FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              March 2, 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            Mar 1, 2006 Feb 22, 2006  Mar 2, 2005  Mar 1, 2006
Federal Reserve Banks

Reserve Bank Credit                                         820,759    +   4,950    +  35,870      821,478
 Securities held outright                                   753,690    +   2,203    +  36,004      754,682       
    U.S. Treasury (1)                                       753,690    +   2,203    +  36,004      754,682
       Bills (2)                                            274,142            0    +  11,137      274,142
       Notes and bonds, nominal (2)                         454,235    +   2,226    +  20,949      455,227
       Notes and bonds, inflation-indexed (2)                22,196            0    +   3,088       22,196
       Inflation compensation (3)                             3,118    -      23    +     832        3,117
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    29,036    +   1,500    +   2,465       27,750
 Loans to depository institutions                                34    -      11    -      47           38
    Primary credit                                                6    +       1    -      58            4
    Secondary credit                                              0    -       8            0            0
    Seasonal credit                                              28    -       4    +      11           34
 Float                                                          213    +     687    -     724        1,343
 Other Federal Reserve assets                                37,787    +     571    -   1,827       37,664
Gold stock                                                   11,044            0    +       2       11,044
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,652    +      14    +     106       36,652
       
Total factors supplying reserve funds                       870,655    +   4,964    +  35,979      871,373
                                                                   
Currency in circulation(5)                                  787,224    -   1,391    +  35,362      788,672
Reverse repurchase agreements (6)                            24,647    +     861    +     257       24,672
   Foreign official and international accounts               24,647    +     861    +     257       24,672
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          185    -       6    -      78          186
Deposits with F.R.Banks, other than reserve balances         13,442    +      69    -     793       13,816       
  U.S. Treasury, general account                              5,080    +      75    -     119        5,427
  Foreign official                                               83    -       1            0           85
  Service-related                                             8,014    -       1    -     656        8,014
     Required clearing balances                               8,014    -       1    -     656        8,014
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         265    -       4    -      18          290
Other liabilities and capital                                32,316    +     302    +   4,736       32,011

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  857,815    -     164    +  39,485      859,357

Reserve balances with Federal Reserve Banks                  12,840    +   5,128    -   3,506       12,017
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,579,836    +   7,476    + 201,149    1,582,293
     U.S. Treasury                                        1,126,619    +   2,019    +  46,866    1,126,476
     Federal agency                                         453,217    +   5,458    + 154,283      455,816
  Securities lent to dealers                                  3,609    +   1,542    +   1,606        5,643   


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  Mar 1, 2006     Feb 22, 2006      Mar 2, 2005

Assets
Gold certificate account                                        11,040                0        +       3
Special drawing rights certificate account                       2,200                0                0
Coin                                                               826        -      15        +      33
Securities, repurchase agreements, and loans                   782,471        +     819        +  40,400
   Securities held outright                                    754,682        +   2,133        +  37,187
      U.S. Treasury (1)                                        754,682        +   2,133        +  37,187       
         Bills (2)                                             274,142                0        +  11,137
         Notes and bonds, nominal (2)                          455,227        +   2,149        +  22,131
         Notes and bonds, inflation-indexed (2)                 22,196                0        +   3,088
         Inflation compensation (3)                              3,117        -      16        +     831
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    27,750        -   1,250        +   3,500    
   Loans                                                            38        -      65        -     287
Items in process of collection                    (1,209)        8,125        -   2,317        +     746
Bank premises                                                    1,821        +       1        +      30
Other assets (5)                                                35,921        +     380        -   1,794
      Total assets                                (1,209)      842,403        -   1,133        +  39,417
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  753,028        -     297        +  35,876
Reverse repurchase agreements (6)                               24,672        +     162        -     703
Deposits                                              (0)       25,899        -     149        +     722       
  Depository institutions                                       20,097        -   1,272        +     209
  U.S. Treasury, general account                                 5,427        +   1,093        +     521
  Foreign official                                                  85        -       3        +       2
  Other                                               (0)          290        +      33        -      11
Deferred availability cash items                  (1,209)        6,793        -   1,122        -   1,243
Other liabilities and accrued dividends (7)                      4,364        +      38        +   1,331
      Total liabilities                           (1,209)      814,756        -   1,367        +  35,982
                          
Capital Accounts
Capital paid in                                                 13,739        +      23        +   1,217
Surplus                                                         12,901                0        +   1,776
Other capital accounts                                           1,006        +     210        +     441
      Total capital                                             27,646        +     233        +   3,433


