Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 817,179 + 5,554 + 32,712 830,006

Securities held outright 744,196 + 11 + 26,522 744,200

U.S. Treasury1 744,196 + 11 + 26,522 744,200

Bills2 271,270 0 + 8,409 271,270

Notes and bonds, nominal2 449,595 0 + 13,166 449,595

Notes and bonds, inflation-indexed2 19,983 0 + 3,875 19,983

Inflation compensation3 3,347 + 10 + 1,071 3,351

Federal agency2 0 0 0 0

Repurchase agreements4 31,964 + 4,785 + 6,571 45,000

Loans to depository institutions 437 + 356 + 362 75

Primary credit 365 + 354 + 346 2

Secondary credit 0 0 0 0

Seasonal credit 72 + 2 + 16 72

Float 1,811 - 236 + 1,361 2,011

Other Federal Reserve assets 38,770 + 637 - 2,106 38,721

Gold stock 11,041 0 - 2 11,041

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

Treasury currency outstanding5 36,527 + 14 + 92 36,527

Total factors supplying reserve funds 866,946 + 5,568 + 32,801 879,774

Currency in circulation5 783,800 + 4,458 + 30,169 788,592

Reverse repurchase agreements6 26,837 + 1,665 - 1,237 26,762

Foreign official and international accounts 26,837 + 1,665 - 1,237 26,762

Dealers 0 0 0 0

Treasury cash holdings 199 0 - 65 203

Deposits with F.R. Banks, other than reserve balances 14,715 + 152 - 546 14,481

U.S. Treasury, general account 5,402 + 6 + 269 5,290

Foreign official 139 + 40 + 42 86

Service-related 8,825 + 21 - 936 8,825

Required clearing balances 8,809 + 5 - 952 8,809

Adjustments to compensate for float 16 + 16 + 16 16

Other 349 + 84 + 79 280

Other liabilities and capital 33,005 - 103 + 6,865 32,135

Total factors, other than reserve balances,

absorbing reserve funds 858,556 + 6,172 + 35,185 862,174

Reserve balances with Federal Reserve Banks 8,390 - 605 - 2,385 17,600

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,514,278 + 3,794 + 184,181 1,516,044

U.S. Treasury 1,101,705 - 1,345 + 42,080 1,100,624

Federal agency 412,573 + 5,140 + 142,101 415,420

Securities lent to dealers 5,255 + 1,435 + 1,902 2,717

FEDERAL RESERVE statistical release

 December 22, 2005

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

 Dec 21, 2005 Week ended

 Dec 21, 2005 Dec 14, 2005 Dec 22, 2004
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 11,037 0 - 2

