FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 15, 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 Jun 14, 2006 Jun 7, 2006 Jun 15, 2005 Jun 14, 2006 Federal Reserve Banks Reserve Bank Credit 824,744 - 4,685 + 36,797 830,025 Securities held outright 765,286 + 1,462 + 39,804 766,245 U.S. Treasury (1) 765,286 + 1,462 + 39,804 766,245 Bills (2) 275,370 0 + 10,355 275,370 Notes and bonds, nominal (2) 463,640 + 1,410 + 24,962 464,580 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,538 22,646 Inflation compensation (3) 3,630 + 52 + 950 3,649 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 19,714 - 6,107 - 4,000 24,250 Loans to depository institutions 231 + 8 + 69 245 Primary credit 14 0 0 12 Secondary credit 0 0 0 0 Seasonal credit 217 + 8 + 69 233 Float -210 - 197 + 524 -614 Other Federal Reserve assets 39,723 + 149 + 400 39,900 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,020 + 14 + 1,447 38,020 Total factors supplying reserve funds 876,005 - 4,670 + 38,244 881,286 Currency in circulation(5) 794,515 - 2,297 + 34,957 795,200 Reverse repurchase agreements (6) 24,310 + 243 + 619 26,002 Foreign official and international accounts 24,310 + 243 + 619 26,002 Dealers 0 0 0 0 Treasury cash holdings 205 + 8 - 75 205 Deposits with F.R.Banks, other than reserve balances 12,628 - 551 - 1,977 12,112 U.S. Treasury, general account 4,970 - 263 - 564 4,468 Foreign official 86 + 1 - 7 84 Service-related 7,318 - 261 - 1,289 7,318 Required clearing balances 7,318 - 261 - 1,289 7,318 Adjustments to compensate for float 0 0 0 0 Other 254 - 28 - 118 242 Other liabilities and capital 34,815 - 228 + 5,416 34,546 Total factors, other than reserve balances, absorbing reserve funds 866,472 - 2,826 + 38,939 868,066 Reserve balances with Federal Reserve Banks 9,533 - 1,845 - 694 13,220 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,632,801 + 6,885 + 196,467 1,632,988 U.S. Treasury 1,123,716 + 3,429 + 31,892 1,123,359 Federal agency 509,085 + 3,456 + 164,575 509,630 Securities lent to dealers 1,643 - 276 - 3,523 2,405 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 Jun 14, 2006 Jun 7, 2006 Jun 15, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 722 + 19 + 93 Securities, repurchase agreements, and loans 790,739 - 1,107 + 36,094 Securities held outright 766,245 + 1,368 + 40,750 U.S. Treasury (1) 766,245 + 1,368 + 40,750 Bills (2) 275,370 0 + 10,355 Notes and bonds, nominal (2) 464,580 + 1,316 + 25,902 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,538 Inflation compensation (3) 3,649 + 52 + 956 Federal agency (2) 0 0 0 Repurchase agreements (4) 24,250 - 2,500 - 4,750 Loans 245 + 26 + 94 Items in process of collection (1,152) 4,868 - 2,324 - 465 Bank premises 1,852 + 5 + 29 Other assets (5) 37,883 + 225 + 391 Total assets (1,152) 849,301 - 3,183 + 36,142 Liabilities Federal Reserve notes net of FR Bank holdings 758,103 - 1,811 + 33,524 Reverse repurchase agreements (6) 26,002 + 2,233 + 2,855 Deposits (0) 25,172 - 2,887 - 4,993 Depository institutions 20,378 - 1,772 + 407 U.S. Treasury, general account 4,468 - 1,084 - 5,381 Foreign official 84 - 3 - 7 Other (0) 242 - 28 - 13 Deferred availability cash items (1,152) 5,477 - 725 - 818 Other liabilities and accrued dividends (7) 5,118 + 62 + 1,616 Total liabilities (1,152) 819,873 - 3,126 + 32,184 Capital Accounts Capital paid in 14,965 0 + 2,044 Surplus 12,901 0 + 1,505 Other capital accounts 1,562 - 56 + 410 Total capital 29,428 - 56 + 3,958 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, June 14, 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 47 56,340 - 2,179 0 0 24,250 26,002 16 days to 90 days 198 176,968 + 3,567 0 0 0 0 91 days to 