FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              June 22, 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           Jun 21, 2006 Jun 14, 2006 Jun 22, 2005 Jun 21, 2006
Federal Reserve Banks

Reserve Bank Credit                                         825,872    +   1,128    +  38,018      828,983
 Securities held outright                                   766,278    +     992    +  40,369      766,297       
    U.S. Treasury (1)                                       766,278    +     992    +  40,369      766,297
       Bills (2)                                            275,370            0    +  10,355      275,370
       Notes and bonds, nominal (2)                         464,580    +     940    +  25,902      464,580
       Notes and bonds, inflation-indexed (2)                22,646            0    +   3,173       22,646
       Inflation compensation (3)                             3,682    +      52    +     939        3,701
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    18,571    -   1,143    -   3,715       22,250
 Loans to depository institutions                               268    +      37    +      88          271
    Primary credit                                               16    +       2    -       6           11
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             252    +      35    +      94          260
 Float                                                          818    +   1,028    +   1,048           -3
 Other Federal Reserve assets                                39,936    +     213    +     226       40,168
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,034    +      14    +   1,447       38,034
       
Total factors supplying reserve funds                       877,147    +   1,142    +  39,465      880,258
                                                                   
Currency in circulation(5)                                  793,093    -   1,422    +  34,109      794,048
Reverse repurchase agreements (6)                            26,519    +   2,209    +   3,102       25,677
   Foreign official and international accounts               26,519    +   2,209    +   3,102       25,677
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          204    -       1    -      64          196
Deposits with F.R.Banks, other than reserve balances         12,659    +      31    -   1,282       13,027       
  U.S. Treasury, general account                              5,007    +      37    +      25        5,385
  Foreign official                                               93    +       7    -       3           87
  Service-related                                             7,317    -       1    -   1,288        7,317
     Required clearing balances                               7,317    -       1    -   1,288        7,317
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         242    -      12    -      16          238
Other liabilities and capital                                34,941    +     126    +   5,437       34,812

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  867,415    +     943    +  41,301      867,760

Reserve balances with Federal Reserve Banks                   9,731    +     198    -   1,837       12,497
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,637,445    +   4,644    + 200,898    1,640,513
     U.S. Treasury                                        1,125,504    +   1,788    +  33,906    1,126,316
     Federal agency                                         511,941    +   2,856    + 166,993      514,197
  Securities lent to dealers                                  1,873    +     230    -   2,220        1,901   


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 Jun 21, 2006     Jun 14, 2006     Jun 22, 2005

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               729        +       7        +      87
Securities, repurchase agreements, and loans                   788,818        -   1,921        +  36,384
   Securities held outright                                    766,297        +      52        +  40,310
      U.S. Treasury (1)                                        766,297        +      52        +  40,310       
         Bills (2)                                             275,370                0        +  10,355
         Notes and bonds, nominal (2)                          464,580                0        +  25,902
         Notes and bonds, inflation-indexed (2)                 22,646                0        +   3,113
         Inflation compensation (3)                              3,701        +      52        +     941
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    22,250        -   2,000        -   4,000    
   Loans                                                           271        +      26        +      74
Items in process of collection                    (1,167)        5,430        +     562        -     389
Bank premises                                                    1,854        +       2        +      25
Other assets (5)                                                38,150        +     267        -     293
      Total assets                                (1,167)      848,217        -   1,084        +  35,815
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  756,935        -   1,168        +  32,607
Reverse repurchase agreements (6)                               25,677        -     325        +   2,315
Deposits                                              (0)       25,360        +     188        -   3,752       
  Depository institutions                                       19,651        -     727        -   4,011
  U.S. Treasury, general account                                 5,385        +     917        +     286
  Foreign official                                                  87        +       3        +       3
  Other                                               (0)          238        -       4        -      29
Deferred availability cash items                  (1,167)        5,432        -      45        -     742
Other liabilities and accrued dividends (7)                      5,102        -      16        +   1,549
      Total liabilities                           (1,167)      818,508        -   1,365        +  31,980
                          
Capital Accounts
Capital paid in                                                 14,966        +       1        +   2,031
Surplus                                                         12,901                0        +   1,450
Other capital accounts                                           1,843        +     281        +     355
      Total capital                                             29,710        +     282        +   3,836