Special drawing rights certificate account 2,200 0 0

Coin 704 - 7 - 18

Securities, repurchase agreements, and loans 789,275 + 16,747 + 39,514

Securities held outright 744,200 + 11 + 26,518

U.S. Treasury1 744,200 + 11 + 26,518

Bills2 271,270 0 + 8,409

Notes and bonds, nominal2 449,595 0 + 13,166

Notes and bonds, inflation-indexed2 19,983 0 + 3,875

Inflation compensation3 3,351 + 10 + 1,067

Federal agency2 0 0 0

Repurchase agreements4 45,000 + 16,750 + 13,000

Loans 75 - 14 - 4

Items in process of collection (1,092) 9,117 + 589 + 1,019

Bank premises 1,856 + 8 + 83

Other assets5 36,842 + 32 - 2,422

Total assets (1,092) 851,030 + 17,369 + 38,171

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 752,969 + 6,398 + 31,052

Reverse repurchase agreements6 26,762 + 187 - 1,294

Deposits (0) 32,061 + 10,515 + 2,255

Depository institutions 26,405 + 10,177 + 999

U.S. Treasury, general account 5,290 + 300 + 1,243

Foreign official 86 + 2 - 2

Other (0) 280 + 36 + 16

Deferred availability cash items (1,092) 7,103 + 924 + 130

Other liabilities and accrued dividends7 4,354 - 27 + 1,215

Total liabilities (1,092) 823,249 + 17,997 + 33,357

Capital accounts

Capital paid in 13,536 + 6 + 1,898

Surplus 11,629 - 1 + 2,782

Other capital accounts 2,617 - 633 + 135

Total capital 27,781 - 628 + 4,814

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Dec 22, 2004

Eliminations from

consolidation Wednesday

 Dec 21, 2005

Wednesday

 Dec 14, 2005

3. Maturity Distribution of Loans and Securities, December 21, 2005

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 72 56,415 + 7,951 0 0 45,000 26,762

16 days to 90 days 3 156,706 - 7,774 0 0 0 0

91 days to 1 year 0 186,436 - 177 0 0 . . . . . . 

Over 1 year to 5 years . . . 210,739 + 4 0 0 . . . . . . 

Over 5 years to 10 years . . . 56,696 + 2 0 0 . . . . . . 

Over 10 years . . . 77,208 + 4 0 0 . . . . . . 

All 75 744,200 + 11 0 0 45,000 26,762

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on December 21, 2005Millions 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.

 11,037 2,200 704 789,275 744,200 744,200 271,270 472,929 0 45,000 75 10,209 1,856 36,842 0 852,122

Assets, liabilities, and capital

 4,355 874 46 340,101 295,101 295,101 107,568 187,533 0 45,000 0 804 204 14,031 -40,523 319,891

 510 115 31 38,076 38,076 38,076 13,879 24,197 0 0 0 570 110 3,174 - 3,434 39,151

 432 83 37 26,400 26,400 26,400 9,623 16,777 0 0 0 609 53 1,086 + 6,257 34,958

 453 104 57 31,439 31,439 31,439 11,460 19,979 0 0 0 945 158 2,401 + 1,803 37,360

 836 147 67 56,795 56,795 56,795 20,702 36,092 0 0 0 446 152 4,704 + 7,950 71,097

 945 166 93 57,584 57,575 57,575 20,987 36,588 0 0 9 1,556 272 2,045 +10,194 72,856

 928 212 77 67,045 67,019 67,019 24,429 42,590 0 0 26 590 210 2,558 + 1,341 72,960

 327 71 36 23,100 23,093 23,093 8,418 14,675 0 0 7 273 69 886 + 1,902 26,665

 2   15,5 15,5 15,5 5,6 9,8    4 1 7 - 1 16,9
 908,267

 155,298 752,969 752,969 11,037 2,200 739,732 0 789,200 26,791 762,409

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.

 908,267 155,298 752,969 26,762 32,061 26,405 5,290 86 280 8,195 4,354 824,341 13,536 11,629 2,617 852,122

 39,206 4,855 34,351 1,369 825 820 0 5 0 716 221 37,482 317 1,352 0 39,151

 328,159 44,753 283,406 10,612 15,853 10,336 5,290 58 169 967 1,500 312,339 3,685 3,430 438 319,891

 37,439 6,385 31,054 949 674 673 0 1 0 669 173 33,519 744 294 401 34,958

 36,635 5,363 31,273 1,131 2,065 2,059 0 4 2 589 222 35,279 1,013 1,065 2 37,360

 69,911 12,563 57,348 2,042 3,309 3,199 0 7 102 776 484 63,959 3,942 2,148 1,047 71,097

 84,379 19,614 64,765 2,070 2,744 2,742 0 2 0 1,113 344 71,036 892 516 412 72,856

 77,108 10,927 66,181 2,410 1,857 1,853 0 3 1 340 385 71,173 876 763 147 72,960

 28,162 3,688 24,474 830 637 635 0 1 2 179 155 26,276 144 236 9 26,665

 17,9 2,9 15,0 5 3 3    4 1 16,4 2 2  16,9

H.4.14. Statement of Condition of Each Federal Reserve Bank on December 21, 2005 (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

 Dec 21, 2005

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.