FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks January 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 Jan 11, 2006 Jan 4, 2006 Jan 12, 2005 Jan 11, 2006 Federal Reserve Banks Reserve Bank Credit 815,874 - 16,920 + 35,197 810,656 Securities held outright 744,249 + 418 + 26,427 744,479 U.S. Treasury (1) 744,249 + 418 + 26,427 744,479 Bills (2) 271,410 + 140 + 8,440 271,585 Notes and bonds, nominal (2) 449,118 - 99 + 12,689 449,118 Notes and bonds, inflation-indexed (2) 20,367 + 384 + 4,259 20,431 Inflation compensation (3) 3,354 - 6 + 1,039 3,345 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 30,393 - 18,357 + 7,500 25,000 Loans to depository institutions 39 - 25 - 26 79 Primary credit 16 + 9 - 29 55 Secondary credit 0 0 0 0 Seasonal credit 23 - 34 + 3 24 Float 1,301 + 448 + 662 940 Other Federal Reserve assets 39,892 + 596 + 634 40,157 Gold stock 11,043 0 - 2 11,043 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,624 + 14 + 190 36,624 Total factors supplying reserve funds 865,742 - 16,905 + 35,386 860,523 Currency in circulation(5) 786,833 - 6,872 + 36,794 785,128 Reverse repurchase agreements (6) 25,148 - 5,283 - 4,816 25,020 Foreign official and international accounts 25,148 - 5,283 - 4,816 25,020 Dealers 0 0 0 0 Treasury cash holdings 203 + 1 - 70 211 Deposits with F.R.Banks, other than reserve balances 14,538 - 535 - 524 14,247 U.S. Treasury, general account 4,795 + 61 - 350 4,465 Foreign official 82 - 3 + 3 81 Service-related 9,374 + 722 - 218 9,374 Required clearing balances 9,374 + 722 - 218 9,374 Adjustments to compensate for float 0 0 0 0 Other 287 - 1,315 + 40 327 Other liabilities and capital 31,464 + 572 + 5,759 31,206 Total factors, other than reserve balances, absorbing reserve funds 858,186 - 12,117 + 37,143 855,812 Reserve balances with Federal Reserve Banks 7,556 - 4,788 - 1,757 4,711 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,530,905 + 7,362 + 179,849 1,535,448 U.S. Treasury 1,100,908 + 4,923 + 29,348 1,106,955 Federal agency 429,998 + 2,440 + 150,502 428,492 Securities lent to dealers 2,127 - 1,568 - 542 2,516 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 Jan 11, 2006 Jan 4, 2006 Jan 12, 2005 Assets Gold certificate account 11,039 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 708 + 25 - 29 Securities, repurchase agreements, and loans 769,558 - 19,849 + 33,435 Securities held outright 744,479 + 1,609 + 26,656 U.S. Treasury (1) 744,479 + 1,609 + 26,656 Bills (2) 271,585 + 315 + 8,615 Notes and bonds, nominal (2) 449,118 + 844 + 12,689 Notes and bonds, inflation-indexed (2) 20,431 + 448 + 4,323 Inflation compensation (3) 3,345 + 3 + 1,029 Federal agency (2) 0 0 0 Repurchase agreements (4) 25,000 - 21,500 + 6,750 Loans 79 + 42 + 29 Items in process of collection (1,515) 8,057 - 3,756 + 63 Bank premises 1,821 + 1 + 45 Other assets (5) 38,693 + 1,089 - 1,468 Total assets (1,515) 832,075 - 22,491 + 32,043 Liabilities Federal Reserve notes net of FR Bank holdings 749,419 - 7,115 + 35,568 Reverse repurchase agreements (6) 25,020 - 2,547 - 2,211 Deposits (0) 19,314 - 10,789 - 6,718 Depository institutions 14,441 - 11,394 - 6,268 U.S. Treasury, general account 4,465 + 543 - 486 Foreign official 81 0 - 7 Other (0) 327 + 62 + 43 Deferred availability cash items (1,515) 7,116 - 2,285 + 393 Other liabilities and accrued dividends (7) 3,967 + 57 + 1,164 Total liabilities (1,515) 804,837 - 22,678 + 28,197 Capital Accounts Capital paid in 13,543 + 1 + 1,535 Surplus 12,916 + 11 + 1,963 Other capital accounts 780 + 176 + 349 Total capital 27,239 + 188 + 3,847 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, January 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 57 50,987 + 1,460 0 0 25,000 25,020 16 days to 90 days 22 163,274 - 819 0 0 0 0 91 days to 1 year 0 185,571 - 326 0 