Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 826,403 + 9,225 + 35,782 829,782

Securities held outright 744,207 + 11 + 26,480 744,210

U.S. Treasury1 744,207 + 11 + 26,480 744,210

Bills2 271,270 0 + 8,378 271,270

Notes and bonds, nominal2 449,595 0 + 13,166 449,595

Notes and bonds, inflation-indexed2 19,983 0 + 3,875 19,983

Inflation compensation3 3,358 + 11 + 1,060 3,362

Federal agency2 0 0 0 0

Repurchase agreements4 42,179 + 10,215 + 11,108 45,250

Loans to depository institutions 125 - 312 + 71 114

Primary credit 51 - 314 + 42 41

Secondary credit 0 0 0 0

Seasonal credit 74 + 2 + 29 73

Float 813 - 998 - 1,687 1,053

Other Federal Reserve assets 39,080 + 310 - 188 39,154

Gold stock 11,041 0 - 3 11,041

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

Treasury currency outstanding5 36,541 + 14 + 106 36,541

Total factors supplying reserve funds 876,185 + 9,239 + 35,886 879,563

Currency in circulation5 792,056 + 8,256 + 35,156 794,900

Reverse repurchase agreements6 28,577 + 1,740 - 1,555 30,372

Foreign official and international accounts 28,577 + 1,740 - 1,555 30,372

Dealers 0 0 0 0

Treasury cash holdings 203 + 4 - 65 203

Deposits with F.R. Banks, other than reserve balances 13,905 - 810 - 1,010 13,270

U.S. Treasury, general account 4,853 - 549 + 222 4,243

Foreign official 84 - 55 + 4 85

Service-related 8,666 - 159 - 1,302 8,666

Required clearing balances 8,653 - 156 - 1,315 8,653

Adjustments to compensate for float 13 - 3 + 13 13

Other 303 - 46 + 66 276

Other liabilities and capital 32,649 - 356 + 6,030 32,433

Total factors, other than reserve balances,

absorbing reserve funds 867,390 + 8,834 + 38,556 871,179

Reserve balances with Federal Reserve Banks 8,795 + 405 - 2,669 8,384

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,519,063 + 4,785 + 183,283 1,522,015

U.S. Treasury 1,099,734 - 1,971 + 37,525 1,100,594

Federal agency 419,329 + 6,756 + 145,758 421,421

Securities lent to dealers 1,296 - 3,959 - 754 1,490

FEDERAL RESERVE statistical release

 December 29, 2005

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

 Dec 28, 2005 Week ended

 Dec 28, 2005 Dec 21, 2005 Dec 29, 2004
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 11,037 0 - 4

