FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 27, 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 Apr 26, 2006 Apr 19, 2006 Apr 27, 2005 Apr 26, 2006 Federal Reserve Banks Reserve Bank Credit 820,179 - 3,555 + 33,470 827,480 Securities held outright 758,896 + 325 + 40,955 759,683 U.S. Treasury (1) 758,896 + 325 + 40,955 759,683 Bills (2) 275,370 0 + 12,365 275,370 Notes and bonds, nominal (2) 457,490 + 313 + 24,090 458,273 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,538 22,646 Inflation compensation (3) 3,390 + 12 + 962 3,394 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 21,536 - 4,785 - 5,785 26,750 Loans to depository institutions 119 + 32 + 17 105 Primary credit 29 + 26 + 22 1 Secondary credit 0 0 0 0 Seasonal credit 90 + 6 - 6 105 Float -879 + 365 - 560 93 Other Federal Reserve assets 40,507 + 508 - 1,155 40,848 Gold stock 11,043 0 + 2 11,043 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,707 + 14 + 162 36,707 Total factors supplying reserve funds 870,129 - 3,542 + 33,634 877,430 Currency in circulation(5) 789,437 - 499 + 36,817 790,883 Reverse repurchase agreements (6) 24,053 - 1,357 - 1,441 22,910 Foreign official and international accounts 24,053 - 1,357 - 1,441 22,910 Dealers 0 0 0 0 Treasury cash holdings 199 - 9 - 61 182 Deposits with F.R.Banks, other than reserve balances 12,934 - 64 - 1,471 13,586 U.S. Treasury, general account 4,953 - 46 - 633 5,610 Foreign official 85 + 2 - 10 85 Service-related 7,611 + 2 - 813 7,611 Required clearing balances 7,611 + 2 - 813 7,611 Adjustments to compensate for float 0 0 0 0 Other 284 - 24 - 16 280 Other liabilities and capital 33,488 + 467 + 4,620 33,189 Total factors, other than reserve balances, absorbing reserve funds 860,111 - 1,463 + 38,463 860,750 Reserve balances with Federal Reserve Banks 10,018 - 2,079 - 4,829 16,680 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,603,645 - 1,059 + 212,828 1,610,446 U.S. Treasury 1,117,558 - 12,772 + 41,299 1,117,715 Federal agency 486,088 + 11,714 + 171,530 492,732 Securities lent to dealers 487 - 250 - 1,108 443 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 Apr 26, 2006 Apr 19, 2006 Apr 27, 2005 Assets Gold certificate account 11,039 0 + 2 Special drawing rights certificate account 2,200 0 0 Coin 805 + 4 + 95 Securities, repurchase agreements, and loans 786,539 + 6,626 + 37,046 Securities held outright 759,683 + 1,108 + 41,045 U.S. Treasury (1) 759,683 + 1,108 + 41,045 Bills (2) 275,370 0 + 12,365 Notes and bonds, nominal (2) 458,273 + 1,096 + 24,188 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,538 Inflation compensation (3) 3,394 + 12 + 955 Federal agency (2) 0 0 0 Repurchase agreements (4) 26,750 + 5,500 - 4,000 Loans 105 + 17 0 Items in process of collection (1,454) 6,285 + 869 - 364 Bank premises 1,833 0 + 24 Other assets (5) 39,010 + 741 - 747 Total assets (1,454) 847,711 + 8,240 + 36,055 Liabilities Federal Reserve notes net of FR Bank holdings 755,158 - 118 + 36,342 Reverse repurchase agreements (6) 22,910 - 1,819 - 2,158 Deposits (0) 30,259 + 10,065 - 1,393 Depository institutions 24,284 + 9,701 - 631 U.S. Treasury, general account 5,610 + 365 - 746 Foreign official 85 0 - 3 Other (0) 280 - 1 - 14 Deferred availability cash items (1,454) 6,194 - 115 - 1,406 Other liabilities and accrued dividends (7) 4,650 + 56 + 1,318 Total liabilities (1,454) 819,172 + 8,071 + 32,704 Capital Accounts Capital paid in 13,816 + 65 + 1,074 Surplus 12,901 0 + 1,544 Other capital accounts 1,822 + 105 + 733 Total capital 28,538 + 168 + 3,350 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, April 26, 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 97 63,186 + 2,271 0 0 26,750 22,910 16 days to 90 days 9 166,349 - 1,101 0 0 0 0 91 days to 1 year 0 177,830 - 1,168 0 