FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             March 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           Mar 15, 2006  Mar 8, 2006 Mar 16, 2005 Mar 15, 2006
Federal Reserve Banks

Reserve Bank Credit                                         820,050    +   4,672    +  34,695      821,701
 Securities held outright                                   756,617    +   1,665    +  39,105      757,213       
    U.S. Treasury (1)                                       756,617    +   1,665    +  39,105      757,213
       Bills (2)                                            274,142            0    +  11,137      274,142
       Notes and bonds, nominal (2)                         457,020    +   1,550    +  23,924      457,177
       Notes and bonds, inflation-indexed (2)                22,260    +      64    +   3,152       22,646
       Inflation compensation (3)                             3,194    +      50    +     892        3,247
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    28,536    +   2,857    +     429       29,750
 Loans to depository institutions                                59    -       3    +      15           60
    Primary credit                                               10    -      10    +       2           12
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              49    +       7    +      14           48
 Float                                                          685    -     165    +   1,421          244
 Other Federal Reserve assets                                34,155    +     320    -   6,274       34,435
Gold stock                                                   11,044            0    +       2       11,044
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,623    +      14    +      78       36,623
       
Total factors supplying reserve funds                       869,918    +   4,687    +  34,776      871,568
                                                                   
Currency in circulation(5)                                  788,533    +     682    +  36,581      789,517
Reverse repurchase agreements (6)                            24,599    +     382    -     766       24,293
   Foreign official and international accounts               24,599    +     382    -     766       24,293
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          194    +       7    -      58          197
Deposits with F.R.Banks, other than reserve balances         12,967    -     560    -   2,328       11,399       
  U.S. Treasury, general account                              4,479    -     549    -     639        2,844
  Foreign official                                               99    +      14    +      11          150
  Service-related                                             8,144            0    -   1,410        8,144
     Required clearing balances                               8,144            0    -   1,410        8,144
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         245    -      24    -     290          261
Other liabilities and capital                                32,597    +      83    +   4,469       32,443

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  858,891    +     595    +  37,898      857,849

Reserve balances with Federal Reserve Banks                  11,027    +   4,092    -   3,122       13,719
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,594,966    +   3,260    + 210,027    1,588,293
     U.S. Treasury                                        1,133,573    -   3,028    +  48,425    1,125,006
     Federal agency                                         461,393    +   6,287    + 161,602      463,286
  Securities lent to dealers                                  4,023    +   2,203    +   2,200        5,980   


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 Mar 15, 2006      Mar 8, 2006     Mar 16, 2005

Assets
Gold certificate account                                        11,040                0        +       3
Special drawing rights certificate account                       2,200                0                0
Coin                                                               799        -      21        +      53
Securities, repurchase agreements, and loans                   787,023        +   4,904        +  39,199
   Securities held outright                                    757,213        +   1,637        +  39,698
      U.S. Treasury (1)                                        757,213        +   1,637        +  39,698       
         Bills (2)                                             274,142                0        +  11,137
         Notes and bonds, nominal (2)                          457,177        +   1,100        +  24,081
         Notes and bonds, inflation-indexed (2)                 22,646        +     450        +   3,538
         Inflation compensation (3)                              3,247        +      87        +     941
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    29,750        +   3,250        -     500    
   Loans                                                            60        +      17        +       2
Items in process of collection                    (1,011)        6,525        -   1,586        -     129
Bank premises                                                    1,822        +       1        +      25
Other assets (5)                                                36,751        +     544        -   1,978
      Total assets                                (1,011)      846,160        +   3,841        +  37,173
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  753,886        +      98        +  36,103
Reverse repurchase agreements (6)                               24,293        +     483        -     646
Deposits                                              (0)       29,301        +   3,579        -   2,072       
  Depository institutions                                       26,046        +   5,490        -     245
  U.S. Treasury, general account                                 2,844        -   2,007        -   1,902
  Foreign official                                                 150        +      64        +      68
  Other                                               (0)          261        +      31        +       7
Deferred availability cash items                  (1,011)        6,238        -     644        -     817
Other liabilities and accrued dividends (7)                      4,508        +      42        +   1,420
      Total liabilities                           (1,011)      818,225        +   3,557        +  33,986
                          
Capital Accounts
Capital paid in                                                 13,705        -      25        +   1,169
Surplus                                                         12,901                0        +   1,654
Other capital accounts                                           1,328        +     309        +     362
      Total capital                                             27,935        +     285        +   3,186


