FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          December 29, 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           Dec 28, 2005 Dec 21, 2005 Dec 29, 2004 Dec 28, 2005
Federal Reserve Banks

Reserve Bank Credit                                         826,403    +   9,225    +  35,782      829,782
 Securities held outright                                   744,207    +      11    +  26,480      744,210       
    U.S. Treasury (1)                                       744,207    +      11    +  26,480      744,210
       Bills (2)                                            271,270            0    +   8,378      271,270
       Notes and bonds, nominal (2)                         449,595            0    +  13,166      449,595
       Notes and bonds, inflation-indexed (2)                19,983            0    +   3,875       19,983
       Inflation compensation (3)                             3,358    +      11    +   1,060        3,362
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    42,179    +  10,215    +  11,108       45,250
 Loans to depository institutions                               125    -     312    +      71          114
    Primary credit                                               51    -     314    +      42           41
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              74    +       2    +      29           73
 Float                                                          813    -     998    -   1,687        1,053
 Other Federal Reserve assets                                39,080    +     310    -     188       39,154
Gold stock                                                   11,041            0    -       3       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                       876,185    +   9,239    +  35,886      879,563
                                                                   
Currency in circulation(5)                                  792,056    +   8,256    +  35,156      794,900
Reverse repurchase agreements (6)                            28,577    +   1,740    -   1,555       30,372
   Foreign official and international accounts               28,577    +   1,740    -   1,555       30,372
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          203    +       4    -      65          203
Deposits with F.R.Banks, other than reserve balances         13,905    -     810    -   1,010       13,270       
  U.S. Treasury, general account                              4,853    -     549    +     222        4,243
  Foreign official                                               84    -      55    +       4           85
  Service-related                                             8,666    -     159    -   1,302        8,666
     Required clearing balances                               8,653    -     156    -   1,315        8,653
     Adjustments to compensate for float                         13    -       3    +      13           13
  Other                                                         303    -      46    +      66          276
Other liabilities and capital                                32,649    -     356    +   6,030       32,433

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  867,390    +   8,834    +  38,556      871,179

Reserve balances with Federal Reserve Banks                   8,795    +     405    -   2,669        8,384
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,519,063    +   4,785    + 183,283    1,522,015
     U.S. Treasury                                        1,099,734    -   1,971    +  37,525    1,100,594
     Federal agency                                         419,329    +   6,756    + 145,758      421,421
  Securities lent to dealers                                  1,296    -   3,959    -     754        1,490   


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 Dec 28, 2005     Dec 21, 2005     Dec 29, 2004

Assets
Gold certificate account                                        11,037                0        -       4
Special drawing rights certificate account                       2,200                0                0
Coin                                                               688        -      16        -      29
Securities, repurchase agreements, and loans                   789,574        +     299        +  38,704
   Securities held outright                                    744,210        +      10        +  26,397
      U.S. Treasury (1)                                        744,210        +      10        +  26,397       
         Bills (2)                                             271,270                0        +   8,300
         Notes and bonds, nominal (2)                          449,595                0        +  13,166
         Notes and bonds, inflation-indexed (2)                 19,983                0        +   3,875
         Inflation compensation (3)                              3,362        +      11        +   1,056
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    45,250        +     250        +  12,250    
   Loans                                                           114        +      39        +      57
Items in process of collection                    (1,209)        7,750        -   1,367        +   1,646
Bank premises                                                    1,826        -      30        +      39
Other assets (5)                                                37,339        +     497        -   2,420
      Total assets                                (1,209)      850,414        -     616        +  37,936
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  759,246        +   6,277        +  36,342
Reverse repurchase agreements (6)                               30,372        +   3,610        +     434
Deposits                                              (0)       21,666        -  10,395        -   5,810       
  Depository institutions                                       17,062        -   9,343        -   4,371
  U.S. Treasury, general account                                 4,243        -   1,047        -   1,491
  Foreign official                                                  85        -       1        -       2
  Other                                               (0)          276        -       4        +      55
Deferred availability cash items                  (1,209)        6,697        -     406        +   1,063
Other liabilities and accrued dividends (7)                      4,419        +      65        +   1,226
      Total liabilities                           (1,209)      822,400        -     849        +  33,255
                          
Capital Accounts
Capital paid in                                                 13,536                0        +   1,895
Surplus                                                         11,630        +       1        +   2,783
Other capital accounts                                           2,849        +     232        +       4
      Total capital                                             28,014        +     233        +   4,681


