Reserve Bank credit, related items, and

reserve balances of depository institutions

at 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. Treasury1 743,831 - 376 + 26,012 742,870

Bills2 271,270 0 + 8,300 271,270

Notes and bonds, nominal2 449,217 - 378 + 12,788 448,274

Notes and bonds, inflation-indexed2 19,983 0 + 3,875 19,983

Inflation compensation3 3,360 + 2 + 1,048 3,342

Federal agency2 0 0 0 0

Repurchase agreements4 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 outstanding5 36,610 + 14 + 176 36,610

Total factors supplying reserve funds 882,649 + 6,409 + 41,317 881,084

Currency in circulation5 793,705 + 1,594 + 38,677 792,263

Reverse repurchase agreements6 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 accounts2,7 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

FEDERAL RESERVE statistical release

 January 5, 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

 Jan 4, 2006 Week ended

 Jan 4, 2006 Dec 28, 2005 Jan 5, 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 11,039 + 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. Treasury1 742,870 - 1,340 + 25,049

Bills2 271,270 0 + 8,300

Notes and bonds, nominal2 448,274 - 1,321 + 11,845

Notes and bonds, inflation-indexed2 19,983 0 + 3,875

Inflation compensation3 3,342 - 20 + 1,029

Federal agency2 0 0 0

Repurchase agreements4 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 assets5 37,604 + 265 - 2,023

Total assets (2,319) 854,566 + 4,152 + 37,299

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 756,534 - 2,712 + 38,053

Reverse repurchase agreements6 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 dividends7 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

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jan 5, 2005

Eliminations from

consolidation Wednesday

 Jan 4, 2006

Wednesday

 Dec 28, 2005

3. Maturity Distribution of Loans and Securities, January 4, 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 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 year to 5 years . . . 209,454 - 1,289 0 0 . . . . . . 

Over 5 years 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

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on January 4, 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.

 11,039 2,200 683 789,407 742,870 742,870 271,270 471,599 0 46,500 37 14,132 1,820 37,604 0 856,885

Assets, liabilities, and capital

 4,357 874 49 341,074 294,574 294,574 107,568 187,006 0 46,500 0 708 204 14,290 -40,778 320,778

 510 115 31 38,007 38,007 38,007 13,879 24,128 0 0 0 833 111 3,231 - 3,340 39,499

 432 83 35 26,353 26,353 26,353 9,623 16,730 0 0 0 785 53 1,117 + 5,982 34,841

 453 104 54 31,383 31,383 31,383 11,460 19,923 0 0 0 1,468 157 2,451 + 1,435 37,505

 836 147 66 56,693 56,693 56,693 20,702 35,991 0 0 0 950 153 4,812 + 6,961 70,619

 945 166 90 57,481 57,472 57,472 20,987 36,485 0 0 9 2,046 232 2,111 + 9,377 72,448

 928 212 78 66,906 66,899 66,899 24,429 42,470 0 0 7 906 211 2,616 + 1,490 73,347

 327 71 42 23,052 23,052 23,052 8,418 14,634 0 0 0 511 69 900 + 2,077 27,049

 2   15,5 15,5 15,5 5,6 9,8    6 1 7 + 1 17,4
 906,487

 149,953 756,534 756,534 11,039 2,200 743,295 0 789,370 27,601 761,769

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.

 906,487 149,953 756,534 27,567 30,103 25,835 3,922 81 265 11,719 3,910 829,834 13,542 12,905 604 856,885

 39,175 4,524 34,650 1,410 1,643 1,637 0 5 0 890 213 38,806 317 317 59 39,499

 327,684 44,002 283,682 10,931 16,047 11,908 3,922 52 164 1,142 1,367 313,169 3,685 3,685 240 320,778

 37,289 6,430 30,859 978 488 484 0 1 3 878 162 33,364 744 733 0 34,841

 36,530 5,058 31,472 1,165 1,386 1,380 0 4 2 1,222 189 35,433 1,014 1,013 44 37,505

 69,790 11,758 58,032 2,104 2,025 1,927 0 7 91 790 356 63,307 3,942 3,322 48 70,619

 84,399 19,471 64,929 2,133 2,013 2,011 0 2 0 1,231 322 70,627 892 892 36 72,448

 76,972 10,517 66,455 2,483 1,400 1,396 0 3 1 841 363 71,541 884 876 46 73,347

 28,099 3,402 24,697 855 783 781 0 1 1 260 147 26,743 144 144 18 27,049

 17,9 2,8 15,0 5 3 3    7 1 16,9 2 2  17,4

H.4.14. Statement of Condition of Each Federal Reserve Bank on January 4, 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

 Jan 4, 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.