FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks December 8, 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 Dec 7, 2005 Nov 30, 2005 Dec 8, 2004 Dec 7, 2005 Federal Reserve Banks Reserve Bank Credit 813,647 + 928 + 29,518 814,965 Securities held outright 744,175 - 131 + 28,557 744,179 U.S. Treasury (1) 744,175 - 131 + 28,557 744,179 Bills (2) 271,270 0 + 8,541 271,270 Notes and bonds, nominal (2) 449,595 - 162 + 14,608 449,595 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,300 19,983 Inflation compensation (3) 3,326 + 31 + 1,108 3,330 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 30,893 + 1,072 + 2,822 32,000 Loans to depository institutions 86 - 17 + 31 119 Primary credit 17 + 11 + 14 51 Secondary credit 0 0 0 0 Seasonal credit 69 - 28 + 18 68 Float 969 + 50 + 828 999 Other Federal Reserve assets 37,524 - 45 - 2,720 37,669 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,499 + 14 + 64 36,499 Total factors supplying reserve funds 863,386 + 942 + 29,579 864,705 Currency in circulation(5) 778,066 - 2,489 + 26,648 779,104 Reverse repurchase agreements (6) 28,800 + 3,018 + 407 27,792 Foreign official and international accounts 28,800 + 3,018 + 407 27,792 Dealers 0 0 0 0 Treasury cash holdings 204 0 - 58 199 Deposits with F.R.Banks, other than reserve balances 14,040 - 172 - 1,390 14,171 U.S. Treasury, general account 4,932 - 158 - 54 5,076 Foreign official 82 - 1 - 62 81 Service-related 8,734 - 20 - 1,289 8,734 Required clearing balances 8,734 - 20 - 1,289 8,734 Adjustments to compensate for float 0 0 0 0 Other 293 + 9 + 15 281 Other liabilities and capital 32,125 - 190 + 6,408 31,933 Total factors, other than reserve balances, absorbing reserve funds 853,235 + 167 + 32,014 853,199 Reserve balances with Federal Reserve Banks 10,151 + 775 - 2,435 11,506 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,511,374 + 7,419 + 182,102 1,512,011 U.S. Treasury 1,105,368 + 5,250 + 41,858 1,105,026 Federal agency 406,006 + 2,169 + 140,245 406,985 Securities lent to dealers 3,336 + 381 + 572 3,377 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 Dec 7, 2005 Nov 30, 2005 Dec 8, 2004 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 695 + 11 - 15 Securities, repurchase agreements, and loans 776,298 - 3,206 + 28,674 Securities held outright 744,179 + 11 + 27,107 U.S. Treasury (1) 744,179 + 11 + 27,107 Bills (2) 271,270 0 + 8,537 Notes and bonds, nominal (2) 449,595 0 + 13,166 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,300 Inflation compensation (3) 3,330 + 11 + 1,104 Federal agency (2) 0 0 0 Repurchase agreements (4) 32,000 - 3,250 + 1,500 Loans 119 + 33 + 66 Items in process of collection (1,076) 8,103 + 1,127 - 206 Bank premises 1,849 + 3 + 93 Other assets (5) 35,768 + 263 - 2,607 Total assets (1,076) 835,951 - 1,801 + 25,938 Liabilities Federal Reserve notes net of FR Bank holdings 743,496 - 1,071 + 26,329 Reverse repurchase agreements (6) 27,792 - 2,263 - 379 Deposits (0) 25,626 + 452 - 6,774 Depository institutions 20,188 - 16 - 7,040 U.S. Treasury, general account 5,076 + 442 + 245 Foreign official 81 - 1 + 4 Other (0) 281 + 26 + 16 Deferred availability cash items (1,076) 7,105 + 1,014 + 178 Other liabilities and accrued dividends (7) 4,335 + 104 + 1,217 Total liabilities (1,076) 808,352 - 1,766 + 20,568 Capital Accounts Capital paid in 13,523 + 22 + 1,912 Surplus 11,630 0 + 2,783 Other capital accounts 2,446 - 57 + 675 Total capital 27,599 - 35 + 5,370 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, December 7, 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 60 48,431 - 342 0 0 32,000 27,792 16 days to 90 days 59 164,342 + 579 0 0 0 0 91 days to 1 year 0 186,784 - 236 0 0 ------ ------ Over 1 to 5 years ------ 210,730 + 4 0 0 ------ ------ Over 5 to 10 years ------ 56,692 + 2 0 0 ------ ------ Over 10 years ------ 77,199 + 5 0 0 ------ ------ All 119 744,179 + 11 0 0 32,000 27,792 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 December 7, 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 695 29 49 42 57 61 95 75 33 22 64 69 100 Securities, repurchase agreements, and loans 776,298 38,074 327,142 26,399 31,438 56,793 57,584 67,035 23,100 15,556 21,068 36,652 75,457 Securities held outright 744,179 38,074 295,093 26,399 31,438 56,793 57,574 67,017 23,093 15,543 21,048 36,652 75,455 U.S. Treasury (1) 744,179 38,074 295,093 26,399 31,438 56,793 57,574 67,017 23,093 15,543 21,048 36,652 75,455 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) 472,908 24,195 187,525 16,776 19,978 36,091 36,587 42,588 14,675 9,877 13,376 23,291 47,950 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 32,000 0 32,000 0 0 0 0 0 0 0 0 0 0 Loans 119 0 49 0 0 0 10 18 8 13 19 0 2 Items in process of collection 9,179 426 616 436 792 702 1,769 244 319 255 931 703 1,985 Bank premises 1,849 108 204 53 158 144 271 212 69 119 85 261 165 Other assets(5) 35,768 3,086 13,607 1,082 2,335 4,599 2,002 2,466 851 710 646 929 3,456 Interdistrict settlement account 0 - 3,010 -30,673 + 6,370 + 832 + 7,462 + 4,175 + 1,357 + 7 - 44 + 743 - 3,514 +16,295 Total Assets 837,027 39,339 316,173 34,896 36,169 70,744 67,007 72,528 24,777 16,860 23,921 35,748 98,864 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 December 7, 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 902,011 39,398 329,069 37,535 36,598 69,461 81,305 76,732 26,299 17,711 26,903 50,210 110,788 Less: notes held by F.R. Banks 158,515 4,915 44,640 6,631 5,580 12,603 21,548 11,109 3,580 2,745 5,472 17,855 21,836 Federal Reserve notes, net 743,496 34,483 284,429 30,904 31,018 56,859 59,757 65,624 22,718 14,966 21,431 32,356 88,951 Reverse repurchase agreements (1) 27,792 1,422 11,020 986 1,174 2,121 2,150 2,503 862 580 786 1,369 2,818 Deposits 25,626 836 10,692 807 1,027 3,678 2,005 1,858 476 280 660 780 2,527 Depository institutions 20,188 829 5,399 806 1,023 3,568 2,002 1,855 466 279 659 779 2,522 U.S. Treasury, general account 5,076 0 5,076 0 0 0 0 0 0 0 0 0 0 Foreign official 81 5 53 1 4 7 2 3 1 1 1 0 4 Other 281 2 165 0 0 102 1 0 9 0 1 0 0 Deferred availability cash items 8,180 701 1,005 635 646 575 938 379 174 412 549 704 1,463 Other liabilities and accrued dividends (2) 4,335 220 1,474 176 220 502 344 383 153 118 135 211 398 Total liabilities 809,428 37,662 308,621 33,507 34,085 63,735 65,193 70,747 24,384 16,355 23,561 35,420 96,158 Capital Capital paid in 13,523 316 3,684 744 1,010 3,942 890 876 143 245 175 153 1,346 Surplus 11,630 1,353 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 2,446 9 439 351 9 918 408 142 14 5 32 41 78 Total liabilities and capital 837,027 39,339 316,173 34,896 36,169 70,744 67,007 72,528 24,777 16,860 23,921 35,748 98,864 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 Dec 7, 2005 Federal Reserve notes outstanding 902,011 Less: Notes held by F.R. Banks not subject to collateralization 158,515 Federal Reserve Notes to be collateralized 743,496 Collateral held against Federal Reserve notes 743,496 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 730,259 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 776,179 Less:face value of securities under reverse repurchase agreements 27,826 U.S. Treasury and agency securities eligible to be pledged 748,353 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.