FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           January 12, 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           Jan 11, 2006  Jan 4, 2006 Jan 12, 2005 Jan 11, 2006
Federal Reserve Banks

Reserve Bank Credit                                         815,874    -  16,920    +  35,197      810,656
 Securities held outright                                   744,249    +     418    +  26,427      744,479       
    U.S. Treasury (1)                                       744,249    +     418    +  26,427      744,479
       Bills (2)                                            271,410    +     140    +   8,440      271,585
       Notes and bonds, nominal (2)                         449,118    -      99    +  12,689      449,118
       Notes and bonds, inflation-indexed (2)                20,367    +     384    +   4,259       20,431
       Inflation compensation (3)                             3,354    -       6    +   1,039        3,345
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    30,393    -  18,357    +   7,500       25,000
 Loans to depository institutions                                39    -      25    -      26           79
    Primary credit                                               16    +       9    -      29           55
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              23    -      34    +       3           24
 Float                                                        1,301    +     448    +     662          940
 Other Federal Reserve assets                                39,892    +     596    +     634       40,157
Gold stock                                                   11,043            0    -       2       11,043
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,624    +      14    +     190       36,624
       
Total factors supplying reserve funds                       865,742    -  16,905    +  35,386      860,523
                                                                   
Currency in circulation(5)                                  786,833    -   6,872    +  36,794      785,128
Reverse repurchase agreements (6)                            25,148    -   5,283    -   4,816       25,020
   Foreign official and international accounts               25,148    -   5,283    -   4,816       25,020
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          203    +       1    -      70          211
Deposits with F.R.Banks, other than reserve balances         14,538    -     535    -     524       14,247       
  U.S. Treasury, general account                              4,795    +      61    -     350        4,465
  Foreign official                                               82    -       3    +       3           81
  Service-related                                             9,374    +     722    -     218        9,374
     Required clearing balances                               9,374    +     722    -     218        9,374
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         287    -   1,315    +      40          327
Other liabilities and capital                                31,464    +     572    +   5,759       31,206

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  858,186    -  12,117    +  37,143      855,812

Reserve balances with Federal Reserve Banks                   7,556    -   4,788    -   1,757        4,711
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,530,905    +   7,362    + 179,849    1,535,448
     U.S. Treasury                                        1,100,908    +   4,923    +  29,348    1,106,955
     Federal agency                                         429,998    +   2,440    + 150,502      428,492
  Securities lent to dealers                                  2,127    -   1,568    -     542        2,516   


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 Jan 11, 2006      Jan 4, 2006     Jan 12, 2005

Assets
Gold certificate account                                        11,039                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               708        +      25        -      29
Securities, repurchase agreements, and loans                   769,558        -  19,849        +  33,435
   Securities held outright                                    744,479        +   1,609        +  26,656
      U.S. Treasury (1)                                        744,479        +   1,609        +  26,656       
         Bills (2)                                             271,585        +     315        +   8,615
         Notes and bonds, nominal (2)                          449,118        +     844        +  12,689
         Notes and bonds, inflation-indexed (2)                 20,431        +     448        +   4,323
         Inflation compensation (3)                              3,345        +       3        +   1,029
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    25,000        -  21,500        +   6,750    
   Loans                                                            79        +      42        +      29
Items in process of collection                    (1,515)        8,057        -   3,756        +      63
Bank premises                                                    1,821        +       1        +      45
Other assets (5)                                                38,693        +   1,089        -   1,468
      Total assets                                (1,515)      832,075        -  22,491        +  32,043
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  749,419        -   7,115        +  35,568
Reverse repurchase agreements (6)                               25,020        -   2,547        -   2,211
Deposits                                              (0)       19,314        -  10,789        -   6,718       
  Depository institutions                                       14,441        -  11,394        -   6,268
  U.S. Treasury, general account                                 4,465        +     543        -     486
  Foreign official                                                  81                0        -       7
  Other                                               (0)          327        +      62        +      43
Deferred availability cash items                  (1,515)        7,116        -   2,285        +     393
Other liabilities and accrued dividends (7)                      3,967        +      57        +   1,164
      Total liabilities                           (1,515)      804,837        -  22,678        +  28,197
                          
Capital Accounts
Capital paid in                                                 13,543        +       1        +   1,535
Surplus                                                         12,916        +      11        +   1,963
Other capital accounts                                             780        +     176        +     349
      Total capital                                             27,239        +     188        +   3,847


