FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               June 8, 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 7, 2006 May 31, 2006  Jun 8, 2005  Jun 7, 2006
Federal Reserve Banks

Reserve Bank Credit                                         829,430    +   2,460    +  39,440      832,437
 Securities held outright                                   763,824    +   1,423    +  38,376      764,877       
    U.S. Treasury (1)                                       763,824    +   1,423    +  38,376      764,877
       Bills (2)                                            275,370            0    +  10,355      275,370
       Notes and bonds, nominal (2)                         462,230    +   1,380    +  23,552      463,264
       Notes and bonds, inflation-indexed (2)                22,646            0    +   3,538       22,646
       Inflation compensation (3)                             3,578    +      43    +     932        3,597
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    25,821    -     608    +     321       26,750
 Loans to depository institutions                               223    +      28    +      71          219
    Primary credit                                               14    -       9    +      12            4
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             209    +      37    +      59          216
 Float                                                          -13    +   1,507    +     291          991
 Other Federal Reserve assets                                39,574    +     109    +     380       39,600
Gold stock                                                   11,041            0    -       1       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,005    +      14    +   1,446       38,005
       
Total factors supplying reserve funds                       880,676    +   2,474    +  40,886      883,683
                                                                   
Currency in circulation(5)                                  796,811    -   1,388    +  35,705      797,015
Reverse repurchase agreements (6)                            24,067    +     483    -     276       23,769
   Foreign official and international accounts               24,067    +     483    -     276       23,769
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          197    +       9    -      90          205
Deposits with F.R.Banks, other than reserve balances         13,179    +     389    -     873       13,488       
  U.S. Treasury, general account                              5,233    +     363    +     455        5,552
  Foreign official                                               85    -       3    -      19           87
  Service-related                                             7,579    -       1    -   1,271        7,579
     Required clearing balances                               7,579    -       1    -   1,271        7,579
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         282    +      29    -      39          270
Other liabilities and capital                                35,043    +   1,041    +   5,795       34,540

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  869,297    +     533    +  40,261      869,018

Reserve balances with Federal Reserve Banks                  11,379    +   1,941    +     625       14,665
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,625,916    +  11,361    + 194,279    1,628,450
     U.S. Treasury                                        1,120,287    +   5,639    +  31,471    1,121,697
     Federal agency                                         505,629    +   5,722    + 162,808      506,753
  Securities lent to dealers                                  1,919    -     957    -   2,480        3,418   


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 7, 2006     May 31, 2006      Jun 8, 2005

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               703        -      13        +      91
Securities, repurchase agreements, and loans                   791,846        -   1,522        +  35,736
   Securities held outright                                    764,877        +   2,466        +  39,417
      U.S. Treasury (1)                                        764,877        +   2,466        +  39,417       
         Bills (2)                                             275,370                0        +  10,355
         Notes and bonds, nominal (2)                          463,264        +   2,414        +  24,586
         Notes and bonds, inflation-indexed (2)                 22,646                0        +   3,538
         Inflation compensation (3)                              3,597        +      52        +     938
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    26,750        -   4,000        -   3,750    
   Loans                                                           219        +      12        +      70
Items in process of collection                    (1,144)        7,192        -   1,220        +     455
Bank premises                                                    1,847        +      10        +      26
Other assets (5)                                                37,658        +     344        +      58
      Total assets                                (1,144)      852,484        -   2,399        +  36,367
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  759,914        -   2,116        +  34,213
Reverse repurchase agreements (6)                               23,769        -     834        -     187
Deposits                                              (0)       28,059        +   1,699        -   2,301       
  Depository institutions                                       22,150        -   1,245        -   2,972
  U.S. Treasury, general account                                 5,552        +   2,915        +     926
  Foreign official                                                  87        +       1        -      25
  Other                                               (0)          270        +      28        -     231
Deferred availability cash items                  (1,144)        6,202        -   1,181        -     504
Other liabilities and accrued dividends (7)                      5,056        +     168        +   1,555
      Total liabilities                           (1,144)      822,999        -   2,265        +  32,774
                          
Capital Accounts
Capital paid in                                                 14,965        +       9        +   2,061
Surplus                                                         12,901                0        +   1,461
Other capital accounts                                           1,618        -     144        +      70
      Total capital                                             29,484        -     135        +   3,592


