FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 12, 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 Oct 11, 2006 Oct 4, 2006 Oct 12, 2005 Oct 11, 2006 Federal Reserve Banks Reserve Bank Credit 831,100 + 1,539 + 29,732 842,605 Securities held outright 768,941 + 15 + 31,281 768,945 U.S. Treasury (1) 768,941 + 15 + 31,281 768,945 Bills (2) 277,019 0 + 7,191 277,019 Notes and bonds, nominal (2) 461,791 0 + 16,901 461,791 Notes and bonds, inflation-indexed (2) 26,019 0 + 6,036 26,019 Inflation compensation (3) 4,113 + 15 + 1,155 4,117 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 22,250 + 1,036 + 107 28,250 Loans to depository institutions 246 - 97 - 23 234 Primary credit 5 - 35 - 4 13 Secondary credit 0 0 0 0 Seasonal credit 242 - 61 - 18 221 Float 42 + 393 - 1,683 4,993 Other Federal Reserve assets 39,621 + 191 + 50 40,183 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,166 + 14 + 1,737 38,166 Total factors supplying reserve funds 882,506 + 1,552 + 31,468 894,012 Currency in circulation(5) 795,842 + 3,988 + 24,700 796,532 Reverse repurchase agreements (6) 29,975 - 523 + 3,874 30,614 Foreign official and international accounts 29,975 - 523 + 3,874 30,614 Dealers 0 0 0 0 Treasury cash holdings 155 + 4 - 66 163 Deposits with F.R.Banks, other than reserve balances 12,566 - 1,450 - 1,464 11,474 U.S. Treasury, general account 5,174 - 1,476 + 387 4,103 Foreign official 90 - 4 + 5 90 Service-related 6,992 - 1 - 1,871 6,992 Required clearing balances 6,992 - 1 - 1,871 6,992 Adjustments to compensate for float 0 0 0 0 Other 310 + 30 + 14 288 Other liabilities and capital 36,048 + 32 + 4,485 35,633 Total factors, other than reserve balances, absorbing reserve funds 874,586 + 2,051 + 31,529 874,415 Reserve balances with Federal Reserve Banks 7,920 - 499 - 61 19,596 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,687,188 + 12,524 + 220,128 1,689,338 U.S. Treasury 1,146,344 + 14,979 + 59,850 1,150,215 Federal agency 540,845 - 2,453 + 160,279 539,123 Securities lent to dealers 1,166 - 443 - 2,707 1,056 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 Oct 11, 2006 Oct 4, 2006 Oct 12, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 836 - 12 + 127 Securities, repurchase agreements, and loans 797,429 + 9,981 + 39,247 Securities held outright 768,945 + 13 + 31,273 U.S. Treasury (1) 768,945 + 13 + 31,273 Bills (2) 277,019 0 + 7,187 Notes and bonds, nominal (2) 461,791 0 + 16,901 Notes and bonds, inflation-indexed (2) 26,019 0 + 6,036 Inflation compensation (3) 4,117 + 13 + 1,151 Federal agency (2) 0 0 0 Repurchase agreements (4) 28,250 + 10,000 + 8,000 Loans 234 - 33 - 26 Items in process of collection (2,028) 11,816 + 6,817 - 5,090 Bank premises 1,901 0 + 62 Other assets (5) 38,102 + 235 + 227 Total assets (2,028) 863,320 + 17,020 + 34,571 Liabilities Federal Reserve notes net of FR Bank holdings 759,361 + 2,268 + 23,310 Reverse repurchase agreements (6) 30,614 + 1,402 + 4,333 Deposits (0) 30,890 + 11,367 + 6,833 Depository institutions 26,408 + 13,533 + 7,992 U.S. Treasury, general account 4,103 - 2,119 - 1,162 Foreign official 90 - 2 + 12 Other (0) 288 - 46 - 9 Deferred availability cash items (2,028) 6,823 + 1,972 - 4,237 Other liabilities and accrued dividends (7) 5,513 + 111 + 1,561 Total liabilities (2,028) 833,200 + 17,120 + 31,798 Capital Accounts Capital paid in 15,077 0 + 1,648 Surplus 12,901 0 + 1,271 Other capital accounts 2,142 - 100 - 146 Total capital 30,120 - 100 + 2,773 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, October 11, 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 53,745 - 889 0 0 28,250 30,614 16 days to 90 days 204 170,639 + 627 0 0 0 0 91 days to 1 