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,  December 28, 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             114       57,172   +     757            0           0       45,250       30,372
16 days to 90 days           0      155,859   -     847            0           0            0            0
91 days to 1 year            0      186,525   +      89            0           0     ------      ------
Over 1 to 5 years     ------        210,743   +       4            0           0     ------      ------
Over 5 to 10 years    ------         56,698   +       2            0           0     ------      ------
Over 10 years         ------         77,213   +       5            0           0     ------      ------
                   		 	
All                        114      744,210   +      10            0           0       45,250      30,372

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  December 28, 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                                             688         32         47         35         56         66         90         77         36         22         61         68         97
Securities, repurchase agreements,
      and loans                              789,574     38,076    340,355     26,401     31,439     56,798     57,583     67,041     23,100     15,560     21,067     36,656     75,496
   Securities held outright                  744,210     38,076    295,105     26,400     31,439     56,796     57,576     67,020     23,094     15,543     21,049     36,653     75,458
      U.S. Treasury (1)                      744,210     38,076    295,105     26,400     31,439     56,796     57,576     67,020     23,094     15,543     21,049     36,653     75,458
         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)                  472,940     24,197    187,537     16,777     19,979     36,093     36,589     42,590     14,676      9,878     13,377     23,293     47,953
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                45,250          0     45,250          0          0          0          0          0          0          0          0          0          0
      Loans                                      114          0          0          1          0          3          7         22          6         17         18          3         38
Items in process of collection                 8,958        605        583        514        805        418      1,445        790        289        362        818        654      1,677
Bank premises                                  1,826        111        205         53        157        153        232        215         69        120         85        262        164
Other assets(5)                               37,339      3,198     14,214      1,107      2,429      4,746      2,098      2,607        896        744        685        994      3,621
Interdistrict settlement account                   0    - 2,948    -47,074    + 6,336    + 1,956    + 7,790    +10,286    + 2,797    + 2,127    +   160    + 2,345    - 2,706    +18,932
          Total Assets                       851,623     39,699    313,559     34,961     37,400     70,954     72,845     74,667     26,914     17,210     25,444     36,576    101,392

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  December 28, 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             907,100     39,165    327,895     37,348     36,595     69,845     84,156     77,022     28,125     17,921     27,842     50,345    110,841
  Less: notes held by F.R. Banks              147,854      4,472     43,472      6,178      5,053     11,873     18,562     10,342      3,460      2,800      4,993     16,997     19,652
    Federal Reserve notes, net                759,246     34,692    284,423     31,170     31,541     57,972     65,593     66,680     24,665     15,122     22,849     33,349     91,188
Reverse repurchase agreements (1)              30,372      1,554     12,044      1,077      1,283      2,318      2,350      2,735        942        634        859      1,496      3,080
Deposits                                       21,666        784      7,092        569      1,657      2,394      1,893      2,527        556        361        634        734      2,464
  Depository institutions                      17,062        778      2,622        567      1,649      2,293      1,891      2,523        553        360        632        733      2,459
  U.S. Treasury, general account                4,243          0      4,243          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 85          5         57          1          4          7          2          3          1          1          1          0          4
  Other                                           276          0        170          0          5         95          0          1          2          0          1          1          0
Deferred availability cash items                7,905        747        852        508        583        579        879        527        208        464        602        455      1,502
Other liabilities and accrued                 
  dividends (2)                                 4,419        226      1,496        181        230        513        348        396        156        119        136        211        407
   
    Total liabilities                         823,609     38,003    305,907     33,505     35,294     63,776     71,062     72,865     26,528     16,700     25,080     36,246     98,641
                              
Capital                    
Capital paid in                                13,536        317      3,685        744      1,013      3,942        892        876        144        245        175        153      1,349
Surplus                                        11,630      1,353      3,430        294      1,065      2,148        516        763        236        254        153        135      1,283
Other capital                                   2,849         27        537        418         28      1,087        375        162          6         10         36         43        120
     Total liabilities and capital            851,623     39,699    313,559     34,961     37,400     70,954     72,845     74,667     26,914     17,210     25,444     36,576    101,392
                              

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
                                          Dec 28, 2005
              
Federal Reserve notes outstanding             907,100
   Less: Notes held by F.R. Banks
         not subject to collateralization     147,854
      Federal Reserve Notes to be
         collateralized                       759,246 
Collateral held against Federal Reserve            
   notes                                      759,246
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              746,009
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         789,460
   Less:face value of securities under
         reverse repurchase agreements         30,401
      U.S. Treasury and agency securities
             eligible to be pledged           759,059
   

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.