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 7, 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              38       58,519   -      15            0           0       26,750       23,769
16 days to 90 days         181      173,401   +   8,956            0           0            0            0
91 days to 1 year            0      179,347   -   8,937            0           0     ------      ------
Over 1 to 5 years     ------        214,618   +   1,350            0           0     ------      ------
Over 5 to 10 years    ------         60,688   +   1,088            0           0     ------      ------
Over 10 years         ------         78,304   +      24            0           0     ------      ------
                   		 	
All                        219      764,877   +   2,466            0           0       26,750      23,769

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 7, 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                                             703         34         47         33         68         62         84         76         33         34         57         62        112
Securities, repurchase agreements,
      and loans                              791,846     36,506    309,852     33,208     33,027     63,538     64,043     70,318     24,325     15,609     22,421     34,328     84,671
   Securities held outright                  764,877     36,499    283,102     33,208     33,027     63,538     64,033     70,231     24,301     15,549     22,397     34,327     84,664
      U.S. Treasury (1)                      764,877     36,499    283,102     33,208     33,027     63,538     64,033     70,231     24,301     15,549     22,397     34,327     84,664
         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)                  489,507     23,358    181,180     21,252     21,137     40,663     40,980     44,946     15,552      9,951     14,334     21,969     54,184
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                26,750          0     26,750          0          0          0          0          0          0          0          0          0          0
      Loans                                      219          8          0          0          0          0         10         87         24         59         24          1          7
Items in process of collection                 8,336        653        594        649        530        618      1,189        322        171        366        675        941      1,630
Bank premises                                  1,847        113        205         57        156        153        230        209         69        118        110        260        166
Other assets(5)                               37,658      1,173     13,557      1,880      2,224      6,880      2,662      2,649        716        683        691        903      3,640
Interdistrict settlement account                   0    - 1,423    +   275    + 1,261    +   606    + 2,651    + 2,029    - 7,244    -   193    +    19    + 1,765    - 2,789    + 3,042
          Total Assets                       853,627     37,657    329,543     37,634     37,163     74,902     71,428     67,489     25,520     17,070     26,109     34,377     94,737

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 7, 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             925,033     38,340    344,772     39,761     36,953     73,634     88,085     74,742     27,601     17,375     27,340     49,014    107,417
  Less: notes held by F.R. Banks              165,119      4,060     47,851      7,205      5,899     12,493     24,036     13,631      4,025      2,325      3,708     17,816     22,070
    Federal Reserve notes, net                759,914     34,279    296,921     32,556     31,054     61,141     64,049     61,111     23,577     15,049     23,632     31,197     85,346
Reverse repurchase agreements (1)              23,769      1,134      8,798      1,032      1,026      1,975      1,990      2,182        755        483        696      1,067      2,631
Deposits                                       28,059        751     13,804        722      2,158      2,603      1,964      1,554        522        570        595        639      2,176
  Depository institutions                      22,150        750      8,032        720      2,155      2,488      1,961      1,551        521        569        593        638      2,172
  U.S. Treasury, general account                5,552          0      5,552          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                                           270          1        162          0          0        105          0          0          1          0          1          0          0
Deferred availability cash items                7,345        482        774        527        608        596        814        337        149        339        649        799      1,271
Other liabilities and accrued                 
  dividends (2)                                 5,056        246      1,662        258        251        540        428        455        179        131        171        230        503
   
    Total liabilities                         824,143     36,893    321,960     35,095     35,098     66,855     69,246     65,640     25,183     16,572     25,743     33,932     91,926
                              
Capital                    
Capital paid in                                14,965        382      3,671      1,744      1,024      4,014      1,068        903        155        243        174        210      1,377
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   1,618         65        227         50         28        725        222         69         39          9         17         82         85
     Total liabilities and capital            853,627     37,657    329,543     37,634     37,163     74,902     71,428     67,489     25,520     17,070     26,109     34,377     94,737
                              

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 7, 2006
              
Federal Reserve notes outstanding             925,033
   Less: Notes held by F.R. Banks
         not subject to collateralization     165,119
      Federal Reserve Notes to be
         collateralized                       759,914 
Collateral held against Federal Reserve            
   notes                                      759,914
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              746,677
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         791,627
   Less:face value of securities under
         reverse repurchase agreements         23,799
      U.S. Treasury and agency securities
             eligible to be pledged           767,828
   

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.