Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 820,825 + 776 + 37,347 816,907

Securities held outright 757,241 + 624 + 39,719 757,257

U.S. Treasury1 757,241 + 624 + 39,719 757,257

Bills2 274,142 0 + 11,137 274,142

Notes and bonds, nominal2 457,177 + 157 + 24,081 457,177

Notes and bonds, inflation-indexed2 22,646 + 386 + 3,538 22,646

Inflation compensation3 3,275 + 81 + 963 3,292

Federal agency2 0 0 0 0

Repurchase agreements4 28,893 + 357 + 2,929 25,750

Loans to depository institutions 403 + 344 + 360 201

Primary credit 350 + 340 + 345 148

Secondary credit 0 0 0 0

Seasonal credit 52 + 3 + 14 53

Float -519 - 1,202 + 214 -1,189

Other Federal Reserve assets 34,808 + 653 - 5,873 34,888

Gold stock 11,044 0 + 2 11,044

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

Treasury currency outstanding5 36,637 + 14 + 92 36,637

Total factors supplying reserve funds 870,706 + 790 + 37,441 866,788

Currency in circulation5 787,714 - 819 + 35,717 788,548

Reverse repurchase agreements6 25,013 + 414 - 1,035 24,151

Foreign official and international accounts 25,013 + 414 - 1,035 24,151

Dealers 0 0 0 0

Treasury cash holdings 198 + 4 - 59 204

Deposits with F.R. Banks, other than reserve balances 13,525 + 558 - 515 12,689

U.S. Treasury, general account 5,142 + 663 + 174 4,414

Foreign official 172 + 73 + 84 71

Service-related 7,980 - 164 - 752 7,980

Required clearing balances 7,980 - 164 - 752 7,980

Adjustments to compensate for float 0 0 0 0

Other 231 - 14 - 21 223

Other liabilities and capital 33,070 + 473 + 5,095 32,537

Total factors, other than reserve balances,

absorbing reserve funds 859,519 + 628 + 39,203 858,129

Reserve balances with Federal Reserve Banks 11,187 + 162 - 1,762 8,659

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,586,949 - 8,017 + 198,263 1,588,379

U.S. Treasury 1,123,105 - 10,468 + 37,633 1,123,855

Federal agency 463,844 + 2,451 + 160,631 464,524

Securities lent to dealers 1,627 - 2,396 - 1,063 942

FEDERAL RESERVE statistical release

 March 23, 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

 Mar 22, 2006 Week ended

 Mar 22, 2006 Mar 15, 2006 Mar 23, 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 11,040 0 + 3

Special drawing rights certificate account 2,200 0 0

Coin 795 - 4 + 65

Securities, repurchase agreements, and loans 783,208 - 3,815 + 46,389

Securities held outright 757,257 + 44 + 39,731

U.S. Treasury1 757,257 + 44 + 39,731

Bills2 274,142 0 + 11,137

Notes and bonds, nominal2 457,177 0 + 24,081

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

Inflation compensation3 3,292 + 45 + 976

Federal agency2 0 0 0

Repurchase agreements4 25,750 - 4,000 + 6,500

Loans 201 + 141 + 158

Items in process of collection (1,193) 4,898 - 1,627 - 2,823

Bank premises 1,825 + 3 + 24

Other assets5 37,200 + 449 - 1,382

Total assets (1,193) 841,165 - 4,995 + 42,276

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 752,905 - 981 + 35,333

Reverse repurchase agreements6 24,151 - 142 - 340

Deposits (0) 25,480 - 3,821 + 2,789

Depository institutions 20,771 - 5,275 + 3,078

U.S. Treasury, general account 4,414 + 1,570 - 263

Foreign official 71 - 79 - 12

Other (0) 223 - 38 - 16

Deferred availability cash items (1,193) 6,092 - 146 - 563

Other liabilities and accrued dividends7 4,574 + 66 + 1,394

Total liabilities (1,193) 813,202 - 5,023 + 38,613

Capital accounts

Capital paid in 13,731 + 26 + 1,173

Surplus 12,901 0 + 1,701

Other capital accounts 1,331 + 3 + 789

Total capital 27,963 + 28 + 3,663

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Mar 23, 2005

Eliminations from

consolidation Wednesday

 Mar 22, 2006

Wednesday

 Mar 15, 2006

3. Maturity Distribution of Loans and Securities, March 22, 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 201 54,496 + 7,582 0 0 25,750 24,151

16 days to 90 days 0 167,102 - 7,872 0 0 0 0

91 days to 1 year 0 184,863 + 293 0 0 . . . . . . 

Over 1 year to 5 years . . . 215,466 + 14 0 0 . . . . . . 

Over 5 years to 10 years . . . 55,368 + 6 0 0 . . . . . . 

Over 10 years . . . 79,962 + 20 0 0 . . . . . . 

All 201 757,257 + 44 0 0 25,750 24,151

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on March 22, 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.

 11,040 2,200 795 783,208 757,257 757,257 274,142 483,115 0 25,750 201 6,090 1,825 37,200 0 842,357

Assets, liabilities, and capital

 4,358 874 68 326,029 300,279 300,279 108,707 191,572 0 25,750 0 461 206 13,867 -26,505 319,358

 510 115 39 38,753 38,744 38,744 14,026 24,718 0 0 10 495 113 1,228 - 4,089 37,165

 432 83 49 26,863 26,863 26,863 9,725 17,138 0 0 0 461 55 1,670 + 6,752 36,364

 453 104 63 31,990 31,990 31,990 11,581 20,409 0 0 0 492 157 2,168 + 370 35,798

 836 147 76 57,791 57,791 57,791 20,922 36,870 0 0 0 376 153 6,580 + 6,190 72,149

 945 166 89 58,585 58,585 58,585 21,209 37,376 0 0 0 1,096 232 2,519 + 9,000 72,632

 928 212 95 68,228 68,195 68,195 24,688 43,507 0 0 34 156 210 2,613 - 2,785 69,657

 327 71 42 23,498 23,498 23,498 8,507 14,991 0 0 0 230 70 717 + 580 25,536

 2   15,8 15,8 15,8 5,7 10,0    2 1 6 - 3 16,8
 912,613

 159,708 752,905 752,905 11,040 2,200 739,665 0 783,007 24,183 758,824

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.

 912,613 159,708 752,905 24,151 25,480 20,771 4,414 71 223 7,285 4,574 814,394 13,731 12,901 1,331 842,357

 38,618 4,872 33,745 1,236 757 755 0 1 1 501 241 36,481 324 317 43 37,165

 329,568 45,251 284,316 9,577 15,292 10,666 4,414 42 169 913 1,606 311,704 3,669 3,685 300 319,358

 39,129 6,837 32,292 857 642 639 0 2 0 861 188 34,839 750 744 32 36,364

 36,829 5,559 31,270 1,020 685 679 0 3 3 555 222 33,751 1,000 1,013 34 35,798

 72,933 12,808 60,125 1,843 1,433 1,376 0 11 46 595 436 64,432 3,946 3,307 464 72,149

 87,708 22,061 65,648 1,868 1,649 1,646 0 3 0 966 373 70,504 1,035 892 201 72,632

 76,417 12,739 63,679 2,175 1,228 1,225 0 3 1 346 419 67,846 877 876 58 69,657

 27,796 4,147 23,649 749 492 490 0 0 1 171 165 25,226 144 144 22 25,536

 17,5 2,5 15,0 5 3 3    3 1 16,3 2 2  16,8

H.4.14. Statement of Condition of Each Federal Reserve Bank on March 22, 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

 Mar 22, 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.