FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                May 4, 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            May 3, 2006 Apr 26, 2006  May 4, 2005  May 3, 2006
Federal Reserve Banks

Reserve Bank Credit                                         823,061    +   2,991    +  36,636      825,966
 Securities held outright                                   759,694    +     798    +  40,338      759,704       
    U.S. Treasury (1)                                       759,694    +     798    +  40,338      759,704
       Bills (2)                                            275,370            0    +  12,365      275,370
       Notes and bonds, nominal (2)                         458,273    +     783    +  23,488      458,273
       Notes and bonds, inflation-indexed (2)                22,646            0    +   3,538       22,646
       Inflation compensation (3)                             3,404    +      14    +     947        3,415
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    25,071    +   3,535    -   1,072       25,750
 Loans to depository institutions                               138    +      19    +      27          135
    Primary credit                                               25    -       4    +      20            5
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             113    +      23    +       6          130
 Float                                                       -3,048    -   2,060    -   1,907         -747
 Other Federal Reserve assets                                41,207    +     700    -     749       41,123
Gold stock                                                   11,041    -       2            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            37,939    +      14    +   1,394       37,939
       
Total factors supplying reserve funds                       874,242    +   3,004    +  38,031      877,146
                                                                   
Currency in circulation(5)                                  791,794    +   1,139    +  38,125      794,178
Reverse repurchase agreements (6)                            24,371    +     318    -   1,984       24,478
   Foreign official and international accounts               24,371    +     318    -   1,984       24,478
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          181    -      18    -      76          177
Deposits with F.R.Banks, other than reserve balances         12,453    -     481    -   1,870       12,338       
  U.S. Treasury, general account                              5,366    +     413    +     503        5,215
  Foreign official                                               98    +      13    -       3          116
  Service-related                                             6,697    -     914    -   2,328        6,697
     Required clearing balances                               6,697    -     914    -   2,328        6,697
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         293    +       9    -      42          310
Other liabilities and capital                                33,720    +     232    +   4,921       33,163

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  862,520    +   1,191    +  39,117      864,334

Reserve balances with Federal Reserve Banks                  11,722    +   1,813    -   1,086       12,812
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,611,845    +   8,200    + 212,905    1,614,759
     U.S. Treasury                                        1,119,085    +   1,527    +  41,977    1,121,056
     Federal agency                                         492,760    +   6,672    + 170,927      493,703
  Securities lent to dealers                                  1,671    +   1,184    -   1,821        1,363   


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  May 3, 2006     Apr 26, 2006      May 4, 2005

Assets
Gold certificate account                                        11,037        -       2                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               803        -       2        +     115
Securities, repurchase agreements, and loans                   785,590        -     949        +  44,594
   Securities held outright                                    759,704        +      21        +  40,332
      U.S. Treasury (1)                                        759,704        +      21        +  40,332       
         Bills (2)                                             275,370                0        +  12,365
         Notes and bonds, nominal (2)                          458,273                0        +  23,488
         Notes and bonds, inflation-indexed (2)                 22,646                0        +   3,538
         Inflation compensation (3)                              3,415        +      21        +     942
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    25,750        -   1,000        +   4,250    
   Loans                                                           135        +      30        +      11
Items in process of collection                    (1,325)        6,362        +      77        -   1,183
Bank premises                                                    1,835        +       2        +      25
Other assets (5)                                                39,186        +     176        -     800
      Total assets                                (1,325)      847,014        -     697        +  42,752
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  757,215        +   2,057        +  37,478
Reverse repurchase agreements (6)                               24,478        +   1,568        -   1,582
Deposits                                              (0)       25,049        -   5,210        +   2,885       
  Depository institutions                                       19,408        -   4,876        +   2,298
  U.S. Treasury, general account                                 5,215        -     395        +     597
  Foreign official                                                 116        +      31        +      37
  Other                                               (0)          310        +      30        -      47
Deferred availability cash items                  (1,325)        7,109        +     915        -     548
Other liabilities and accrued dividends (7)                      4,646        -       4        +   1,354
      Total liabilities                           (1,325)      818,496        -     676        +  39,585
                          
Capital Accounts
Capital paid in                                                 13,825        +       9        +   1,072
Surplus                                                         12,901                0        +   1,504
Other capital accounts                                           1,792        -      30        +     592
      Total capital                                             28,518        -      20        +   3,167


