Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 811,962 - 4,476 + 31,409 811,284

Securities held outright 745,928 + 409 + 28,101 746,588

U.S. Treasury1 745,928 + 409 + 28,101 746,588

Bills2 272,834 + 179 + 9,864 272,834

Notes and bonds, nominal2 449,389 + 271 + 12,960 450,065

Notes and bonds, inflation-indexed2 20,431 0 + 4,323 20,431

Inflation compensation3 3,274 - 41 + 955 3,258

Federal agency2 0 0 0 0

Repurchase agreements4 25,643 - 3,928 + 3,750 25,000

Loans to depository institutions 39 - 282 - 38 30

Primary credit 10 - 282 - 45 2

Secondary credit 0 0 0 0

Seasonal credit 28 - 1 + 6 28

Float 113 - 733 - 1,042 -777

Other Federal Reserve assets 40,239 + 58 + 637 40,443

Gold stock 11,043 0 - 2 11,043

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

Treasury currency outstanding5 36,652 + 14 + 218 36,652

Total factors supplying reserve funds 861,857 - 4,462 + 31,625 861,180

Currency in circulation5 782,175 - 2,767 + 35,299 782,123

Reverse repurchase agreements6 23,576 - 993 - 3,877 21,691

Foreign official and international accounts 23,576 - 993 - 3,877 21,691

Dealers 0 0 0 0

Treasury cash holdings 209 - 1 - 83 216

Deposits with F.R. Banks, other than reserve balances 14,466 - 84 - 144 14,420

U.S. Treasury, general account 5,314 + 504 + 62 5,266

Foreign official 82 - 6 - 1 81

Service-related 8,698 - 676 - 247 8,698

Required clearing balances 8,698 - 676 - 245 8,698

Adjustments to compensate for float 0 0 - 2 0

Other 372 + 94 + 42 374

Other liabilities and capital 31,429 + 9 + 5,195 31,272

Total factors, other than reserve balances,

absorbing reserve funds 851,856 - 3,836 + 36,391 849,722

Reserve balances with Federal Reserve Banks 10,001 - 626 - 4,767 11,457

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,536,870 + 4,159 + 189,500 1,541,330

U.S. Treasury 1,104,324 + 3,000 + 34,276 1,103,406

Federal agency 432,546 + 1,160 + 155,224 437,924

Securities lent to dealers 2,271 + 573 + 1,067 2,916

FEDERAL RESERVE statistical release

 January 26, 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 25, 2006 Week ended

 Jan 25, 2006 Jan 18, 2006 Jan 26, 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 0 - 2

Special drawing rights certificate account 2,200 0 0

Coin 770 + 41 - 15

Securities, repurchase agreements, and loans 771,618 + 627 + 24,972

Securities held outright 746,588 + 903 + 28,761

U.S. Treasury1 746,588 + 903 + 28,761

Bills2 272,834 0 + 9,864

Notes and bonds, nominal2 450,065 + 947 + 13,636

Notes and bonds, inflation-indexed2 20,431 0 + 4,323

Inflation compensation3 3,258 - 44 + 938

Federal agency2 0 0 0

Repurchase agreements4 25,000 + 1,750 - 3,750

Loans 30 - 2,026 - 39

Items in process of collection (1,199) 5,586 - 8,360 - 618

Bank premises 1,823 + 1 + 45

Other assets5 38,622 + 574 - 1,587

Total assets (1,199) 831,659 - 7,116 + 22,797

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 746,453 - 2,719 + 34,461

Reverse repurchase agreements6 21,691 - 3,038 - 9,383

Deposits (0) 25,845 + 1,210 - 7,523

Depository institutions 20,123 + 1,292 - 7,735

U.S. Treasury, general account 5,266 - 163 + 149

Foreign official 81 + 3 + 5

Other (0) 374 + 76 + 57

Deferred availability cash items (1,199) 6,398 - 2,933 + 238

Other liabilities and accrued dividends7 4,036 + 85 + 1,200

Total liabilities (1,199) 804,424 - 7,394 + 18,995

Capital accounts

Capital paid in 13,551 + 3 + 1,531

Surplus 12,901 - 15 + 1,907

Other capital accounts 783 + 290 + 363

Total capital 27,235 + 278 + 3,802

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jan 26, 2005

Eliminations from

consolidation Wednesday

 Jan 25, 2006

Wednesday

 Jan 18, 2006

3. Maturity Distribution of Loans and Securities, January 25, 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 30 59,347 + 541 0 0 25,000 21,691

16 days to 90 days 0 156,150 - 594 0 0 0 0

91 days to 1 year 0 188,864 + 48 0 0 . . . . . . 

Over 1 year to 5 years . . . 208,279 - 14 0 0 . . . . . . 

Over 5 years to 10 years . . . 56,577 + 815 0 0 . . . . . . 

Over 10 years . . . 77,371 + 107 0 0 . . . . . . 

All 30 746,588 + 903 0 0 25,000 21,691

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on January 25, 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 2,200 770 771,618 746,588 746,588 272,834 473,755 0 25,000 30 6,785 1,823 38,622 0 832,858

Assets, liabilities, and capital

 4,357 874 55 321,048 296,048 296,048 108,188 187,860 0 25,000 0 492 206 14,635 -33,621 308,046

 510 115 33 38,203 38,198 38,198 13,959 24,239 0 0 5 429 112 3,307 - 5,249 37,460

 432 83 38 26,485 26,485 26,485 9,679 16,806 0 0 0 316 53 1,154 + 5,381 33,943

 453 104 60 31,540 31,540 31,540 11,526 20,014 0 0 0 570 157 2,511 + 600 35,995

 836 147 83 56,978 56,977 56,977 20,822 36,155 0 0 1 382 153 4,928 + 7,196 70,701

 945 166 103 57,760 57,760 57,760 21,108 36,652 0 0 0 1,356 232 2,171 +11,451 74,184

 928 212 91 67,250 67,234 67,234 24,570 42,664 0 0 16 185 211 2,705 + 161 71,743

 327 71 46 23,168 23,167 23,167 8,466 14,701 0 0 1 279 70 933 + 1,219 26,112

 2   15,5 15,5 15,5 5,6 9,8    2 1 7 - 4 16,5
 910,139

 163,686 746,453 746,453 11,039 2,200 733,214 0 771,588 21,714 749,875

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.

 910,139 163,686 746,453 21,691 25,845 20,123 5,266 81 374 7,596 4,036 805,622 13,551 12,901 783 832,858

 39,117 5,057 34,059 1,110 825 820 0 5 0 565 222 36,781 317 317 44 37,460

 326,489 47,986 278,503 8,601 10,978 5,480 5,266 53 178 918 1,415 300,415 3,688 3,685 258 308,046

 37,372 7,378 29,994 769 832 831 0 1 0 672 168 32,435 744 744 20 33,943

 36,299 5,698 30,601 916 1,633 1,628 0 4 1 587 196 33,934 1,014 1,013 34 35,995

 70,899 12,665 58,234 1,655 2,363 2,255 0 7 100 669 355 63,276 3,943 3,307 175 70,701

 88,632 21,339 67,293 1,678 1,951 1,949 0 2 0 1,088 336 72,347 893 892 52 74,184

 77,393 12,378 65,014 1,953 2,170 2,167 0 3 1 404 378 69,921 884 876 62 71,743

 28,001 3,872 24,129 673 651 560 0 1 91 203 150 25,807 144 144 18 26,112

 17,7 2,9 14,8 4 3 3    3 1 16,0 2 2  16,5

H.4.14. Statement of Condition of Each Federal Reserve Bank on January 25, 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 25, 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.