FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              March 9, 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            Mar 8, 2006  Mar 1, 2006  Mar 9, 2005  Mar 8, 2006
Federal Reserve Banks

Reserve Bank Credit                                         815,376    -   5,382    +  37,845      817,148
 Securities held outright                                   754,952    +   1,262    +  37,450      755,576       
    U.S. Treasury (1)                                       754,952    +   1,262    +  37,450      755,576
       Bills (2)                                            274,142            0    +  11,137      274,142
       Notes and bonds, nominal (2)                         455,470    +   1,235    +  22,374      456,077
       Notes and bonds, inflation-indexed (2)                22,196            0    +   3,088       22,196
       Inflation compensation (3)                             3,144    +      26    +     852        3,160
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    25,679    -   3,357    +   4,786       26,500
 Loans to depository institutions                                62    +      28    +      29           43
    Primary credit                                               20    +      14    +      15            0
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              42    +      14    +      13           43
 Float                                                          848    +     637    +   1,610        1,139
 Other Federal Reserve assets                                33,835    -   3,952    -   6,031       33,889
Gold stock                                                   11,044            0    +       2       11,044
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,609    +      14    +      63       36,609
       
Total factors supplying reserve funds                       865,230    -   5,367    +  37,912      867,001
                                                                   
Currency in circulation(5)                                  787,851    +     683    +  36,281      789,388
Reverse repurchase agreements (6)                            24,217    -     430    -   1,414       23,810
   Foreign official and international accounts               24,217    -     430    -   1,414       23,810
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          187    +       2    -      70          193
Deposits with F.R.Banks, other than reserve balances         13,527    +      85    -     693       13,311       
  U.S. Treasury, general account                              5,028    -      52    +     724        4,851
  Foreign official                                               85    +       2    +       2           86
  Service-related                                             8,144    +     130    -   1,410        8,144
     Required clearing balances                               8,144    +     130    -   1,410        8,144
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         269    +       4    -      10          230
Other liabilities and capital                                32,514    +     198    +   4,781       32,117

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  858,296    +     538    +  38,884      858,819

Reserve balances with Federal Reserve Banks                   6,934    -   5,905    -     973        8,182
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,591,706    +  11,870    + 211,377    1,598,592
     U.S. Treasury                                        1,136,601    +   9,982    +  56,249    1,141,697
     Federal agency                                         455,106    +   1,889    + 155,129      456,896
  Securities lent to dealers                                  1,820    -   1,789    +     120        2,539   


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  Mar 8, 2006      Mar 1, 2006      Mar 9, 2005

Assets
Gold certificate account                                        11,040                0        +       3
Special drawing rights certificate account                       2,200                0                0
Coin                                                               820        -       6        +      47
Securities, repurchase agreements, and loans                   782,119        -     352        +  42,581
   Securities held outright                                    755,576        +     894        +  38,071
      U.S. Treasury (1)                                        755,576        +     894        +  38,071       
         Bills (2)                                             274,142                0        +  11,137
         Notes and bonds, nominal (2)                          456,077        +     850        +  22,981
         Notes and bonds, inflation-indexed (2)                 22,196                0        +   3,088
         Inflation compensation (3)                              3,160        +      43        +     864
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    26,500        -   1,250        +   4,500    
   Loans                                                            43        +       5        +      11
Items in process of collection                    (1,294)        8,111        -      14        +     812
Bank premises                                                    1,821                0        +      28
Other assets (5)                                                36,207        +     286        -   2,158
      Total assets                                (1,294)      842,319        -      84        +  41,314
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  753,788        +     760        +  36,382
Reverse repurchase agreements (6)                               23,810        -     862        -   1,620
Deposits                                              (0)       25,722        -     177        +   2,583       
  Depository institutions                                       20,556        +     459        +   2,383
  U.S. Treasury, general account                                 4,851        -     576        +     252
  Foreign official                                                  86        +       1        +       4
  Other                                               (0)          230        -      60        -      56
Deferred availability cash items                  (1,294)        6,882        +      89        -     313
Other liabilities and accrued dividends (7)                      4,466        +     102        +   1,357
      Total liabilities                           (1,294)      814,668        -      88        +  38,389
                          
Capital Accounts
Capital paid in                                                 13,730        -       9        +   1,195
Surplus                                                         12,901                0        +   1,685
Other capital accounts                                           1,019        +      13        +      44
      Total capital                                             27,650        +       4        +   2,923


