FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks December 1, 2005 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 Nov 30, 2005 Nov 23, 2005 Dec 1, 2004 Nov 30, 2005 Federal Reserve Banks Reserve Bank Credit 812,719 + 6,209 + 27,209 817,793 Securities held outright 744,306 + 806 + 32,338 744,168 U.S. Treasury (1) 744,306 + 806 + 32,338 744,168 Bills (2) 271,270 + 142 + 9,712 271,270 Notes and bonds, nominal (2) 449,757 + 599 + 17,231 449,595 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,300 19,983 Inflation compensation (3) 3,295 + 64 + 1,095 3,319 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 29,821 + 5,250 - 3,822 35,250 Loans to depository institutions 103 - 15 + 30 86 Primary credit 6 - 17 0 4 Secondary credit 0 0 0 0 Seasonal credit 97 + 3 + 30 81 Float 919 - 178 + 1,030 886 Other Federal Reserve assets 37,569 + 346 - 2,369 37,403 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,541 + 14 + 106 36,541 Total factors supplying reserve funds 862,500 + 6,223 + 27,311 867,574 Currency in circulation(5) 780,611 + 3,633 + 26,731 780,224 Reverse repurchase agreements (6) 25,782 + 854 - 2,304 30,055 Foreign official and international accounts 25,782 + 854 - 2,304 30,055 Dealers 0 0 0 0 Treasury cash holdings 204 - 6 - 75 204 Deposits with F.R.Banks, other than reserve balances 14,212 - 122 - 1,420 13,725 U.S. Treasury, general account 5,090 - 17 - 127 4,634 Foreign official 83 + 2 - 5 82 Service-related 8,754 - 69 - 1,270 8,754 Required clearing balances 8,754 - 69 - 1,270 8,754 Adjustments to compensate for float 0 0 0 0 Other 284 - 39 - 19 255 Other liabilities and capital 32,315 + 204 + 6,787 31,865 Total factors, other than reserve balances, absorbing reserve funds 853,124 + 4,563 + 29,719 856,073 Reserve balances with Federal Reserve Banks 9,376 + 1,659 - 2,407 11,501 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,503,955 + 4,306 + 181,321 1,506,953 U.S. Treasury 1,100,118 + 1,687 + 37,903 1,101,226 Federal agency 403,837 + 2,619 + 143,418 405,727 Securities lent to dealers 2,955 - 746 + 1,368 5,052 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 Nov 30, 2005 Nov 23, 2005 Dec 1, 2004 Assets Gold certificate account 11,037 + 1 - 2 Special drawing rights certificate account 2,200 0 0 Coin 684 - 22 - 19 Securities, repurchase agreements, and loans 779,504 + 2,596 + 32,807 Securities held outright 744,168 - 133 + 31,277 U.S. Treasury (1) 744,168 - 133 + 31,277 Bills (2) 271,270 0 + 8,793 Notes and bonds, nominal (2) 449,595 - 189 + 17,069 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,300 Inflation compensation (3) 3,319 + 56 + 1,114 Federal agency (2) 0 0 0 Repurchase agreements (4) 35,250 + 2,750 + 1,500 Loans 86 - 22 + 30 Items in process of collection (995) 6,976 - 491 - 1,027 Bank premises 1,846 + 3 + 94 Other assets (5) 35,505 - 96 - 2,655 Total assets (995) 837,752 + 1,991 + 29,199 Liabilities Federal Reserve notes net of FR Bank holdings 744,567 - 1,015 + 26,340 Reverse repurchase agreements (6) 30,055 + 5,568 + 2,516 Deposits (0) 25,174 - 1,722 - 5,272 Depository institutions 20,204 - 2,180 - 4,576 U.S. Treasury, general account 4,634 + 472 - 630 Foreign official 82 + 2 - 2 Other (0) 255 - 15 - 63 Deferred availability cash items (995) 6,091 - 608 - 1,009 Other liabilities and accrued dividends (7) 4,231 + 37 + 1,196 Total liabilities (995) 810,118 + 2,259 + 23,772 Capital Accounts Capital paid in 13,501 + 3 + 1,957 Surplus 11,630 0 + 2,783 Other capital accounts 2,503 - 272 + 688 Total capital 27,634 - 269 + 5,428 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, November 30, 2005 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 58 48,773 - 7,042 0 0 35,250 30,055 16 days to 90 days 28 163,763 + 8,191 0 0 0 0 91 days to 1 year 0 187,020 - 1,231 0 0 ------ ------ Over 1 to 5 