Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 826,970 + 4,139 + 34,496 833,645

Securities held outright 762,401 + 1,952 + 37,836 762,411

U.S. Treasury1 762,401 + 1,952 + 37,836 762,411

Bills2 275,370 0 + 10,605 275,370

Notes and bonds, nominal2 460,850 + 1,918 + 22,772 460,850

Notes and bonds, inflation-indexed2 22,646 0 + 3,538 22,646

Inflation compensation3 3,535 + 34 + 921 3,545

Federal agency2 0 0 0 0

Repurchase agreements4 26,429 + 3,572 - 3,285 30,750

Loans to depository institutions 195 + 21 + 39 207

Primary credit 23 + 2 + 12 20

Secondary credit 0 0 0 0

Seasonal credit 172 + 20 + 27 187

Float -1,520 - 1,734 - 516 1,030

Other Federal Reserve assets 39,465 + 328 + 423 39,248

Gold stock 11,041 0 - 1 11,041

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

Treasury currency outstanding5 37,991 + 14 + 1,446 37,991

Total factors supplying reserve funds 878,202 + 4,153 + 35,942 884,877

Currency in circulation5 798,199 + 4,348 + 37,753 799,113

Reverse repurchase agreements6 23,584 + 366 - 1,541 24,603

Foreign official and international accounts 23,584 + 366 - 1,541 24,603

Dealers 0 0 0 0

Treasury cash holdings 188 + 3 - 89 196

Deposits with F.R. Banks, other than reserve balances 12,790 - 428 - 1,355 10,545

U.S. Treasury, general account 4,870 - 606 - 57 2,637

Foreign official 88 0 + 4 86

Service-related 7,580 + 215 - 1,271 7,580

Required clearing balances 7,580 + 215 - 1,271 7,580

Adjustments to compensate for float 0 0 0 0

Other 253 - 35 - 31 242

Other liabilities and capital 34,002 + 496 + 4,705 34,508

Total factors, other than reserve balances,

absorbing reserve funds 868,764 + 4,787 + 39,474 868,964

Reserve balances with Federal Reserve Banks 9,438 - 633 - 3,532 15,913

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,614,555 - 2,011 + 188,258 1,619,796

U.S. Treasury 1,114,648 - 2,452 + 29,669 1,115,371

Federal agency 499,907 + 442 + 158,589 504,425

Securities lent to dealers 2,876 + 1,540 - 1,564 4,426

FEDERAL RESERVE statistical release

 June 1, 2006

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

 May 31, 2006 Week ended

 May 31, 2006 May 24, 2006 Jun 1, 2005
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 11,037 0 0

