FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                         September 21, 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           Sep 20, 2006 Sep 13, 2006 Sep 21, 2005 Sep 20, 2006
Federal Reserve Banks

Reserve Bank Credit                                         828,940    +   2,444    +  28,528      823,499
 Securities held outright                                   768,887    +   1,596    +  35,524      768,895       
    U.S. Treasury (1)                                       768,887    +   1,596    +  35,524      768,895
       Bills (2)                                            277,019            0    +   9,113      277,019
       Notes and bonds, nominal (2)                         461,791    +   1,575    +  19,198      461,791
       Notes and bonds, inflation-indexed (2)                26,019            0    +   6,036       26,019
       Inflation compensation (3)                             4,059    +      21    +   1,179        4,067
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    19,429    +   1,179    -   8,185       15,000
 Loans to depository institutions                               355    -     229    +      33          363
    Primary credit                                               11    -     233    +      10           11
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             345    +       5    +      24          352
 Float                                                          842    -     411    +     843         -384
 Other Federal Reserve assets                                39,428    +     311    +     314       39,625
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,124    +      14    +   1,695       38,124
       
Total factors supplying reserve funds                       880,305    +   2,459    +  30,223      874,863
                                                                   
Currency in circulation(5)                                  792,564    -   3,637    +  25,487      792,802
Reverse repurchase agreements (6)                            27,497    +     408    +   2,962       28,499
   Foreign official and international accounts               27,497    +     408    +   2,962       28,499
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          165    -      11    -      87          160
Deposits with F.R.Banks, other than reserve balances         13,466    +   1,572    -   1,412       12,547       
  U.S. Treasury, general account                              6,113    +   1,364    -     206        5,216
  Foreign official                                               89    -       6    +       7           85
  Service-related                                             6,970    +     182    -   1,267        6,970
     Required clearing balances                               6,970    +     182    -   1,267        6,970
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         294    +      32    +      54          276
Other liabilities and capital                                35,939    +      95    +   4,958       35,666

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  869,631    -   1,571    +  31,907      869,673

Reserve balances with Federal Reserve Banks                  10,673    +   4,029    -   1,685        5,190
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,673,439    -   8,691    + 217,099    1,668,440
     U.S. Treasury                                        1,132,483    -  15,166    +  50,391    1,127,801
     Federal agency                                         540,956    +   6,475    + 166,708      540,639
  Securities lent to dealers                                    531    -   3,365    -   5,005            0   


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 Sep 20, 2006     Sep 13, 2006     Sep 21, 2005

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               837        +      28        +     137
Securities, repurchase agreements, and loans                   784,258        -   2,639        +  30,290
   Securities held outright                                    768,895        +      21        +  35,507
      U.S. Treasury (1)                                        768,895        +      21        +  35,507       
         Bills (2)                                             277,019                0        +   9,097
         Notes and bonds, nominal (2)                          461,791                0        +  19,198
         Notes and bonds, inflation-indexed (2)                 26,019                0        +   6,036
         Inflation compensation (3)                              4,067        +      21        +   1,178
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    15,000        -   1,000        -   5,250    
   Loans                                                           363        -   1,660        +      33
Items in process of collection                    (1,164)        4,317        -     421        -   3,611
Bank premises                                                    1,888        +       2        +      49
Other assets (5)                                                37,655        +     344        +      60
      Total assets                                (1,164)      842,191        -   2,687        +  26,925
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  755,670        -   2,872        +  23,776
Reverse repurchase agreements (6)                               28,499        +   1,576        +   4,508
Deposits                                              (0)       17,655        -   1,507        -   4,054       
  Depository institutions                                       12,077        -   2,035        -   3,590
  U.S. Treasury, general account                                 5,216        +     526        -     502
  Foreign official                                                  85        -       8        +       2
  Other                                               (0)          276        +      10        +      36
Deferred availability cash items                  (1,164)        4,701        -       4        -   2,193
Other liabilities and accrued dividends (7)                      5,445        -      19        +   1,700
      Total liabilities                           (1,164)      811,970        -   2,825        +  23,737
                          
Capital Accounts
Capital paid in                                                 15,057        -      11        +   1,755
Surplus                                                         12,901                0        +   1,271
Other capital accounts                                           2,262        +     148        +     160
      Total capital                                             30,220        +     137        +   3,186