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,      March 8, 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              11       48,007   -     403            0           0       26,500       23,810
16 days to 90 days          32      174,298   +   6,936            0           0            0            0
91 days to 1 year            0      184,149   -   6,529            0           0     ------      ------
Over 1 to 5 years     ------        213,951   +     468            0           0     ------      ------
Over 5 to 10 years    ------         55,355   +     402            0           0     ------      ------
Over 10 years         ------         79,816   +      20            0           0     ------      ------
                   		 	
All                         43      755,576   +     894            0           0       26,500      23,810

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      March 8, 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                      11,040        510      4,358        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                                             820         40         67         49         65         79         98         97         50         32         67         72        104
Securities, repurchase agreements,
      and loans                              782,119     38,667    326,112     26,804     31,919     57,663     58,455     68,070     23,446     15,785     21,372     37,214     76,611
   Securities held outright                  755,576     38,658    299,612     26,804     31,919     57,663     58,455     68,043     23,446     15,781     21,371     37,213     76,611
      U.S. Treasury (1)                      755,576     38,658    299,612     26,804     31,919     57,663     58,455     68,043     23,446     15,781     21,371     37,213     76,611
         Bills (2)                           274,142     14,026    108,707      9,725     11,581     20,922     21,209     24,688      8,507      5,726      7,754     13,502     27,796
         Notes and bonds(3)                  481,434     24,632    190,905     17,079     20,338     36,741     37,246     43,355     14,939     10,055     13,617     23,711     48,814
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                26,500          0     26,500          0          0          0          0          0          0          0          0          0          0
      Loans                                       43         10          0          0          0          0          0         27          0          5          1          1          0
Items in process of collection                 9,405      1,151        637        431        638        535      2,408        378        273        340        646        484      1,484
Bank premises                                  1,821        113        206         54        157        152        232        210         70        119         91        260        158
Other assets(5)                               36,207      1,181     13,486      1,600      2,128      6,451      2,474      2,524        722        665        657        940      3,380
Interdistrict settlement account                   0    - 4,281    -30,517    + 6,245    +   908    + 8,465    + 8,242    - 1,982    +   637    -   289    + 2,027    - 3,728    +14,274
          Total Assets                       843,612     37,496    315,221     35,696     36,373     74,328     73,020     70,438     25,595     16,894     25,245     35,888     97,417

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      March 8, 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             912,160     38,842    327,875     39,012     36,987     72,952     87,676     76,810     27,788     17,672     27,551     49,614    109,381
  Less: notes held by F.R. Banks              158,372      4,867     45,456      7,152      5,341     12,304     21,872     12,711      4,076      2,593      4,631     16,604     20,766
    Federal Reserve notes, net                753,788     33,976    282,419     31,860     31,646     60,648     65,804     64,099     23,712     15,079     22,921     33,009     88,615
Reverse repurchase agreements (1)              23,810      1,218      9,442        845      1,006      1,817      1,842      2,144        739        497        673      1,173      2,414
Deposits                                       25,722        817     13,159        504        867      3,179      1,785      1,544        497        318        555        706      1,791
  Depository institutions                      20,556        810      8,089        501        864      3,111      1,782      1,541        496        317        554        705      1,787
  U.S. Treasury, general account                4,851          0      4,851          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 86          1         57          2          3         11          3          3          0          1          1          0          4
  Other                                           230          7        163          0          0         57          0          1          1          0          1          0          0
Deferred availability cash items                8,175        573      1,003        792        600        695      1,119        439        178        383        583        384      1,428
Other liabilities and accrued                 
  dividends (2)                                 4,466        237      1,566        183        217        429        366        407        163        119        140        224        415
   
    Total liabilities                         815,962     36,822    307,589     34,183     34,336     66,768     70,916     68,632     25,289     16,396     24,872     35,496     94,663
                              
Capital                    
Capital paid in                                13,730        323      3,695        750        999      3,945      1,035        877        144        244        178        188      1,352
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   1,019         34        253         20         23        307        177         53         18         10         19         52         53
     Total liabilities and capital            843,612     37,496    315,221     35,696     36,373     74,328     73,020     70,438     25,595     16,894     25,245     35,888     97,417
                              

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
                                           Mar 8, 2006
              
Federal Reserve notes outstanding             912,160
   Less: Notes held by F.R. Banks
         not subject to collateralization     158,372
      Federal Reserve Notes to be
         collateralized                       753,788 
Collateral held against Federal Reserve            
   notes                                      753,788
   Gold certificate account                    11,040
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              740,548
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         782,076
   Less:face value of securities under
         reverse repurchase agreements         23,840
      U.S. Treasury and agency securities
             eligible to be pledged           758,235
   

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.