FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               July 6, 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            Jul 5, 2006 Jun 28, 2006  Jul 6, 2005  Jul 5, 2006
Federal Reserve Banks

Reserve Bank Credit                                         836,187    +  11,458    +  40,391      836,958
 Securities held outright                                   766,371    +      41    +  41,652      766,385       
    U.S. Treasury (1)                                       766,371    +      41    +  41,652      766,385
       Bills (2)                                            275,370            0    +  10,355      275,370
       Notes and bonds, nominal (2)                         464,580            0    +  27,206      464,580
       Notes and bonds, inflation-indexed (2)                22,646            0    +   3,113       22,646
       Inflation compensation (3)                             3,775    +      41    +     978        3,789
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    29,464    +  11,035    -     607       28,250
 Loans to depository institutions                               291    -       2    -     454          282
    Primary credit                                               15    -       1    -     524            6
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             276    -       1    +      70          276
 Float                                                         -428    +     194    -     941        1,475
 Other Federal Reserve assets                                40,488    +     188    +     740       40,567
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,062    +      14    +   1,447       38,062
       
Total factors supplying reserve funds                       887,490    +  11,472    +  41,838      888,261
                                                                   
Currency in circulation(5)                                  798,204    +   5,267    +  31,703      800,735
Reverse repurchase agreements (6)                            29,683    +   2,641    +   3,916       29,086
   Foreign official and international accounts               29,683    +   2,641    +   3,916       29,086
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          173    -      20    -      64          167
Deposits with F.R.Banks, other than reserve balances         12,849    +     437    +     319       13,037       
  U.S. Treasury, general account                              5,334    +     410    +   1,494        5,528
  Foreign official                                              111    +      24    -      14           90
  Service-related                                             7,162    -       4    -   1,116        7,162
     Required clearing balances                               7,162    -       4    -   1,116        7,162
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         242    +       7    -      45          258
Other liabilities and capital                                34,926    -     152    +   5,883       34,629

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  875,835    +   8,173    +  41,757      877,654

Reserve balances with Federal Reserve Banks                  11,655    +   3,299    +      81       10,607
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,636,139    -   2,136    + 198,165    1,637,480
     U.S. Treasury                                        1,117,918    -   2,668    +  31,982    1,119,882
     Federal agency                                         518,220    +     531    + 166,182      517,598
  Securities lent to dealers                                  6,725    +   4,385    +   1,369        5,613   


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  Jul 5, 2006     Jun 28, 2006      Jul 6, 2005

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               696        -      24        +      88
Securities, repurchase agreements, and loans                   794,917        +   5,768        +  35,978
   Securities held outright                                    766,385        +      36        +  41,668
      U.S. Treasury (1)                                        766,385        +      36        +  41,668       
         Bills (2)                                             275,370                0        +  10,355
         Notes and bonds, nominal (2)                          464,580                0        +  27,206
         Notes and bonds, inflation-indexed (2)                 22,646                0        +   3,113
         Inflation compensation (3)                              3,789        +      36        +     993
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    28,250        +   5,750        -   5,750    
   Loans                                                           282        -      18        +      60
Items in process of collection                    (1,423)        5,979        +   1,355        -   4,939
Bank premises                                                    1,857        +       2        +      41
Other assets (5)                                                38,463        +     149        +     430
      Total assets                                (1,423)      855,149        +   7,251        +  31,598
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  763,532        +   5,211        +  31,015
Reverse repurchase agreements (6)                               29,086        -   1,314        +   4,622
Deposits                                              (2)       23,397        +   3,958        -   5,947       
  Depository institutions                                       17,521        +   3,282        -   6,903
  U.S. Treasury, general account                                 5,528        +     649        +     984
  Foreign official                                                  90                0        +       8
  Other                                               (2)          258        +      27        -      37
Deferred availability cash items                  (1,421)        4,505        -     592        -   3,927
Other liabilities and accrued dividends (7)                      4,727        -     452        +   1,502
      Total liabilities                           (1,423)      825,247        +   6,811        +  27,265
                          
Capital Accounts
Capital paid in                                                 14,975        +       7        +   2,036
Surplus                                                         12,901                0        +   1,464
Other capital accounts                                           2,026        +     433        +     832
      Total capital                                             29,902        +     440        +   4,333


