FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           December 8, 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            Dec 7, 2005 Nov 30, 2005  Dec 8, 2004  Dec 7, 2005
Federal Reserve Banks

Reserve Bank Credit                                         813,647    +     928    +  29,518      814,965
 Securities held outright                                   744,175    -     131    +  28,557      744,179       
    U.S. Treasury (1)                                       744,175    -     131    +  28,557      744,179
       Bills (2)                                            271,270            0    +   8,541      271,270
       Notes and bonds, nominal (2)                         449,595    -     162    +  14,608      449,595
       Notes and bonds, inflation-indexed (2)                19,983            0    +   4,300       19,983
       Inflation compensation (3)                             3,326    +      31    +   1,108        3,330
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    30,893    +   1,072    +   2,822       32,000
 Loans to depository institutions                                86    -      17    +      31          119
    Primary credit                                               17    +      11    +      14           51
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              69    -      28    +      18           68
 Float                                                          969    +      50    +     828          999
 Other Federal Reserve assets                                37,524    -      45    -   2,720       37,669
Gold stock                                                   11,041            0    -       2       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,499    +      14    +      64       36,499
       
Total factors supplying reserve funds                       863,386    +     942    +  29,579      864,705
                                                                   
Currency in circulation(5)                                  778,066    -   2,489    +  26,648      779,104
Reverse repurchase agreements (6)                            28,800    +   3,018    +     407       27,792
   Foreign official and international accounts               28,800    +   3,018    +     407       27,792
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          204            0    -      58          199
Deposits with F.R.Banks, other than reserve balances         14,040    -     172    -   1,390       14,171       
  U.S. Treasury, general account                              4,932    -     158    -      54        5,076
  Foreign official                                               82    -       1    -      62           81
  Service-related                                             8,734    -      20    -   1,289        8,734
     Required clearing balances                               8,734    -      20    -   1,289        8,734
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         293    +       9    +      15          281
Other liabilities and capital                                32,125    -     190    +   6,408       31,933

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  853,235    +     167    +  32,014      853,199

Reserve balances with Federal Reserve Banks                  10,151    +     775    -   2,435       11,506
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,511,374    +   7,419    + 182,102    1,512,011
     U.S. Treasury                                        1,105,368    +   5,250    +  41,858    1,105,026
     Federal agency                                         406,006    +   2,169    + 140,245      406,985
  Securities lent to dealers                                  3,336    +     381    +     572        3,377   


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  Dec 7, 2005     Nov 30, 2005      Dec 8, 2004

Assets
Gold certificate account                                        11,037                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               695        +      11        -      15
Securities, repurchase agreements, and loans                   776,298        -   3,206        +  28,674
   Securities held outright                                    744,179        +      11        +  27,107
      U.S. Treasury (1)                                        744,179        +      11        +  27,107       
         Bills (2)                                             271,270                0        +   8,537
         Notes and bonds, nominal (2)                          449,595                0        +  13,166
         Notes and bonds, inflation-indexed (2)                 19,983                0        +   4,300
         Inflation compensation (3)                              3,330        +      11        +   1,104
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    32,000        -   3,250        +   1,500    
   Loans                                                           119        +      33        +      66
Items in process of collection                    (1,076)        8,103        +   1,127        -     206
Bank premises                                                    1,849        +       3        +      93
Other assets (5)                                                35,768        +     263        -   2,607
      Total assets                                (1,076)      835,951        -   1,801        +  25,938
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  743,496        -   1,071        +  26,329
Reverse repurchase agreements (6)                               27,792        -   2,263        -     379
Deposits                                              (0)       25,626        +     452        -   6,774       
  Depository institutions                                       20,188        -      16        -   7,040
  U.S. Treasury, general account                                 5,076        +     442        +     245
  Foreign official                                                  81        -       1        +       4
  Other                                               (0)          281        +      26        +      16
Deferred availability cash items                  (1,076)        7,105        +   1,014        +     178
Other liabilities and accrued dividends (7)                      4,335        +     104        +   1,217
      Total liabilities                           (1,076)      808,352        -   1,766        +  20,568
                          
Capital Accounts
Capital paid in                                                 13,523        +      22        +   1,912
Surplus                                                         11,630                0        +   2,783
Other capital accounts                                           2,446        -      57        +     675
      Total capital                                             27,599        -      35        +   5,370