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, September 20, 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             346       60,426   +   6,355            0           0       15,000       28,499
16 days to 90 days          17      165,469   -   7,057            0           0            0            0
91 days to 1 year            0      186,566   +     703            0           0     ------      ------
Over 1 to 5 years     ------        214,621   +       6            0           0     ------      ------
Over 5 to 10 years    ------         60,272   +       3            0           0     ------      ------
Over 10 years         ------         81,540   +       9            0           0     ------      ------
                   		 	
All                        363      768,895   +      21            0           0       15,000      28,499

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 September 20, 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                      11,037        486      4,139        463        446        853      1,023        947        328        211        324        575      1,242
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                             837         25         51         50         77         78        110        104         42         31         62         79        128
Securities, repurchase agreements,
      and loans                              784,258     36,700    299,589     33,382     33,201     63,873     64,384     70,702     24,485     15,741     22,572     34,513     85,115
   Securities held outright                  768,895     36,690    284,589     33,382     33,201     63,872     64,369     70,600     24,429     15,631     22,515     34,507     85,109
      U.S. Treasury (1)                      768,895     36,690    284,589     33,382     33,201     63,872     64,369     70,600     24,429     15,631     22,515     34,507     85,109
         Bills (2)                           277,019     13,219    102,532     12,027     11,962     23,012     23,191     25,436      8,801      5,632      8,112     12,432     30,663
         Notes and bonds(3)                  491,876     23,472    182,057     21,355     21,239     40,860     41,178     45,164     15,628     10,000     14,403     22,075     54,446
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                15,000          0     15,000          0          0          0          0          0          0          0          0          0          0
      Loans                                      363         10          0          0          0          1         14        103         56        110         58          6          5
Items in process of collection                 5,481        253         78      1,305        474        357        442        107        198        266        609        363      1,029
Bank premises                                  1,888        113        208         57        157        160        231        208         72        117        129        259        177
Other assets(5)                               37,655      1,188     13,623      1,812      2,225      6,831      2,627      2,664        726        685        701        922      3,651
Interdistrict settlement account                   0    - 1,414    + 6,274    +    15    - 1,013    + 2,015    + 7,282    -10,325    -   714    -   535    + 1,044    - 2,953    +   324
          Total Assets                       843,355     37,466    324,836     37,167     35,671     74,315     76,265     64,619     25,209     16,546     25,508     33,855     91,899

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 September 20, 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             932,908     38,064    348,125     39,119     37,020     74,127     94,478     73,419     27,125     17,223     27,360     49,867    106,982
  Less: notes held by F.R. Banks              177,238      4,062     50,907      7,760      6,491     13,320     25,476     14,892      4,035      2,476      4,250     19,024     24,545
    Federal Reserve notes, net                755,670     34,001    297,217     31,360     30,529     60,807     69,002     58,527     23,090     14,747     23,110     30,842     82,436
Reverse repurchase agreements (1)              28,499      1,360     10,548      1,237      1,231      2,367      2,386      2,617        905        579        835      1,279      3,155
Deposits                                       17,655        662      7,483        453        791      1,993      1,571        916        484        250        469        689      1,894
  Depository institutions                      12,077        660      2,038        450        785      1,917      1,566        913        454        249        468        688      1,890
  U.S. Treasury, general account                5,216          0      5,216          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 85          1         56          2          3         11          3          3          0          1          1          0          4
  Other                                           276          1        173          0          3         65          2          0         30          0          1          0          0
Deferred availability cash items                5,865        383        108        948        573        522        618        287        192        326        550        337      1,022
Other liabilities and accrued                 
  dividends (2)                                 5,445        265      1,834        261        264        535        462        495        197        142        177        257        557
   
    Total liabilities                         813,134     36,671    317,191     34,258     33,388     66,224     74,040     62,842     24,868     16,044     25,141     33,404     89,064
                              
Capital                    
Capital paid in                                15,057        383      3,691      1,749      1,128      4,019      1,084        842        158        244        173        211      1,376
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   2,262         96        270        415        142        764        248         60         39         13         19         87        110
     Total liabilities and capital            843,355     37,466    324,836     37,167     35,671     74,315     76,265     64,619     25,209     16,546     25,508     33,855     91,899
                              

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
                                          Sep 20, 2006
              
Federal Reserve notes outstanding             932,908
   Less: Notes held by F.R. Banks
         not subject to collateralization     177,238
      Federal Reserve Notes to be
         collateralized                       755,670 
Collateral held against Federal Reserve            
   notes                                      755,670
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              742,433
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         783,895
   Less:face value of securities under
         reverse repurchase agreements         28,539
      U.S. Treasury and agency securities
             eligible to be pledged           755,356
   

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.