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,      June 21, 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             255       63,220   +   6,880            0           0       22,250       25,677
16 days to 90 days          15      171,044   -   5,924            0           0            0            0
91 days to 1 year            0      177,012   -     951            0           0     ------      ------
Over 1 to 5 years     ------        215,966   +      16            0           0     ------      ------
Over 5 to 10 years    ------         60,704   +       8            0           0     ------      ------
Over 10 years         ------         78,352   +      24            0           0     ------      ------
                   		 	
All                        271      766,297   +      52            0           0       22,250      25,677

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      June 21, 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                      11,037        486      4,139        463        446        853      1,023        947        328        211        324        575      1,242
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                             729         32         44         32         69         66         91         78         32         35         64         64        120
Securities, repurchase agreements,
      and loans                              788,818     36,574    305,877     33,269     33,088     63,656     64,163     70,450     24,378     15,660     22,469     34,393     84,841
   Securities held outright                  766,297     36,566    283,627     33,269     33,088     63,656     64,152     70,361     24,347     15,578     22,439     34,391     84,822
      U.S. Treasury (1)                      766,297     36,566    283,627     33,269     33,088     63,656     64,152     70,361     24,347     15,578     22,439     34,391     84,822
         Bills (2)                           275,370     13,140    101,922     11,955     11,890     22,875     23,053     25,284      8,749      5,598      8,063     12,358     30,481
         Notes and bonds(3)                  490,927     23,426    181,705     21,314     21,198     40,781     41,099     45,077     15,598      9,980     14,375     22,032     54,341
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                22,250          0     22,250          0          0          0          0          0          0          0          0          0          0
      Loans                                      271          7          0          0          0          0         11         88         31         82         30          2         19
Items in process of collection                 6,596        350        549        390        697        686        794        398        198        320        491        432      1,292
Bank premises                                  1,854        113        205         57        157        154        231        209         71        118        110        260        169
Other assets(5)                               38,150      1,213     13,787      1,834      2,250      6,888      2,677      2,705        740        695        714        939      3,708
Interdistrict settlement account                   0    - 1,357    + 2,191    + 1,432    -   818    + 3,171    + 2,870    - 7,757    -   489    -   247    + 1,505    - 2,446    + 1,944
          Total Assets                       849,384     37,525    327,666     37,561     35,994     75,621     72,015     67,241     25,328     16,823     25,744     34,314     93,550

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      June 21, 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             927,275     38,162    345,902     39,702     37,031     73,583     90,156     74,283     27,465     17,306     27,205     49,196    107,283
  Less: notes held by F.R. Banks              170,340      3,970     49,343      7,410      6,356     12,996     25,658     13,701      4,119      2,278      3,840     17,977     22,691
    Federal Reserve notes, net                756,935     34,192    296,559     32,292     30,675     60,587     64,498     60,581     23,346     15,028     23,365     31,219     84,592
Reverse repurchase agreements (1)              25,677      1,225      9,504      1,115      1,109      2,133      2,150      2,358        816        522        752      1,152      2,842
Deposits                                       25,360        600     11,513        761      1,398      3,747      1,831      1,672        485        321        600        675      1,755
  Depository institutions                      19,651        598      5,901        759      1,394      3,661      1,847      1,669        478        320        598        674      1,751
  U.S. Treasury, general account                5,385          0      5,385          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 87          1         58          2          3         11          3          3          0          1          1          0          4
  Other                                           238          1        169          0          1         75        -19          0          7          0          2          0          0
Deferred availability cash items                6,599        465        775        547        480        542        904        297        169        318        492        592      1,017
Other liabilities and accrued                 
  dividends (2)                                 5,102        249      1,679        263        252        539        432        462        182        133        166        232        512
   
    Total liabilities                         819,674     36,731    320,031     34,979     33,915     67,549     69,815     65,371     24,999     16,322     25,375     33,871     90,719
                              
Capital                    
Capital paid in                                14,966        382      3,672      1,744      1,024      4,015      1,069        904        155        243        175        207      1,377
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   1,843         96        279         93         42        750        239         91         30         13         20         84        105
     Total liabilities and capital            849,384     37,525    327,666     37,561     35,994     75,621     72,015     67,241     25,328     16,823     25,744     34,314     93,550
                              

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
                                          Jun 21, 2006
              
Federal Reserve notes outstanding             927,275
   Less: Notes held by F.R. Banks
         not subject to collateralization     170,340
      Federal Reserve Notes to be
         collateralized                       756,935 
Collateral held against Federal Reserve            
   notes                                      756,935
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              743,699
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         788,547
   Less:face value of securities under
         reverse repurchase agreements         25,711
      U.S. Treasury and agency securities
             eligible to be pledged           762,836
   

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.