FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          February 23, 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           Feb 22, 2006 Feb 15, 2006 Feb 23, 2005 Feb 22, 2006
Federal Reserve Banks

Reserve Bank Credit                                         815,809    -      30    +  35,041      821,538
 Securities held outright                                   751,487    +     862    +  33,642      752,549       
    U.S. Treasury (1)                                       751,487    +     862    +  33,642      752,549
       Bills (2)                                            274,142    +     711    +  11,137      274,142
       Notes and bonds, nominal (2)                         452,009    +     179    +  18,580      453,078
       Notes and bonds, inflation-indexed (2)                22,196            0    +   3,088       22,196
       Inflation compensation (3)                             3,141    -      27    +     838        3,133
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    27,536    +   3,179    +   3,572       29,000
 Loans to depository institutions                                45    -      53    +      24          103
    Primary credit                                                5    -      61            0           14
    Secondary credit                                              8    +       8    +       8           59
    Seasonal credit                                              32            0    +      16           30
 Float                                                         -475    -   1,055    -     156        2,527
 Other Federal Reserve assets                                37,216    -   2,963    -   2,040       37,358
Gold stock                                                   11,044            0    +       2       11,044
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,638    +      14    +     120       36,638
       
Total factors supplying reserve funds                       865,691    -      16    +  35,163      871,419
                                                                   
Currency in circulation(5)                                  788,615    +   2,600    +  35,372      788,940
Reverse repurchase agreements (6)                            23,786    +   1,390    -      71       24,510
   Foreign official and international accounts               23,786    +   1,390    -      71       24,510
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          191    -       7    -      78          185
Deposits with F.R.Banks, other than reserve balances         13,373    -     672    -     924       12,693       
  U.S. Treasury, general account                              5,005    -     219    -     245        4,334
  Foreign official                                               84    -       7    +       3           88
  Service-related                                             8,015    -     456    -     654        8,015
     Required clearing balances                               8,015    -     456    -     654        8,015
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         269    +      10    -      27          257
Other liabilities and capital                                32,014    +     224    +   4,579       31,739

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  857,979    +   3,536    +  38,878      858,067

Reserve balances with Federal Reserve Banks                   7,712    -   3,552    -   3,715       13,352
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,572,360    +  15,648    + 207,655    1,575,902
     U.S. Treasury                                        1,124,600    +  13,325    +  47,243    1,127,880
     Federal agency                                         447,759    +   2,322    + 160,412      448,023
  Securities lent to dealers                                  2,067    +     732    -     899        4,685   


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 Feb 22, 2006     Feb 15, 2006     Feb 23, 2005

Assets
Gold certificate account                                        11,040                0        +       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               841        -       5        +      31
Securities, repurchase agreements, and loans                   781,652        +     112        +  38,538
   Securities held outright                                    752,549        +   1,222        +  34,710
      U.S. Treasury (1)                                        752,549        +   1,222        +  34,710       
         Bills (2)                                             274,142                0        +  11,137
         Notes and bonds, nominal (2)                          453,078        +   1,248        +  19,649
         Notes and bonds, inflation-indexed (2)                 22,196                0        +   3,088
         Inflation compensation (3)                              3,133        -      25        +     836
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    29,000        -     750        +   3,750    
   Loans                                                           103        -     361        +      79
Items in process of collection                    (1,824)       10,442        +   4,898        +     787
Bank premises                                                    1,820                0        +      36
Other assets (5)                                                35,541        +     336        -   2,130
      Total assets                                (1,824)      843,536        +   5,341        +  37,264
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  753,325        +   1,067        +  34,954
Reverse repurchase agreements (6)                               24,510        +   1,815        +   1,036
Deposits                                              (0)       26,048        +     530        -   2,297       
  Depository institutions                                       21,369        +   1,339        -   2,133
  U.S. Treasury, general account                                 4,334        -     791        -     153
  Foreign official                                                  88        -      13        +       7
  Other                                               (0)          257        -       5        -      18
Deferred availability cash items                  (1,824)        7,915        +   1,773        -     866
Other liabilities and accrued dividends (7)                      4,326        +      77        +   1,315
      Total liabilities                           (1,824)      816,123        +   5,262        +  34,141
                          
Capital Accounts
Capital paid in                                                 13,716        +       1        +   1,208
Surplus                                                         12,901                0        +   1,787
Other capital accounts                                             796        +      78        +     128
      Total capital                                             27,413        +      79        +   3,123


