FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          February 16, 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           Feb 15, 2006  Feb 8, 2006 Feb 16, 2005 Feb 15, 2006
Federal Reserve Banks

Reserve Bank Credit                                         815,847    +   6,737    +  32,144      817,909
 Securities held outright                                   750,625    +   1,798    +  32,759      751,327       
    U.S. Treasury (1)                                       750,625    +   1,798    +  32,759      751,327
       Bills (2)                                            273,431    +     574    +  10,426      274,142
       Notes and bonds, nominal (2)                         451,830    +   1,250    +  18,401      451,830
       Notes and bonds, inflation-indexed (2)                22,196            0    +   3,088       22,196
       Inflation compensation (3)                             3,168    -      26    +     844        3,158
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    24,357    +   4,321    +     428       29,750
 Loans to depository institutions                                98    +      65    +      75          464
    Primary credit                                               66    +      61    +      57          430
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              32    +       4    +      18           33
 Float                                                          584    +     699    +     171         -624
 Other Federal Reserve assets                                40,182    -     148    -   1,291       36,993
Gold stock                                                   11,044            0    +       2       11,044
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,624    +      14    +     134       36,624
       
Total factors supplying reserve funds                       865,715    +   6,751    +  32,280      867,777
                                                                   
Currency in circulation(5)                                  786,015    +   1,811    +  34,874      787,847
Reverse repurchase agreements (6)                            22,396    -     882    -   4,648       22,695
   Foreign official and international accounts               22,396    -     882    -   4,648       22,695
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          198    -       8    -      82          193
Deposits with F.R.Banks, other than reserve balances         14,045    -     171    -   1,028       13,959       
  U.S. Treasury, general account                              5,224    -     136    +     300        5,125
  Foreign official                                               91    +       8    +       9          101
  Service-related                                             8,471    -       1    -   1,300        8,471
     Required clearing balances                               8,471    -       1    -   1,300        8,471
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         259    -      43    -      37          262
Other liabilities and capital                                31,790    +     513    +   4,840       31,583

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  854,443    +   1,261    +  33,954      856,276

Reserve balances with Federal Reserve Banks                  11,271    +   5,488    -   1,676       11,501
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,556,712    +  12,644    + 214,433    1,571,376
     U.S. Treasury                                        1,111,275    +   6,596    +  54,228    1,121,049
     Federal agency                                         445,437    +   6,048    + 160,205      450,327
  Securities lent to dealers                                  1,335    -     921    -   2,106        1,916   


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 Feb 15, 2006      Feb 8, 2006     Feb 16, 2005

Assets
Gold certificate account                                        11,040                0        +       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               846        +      16        +      18
Securities, repurchase agreements, and loans                   781,540        +  13,171        +  45,155
   Securities held outright                                    751,327        +   2,499        +  33,468
      U.S. Treasury (1)                                        751,327        +   2,499        +  33,468       
         Bills (2)                                             274,142        +   1,274        +  11,137
         Notes and bonds, nominal (2)                          451,830        +   1,250        +  18,401
         Notes and bonds, inflation-indexed (2)                 22,196                0        +   3,088
         Inflation compensation (3)                              3,158        -      26        +     842
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    29,750        +  10,250        +  11,250    
   Loans                                                           464        +     423        +     437
Items in process of collection                    (1,041)        5,544        -   2,081        -   2,459
Bank premises                                                    1,820        -       4        +      37
Other assets (5)                                                35,205        -   3,404        -   1,844
      Total assets                                (1,041)      838,195        +   7,698        +  40,909
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  752,258        +   1,251        +  34,893
Reverse repurchase agreements (6)                               22,695        +      17        -     651
Deposits                                              (0)       25,518        +   6,594        +   3,059       
  Depository institutions                                       20,030        +   5,417        +   2,963
  U.S. Treasury, general account                                 5,125        +   1,152        +     115
  Foreign official                                                 101        +      19        +      16
  Other                                               (0)          262        +       6        -      35
Deferred availability cash items                  (1,041)        6,142        -     602        -   1,007
Other liabilities and accrued dividends (7)                      4,249        +      53        +   1,323
      Total liabilities                           (1,041)      810,861        +   7,312        +  37,616
                          
Capital Accounts
Capital paid in                                                 13,715        +     142        +   1,271
Surplus                                                         12,901        +      17        +   1,872
Other capital accounts                                             718        +     227        +     150
      Total capital                                             27,334        +     386        +   3,293