Special drawing rights certificate account 2,200 0 0

Coin 688 - 16 - 29

Securities, repurchase agreements, and loans 789,574 + 299 + 38,704

Securities held outright 744,210 + 10 + 26,397

U.S. Treasury1 744,210 + 10 + 26,397

Bills2 271,270 0 + 8,300

Notes and bonds, nominal2 449,595 0 + 13,166

Notes and bonds, inflation-indexed2 19,983 0 + 3,875

Inflation compensation3 3,362 + 11 + 1,056

Federal agency2 0 0 0

Repurchase agreements4 45,250 + 250 + 12,250

Loans 114 + 39 + 57

Items in process of collection (1,209) 7,750 - 1,367 + 1,646

Bank premises 1,826 - 30 + 39

Other assets5 37,339 + 497 - 2,420

Total assets (1,209) 850,414 - 616 + 37,936

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 759,246 + 6,277 + 36,342

Reverse repurchase agreements6 30,372 + 3,610 + 434

Deposits (0) 21,666 - 10,395 - 5,810

Depository institutions 17,062 - 9,343 - 4,371

U.S. Treasury, general account 4,243 - 1,047 - 1,491

Foreign official 85 - 1 - 2

Other (0) 276 - 4 + 55

Deferred availability cash items (1,209) 6,697 - 406 + 1,063

Other liabilities and accrued dividends7 4,419 + 65 + 1,226

Total liabilities (1,209) 822,400 - 849 + 33,255

Capital accounts

Capital paid in 13,536 0 + 1,895

Surplus 11,630 + 1 + 2,783

Other capital accounts 2,849 + 232 + 4

Total capital 28,014 + 233 + 4,681

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Dec 29, 2004

Eliminations from

consolidation Wednesday

 Dec 28, 2005

Wednesday

 Dec 21, 2005

3. Maturity Distribution of Loans and Securities, December 28, 2005

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 114 57,172 + 757 0 0 45,250 30,372

16 days to 90 days 0 155,859 - 847 0 0 0 0

91 days to 1 year 0 186,525 + 89 0 0 . . . . . . 

Over 1 year to 5 years . . . 210,743 + 4 0 0 . . . . . . 

Over 5 years to 10 years . . . 56,698 + 2 0 0 . . . . . . 

Over 10 years . . . 77,213 + 5 0 0 . . . . . . 

All 114 744,210 + 10 0 0 45,250 30,372

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on December 28, 2005Millions 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.

 11,037 2,200 688 789,574 744,210 744,210 271,270 472,940 0 45,250 114 8,958 1,826 37,339 0 851,623

Assets, liabilities, and capital

 4,355 874 47 340,355 295,105 295,105 107,568 187,537 0 45,250 0 583 205 14,214 -47,074 313,559

 510 115 32 38,076 38,076 38,076 13,879 24,197 0 0 0 605 111 3,198 - 2,948 39,699

 432 83 35 26,401 26,400 26,400 9,623 16,777 0 0 1 514 53 1,107 + 6,336 34,961

 453 104 56 31,439 31,439 31,439 11,460 19,979 0 0 0 805 157 2,429 + 1,956 37,400

 836 147 66 56,798 56,796 56,796 20,702 36,093 0 0 3 418 153 4,746 + 7,790 70,954

 945 166 90 57,583 57,576 57,576 20,987 36,589 0 0 7 1,445 232 2,098 +10,286 72,845

 928 212 77 67,041 67,020 67,020 24,429 42,590 0 0 22 790 215 2,607 + 2,797 74,667

 327 71 36 23,100 23,094 23,094 8,418 14,676 0 0 6 289 69 896 + 2,127 26,914

 2   15,5 15,5 15,5 5,6 9,8    3 1 7 + 1 17,2
 907,100

 147,854 759,246 759,246 11,037 2,200 746,009 0 789,460 30,401 759,059

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.

 907,100 147,854 759,246 30,372 21,666 17,062 4,243 85 276 7,905 4,419 823,609 13,536 11,630 2,849 851,623

 39,165 4,472 34,692 1,554 784 778 0 5 0 747 226 38,003 317 1,353 27 39,699

 327,895 43,472 284,423 12,044 7,092 2,622 4,243 57 170 852 1,496 305,907 3,685 3,430 537 313,559

 37,348 6,178 31,170 1,077 569 567 0 1 0 508 181 33,505 744 294 418 34,961

 36,595 5,053 31,541 1,283 1,657 1,649 0 4 5 583 230 35,294 1,013 1,065 28 37,400

 69,845 11,873 57,972 2,318 2,394 2,293 0 7 95 579 513 63,776 3,942 2,148 1,087 70,954

 84,156 18,562 65,593 2,350 1,893 1,891 0 2 0 879 348 71,062 892 516 375 72,845

 77,022 10,342 66,680 2,735 2,527 2,523 0 3 1 527 396 72,865 876 763 162 74,667

 28,125 3,460 24,665 942 556 553 0 1 2 208 156 26,528 144 236 6 26,914

 17,9 2,8 15,1 6 3 3    4 1 16,7 2 2  17,2

H.4.14. Statement of Condition of Each Federal Reserve Bank on December 28, 2005 (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

 Dec 28, 2005

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.