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,  February 22, 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             103       57,558   -     281            0           0       29,000       24,510
16 days to 90 days           0      166,743   +     249            0           0            0            0
91 days to 1 year            0      180,550   +      30            0           0     ------      ------
Over 1 to 5 years     ------        213,888   +   1,240            0           0     ------      ------
Over 5 to 10 years    ------         54,931   +   1,875            0           0     ------      ------
Over 10 years         ------         78,879   -   1,890            0           0     ------      ------
                   		 	
All                        103      752,549   +   1,222            0           0       29,000      24,510

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  February 22, 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                      11,040        510      4,358        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                                             841         37         70         48         66         83        107         98         49         28         73         73        109
Securities, repurchase agreements,
      and loans                              781,652     38,511    327,471     26,696     31,791     57,432     58,221     67,786     23,352     15,721     21,289     37,064     76,316
   Securities held outright                  752,549     38,503    298,412     26,696     31,791     57,432     58,221     67,771     23,352     15,717     21,285     37,064     76,304
      U.S. Treasury (1)                      752,549     38,503    298,412     26,696     31,791     57,432     58,221     67,771     23,352     15,717     21,285     37,064     76,304
         Bills (2)                           274,142     14,026    108,707      9,725     11,581     20,922     21,209     24,688      8,507      5,726      7,754     13,502     27,796
         Notes and bonds(3)                  478,407     24,477    189,705     16,971     20,210     36,510     37,012     43,083     14,845      9,992     13,531     23,562     48,507
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                29,000          0     29,000          0          0          0          0          0          0          0          0          0          0
      Loans                                      103          8         59          0          0          0          0         15          0          4          4          0         13
Items in process of collection                12,267        554        746        653      1,775        584      2,882        768        401        405        970        840      1,689
Bank premises                                  1,820        112        206         53        157        152        232        211         70        119         88        260        159
Other assets(5)                               35,541      1,155     13,243      1,579      2,097      6,388      2,395      2,469        685        655        642        913      3,321
Interdistrict settlement account                   0    - 3,146    -38,318    + 5,762    +   245    +11,426    +10,073    - 1,587    + 1,336    -   277    + 2,085    - 3,259    +15,658
          Total Assets                       845,361     37,848    308,651     35,306     36,689     77,049     75,021     70,885     26,292     16,893     25,532     36,538     98,658

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  February 22, 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             910,875     38,936    325,775     38,427     36,800     72,862     88,232     77,016     27,805     17,668     27,668     49,842    109,844
  Less: notes held by F.R. Banks              157,550      4,955     46,778      7,053      5,166     11,933     20,753     12,503      3,643      2,700      4,729     16,461     20,876
    Federal Reserve notes, net                753,325     33,981    278,997     31,374     31,634     60,929     67,479     64,512     24,162     14,968     22,939     33,380     88,968
Reverse repurchase agreements (1)              24,510      1,254      9,719        869      1,035      1,871      1,896      2,207        761        512        693      1,207      2,485
Deposits                                       26,048        802      9,701        541        992      5,575      2,136      1,294        523        324        651        838      2,672
  Depository institutions                      21,369        793      5,135        539        987      5,493      2,133      1,290        520        323        650        838      2,668
  U.S. Treasury, general account                4,334          0      4,334          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 88          1         59          2          3         11          3          3          0          1          1          0          4
  Other                                           257          7        173          0          1         71          0          1          2          0          1          0          0
Deferred availability cash items                9,739        904      1,096        830        769        814      1,139        659        382        470        740        561      1,374
Other liabilities and accrued                 
  dividends (2)                                 4,326        231      1,516        176        208        392        360        402        158        120        137        218        407
   
    Total liabilities                         817,948     37,172    301,029     33,790     34,639     69,580     73,011     69,074     25,986     16,395     25,160     36,205     95,906
                              
Capital                    
Capital paid in                                13,716        323      3,693        750      1,014      3,946      1,035        884        144        243        178        153      1,351
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                     796         35        243         22         22        216         82         50         18          9         19         27         52
     Total liabilities and capital            845,361     37,848    308,651     35,306     36,689     77,049     75,021     70,885     26,292     16,893     25,532     36,538     98,658
                              

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
                                          Feb 22, 2006
              
Federal Reserve notes outstanding             910,875
   Less: Notes held by F.R. Banks
         not subject to collateralization     157,550
      Federal Reserve Notes to be
         collateralized                       753,325 
Collateral held against Federal Reserve            
   notes                                      753,325
   Gold certificate account                    11,040
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              740,085
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         781,549
   Less:face value of securities under
         reverse repurchase agreements         24,540
      U.S. Treasury and agency securities
             eligible to be pledged           757,009
   

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.