FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              July 20, 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           Jul 19, 2006 Jul 12, 2006 Jul 20, 2005 Jul 19, 2006
Federal Reserve Banks

Reserve Bank Credit                                         830,710    +     865    +  34,444      834,432
 Securities held outright                                   765,788    -     616    +  41,079      764,731       
    U.S. Treasury (1)                                       765,788    -     616    +  41,079      764,731
       Bills (2)                                            275,841    +     471    +  10,826      277,019
       Notes and bonds, nominal (2)                         462,214    -   2,366    +  24,840      459,061
       Notes and bonds, inflation-indexed (2)                23,876    +   1,230    +   4,343       24,783
       Inflation compensation (3)                             3,857    +      49    +   1,070        3,869
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    24,286    +   3,143    -   7,357       29,000
 Loans to depository institutions                               328    +      29    -      39          343
    Primary credit                                               16    +       5    -     112           23
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             313    +      24    +      74          321
 Float                                                         -625    -   1,606    -      78         -326
 Other Federal Reserve assets                                40,933    -      86    +     838       40,683
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,090    +      14    +   1,568       38,090
       
Total factors supplying reserve funds                       882,040    +     878    +  36,010      885,762
                                                                   
Currency in circulation(5)                                  794,655    -   3,711    +  32,310      794,639
Reverse repurchase agreements (6)                            29,439    +   1,120    +   2,808       29,587
   Foreign official and international accounts               29,439    +   1,120    +   2,808       29,587
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          162    -       5    -      74          160
Deposits with F.R.Banks, other than reserve balances         12,513    -     236    -   2,339       12,870       
  U.S. Treasury, general account                              4,915    -     271    -     508        5,272
  Foreign official                                               90    -       5    -      29           88
  Service-related                                             7,216    -       1    -   1,788        7,216
     Required clearing balances                               7,216    -       1    -   1,788        7,216
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         292    +      41    -      15          294
Other liabilities and capital                                34,808    -     411    +   4,938       34,368

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  871,577    -   3,244    +  37,642      871,625

Reserve balances with Federal Reserve Banks                  10,463    +   4,122    -   1,631       14,137
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,633,534    +     979    + 187,503    1,636,295
     U.S. Treasury                                        1,111,987    -   1,304    +  19,901    1,111,052
     Federal agency                                         521,546    +   2,282    + 167,601      525,243
  Securities lent to dealers                                  1,621    -   1,379    +     392        2,214   


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 Jul 19, 2006     Jul 12, 2006     Jul 20, 2005

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               736        +      25        +     116
Securities, repurchase agreements, and loans                   794,075        +   6,555        +  34,628
   Securities held outright                                    764,731        -   1,683        +  40,024
      U.S. Treasury (1)                                        764,731        -   1,683        +  40,024       
         Bills (2)                                             277,019        +   1,649        +  12,004
         Notes and bonds, nominal (2)                          459,061        -   5,519        +  21,687
         Notes and bonds, inflation-indexed (2)                 24,783        +   2,137        +   5,250
         Inflation compensation (3)                              3,869        +      50        +   1,084
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    29,000        +   8,250        -   4,750    
   Loans                                                           343        -      12        -     647
Items in process of collection                    (1,103)        4,928        -     631        -     478
Bank premises                                                    1,860        +       2        +      38
Other assets (5)                                                38,610        -     391        +     318
      Total assets                                (1,103)      853,445        +   5,559        +  34,622
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  757,441        -   3,211        +  30,627
Reverse repurchase agreements (6)                               29,587        +   1,049        +   1,391
Deposits                                              (0)       26,795        +   8,137        -   1,110       
  Depository institutions                                       21,141        +   7,872        -   1,512
  U.S. Treasury, general account                                 5,272        +     248        +     612
  Foreign official                                                  88        -       1        -     195
  Other                                               (0)          294        +      17        -      15
Deferred availability cash items                  (1,103)        5,254        -     218        -   1,087
Other liabilities and accrued dividends (7)                      4,816        +      27        +   1,565
      Total liabilities                           (1,103)      823,893        +   5,783        +  31,386
                          
Capital Accounts
Capital paid in                                                 14,986        +       9        +   1,601
Surplus                                                         12,901                0        +   1,417
Other capital accounts                                           1,665        -     233        +     217
      Total capital                                             29,552        -     224        +   3,236


