FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 20, 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 Apr 19, 2006 Apr 12, 2006 Apr 20, 2005 Apr 19, 2006 Federal Reserve Banks Reserve Bank Credit 823,734 + 5,857 + 38,111 819,128 Securities held outright 758,571 + 12 + 41,173 758,575 U.S. Treasury (1) 758,571 + 12 + 41,173 758,575 Bills (2) 275,370 0 + 12,365 275,370 Notes and bonds, nominal (2) 457,177 0 + 24,292 457,177 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,538 22,646 Inflation compensation (3) 3,378 + 13 + 978 3,382 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 26,321 + 6,857 - 1,143 21,250 Loans to depository institutions 87 - 513 + 2 88 Primary credit 3 - 523 - 2 8 Secondary credit 0 0 0 0 Seasonal credit 84 + 10 + 4 80 Float -1,244 - 851 - 770 -893 Other Federal Reserve assets 39,999 + 352 - 1,151 40,108 Gold stock 11,043 0 + 2 11,043 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,693 + 14 + 148 36,693 Total factors supplying reserve funds 873,671 + 5,872 + 38,261 869,065 Currency in circulation(5) 789,936 + 432 + 36,573 790,970 Reverse repurchase agreements (6) 25,410 + 1,764 + 1,641 24,729 Foreign official and international accounts 25,410 + 1,764 + 1,641 24,729 Dealers 0 0 0 0 Treasury cash holdings 208 + 8 - 61 202 Deposits with F.R.Banks, other than reserve balances 12,997 - 234 - 1,041 13,218 U.S. Treasury, general account 4,999 - 127 - 202 5,245 Foreign official 83 - 3 - 19 85 Service-related 7,608 - 121 - 818 7,608 Required clearing balances 7,608 - 121 - 818 7,608 Adjustments to compensate for float 0 0 0 0 Other 308 + 18 - 3 281 Other liabilities and capital 33,021 + 20 + 4,378 32,964 Total factors, other than reserve balances, absorbing reserve funds 861,573 + 1,991 + 41,491 862,084 Reserve balances with Federal Reserve Banks 12,098 + 3,881 - 3,230 6,981 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,604,704 + 12,328 + 215,696 1,607,334 U.S. Treasury 1,130,330 + 5,668 + 55,689 1,129,993 Federal agency 474,374 + 6,661 + 160,007 477,341 Securities lent to dealers 737 - 355 - 148 1,023 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 Apr 19, 2006 Apr 12, 2006 Apr 20, 2005 Assets Gold certificate account 11,039 0 + 2 Special drawing rights certificate account 2,200 0 0 Coin 801 + 3 + 85 Securities, repurchase agreements, and loans 779,913 - 1,155 + 38,666 Securities held outright 758,575 + 12 + 41,166 U.S. Treasury (1) 758,575 + 12 + 41,166 Bills (2) 275,370 0 + 12,365 Notes and bonds, nominal (2) 457,177 0 + 24,292 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,538 Inflation compensation (3) 3,382 + 12 + 972 Federal agency (2) 0 0 0 Repurchase agreements (4) 21,250 + 2,500 - 2,500 Loans 88 - 3,667 0 Items in process of collection (1,005) 5,416 + 313 - 1,794 Bank premises 1,833 0 + 28 Other assets (5) 38,269 + 299 - 1,157 Total assets (1,005) 839,471 - 540 + 35,830 Liabilities Federal Reserve notes net of FR Bank holdings 755,276 - 358 + 36,742 Reverse repurchase agreements (6) 24,729 + 713 - 371 Deposits (0) 20,194 - 1,161 - 4,132 Depository institutions 14,583 - 2,063 - 5,241 U.S. Treasury, general account 5,245 + 911 + 1,143 Foreign official 85 - 5 + 1 Other (0) 281 - 4 - 34 Deferred availability cash items (1,005) 6,309 - 146 - 845 Other liabilities and accrued dividends (7) 4,594 - 44 + 1,331 Total liabilities (1,005) 811,101 - 997 + 32,724 Capital Accounts Capital paid in 13,751 - 20 + 1,019 Surplus 12,901 0 + 1,581 Other capital accounts 1,717 + 476 + 505 Total capital 28,370 + 457 + 3,105 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, April 19, 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 84 60,915 + 11,092 0 0 21,250 24,729 16 days to 90 days 4 167,450 - 4,677 0 0 0 0 91 days to 1 year 0 178,998 - 6,414 0 0 ------ ------ Over 1 to 5 years ------ 215,827 + 4 0 0 ------ ------ Over 5 to 10 years ------ 55,382 + 2 0 0 ------ ------ Over 10 years ------ 80,003 + 5 0 0 ------ ------ All 88 758,575 + 12 0 0 21,250 24,729 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 April 19, 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 11,039 486 4,141 463 446 853 1,023 947 328 211 324 575 1,242 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 801 41 65 47 59 70 90 98 45 39 64 71 112 Securities, repurchase agreements, and loans 779,913 36,206 302,019 32,934 32,755 63,015 63,505 69,692 24,107 15,439 22,221 34,046 83,973 Securities held outright 758,575 36,198 280,769 32,934 32,755 63,015 63,505 69,652 24,101 15,421 22,213 34,044 83,967 U.S. Treasury (1) 758,575 36,198 280,769 32,934 32,755 63,015 63,505 69,652 24,101 15,421 22,213 34,044 83,967 Bills (2) 275,370 13,140 101,922 11,955 11,890 22,875 23,053 25,284 8,749 5,598 8,063 12,358 30,481 Notes and bonds(3) 483,205 23,058 178,847 20,979 20,865 40,140 40,452 44,368 15,352 9,823 14,149 21,686 53,486 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 21,250 0 21,250 0 0 0 0 0 0 0 0 0 0 Loans 88 8 0 0 0 0 0 40 6 18 8 2 7 Items in process of collection 6,421 348 366 312 1,026 375 785 351 -16 258 531 882 1,204 Bank premises 1,833 113 205 55 157 153 232 210 69 118 96 259 166 Other assets(5) 38,269 1,231 13,876 1,808 2,240 6,811 2,689 2,728 767 700 725 965 3,730 Interdistrict settlement account 0 - 1,079 - 3,728 + 841 - 251 + 2,875 + 2,435 - 5,003 + 146 + 71 + 1,771 - 2,452 + 4,375 Total Assets 840,477 37,462 317,818 36,542 36,536 74,298 70,926 69,235 25,517 16,866 25,797 34,443 95,037 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 April 19, 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 915,349 38,703 334,073 39,452 36,973 73,531 86,535 75,987 27,696 17,591 27,397 49,169 108,241 Less: notes held by F.R. Banks 160,074 4,687 43,529 6,870 5,857 12,565 22,714 13,117 4,127 2,460 4,020 17,923 22,204 Federal Reserve notes, net 755,276 34,016 290,544 32,582 31,117 60,967 63,821 62,870 23,568 15,131 23,377 31,246 86,037 Reverse repurchase agreements (1) 24,729 1,180 9,153 1,074 1,068 2,054 2,070 2,271 786 503 724 1,110 2,737 Deposits 20,194 848 8,142 445 1,417 2,240 1,625 1,481 526 273 576 763 1,857 Depository institutions 14,583 847 2,670 442 1,413 2,125 1,622 1,478 525 272 575 761 1,853 U.S. Treasury, general account 5,245 0 5,245 0 0 0 0 0 0 0 0 0 0 Foreign official 85 1 56 2 3 11 3 3 0 1 1 0 4 Other 281 0 171 0 1 104 0 0 0 0 1 2 0 Deferred availability cash items 7,314 503 766 706 648 630 846 336 144 331 602 660 1,143 Other liabilities and accrued dividends (2) 4,594 231 1,524 212 227 475 393 417 168 124 149 214 459 Total liabilities 812,107 36,778 310,128 35,019 34,476 66,366 68,756 67,375 25,192 16,362 25,429 33,993 92,234 Capital Capital paid in 13,751 324 3,670 727 1,000 3,949 1,051 896 148 244 173 211 1,358 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 1,717 43 335 51 46 676 227 88 33 16 21 87 95 Total liabilities and capital 840,477 37,462 317,818 36,542 36,536 74,298 70,926 69,235 25,517 16,866 25,797 34,443 95,037 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 Apr 19, 2006 Federal Reserve notes outstanding 915,349 Less: Notes held by F.R. Banks not subject to collateralization 160,074 Federal Reserve Notes to be collateralized 755,276 Collateral held against Federal Reserve notes 755,276 Gold certificate account 11,039 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 742,037 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 779,825 Less:face value of securities under reverse repurchase agreements 24,760 U.S. Treasury and agency securities eligible to be pledged 755,065 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.