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,      March 1, 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              11       48,410   -   9,148            0           0       27,750       24,672
16 days to 90 days          27      167,362   +     619            0           0            0            0
91 days to 1 year            0      190,678   +  10,128            0           0     ------      ------
Over 1 to 5 years     ------        213,483   -     405            0           0     ------      ------
Over 5 to 10 years    ------         54,953   +      22            0           0     ------      ------
Over 10 years         ------         79,796   +     917            0           0     ------      ------
                   		 	
All                         38      754,682   +   2,133            0           0       27,750      24,672

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      March 1, 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                      11,040        510      4,358        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                                             826         38         70         48         66         78        104         99         48         29         68         73        106
Securities, repurchase agreements,
      and loans                              782,471     38,619    327,008     26,772     31,882     57,595     58,386     67,987     23,418     15,765     21,347     37,169     76,523
   Securities held outright                  754,682     38,612    299,258     26,772     31,882     57,595     58,386     67,963     23,418     15,762     21,346     37,169     76,520
      U.S. Treasury (1)                      754,682     38,612    299,258     26,772     31,882     57,595     58,386     67,963     23,418     15,762     21,346     37,169     76,520
         Bills (2)                           274,142     14,026    108,707      9,725     11,581     20,922     21,209     24,688      8,507      5,726      7,754     13,502     27,796
         Notes and bonds(3)                  480,540     24,586    190,551     17,047     20,300     36,673     37,177     43,275     14,912     10,036     13,592     23,667     48,724
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                27,750          0     27,750          0          0          0          0          0          0          0          0          0          0
      Loans                                       38          7          0          0          0          0          0         24          0          3          1          0          3
Items in process of collection                 9,334      1,398        386        420        675        390      1,666      1,012        273        301        689        498      1,628
Bank premises                                  1,821        113        206         54        157        152        232        210         70        119         91        260        158
Other assets(5)                               35,921      1,164     13,346      1,583      2,113      6,444      2,492      2,494        711        658        646        922      3,349
Interdistrict settlement account                   0    - 4,551    -31,580    + 6,257    + 1,102    + 7,393    + 9,934    - 2,537    +   822    -   267    + 2,046    - 3,396    +14,777
          Total Assets                       843,612     37,405    314,667     35,648     36,551     73,035     73,925     70,404     25,740     16,847     25,271     36,172     97,948

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      March 1, 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             911,806     38,888    326,653     38,940     37,049     72,983     88,006     76,908     27,796     17,652     27,606     49,723    109,602
  Less: notes held by F.R. Banks              158,778      4,972     46,537      7,169      5,360     12,173     21,347     12,690      3,902      2,636      4,699     16,504     20,789
    Federal Reserve notes, net                753,028     33,916    280,116     31,772     31,688     60,809     66,659     64,218     23,894     15,016     22,907     33,220     88,813
Reverse repurchase agreements (1)              24,672      1,262      9,783        875      1,042      1,883      1,909      2,222        766        515        698      1,215      2,502
Deposits                                       25,899        850     14,670        625        891      1,709      1,828      1,278        427        282        597        756      1,985
  Depository institutions                      20,097        843      9,017        623        886      1,593      1,825      1,275        422        281        595        755      1,981
  U.S. Treasury, general account                5,427          0      5,427          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 85          1         56          2          3         11          3          3          0          1          1          0          4
  Other                                           290          7        170          0          1        105          0          0          4          0          1          0          0
Deferred availability cash items                8,003        471        895        677        677        672      1,110        457        191        416        563        399      1,475
Other liabilities and accrued                 
  dividends (2)                                 4,364        231      1,537        178        212        415        358        396        160        116        137        219        406
   
    Total liabilities                         815,966     36,731    307,001     34,126     34,511     65,489     71,864     68,571     25,438     16,345     24,902     35,808     95,180
                              
Capital                    
Capital paid in                                13,739        323      3,695        750        999      3,945      1,035        885        144        244        178        187      1,352
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   1,006         34        286         28         27        293        133         71         14         13         15         24         67
     Total liabilities and capital            843,612     37,405    314,667     35,648     36,551     73,035     73,925     70,404     25,740     16,847     25,271     36,172     97,948
                              

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
                                           Mar 1, 2006
              
Federal Reserve notes outstanding             911,806
   Less: Notes held by F.R. Banks
         not subject to collateralization     158,778
      Federal Reserve Notes to be
         collateralized                       753,028 
Collateral held against Federal Reserve            
   notes                                      753,028
   Gold certificate account                    11,040
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              739,789
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         782,432
   Less:face value of securities under
         reverse repurchase agreements         24,703
      U.S. Treasury and agency securities
             eligible to be pledged           757,729
   

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.