FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 19, 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 18, 2006 Oct 11, 2006 Oct 19, 2005 Oct 18, 2006 Federal Reserve Banks Reserve Bank Credit 831,456 + 352 + 30,511 829,740 Securities held outright 768,577 - 364 + 30,782 766,651 U.S. Treasury (1) 768,577 - 364 + 30,782 766,651 Bills (2) 277,019 0 + 7,081 277,019 Notes and bonds, nominal (2) 460,803 - 988 + 15,913 458,058 Notes and bonds, inflation-indexed (2) 26,624 + 605 + 6,641 27,430 Inflation compensation (3) 4,131 + 18 + 1,148 4,143 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 22,786 + 536 + 1,572 22,750 Loans to depository institutions 230 - 16 + 4 404 Primary credit 34 + 29 + 24 217 Secondary credit 0 0 0 0 Seasonal credit 197 - 45 - 18 187 Float -460 - 506 - 2,442 -326 Other Federal Reserve assets 40,323 + 702 + 595 40,261 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,109 + 14 + 1,680 38,109 Total factors supplying reserve funds 882,806 + 365 + 32,191 881,090 Currency in circulation(5) 794,853 - 918 + 25,924 795,848 Reverse repurchase agreements (6) 31,424 + 1,449 + 5,378 32,895 Foreign official and international accounts 31,424 + 1,449 + 5,378 32,895 Dealers 0 0 0 0 Treasury cash holdings 165 + 10 - 54 180 Deposits with F.R.Banks, other than reserve balances 12,171 - 395 - 1,383 12,834 U.S. Treasury, general account 4,855 - 319 + 300 5,540 Foreign official 104 + 14 + 2 91 Service-related 6,916 - 76 - 1,671 6,916 Required clearing balances 6,916 - 76 - 1,671 6,916 Adjustments to compensate for float 0 0 0 0 Other 297 - 13 - 13 287 Other liabilities and capital 36,080 + 32 + 4,507 35,871 Total factors, other than reserve balances, absorbing reserve funds 874,694 + 178 + 34,373 877,627 Reserve balances with Federal Reserve Banks 8,112 + 187 - 2,182 3,463 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,685,518 - 1,670 + 217,204 1,678,008 U.S. Treasury 1,145,524 - 820 + 57,868 1,138,971 Federal agency 539,994 - 851 + 159,336 539,037 Securities lent to dealers 1,000 - 166 - 2,122 1,128 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 18, 2006 Oct 11, 2006 Oct 19, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 830 - 6 + 112 Securities, repurchase agreements, and loans 789,805 - 7,624 + 35,302 Securities held outright 766,651 - 2,294 + 28,636 U.S. Treasury (1) 766,651 - 2,294 + 28,636 Bills (2) 277,019 0 + 6,870 Notes and bonds, nominal (2) 458,058 - 3,733 + 13,168 Notes and bonds, inflation-indexed (2) 27,430 + 1,411 + 7,447 Inflation compensation (3) 4,143 + 26 + 1,150 Federal agency (2) 0 0 0 Repurchase agreements (4) 22,750 - 5,500 + 6,500 Loans 404 + 170 + 166 Items in process of collection (1,238) 4,257 - 7,559 - 4,508 Bank premises 1,899 - 2 + 58 Other assets (5) 38,150 + 48 + 469 Total assets (1,238) 848,178 - 15,142 + 31,433 Liabilities Federal Reserve notes net of FR Bank holdings 758,745 - 616 + 25,074 Reverse repurchase agreements (6) 32,895 + 2,281 + 7,813 Deposits (0) 15,996 - 14,894 - 3,828 Depository institutions 10,079 - 16,329 - 4,881 U.S. Treasury, general account 5,540 + 1,437 + 1,071 Foreign official 91 + 1 + 4 Other (0) 287 - 1 - 21 Deferred availability cash items (1,238) 4,671 - 2,152 - 2,312 Other liabilities and accrued dividends (7) 5,492 - 21 + 1,555 Total liabilities (1,238) 817,799 - 15,401 + 28,303 Capital Accounts Capital paid in 15,096 + 19 + 1,661 Surplus 12,901 0 + 1,271 Other capital accounts 2,382 + 240 + 198 Total capital 30,379 + 259 + 3,130 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 18, 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 403 56,670 + 2,925 0 0 22,750 32,895 16 days