FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          November 25, 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           Nov 23, 2005 Nov 16, 2005 Nov 24, 2004 Nov 23, 2005
Federal Reserve Banks

Reserve Bank Credit                                         806,510    -   2,363    +  26,640      815,172
 Securities held outright                                   743,500    +   1,425    +  32,236      744,301       
    U.S. Treasury (1)                                       743,500    +   1,425    +  32,236      744,301
       Bills (2)                                            271,128    +     110    +  10,264      271,270
       Notes and bonds, nominal (2)                         449,158    +   1,252    +  16,632      449,784
       Notes and bonds, inflation-indexed (2)                19,983            0    +   4,300       19,983
       Inflation compensation (3)                             3,231    +      63    +   1,040        3,263
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    24,571    -   1,036    -   4,036       32,500
 Loans to depository institutions                               118    -      34    +      42          108
    Primary credit                                               23    -      23    +      18           11
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              94    -      12    +      23           97
 Float                                                        1,097    -     599    +     589          770
 Other Federal Reserve assets                                37,224    -   2,119    -   2,190       37,494
Gold stock                                                   11,041            0    -       2       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,527    +      14    +     110       36,527
       
Total factors supplying reserve funds                       856,277    -   2,350    +  26,747      864,940
                                                                   
Currency in circulation(5)                                  776,978    +     707    +  27,155      781,203
Reverse repurchase agreements (6)                            24,928    -     629    -   2,727       24,487
   Foreign official and international accounts               24,928    -     629    -   2,727       24,487
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          210    -       9    -      83          204
Deposits with F.R.Banks, other than reserve balances         14,334    +     621    -     423       13,335       
  U.S. Treasury, general account                              5,107    +     585    +     688        4,162
  Foreign official                                               81    -       7    -       1           80
  Service-related                                             8,823    -      18    -   1,138        8,823
     Required clearing balances                               8,823    -       2    -   1,138        8,823
     Adjustments to compensate for float                          0    -      16            0            0
  Other                                                         323    +      61    +      29          270
Other liabilities and capital                                32,111    +     370    +   6,744       32,097

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  848,561    +   1,059    +  30,665      851,326

Reserve balances with Federal Reserve Banks                   7,717    -   3,408    -   3,917       13,614
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,499,649    +  11,590    + 182,902    1,503,176
     U.S. Treasury                                        1,098,431    +   7,586    +  37,220    1,100,887
     Federal agency                                         401,218    +   4,004    + 145,683      402,289
  Securities lent to dealers                                  3,701    +     712    -     618        9,342   


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 Nov 23, 2005     Nov 16, 2005     Nov 24, 2004

Assets
Gold certificate account                                        11,036                0        -       3
Special drawing rights certificate account                       2,200                0                0
Coin                                                               706        -      22        -      33
Securities, repurchase agreements, and loans                   776,908        +  13,923        +  26,241
   Securities held outright                                    744,301        +   1,423        +  32,706
      U.S. Treasury (1)                                        744,301        +   1,423        +  32,706       
         Bills (2)                                             271,270        +     252        +  10,080
         Notes and bonds, nominal (2)                          449,784        +   1,096        +  17,258
         Notes and bonds, inflation-indexed (2)                 19,983                0        +   4,300
         Inflation compensation (3)                              3,263        +      75        +   1,067
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    32,500        +  12,500        -   6,500    
   Loans                                                           108        +       1        +      36
Items in process of collection                    (1,033)        7,467        -   4,502        +     420
Bank premises                                                    1,843        +       2        +      90
Other assets (5)                                                35,601        +     475        -   2,357
      Total assets                                (1,033)      835,761        +   9,876        +  24,358
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  745,582        +   4,291        +  26,686
Reverse repurchase agreements (6)                               24,487        -     831        -   3,597
Deposits                                              (0)       26,896        +   7,178        -   5,379       
  Depository institutions                                       22,384        +   7,423        -   4,936
  U.S. Treasury, general account                                 4,162        -     254        -     413
  Foreign official                                                  80        -       1        -       4
  Other                                               (0)          270        +       9        -      26
Deferred availability cash items                  (1,033)        6,699        -   1,309        -     258
Other liabilities and accrued dividends (7)                      4,194        +      45        +   1,186
      Total liabilities                           (1,033)      807,859        +   9,375        +  18,640
                          
Capital Accounts
Capital paid in                                                 13,498        +      40        +   1,927
Surplus                                                         11,630                0        +   2,783
Other capital accounts                                           2,775        +     461        +   1,010
      Total capital                                             27,903        +     501        +   5,719


