Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 815,874 - 16,920 + 35,197 810,656

Securities held outright 744,249 + 418 + 26,427 744,479

U.S. Treasury1 744,249 + 418 + 26,427 744,479

Bills2 271,410 + 140 + 8,440 271,585

Notes and bonds, nominal2 449,118 - 99 + 12,689 449,118

Notes and bonds, inflation-indexed2 20,367 + 384 + 4,259 20,431

Inflation compensation3 3,354 - 6 + 1,039 3,345

Federal agency2 0 0 0 0

Repurchase agreements4 30,393 - 18,357 + 7,500 25,000

Loans to depository institutions 39 - 25 - 26 79

Primary credit 16 + 9 - 29 55

Secondary credit 0 0 0 0

Seasonal credit 23 - 34 + 3 24

Float 1,301 + 448 + 662 940

Other Federal Reserve assets 39,892 + 596 + 634 40,157

Gold stock 11,043 0 - 2 11,043

Special drawing rights certificate account 2,200 0 0 2,200

Treasury currency outstanding5 36,624 + 14 + 190 36,624

Total factors supplying reserve funds 865,742 - 16,905 + 35,386 860,523

Currency in circulation5 786,833 - 6,872 + 36,794 785,128

Reverse repurchase agreements6 25,148 - 5,283 - 4,816 25,020

Foreign official and international accounts 25,148 - 5,283 - 4,816 25,020

Dealers 0 0 0 0

Treasury cash holdings 203 + 1 - 70 211

Deposits with F.R. Banks, other than reserve balances 14,538 - 535 - 524 14,247

U.S. Treasury, general account 4,795 + 61 - 350 4,465

Foreign official 82 - 3 + 3 81

Service-related 9,374 + 722 - 218 9,374

Required clearing balances 9,374 + 722 - 218 9,374

Adjustments to compensate for float 0 0 0 0

Other 287 - 1,315 + 40 327

Other liabilities and capital 31,464 + 572 + 5,759 31,206

Total factors, other than reserve balances,

absorbing reserve funds 858,186 - 12,117 + 37,143 855,812

Reserve balances with Federal Reserve Banks 7,556 - 4,788 - 1,757 4,711

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,530,905 + 7,362 + 179,849 1,535,448

U.S. Treasury 1,100,908 + 4,923 + 29,348 1,106,955

Federal agency 429,998 + 2,440 + 150,502 428,492

Securities lent to dealers 2,127 - 1,568 - 542 2,516

FEDERAL RESERVE statistical release

 January 12, 2006

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

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.

Change from week ended Wednesday

 Jan 11, 2006 Week ended

 Jan 11, 2006 Jan 4, 2006 Jan 12, 2005
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. 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.

Assets

Gold certificate account 11,039 0 - 2

Special drawing rights certificate account 2,200 0 0

Coin 708 + 25 - 29

Securities, repurchase agreements, and loans 769,558 - 19,849 + 33,435

Securities held outright 744,479 + 1,609 + 26,656

U.S. Treasury1 744,479 + 1,609 + 26,656

Bills2 271,585 + 315 + 8,615

Notes and bonds, nominal2 449,118 + 844 + 12,689

Notes and bonds, inflation-indexed2 20,431 + 448 + 4,323

Inflation compensation3 3,345 + 3 + 1,029

Federal agency2 0 0 0

Repurchase agreements4 25,000 - 21,500 + 6,750

Loans 79 + 42 + 29

Items in process of collection (1,515) 8,057 - 3,756 + 63

Bank premises 1,821 + 1 + 45

Other assets5 38,693 + 1,089 - 1,468

Total assets (1,515) 832,075 - 22,491 + 32,043

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 749,419 - 7,115 + 35,568

Reverse repurchase agreements6 25,020 - 2,547 - 2,211

Deposits (0) 19,314 - 10,789 - 6,718

Depository institutions 14,441 - 11,394 - 6,268

U.S. Treasury, general account 4,465 + 543 - 486

Foreign official 81 0 - 7

Other (0) 327 + 62 + 43

Deferred availability cash items (1,515) 7,116 - 2,285 + 393

Other liabilities and accrued dividends7 3,967 + 57 + 1,164

Total liabilities (1,515) 804,837 - 22,678 + 28,197

Capital accounts

Capital paid in 13,543 + 1 + 1,535

Surplus 12,916 + 11 + 1,963

Other capital accounts 780 + 176 + 349

Total capital 27,239 + 188 + 3,847

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jan 12, 2005

Eliminations from

consolidation Wednesday

 Jan 11, 2006

Wednesday

 Jan 4, 2006

3. Maturity Distribution of Loans and Securities, January 11, 2006

Millions of dollars

 Federal agency

securities

Weekly

changes Holdings

 U.S. Treasury

securities1

Holdings Weekly

changes

Loans Repurchase

agreements2

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.

