Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 829,845 - 6,338 + 37,845 828,699

Securities held outright 766,404 + 33 + 41,690 766,414

U.S. Treasury1 766,404 + 33 + 41,690 766,414

Bills2 275,370 0 + 10,355 275,370

Notes and bonds, nominal2 464,580 0 + 27,206 464,580

Notes and bonds, inflation-indexed2 22,646 0 + 3,113 22,646

Inflation compensation3 3,808 + 33 + 1,016 3,819

Federal agency2 0 0 0 0

Repurchase agreements4 21,143 - 8,321 - 5,750 20,750

Loans to depository institutions 299 + 8 + 24 355

Primary credit 11 - 4 - 40 52

Secondary credit 0 0 0 0

Seasonal credit 289 + 13 + 65 304

Float 981 + 1,412 + 968 87

Other Federal Reserve assets 41,019 + 531 + 914 41,092

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,076 + 14 + 1,508 38,076

Total factors supplying reserve funds 881,162 - 6,324 + 39,353 880,016

Currency in circulation5 798,366 + 162 + 32,641 797,858

Reverse repurchase agreements6 28,319 - 1,364 + 2,903 28,538

Foreign official and international accounts 28,319 - 1,364 + 2,903 28,538

Dealers 0 0 0 0

Treasury cash holdings 167 - 6 - 70 163

Deposits with F.R. Banks, other than reserve balances 12,749 - 100 - 1,466 12,607

U.S. Treasury, general account 5,186 - 148 + 343 5,024

Foreign official 95 - 16 + 9 89

Service-related 7,217 + 55 - 1,788 7,217

Required clearing balances 7,217 + 55 - 1,788 7,217

Adjustments to compensate for float 0 0 0 0

Other 251 + 9 - 30 277

Other liabilities and capital 35,219 + 293 + 5,607 34,565

Total factors, other than reserve balances,

absorbing reserve funds 874,821 - 1,014 + 39,616 873,731

Reserve balances with Federal Reserve Banks 6,341 - 5,310 - 264 6,284

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,632,555 - 3,584 + 189,931 1,630,836

U.S. Treasury 1,113,291 - 4,627 + 20,564 1,111,089

Federal agency 519,264 + 1,044 + 169,367 519,747

Securities lent to dealers 3,000 - 3,725 + 111 922

FEDERAL RESERVE statistical release

 July 13, 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

 Jul 12, 2006 Week ended

 Jul 12, 2006 Jul 5, 2006 Jul 13, 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 11,037 0 0

Special drawing rights certificate account 2,200 0 0

Coin 711 + 15 + 99

Securities, repurchase agreements, and loans 787,520 - 7,397 + 37,319

Securities held outright 766,414 + 29 + 41,702

U.S. Treasury1 766,414 + 29 + 41,702

Bills2 275,370 0 + 10,355

Notes and bonds, nominal2 464,580 0 + 27,206

Notes and bonds, inflation-indexed2 22,646 0 + 3,113

Inflation compensation3 3,819 + 30 + 1,029

Federal agency2 0 0 0

Repurchase agreements4 20,750 - 7,500 - 4,500

Loans 355 + 73 + 117

Items in process of collection (966) 5,559 - 420 - 883

Bank premises 1,858 + 1 + 44

Other assets5 39,001 + 538 + 436

Total assets (966) 847,886 - 7,263 + 37,016

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 760,652 - 2,880 + 30,961

Reverse repurchase agreements6 28,538 - 548 + 2,941

Deposits (0) 18,658 - 4,739 - 1,113

Depository institutions 13,269 - 4,252 - 1,308

U.S. Treasury, general account 5,024 - 504 + 234

Foreign official 89 - 1 - 11

Other (0) 277 + 19 - 27

Deferred availability cash items (966) 5,472 + 967 - 706

Other liabilities and accrued dividends7 4,789 + 62 + 1,520

Total liabilities (966) 818,110 - 7,137 + 33,603

Capital accounts

Capital paid in 14,977 + 2 + 1,608

Surplus 12,901 0 + 1,419

Other capital accounts 1,898 - 128 + 385

Total capital 29,776 - 126 + 3,413

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jul 13, 2005

Eliminations from

consolidation Wednesday

 Jul 12, 2006

Wednesday

 Jul 5, 2006

3. Maturity Distribution of Loans and Securities, July 12, 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 97 58,461 - 438 0 0 20,750 28,538

16 days to 90 days 258 174,817 - 170 0 0 0 0

91 days to 1 year 0 176,677 + 609 0 0 . . . . . . 

Over 1 year to 5 years . . . 217,332 + 9 0 0 . . . . . . 

Over 5 years to 10 years . . . 60,722 + 5 0 0 . . . . . . 

Over 10 years . . . 78,406 + 14 0 0 . . . . . . 

All 355 766,414 + 29 0 0 20,750 28,538

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on July 12, 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.

 11,037 2,200 711 787,520 766,414 766,414 275,370 491,045 0 20,750 355 6,526 1,858 39,001 0 848,853

Assets, liabilities, and capital

 4,139 874 37 304,421 283,671 283,671 101,922 181,749 0 20,750 0 423 206 14,102 + 3,034 327,235

 486 115 30 36,575 36,572 36,572 13,140 23,432 0 0 3 294 113 1,246 - 775 38,084

 463 83 31 33,275 33,274 33,274 11,955 21,319 0 0 0 350 57 1,847 + 1,377 37,483

 446 104 70 33,094 33,094 33,094 11,890 21,203 0 0 0 661 157 2,285 - 1,166 35,651

 853 147 65 63,666 63,666 63,666 22,875 40,791 0 0 0 456 155 6,962 + 1,345 73,649

 1,023 166 88 64,172 64,162 64,162 23,053 41,109 0 0 10 666 231 2,786 + 2,948 72,079

 947 212 80 70,468 70,372 70,372 25,284 45,088 0 0 96 378 208 2,781 - 7,897 67,177

 328 71 35 24,391 24,350 24,350 8,749 15,601 0 0 40 283 70 772 - 405 25,546

 2   15,6 15,5 15,5 5,5 9,9   1 2 1 7 - 1 16,9
 929,853

 169,201 760,652 760,652 11,037 2,200 747,415 0 787,164 28,577 758,587

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.

 929,853 169,201 760,652 28,538 18,658 13,269 5,024 89 277 6,439 4,789 819,076 14,977 12,901 1,898 848,853

 38,080 3,460 34,620 1,362 656 655 0 1 1 408 241 37,288 382 317 97 38,084

 348,971 50,238 298,733 10,563 8,022 2,777 5,024 60 161 687 1,609 319,613 3,674 3,685 262 327,235

 39,823 7,499 32,325 1,239 548 546 0 2 0 492 221 34,824 1,744 744 170 37,483

 37,141 6,126 31,016 1,232 519 515 0 3 2 582 232 33,581 1,024 1,013 33 35,651

 73,284 13,171 60,113 2,371 2,146 2,026 0 11 109 491 450 65,571 4,014 3,307 756 73,649

 90,797 25,969 64,828 2,389 1,536 1,533 0 3 0 722 408 69,884 1,069 892 234 72,079

 74,094 13,454 60,640 2,620 1,302 1,300 0 3 0 298 444 65,304 910 876 86 67,177

 27,342 3,926 23,416 907 524 520 0 0 3 180 179 25,204 155 144 42 25,546

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

H.4.14. Statement of Condition of Each Federal Reserve Bank on July 12, 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

 Jul 12, 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.