FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 13, 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 Jul 12, 2006 Jul 5, 2006 Jul 13, 2005 Jul 12, 2006 Federal Reserve Banks Reserve Bank Credit 829,845 - 6,338 + 37,845 828,699 Securities held outright 766,404 + 33 + 41,690 766,414 U.S. Treasury (1) 766,404 + 33 + 41,690 766,414 Bills (2) 275,370 0 + 10,355 275,370 Notes and bonds, nominal (2) 464,580 0 + 27,206 464,580 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,113 22,646 Inflation compensation (3) 3,808 + 33 + 1,016 3,819 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 21,143 - 8,321 - 5,750 20,750 Loans to depository institutions 299 + 8 + 24 355 Primary credit 11 - 4 - 40 52 Secondary credit 0 0 0 0 Seasonal credit 289 + 13 + 65 304 Float 981 + 1,412 + 968 87 Other Federal Reserve assets 41,019 + 531 + 914 41,092 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,076 + 14 + 1,508 38,076 Total factors supplying reserve funds 881,162 - 6,324 + 39,353 880,016 Currency in circulation(5) 798,366 + 162 + 32,641 797,858 Reverse repurchase agreements (6) 28,319 - 1,364 + 2,903 28,538 Foreign official and international accounts 28,319 - 1,364 + 2,903 28,538 Dealers 0 0 0 0 Treasury cash holdings 167 - 6 - 70 163 Deposits with F.R.Banks, other than reserve balances 12,749 - 100 - 1,466 12,607 U.S. Treasury, general account 5,186 - 148 + 343 5,024 Foreign official 95 - 16 + 9 89 Service-related 7,217 + 55 - 1,788 7,217 Required clearing balances 7,217 + 55 - 1,788 7,217 Adjustments to compensate for float 0 0 0 0 Other 251 + 9 - 30 277 Other liabilities and capital 35,219 + 293 + 5,607 34,565 Total factors, other than reserve balances, absorbing reserve funds 874,821 - 1,014 + 39,616 873,731 Reserve balances with Federal Reserve Banks 6,341 - 5,310 - 264 6,284 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,632,555 - 3,584 + 189,931 1,630,836 U.S. Treasury 1,113,291 - 4,627 + 20,564 1,111,089 Federal agency 519,264 + 1,044 + 169,367 519,747 Securities lent to dealers 3,000 - 3,725 + 111 922 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 Jul 12, 2006 Jul 5, 2006 Jul 13, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 711 + 15 + 99 Securities, repurchase agreements, and loans 787,520 - 7,397 + 37,319 Securities held outright 766,414 + 29 + 41,702 U.S. Treasury (1) 766,414 + 29 + 41,702 Bills (2) 275,370 0 + 10,355 Notes and bonds, nominal (2) 464,580 0 + 27,206 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,113 Inflation compensation (3) 3,819 + 30 + 1,029 Federal agency (2) 0 0 0 Repurchase agreements (4) 20,750 - 7,500 - 4,500 Loans 355 + 73 + 117 Items in process of collection (966) 5,559 - 420 - 883 Bank premises 1,858 + 1 + 44 Other assets (5) 39,001 + 538 + 436 Total assets (966) 847,886 - 7,263 + 37,016 Liabilities Federal Reserve notes net of FR Bank holdings 760,652 - 2,880 + 30,961 Reverse repurchase agreements (6) 28,538 - 548 + 2,941 Deposits (0) 18,658 - 4,739 - 1,113 Depository institutions 13,269 - 4,252 - 1,308 U.S. Treasury, general account 5,024 - 504 + 234 Foreign official 89 - 1 - 11 Other (0) 277 + 19 - 27 Deferred availability cash items (966) 5,472 + 967 - 706 Other liabilities and accrued dividends (7) 4,789 + 62 + 1,520 Total liabilities (966) 818,110 - 7,137 + 33,603 Capital Accounts Capital paid in 14,977 + 2 + 1,608 Surplus 12,901 0 + 1,419 Other capital accounts 1,898 - 128 + 385 Total capital 29,776 - 126 + 3,413 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, July 12, 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 97 58,461 - 438 0 0 20,750 28,538 16 days to 90 days 258 