0 ------ ------ Over 1 to 5 years ------ 216,926 + 1,099 0 0 ------ ------ Over 5 to 10 years ------ 55,384 + 2 0 0 ------ ------ Over 10 years ------ 80,009 + 6 0 0 ------ ------ All 105 759,683 + 1,108 0 0 26,750 22,910 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 April 26, 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 11,039 486 4,141 463 446 853 1,023 947 328 211 324 575 1,242 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 805 41 66 45 67 69 85 96 43 38 64 70 121 Securities, repurchase agreements, and loans 786,539 36,263 307,930 32,982 32,803 63,107 63,598 69,804 24,146 15,462 22,258 34,095 84,090 Securities held outright 759,683 36,251 281,180 32,982 32,803 63,107 63,598 69,754 24,136 15,444 22,245 34,094 84,089 U.S. Treasury (1) 759,683 36,251 281,180 32,982 32,803 63,107 63,598 69,754 24,136 15,444 22,245 34,094 84,089 Bills (2) 275,370 13,140 101,922 11,955 11,890 22,875 23,053 25,284 8,749 5,598 8,063 12,358 30,481 Notes and bonds(3) 484,314 23,111 179,258 21,027 20,913 40,232 40,545 44,470 15,387 9,846 14,182 21,735 53,609 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 26,750 0 26,750 0 0 0 0 0 0 0 0 0 0 Loans 105 12 0 0 0 0 0 50 10 18 13 2 1 Items in process of collection 7,739 506 407 315 590 375 2,215 325 334 241 721 582 1,127 Bank premises 1,833 113 206 55 157 153 232 208 70 118 96 259 167 Other assets(5) 39,010 1,258 14,121 1,845 2,284 6,916 2,760 2,792 782 715 742 987 3,808 Interdistrict settlement account 0 - 1,426 - 2,845 + 654 - 588 + 5,704 + 1,479 - 5,604 - 384 - 107 + 1,625 - 2,201 + 3,694 Total Assets 849,165 37,357 324,900 36,442 35,864 77,324 71,557 68,780 25,390 16,709 25,895 34,464 94,484 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 April 26, 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 916,483 38,526 335,177 39,447 36,927 73,711 87,016 75,595 27,631 17,507 27,452 49,277 108,216 Less: notes held by F.R. Banks 161,325 4,623 43,304 6,988 6,172 12,764 22,963 13,283 4,140 2,507 4,189 17,886 22,504 Federal Reserve notes, net 755,158 33,903 291,873 32,458 30,755 60,947 64,053 62,312 23,491 15,000 23,263 31,391 85,712 Reverse repurchase agreements (1) 22,910 1,093 8,480 995 989 1,903 1,918 2,104 728 466 671 1,028 2,536 Deposits 30,259 938 14,541 609 988 5,313 2,079 1,754 533 293 565 718 1,929 Depository institutions 24,284 937 8,700 606 984 5,203 2,076 1,751 532 292 563 716 1,924 U.S. Treasury, general account 5,610 0 5,610 0 0 0 0 0 0 0 0 0 0 Foreign official 85 1 56 2 3 11 3 3 0 1 1 0 4 Other 280 0 175 0 1 99 0 0 0 0 1 2 0 Deferred availability cash items 7,648 507 779 651 828 587 934 321 157 320 876 660 1,028 Other liabilities and accrued dividends (2) 4,650 231 1,539 215 231 492 398 421 168 125 152 214 464 Total liabilities 820,626 36,673 317,212 34,928 33,791 69,242 69,381 66,911 25,077 16,205 25,526 34,012 91,669 Capital Capital paid in 13,816 324 3,670 727 1,009 4,006 1,052 896 148 242 173 210 1,358 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 1,822 43 333 43 51 768 233 97 20 17 21 90 107 Total liabilities and capital 849,165 37,357 324,900 36,442 35,864 77,324 71,557 68,780 25,390 16,709 25,895 34,464 94,484 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 Apr 26, 2006 Federal Reserve notes outstanding 916,483 Less: Notes held by F.R. Banks not subject to collateralization 161,325 Federal Reserve Notes to be collateralized 755,158 Collateral held against Federal Reserve notes 755,158 Gold certificate account 11,039 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 741,919 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 786,433 Less:face value of securities under reverse repurchase agreements 22,937 U.S. Treasury and agency securities eligible to be pledged 763,496 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.