FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            January 5, 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            Jan 4, 2006 Dec 28, 2005  Jan 5, 2005  Jan 4, 2006
Federal Reserve Banks

Reserve Bank Credit                                         832,796    +   6,393    +  41,143      831,230
 Securities held outright                                   743,831    -     376    +  26,012      742,870       
    U.S. Treasury (1)                                       743,831    -     376    +  26,012      742,870
       Bills (2)                                            271,270            0    +   8,300      271,270
       Notes and bonds, nominal (2)                         449,217    -     378    +  12,788      448,274
       Notes and bonds, inflation-indexed (2)                19,983            0    +   3,875       19,983
       Inflation compensation (3)                             3,360    +       2    +   1,048        3,342
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    48,750    +   6,571    +  15,536       46,500
 Loans to depository institutions                                64    -      61    +      11           37
    Primary credit                                                7    -      44    -      12            8
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              57    -      17    +      22           29
 Float                                                          855    +      42    -     108        2,412
 Other Federal Reserve assets                                39,296    +     216    -     307       39,412
Gold stock                                                   11,043    +       2    -       2       11,043
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,610    +      14    +     176       36,610
       
Total factors supplying reserve funds                       882,649    +   6,409    +  41,317      881,084
                                                                   
Currency in circulation(5)                                  793,705    +   1,594    +  38,677      792,263
Reverse repurchase agreements (6)                            30,431    +   1,854    +     529       27,567
   Foreign official and international accounts               30,431    +   1,854    +     529       27,567
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          202    -       1    -      69          202
Deposits with F.R.Banks, other than reserve balances         15,073    +   1,168    -   1,693       12,920       
  U.S. Treasury, general account                              4,734    -     119    -     916        3,922
  Foreign official                                               85    +       1    -      89           81
  Service-related                                             8,652    -      14    -   1,311        8,652
     Required clearing balances                               8,652    -       1    -   1,311        8,652
     Adjustments to compensate for float                          0    -      13            0            0
  Other                                                       1,602    +   1,299    +     622          265
Other liabilities and capital                                30,892    -   1,757    +   4,804       30,961

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  870,303    +   2,857    +  42,249      863,913

Reserve balances with Federal Reserve Banks                  12,346    +   3,551    -     932       17,171
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,523,543    +   4,480    + 179,333    1,523,301
     U.S. Treasury                                        1,095,985    -   3,749    +  28,840    1,095,340
     Federal agency                                         427,558    +   8,229    + 150,493      427,961
  Securities lent to dealers                                  3,695    +   2,399    -   1,912        1,849   


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  Jan 4, 2006     Dec 28, 2005      Jan 5, 2005

Assets
Gold certificate account                                        11,039        +       2        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               683        -       5        -      36
Securities, repurchase agreements, and loans                   789,407        -     167        +  37,042
   Securities held outright                                    742,870        -   1,340        +  25,049
      U.S. Treasury (1)                                        742,870        -   1,340        +  25,049       
         Bills (2)                                             271,270                0        +   8,300
         Notes and bonds, nominal (2)                          448,274        -   1,321        +  11,845
         Notes and bonds, inflation-indexed (2)                 19,983                0        +   3,875
         Inflation compensation (3)                              3,342        -      20        +   1,029
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    46,500        +   1,250        +  12,000    
   Loans                                                            37        -      77        -       7
Items in process of collection                    (2,319)       11,813        +   4,063        +   2,272
Bank premises                                                    1,820        -       6        +      46
Other assets (5)                                                37,604        +     265        -   2,023
      Total assets                                (2,319)      854,566        +   4,152        +  37,299
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  756,534        -   2,712        +  38,053
Reverse repurchase agreements (6)                               27,567        -   2,805        -   1,080
Deposits                                              (0)       30,103        +   8,437        -   6,827       
  Depository institutions                                       25,835        +   8,773        -   5,983
  U.S. Treasury, general account                                 3,922        -     321        -     869
  Foreign official                                                  81        -       4        -      12
  Other                                               (0)          265        -      11        +      36
Deferred availability cash items                  (2,318)        9,401        +   2,704        +   1,712
Other liabilities and accrued dividends (7)                      3,910        -     509        +   1,165
      Total liabilities                           (2,319)      827,515        +   5,115        +  33,022
                          
Capital Accounts
Capital paid in                                                 13,542        +       6        +   1,696
Surplus                                                         12,905        +   1,275        +   2,085
Other capital accounts                                             604        -   2,245        +     495
      Total capital                                             27,051        -     963        +   4,277