Reverse

repurchase

agreements2

Within 15 days 57 50,987 + 1,460 0 0 25,000 25,020

16 days to 90 days 22 163,274 - 819 0 0 0 0

91 days to 1 year 0 185,571 - 326 0 0 . . . . . . 

Over 1 year to 5 years . . . 210,059 + 605 0 0 . . . . . . 

Over 5 years to 10 years . . . 57,306 + 612 0 0 . . . . . . 

Over 10 years . . . 77,283 + 79 0 0 . . . . . . 

All 79 744,479 + 1,609 0 0 25,000 25,020

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on January 11, 2006Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap

AssetsGold certificate accountSpecial drawing rights certificate acct.CoinSecurities, repurchase agreements,

and loans

Securities held outright

U.S. Treasury1

Bills2Notes and bonds3

Federal agency2

Repurchase agreements4

Loans

Items in process of collectionBank premisesOther assets5Interdistrict settlement account

Total assets

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 sec4. 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.

 11,039 2,200 708 769,558 744,479 744,479 271,585 472,894 0 25,000 79 9,572 1,821 38,693 0 833,590

Assets, liabilities, and capital

 4,357 874 50 320,213 295,212 295,212 107,693 187,519 0 25,000 1 530 206 14,522 -32,011 308,741

 510 115 30 38,090 38,090 38,090 13,895 24,195 0 0 0 518 111 3,284 - 4,506 38,152

 432 83 36 26,410 26,410 26,410 9,634 16,776 0 0 0 607 53 1,142 + 5,695 34,458

 453 104 53 31,451 31,451 31,451 11,473 19,977 0 0 0 759 157 2,496 + 264 35,737

 836 147 71 56,817 56,816 56,816 20,726 36,090 0 0 1 934 153 4,911 + 6,041 69,910

 945 166 95 57,597 57,597 57,597 21,011 36,586 0 0 0 1,764 232 2,427 + 8,485 71,711

 928 212 86 67,056 67,044 67,044 24,457 42,586 0 0 13 421 210 2,673 + 545 72,132

 327 71 43 23,102 23,102 23,102 8,428 14,674 0 0 0 332 69 919 + 1,521 26,384

 2   15,5 15,5 15,5 5,6 9,8    3 1 7 - 1 16,8
 908,508

 159,090 749,419 749,419 11,039 2,200 736,180 0 769,479 25,050 744,429

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap

LiabilitiesFederal Reserve notes outstanding

Less: notes held by F.R. Banks

Federal Reserve notes, net

Reverse repurchase agreements1

Deposits

Depository institutionsU.S. Treasury, general accountForeign officialOther

Deferred availability cash itemsOther liabilities and accrued

dividends2

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

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.

 908,508 159,090 749,419 25,020 19,314 14,441 4,465 81 327 8,632 3,967 806,352 13,543 12,916 780 833,590

 39,152 4,760 34,393 1,280 855 846 0 5 4 720 215 37,463 317 317 55 38,152

 327,570 46,632 280,938 9,921 7,769 3,094 4,465 52 158 1,076 1,388 301,092 3,685 3,685 279 308,741

 37,442 7,176 30,266 888 1,002 1,001 0 1 0 638 165 32,959 744 744 11 34,458

 36,449 5,540 30,910 1,057 750 744 0 4 3 744 207 33,667 1,014 1,013 42 35,737

 70,072 12,171 57,900 1,909 1,671 1,504 0 7 160 707 341 62,530 3,943 3,322 116 69,910

 86,007 21,066 64,942 1,936 1,600 1,598 0 2 0 1,069 327 69,873 893 892 53 71,711

 77,580 11,608 65,972 2,253 1,257 1,254 0 3 1 452 372 70,307 884 876 65 72,132

 28,072 3,681 24,391 776 516 514 0 1 1 244 149 26,075 144 144 20 26,384

 17,8 2,8 15,0 5 3 3    3 1 16,3 2 2  16,8

H.4.14. Statement of Condition of Each Federal Reserve Bank on January 11, 2006 (continued)Millions of dollars

Assets, liabilities, and capital

Federal Reserve notes outstanding

Less: Notes held by F.R. Banks

not subject to collateralization

Federal Reserve notes to be collateralized

Collateral held against Federal Reserve notes

Gold certificate accountSpecial drawing rights certificate accountU.S. Treasury and agency securities pledged1Other assets pledged

Memo:Total U.S. Treasury and agency securities1

Less: face value of securities under

reverse repurchase agreements

U.S. Treasury and agency securities

eligible to be pledged

5. Collateral Held against Federal Reserve Notes:Federal Reserve Agents' AccountsMillions of dollarsFederal Reserve notes and collateral Wednesday

 Jan 11, 2006

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 ofinflation-indexed securities, and cash value of repurchase agreements.