FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 22, 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 Jun 21, 2006 Jun 14, 2006 Jun 22, 2005 Jun 21, 2006 Federal Reserve Banks Reserve Bank Credit 825,872 + 1,128 + 38,018 828,983 Securities held outright 766,278 + 992 + 40,369 766,297 U.S. Treasury (1) 766,278 + 992 + 40,369 766,297 Bills (2) 275,370 0 + 10,355 275,370 Notes and bonds, nominal (2) 464,580 + 940 + 25,902 464,580 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,173 22,646 Inflation compensation (3) 3,682 + 52 + 939 3,701 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 18,571 - 1,143 - 3,715 22,250 Loans to depository institutions 268 + 37 + 88 271 Primary credit 16 + 2 - 6 11 Secondary credit 0 0 0 0 Seasonal credit 252 + 35 + 94 260 Float 818 + 1,028 + 1,048 -3 Other Federal Reserve assets 39,936 + 213 + 226 40,168 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,034 + 14 + 1,447 38,034 Total factors supplying reserve funds 877,147 + 1,142 + 39,465 880,258 Currency in circulation(5) 793,093 - 1,422 + 34,109 794,048 Reverse repurchase agreements (6) 26,519 + 2,209 + 3,102 25,677 Foreign official and international accounts 26,519 + 2,209 + 3,102 25,677 Dealers 0 0 0 0 Treasury cash holdings 204 - 1 - 64 196 Deposits with F.R.Banks, other than reserve balances 12,659 + 31 - 1,282 13,027 U.S. Treasury, general account 5,007 + 37 + 25 5,385 Foreign official 93 + 7 - 3 87 Service-related 7,317 - 1 - 1,288 7,317 Required clearing balances 7,317 - 1 - 1,288 7,317 Adjustments to compensate for float 0 0 0 0 Other 242 - 12 - 16 238 Other liabilities and capital 34,941 + 126 + 5,437 34,812 Total factors, other than reserve balances, absorbing reserve funds 867,415 + 943 + 41,301 867,760 Reserve balances with Federal Reserve Banks 9,731 + 198 - 1,837 12,497 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,637,445 + 4,644 + 200,898 1,640,513 U.S. Treasury 1,125,504 + 1,788 + 33,906 1,126,316 Federal agency 511,941 + 2,856 + 166,993 514,197 Securities lent to dealers 1,873 + 230 - 2,220 1,901 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 Jun 21, 2006 Jun 14, 2006 Jun 22, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 729 + 7 + 87 Securities, repurchase agreements, and loans 788,818 - 1,921 + 36,384 Securities held outright 766,297 + 52 + 40,310 U.S. Treasury (1) 766,297 + 52 + 40,310 Bills (2) 275,370 0 + 10,355 Notes and bonds, nominal (2) 464,580 0 + 25,902 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,113 Inflation compensation (3) 3,701 + 52 + 941 Federal agency (2) 0 0 0 Repurchase agreements (4) 22,250 - 2,000 - 4,000 Loans 271 + 26 + 74 Items in process of collection (1,167) 5,430 + 562 - 389 Bank premises 1,854 + 2 + 25 Other assets (5) 38,150 + 267 - 293 Total assets (1,167) 848,217 - 1,084 + 35,815 Liabilities Federal Reserve notes net of FR Bank holdings 756,935 - 1,168 + 32,607 Reverse repurchase agreements (6) 25,677 - 325 + 2,315 Deposits (0) 25,360 + 188 - 3,752 Depository institutions 19,651 - 727 - 4,011 U.S. Treasury, general account 5,385 + 917 + 286 Foreign official 87 + 3 + 3 Other (0) 238 - 4 - 29 Deferred availability cash items (1,167) 5,432 - 45 - 742 Other liabilities and accrued dividends (7) 5,102 - 16 + 1,549 Total liabilities (1,167) 818,508 - 1,365 + 31,980 Capital Accounts Capital paid in 14,966 + 1 + 2,031 Surplus 12,901 0 + 1,450 Other capital accounts 1,843 + 281 + 355 Total capital 29,710 + 282 + 3,836 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, June 21, 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 255 63,220 + 6,880 0 0 22,250 25,677 16 days to 90 days 15 171,044 - 5,924 0 0 0 0 91 days to 1 year 0 