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,     March 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              21       46,914   -   1,093            0           0       29,750       24,293
16 days to 90 days          39      174,974   +     676            0           0            0            0
91 days to 1 year            0      184,570   +     421            0           0     ------      ------
Over 1 to 5 years     ------        215,452   +   1,501            0           0     ------      ------
Over 5 to 10 years    ------         55,362   +       7            0           0     ------      ------
Over 10 years         ------         79,942   +     126            0           0     ------      ------
                   		 	
All                         60      757,213   +   1,637            0           0       29,750      24,293

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     March 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                                             799         40         66         48         65         76         94         96         44         32         66         68        104
Securities, repurchase agreements,
      and loans                              787,023     38,748    330,011     26,862     31,988     57,788     58,582     68,223     23,503     15,821     21,418     37,296     76,782
   Securities held outright                  757,213     38,741    300,261     26,862     31,988     57,788     58,582     68,191     23,497     15,815     21,417     37,294     76,777
      U.S. Treasury (1)                      757,213     38,741    300,261     26,862     31,988     57,788     58,582     68,191     23,497     15,815     21,417     37,294     76,777
         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)                  483,071     24,715    191,554     17,137     20,407     36,866     37,373     43,503     14,990     10,089     13,663     23,792     48,980
         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                                       60          7          0          0          0          0          0         32          6          6          1          2          6
Items in process of collection                 7,536        677        235        510        733        396      1,684        296        421        266        521        445      1,353
Bank premises                                  1,822        113        206         54        157        152        232        211         70        119         91        260        159
Other assets(5)                               36,751      1,203     13,678      1,726      2,141      6,521      2,467      2,569        703        674        669        960      3,439
Interdistrict settlement account                   0    - 3,626    -33,399    + 6,445    + 1,840    + 8,980    + 9,103    - 2,065    +   517    -   260    + 2,269    - 4,171    +14,367
          Total Assets                       847,171     37,780    316,028     36,160     37,481     74,896     73,272     70,470     25,657     16,893     25,419     35,505     97,610

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     March 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             911,825     38,826    328,315     39,035     36,964     72,956     87,387     76,739     27,815     17,655     27,500     49,491    109,143
  Less: notes held by F.R. Banks              157,939      4,882     44,537      6,674      5,431     12,508     22,033     12,762      4,209      2,607      4,523     16,969     20,804
    Federal Reserve notes, net                753,886     33,944    283,778     32,361     31,533     60,448     65,353     63,977     23,605     15,048     22,977     32,522     88,339
Reverse repurchase agreements (1)              24,293      1,243      9,633        862      1,026      1,854      1,879      2,188        754        507        687      1,196      2,463
Deposits                                       29,301      1,226     12,582        600      1,988      3,957      2,350      1,762        638        376        719        775      2,327
  Depository institutions                      26,046      1,223      9,443        598      1,984      3,894      2,347      1,758        608        376        717        774      2,323
  U.S. Treasury, general account                2,844          0      2,844          0          0          0          0          0          0          0          0          0          0
  Foreign official                                150          1        121          2          3         11          3          3          0          1          1          0          4
  Other                                           261          2        174          0          1         52          0          1         29          0          1          0          0
Deferred availability cash items                7,249        446        763        621        667        561      1,191        313        177        337        519        378      1,276
Other liabilities and accrued                 
  dividends (2)                                 4,508        239      1,585        184        220        426        368        410        166        121        140        227        422
   
    Total liabilities                         819,236     37,098    308,341     34,628     35,434     67,246     71,142     68,650     25,340     16,390     25,042     35,098     94,828
                              
Capital                    
Capital paid in                                13,705        324      3,669        750      1,000      3,946      1,035        877        144        244        179        188      1,352
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   1,328         41        333         38         34        397        203         67         29         15         23         67         82
     Total liabilities and capital            847,171     37,780    316,028     36,160     37,481     74,896     73,272     70,470     25,657     16,893     25,419     35,505     97,610
                              

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
                                          Mar 15, 2006
              
Federal Reserve notes outstanding             911,825
   Less: Notes held by F.R. Banks
         not subject to collateralization     157,939
      Federal Reserve Notes to be
         collateralized                       753,886 
Collateral held against Federal Reserve            
   notes                                      753,886
   Gold certificate account                    11,040
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              740,646
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         786,963
   Less:face value of securities under
         reverse repurchase agreements         24,324
      U.S. Treasury and agency securities
             eligible to be pledged           762,638
   

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.