0 ------ ------ Over 1 to 5 years ------ 210,059 + 605 0 0 ------ ------ Over 5 to 10 years ------ 57,306 + 612 0 0 ------ ------ Over 10 years ------ 77,283 + 79 0 0 ------ ------ All 79 744,479 + 1,609 0 0 25,000 25,020 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 January 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 11,039 510 4,357 432 453 836 945 928 327 212 318 549 1,172 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 708 30 50 36 53 71 95 86 43 25 63 66 90 Securities, repurchase agreements, and loans 769,558 38,090 320,213 26,410 31,451 56,817 57,597 67,056 23,102 15,550 21,066 36,669 75,539 Securities held outright 744,479 38,090 295,212 26,410 31,451 56,816 57,597 67,044 23,102 15,549 21,057 36,667 75,485 U.S. Treasury (1) 744,479 38,090 295,212 26,410 31,451 56,816 57,597 67,044 23,102 15,549 21,057 36,667 75,485 Bills (2) 271,585 13,895 107,693 9,634 11,473 20,726 21,011 24,457 8,428 5,672 7,682 13,376 27,537 Notes and bonds(3) 472,894 24,195 187,519 16,776 19,977 36,090 36,586 42,586 14,674 9,877 13,375 23,291 47,949 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 25,000 0 25,000 0 0 0 0 0 0 0 0 0 0 Loans 79 0 1 0 0 1 0 13 0 1 9 2 53 Items in process of collection 9,572 518 530 607 759 934 1,764 421 332 363 813 821 1,710 Bank premises 1,821 111 206 53 157 153 232 210 69 119 84 261 164 Other assets(5) 38,693 3,284 14,522 1,142 2,496 4,911 2,427 2,673 919 765 702 1,132 3,719 Interdistrict settlement account 0 - 4,506 -32,011 + 5,695 + 264 + 6,041 + 8,485 + 545 + 1,521 - 173 + 1,853 - 3,928 +16,214 Total Assets 833,590 38,152 308,741 34,458 35,737 69,910 71,711 72,132 26,384 16,891 24,965 35,667 98,843 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 January 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 908,508 39,152 327,570 37,442 36,449 70,072 86,007 77,580 28,072 17,897 27,733 50,083 110,451 Less: notes held by F.R. Banks 159,090 4,760 46,632 7,176 5,540 12,171 21,066 11,608 3,681 2,882 5,285 17,541 20,748 Federal Reserve notes, net 749,419 34,393 280,938 30,266 30,910 57,900 64,942 65,972 24,391 15,015 22,447 32,542 89,703 Reverse repurchase agreements (1) 25,020 1,280 9,921 888 1,057 1,909 1,936 2,253 776 523 708 1,232 2,537 Deposits 19,314 855 7,769 1,002 750 1,671 1,600 1,257 516 345 629 768 2,151 Depository institutions 14,441 846 3,094 1,001 744 1,504 1,598 1,254 514 344 627 768 2,147 U.S. Treasury, general account 4,465 0 4,465 0 0 0 0 0 0 0 0 0 0 Foreign official 81 5 52 1 4 7 2 3 1 1 1 0 4 Other 327 4 158 0 3 160 0 1 1 0 1 0 0 Deferred availability cash items 8,632 720 1,076 638 744 707 1,069 452 244 396 687 581 1,318 Other liabilities and accrued dividends (2) 3,967 215 1,388 165 207 341 327 372 149 110 127 207 359 Total liabilities 806,352 37,463 301,092 32,959 33,667 62,530 69,873 70,307 26,075 16,388 24,598 35,331 96,068 Capital Capital paid in 13,543 317 3,685 744 1,014 3,943 893 884 144 243 175 153 1,349 Surplus 12,916 317 3,685 744 1,013 3,322 892 876 144 245 175 153 1,349 Other capital 780 55 279 11 42 116 53 65 20 14 17 31 77 Total liabilities and capital 833,590 38,152 308,741 34,458 35,737 69,910 71,711 72,132 26,384 16,891 24,965 35,667 98,843 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 Jan 11, 2006 Federal Reserve notes outstanding 908,508 Less: Notes held by F.R. Banks not subject to collateralization 159,090 Federal Reserve Notes to be collateralized 749,419 Collateral held against Federal Reserve notes 749,419 Gold certificate account 11,039 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 736,180 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 769,479 Less:face value of securities under reverse repurchase agreements 25,050 U.S. Treasury and agency securities eligible to be pledged 744,429 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.