FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks March 9, 2006 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Averages of daily figures Reserve Bank credit, related items, and Week ended Change from week ended Wednesday reserve balances of depository institutions at Mar 8, 2006 Mar 1, 2006 Mar 9, 2005 Mar 8, 2006 Federal Reserve Banks Reserve Bank Credit 815,376 - 5,382 + 37,845 817,148 Securities held outright 754,952 + 1,262 + 37,450 755,576 U.S. Treasury (1) 754,952 + 1,262 + 37,450 755,576 Bills (2) 274,142 0 + 11,137 274,142 Notes and bonds, nominal (2) 455,470 + 1,235 + 22,374 456,077 Notes and bonds, inflation-indexed (2) 22,196 0 + 3,088 22,196 Inflation compensation (3) 3,144 + 26 + 852 3,160 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 25,679 - 3,357 + 4,786 26,500 Loans to depository institutions 62 + 28 + 29 43 Primary credit 20 + 14 + 15 0 Secondary credit 0 0 0 0 Seasonal credit 42 + 14 + 13 43 Float 848 + 637 + 1,610 1,139 Other Federal Reserve assets 33,835 - 3,952 - 6,031 33,889 Gold stock 11,044 0 + 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,609 + 14 + 63 36,609 Total factors supplying reserve funds 865,230 - 5,367 + 37,912 867,001 Currency in circulation(5) 787,851 + 683 + 36,281 789,388 Reverse repurchase agreements (6) 24,217 - 430 - 1,414 23,810 Foreign official and international accounts 24,217 - 430 - 1,414 23,810 Dealers 0 0 0 0 Treasury cash holdings 187 + 2 - 70 193 Deposits with F.R.Banks, other than reserve balances 13,527 + 85 - 693 13,311 U.S. Treasury, general account 5,028 - 52 + 724 4,851 Foreign official 85 + 2 + 2 86 Service-related 8,144 + 130 - 1,410 8,144 Required clearing balances 8,144 + 130 - 1,410 8,144 Adjustments to compensate for float 0 0 0 0 Other 269 + 4 - 10 230 Other liabilities and capital 32,514 + 198 + 4,781 32,117 Total factors, other than reserve balances, absorbing reserve funds 858,296 + 538 + 38,884 858,819 Reserve balances with Federal Reserve Banks 6,934 - 5,905 - 973 8,182 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,591,706 + 11,870 + 211,377 1,598,592 U.S. Treasury 1,136,601 + 9,982 + 56,249 1,141,697 Federal agency 455,106 + 1,889 + 155,129 456,896 Securities lent to dealers 1,820 - 1,789 + 120 2,539 Note: Components may not sum to totals because of rounding. 1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities. 2 Face value of the securities. 3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 5 Estimated. 6 Cash value of agreements, which are collateralized by U.S. Treasury securities. 7 Includes U.S. Treasury STRIPS and other zero coupon bonds at face value. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 2. Consolidated Statement of Condition of All Federal Reserve Banks Millions of Dollars Eliminations Change Since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Mar 8, 2006 Mar 1, 2006 Mar 9, 2005 Assets Gold certificate account 11,040 0 + 3 Special drawing rights certificate account 2,200 0 0 Coin 820 - 6 + 47 Securities, repurchase agreements, and loans 782,119 - 352 + 42,581 Securities held outright 755,576 + 894 + 38,071 U.S. Treasury (1) 755,576 + 894 + 38,071 Bills (2) 274,142 0 + 11,137 Notes and bonds, nominal (2) 456,077 + 850 + 22,981 Notes and bonds, inflation-indexed (2) 22,196 0 + 3,088 Inflation compensation (3) 3,160 + 43 + 864 Federal agency (2) 0 0 0 Repurchase agreements (4) 26,500 - 1,250 + 4,500 Loans 43 + 5 + 11 Items in process of collection (1,294) 8,111 - 14 + 812 Bank premises 1,821 0 + 28 Other assets (5) 36,207 + 286 - 2,158 Total assets (1,294) 842,319 - 84 + 41,314 Liabilities Federal Reserve notes net of FR Bank holdings 753,788 + 760 + 36,382 Reverse repurchase agreements (6) 23,810 - 862 - 1,620 Deposits (0) 25,722 - 177 + 2,583 Depository institutions 20,556 + 459 + 2,383 U.S. Treasury, general account 4,851 - 576 + 252 Foreign official 86 + 1 + 4 Other (0) 230 - 60 - 56 Deferred availability cash items (1,294) 6,882 + 89 - 313 Other liabilities and accrued dividends (7) 4,466 + 102 + 1,357 Total liabilities (1,294) 814,668 - 88 + 38,389 Capital Accounts Capital paid in 13,730 - 9 + 1,195 Surplus 12,901 0 + 1,685 Other capital accounts 1,019 + 13 + 44 Total capital 27,650 + 4 + 2,923 Note: Components may not sum to totals because of rounding. 1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities. 2 Face value of the securities. 3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securites. 5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates. 6 Cash value of agreements, which are collateralized by U.S. Treasury securities. 7 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments. 