1 year 0 177,963 - 1,384 0 0 ------ ------ Over 1 to 5 years ------ 215,950 + 1,332 0 0 ------ ------ Over 5 to 10 years ------ 60,696 + 8 0 0 ------ ------ Over 10 years ------ 78,328 + 24 0 0 ------ ------ All 245 766,245 + 1,368 0 0 24,250 26,002 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 June 14, 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 11,037 486 4,139 463 446 853 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 722 32 45 35 68 65 89 75 34 35 58 66 119 Securities, repurchase agreements, and loans 790,739 36,571 307,858 33,267 33,086 63,652 64,161 70,441 24,376 15,642 22,464 34,390 84,832 Securities held outright 766,245 36,564 283,608 33,267 33,086 63,652 64,148 70,357 24,345 15,577 22,437 34,388 84,816 U.S. Treasury (1) 766,245 36,564 283,608 33,267 33,086 63,652 64,148 70,357 24,345 15,577 22,437 34,388 84,816 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) 490,875 23,424 181,686 21,312 21,196 40,777 41,094 45,072 15,596 9,979 14,374 22,030 54,335 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 24,250 0 24,250 0 0 0 0 0 0 0 0 0 0 Loans 245 7 0 0 0 0 13 84 32 64 27 1 16 Items in process of collection 6,020 338 433 338 539 408 891 206 166 263 567 392 1,478 Bank premises 1,852 113 205 57 156 154 231 209 70 118 110 260 169 Other assets(5) 37,883 1,190 13,645 1,885 2,229 6,864 2,696 2,673 728 687 701 922 3,663 Interdistrict settlement account 0 - 1,158 + 1,428 + 1,703 - 884 + 2,093 + 2,582 - 6,376 - 290 - 43 + 1,787 - 2,581 + 1,739 Total Assets 850,453 37,687 328,626 37,831 35,745 74,236 71,838 68,387 25,483 16,944 26,078 34,122 93,476 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 June 14, 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 925,922 38,280 345,036 39,746 36,909 73,593 89,241 74,641 27,553 17,385 27,303 49,012 107,223 Less: notes held by F.R. Banks 167,819 3,977 48,550 7,246 6,170 12,700 24,698 13,772 4,030 2,316 3,667 18,038 22,655 Federal Reserve notes, net 758,103 34,304 296,486 32,500 30,739 60,893 64,543 60,869 23,523 15,069 23,636 30,974 84,568 Reverse repurchase agreements (1) 26,002 1,241 9,624 1,129 1,123 2,160 2,177 2,388 826 529 761 1,167 2,878 Deposits 25,172 673 12,639 792 885 2,121 1,760 2,493 497 373 587 720 1,631 Depository institutions 20,378 672 7,942 790 881 2,051 1,757 2,490 491 373 585 719 1,626 U.S. Treasury, general account 4,468 0 4,468 0 0 0 0 0 0 0 0 0 0 Foreign official 84 1 55 2 3 11 3 3 0 1 1 0 4 Other 242 0 174 0 1 59 0 0 6 0 1 0 0 Deferred availability cash items 6,630 430 641 594 670 507 751 328 137 343 560 583 1,086 Other liabilities and accrued dividends (2) 5,118 247 1,682 263 264 546 433 464 172 134 169 232 512 Total liabilities 821,026 36,895 321,072 35,278 33,682 66,227 69,663 66,541 25,156 16,449 25,713 33,676 90,675 Capital Capital paid in 14,965 382 3,672 1,744 1,024 4,015 1,069 903 155 243 174 207 1,378 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 1,562 94 198 64 26 687 214 67 28 7 16 87 74 Total liabilities and capital 850,453 37,687 328,626 37,831 35,745 74,236 71,838 68,387 25,483 16,944 26,078 34,122 93,476 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 Jun 14, 2006 Federal Reserve notes outstanding 925,922 Less: Notes held by F.R. Banks not subject to collateralization 167,819 Federal Reserve Notes to be collateralized 758,103 Collateral held against Federal Reserve notes 758,103 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 744,866 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 790,495 Less:face value of securities under reverse repurchase agreements 26,035 U.S. Treasury and agency securities eligible to be pledged 764,460 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.