FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks December 29, 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 28, 2005 Dec 21, 2005 Dec 29, 2004 Dec 28, 2005 Federal Reserve Banks Reserve Bank Credit 826,403 + 9,225 + 35,782 829,782 Securities held outright 744,207 + 11 + 26,480 744,210 U.S. Treasury (1) 744,207 + 11 + 26,480 744,210 Bills (2) 271,270 0 + 8,378 271,270 Notes and bonds, nominal (2) 449,595 0 + 13,166 449,595 Notes and bonds, inflation-indexed (2) 19,983 0 + 3,875 19,983 Inflation compensation (3) 3,358 + 11 + 1,060 3,362 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 42,179 + 10,215 + 11,108 45,250 Loans to depository institutions 125 - 312 + 71 114 Primary credit 51 - 314 + 42 41 Secondary credit 0 0 0 0 Seasonal credit 74 + 2 + 29 73 Float 813 - 998 - 1,687 1,053 Other Federal Reserve assets 39,080 + 310 - 188 39,154 Gold stock 11,041 0 - 3 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 876,185 + 9,239 + 35,886 879,563 Currency in circulation(5) 792,056 + 8,256 + 35,156 794,900 Reverse repurchase agreements (6) 28,577 + 1,740 - 1,555 30,372 Foreign official and international accounts 28,577 + 1,740 - 1,555 30,372 Dealers 0 0 0 0 Treasury cash holdings 203 + 4 - 65 203 Deposits with F.R.Banks, other than reserve balances 13,905 - 810 - 1,010 13,270 U.S. Treasury, general account 4,853 - 549 + 222 4,243 Foreign official 84 - 55 + 4 85 Service-related 8,666 - 159 - 1,302 8,666 Required clearing balances 8,653 - 156 - 1,315 8,653 Adjustments to compensate for float 13 - 3 + 13 13 Other 303 - 46 + 66 276 Other liabilities and capital 32,649 - 356 + 6,030 32,433 Total factors, other than reserve balances, absorbing reserve funds 867,390 + 8,834 + 38,556 871,179 Reserve balances with Federal Reserve Banks 8,795 + 405 - 2,669 8,384 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,519,063 + 4,785 + 183,283 1,522,015 U.S. Treasury 1,099,734 - 1,971 + 37,525 1,100,594 Federal agency 419,329 + 6,756 + 145,758 421,421 Securities lent to dealers 1,296 - 3,959 - 754 1,490 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 28, 2005 Dec 21, 2005 Dec 29, 2004 Assets Gold certificate account 11,037 0 - 4 Special drawing rights certificate account 2,200 0 0 Coin 688 - 16 - 29 Securities, repurchase agreements, and loans 789,574 + 299 + 38,704 Securities held outright 744,210 + 10 + 26,397 U.S. Treasury (1) 744,210 + 10 + 26,397 Bills (2) 271,270 0 + 8,300 Notes and bonds, nominal (2) 449,595 0 + 13,166 Notes and bonds, inflation-indexed (2) 19,983 0 + 3,875 Inflation compensation (3) 3,362 + 11 + 1,056 Federal agency (2) 0 0 0 Repurchase agreements (4) 45,250 + 250 + 12,250 Loans 114 + 39 + 57 Items in process of collection (1,209) 7,750 - 1,367 + 1,646 Bank premises 1,826 - 30 + 39 Other assets (5) 37,339 + 497 - 2,420 Total assets (1,209) 850,414 - 616 + 37,936 Liabilities Federal Reserve notes net of FR Bank holdings 759,246 + 6,277 + 36,342 Reverse repurchase agreements (6) 30,372 + 3,610 + 434 Deposits (0) 21,666 - 10,395 - 5,810 Depository institutions 17,062 - 9,343 - 4,371 U.S. Treasury, general account 4,243 - 1,047 - 1,491 Foreign official 85 - 1 - 2 Other (0) 276 - 4 + 55 Deferred availability cash items (1,209) 6,697 - 406 + 1,063 Other liabilities and accrued dividends (7) 4,419 + 65 + 1,226 Total liabilities (1,209) 822,400 - 849 + 33,255 Capital Accounts Capital paid in 13,536 0 + 1,895 Surplus 11,630 + 1 + 2,783 Other capital accounts 2,849 + 232 + 4 Total capital 28,014 + 233 + 4,681 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 28, 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 114 57,172 + 757 0 0 45,250 30,372 16 days to 