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,       July 5, 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              47       58,899   -   2,410            0           0       28,250       29,086
16 days to 90 days         235      174,987   +   2,020            0           0            0            0
91 days to 1 year            0      176,068   -     935            0           0     ------      ------
Over 1 to 5 years     ------        217,323   +   1,341            0           0     ------      ------
Over 5 to 10 years    ------         60,717   +       5            0           0     ------      ------
Over 10 years         ------         78,392   +      17            0           0     ------      ------
                   		 	
All                        282      766,385   +      36            0           0       28,250      29,086

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       July 5, 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                                             696         31         40         30         66         62         87         74         34         31         58         68        116
Securities, repurchase agreements,
      and loans                              794,917     36,573    311,910     33,273     33,092     63,664     64,165     70,459     24,386     15,679     22,470     34,398     84,847
   Securities held outright                  766,385     36,571    283,660     33,273     33,092     63,664     64,159     70,369     24,349     15,580     22,441     34,394     84,831
      U.S. Treasury (1)                      766,385     36,571    283,660     33,273     33,092     63,664     64,159     70,369     24,349     15,580     22,441     34,394     84,831
         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)                  491,015     23,430    181,738     21,318     21,202     40,789     41,106     45,085     15,600      9,982     14,378     22,036     54,351
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                28,250          0     28,250          0          0          0          0          0          0          0          0          0          0
      Loans                                      282          3          0          0          0          0          6         90         37         99         28          4         15
Items in process of collection                 7,403        458        590        222      1,015        326        875        516        260        294        801        384      1,662
Bank premises                                  1,857        113        206         57        157        154        231        208         70        118        115        259        171
Other assets(5)                               38,463      1,224     13,918      1,819      2,264      6,905      2,728      2,739        748        701        720        954      3,743
Interdistrict settlement account                   0    -    75    - 3,906    + 1,919    -   660    + 3,440    + 3,373    - 7,401    -   264    +    47    + 1,551    - 2,021    + 3,997
          Total Assets                       856,572     38,925    327,771     37,866     36,485     75,550     72,648     67,754     25,632     17,111     26,104     34,715     96,012

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       July 5, 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             929,257     38,135    348,559     39,754     37,076     73,357     90,449     74,131     27,392     17,271     27,176     48,997    106,960
  Less: notes held by F.R. Banks              165,725      3,518     50,525      7,132      5,917     12,642     25,248     12,978      3,824      2,126      3,512     17,274     21,029
    Federal Reserve notes, net                763,532     34,617    298,034     32,622     31,158     60,715     65,201     61,152     23,568     15,145     23,665     31,723     85,931
Reverse repurchase agreements (1)              29,086      1,388     10,766      1,263      1,256      2,416      2,435      2,671        924        591        852      1,305      3,220
Deposits                                       23,399      1,475      9,121        871      1,212      3,582      1,800      1,325        509        290        527        726      1,960
  Depository institutions                      17,521      1,473      3,367        866      1,209      3,488      1,817      1,322        501        270        525        725      1,956
  U.S. Treasury, general account                5,528          0      5,528          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                                           260          1        165          3          0         82        -19          1          7         19          1          0          0
Deferred availability cash items                5,926        411        565        264        544        276        603        282        124        455        536        288      1,577
Other liabilities and accrued                 
  dividends (2)                                 4,727        239      1,592        216        227        442        406        434        177        124        162        229        479
   
    Total liabilities                         826,670     38,130    320,078     35,236     34,397     67,430     70,445     65,865     25,302     16,606     25,742     34,270     93,167
                              
Capital                    
Capital paid in                                14,975        382      3,674      1,744      1,024      4,014      1,069        908        155        243        174        209      1,377
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   2,026         96        334        142         50        798        242        105         31         16         13         83        118
     Total liabilities and capital            856,572     38,925    327,771     37,866     36,485     75,550     72,648     67,754     25,632     17,111     26,104     34,715     96,012
                              

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
                                           Jul 5, 2006
              
Federal Reserve notes outstanding             929,257
   Less: Notes held by F.R. Banks
         not subject to collateralization     165,725
      Federal Reserve Notes to be
         collateralized                       763,532 
Collateral held against Federal Reserve            
   notes                                      763,532
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              750,295
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         794,635
   Less:face value of securities under
         reverse repurchase agreements         29,126
      U.S. Treasury and agency securities
             eligible to be pledged           765,509
   

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.