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,      July 19, 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             323       62,077   +   3,616            0           0       29,000       29,587
16 days to 90 days          20      170,021   -   4,796            0           0            0            0
91 days to 1 year            0      174,965   -   1,712            0           0     ------      ------
Over 1 to 5 years     ------        217,908   +     576            0           0     ------      ------
Over 5 to 10 years    ------         61,341   +     619            0           0     ------      ------
Over 10 years         ------         78,419   +      13            0           0     ------      ------
                   		 	
All                        343      764,731   -   1,683            0           0       29,000      29,587

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      July 19, 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                                             736         29         37         32         73         66         95         87         38         31         57         74        116
Securities, repurchase agreements,
      and loans                              794,075     36,494    312,048     33,202     33,021     63,536     64,031     70,311     24,346     15,661     22,427     34,325     84,672
   Securities held outright                  764,731     36,492    283,048     33,201     33,021     63,526     64,021     70,218     24,297     15,546     22,393     34,320     84,648
      U.S. Treasury (1)                      764,731     36,492    283,048     33,201     33,021     63,526     64,021     70,218     24,297     15,546     22,393     34,320     84,648
         Bills (2)                           277,019     13,219    102,532     12,027     11,962     23,012     23,191     25,436      8,801      5,632      8,112     12,432     30,663
         Notes and bonds(3)                  487,713     23,273    180,516     21,174     21,059     40,514     40,830     44,782     15,495      9,915     14,281     21,888     53,985
         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                                      343          3          0          1          0         10         10         94         49        114         34          5         23
Items in process of collection                 6,030        350        519        305        537        572        521        332        263        258        618        328      1,428
Bank premises                                  1,860        113        206         57        157        156        231        208         70        118        115        259        171
Other assets(5)                               38,610      1,238     13,980      1,828      2,263      6,890      2,707      2,752        769        707        728        967      3,781
Interdistrict settlement account                   0    -    96    +   481    + 1,653    -   537    + 2,176    + 3,329    - 7,619    -   482    -   224    + 1,628    - 2,183    + 1,876
          Total Assets                       854,548     38,729    332,284     37,622     36,065     74,396     72,103     67,230     25,402     16,792     25,963     34,443     93,520

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      July 19, 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             930,478     38,194    349,321     39,818     37,097     73,172     91,477     74,094     27,296     17,232     27,321     48,887    106,569
  Less: notes held by F.R. Banks              173,037      3,687     50,882      7,701      6,341     13,569     26,785     13,782      4,037      2,268      3,773     17,760     22,452
    Federal Reserve notes, net                757,441     34,506    298,440     32,117     30,755     59,603     64,692     60,312     23,260     14,963     23,548     31,128     84,117
Reverse repurchase agreements (1)              29,587      1,412     10,951      1,285      1,278      2,458      2,477      2,717        940        601        866      1,328      3,275
Deposits                                       26,795      1,307     13,050        817      1,276      3,266      1,658      1,570        531        284        560        682      1,793
  Depository institutions                      21,141      1,303      7,547        815      1,271      3,143      1,655      1,567        528        283        559        681      1,789
  U.S. Treasury, general account                5,272          0      5,272          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 88          1         60          2          3         11          3          3          0          1          1          0          4
  Other                                           294          3        172          0          2        112          0          0          3          0          1          0          0
Deferred availability cash items                6,357        472        666        511        469        611        687        316        164        320        464        630      1,045
Other liabilities and accrued                 
  dividends (2)                                 4,816        243      1,622        223        231        448        415        446        180        129        160        230        491
   
    Total liabilities                         824,996     37,940    324,729     34,952     34,009     66,386     69,929     65,361     25,075     16,297     25,598     33,997     90,721
                              
Capital                    
Capital paid in                                14,986        382      3,675      1,744      1,025      4,014      1,069        916        155        243        175        210      1,377
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   1,665         90        195        182         18        688        212         76         27          7         15         82         73
     Total liabilities and capital            854,548     38,729    332,284     37,622     36,065     74,396     72,103     67,230     25,402     16,792     25,963     34,443     93,520
                              

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
                                          Jul 19, 2006
              
Federal Reserve notes outstanding             930,478
   Less: Notes held by F.R. Banks
         not subject to collateralization     173,037
      Federal Reserve Notes to be
         collateralized                       757,441 
Collateral held against Federal Reserve            
   notes                                      757,441
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              744,204
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         793,731
   Less:face value of securities under
         reverse repurchase agreements         29,630
      U.S. Treasury and agency securities
             eligible to be pledged           764,101
   

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.