FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          December 15, 2005
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           Dec 14, 2005  Dec 7, 2005 Dec 15, 2004 Dec 14, 2005
Federal Reserve Banks

Reserve Bank Credit                                         811,624    -   2,020    +  28,964      813,567
 Securities held outright                                   744,185    +      10    +  26,596      744,189       
    U.S. Treasury (1)                                       744,185    +      10    +  26,596      744,189
       Bills (2)                                            271,270            0    +   8,472      271,270
       Notes and bonds, nominal (2)                         449,595            0    +  13,166      449,595
       Notes and bonds, inflation-indexed (2)                19,983            0    +   3,875       19,983
       Inflation compensation (3)                             3,337    +      11    +   1,083        3,341
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    27,179    -   3,714    +   2,358       28,250
 Loans to depository institutions                                81    -       5    +      20           89
    Primary credit                                               11    -       6    +       6           12
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              70    +       1    +      14           77
 Float                                                        2,046    +   1,080    +   2,292        2,361
 Other Federal Reserve assets                                38,133    +     609    -   2,302       38,678
Gold stock                                                   11,041            0    -       2       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,513    +      14    +      78       36,513
       
Total factors supplying reserve funds                       861,378    -   2,006    +  29,040      863,321
                                                                   
Currency in circulation(5)                                  779,342    +   1,276    +  28,194      782,179
Reverse repurchase agreements (6)                            25,172    -   3,628    -   2,290       26,575
   Foreign official and international accounts               25,172    -   3,628    -   2,290       26,575
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          199    -       5    -      78          198
Deposits with F.R.Banks, other than reserve balances         14,563    +     523    -     603       14,122       
  U.S. Treasury, general account                              5,396    +     464    +     349        4,990
  Foreign official                                               99    +      17    +      12           84
  Service-related                                             8,804    +      70    -     968        8,804
     Required clearing balances                               8,804    +      70    -     958        8,804
     Adjustments to compensate for float                          0            0    -      11            0
  Other                                                         265    -      28    +       6          244
Other liabilities and capital                                33,108    +     983    +   7,425       32,791

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  852,384    -     851    +  32,648      855,865

Reserve balances with Federal Reserve Banks                   8,994    -   1,155    -   3,608        7,456
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,510,484    -     890    + 184,395    1,510,793
     U.S. Treasury                                        1,103,050    -   2,318    +  45,913    1,102,760
     Federal agency                                         407,433    +   1,427    + 138,481      408,033
  Securities lent to dealers                                  3,820    +     484    +     848        2,115   


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 Dec 14, 2005      Dec 7, 2005     Dec 15, 2004

Assets
Gold certificate account                                        11,037                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               711        +      16        -      12
Securities, repurchase agreements, and loans                   772,528        -   3,770        +  26,061
   Securities held outright                                    744,189        +      10        +  26,528
      U.S. Treasury (1)                                        744,189        +      10        +  26,528       
         Bills (2)                                             271,270                0        +   8,409
         Notes and bonds, nominal (2)                          449,595                0        +  13,166
         Notes and bonds, inflation-indexed (2)                 19,983                0        +   3,875
         Inflation compensation (3)                              3,341        +      11        +   1,079
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    28,250        -   3,750        -     500    
   Loans                                                            89        -      30        +      33
Items in process of collection                    (1,058)        8,528        +     425        +   1,093
Bank premises                                                    1,848        -       1        +      86
Other assets (5)                                                36,810        +   1,042        -   2,122
      Total assets                                (1,058)      833,661        -   2,290        +  25,103
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  746,571        +   3,075        +  29,060
Reverse repurchase agreements (6)                               26,575        -   1,217        -   1,271
Deposits                                              (0)       21,546        -   4,080        -   8,955       
  Depository institutions                                       16,228        -   3,960        -   8,876
  U.S. Treasury, general account                                 4,990        -      86        -      29
  Foreign official                                                  84        +       3        -      31
  Other                                               (0)          244        -      37        -      18
Deferred availability cash items                  (1,058)        6,179        -     926        -     580
Other liabilities and accrued dividends (7)                      4,381        +      46        +   1,272
      Total liabilities                           (1,058)      805,252        -   3,100        +  19,526
                          
Capital Accounts
Capital paid in                                                 13,530        +       7        +   1,890
Surplus                                                         11,630                0        +   2,783
Other capital accounts                                           3,250        +     804        +     905
      Total capital                                             28,409        +     810        +   5,577


