FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 31, 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 Aug 30, 2006 Aug 23, 2006 Aug 31, 2005 Aug 30, 2006 Federal Reserve Banks Reserve Bank Credit 828,872 + 3,845 + 31,071 836,416 Securities held outright 765,398 + 548 + 34,698 766,738 U.S. Treasury (1) 765,398 + 548 + 34,698 766,738 Bills (2) 277,019 0 + 9,396 277,019 Notes and bonds, nominal (2) 458,360 + 534 + 17,604 459,695 Notes and bonds, inflation-indexed (2) 26,019 0 + 6,486 26,019 Inflation compensation (3) 4,001 + 14 + 1,213 4,006 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 24,393 + 2,857 - 4,321 30,250 Loans to depository institutions 412 + 64 + 80 693 Primary credit 52 + 45 + 46 331 Secondary credit 0 0 0 0 Seasonal credit 361 + 20 + 35 361 Float -226 + 48 + 138 -402 Other Federal Reserve assets 38,896 + 329 + 477 39,138 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,102 + 14 + 1,673 38,102 Total factors supplying reserve funds 880,215 + 3,859 + 32,744 887,759 Currency in circulation(5) 793,614 + 288 + 30,756 797,161 Reverse repurchase agreements (6) 25,768 - 1,735 + 797 26,084 Foreign official and international accounts 25,768 - 1,735 + 797 26,084 Dealers 0 0 0 0 Treasury cash holdings 170 + 11 - 96 171 Deposits with F.R.Banks, other than reserve balances 12,430 - 278 - 1,544 12,244 U.S. Treasury, general account 5,095 + 98 + 186 4,919 Foreign official 90 + 1 + 3 89 Service-related 6,981 - 1 - 1,736 6,981 Required clearing balances 6,981 - 1 - 1,736 6,981 Adjustments to compensate for float 0 0 0 0 Other 263 - 377 + 2 255 Other liabilities and capital 35,642 + 45 + 4,654 35,422 Total factors, other than reserve balances, absorbing reserve funds 867,624 - 1,670 + 34,567 871,082 Reserve balances with Federal Reserve Banks 12,591 + 5,529 - 1,823 16,677 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,678,880 + 8,507 + 210,704 1,675,570 U.S. Treasury 1,143,818 + 4,731 + 44,879 1,140,653 Federal agency 535,062 + 3,776 + 165,825 534,918 Securities lent to dealers 4,269 + 3,041 + 964 9,696 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 Aug 30, 2006 Aug 23, 2006 Aug 31, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 781 + 5 + 122 Securities, repurchase agreements, and loans 797,680 + 12,708 + 31,464 Securities held outright 766,738 + 1,883 + 36,358 U.S. Treasury (1) 766,738 + 1,883 + 36,358 Bills (2) 277,019 0 + 9,253 Notes and bonds, nominal (2) 459,695 + 1,869 + 19,403 Notes and bonds, inflation-indexed (2) 26,019 0 + 6,486 Inflation compensation (3) 4,006 + 14 + 1,217 Federal agency (2) 0 0 0 Repurchase agreements (4) 30,250 + 10,500 - 5,250 Loans 693 + 326 + 357 Items in process of collection (1,374) 4,060 - 200 - 3,020 Bank premises 1,877 0 + 43 Other assets (5) 37,171 + 457 + 713 Total assets (1,374) 854,806 + 12,969 + 29,323 Liabilities Federal Reserve notes net of FR Bank holdings 760,006 + 3,237 + 29,795 Reverse repurchase agreements (6) 26,084 - 469 - 403 Deposits (0) 28,831 + 10,106 - 2,867 Depository institutions 23,568 + 10,195 - 2,134 U.S. Treasury, general account 4,919 - 24 - 731 Foreign official 89 - 1 + 8 Other (0) 255 - 63 - 10 Deferred availability cash items (1,374) 4,462 - 118 - 1,877 Other liabilities and accrued dividends (7) 5,330 + 78 + 1,769 Total liabilities (1,374) 824,714 + 12,836 + 26,417 Capital Accounts Capital paid in 15,060 + 13 + 1,658 Surplus 12,901 0 + 1,271 Other capital accounts 2,131 + 120 - 24 Total capital 30,092 + 133 + 2,906 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, August 30, 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 642 63,768 + 192 0 0 30,250 26,084 16 days to 90 days 51 164,899 - 760 0 0 0 0 91 days