Special drawing rights certificate account 2,200 0 0

Coin 716 - 27 + 114

Securities, repurchase agreements, and loans 793,368 + 8,311 + 36,298

Securities held outright 762,411 + 33 + 36,985

U.S. Treasury1 762,411 + 33 + 36,985

Bills2 275,370 0 + 10,355

Notes and bonds, nominal2 460,850 0 + 22,172

Notes and bonds, inflation-indexed2 22,646 0 + 3,538

Inflation compensation3 3,545 + 32 + 920

Federal agency2 0 0 0

Repurchase agreements4 30,750 + 8,250 - 750

Loans 207 + 28 + 63

Items in process of collection (1,974) 8,412 + 3,002 - 1,103

Bank premises 1,837 + 1 + 20

Other assets5 37,314 + 60 + 288

Total assets (1,974) 854,883 + 11,346 + 35,615

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 762,030 + 2,750 + 35,565

Reverse repurchase agreements6 24,603 + 1,800 - 129

Deposits (0) 26,360 + 3,480 - 4,605

Depository institutions 23,395 + 6,041 - 3,136

U.S. Treasury, general account 2,637 - 2,551 - 1,402

Foreign official 86 + 1 + 6

Other (0) 242 - 10 - 72

Deferred availability cash items (1,974) 7,383 + 1,956 - 1,021

Other liabilities and accrued dividends7 4,888 - 1 + 1,480

Total liabilities (1,974) 825,264 + 9,985 + 31,291

Capital accounts

Capital paid in 14,956 + 1,090 + 2,062

Surplus 12,901 0 + 1,537

Other capital accounts 1,762 + 271 + 725

Total capital 29,619 + 1,361 + 4,324

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jun 1, 2005

Eliminations from

consolidation Wednesday

 May 31, 2006

Wednesday

 May 24, 2006

3. Maturity Distribution of Loans and Securities, May 31, 2006

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 171 58,534 - 7,306 0 0 30,750 24,603

16 days to 90 days 36 164,445 + 1,166 0 0 0 0

91 days to 1 year 0 188,284 + 6,537 0 0 . . . . . . 

Over 1 year to 5 years . . . 213,268 - 384 0 0 . . . . . . 

Over 5 years to 10 years . . . 59,600 + 5 0 0 . . . . . . 

Over 10 years . . . 78,280 + 15 0 0 . . . . . . 

All 207 762,411 + 33 0 0 30,750 24,603

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on May 31, 2006Millions 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.

 11,037 2,200 716 793,368 762,411 762,411 275,370 487,041 0 30,750 207 10,386 1,837 37,314 0 856,858

Assets, liabilities, and capital

 4,139 874 53 312,939 282,189 282,189 101,922 180,267 0 30,750 0 979 205 13,432 - 4,921 327,699

 486 115 34 36,391 36,381 36,381 13,140 23,241 0 0 10 852 113 1,155 - 1,524 37,622

 463 83 33 33,102 33,101 33,101 11,955 21,145 0 0 1 427 57 1,875 + 2,146 38,186

 446 104 71 32,921 32,921 32,921 11,890 21,030 0 0 0 842 156 2,213 - 301 36,452

 853 147 60 63,334 63,334 63,334 22,875 40,459 0 0 0 746 154 6,871 + 3,410 75,574

 1,023 166 82 63,834 63,827 63,827 23,053 40,774 0 0 7 1,484 230 2,611 + 2,338 71,768

 947 212 78 70,086 70,004 70,004 25,284 44,720 0 0 82 620 208 2,619 - 6,203 68,567

 328 71 36 24,251 24,223 24,223 8,749 15,474 0 0 28 405 70 696 - 237 25,619

 2   15,5 15,4 15,4 5,5 9,9    3 1 6 +  17,0
 924,207

 162,177 762,030 762,030 11,037 2,200 748,793 0 793,161 24,633 768,528

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.

 924,207 162,177 762,030 24,603 26,360 23,395 2,637 86 242 9,358 4,888 827,238 14,956 12,901 1,762 856,858

 38,265 4,103 34,163 1,174 652 650 0 1 1 657 239 36,885 382 317 38 37,622

 344,465 47,349 297,116 9,106 11,314 8,455 2,637 57 166 893 1,610 320,040 3,671 3,685 304 327,699

 39,538 6,716 32,821 1,068 673 653 0 2 19 849 254 35,665 1,744 744 32 38,186

 36,788 5,471 31,317 1,062 1,007 1,004 0 3 0 752 244 34,382 1,023 1,013 33 36,452

 73,756 12,265 61,491 2,044 2,669 2,586 0 11 72 739 530 67,472 4,012 3,307 783 75,574

 87,491 23,582 63,910 2,060 2,053 2,063 0 3 -13 1,145 413 69,581 1,064 892 230 71,768

 74,850 13,432 61,418 2,259 2,071 2,068 0 3 0 508 435 66,691 902 876 98 68,567

 27,552 3,977 23,575 782 580 578 0 0 1 186 177 25,299 154 144 22 25,619

 17,3 2,3 15,0 5 3 3    4 1 16,5 2 2  17,0

H.4.14. Statement of Condition of Each Federal Reserve Bank on May 31, 2006 (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

 May 31, 2006

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.