FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           December 1, 2005
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           Nov 30, 2005 Nov 23, 2005  Dec 1, 2004 Nov 30, 2005
Federal Reserve Banks

Reserve Bank Credit                                         812,719    +   6,209    +  27,209      817,793
 Securities held outright                                   744,306    +     806    +  32,338      744,168       
    U.S. Treasury (1)                                       744,306    +     806    +  32,338      744,168
       Bills (2)                                            271,270    +     142    +   9,712      271,270
       Notes and bonds, nominal (2)                         449,757    +     599    +  17,231      449,595
       Notes and bonds, inflation-indexed (2)                19,983            0    +   4,300       19,983
       Inflation compensation (3)                             3,295    +      64    +   1,095        3,319
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    29,821    +   5,250    -   3,822       35,250
 Loans to depository institutions                               103    -      15    +      30           86
    Primary credit                                                6    -      17            0            4
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              97    +       3    +      30           81
 Float                                                          919    -     178    +   1,030          886
 Other Federal Reserve assets                                37,569    +     346    -   2,369       37,403
Gold stock                                                   11,041            0    -       2       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,541    +      14    +     106       36,541
       
Total factors supplying reserve funds                       862,500    +   6,223    +  27,311      867,574
                                                                   
Currency in circulation(5)                                  780,611    +   3,633    +  26,731      780,224
Reverse repurchase agreements (6)                            25,782    +     854    -   2,304       30,055
   Foreign official and international accounts               25,782    +     854    -   2,304       30,055
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          204    -       6    -      75          204
Deposits with F.R.Banks, other than reserve balances         14,212    -     122    -   1,420       13,725       
  U.S. Treasury, general account                              5,090    -      17    -     127        4,634
  Foreign official                                               83    +       2    -       5           82
  Service-related                                             8,754    -      69    -   1,270        8,754
     Required clearing balances                               8,754    -      69    -   1,270        8,754
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         284    -      39    -      19          255
Other liabilities and capital                                32,315    +     204    +   6,787       31,865

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  853,124    +   4,563    +  29,719      856,073

Reserve balances with Federal Reserve Banks                   9,376    +   1,659    -   2,407       11,501
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,503,955    +   4,306    + 181,321    1,506,953
     U.S. Treasury                                        1,100,118    +   1,687    +  37,903    1,101,226
     Federal agency                                         403,837    +   2,619    + 143,418      405,727
  Securities lent to dealers                                  2,955    -     746    +   1,368        5,052   


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 Nov 30, 2005     Nov 23, 2005      Dec 1, 2004

Assets
Gold certificate account                                        11,037        +       1        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               684        -      22        -      19
Securities, repurchase agreements, and loans                   779,504        +   2,596        +  32,807
   Securities held outright                                    744,168        -     133        +  31,277
      U.S. Treasury (1)                                        744,168        -     133        +  31,277       
         Bills (2)                                             271,270                0        +   8,793
         Notes and bonds, nominal (2)                          449,595        -     189        +  17,069
         Notes and bonds, inflation-indexed (2)                 19,983                0        +   4,300
         Inflation compensation (3)                              3,319        +      56        +   1,114
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    35,250        +   2,750        +   1,500    
   Loans                                                            86        -      22        +      30
Items in process of collection                      (995)        6,976        -     491        -   1,027
Bank premises                                                    1,846        +       3        +      94
Other assets (5)                                                35,505        -      96        -   2,655
      Total assets                                  (995)      837,752        +   1,991        +  29,199
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  744,567        -   1,015        +  26,340
Reverse repurchase agreements (6)                               30,055        +   5,568        +   2,516
Deposits                                              (0)       25,174        -   1,722        -   5,272       
  Depository institutions                                       20,204        -   2,180        -   4,576
  U.S. Treasury, general account                                 4,634        +     472        -     630
  Foreign official                                                  82        +       2        -       2
  Other                                               (0)          255        -      15        -      63
Deferred availability cash items                    (995)        6,091        -     608        -   1,009
Other liabilities and accrued dividends (7)                      4,231        +      37        +   1,196
      Total liabilities                             (995)      810,118        +   2,259        +  23,772
                          
Capital Accounts
Capital paid in                                                 13,501        +       3        +   1,957
Surplus                                                         11,630                0        +   2,783
Other capital accounts                                           2,503        -     272        +     688
      Total capital                                             27,634        -     269        +   5,428


