FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              June 29, 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 28, 2006 Jun 21, 2006 Jun 29, 2005 Jun 28, 2006
Federal Reserve Banks

Reserve Bank Credit                                         824,729    -   1,142    +  36,187      829,080
 Securities held outright                                   766,330    +      52    +  40,321      766,349       
    U.S. Treasury (1)                                       766,330    +      52    +  40,321      766,349
       Bills (2)                                            275,370            0    +  10,355      275,370
       Notes and bonds, nominal (2)                         464,580            0    +  25,902      464,580
       Notes and bonds, inflation-indexed (2)                22,646            0    +   3,113       22,646
       Inflation compensation (3)                             3,734    +      52    +     952        3,753
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    18,429    -     142    -   4,678       22,500
 Loans to depository institutions                               293    +      25    +      78          300
    Primary credit                                               16            0    -       3           11
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             277    +      25    +      81          289
 Float                                                         -622    -   1,439    +     192         -481
 Other Federal Reserve assets                                40,300    +     364    +     275       40,411
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,048    +      14    +   1,447       38,048
       
Total factors supplying reserve funds                       876,018    -   1,127    +  37,634      880,369
                                                                   
Currency in circulation(5)                                  792,937    -     156    +  33,052      795,479
Reverse repurchase agreements (6)                            27,042    +     523    +   2,731       30,400
   Foreign official and international accounts               27,042    +     523    +   2,731       30,400
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          193    -      11    -      51          174
Deposits with F.R.Banks, other than reserve balances         12,412    -     247    -     961       12,366       
  U.S. Treasury, general account                              4,924    -      83    +     198        4,879
  Foreign official                                               87    -       6    -      16           90
  Service-related                                             7,166    -     151    -   1,113        7,166
     Required clearing balances                               7,166    -     151    -   1,113        7,166
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         235    -       7    -      30          231
Other liabilities and capital                                35,078    +     137    +   5,365       34,641

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  867,662    +     247    +  40,136      873,060

Reserve balances with Federal Reserve Banks                   8,356    -   1,374    -   2,503        7,309
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,638,275    +     830    + 198,056    1,639,280
     U.S. Treasury                                        1,120,586    -   4,918    +  32,040    1,118,893
     Federal agency                                         517,689    +   5,748    + 166,016      520,387
  Securities lent to dealers                                  2,340    +     467    -   1,103        3,869   


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 28, 2006     Jun 21, 2006     Jun 29, 2005

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               720        -       9        +      93
Securities, repurchase agreements, and loans                   789,149        +     331        +  36,881
   Securities held outright                                    766,349        +      52        +  40,327
      U.S. Treasury (1)                                        766,349        +      52        +  40,327       
         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)                              3,753        +      52        +     958
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    22,500        +     250        -   3,500    
   Loans                                                           300        +      29        +      53
Items in process of collection                    (1,242)        4,624        -     806        -   1,235
Bank premises                                                    1,855        +       1        +      24
Other assets (5)                                                38,314        +     164        +      73
      Total assets                                (1,242)      847,898        -     319        +  35,834
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  758,321        +   1,386        +  30,681
Reverse repurchase agreements (6)                               30,400        +   4,723        +   6,163
Deposits                                              (0)       19,439        -   5,921        -   5,196       
  Depository institutions                                       14,239        -   5,412        -   5,888
  U.S. Treasury, general account                                 4,879        -     506        +     706
  Foreign official                                                  90        +       3        +       7
  Other                                               (0)          231        -       7        -      21
Deferred availability cash items                  (1,242)        5,097        -     335        -   1,065
Other liabilities and accrued dividends (7)                      5,179        +      77        +   1,560
      Total liabilities                           (1,242)      818,436        -      72        +  32,144
                          
Capital Accounts
Capital paid in                                                 14,968        +       2        +   2,032
Surplus                                                         12,901                0        +   1,445
Other capital accounts                                           1,593        -     250        +     214
      Total capital                                             29,462        -     248        +   3,691