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,   December 7, 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              60       48,431   -     342            0           0       32,000       27,792
16 days to 90 days          59      164,342   +     579            0           0            0            0
91 days to 1 year            0      186,784   -     236            0           0     ------      ------
Over 1 to 5 years     ------        210,730   +       4            0           0     ------      ------
Over 5 to 10 years    ------         56,692   +       2            0           0     ------      ------
Over 10 years         ------         77,199   +       5            0           0     ------      ------
                   		 	
All                        119      744,179   +      11            0           0       32,000      27,792

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   December 7, 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                      11,037        510      4,355        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                                             695         29         49         42         57         61         95         75         33         22         64         69        100
Securities, repurchase agreements,
      and loans                              776,298     38,074    327,142     26,399     31,438     56,793     57,584     67,035     23,100     15,556     21,068     36,652     75,457
   Securities held outright                  744,179     38,074    295,093     26,399     31,438     56,793     57,574     67,017     23,093     15,543     21,048     36,652     75,455
      U.S. Treasury (1)                      744,179     38,074    295,093     26,399     31,438     56,793     57,574     67,017     23,093     15,543     21,048     36,652     75,455
         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)                  472,908     24,195    187,525     16,776     19,978     36,091     36,587     42,588     14,675      9,877     13,376     23,291     47,950
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                32,000          0     32,000          0          0          0          0          0          0          0          0          0          0
      Loans                                      119          0         49          0          0          0         10         18          8         13         19          0          2
Items in process of collection                 9,179        426        616        436        792        702      1,769        244        319        255        931        703      1,985
Bank premises                                  1,849        108        204         53        158        144        271        212         69        119         85        261        165
Other assets(5)                               35,768      3,086     13,607      1,082      2,335      4,599      2,002      2,466        851        710        646        929      3,456
Interdistrict settlement account                   0    - 3,010    -30,673    + 6,370    +   832    + 7,462    + 4,175    + 1,357    +     7    -    44    +   743    - 3,514    +16,295
          Total Assets                       837,027     39,339    316,173     34,896     36,169     70,744     67,007     72,528     24,777     16,860     23,921     35,748     98,864

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   December 7, 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             902,011     39,398    329,069     37,535     36,598     69,461     81,305     76,732     26,299     17,711     26,903     50,210    110,788
  Less: notes held by F.R. Banks              158,515      4,915     44,640      6,631      5,580     12,603     21,548     11,109      3,580      2,745      5,472     17,855     21,836
    Federal Reserve notes, net                743,496     34,483    284,429     30,904     31,018     56,859     59,757     65,624     22,718     14,966     21,431     32,356     88,951
Reverse repurchase agreements (1)              27,792      1,422     11,020        986      1,174      2,121      2,150      2,503        862        580        786      1,369      2,818
Deposits                                       25,626        836     10,692        807      1,027      3,678      2,005      1,858        476        280        660        780      2,527
  Depository institutions                      20,188        829      5,399        806      1,023      3,568      2,002      1,855        466        279        659        779      2,522
  U.S. Treasury, general account                5,076          0      5,076          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 81          5         53          1          4          7          2          3          1          1          1          0          4
  Other                                           281          2        165          0          0        102          1          0          9          0          1          0          0
Deferred availability cash items                8,180        701      1,005        635        646        575        938        379        174        412        549        704      1,463
Other liabilities and accrued                 
  dividends (2)                                 4,335        220      1,474        176        220        502        344        383        153        118        135        211        398
   
    Total liabilities                         809,428     37,662    308,621     33,507     34,085     63,735     65,193     70,747     24,384     16,355     23,561     35,420     96,158
                              
Capital                    
Capital paid in                                13,523        316      3,684        744      1,010      3,942        890        876        143        245        175        153      1,346
Surplus                                        11,630      1,353      3,430        294      1,065      2,148        516        763        236        254        153        135      1,283
Other capital                                   2,446          9        439        351          9        918        408        142         14          5         32         41         78
     Total liabilities and capital            837,027     39,339    316,173     34,896     36,169     70,744     67,007     72,528     24,777     16,860     23,921     35,748     98,864
                              

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
                                           Dec 7, 2005
              
Federal Reserve notes outstanding             902,011
   Less: Notes held by F.R. Banks
         not subject to collateralization     158,515
      Federal Reserve Notes to be
         collateralized                       743,496 
Collateral held against Federal Reserve            
   notes                                      743,496
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              730,259
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         776,179
   Less:face value of securities under
         reverse repurchase agreements         27,826
      U.S. Treasury and agency securities
             eligible to be pledged           748,353
   

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.