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,        May 3, 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              23       65,706   +   2,520            0           0       25,750       24,478
16 days to 90 days         113      165,126   -   1,223            0           0            0            0
91 days to 1 year            0      177,251   -     579            0           0     ------      ------
Over 1 to 5 years     ------        216,216   -     710            0           0     ------      ------
Over 5 to 10 years    ------         55,387   +       3            0           0     ------      ------
Over 10 years         ------         80,018   +       9            0           0     ------      ------
                   		 	
All                        135      759,704   +      21            0           0       25,750      24,478

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        May 3, 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                                             803         41         55         43         81         67         87         94         40         37         63         69        127
Securities, repurchase agreements,
      and loans                              785,590     36,261    306,937     32,983     32,804     63,109     63,607     69,820     24,147     15,468     22,257     34,096     84,100
   Securities held outright                  759,704     36,252    281,187     32,983     32,804     63,109     63,600     69,756     24,137     15,444     22,246     34,095     84,092
      U.S. Treasury (1)                      759,704     36,252    281,187     32,983     32,804     63,109     63,600     69,756     24,137     15,444     22,246     34,095     84,092
         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)                  484,335     23,112    179,265     21,028     20,913     40,234     40,547     44,472     15,388      9,846     14,182     21,736     53,611
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                25,750          0     25,750          0          0          0          0          0          0          0          0          0          0
      Loans                                      135          9          0          0          0          0          7         65         10         23         12          1          8
Items in process of collection                 7,687        452        445      1,040        676        562        717        244        253        249        655        735      1,659
Bank premises                                  1,835        113        205         55        156        153        231        209         69        118        101        258        167
Other assets(5)                               39,186      1,259     14,162      1,856      2,296      6,986      2,784      2,798        781        717        743        983      3,821
Interdistrict settlement account                   0    - 1,032    - 3,835    +   110    -    96    + 3,879    + 3,144    - 5,455    -   251    +   256    + 1,754    - 2,081    + 3,607
          Total Assets                       848,338     37,694    322,981     36,635     36,468     75,756     71,761     68,869     25,438     17,085     25,963     34,733     94,956

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        May 3, 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             916,879     38,505    336,330     39,396     36,864     73,817     86,733     75,486     27,590     17,502     27,445     49,158    108,050
  Less: notes held by F.R. Banks              159,664      4,639     42,854      6,946      5,997     12,581     22,752     13,243      4,120      2,447      4,099     17,799     22,187
    Federal Reserve notes, net                757,215     33,866    293,476     32,451     30,867     61,235     63,982     62,243     23,470     15,055     23,347     31,359     85,863
Reverse repurchase agreements (1)              24,478      1,168      9,060      1,063      1,057      2,033      2,049      2,248        778        498        717      1,099      2,709
Deposits                                       25,049      1,141     10,435        668      1,558      3,111      2,231      1,698        514        515        602        751      1,826
  Depository institutions                      19,408      1,135      4,963        666      1,555      2,968      2,228      1,695        513        514        600        750      1,822
  U.S. Treasury, general account                5,215          0      5,215          0          0          0          0          0          0          0          0          0          0
  Foreign official                                116          1         87          2          3         11          3          3          0          1          1          0          4
  Other                                           310          6        170          0          0        132          0          0          0          0          1          0          0
Deferred availability cash items                8,434        610        798        726        688        757        933        401        195        393        776        866      1,293
Other liabilities and accrued                 
  dividends (2)                                 4,646        230      1,539        219        231        493        395        417        166        121        156        216        462
   
    Total liabilities                         819,821     37,016    315,307     35,126     34,402     67,630     69,589     67,007     25,122     16,581     25,597     34,291     92,154
                              
Capital                    
Capital paid in                                13,825        324      3,670        729      1,014      4,006      1,052        896        148        242        174        210      1,358
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   1,792         38        319         35         38        813        228         89         23         17         18         79         95
     Total liabilities and capital            848,338     37,694    322,981     36,635     36,468     75,756     71,761     68,869     25,438     17,085     25,963     34,733     94,956
                              

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
                                           May 3, 2006
              
Federal Reserve notes outstanding             916,879
   Less: Notes held by F.R. Banks
         not subject to collateralization     159,664
      Federal Reserve Notes to be
         collateralized                       757,215 
Collateral held against Federal Reserve            
   notes                                      757,215
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              743,978
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         785,454
   Less:face value of securities under
         reverse repurchase agreements         24,508
      U.S. Treasury and agency securities
             eligible to be pledged           760,947
   

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.