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,  November 30, 2005
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              58       48,773   -   7,042            0           0       35,250       30,055
16 days to 90 days          28      163,763   +   8,191            0           0            0            0
91 days to 1 year            0      187,020   -   1,231            0           0     ------      ------
Over 1 to 5 years     ------        210,726   -      86            0           0     ------      ------
Over 5 to 10 years    ------         56,690   +       9            0           0     ------      ------
Over 10 years         ------         77,194   +      24            0           0     ------      ------
                   		 	
All                         86      744,168   -     133            0           0       35,250      30,055

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  November 30, 2005
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                      11,037        510      4,355        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                                             684         30         51         46         52         56         90         74         33         22         60         68        101
Securities, repurchase agreements,
      and loans                              779,504     38,074    330,339     26,399     31,437     56,793     57,584     67,045     23,100     15,559     21,065     36,651     75,458
   Securities held outright                  744,168     38,074    295,089     26,399     31,437     56,792     57,573     67,016     23,092     15,542     21,048     36,651     75,454
      U.S. Treasury (1)                      744,168     38,074    295,089     26,399     31,437     56,792     57,573     67,016     23,092     15,542     21,048     36,651     75,454
         Bills (2)                           271,270     13,879    107,568      9,623     11,460     20,702     20,987     24,429      8,418      5,666      7,673     13,360     27,505
         Notes and bonds(3)                  472,898     24,195    187,520     16,776     19,978     36,090     36,586     42,587     14,674      9,877     13,376     23,291     47,949
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                35,250          0     35,250          0          0          0          0          0          0          0          0          0          0
      Loans                                       86          0          0          0          0          0         12         29          8         17         16          0          4
Items in process of collection                 7,972        372        419        386        403        535      1,703        195        237        372        659        918      1,772
Bank premises                                  1,846        108        203         53        158        144        271        211         70        119         83        262        165
Other assets(5)                               35,505      3,089     13,518        977      2,344      4,604      1,966      2,443        864        712        639        915      3,434
Interdistrict settlement account                   0    - 2,404    -32,899    + 6,799    + 1,354    + 6,800    + 4,169    + 1,782    +   328    -   283    +   597    - 3,864    +17,621
          Total Assets                       838,747     39,894    316,859     35,176     36,304     69,914     66,895     72,890     25,029     16,743     23,488     35,597     99,958

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  November 30, 2005
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             899,790     39,314    328,762     37,467     36,546     69,052     81,444     76,596     26,355     17,305     26,301     50,064    110,586
  Less: notes held by F.R. Banks              155,223      4,681     44,437      6,181      5,420     12,329     21,917     10,464      3,481      2,561      5,339     17,595     20,818
    Federal Reserve notes, net                744,567     34,632    284,325     31,286     31,126     56,723     59,527     66,132     22,874     14,743     20,961     32,469     89,767
Reverse repurchase agreements (1)              30,055      1,538     11,918      1,066      1,270      2,294      2,325      2,707        933        628        850      1,480      3,047
Deposits                                       25,174      1,245     10,786        735        990      2,834      1,891      1,547        516        328        653        772      2,877
  Depository institutions                      20,204      1,237      5,933        734        986      2,752      1,889      1,544        507        327        652        771      2,873
  U.S. Treasury, general account                4,634          0      4,634          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 82          5         53          1          4          7          2          3          1          1          1          0          4
  Other                                           255          2        166          0          0         75          0          0          8          0          1          0          0
Deferred availability cash items                7,086        576        790        539        616        559      1,035        329        169        421        528        338      1,186
Other liabilities and accrued                 
  dividends (2)                                 4,231        218      1,456        172        217        450        339        376        155        115        135        210        389
   
    Total liabilities                         811,113     38,209    309,275     33,799     34,218     62,860     65,117     71,090     24,646     16,234     23,127     35,269     97,267
                              
Capital                    
Capital paid in                                13,501        316      3,683        744      1,010      3,942        889        874        143        245        174        153      1,328
Surplus                                        11,630      1,353      3,430        294      1,065      2,148        516        763        236        254        153        135      1,283
Other capital                                   2,503         17        470        339         11        963        373        162          4          9         34         40         80
     Total liabilities and capital            838,747     39,894    316,859     35,176     36,304     69,914     66,895     72,890     25,029     16,743     23,488     35,597     99,958
                              

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
                                          Nov 30, 2005
              
Federal Reserve notes outstanding             899,790
   Less: Notes held by F.R. Banks
         not subject to collateralization     155,223
      Federal Reserve Notes to be
         collateralized                       744,567 
Collateral held against Federal Reserve            
   notes                                      744,567
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              731,330
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         779,418
   Less:face value of securities under
         reverse repurchase agreements         30,092
      U.S. Treasury and agency securities
             eligible to be pledged           749,326
   

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.