to 1 year 0 184,496 + 984 0 0 ------ ------ Over 1 to 5 years ------ 212,576 + 1,458 0 0 ------ ------ Over 5 to 10 years ------ 59,713 + 3 0 0 ------ ------ Over 10 years ------ 81,285 + 6 0 0 ------ ------ All 693 766,738 + 1,883 0 0 30,250 26,084 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 August 30, 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 781 25 45 41 70 70 104 96 40 33 59 79 118 Securities, repurchase agreements, and loans 797,680 36,917 314,040 33,289 33,107 63,693 64,203 70,496 24,432 15,705 22,499 34,418 84,879 Securities held outright 766,738 36,587 283,790 33,288 33,107 63,693 64,189 70,402 24,361 15,587 22,452 34,410 84,870 U.S. Treasury (1) 766,738 36,587 283,790 33,288 33,107 63,693 64,189 70,402 24,361 15,587 22,452 34,410 84,870 Bills (2) 277,019 13,219 102,532 12,027 11,962 23,012 23,191 25,436 8,801 5,632 8,112 12,432 30,663 Notes and bonds(3) 489,719 23,369 181,258 21,261 21,146 40,681 40,998 44,966 15,559 9,956 14,340 21,978 54,207 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 30,250 0 30,250 0 0 0 0 0 0 0 0 0 0 Loans 693 330 0 1 0 0 14 95 72 118 47 7 9 Items in process of collection 5,434 299 112 718 379 674 819 159 220 237 441 338 1,039 Bank premises 1,877 112 208 58 157 157 230 209 73 117 122 259 175 Other assets(5) 37,171 1,155 13,405 1,863 2,204 6,813 2,595 2,614 697 671 681 889 3,585 Interdistrict settlement account 0 - 1,227 + 1,077 + 1,428 + 90 + 1,293 + 7,574 - 9,609 - 841 - 239 + 1,309 - 1,790 + 936 Total Assets 856,180 37,882 333,899 37,943 36,558 73,700 76,715 65,124 25,020 16,765 25,502 34,865 92,208 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 August 30, 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 931,912 38,113 348,813 39,267 37,184 73,841 93,813 73,201 27,118 17,143 27,258 50,094 106,068 Less: notes held by F.R. Banks 171,906 3,885 49,672 7,383 6,228 13,023 25,055 14,514 4,033 2,352 4,067 18,107 23,586 Federal Reserve notes, net 760,006 34,228 299,140 31,884 30,956 60,818 68,758 58,687 23,085 14,791 23,191 31,987 82,482 Reverse repurchase agreements (1) 26,084 1,245 9,655 1,132 1,126 2,167 2,184 2,395 829 530 764 1,171 2,887 Deposits 28,831 904 15,561 1,207 1,349 1,441 2,351 1,455 464 448 524 690 2,439 Depository institutions 23,568 901 10,414 1,204 1,345 1,350 2,348 1,451 462 447 522 689 2,434 U.S. Treasury, general account 4,919 0 4,919 0 0 0 0 0 0 0 0 0 0 Foreign official 89 1 60 2 3 11 3 3 0 1 1 0 4 Other 255 1 168 1 1 80 0 1 2 0 1 0 0 Deferred availability cash items 5,836 450 109 630 590 675 762 323 125 359 482 318 1,014 Other liabilities and accrued dividends (2) 5,330 260 1,801 251 257 524 450 488 193 137 175 252 542 Total liabilities 826,088 37,086 326,266 35,104 34,279 65,625 74,505 63,348 24,695 16,264 25,135 34,417 89,364 Capital Capital paid in 15,060 383 3,689 1,748 1,126 4,017 1,084 841 155 243 174 211 1,387 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 2,131 96 259 348 139 750 233 59 25 12 18 84 107 Total liabilities and capital 856,180 37,882 333,899 37,943 36,558 73,700 76,715 65,124 25,020 16,765 25,502 34,865 92,208 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 Aug 30, 2006 Federal Reserve notes outstanding 931,912 Less: Notes held by F.R. Banks not subject to collateralization 171,906 Federal Reserve Notes to be collateralized 760,006 Collateral held against Federal Reserve notes 760,006 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 746,769 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 796,988 Less:face value of securities under reverse repurchase agreements 26,122 U.S. Treasury and agency securities eligible to be pledged 770,866 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.