174,817 - 170 0 0 0 0 91 days to 1 year 0 176,677 + 609 0 0 ------ ------ Over 1 to 5 years ------ 217,332 + 9 0 0 ------ ------ Over 5 to 10 years ------ 60,722 + 5 0 0 ------ ------ Over 10 years ------ 78,406 + 14 0 0 ------ ------ All 355 766,414 + 29 0 0 20,750 28,538 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 July 12, 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 711 30 37 31 70 65 88 80 35 31 57 72 115 Securities, repurchase agreements, and loans 787,520 36,575 304,421 33,275 33,094 63,666 64,172 70,468 24,391 15,693 22,470 34,400 84,897 Securities held outright 766,414 36,572 283,671 33,274 33,094 63,666 64,162 70,372 24,350 15,581 22,442 34,396 84,835 U.S. Treasury (1) 766,414 36,572 283,671 33,274 33,094 63,666 64,162 70,372 24,350 15,581 22,442 34,396 84,835 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) 491,045 23,432 181,749 21,319 21,203 40,791 41,109 45,088 15,601 9,983 14,379 22,038 54,354 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 20,750 0 20,750 0 0 0 0 0 0 0 0 0 0 Loans 355 3 0 0 0 0 10 96 40 112 28 4 62 Items in process of collection 6,526 294 423 350 661 456 666 378 283 252 658 653 1,452 Bank premises 1,858 113 206 57 157 155 231 208 70 118 115 259 171 Other assets(5) 39,001 1,246 14,102 1,847 2,285 6,962 2,786 2,781 772 713 733 974 3,799 Interdistrict settlement account 0 - 775 + 3,034 + 1,377 - 1,166 + 1,345 + 2,948 - 7,897 - 405 - 123 + 1,610 - 2,315 + 2,366 Total Assets 848,853 38,084 327,235 37,483 35,651 73,649 72,079 67,177 25,546 16,925 26,033 34,715 94,277 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 July 12, 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 929,853 38,080 348,971 39,823 37,141 73,284 90,797 74,094 27,342 17,248 27,358 48,978 106,737 Less: notes held by F.R. Banks 169,201 3,460 50,238 7,499 6,126 13,171 25,969 13,454 3,926 2,243 3,744 17,476 21,897 Federal Reserve notes, net 760,652 34,620 298,733 32,325 31,016 60,113 64,828 60,640 23,416 15,005 23,613 31,502 84,840 Reverse repurchase agreements (1) 28,538 1,362 10,563 1,239 1,232 2,371 2,389 2,620 907 580 836 1,281 3,159 Deposits 18,658 656 8,022 548 519 2,146 1,536 1,302 524 368 504 654 1,880 Depository institutions 13,269 655 2,777 546 515 2,026 1,533 1,300 520 367 503 653 1,875 U.S. Treasury, general account 5,024 0 5,024 0 0 0 0 0 0 0 0 0 0 Foreign official 89 1 60 2 3 11 3 3 0 1 1 0 4 Other 277 1 161 0 2 109 0 0 3 0 1 0 0 Deferred availability cash items 6,439 408 687 492 582 491 722 298 180 343 550 602 1,085 Other liabilities and accrued dividends (2) 4,789 241 1,609 221 232 450 408 444 179 129 160 229 488 Total liabilities 819,076 37,288 319,613 34,824 33,581 65,571 69,884 65,304 25,204 16,425 25,664 34,267 91,451 Capital Capital paid in 14,977 382 3,674 1,744 1,024 4,014 1,069 910 155 243 175 209 1,377 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 1,898 97 262 170 33 756 234 86 42 12 20 86 99 Total liabilities and capital 848,853 38,084 327,235 37,483 35,651 73,649 72,079 67,177 25,546 16,925 26,033 34,715 94,277 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 Jul 12, 2006 Federal Reserve notes outstanding 929,853 Less: Notes held by F.R. Banks not subject to collateralization 169,201 Federal Reserve Notes to be collateralized 760,652 Collateral held against Federal Reserve notes 760,652 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 747,415 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 787,164 Less:face value of securities under reverse repurchase agreements 28,577 U.S. Treasury and agency securities eligible to be pledged 758,587 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.