3. Maturity Distribution of Loans and Securities, March 8, 2006 Millions of dollars U.S. Treasury Federal agency Reverse Maturity Loans securities (1) securities Repurchase repurchase Weekly Weekly agreements(2)agreements(2) Holdings changes Holdings changes Within 15 days 11 48,007 - 403 0 0 26,500 23,810 16 days to 90 days 32 174,298 + 6,936 0 0 0 0 91 days to 1 year 0 184,149 - 6,529 0 0 ------ ------ Over 1 to 5 years ------ 213,951 + 468 0 0 ------ ------ Over 5 to 10 years ------ 55,355 + 402 0 0 ------ ------ Over 10 years ------ 79,816 + 20 0 0 ------ ------ All 43 755,576 + 894 0 0 26,500 23,810 Note: Components may not sum to totals because of rounding. --- Not applicable. 1 Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 2 Cash value of agreements classified by remaining maturity of the agreements. 4. Statement of Condition of Each Federal Reserve Bank on March 8, 2006 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Assets Gold certificate account 11,040 510 4,358 432 453 836 945 928 327 212 318 549 1,172 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 820 40 67 49 65 79 98 97 50 32 67 72 104 Securities, repurchase agreements, and loans 782,119 38,667 326,112 26,804 31,919 57,663 58,455 68,070 23,446 15,785 21,372 37,214 76,611 Securities held outright 755,576 38,658 299,612 26,804 31,919 57,663 58,455 68,043 23,446 15,781 21,371 37,213 76,611 U.S. Treasury (1) 755,576 38,658 299,612 26,804 31,919 57,663 58,455 68,043 23,446 15,781 21,371 37,213 76,611 Bills (2) 274,142 14,026 108,707 9,725 11,581 20,922 21,209 24,688 8,507 5,726 7,754 13,502 27,796 Notes and bonds(3) 481,434 24,632 190,905 17,079 20,338 36,741 37,246 43,355 14,939 10,055 13,617 23,711 48,814 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 26,500 0 26,500 0 0 0 0 0 0 0 0 0 0 Loans 43 10 0 0 0 0 0 27 0 5 1 1 0 Items in process of collection 9,405 1,151 637 431 638 535 2,408 378 273 340 646 484 1,484 Bank premises 1,821 113 206 54 157 152 232 210 70 119 91 260 158 Other assets(5) 36,207 1,181 13,486 1,600 2,128 6,451 2,474 2,524 722 665 657 940 3,380 Interdistrict settlement account 0 - 4,281 -30,517 + 6,245 + 908 + 8,465 + 8,242 - 1,982 + 637 - 289 + 2,027 - 3,728 +14,274 Total Assets 843,612 37,496 315,221 35,696 36,373 74,328 73,020 70,438 25,595 16,894 25,245 35,888 97,417 Note: Components may not sum to totals because of rounding. 1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities. 2 Face value of the securities. 3 Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates. 4. Statement of Condition of Each Federal Reserve Bank on March 8, 2006 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Liabilities Federal Reserve notes outstanding 912,160 38,842 327,875 39,012 36,987 72,952 87,676 76,810 27,788 17,672 27,551 49,614 109,381 Less: notes held by F.R. Banks 158,372 4,867 45,456 7,152 5,341 12,304 21,872 12,711 4,076 2,593 4,631 16,604 20,766 Federal Reserve notes, net 753,788 33,976 282,419 31,860 31,646 60,648 65,804 64,099 23,712 15,079 22,921 33,009 88,615 Reverse repurchase agreements (1) 23,810 1,218 9,442 845 1,006 1,817 1,842 2,144 739 497 673 1,173 2,414 Deposits 25,722 817 13,159 504 867 3,179 1,785 1,544 497 318 555 706 1,791 Depository institutions 20,556 810 8,089 501 864 3,111 1,782 1,541 496 317 554 705 1,787 U.S. Treasury, general account 4,851 0 4,851 0 0 0 0 0 0 0 0 0 0 Foreign official 86 1 57 2 3 11 3 3 0 1 1 0 4 Other 230 7 163 0 0 57 0 1 1 0 1 0 0 Deferred availability cash items 8,175 573 1,003 792 600 695 1,119 439 178 383 583 384 1,428 Other liabilities and accrued dividends (2) 4,466 237 1,566 183 217 429 366 407 163 119 140 224 415 Total liabilities 815,962 36,822 307,589 34,183 34,336 66,768 70,916 68,632 25,289 16,396 24,872 35,496 94,663 Capital Capital paid in 13,730 323 3,695 750 999 3,945 1,035 877 144 244 178 188 1,352 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 1,019 34 253 20 23 307 177 53 18 10 19 52 53 Total liabilities and capital 843,612 37,496 315,221 35,696 36,373 74,328 73,020 70,438 25,595 16,894 25,245 35,888 97,417 Note: Components may not sum to totals because of rounding. 1 Cash value of agreements, which are collateralized by U.S. Treasury securities. 2 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments. 5. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral Wednesday Mar 8, 2006 Federal Reserve notes outstanding 912,160 Less: Notes held by F.R. Banks not subject to collateralization 158,372 Federal Reserve Notes to be collateralized 753,788 Collateral held against Federal Reserve notes 753,788 Gold certificate account 11,040 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 740,548 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 782,076 Less:face value of securities under reverse repurchase agreements 23,840 U.S. Treasury and agency securities eligible to be pledged 758,235 Note: Components may not sum to totals because of rounding. 1 Includes face value of U.S. Treasury and agency securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.