90 days 0 155,859 - 847 0 0 0 0 91 days to 1 year 0 186,525 + 89 0 0 ------ ------ Over 1 to 5 years ------ 210,743 + 4 0 0 ------ ------ Over 5 to 10 years ------ 56,698 + 2 0 0 ------ ------ Over 10 years ------ 77,213 + 5 0 0 ------ ------ All 114 744,210 + 10 0 0 45,250 30,372 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 28, 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 688 32 47 35 56 66 90 77 36 22 61 68 97 Securities, repurchase agreements, and loans 789,574 38,076 340,355 26,401 31,439 56,798 57,583 67,041 23,100 15,560 21,067 36,656 75,496 Securities held outright 744,210 38,076 295,105 26,400 31,439 56,796 57,576 67,020 23,094 15,543 21,049 36,653 75,458 U.S. Treasury (1) 744,210 38,076 295,105 26,400 31,439 56,796 57,576 67,020 23,094 15,543 21,049 36,653 75,458 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) 472,940 24,197 187,537 16,777 19,979 36,093 36,589 42,590 14,676 9,878 13,377 23,293 47,953 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 45,250 0 45,250 0 0 0 0 0 0 0 0 0 0 Loans 114 0 0 1 0 3 7 22 6 17 18 3 38 Items in process of collection 8,958 605 583 514 805 418 1,445 790 289 362 818 654 1,677 Bank premises 1,826 111 205 53 157 153 232 215 69 120 85 262 164 Other assets(5) 37,339 3,198 14,214 1,107 2,429 4,746 2,098 2,607 896 744 685 994 3,621 Interdistrict settlement account 0 - 2,948 -47,074 + 6,336 + 1,956 + 7,790 +10,286 + 2,797 + 2,127 + 160 + 2,345 - 2,706 +18,932 Total Assets 851,623 39,699 313,559 34,961 37,400 70,954 72,845 74,667 26,914 17,210 25,444 36,576 101,392 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 28, 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 907,100 39,165 327,895 37,348 36,595 69,845 84,156 77,022 28,125 17,921 27,842 50,345 110,841 Less: notes held by F.R. Banks 147,854 4,472 43,472 6,178 5,053 11,873 18,562 10,342 3,460 2,800 4,993 16,997 19,652 Federal Reserve notes, net 759,246 34,692 284,423 31,170 31,541 57,972 65,593 66,680 24,665 15,122 22,849 33,349 91,188 Reverse repurchase agreements (1) 30,372 1,554 12,044 1,077 1,283 2,318 2,350 2,735 942 634 859 1,496 3,080 Deposits 21,666 784 7,092 569 1,657 2,394 1,893 2,527 556 361 634 734 2,464 Depository institutions 17,062 778 2,622 567 1,649 2,293 1,891 2,523 553 360 632 733 2,459 U.S. Treasury, general account 4,243 0 4,243 0 0 0 0 0 0 0 0 0 0 Foreign official 85 5 57 1 4 7 2 3 1 1 1 0 4 Other 276 0 170 0 5 95 0 1 2 0 1 1 0 Deferred availability cash items 7,905 747 852 508 583 579 879 527 208 464 602 455 1,502 Other liabilities and accrued dividends (2) 4,419 226 1,496 181 230 513 348 396 156 119 136 211 407 Total liabilities 823,609 38,003 305,907 33,505 35,294 63,776 71,062 72,865 26,528 16,700 25,080 36,246 98,641 Capital Capital paid in 13,536 317 3,685 744 1,013 3,942 892 876 144 245 175 153 1,349 Surplus 11,630 1,353 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 2,849 27 537 418 28 1,087 375 162 6 10 36 43 120 Total liabilities and capital 851,623 39,699 313,559 34,961 37,400 70,954 72,845 74,667 26,914 17,210 25,444 36,576 101,392 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 28, 2005 Federal Reserve notes outstanding 907,100 Less: Notes held by F.R. Banks not subject to collateralization 147,854 Federal Reserve Notes to be collateralized 759,246 Collateral held against Federal Reserve notes 759,246 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 746,009 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 789,460 Less:face value of securities under reverse repurchase agreements 30,401 U.S. Treasury and agency securities eligible to be pledged 759,059 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.