FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks January 26, 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 Jan 25, 2006 Jan 18, 2006 Jan 26, 2005 Jan 25, 2006 Federal Reserve Banks Reserve Bank Credit 811,962 - 4,476 + 31,409 811,284 Securities held outright 745,928 + 409 + 28,101 746,588 U.S. Treasury (1) 745,928 + 409 + 28,101 746,588 Bills (2) 272,834 + 179 + 9,864 272,834 Notes and bonds, nominal (2) 449,389 + 271 + 12,960 450,065 Notes and bonds, inflation-indexed (2) 20,431 0 + 4,323 20,431 Inflation compensation (3) 3,274 - 41 + 955 3,258 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 25,643 - 3,928 + 3,750 25,000 Loans to depository institutions 39 - 282 - 38 30 Primary credit 10 - 282 - 45 2 Secondary credit 0 0 0 0 Seasonal credit 28 - 1 + 6 28 Float 113 - 733 - 1,042 -777 Other Federal Reserve assets 40,239 + 58 + 637 40,443 Gold stock 11,043 0 - 2 11,043 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,652 + 14 + 218 36,652 Total factors supplying reserve funds 861,857 - 4,462 + 31,625 861,180 Currency in circulation(5) 782,175 - 2,767 + 35,299 782,123 Reverse repurchase agreements (6) 23,576 - 993 - 3,877 21,691 Foreign official and international accounts 23,576 - 993 - 3,877 21,691 Dealers 0 0 0 0 Treasury cash holdings 209 - 1 - 83 216 Deposits with F.R.Banks, other than reserve balances 14,466 - 84 - 144 14,420 U.S. Treasury, general account 5,314 + 504 + 62 5,266 Foreign official 82 - 6 - 1 81 Service-related 8,698 - 676 - 247 8,698 Required clearing balances 8,698 - 676 - 245 8,698 Adjustments to compensate for float 0 0 - 2 0 Other 372 + 94 + 42 374 Other liabilities and capital 31,429 + 9 + 5,195 31,272 Total factors, other than reserve balances, absorbing reserve funds 851,856 - 3,836 + 36,391 849,722 Reserve balances with Federal Reserve Banks 10,001 - 626 - 4,767 11,457 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,536,870 + 4,159 + 189,500 1,541,330 U.S. Treasury 1,104,324 + 3,000 + 34,276 1,103,406 Federal agency 432,546 + 1,160 + 155,224 437,924 Securities lent to dealers 2,271 + 573 + 1,067 2,916 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 Jan 25, 2006 Jan 18, 2006 Jan 26, 2005 Assets Gold certificate account 11,039 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 770 + 41 - 15 Securities, repurchase agreements, and loans 771,618 + 627 + 24,972 Securities held outright 746,588 + 903 + 28,761 U.S. Treasury (1) 746,588 + 903 + 28,761 Bills (2) 272,834 0 + 9,864 Notes and bonds, nominal (2) 450,065 + 947 + 13,636 Notes and bonds, inflation-indexed (2) 20,431 0 + 4,323 Inflation compensation (3) 3,258 - 44 + 938 Federal agency (2) 0 0 0 Repurchase agreements (4) 25,000 + 1,750 - 3,750 Loans 30 - 2,026 - 39 Items in process of collection (1,199) 5,586 - 8,360 - 618 Bank premises 1,823 + 1 + 45 Other assets (5) 38,622 + 574 - 1,587 Total assets (1,199) 831,659 - 7,116 + 22,797 Liabilities Federal Reserve notes net of FR Bank holdings 746,453 - 2,719 + 34,461 Reverse repurchase agreements (6) 21,691 - 3,038 - 9,383 Deposits (0) 25,845 + 1,210 - 7,523 Depository institutions 20,123 + 1,292 - 7,735 U.S. Treasury, general account 5,266 - 163 + 149 Foreign official 81 + 3 + 5 Other (0) 374 + 76 + 57 Deferred availability cash items (1,199) 6,398 - 2,933 + 238 Other liabilities and accrued dividends (7) 4,036 + 85 + 1,200 Total liabilities (1,199) 804,424 - 7,394 + 18,995 Capital Accounts Capital paid in 13,551 + 3 + 1,531 Surplus 12,901 - 15 + 1,907 Other capital accounts 783 + 290 + 363 Total capital 27,235 + 278 + 3,802 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, January 25, 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 30 59,347 + 541 0 0 25,000 21,691 16 days to 90 days 0 156,150 - 594 0 0 0 0 91 days to 1 year 0 188,864 + 48 0 0 ------ ------ Over 1 to 5 years ------ 208,279 - 14 0 0 ------ ------ Over 5 to 10 years ------ 56,577 + 815 0 0 ------ ------ Over 10 years ------ 77,371 + 107 0 0 ------ ------ All 30 746,588 + 903 0 0 25,000 21,691 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 January 25, 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 11,039 510 4,357 432 453 836 945 928 327 212 318 549 1,172 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 770 33 55 38 60 83 103 91 46 28 66 71 97 Securities, repurchase agreements, and loans 771,618 38,203 321,048 26,485 31,540 56,978 57,760 67,250 23,168 15,596 21,120 36,771 75,700 Securities held outright 746,588 38,198 296,048 26,485 31,540 56,977 57,760 67,234 23,167 15,593 21,117 36,771 75,699 U.S. Treasury (1) 746,588 38,198 296,048 26,485 31,540 56,977 57,760 67,234 23,167 15,593 21,117 36,771 75,699 Bills (2) 272,834 13,959 108,188 9,679 11,526 20,822 21,108 24,570 8,466 5,698 7,717 13,437 27,664 Notes and bonds(3) 473,755 24,239 187,860 16,806 20,014 36,155 36,652 42,664 14,701 9,895 13,400 23,333 48,036 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 25,000 0 25,000 0 0 0 0 0 0 0 0 0 0 Loans 30 5 0 0 0 1 0 16 1 3 4 0 1 Items in process of collection 6,785 429 492 316 570 382 1,356 185 279 253 607 543 1,373 Bank premises 1,823 112 206 53 157 153 232 211 70 119 84 261 165 Other assets(5) 38,622 3,307 14,635 1,154 2,511 4,928 2,171 2,705 933 773 712 1,041 3,753 Interdistrict settlement account 0 - 5,249 -33,621 + 5,381 + 600 + 7,196 +11,451 + 161 + 1,219 - 426 + 1,702 - 3,731 +15,317 Total Assets 832,858 37,460 308,046 33,943 35,995 70,701 74,184 71,743 26,112 16,584 24,676 35,603 97,811 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 January 25, 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 910,139 39,117 326,489 37,372 36,299 70,899 88,632 77,393 28,001 17,798 27,735 50,014 110,391 Less: notes held by F.R. Banks 163,686 5,057 47,986 7,378 5,698 12,665 21,339 12,378 3,872 2,961 5,409 17,401 21,542 Federal Reserve notes, net 746,453 34,059 278,503 29,994 30,601 58,234 67,293 65,014 24,129 14,837 22,326 32,614 88,849 Reverse repurchase agreements (1) 21,691 1,110 8,601 769 916 1,655 1,678 1,953 673 453 614 1,068 2,199 Deposits 25,845 825 10,978 832 1,633 2,363 1,951 2,170 651 331 695 965 2,450 Depository institutions 20,123 820 5,480 831 1,628 2,255 1,949 2,167 560 330 694 963 2,446 U.S. Treasury, general account 5,266 0 5,266 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 374 0 178 0 1 100 0 1 91 0 1 1 0 Deferred availability cash items 7,596 565 918 672 587 669 1,088 404 203 351 543 417 1,178 Other liabilities and accrued dividends (2) 4,036 222 1,415 168 196 355 336 378 150 111 131 207 368 Total liabilities 805,622 36,781 300,415 32,435 33,934 63,276 72,347 69,921 25,807 16,083 24,309 35,271 95,044 Capital Capital paid in 13,551 317 3,688 744 1,014 3,943 893 884 144 243 175 153 1,352 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 783 44 258 20 34 175 52 62 18 12 16 26 66 Total liabilities and capital 832,858 37,460 308,046 33,943 35,995 70,701 74,184 71,743 26,112 16,584 24,676 35,603 97,811 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 Jan 25, 2006 Federal Reserve notes outstanding 910,139 Less: Notes held by F.R. Banks not subject to collateralization 163,686 Federal Reserve Notes to be collateralized 746,453 Collateral held against Federal Reserve notes 746,453 Gold certificate account 11,039 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 733,214 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 771,588 Less:face value of securities under reverse repurchase agreements 21,714 U.S. Treasury and agency securities eligible to be pledged 749,875 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.