Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 816,436 + 562 + 33,129 815,472

Securities held outright 745,519 + 1,270 + 27,694 745,685

U.S. Treasury1 745,519 + 1,270 + 27,694 745,685

Bills2 272,655 + 1,245 + 9,685 272,834

Notes and bonds, nominal2 449,118 0 + 12,689 449,118

Notes and bonds, inflation-indexed2 20,431 + 64 + 4,323 20,431

Inflation compensation3 3,315 - 39 + 998 3,302

Federal agency2 0 0 0 0

Repurchase agreements4 29,571 - 822 + 4,785 23,250

Loans to depository institutions 321 + 282 + 268 2,056

Primary credit 292 + 276 + 257 2,026

Secondary credit 0 0 0 0

Seasonal credit 29 + 6 + 10 31

Float 846 - 455 - 95 4,615

Other Federal Reserve assets 40,179 + 287 + 476 39,866

Gold stock 11,043 0 - 2 11,043

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

Treasury currency outstanding5 36,638 + 14 + 204 36,638

Total factors supplying reserve funds 866,318 + 576 + 33,332 865,353

Currency in circulation5 784,942 - 1,891 + 36,097 784,877

Reverse repurchase agreements6 24,569 - 579 - 3,011 24,729

Foreign official and international accounts 24,569 - 579 - 3,011 24,729

Dealers 0 0 0 0

Treasury cash holdings 210 + 7 - 47 207

Deposits with F.R. Banks, other than reserve balances 14,550 + 12 - 251 15,179

U.S. Treasury, general account 4,810 + 15 + 29 5,429

Foreign official 88 + 6 + 7 78

Service-related 9,374 0 - 219 9,374

Required clearing balances 9,374 0 - 218 9,374

Adjustments to compensate for float 0 0 - 2 0

Other 278 - 9 - 68 298

Other liabilities and capital 31,420 - 44 + 5,141 30,907

Total factors, other than reserve balances,

absorbing reserve funds 855,692 - 2,494 + 37,931 855,900

Reserve balances with Federal Reserve Banks 10,626 + 3,070 - 4,599 9,453

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,532,711 + 1,806 + 189,133 1,536,010

U.S. Treasury 1,101,324 + 416 + 32,486 1,105,136

Federal agency 431,386 + 1,388 + 156,646 430,874

Securities lent to dealers 1,698 - 429 - 466 5,631

FEDERAL RESERVE statistical release

 January 19, 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

 Jan 18, 2006 Week ended

 Jan 18, 2006 Jan 11, 2006 Jan 19, 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 11,039 0 - 2