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,    January 4, 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              17       49,527   -   7,645            0           0       46,500       27,567
16 days to 90 days          19      164,093   +   8,234            0           0            0            0
91 days to 1 year            0      185,897   -     628            0           0     ------      ------
Over 1 to 5 years     ------        209,454   -   1,289            0           0     ------      ------
Over 5 to 10 years    ------         56,694   -       4            0           0     ------      ------
Over 10 years         ------         77,204   -       9            0           0     ------      ------
                   		 	
All                         37      742,870   -   1,340            0           0       46,500      27,567

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    January 4, 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                      11,039        510      4,357        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                                             683         31         49         35         54         66         90         78         42         22         60         65         92
Securities, repurchase agreements,
      and loans                              789,407     38,007    341,074     26,353     31,383     56,693     57,481     66,906     23,052     15,517     21,022     36,590     75,328
   Securities held outright                  742,870     38,007    294,574     26,353     31,383     56,693     57,472     66,899     23,052     15,515     21,011     36,587     75,322
      U.S. Treasury (1)                      742,870     38,007    294,574     26,353     31,383     56,693     57,472     66,899     23,052     15,515     21,011     36,587     75,322
         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)                  471,599     24,128    187,006     16,730     19,923     35,991     36,485     42,470     14,634      9,850     13,339     23,227     47,817
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                46,500          0     46,500          0          0          0          0          0          0          0          0          0          0
      Loans                                       37          0          0          0          0          0          9          7          0          2         11          3          6
Items in process of collection                14,132        833        708        785      1,468        950      2,046        906        511        641      1,272      1,886      2,126
Bank premises                                  1,820        111        204         53        157        153        232        211         69        119         84        261        164
Other assets(5)                               37,604      3,231     14,290      1,117      2,451      4,812      2,111      2,616        900        749        685        996      3,643
Interdistrict settlement account                   0    - 3,340    -40,778    + 5,982    + 1,435    + 6,961    + 9,377    + 1,490    + 2,077    +   129    + 2,110    - 3,867    +18,425
          Total Assets                       856,885     39,499    320,778     34,841     37,505     70,619     72,448     73,347     27,049     17,419     25,617     36,578    101,185

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    January 4, 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             906,487     39,175    327,684     37,289     36,530     69,790     84,399     76,972     28,099     17,907     27,794     50,241    110,608
  Less: notes held by F.R. Banks              149,953      4,524     44,002      6,430      5,058     11,758     19,471     10,517      3,402      2,816      5,032     17,159     19,784
    Federal Reserve notes, net                756,534     34,650    283,682     30,859     31,472     58,032     64,929     66,455     24,697     15,092     22,762     33,082     90,824
Reverse repurchase agreements (1)              27,567      1,410     10,931        978      1,165      2,104      2,133      2,483        855        576        780      1,358      2,795
Deposits                                       30,103      1,643     16,047        488      1,386      2,025      2,013      1,400        783        346        733        663      2,576
  Depository institutions                      25,835      1,637     11,908        484      1,380      1,927      2,011      1,396        781        345        731        663      2,571
  U.S. Treasury, general account                3,922          0      3,922          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 81          5         52          1          4          7          2          3          1          1          1          0          4
  Other                                           265          0        164          3          2         91          0          1          1          0          1          0          0
Deferred availability cash items               11,719        890      1,142        878      1,222        790      1,231        841        260        799        853        945      1,868
Other liabilities and accrued                 
  dividends (2)                                 3,910        213      1,367        162        189        356        322        363        147        105        124        207        356
   
    Total liabilities                         829,834     38,806    313,169     33,364     35,433     63,307     70,627     71,541     26,743     16,918     25,252     36,255     98,419
                              
Capital                    
Capital paid in                                13,542        317      3,685        744      1,014      3,942        892        884        144        243        175        153      1,349
Surplus                                        12,905        317      3,685        733      1,013      3,322        892        876        144        245        175        153      1,349
Other capital                                     604         59        240          0         44         48         36         46         18         13         15         17         68
     Total liabilities and capital            856,885     39,499    320,778     34,841     37,505     70,619     72,448     73,347     27,049     17,419     25,617     36,578    101,185
                              

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
                                           Jan 4, 2006
              
Federal Reserve notes outstanding             906,487
   Less: Notes held by F.R. Banks
         not subject to collateralization     149,953
      Federal Reserve Notes to be
         collateralized                       756,534 
Collateral held against Federal Reserve            
   notes                                      756,534
   Gold certificate account                    11,039
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              743,295
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         789,370
   Less:face value of securities under
         reverse repurchase agreements         27,601
      U.S. Treasury and agency securities
             eligible to be pledged           761,769
   

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.