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,  December 14, 2005
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              25       48,464   +      33            0           0       23,250       26,575
16 days to 90 days          64      164,480   +     138            0           0        5,000            0
91 days to 1 year            0      186,613   -     171            0           0     ------      ------
Over 1 to 5 years     ------        210,735   +       5            0           0     ------      ------
Over 5 to 10 years    ------         56,694   +       2            0           0     ------      ------
Over 10 years         ------         77,204   +       5            0           0     ------      ------
                   		 	
All                         89      744,189   +      10            0           0       28,250      26,575

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  December 14, 2005
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        510      4,355        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                                             711         31         47         40         59         66         96         77         36         22         64         70        103
Securities, repurchase agreements,
      and loans                              772,528     38,075    323,354     26,401     31,438     56,797     57,585     67,046     23,101     15,555     21,068     36,652     75,456
   Securities held outright                  744,189     38,075    295,097     26,400     31,438     56,794     57,574     67,018     23,093     15,543     21,049     36,652     75,456
      U.S. Treasury (1)                      744,189     38,075    295,097     26,400     31,438     56,794     57,574     67,018     23,093     15,543     21,049     36,652     75,456
         Bills (2)                           271,270     13,879    107,568      9,623     11,460     20,702     20,987     24,429      8,418      5,666      7,673     13,360     27,505
         Notes and bonds(3)                  472,919     24,196    187,529     16,777     19,978     36,092     36,588     42,589     14,675      9,877     13,376     23,292     47,951
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                28,250          0     28,250          0          0          0          0          0          0          0          0          0          0
      Loans                                       89          0          7          1          0          3         10         28          8         13         19          0          0
Items in process of collection                 9,586        438        669        446        760        584      1,533        646        231        393        956      1,318      1,612
Bank premises                                  1,848        109        204         53        158        144        272        209         69        119         86        261        165
Other assets(5)                               36,810      3,181     13,933      1,110      2,405      4,753      2,076      2,550        884        733        665        959      3,559
Interdistrict settlement account                   0    - 3,161    -28,486    + 6,122    +   287    + 5,407    + 6,016    +   402    + 1,177    -   253    + 1,173    - 4,376    +15,693
          Total Assets                       834,720     39,298    314,950     34,687     35,664     68,734     68,687     72,069     25,897     16,813     24,396     35,531     97,994

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  December 14, 2005
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             905,201     39,191    328,439     37,540     36,539     69,743     82,647     76,577     27,392     17,912     27,498     50,551    111,170
  Less: notes held by F.R. Banks              158,630      4,998     44,130      6,633      5,656     12,743     20,952     11,113      3,698      2,967      5,406     18,068     22,268
    Federal Reserve notes, net                746,571     34,193    284,310     30,907     30,883     57,000     61,696     65,465     23,695     14,945     22,093     32,484     88,901
Reverse repurchase agreements (1)              26,575      1,360     10,538        943      1,123      2,028      2,056      2,393        825        555        752      1,309      2,695
Deposits                                       21,546      1,103     10,044        610        762      1,545      1,785      1,625        644        315        556        736      1,821
  Depository institutions                      16,228      1,096      4,824        609        757      1,478      1,783      1,622        640        314        554        736      1,817
  U.S. Treasury, general account                4,990          0      4,990          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 84          5         56          1          4          7          2          3          1          1          1          0          4
  Other                                           244          2        174          0          1         60          0          1          4          0          1          0          0
Deferred availability cash items                7,237        650        791        626        522        503        956        359        165        355        488        449      1,372
Other liabilities and accrued                 
  dividends (2)                                 4,381        221      1,493        179        222        507        346        391        155        121        135        212        398
   
    Total liabilities                         806,310     37,526    307,176     33,265     33,512     61,584     66,839     70,234     25,483     16,291     24,023     35,190     95,187
                              
Capital                    
Capital paid in                                13,530        316      3,684        744      1,013      3,942        892        876        143        245        175        153      1,346
Surplus                                        11,630      1,353      3,430        294      1,065      2,148        516        763        236        254        153        135      1,283
Other capital                                   3,250        102        661        385         74      1,060        441        195         35         22         45         53        179
     Total liabilities and capital            834,720     39,298    314,950     34,687     35,664     68,734     68,687     72,069     25,897     16,813     24,396     35,531     97,994
                              

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
                                          Dec 14, 2005
              
Federal Reserve notes outstanding             905,201
   Less: Notes held by F.R. Banks
         not subject to collateralization     158,630
      Federal Reserve Notes to be
         collateralized                       746,571 
Collateral held against Federal Reserve            
   notes                                      746,571
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              733,334
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         772,439
   Less:face value of securities under
         reverse repurchase agreements         26,640
      U.S. Treasury and agency securities
             eligible to be pledged           745,800
   

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.