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,  November 23, 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             104       55,815   -     282            0           0       32,500       24,487
16 days to 90 days           4      155,572   +   3,542            0           0            0            0
91 days to 1 year            0      188,251   -   3,008            0           0     ------      ------
Over 1 to 5 years     ------        210,812   +   1,125            0           0     ------      ------
Over 5 to 10 years    ------         56,681   +   3,241            0           0     ------      ------
Over 10 years         ------         77,170   -   3,195            0           0     ------      ------
                   		 	
All                        108      744,301   +   1,423            0           0       32,500      24,487

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  November 23, 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                      11,036        510      4,354        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                                             706         30         52         47         55         61         97         72         34         22         59         70        107
Securities, repurchase agreements,
      and loans                              776,908     38,081    327,641     26,407     31,443     56,802     57,589     67,058     23,115     15,563     21,073     36,661     75,475
   Securities held outright                  744,301     38,081    295,141     26,404     31,443     56,802     57,583     67,028     23,096     15,545     21,052     36,658     75,467
      U.S. Treasury (1)                      744,301     38,081    295,141     26,404     31,443     56,802     57,583     67,028     23,096     15,545     21,052     36,658     75,467
         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)                  473,030     24,202    187,573     16,781     19,983     36,100     36,596     42,599     14,679      9,880     13,379     23,297     47,962
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                32,500          0     32,500          0          0          0          0          0          0          0          0          0          0
      Loans                                      108          0          0          3          0          0          6         30         19         18         21          3          8
Items in process of collection                 8,499        453        436        347        274        416      2,277        432        241        350        980        465      1,827
Bank premises                                  1,843        108        204         53        158        143        272        209         69        120         81        262        165
Other assets(5)                               35,601      3,101     13,535        982      2,356      4,615      1,965      2,451        868        715        644        919      3,451
Interdistrict settlement account                   0    - 3,287    -32,323    + 6,894    + 1,585    + 6,800    + 3,215    + 2,347    +   239    -   437    +   458    - 2,936    +17,446
          Total Assets                       836,794     39,110    314,772     35,246     36,428     69,821     66,526     73,709     24,964     16,576     23,679     36,087     99,877

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  November 23, 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             899,236     39,003    328,896     37,448     36,456     68,930     81,432     76,591     26,379     17,222     26,276     50,149    110,452
  Less: notes held by F.R. Banks              153,655      4,569     44,739      5,862      5,364     12,533     21,966     10,231      3,483      2,598      5,184     17,023     20,104
    Federal Reserve notes, net                745,582     34,435    284,157     31,586     31,092     56,398     59,466     66,361     22,896     14,625     21,091     33,126     90,348
Reverse repurchase agreements (1)              24,487      1,253      9,710        869      1,034      1,869      1,894      2,205        760        511        693      1,206      2,483
Deposits                                       26,896        862     11,000        664      1,469      3,563      2,013      2,564        579        311        622        709      2,538
  Depository institutions                      22,384        854      6,613        663      1,465      3,474      2,011      2,561        572        310        621        709      2,531
  U.S. Treasury, general account                4,162          0      4,162          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 80          5         52          1          4          7          2          3          1          1          1          0          4
  Other                                           270          3        173          0          1         82          1          0          7          0          1          0          2
Deferred availability cash items                7,732        623        779        591        501        544        980        384        175        496        775        503      1,380
Other liabilities and accrued                 
  dividends (2)                                 4,194        217      1,449        171        213        434        339        380        151        117        133        208        382
   
    Total liabilities                         808,891     37,390    307,095     33,881     34,309     62,808     64,694     71,894     24,562     16,061     23,314     35,753     97,132
                              
Capital                    
Capital paid in                                13,498        315      3,682        746      1,010      3,941        888        874        143        245        174        153      1,328
Surplus                                        11,630      1,353      3,430        294      1,065      2,148        516        763        236        254        153        135      1,283
Other capital                                   2,775         52        566        325         44        924        428        177         23         16         39         47        134
     Total liabilities and capital            836,794     39,110    314,772     35,246     36,428     69,821     66,526     73,709     24,964     16,576     23,679     36,087     99,877
                              

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
                                          Nov 23, 2005
              
Federal Reserve notes outstanding             899,236
   Less: Notes held by F.R. Banks
         not subject to collateralization     153,655
      Federal Reserve Notes to be
         collateralized                       745,582 
Collateral held against Federal Reserve            
   notes                                      745,582
   Gold certificate account                    11,036
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              732,345
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         776,801
   Less:face value of securities under
         reverse repurchase agreements         24,514
      U.S. Treasury and agency securities
             eligible to be pledged           752,287
   

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.