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,   January 11, 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              57       50,987   +   1,460            0           0       25,000       25,020
16 days to 90 days          22      163,274   -     819            0           0            0            0
91 days to 1 year            0      185,571   -     326            0           0     ------      ------
Over 1 to 5 years     ------        210,059   +     605            0           0     ------      ------
Over 5 to 10 years    ------         57,306   +     612            0           0     ------      ------
Over 10 years         ------         77,283   +      79            0           0     ------      ------
                   		 	
All                         79      744,479   +   1,609            0           0       25,000      25,020

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   January 11, 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                      11,039        510      4,357        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                                             708         30         50         36         53         71         95         86         43         25         63         66         90
Securities, repurchase agreements,
      and loans                              769,558     38,090    320,213     26,410     31,451     56,817     57,597     67,056     23,102     15,550     21,066     36,669     75,539
   Securities held outright                  744,479     38,090    295,212     26,410     31,451     56,816     57,597     67,044     23,102     15,549     21,057     36,667     75,485
      U.S. Treasury (1)                      744,479     38,090    295,212     26,410     31,451     56,816     57,597     67,044     23,102     15,549     21,057     36,667     75,485
         Bills (2)                           271,585     13,895    107,693      9,634     11,473     20,726     21,011     24,457      8,428      5,672      7,682     13,376     27,537
         Notes and bonds(3)                  472,894     24,195    187,519     16,776     19,977     36,090     36,586     42,586     14,674      9,877     13,375     23,291     47,949
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                25,000          0     25,000          0          0          0          0          0          0          0          0          0          0
      Loans                                       79          0          1          0          0          1          0         13          0          1          9          2         53
Items in process of collection                 9,572        518        530        607        759        934      1,764        421        332        363        813        821      1,710
Bank premises                                  1,821        111        206         53        157        153        232        210         69        119         84        261        164
Other assets(5)                               38,693      3,284     14,522      1,142      2,496      4,911      2,427      2,673        919        765        702      1,132      3,719
Interdistrict settlement account                   0    - 4,506    -32,011    + 5,695    +   264    + 6,041    + 8,485    +   545    + 1,521    -   173    + 1,853    - 3,928    +16,214
          Total Assets                       833,590     38,152    308,741     34,458     35,737     69,910     71,711     72,132     26,384     16,891     24,965     35,667     98,843

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   January 11, 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             908,508     39,152    327,570     37,442     36,449     70,072     86,007     77,580     28,072     17,897     27,733     50,083    110,451
  Less: notes held by F.R. Banks              159,090      4,760     46,632      7,176      5,540     12,171     21,066     11,608      3,681      2,882      5,285     17,541     20,748
    Federal Reserve notes, net                749,419     34,393    280,938     30,266     30,910     57,900     64,942     65,972     24,391     15,015     22,447     32,542     89,703
Reverse repurchase agreements (1)              25,020      1,280      9,921        888      1,057      1,909      1,936      2,253        776        523        708      1,232      2,537
Deposits                                       19,314        855      7,769      1,002        750      1,671      1,600      1,257        516        345        629        768      2,151
  Depository institutions                      14,441        846      3,094      1,001        744      1,504      1,598      1,254        514        344        627        768      2,147
  U.S. Treasury, general account                4,465          0      4,465          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 81          5         52          1          4          7          2          3          1          1          1          0          4
  Other                                           327          4        158          0          3        160          0          1          1          0          1          0          0
Deferred availability cash items                8,632        720      1,076        638        744        707      1,069        452        244        396        687        581      1,318
Other liabilities and accrued                 
  dividends (2)                                 3,967        215      1,388        165        207        341        327        372        149        110        127        207        359
   
    Total liabilities                         806,352     37,463    301,092     32,959     33,667     62,530     69,873     70,307     26,075     16,388     24,598     35,331     96,068
                              
Capital                    
Capital paid in                                13,543        317      3,685        744      1,014      3,943        893        884        144        243        175        153      1,349
Surplus                                        12,916        317      3,685        744      1,013      3,322        892        876        144        245        175        153      1,349
Other capital                                     780         55        279         11         42        116         53         65         20         14         17         31         77
     Total liabilities and capital            833,590     38,152    308,741     34,458     35,737     69,910     71,711     72,132     26,384     16,891     24,965     35,667     98,843
                              

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
                                          Jan 11, 2006
              
Federal Reserve notes outstanding             908,508
   Less: Notes held by F.R. Banks
         not subject to collateralization     159,090
      Federal Reserve Notes to be
         collateralized                       749,419 
Collateral held against Federal Reserve            
   notes                                      749,419
   Gold certificate account                    11,039
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              736,180
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         769,479
   Less:face value of securities under
         reverse repurchase agreements         25,050
      U.S. Treasury and agency securities
             eligible to be pledged           744,429
   

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.