Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 806,510 - 2,363 + 26,640 815,172

Securities held outright 743,500 + 1,425 + 32,236 744,301

U.S. Treasury1 743,500 + 1,425 + 32,236 744,301

Bills2 271,128 + 110 + 10,264 271,270

Notes and bonds, nominal2 449,158 + 1,252 + 16,632 449,784

Notes and bonds, inflation-indexed2 19,983 0 + 4,300 19,983

Inflation compensation3 3,231 + 63 + 1,040 3,263

Federal agency2 0 0 0 0

Repurchase agreements4 24,571 - 1,036 - 4,036 32,500

Loans to depository institutions 118 - 34 + 42 108

Primary credit 23 - 23 + 18 11

Secondary credit 0 0 0 0

Seasonal credit 94 - 12 + 23 97

Float 1,097 - 599 + 589 770

Other Federal Reserve assets 37,224 - 2,119 - 2,190 37,494

Gold stock 11,041 0 - 2 11,041

Special drawing rights certificate account 2,200 0 0 2,200

Treasury currency outstanding5 36,527 + 14 + 110 36,527

Total factors supplying reserve funds 856,277 - 2,350 + 26,747 864,940

Currency in circulation5 776,978 + 707 + 27,155 781,203

Reverse repurchase agreements6 24,928 - 629 - 2,727 24,487

Foreign official and international accounts 24,928 - 629 - 2,727 24,487

Dealers 0 0 0 0

Treasury cash holdings 210 - 9 - 83 204

Deposits with F.R. Banks, other than reserve balances 14,334 + 621 - 423 13,335

U.S. Treasury, general account 5,107 + 585 + 688 4,162

Foreign official 81 - 7 - 1 80

Service-related 8,823 - 18 - 1,138 8,823

Required clearing balances 8,823 - 2 - 1,138 8,823

Adjustments to compensate for float 0 - 16 0 0

Other 323 + 61 + 29 270

Other liabilities and capital 32,111 + 370 + 6,744 32,097

Total factors, other than reserve balances,

absorbing reserve funds 848,561 + 1,059 + 30,665 851,326

Reserve balances with Federal Reserve Banks 7,717 - 3,408 - 3,917 13,614

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,499,649 + 11,590 + 182,902 1,503,176

U.S. Treasury 1,098,431 + 7,586 + 37,220 1,100,887

Federal agency 401,218 + 4,004 + 145,683 402,289

Securities lent to dealers 3,701 + 712 - 618 9,342

FEDERAL RESERVE statistical release

 November 25, 2005

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

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.

Change from week ended Wednesday

 Nov 23, 2005 Week ended

 Nov 23, 2005 Nov 16, 2005 Nov 24, 2004
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. 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.

Assets

Gold certificate account 11,036 0 - 3

Special drawing rights certificate account 2,200 0 0

Coin 706 - 22 - 33

Securities, repurchase agreements, and loans 776,908 + 13,923 + 26,241

Securities held outright 744,301 + 1,423 + 32,706

U.S. Treasury1 744,301 + 1,423 + 32,706

Bills2 271,270 + 252 + 10,080

Notes and bonds, nominal2 449,784 + 1,096 + 17,258

Notes and bonds, inflation-indexed2 19,983 0 + 4,300

Inflation compensation3 3,263 + 75 + 1,067

Federal agency2 0 0 0

Repurchase agreements4 32,500 + 12,500 - 6,500

Loans 108 + 1 + 36

Items in process of collection (1,033) 7,467 - 4,502 + 420

Bank premises 1,843 + 2 + 90

Other assets5 35,601 + 475 - 2,357

Total assets (1,033) 835,761 + 9,876 + 24,358

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 745,582 + 4,291 + 26,686

Reverse repurchase agreements6 24,487 - 831 - 3,597

Deposits (0) 26,896 + 7,178 - 5,379

Depository institutions 22,384 + 7,423 - 4,936

U.S. Treasury, general account 4,162 - 254 - 413

Foreign official 80 - 1 - 4

Other (0) 270 + 9 - 26

Deferred availability cash items (1,033) 6,699 - 1,309 - 258

Other liabilities and accrued dividends7 4,194 + 45 + 1,186

Total liabilities (1,033) 807,859 + 9,375 + 18,640

Capital accounts

Capital paid in 13,498 + 40 + 1,927

Surplus 11,630 0 + 2,783

Other capital accounts 2,775 + 461 + 1,010

Total capital 27,903 + 501 + 5,719

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Nov 24, 2004

Eliminations from

consolidation Wednesday

 Nov 23, 2005

Wednesday

 Nov 16, 2005

3. Maturity Distribution of Loans and Securities, November 23, 2005

Millions of dollars

 Federal agency

securities

Weekly

changes Holdings

 U.S. Treasury

securities1

Holdings Weekly

changes

Loans Repurchase

agreements2

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.

