Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 824,690 + 1,629 + 41,447 821,796

Securities held outright 759,725 + 31 + 39,128 759,737

U.S. Treasury1 759,725 + 31 + 39,128 759,737

Bills2 275,370 0 + 11,292 275,370

Notes and bonds, nominal2 458,273 0 + 23,359 458,273

Notes and bonds, inflation-indexed2 22,646 0 + 3,538 22,646

Inflation compensation3 3,436 + 32 + 939 3,448

Federal agency2 0 0 0 0

Repurchase agreements4 23,500 - 1,571 + 2,464 20,500

Loans to depository institutions 174 + 36 + 40 385

Primary credit 40 + 15 + 32 248

Secondary credit 0 0 0 0

Seasonal credit 134 + 21 + 8 137

Float -301 + 2,748 + 356 -769

Other Federal Reserve assets 41,592 + 385 - 542 41,943

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 37,949 + 14 + 1,404 37,949

Total factors supplying reserve funds 875,880 + 1,643 + 42,851 872,986

Currency in circulation5 793,733 + 1,943 + 39,217 795,458

Reverse repurchase agreements6 25,976 + 1,605 + 827 24,535

Foreign official and international accounts 25,976 + 1,605 + 827 24,535

Dealers 0 0 0 0

Treasury cash holdings 178 - 3 - 76 180

Deposits with F.R. Banks, other than reserve balances 12,243 - 210 - 2,234 12,009

U.S. Treasury, general account 5,151 - 215 + 158 4,931

Foreign official 97 - 1 - 26 85

Service-related 6,696 - 1 - 2,328 6,696

Required clearing balances 6,696 - 1 - 2,328 6,696

Adjustments to compensate for float 0 0 0 0

Other 299 + 6 - 37 296

Other liabilities and capital 33,779 + 59 + 4,866 33,428

Total factors, other than reserve balances,

absorbing reserve funds 865,908 + 3,392 + 42,599 865,610

Reserve balances with Federal Reserve Banks 9,972 - 1,749 + 252 7,376

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,621,006 + 9,161 + 221,646 1,623,092

U.S. Treasury 1,124,753 + 5,668 + 50,944 1,125,085

Federal agency 496,253 + 3,493 + 170,702 498,007

Securities lent to dealers 1,008 - 663 - 675 1,438

FEDERAL RESERVE statistical release

 May 11, 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

 May 10, 2006 Week ended

 May 10, 2006 May 3, 2006 May 11, 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 781 - 22 + 106

Securities, repurchase agreements, and loans 780,622 - 4,968 + 32,918

Securities held outright 759,737 + 33 + 38,172

U.S. Treasury1 759,737 + 33 + 38,172

Bills2 275,370 0 + 11,107

Notes and bonds, nominal2 458,273 0 + 22,590

Notes and bonds, inflation-indexed2 22,646 0 + 3,538

Inflation compensation3 3,448 + 33 + 937

Federal agency2 0 0 0

Repurchase agreements4 20,500 - 5,250 - 5,500

Loans 385 + 250 + 247

Items in process of collection (1,246) 5,052 - 1,310 - 1,548

Bank premises 1,836 + 1 + 22

Other assets5 40,018 + 832 - 182

Total assets (1,246) 841,546 - 5,468 + 31,316

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 758,466 + 1,251 + 38,142

Reverse repurchase agreements6 24,535 + 57 - 773

Deposits (0) 19,297 - 5,752 - 10,119

Depository institutions 13,984 - 5,424 - 10,041

U.S. Treasury, general account 4,931 - 284 - 67

Foreign official 85 - 31 + 6

Other (0) 296 - 14 - 19

Deferred availability cash items (1,246) 5,820 - 1,289 - 735

Other liabilities and accrued dividends7 4,686 + 40 + 1,352

Total liabilities (1,246) 812,804 - 5,692 + 27,867

Capital accounts

Capital paid in 13,848 + 23 + 1,077

Surplus 12,901 0 + 1,489

Other capital accounts 1,992 + 200 + 882

Total capital 28,742 + 224 + 3,449

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 May 11, 2005

Eliminations from

consolidation Wednesday

 May 10, 2006

Wednesday

 May 3, 2006

3. Maturity Distribution of Loans and Securities, May 10, 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 270 66,774 + 1,068 0 0 20,500 24,535

16 days to 90 days 115 164,927 - 199 0 0 0 0

91 days to 1 year 0 176,385 - 866 0 0 . . . . . . 

Over 1 year to 5 years . . . 216,226 + 10 0 0 . . . . . . 

Over 5 years to 10 years . . . 55,392 + 5 0 0 . . . . . . 

Over 10 years . . . 80,033 + 15 0 0 . . . . . . 

All 385 759,737 + 33 0 0 20,500 24,535

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on May 10, 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 2,200 781 780,622 759,737 759,737 275,370 484,367 0 20,500 385 6,298 1,836 40,018 0 842,792

Assets, liabilities, and capital

 4,139 874 54 301,897 281,199 281,199 101,922 179,277 0 20,500 198 260 205 14,418 - 1,464 320,384

 486 115 38 36,258 36,253 36,253 13,140 23,113 0 0 5 489 113 1,287 - 1,409 37,377

 463 83 40 32,985 32,985 32,985 11,955 21,029 0 0 0 568 55 1,898 + 175 36,268

 446 104 79 32,805 32,805 32,805 11,890 20,915 0 0 0 780 156 2,344 - 346 36,368

 853 147 65 63,111 63,111 63,111 22,875 40,236 0 0 0 404 153 7,124 + 2,329 74,187

 1,023 166 82 63,610 63,603 63,603 23,053 40,550 0 0 7 731 231 2,861 + 3,297 72,001

 947 212 91 69,824 69,759 69,759 25,284 44,475 0 0 65 316 209 2,871 - 6,049 68,420

 328 71 40 24,150 24,138 24,138 8,749 15,389 0 0 12 215 69 808 - 226 25,455

 2   15,4 15,4 15,4 5,5 9,8    2 1 7 +  16,8
 918,617

 160,151 758,466 758,466 11,037 2,200 745,229 0 780,237 24,565 755,672

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.

 918,617 160,151 758,466 24,535 19,297 13,984 4,931 85 296 7,067 4,686 814,050 13,848 12,901 1,992 842,792

 38,447 4,448 33,999 1,171 773 770 0 1 2 516 230 36,688 324 317 48 37,377

 338,433 44,381 294,052 9,081 7,280 2,134 4,931 57 158 706 1,548 312,667 3,670 3,685 362 320,384

 39,413 6,957 32,456 1,065 439 437 0 2 0 564 221 34,745 729 744 49 36,268

 36,863 5,769 31,094 1,059 1,240 1,236 0 3 1 657 233 34,283 1,015 1,013 57 36,368

 73,950 12,492 61,458 2,038 1,410 1,270 0 11 129 619 499 66,024 4,007 3,307 850 74,187

 86,617 22,499 64,119 2,054 2,411 2,408 0 3 0 827 398 69,808 1,060 892 240 72,001

 75,375 13,313 62,062 2,253 1,439 1,436 0 3 0 367 426 66,547 899 876 98 68,420

 27,548 4,075 23,473 780 536 535 0 0 1 169 169 25,127 149 144 35 25,455

 17,4 2,3 15,0 4 3 3    3 1 16,3 2 2  16,8

H.4.14. Statement of Condition of Each Federal Reserve Bank on May 10, 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

 May 10, 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.