Special drawing rights certificate account 2,200 0 0

Coin 729 + 21 - 22

Securities, repurchase agreements, and loans 770,991 + 1,433 + 30,604

Securities held outright 745,685 + 1,206 + 27,860

U.S. Treasury1 745,685 + 1,206 + 27,860

Bills2 272,834 + 1,249 + 9,864

Notes and bonds, nominal2 449,118 0 + 12,689

Notes and bonds, inflation-indexed2 20,431 0 + 4,323

Inflation compensation3 3,302 - 43 + 984

Federal agency2 0 0 0

Repurchase agreements4 23,250 - 1,750 + 750

Loans 2,056 + 1,977 + 1,995

Items in process of collection (2,633) 13,946 + 5,889 + 1,396

Bank premises 1,822 + 1 + 43

Other assets5 38,048 - 645 - 1,789

Total assets (2,633) 838,775 + 6,700 + 30,231

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 749,172 - 247 + 35,708

Reverse repurchase agreements6 24,729 - 291 - 2,865

Deposits (0) 24,635 + 5,321 - 7,513

Depository institutions 18,831 + 4,390 - 7,709

U.S. Treasury, general account 5,429 + 964 + 287

Foreign official 78 - 3 - 1

Other (0) 298 - 29 - 89

Deferred availability cash items (2,633) 9,331 + 2,215 - 31

Other liabilities and accrued dividends7 3,951 - 16 + 1,167

Total liabilities (2,633) 811,818 + 6,981 + 26,466

Capital accounts

Capital paid in 13,548 + 5 + 1,533

Surplus 12,916 0 + 1,970

Other capital accounts 493 - 287 + 262

Total capital 26,957 - 282 + 3,765

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jan 19, 2005

Eliminations from

consolidation Wednesday

 Jan 18, 2006

Wednesday

 Jan 11, 2006

3. Maturity Distribution of Loans and Securities, January 18, 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 2,056 58,806 + 7,819 0 0 23,250 24,729

16 days to 90 days 0 156,744 - 6,530 0 0 0 0

91 days to 1 year 0 188,816 + 3,245 0 0 . . . . . . 

Over 1 year to 5 years . . . 208,293 - 1,766 0 0 . . . . . . 

Over 5 years to 10 years . . . 55,762 - 1,544 0 0 . . . . . . 

Over 10 years . . . 77,264 - 19 0 0 . . . . . . 

All 2,056 745,685 + 1,206 0 0 23,250 24,729

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on January 18, 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.

 11,039 2,200 729 770,991 745,685 745,685 272,834 472,851 0 23,250 2,056 16,579 1,822 38,048 0 841,408

Assets, liabilities, and capital

 4,357 874 51 320,473 295,690 295,690 108,188 187,502 0 23,250 1,533 1,900 205 14,430 -30,564 311,727

 510 115 31 38,156 38,151 38,151 13,959 24,192 0 0 4 799 111 3,262 - 4,823 38,161

 432 83 36 26,453 26,453 26,453 9,679 16,774 0 0 0 710 53 1,135 + 5,051 33,954

 453 104 56 31,501 31,501 31,501 11,526 19,976 0 0 0 1,583 157 2,480 + 292 36,627

 836 147 75 57,390 56,908 56,908 20,822 36,086 0 0 482 1,247 153 4,881 + 5,148 69,877

 945 166 95 57,690 57,690 57,690 21,108 36,582 0 0 0 2,311 232 2,113 +11,026 74,577

 928 212 88 67,177 67,152 67,152 24,570 42,582 0 0 25 1,390 211 2,659 - 90 72,575

 327 71 44 23,139 23,139 23,139 8,466 14,673 0 0 0 615 69 916 + 1,270 26,452

 2   15,5 15,5 15,5 5,6 9,8    4 1 7 - 3 16,8
 909,202

 160,030 749,172 749,172 11,039 2,200 735,933 0 768,935 24,757 744,178

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.

 909,202 160,030 749,172 24,729 24,635 18,831 5,429 78 298 11,964 3,951 814,452 13,548 12,916 493 841,408

 39,029 4,921 34,108 1,265 1,012 1,007 0 5 0 915 216 37,516 317 317 11 38,161

 326,905 46,678 280,227 9,806 11,634 5,977 5,429 49 179 1,115 1,387 304,169 3,688 3,685 184 311,727

 37,467 7,290 30,177 877 631 630 0 1 0 604 163 32,452 744 744 13 33,954

 36,365 5,562 30,803 1,045 1,372 1,367 0 4 1 1,178 192 34,590 1,014 1,013 10 36,627

 70,094 12,399 57,694 1,887 1,706 1,589 0 7 110 862 344 62,494 3,943 3,322 119 69,877

 87,695 20,926 66,769 1,913 2,085 2,083 0 2 0 1,662 330 72,759 893 892 33 74,577

 77,307 11,832 65,475 2,227 1,682 1,678 0 3 1 1,021 370 70,774 884 876 41 72,575

 28,017 3,730 24,287 767 562 560 0 1 1 387 148 26,151 144 144 13 26,452

 17,8 2,9 14,8 5 3 3    5 1 16,3 2 2  16,8

H.4.14. Statement of Condition of Each Federal Reserve Bank on January 18, 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

 Jan 18, 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.