Reverse

repurchase

agreements2

Within 15 days 104 55,815 - 282 0 0 32,500 24,487

16 days to 90 days 4 155,572 + 3,542 0 0 0 0

91 days to 1 year 0 188,251 - 3,008 0 0 . . . . . . 

Over 1 year to 5 years . . . 210,812 + 1,125 0 0 . . . . . . 

Over 5 years to 10 years . . . 56,681 + 3,241 0 0 . . . . . . 

Over 10 years . . . 77,170 - 3,195 0 0 . . . . . . 

All 108 744,301 + 1,423 0 0 32,500 24,487

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on November 23, 2005Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap

AssetsGold certificate accountSpecial drawing rights certificate acct.CoinSecurities, repurchase agreements,

and loans

Securities held outright

U.S. Treasury1

Bills2Notes and bonds3

Federal agency2

Repurchase agreements4

Loans

Items in process of collectionBank premisesOther assets5Interdistrict settlement account

Total assets

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 sec4. 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.

 11,036 2,200 706 776,908 744,301 744,301 271,270 473,030 0 32,500 108 8,499 1,843 35,601 0 836,794

Assets, liabilities, and capital

 4,354 874 52 327,641 295,141 295,141 107,568 187,573 0 32,500 0 436 204 13,535 -32,323 314,772

 510 115 30 38,081 38,081 38,081 13,879 24,202 0 0 0 453 108 3,101 - 3,287 39,110

 432 83 47 26,407 26,404 26,404 9,623 16,781 0 0 3 347 53 982 + 6,894 35,246

 453 104 55 31,443 31,443 31,443 11,460 19,983 0 0 0 274 158 2,356 + 1,585 36,428

 836 147 61 56,802 56,802 56,802 20,702 36,100 0 0 0 416 143 4,615 + 6,800 69,821

 945 166 97 57,589 57,583 57,583 20,987 36,596 0 0 6 2,277 272 1,965 + 3,215 66,526

 928 212 72 67,058 67,028 67,028 24,429 42,599 0 0 30 432 209 2,451 + 2,347 73,709

 327 71 34 23,115 23,096 23,096 8,418 14,679 0 0 19 241 69 868 + 239 24,964

 2   15,5 15,5 15,5 5,6 9,8    3 1 7 - 4 16,5
 899,236

 153,655 745,582 745,582 11,036 2,200 732,345 0 776,801 24,514 752,287

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap

LiabilitiesFederal Reserve notes outstanding

Less: notes held by F.R. Banks

Federal Reserve notes, net

Reverse repurchase agreements1

Deposits

Depository institutionsU.S. Treasury, general accountForeign officialOther

Deferred availability cash itemsOther liabilities and accrued

dividends2

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

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.

 899,236 153,655 745,582 24,487 26,896 22,384 4,162 80 270 7,732 4,194 808,891 13,498 11,630 2,775 836,794

 39,003 4,569 34,435 1,253 862 854 0 5 3 623 217 37,390 315 1,353 52 39,110

 328,896 44,739 284,157 9,710 11,000 6,613 4,162 52 173 779 1,449 307,095 3,682 3,430 566 314,772

 37,448 5,862 31,586 869 664 663 0 1 0 591 171 33,881 746 294 325 35,246

 36,456 5,364 31,092 1,034 1,469 1,465 0 4 1 501 213 34,309 1,010 1,065 44 36,428

 68,930 12,533 56,398 1,869 3,563 3,474 0 7 82 544 434 62,808 3,941 2,148 924 69,821

 81,432 21,966 59,466 1,894 2,013 2,011 0 2 1 980 339 64,694 888 516 428 66,526

 76,591 10,231 66,361 2,205 2,564 2,561 0 3 0 384 380 71,894 874 763 177 73,709

 26,379 3,483 22,896 760 579 572 0 1 7 175 151 24,562 143 236 23 24,964

 17,2 2,5 14,6 5 3 3    4 1 16,0 2 2  16,5

H.4.14. Statement of Condition of Each Federal Reserve Bank on November 23, 2005 (continued)Millions of dollars

Assets, liabilities, and capital

Federal Reserve notes outstanding

Less: Notes held by F.R. Banks

not subject to collateralization

Federal Reserve notes to be collateralized

Collateral held against Federal Reserve notes

Gold certificate accountSpecial drawing rights certificate accountU.S. Treasury and agency securities pledged1Other assets pledged

Memo:Total U.S. Treasury and agency securities1

Less: face value of securities under

reverse repurchase agreements

U.S. Treasury and agency securities

eligible to be pledged

5. Collateral Held against Federal Reserve Notes:Federal Reserve Agents' AccountsMillions of dollarsFederal Reserve notes and collateral Wednesday

 Nov 23, 2005

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 ofinflation-indexed securities, and cash value of repurchase agreements.