Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 836,187 + 11,458 + 40,391 836,958

Securities held outright 766,371 + 41 + 41,652 766,385

U.S. Treasury1 766,371 + 41 + 41,652 766,385

Bills2 275,370 0 + 10,355 275,370

Notes and bonds, nominal2 464,580 0 + 27,206 464,580

Notes and bonds, inflation-indexed2 22,646 0 + 3,113 22,646

Inflation compensation3 3,775 + 41 + 978 3,789

Federal agency2 0 0 0 0

Repurchase agreements4 29,464 + 11,035 - 607 28,250

Loans to depository institutions 291 - 2 - 454 282

Primary credit 15 - 1 - 524 6

Secondary credit 0 0 0 0

Seasonal credit 276 - 1 + 70 276

Float -428 + 194 - 941 1,475

Other Federal Reserve assets 40,488 + 188 + 740 40,567

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,062 + 14 + 1,447 38,062

Total factors supplying reserve funds 887,490 + 11,472 + 41,838 888,261

Currency in circulation5 798,204 + 5,267 + 31,703 800,735

Reverse repurchase agreements6 29,683 + 2,641 + 3,916 29,086

Foreign official and international accounts 29,683 + 2,641 + 3,916 29,086

Dealers 0 0 0 0

Treasury cash holdings 173 - 20 - 64 167

Deposits with F.R. Banks, other than reserve balances 12,849 + 437 + 319 13,037

U.S. Treasury, general account 5,334 + 410 + 1,494 5,528

Foreign official 111 + 24 - 14 90

Service-related 7,162 - 4 - 1,116 7,162

Required clearing balances 7,162 - 4 - 1,116 7,162

Adjustments to compensate for float 0 0 0 0

Other 242 + 7 - 45 258

Other liabilities and capital 34,926 - 152 + 5,883 34,629

Total factors, other than reserve balances,

absorbing reserve funds 875,835 + 8,173 + 41,757 877,654

Reserve balances with Federal Reserve Banks 11,655 + 3,299 + 81 10,607

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,636,139 - 2,136 + 198,165 1,637,480

U.S. Treasury 1,117,918 - 2,668 + 31,982 1,119,882

Federal agency 518,220 + 531 + 166,182 517,598

Securities lent to dealers 6,725 + 4,385 + 1,369 5,613

FEDERAL RESERVE statistical release

 July 6, 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

 Jul 5, 2006 Week ended

 Jul 5, 2006 Jun 28, 2006 Jul 6, 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 696 - 24 + 88

Securities, repurchase agreements, and loans 794,917 + 5,768 + 35,978

Securities held outright 766,385 + 36 + 41,668

U.S. Treasury1 766,385 + 36 + 41,668

Bills2 275,370 0 + 10,355

Notes and bonds, nominal2 464,580 0 + 27,206

Notes and bonds, inflation-indexed2 22,646 0 + 3,113

Inflation compensation3 3,789 + 36 + 993

Federal agency2 0 0 0

Repurchase agreements4 28,250 + 5,750 - 5,750

Loans 282 - 18 + 60

Items in process of collection (1,423) 5,979 + 1,355 - 4,939

Bank premises 1,857 + 2 + 41

Other assets5 38,463 + 149 + 430

Total assets (1,423) 855,149 + 7,251 + 31,598

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 763,532 + 5,211 + 31,015

Reverse repurchase agreements6 29,086 - 1,314 + 4,622

Deposits (2) 23,397 + 3,958 - 5,947

Depository institutions 17,521 + 3,282 - 6,903

U.S. Treasury, general account 5,528 + 649 + 984

Foreign official 90 0 + 8

Other (2) 258 + 27 - 37

Deferred availability cash items (1,421) 4,505 - 592 - 3,927

Other liabilities and accrued dividends7 4,727 - 452 + 1,502

Total liabilities (1,423) 825,247 + 6,811 + 27,265

Capital accounts

Capital paid in 14,975 + 7 + 2,036

Surplus 12,901 0 + 1,464

Other capital accounts 2,026 + 433 + 832

Total capital 29,902 + 440 + 4,333

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jul 6, 2005

Eliminations from

consolidation Wednesday

 Jul 5, 2006

Wednesday

 Jun 28, 2006

3. Maturity Distribution of Loans and Securities, July 5, 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 47 58,899 - 2,410 0 0 28,250 29,086

16 days to 90 days 235 174,987 + 2,020 0 0 0 0

91 days to 1 year 0 176,068 - 935 0 0 . . . . . . 

Over 1 year to 5 years . . . 217,323 + 1,341 0 0 . . . . . . 

Over 5 years to 10 years . . . 60,717 + 5 0 0 . . . . . . 

Over 10 years . . . 78,392 + 17 0 0 . . . . . . 

All 282 766,385 + 36 0 0 28,250 29,086

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on July 5, 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 2,200 696 794,917 766,385 766,385 275,370 491,015 0 28,250 282 7,403 1,857 38,463 0 856,572

Assets, liabilities, and capital

 4,139 874 40 311,910 283,660 283,660 101,922 181,738 0 28,250 0 590 206 13,918 - 3,906 327,771

 486 115 31 36,573 36,571 36,571 13,140 23,430 0 0 3 458 113 1,224 - 75 38,925

 463 83 30 33,273 33,273 33,273 11,955 21,318 0 0 0 222 57 1,819 + 1,919 37,866

 446 104 66 33,092 33,092 33,092 11,890 21,202 0 0 0 1,015 157 2,264 - 660 36,485

 853 147 62 63,664 63,664 63,664 22,875 40,789 0 0 0 326 154 6,905 + 3,440 75,550

 1,023 166 87 64,165 64,159 64,159 23,053 41,106 0 0 6 875 231 2,728 + 3,373 72,648

 947 212 74 70,459 70,369 70,369 25,284 45,085 0 0 90 516 208 2,739 - 7,401 67,754

 328 71 34 24,386 24,349 24,349 8,749 15,600 0 0 37 260 70 748 - 264 25,632

 2   15,6 15,5 15,5 5,5 9,9    2 1 7 +  17,1
 929,257

 165,725 763,532 763,532 11,037 2,200 750,295 0 794,635 29,126 765,509

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.

 929,257 165,725 763,532 29,086 23,399 17,521 5,528 90 260 5,926 4,727 826,670 14,975 12,901 2,026 856,572

 38,135 3,518 34,617 1,388 1,475 1,473 0 1 1 411 239 38,130 382 317 96 38,925

 348,559 50,525 298,034 10,766 9,121 3,367 5,528 61 165 565 1,592 320,078 3,674 3,685 334 327,771

 39,754 7,132 32,622 1,263 871 866 0 2 3 264 216 35,236 1,744 744 142 37,866

 37,076 5,917 31,158 1,256 1,212 1,209 0 3 0 544 227 34,397 1,024 1,013 50 36,485

 73,357 12,642 60,715 2,416 3,582 3,488 0 11 82 276 442 67,430 4,014 3,307 798 75,550

 90,449 25,248 65,201 2,435 1,800 1,817 0 3 -19 603 406 70,445 1,069 892 242 72,648

 74,131 12,978 61,152 2,671 1,325 1,322 0 3 1 282 434 65,865 908 876 105 67,754

 27,392 3,824 23,568 924 509 501 0 0 7 124 177 25,302 155 144 31 25,632

 17,2 2,1 15,1 5 2 2    4 1 16,6 2 2  17,1

H.4.14. Statement of Condition of Each Federal Reserve Bank on July 5, 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

 Jul 5, 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.