year 0 186,943 + 263 0 0 ------ ------ Over 1 to 5 years ------ 215,774 + 4 0 0 ------ ------ Over 5 to 10 years ------ 60,282 + 3 0 0 ------ ------ Over 10 years ------ 81,563 + 6 0 0 ------ ------ All 234 768,945 + 13 0 0 28,250 30,614 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 October 11, 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 836 23 46 57 76 77 109 100 41 29 61 83 133 Securities, repurchase agreements, and loans 797,429 36,696 312,868 33,384 33,203 63,876 64,381 70,682 24,454 15,705 22,549 34,515 85,115 Securities held outright 768,945 36,693 284,608 33,384 33,203 63,876 64,374 70,604 24,431 15,632 22,516 34,509 85,115 U.S. Treasury (1) 768,945 36,693 284,608 33,384 33,203 63,876 64,374 70,604 24,431 15,632 22,516 34,509 85,115 Bills (2) 277,019 13,219 102,532 12,027 11,962 23,012 23,191 25,436 8,801 5,632 8,112 12,432 30,663 Notes and bonds(3) 491,926 23,474 182,075 21,357 21,241 40,864 41,182 45,169 15,629 10,001 14,405 22,077 54,451 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 28,250 0 28,250 0 0 0 0 0 0 0 0 0 0 Loans 234 3 10 0 0 0 8 78 23 73 33 6 0 Items in process of collection 13,844 698 421 1,116 1,340 666 1,581 797 352 382 943 690 4,860 Bank premises 1,901 113 208 57 157 162 230 209 74 117 138 260 176 Other assets(5) 38,102 1,214 13,798 1,803 2,238 6,833 2,710 2,713 742 693 715 946 3,699 Interdistrict settlement account 0 - 1,202 - 1,097 + 772 - 1,212 + 6,125 + 7,591 - 8,511 - 740 - 436 + 1,693 - 2,594 - 389 Total Assets 865,348 38,142 331,256 37,735 36,352 78,738 77,790 67,150 25,322 16,731 26,489 34,573 95,070 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 October 11, 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 935,936 37,926 347,003 38,816 36,812 74,637 94,978 74,926 26,996 17,110 27,707 50,201 108,825 Less: notes held by F.R. Banks 176,575 3,971 52,830 7,608 5,932 12,712 25,299 15,056 3,806 2,586 3,885 18,909 23,980 Federal Reserve notes, net 759,361 33,955 294,172 31,208 30,880 61,925 69,679 59,870 23,190 14,524 23,822 31,291 84,845 Reverse repurchase agreements (1) 30,614 1,461 11,331 1,329 1,322 2,543 2,563 2,811 973 622 896 1,374 3,389 Deposits 30,890 1,005 16,096 905 865 4,681 2,053 1,401 422 433 507 705 1,816 Depository institutions 26,408 1,004 11,772 903 861 4,546 2,050 1,398 421 433 506 704 1,812 U.S. Treasury, general account 4,103 0 4,103 0 0 0 0 0 0 0 0 0 0 Foreign official 90 1 61 2 3 11 3 3 0 1 1 0 4 Other 288 0 160 0 1 125 0 0 0 0 1 0 0 Deferred availability cash items 8,851 646 229 1,115 741 884 822 807 207 470 718 498 1,713 Other liabilities and accrued dividends (2) 5,513 266 1,849 267 270 556 467 500 197 141 181 258 562 Total liabilities 835,228 37,333 323,678 34,824 34,078 70,589 75,585 65,389 24,988 16,190 26,124 34,127 92,324 Capital Capital paid in 15,077 390 3,691 1,692 1,129 4,080 1,084 845 158 275 174 208 1,349 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 2,142 102 201 475 133 761 229 40 31 20 16 85 47 Total liabilities and capital 865,348 38,142 331,256 37,735 36,352 78,738 77,790 67,150 25,322 16,731 26,489 34,573 95,070 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 Oct 11, 2006 Federal Reserve notes outstanding 935,936 Less: Notes held by F.R. Banks not subject to collateralization 176,575 Federal Reserve Notes to be collateralized 759,361 Collateral held against Federal Reserve notes 759,361 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 746,124 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 797,195 Less:face value of securities under reverse repurchase agreements 30,658 U.S. Treasury and agency securities eligible to be pledged 766,537 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.