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 28, 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             276       61,309   -   1,911            0           0       22,500       30,400
16 days to 90 days          25      172,967   +   1,923            0           0            0            0
91 days to 1 year            0      177,003   -       9            0           0     ------      ------
Over 1 to 5 years     ------        215,982   +      16            0           0     ------      ------
Over 5 to 10 years    ------         60,712   +       8            0           0     ------      ------
Over 10 years         ------         78,375   +      23            0           0     ------      ------
                   		 	
All                        300      766,349   +      52            0           0       22,500      30,400

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 28, 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                                             720         33         40         33         67         65         90         77         32         33         60         69        121
Securities, repurchase agreements,
      and loans                              789,149     36,576    306,148     33,272     33,091     63,661     64,166     70,468     24,389     15,668     22,469     34,396     84,846
   Securities held outright                  766,349     36,569    283,647     33,272     33,091     63,661     64,156     70,366     24,348     15,579     22,440     34,393     84,827
      U.S. Treasury (1)                      766,349     36,569    283,647     33,272     33,091     63,661     64,156     70,366     24,348     15,579     22,440     34,393     84,827
         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)                  490,979     23,429    181,725     21,316     21,200     40,786     41,103     45,082     15,599      9,981     14,377     22,035     54,347
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                22,500          0     22,500          0          0          0          0          0          0          0          0          0          0
      Loans                                      300          8          1          0          0          0         10        102         41         88         29          3         18
Items in process of collection                 5,866        334        633        310        501        393        796        304        212        244        524        468      1,148
Bank premises                                  1,855        113        207         57        157        154        230        209         71        118        110        260        169
Other assets(5)                               38,314      1,224     13,878      1,812      2,252      6,844      2,708      2,731        750        700        724        955      3,736
Interdistrict settlement account                   0    -   943    -   621    + 1,599    -   654    + 2,572    + 3,048    - 7,556    -   293    -    74    + 1,505    - 2,070    + 3,486
          Total Assets                       849,141     37,938    325,297     37,628     35,965     74,689     72,228     67,391     25,560     16,930     25,783     34,751     94,982

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 28, 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             928,954     38,108    347,723     39,797     37,095     73,442     90,477     74,184     27,422     17,286     27,205     49,068    107,148
  Less: notes held by F.R. Banks              170,633      3,778     50,793      7,359      6,339     12,956     25,753     13,589      4,001      2,195      3,727     17,777     22,366
    Federal Reserve notes, net                758,321     34,330    296,930     32,438     30,756     60,486     64,723     60,594     23,421     15,091     23,478     31,291     84,782
Reverse repurchase agreements (1)              30,400      1,451     11,252      1,320      1,313      2,525      2,545      2,791        966        618        890      1,364      3,365
Deposits                                       19,439        684      7,235        433        961      2,641      1,648      1,397        534        263        496        672      2,474
  Depository institutions                      14,239        683      2,123        431        957      2,581      1,645      1,394        527        263        494        671      2,469
  U.S. Treasury, general account                4,879          0      4,879          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 90          1         61          2          3         11          3          3          0          1          1          0          4
  Other                                           231          0        172          0          1         48          0          0          7          0          1          0          0
Deferred availability cash items                6,340        433        622        574        621        468        698        290        133        327        386        749      1,039
Other liabilities and accrued                 
  dividends (2)                                 5,179        250      1,699        269        257        561        436        466        183        135        169        236        520
   
    Total liabilities                         819,679     37,147    317,739     35,033     33,908     66,681     70,050     65,538     25,237     16,434     25,419     34,312     92,180
                              
Capital                    
Capital paid in                                14,968        382      3,674      1,744      1,024      4,015      1,069        904        155        243        174        207      1,377
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   1,593         92        199        106         20        685        216         73         24          8         15         79         76
     Total liabilities and capital            849,141     37,938    325,297     37,628     35,965     74,689     72,228     67,391     25,560     16,930     25,783     34,751     94,982
                              

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 28, 2006
              
Federal Reserve notes outstanding             928,954
   Less: Notes held by F.R. Banks
         not subject to collateralization     170,633
      Federal Reserve Notes to be
         collateralized                       758,321 
Collateral held against Federal Reserve            
   notes                                      758,321
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              745,084
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         788,849
   Less:face value of securities under
         reverse repurchase agreements         30,442
      U.S. Treasury and agency securities
             eligible to be pledged           758,407
   

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.