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,  February 15, 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             464       57,839   +   4,373            0           0       29,750       22,695
16 days to 90 days           0      166,494   +   2,990            0           0            0            0
91 days to 1 year            0      180,520   -   5,622            0           0     ------      ------
Over 1 to 5 years     ------        212,648   +   2,674            0           0     ------      ------
Over 5 to 10 years    ------         53,056   -   3,587            0           0     ------      ------
Over 10 years         ------         80,769   +   1,670            0           0     ------      ------
                   		 	
All                        464      751,327   +   2,499            0           0       29,750      22,695

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  February 15, 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                      11,040        510      4,358        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                                             846         37         70         46         64         85        111        100         48         29         71         74        111
Securities, repurchase agreements,
      and loans                              781,540     38,448    328,098     26,653     31,740     57,339     58,127     67,678     23,318     15,696     21,259     37,004     76,182
   Securities held outright                  751,327     38,440    297,927     26,653     31,740     57,339     58,127     67,660     23,314     15,692     21,251     37,004     76,180
      U.S. Treasury (1)                      751,327     38,440    297,927     26,653     31,740     57,339     58,127     67,660     23,314     15,692     21,251     37,004     76,180
         Bills (2)                           274,142     14,026    108,707      9,725     11,581     20,922     21,209     24,688      8,507      5,726      7,754     13,502     27,796
         Notes and bonds(3)                  477,185     24,414    189,220     16,928     20,159     36,417     36,918     42,973     14,807      9,966     13,497     23,502     48,384
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                29,750          0     29,750          0          0          0          0          0          0          0          0          0          0
      Loans                                      464          8        421          0          0          0          0         17          3          4          8          0          3
Items in process of collection                 6,584        258        438        287        590        402      1,326        504        242        323        664        448      1,104
Bank premises                                  1,820        112        206         53        157        153        232        211         70        119         88        260        158
Other assets(5)                               35,205      3,091     13,318      1,035      2,342      4,623      1,901      2,404        846        701        625        890      3,430
Interdistrict settlement account                   0    - 4,199    -39,107    + 5,790    + 2,197    + 9,986    +11,296    -   675    + 1,117    -   350    + 1,922    - 3,476    +15,499
          Total Assets                       839,235     38,372    308,255     34,378     37,647     73,570     74,103     71,362     26,039     16,760     25,012     35,847     97,891

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  February 15, 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             910,879     39,141    326,389     37,862     36,643     73,122     87,784     77,237     27,843     17,738     27,619     49,667    109,834
  Less: notes held by F.R. Banks              158,621      5,060     47,284      7,108      5,130     12,040     20,442     12,233      3,658      2,749      4,903     16,585     21,430
    Federal Reserve notes, net                752,258     34,081    279,105     30,754     31,513     61,083     67,342     65,004     24,185     14,989     22,715     33,083     88,404
Reverse repurchase agreements (1)              22,695      1,161      8,999        805        959      1,732      1,756      2,044        704        474        642      1,118      2,301
Deposits                                       25,518      1,741     10,233        571      2,324      2,337      1,617      1,758        520        328        605        709      2,776
  Depository institutions                      20,030      1,719      4,877        570      2,318      2,252      1,615      1,753        516        327        603        708      2,772
  U.S. Treasury, general account                5,125          0      5,125          0          0          0          0          0          0          0          0          0          0
  Foreign official                                101          5         73          1          4          7          2          3          1          1          1          0          4
  Other                                           262         17        158          0          2         78          0          2          3          0          1          0          0
Deferred availability cash items                7,182        504        801        558        601        583      1,066        350        168        356        547        389      1,259
Other liabilities and accrued                 
  dividends (2)                                 4,249        229      1,493        171        205        391        352        390        159        115        134        216        395
   
    Total liabilities                         811,901     37,716    300,630     32,859     35,602     66,126     72,132     69,546     25,737     16,262     24,642     35,515     95,135
                              
Capital                    
Capital paid in                                13,715        323      3,693        750      1,014      3,945      1,035        884        144        243        178        153      1,351
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                     718         16        246         25         18        192         44         56         13          9         17         26         56
     Total liabilities and capital            839,235     38,372    308,255     34,378     37,647     73,570     74,103     71,362     26,039     16,760     25,012     35,847     97,891
                              

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
                                          Feb 15, 2006
              
Federal Reserve notes outstanding             910,879
   Less: Notes held by F.R. Banks
         not subject to collateralization     158,621
      Federal Reserve Notes to be
         collateralized                       752,258 
Collateral held against Federal Reserve            
   notes                                      752,258
   Gold certificate account                    11,040
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              739,018
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         781,077
   Less:face value of securities under
         reverse repurchase agreements         22,721
      U.S. Treasury and agency securities
             eligible to be pledged           758,355
   

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.