FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 23, 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 Feb 22, 2006 Feb 15, 2006 Feb 23, 2005 Feb 22, 2006 Federal Reserve Banks Reserve Bank Credit 815,809 - 30 + 35,041 821,538 Securities held outright 751,487 + 862 + 33,642 752,549 U.S. Treasury (1) 751,487 + 862 + 33,642 752,549 Bills (2) 274,142 + 711 + 11,137 274,142 Notes and bonds, nominal (2) 452,009 + 179 + 18,580 453,078 Notes and bonds, inflation-indexed (2) 22,196 0 + 3,088 22,196 Inflation compensation (3) 3,141 - 27 + 838 3,133 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 27,536 + 3,179 + 3,572 29,000 Loans to depository institutions 45 - 53 + 24 103 Primary credit 5 - 61 0 14 Secondary credit 8 + 8 + 8 59 Seasonal credit 32 0 + 16 30 Float -475 - 1,055 - 156 2,527 Other Federal Reserve assets 37,216 - 2,963 - 2,040 37,358 Gold stock 11,044 0 + 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,638 + 14 + 120 36,638 Total factors supplying reserve funds 865,691 - 16 + 35,163 871,419 Currency in circulation(5) 788,615 + 2,600 + 35,372 788,940 Reverse repurchase agreements (6) 23,786 + 1,390 - 71 24,510 Foreign official and international accounts 23,786 + 1,390 - 71 24,510 Dealers 0 0 0 0 Treasury cash holdings 191 - 7 - 78 185 Deposits with F.R.Banks, other than reserve balances 13,373 - 672 - 924 12,693 U.S. Treasury, general account 5,005 - 219 - 245 4,334 Foreign official 84 - 7 + 3 88 Service-related 8,015 - 456 - 654 8,015 Required clearing balances 8,015 - 456 - 654 8,015 Adjustments to compensate for float 0 0 0 0 Other 269 + 10 - 27 257 Other liabilities and capital 32,014 + 224 + 4,579 31,739 Total factors, other than reserve balances, absorbing reserve funds 857,979 + 3,536 + 38,878 858,067 Reserve balances with Federal Reserve Banks 7,712 - 3,552 - 3,715 13,352 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,572,360 + 15,648 + 207,655 1,575,902 U.S. Treasury 1,124,600 + 13,325 + 47,243 1,127,880 Federal agency 447,759 + 2,322 + 160,412 448,023 Securities lent to dealers 2,067 + 732 - 899 4,685 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 Feb 22, 2006 Feb 15, 2006 Feb 23, 2005 Assets Gold certificate account 11,040 0 + 2 Special drawing rights certificate account 2,200 0 0 Coin 841 - 5 + 31 Securities, repurchase agreements, and loans 781,652 + 112 + 38,538 Securities held outright 752,549 + 1,222 + 34,710 U.S. Treasury (1) 752,549 + 1,222 + 34,710 Bills (2) 274,142 0 + 11,137 Notes and bonds, nominal (2) 453,078 + 1,248 + 19,649 Notes and bonds, inflation-indexed (2) 22,196 0 + 3,088 Inflation compensation (3) 3,133 - 25 + 836 Federal agency (2) 0 0 0 Repurchase agreements (4) 29,000 - 750 + 3,750 Loans 103 - 361 + 79 Items in process of collection (1,824) 10,442 + 4,898 + 787 Bank premises 1,820 0 + 36 Other assets (5) 35,541 + 336 - 2,130 Total assets (1,824) 843,536 + 5,341 + 37,264 Liabilities Federal Reserve notes net of FR Bank holdings 753,325 + 1,067 + 34,954 Reverse repurchase agreements (6) 24,510 + 1,815 + 1,036 Deposits (0) 26,048 + 530 - 2,297 Depository institutions 21,369 + 1,339 - 2,133 U.S. Treasury, general account 4,334 - 791 - 153 Foreign official 88 - 13 + 7 Other (0) 257 - 5 - 18 Deferred availability cash items (1,824) 7,915 + 1,773 - 866 Other liabilities and accrued dividends (7) 4,326 + 77 + 1,315 Total liabilities (1,824) 816,123 + 5,262 + 34,141 Capital Accounts Capital paid in 13,716 + 1 + 1,208 Surplus 12,901 0 + 1,787 Other capital accounts 796 + 78 + 128 Total capital 27,413 + 79 + 3,123 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, February 22, 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 103 57,558 - 281 0 0 29,000 24,510 16 days to 90 days 0 166,743 + 249 0 0 0 0 91 days to 1 year 0 180,550 + 30 0 0 ------ ------ Over 1 to 5 years ------ 213,888 + 1,240 0 0 ------ ------ Over 5 to 10 years ------ 54,931 + 1,875 0 0 ------ ------ Over 10 years ------ 78,879 - 1,890 0 0 ------ ------ All 103 752,549 + 1,222 0 0 29,000 24,510 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 February 22, 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 11,040 510 4,358 432 453 836 945 928 327 212 318 549 1,172 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 841 37 70 48 66 83 107 98 49 28 73 73 109 Securities, repurchase agreements, and loans 781,652 38,511 327,471 26,696 31,791 57,432 58,221 67,786 23,352 15,721 21,289 37,064 76,316 Securities held outright 752,549 38,503 298,412 26,696 31,791 57,432 58,221 67,771 23,352 15,717 21,285 37,064 76,304 U.S. Treasury (1) 752,549 38,503 298,412 26,696 31,791 57,432 58,221 67,771 23,352 15,717 21,285 37,064 76,304 Bills (2) 274,142 14,026 108,707 9,725 11,581 20,922 21,209 24,688 8,507 5,726 7,754 13,502 27,796 Notes and bonds(3) 478,407 24,477 189,705 16,971 20,210 36,510 37,012 43,083 14,845 9,992 13,531 23,562 48,507 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 29,000 0 29,000 0 0 0 0 0 0 0 0 0 0 Loans 103 8 59 0 0 0 0 15 0 4 4 0 13 Items in process of collection 12,267 554 746 653 1,775 584 2,882 768 401 405 970 840 1,689 Bank premises 1,820 112 206 53 157 152 232 211 70 119 88 260 159 Other assets(5) 35,541 1,155 13,243 1,579 2,097 6,388 2,395 2,469 685 655 642 913 3,321 Interdistrict settlement account 0 - 3,146 -38,318 + 5,762 + 245 +11,426 +10,073 - 1,587 + 1,336 - 277 + 2,085 - 3,259 +15,658 Total Assets 845,361 37,848 308,651 35,306 36,689 77,049 75,021 70,885 26,292 16,893 25,532 36,538 98,658 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 February 22, 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 910,875 38,936 325,775 38,427 36,800 72,862 88,232 77,016 27,805 17,668 27,668 49,842 109,844 Less: notes held by F.R. Banks 157,550 4,955 46,778 7,053 5,166 11,933 20,753 12,503 3,643 2,700 4,729 16,461 20,876 Federal Reserve notes, net 753,325 33,981 278,997 31,374 31,634 60,929 67,479 64,512 24,162 14,968 22,939 33,380 88,968 Reverse repurchase agreements (1) 24,510 1,254 9,719 869 1,035 1,871 1,896 2,207 761 512 693 1,207 2,485 Deposits 26,048 802 9,701 541 992 5,575 2,136 1,294 523 324 651 838 2,672 Depository institutions 21,369 793 5,135 539 987 5,493 2,133 1,290 520 323 650 838 2,668 U.S. Treasury, general account 4,334 0 4,334 0 0 0 0 0 0 0 0 0 0 Foreign official 88 1 59 2 3 11 3 3 0 1 1 0 4 Other 257 7 173 0 1 71 0 1 2 0 1 0 0 Deferred availability cash items 9,739 904 1,096 830 769 814 1,139 659 382 470 740 561 1,374 Other liabilities and accrued dividends (2) 4,326 231 1,516 176 208 392 360 402 158 120 137 218 407 Total liabilities 817,948 37,172 301,029 33,790 34,639 69,580 73,011 69,074 25,986 16,395 25,160 36,205 95,906 Capital Capital paid in 13,716 323 3,693 750 1,014 3,946 1,035 884 144 243 178 153 1,351 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 796 35 243 22 22 216 82 50 18 9 19 27 52 Total liabilities and capital 845,361 37,848 308,651 35,306 36,689 77,049 75,021 70,885 26,292 16,893 25,532 36,538 98,658 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 Feb 22, 2006 Federal Reserve notes outstanding 910,875 Less: Notes held by F.R. Banks not subject to collateralization 157,550 Federal Reserve Notes to be collateralized 753,325 Collateral held against Federal Reserve notes 753,325 Gold certificate account 11,040 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 740,085 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 781,549 Less:face value of securities under reverse repurchase agreements 24,540 U.S. Treasury and agency securities eligible to be pledged 757,009 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.