to 90 days 2 165,316 - 5,323 0 0 0 0 91 days to 1 year 0 184,182 - 2,761 0 0 ------ ------ Over 1 to 5 years ------ 217,172 + 1,398 0 0 ------ ------ Over 5 to 10 years ------ 61,742 + 1,460 0 0 ------ ------ Over 10 years ------ 81,569 + 6 0 0 ------ ------ All 404 766,651 - 2,294 0 0 22,750 32,895 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 18, 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 830 22 49 58 75 77 107 98 40 30 61 80 132 Securities, repurchase agreements, and loans 789,805 36,584 306,508 33,285 33,104 63,886 64,189 70,461 24,372 15,649 22,478 34,412 84,877 Securities held outright 766,651 36,583 283,758 33,285 33,104 63,686 64,182 70,394 24,358 15,586 22,449 34,406 84,861 U.S. Treasury (1) 766,651 36,583 283,758 33,285 33,104 63,686 64,182 70,394 24,358 15,586 22,449 34,406 84,861 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) 489,632 23,364 181,226 21,258 21,142 40,674 40,990 44,958 15,556 9,954 14,337 21,974 54,197 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 22,750 0 22,750 0 0 0 0 0 0 0 0 0 0 Loans 404 0 0 0 0 200 8 68 14 64 28 6 17 Items in process of collection 5,495 230 90 791 744 356 659 347 220 278 605 356 820 Bank premises 1,899 113 208 57 157 162 231 209 74 117 134 260 176 Other assets(5) 38,150 1,219 13,828 1,806 2,242 6,841 2,669 2,715 755 699 718 949 3,707 Interdistrict settlement account 0 - 1,289 - 2,861 + 635 - 1,026 + 3,121 + 7,808 - 7,973 - 613 - 469 + 2,329 - 2,520 + 2,856 Total Assets 849,416 37,481 322,835 37,178 35,847 75,442 76,853 67,017 25,247 16,545 26,715 34,210 94,045 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 18, 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 937,484 37,969 346,612 38,723 36,918 74,960 94,871 75,856 26,952 17,151 28,061 50,165 109,246 Less: notes held by F.R. Banks 178,739 3,925 52,698 7,572 6,310 12,896 25,690 15,546 3,850 2,593 3,864 19,145 24,648 Federal Reserve notes, net 758,745 34,044 293,914 31,151 30,608 62,064 69,180 60,310 23,102 14,557 24,197 31,020 84,598 Reverse repurchase agreements (1) 32,895 1,570 12,175 1,428 1,420 2,733 2,754 3,020 1,045 669 963 1,476 3,641 Deposits 15,996 481 7,136 480 689 1,389 1,549 1,045 415 265 426 624 1,499 Depository institutions 10,079 476 1,377 477 685 1,258 1,546 1,042 411 264 424 624 1,495 U.S. Treasury, general account 5,540 0 5,540 0 0 0 0 0 0 0 0 0 0 Foreign official 91 1 62 2 3 11 3 3 0 1 1 0 4 Other 287 4 157 0 1 120 0 0 3 0 1 0 0 Deferred availability cash items 5,909 310 120 915 577 507 683 365 143 358 580 388 962 Other liabilities and accrued dividends (2) 5,492 268 1,839 268 268 551 464 497 195 143 180 257 560 Total liabilities 819,037 36,672 315,184 34,241 33,563 67,245 74,629 65,238 24,900 15,991 26,346 33,766 91,261 Capital Capital paid in 15,096 390 3,691 1,692 1,129 4,081 1,084 845 159 275 174 209 1,366 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 2,382 102 274 501 142 810 248 58 45 33 20 83 69 Total liabilities and capital 849,416 37,481 322,835 37,178 35,847 75,442 76,853 67,017 25,247 16,545 26,715 34,210 94,045 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 18, 2006 Federal Reserve notes outstanding 937,484 Less: Notes held by F.R. Banks not subject to collateralization 178,739 Federal Reserve Notes to be collateralized 758,745 Collateral held against Federal Reserve notes 758,745 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 745,508 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 789,401 Less:face value of securities under reverse repurchase agreements 32,948 U.S. Treasury and agency securities eligible to be pledged 756,453 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.