years ------ 210,726 - 86 0 0 ------ ------ Over 5 to 10 years ------ 56,690 + 9 0 0 ------ ------ Over 10 years ------ 77,194 + 24 0 0 ------ ------ All 86 744,168 - 133 0 0 35,250 30,055 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 November 30, 2005 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 11,037 510 4,355 432 453 836 945 928 327 212 318 549 1,172 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 684 30 51 46 52 56 90 74 33 22 60 68 101 Securities, repurchase agreements, and loans 779,504 38,074 330,339 26,399 31,437 56,793 57,584 67,045 23,100 15,559 21,065 36,651 75,458 Securities held outright 744,168 38,074 295,089 26,399 31,437 56,792 57,573 67,016 23,092 15,542 21,048 36,651 75,454 U.S. Treasury (1) 744,168 38,074 295,089 26,399 31,437 56,792 57,573 67,016 23,092 15,542 21,048 36,651 75,454 Bills (2) 271,270 13,879 107,568 9,623 11,460 20,702 20,987 24,429 8,418 5,666 7,673 13,360 27,505 Notes and bonds(3) 472,898 24,195 187,520 16,776 19,978 36,090 36,586 42,587 14,674 9,877 13,376 23,291 47,949 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 35,250 0 35,250 0 0 0 0 0 0 0 0 0 0 Loans 86 0 0 0 0 0 12 29 8 17 16 0 4 Items in process of collection 7,972 372 419 386 403 535 1,703 195 237 372 659 918 1,772 Bank premises 1,846 108 203 53 158 144 271 211 70 119 83 262 165 Other assets(5) 35,505 3,089 13,518 977 2,344 4,604 1,966 2,443 864 712 639 915 3,434 Interdistrict settlement account 0 - 2,404 -32,899 + 6,799 + 1,354 + 6,800 + 4,169 + 1,782 + 328 - 283 + 597 - 3,864 +17,621 Total Assets 838,747 39,894 316,859 35,176 36,304 69,914 66,895 72,890 25,029 16,743 23,488 35,597 99,958 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 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 November 30, 2005 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 899,790 39,314 328,762 37,467 36,546 69,052 81,444 76,596 26,355 17,305 26,301 50,064 110,586 Less: notes held by F.R. Banks 155,223 4,681 44,437 6,181 5,420 12,329 21,917 10,464 3,481 2,561 5,339 17,595 20,818 Federal Reserve notes, net 744,567 34,632 284,325 31,286 31,126 56,723 59,527 66,132 22,874 14,743 20,961 32,469 89,767 Reverse repurchase agreements (1) 30,055 1,538 11,918 1,066 1,270 2,294 2,325 2,707 933 628 850 1,480 3,047 Deposits 25,174 1,245 10,786 735 990 2,834 1,891 1,547 516 328 653 772 2,877 Depository institutions 20,204 1,237 5,933 734 986 2,752 1,889 1,544 507 327 652 771 2,873 U.S. Treasury, general account 4,634 0 4,634 0 0 0 0 0 0 0 0 0 0 Foreign official 82 5 53 1 4 7 2 3 1 1 1 0 4 Other 255 2 166 0 0 75 0 0 8 0 1 0 0 Deferred availability cash items 7,086 576 790 539 616 559 1,035 329 169 421 528 338 1,186 Other liabilities and accrued dividends (2) 4,231 218 1,456 172 217 450 339 376 155 115 135 210 389 Total liabilities 811,113 38,209 309,275 33,799 34,218 62,860 65,117 71,090 24,646 16,234 23,127 35,269 97,267 Capital Capital paid in 13,501 316 3,683 744 1,010 3,942 889 874 143 245 174 153 1,328 Surplus 11,630 1,353 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 2,503 17 470 339 11 963 373 162 4 9 34 40 80 Total liabilities and capital 838,747 39,894 316,859 35,176 36,304 69,914 66,895 72,890 25,029 16,743 23,488 35,597 99,958 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 Nov 30, 2005 Federal Reserve notes outstanding 899,790 Less: Notes held by F.R. Banks not subject to collateralization 155,223 Federal Reserve Notes to be collateralized 744,567 Collateral held against Federal Reserve notes 744,567 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 731,330 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 779,418 Less:face value of securities under reverse repurchase agreements 30,092 U.S. Treasury and agency securities eligible to be pledged 749,326 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.