177,012 - 951 0 0 ------ ------ Over 1 to 5 years ------ 215,966 + 16 0 0 ------ ------ Over 5 to 10 years ------ 60,704 + 8 0 0 ------ ------ Over 10 years ------ 78,352 + 24 0 0 ------ ------ All 271 766,297 + 52 0 0 22,250 25,677 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 June 21, 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 11,037 486 4,139 463 446 853 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 729 32 44 32 69 66 91 78 32 35 64 64 120 Securities, repurchase agreements, and loans 788,818 36,574 305,877 33,269 33,088 63,656 64,163 70,450 24,378 15,660 22,469 34,393 84,841 Securities held outright 766,297 36,566 283,627 33,269 33,088 63,656 64,152 70,361 24,347 15,578 22,439 34,391 84,822 U.S. Treasury (1) 766,297 36,566 283,627 33,269 33,088 63,656 64,152 70,361 24,347 15,578 22,439 34,391 84,822 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) 490,927 23,426 181,705 21,314 21,198 40,781 41,099 45,077 15,598 9,980 14,375 22,032 54,341 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 22,250 0 22,250 0 0 0 0 0 0 0 0 0 0 Loans 271 7 0 0 0 0 11 88 31 82 30 2 19 Items in process of collection 6,596 350 549 390 697 686 794 398 198 320 491 432 1,292 Bank premises 1,854 113 205 57 157 154 231 209 71 118 110 260 169 Other assets(5) 38,150 1,213 13,787 1,834 2,250 6,888 2,677 2,705 740 695 714 939 3,708 Interdistrict settlement account 0 - 1,357 + 2,191 + 1,432 - 818 + 3,171 + 2,870 - 7,757 - 489 - 247 + 1,505 - 2,446 + 1,944 Total Assets 849,384 37,525 327,666 37,561 35,994 75,621 72,015 67,241 25,328 16,823 25,744 34,314 93,550 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 June 21, 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 927,275 38,162 345,902 39,702 37,031 73,583 90,156 74,283 27,465 17,306 27,205 49,196 107,283 Less: notes held by F.R. Banks 170,340 3,970 49,343 7,410 6,356 12,996 25,658 13,701 4,119 2,278 3,840 17,977 22,691 Federal Reserve notes, net 756,935 34,192 296,559 32,292 30,675 60,587 64,498 60,581 23,346 15,028 23,365 31,219 84,592 Reverse repurchase agreements (1) 25,677 1,225 9,504 1,115 1,109 2,133 2,150 2,358 816 522 752 1,152 2,842 Deposits 25,360 600 11,513 761 1,398 3,747 1,831 1,672 485 321 600 675 1,755 Depository institutions 19,651 598 5,901 759 1,394 3,661 1,847 1,669 478 320 598 674 1,751 U.S. Treasury, general account 5,385 0 5,385 0 0 0 0 0 0 0 0 0 0 Foreign official 87 1 58 2 3 11 3 3 0 1 1 0 4 Other 238 1 169 0 1 75 -19 0 7 0 2 0 0 Deferred availability cash items 6,599 465 775 547 480 542 904 297 169 318 492 592 1,017 Other liabilities and accrued dividends (2) 5,102 249 1,679 263 252 539 432 462 182 133 166 232 512 Total liabilities 819,674 36,731 320,031 34,979 33,915 67,549 69,815 65,371 24,999 16,322 25,375 33,871 90,719 Capital Capital paid in 14,966 382 3,672 1,744 1,024 4,015 1,069 904 155 243 175 207 1,377 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 1,843 96 279 93 42 750 239 91 30 13 20 84 105 Total liabilities and capital 849,384 37,525 327,666 37,561 35,994 75,621 72,015 67,241 25,328 16,823 25,744 34,314 93,550 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 Jun 21, 2006 Federal Reserve notes outstanding 927,275 Less: Notes held by F.R. Banks not subject to collateralization 170,340 Federal Reserve Notes to be collateralized 756,935 Collateral held against Federal Reserve notes 756,935 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 743,699 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 788,547 Less:face value of securities under reverse repurchase agreements 25,711 U.S. Treasury and agency securities eligible to be pledged 762,836 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.