Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 824,687 + 1 + 37,129 821,463

Securities held outright 760,177 + 452 + 38,566 759,651

U.S. Treasury1 760,177 + 452 + 38,566 759,651

Bills2 275,370 0 + 11,086 275,370

Notes and bonds, nominal2 458,693 + 420 + 23,010 458,155

Notes and bonds, inflation-indexed2 22,646 0 + 3,538 22,646

Inflation compensation3 3,468 + 32 + 933 3,480

Federal agency2 0 0 0 0

Repurchase agreements4 23,750 + 250 - 2,821 21,500

Loans to depository institutions 168 - 6 + 26 178

Primary credit 20 - 20 + 18 21

Secondary credit 0 0 0 0

Seasonal credit 149 + 15 + 10 157

Float -237 + 68 + 1,023 1,250

Other Federal Reserve assets 40,828 - 764 + 335 38,884

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 37,963 + 14 + 1,418 37,963

Total factors supplying reserve funds 875,891 + 15 + 38,547 872,667

Currency in circulation5 793,980 + 247 + 39,693 794,985

Reverse repurchase agreements6 23,657 - 2,319 - 4,397 22,569

Foreign official and international accounts 23,657 - 2,319 - 4,397 22,569

Dealers 0 0 0 0

Treasury cash holdings 181 + 3 - 74 185

Deposits with F.R. Banks, other than reserve balances 12,970 + 727 - 990 12,810

U.S. Treasury, general account 5,192 + 41 - 17 5,055

Foreign official 105 + 8 + 21 85

Service-related 7,366 + 670 - 974 7,366

Required clearing balances 7,366 + 670 - 974 7,366

Adjustments to compensate for float 0 0 0 0

Other 308 + 9 - 19 304

Other liabilities and capital 33,897 + 118 + 5,077 33,049

Total factors, other than reserve balances,

absorbing reserve funds 864,686 - 1,222 + 39,310 863,597

Reserve balances with Federal Reserve Banks 11,205 + 1,237 - 763 9,070

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,624,415 + 3,409 + 220,331 1,619,910

U.S. Treasury 1,125,054 + 301 + 50,847 1,120,764

Federal agency 499,361 + 3,108 + 169,484 499,146

Securities lent to dealers 1,600 + 592 - 1,703 1,792

FEDERAL RESERVE statistical release

 May 18, 2006

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

 May 17, 2006 Week ended

 May 17, 2006 May 10, 2006 May 18, 2005
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 0

Special drawing rights certificate account 2,200 0 0

Coin 767 - 14 + 111

Securities, repurchase agreements, and loans 781,329 + 707 + 35,809

Securities held outright 759,651 - 86 + 38,022

U.S. Treasury1 759,651 - 86 + 38,022

Bills2 275,370 0 + 11,082

Notes and bonds, nominal2 458,155 - 118 + 22,472

Notes and bonds, inflation-indexed2 22,646 0 + 3,538

Inflation compensation3 3,480 + 32 + 931

Federal agency2 0 0 0

Repurchase agreements4 21,500 + 1,000 - 2,250

Loans 178 - 207 + 37

Items in process of collection (1,496) 7,274 + 2,222 + 1,780

Bank premises 1,836 0 + 21

Other assets5 36,925 - 3,093 + 219

Total assets (1,496) 841,368 - 178 + 37,940

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 757,969 - 497 + 38,695

Reverse repurchase agreements6 22,569 - 1,966 - 3,610

Deposits (0) 21,758 + 2,461 - 1,099

Depository institutions 16,313 + 2,329 - 1,078

U.S. Treasury, general account 5,055 + 124 - 25

Foreign official 85 0 - 27

Other (0) 304 + 8 + 31

Deferred availability cash items (1,496) 6,024 + 204 - 313

Other liabilities and accrued dividends7 4,740 + 54 + 1,390

Total liabilities (1,496) 813,059 + 255 + 35,062

Capital accounts

Capital paid in 13,859 + 11 + 950

Surplus 12,901 0 + 1,508

Other capital accounts 1,549 - 443 + 421

Total capital 28,309 - 433 + 2,878

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 May 18, 2005

Eliminations from

consolidation Wednesday

 May 17, 2006

Wednesday

 May 10, 2006

3. Maturity Distribution of Loans and Securities, May 17, 2006

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 164 64,454 - 2,320 0 0 21,500 22,569

16 days to 90 days 14 164,067 - 860 0 0 0 0

91 days to 1 year 0 180,967 + 4,582 0 0 . . . . . . 

Over 1 year to 5 years . . . 212,424 - 3,802 0 0 . . . . . . 

Over 5 years to 10 years . . . 55,397 + 5 0 0 . . . . . . 

Over 10 years . . . 82,342 + 2,309 0 0 . . . . . . 

All 178 759,651 - 86 0 0 21,500 22,569

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on May 17, 2006Millions 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 2,200 767 781,329 759,651 759,651 275,370 484,281 0 21,500 178 8,770 1,836 36,925 0 842,863

Assets, liabilities, and capital

 4,139 874 53 302,669 281,167 281,167 101,922 179,246 0 21,500 1 560 206 13,298 + 330 322,128

 486 115 37 36,259 36,249 36,249 13,140 23,109 0 0 9 442 113 1,145 - 1,379 37,216

 463 83 39 32,981 32,981 32,981 11,955 21,025 0 0 0 487 56 1,765 + 1,086 36,959

 446 104 76 32,801 32,801 32,801 11,890 20,911 0 0 0 688 156 2,213 - 577 35,908

 853 147 65 63,104 63,104 63,104 22,875 40,229 0 0 0 674 153 6,859 + 3,227 75,083

 1,023 166 84 63,603 63,596 63,596 23,053 40,542 0 0 7 1,875 231 2,561 + 1,284 70,827

 947 212 85 69,818 69,751 69,751 25,284 44,467 0 0 67 1,066 209 2,580 - 6,967 67,949

 328 71 40 24,155 24,135 24,135 8,749 15,386 0 0 20 261 70 714 - 368 25,271

 2   15,4 15,4 15,4 5,5 9,8    2 1 6 + 2 17,0
 920,561

 162,593 757,969 757,969 11,037 2,200 744,732 0 781,151 22,594 758,557

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.

 920,561 162,593 757,969 22,569 21,758 16,313 5,055 85 304 7,520 4,740 814,555 13,859 12,901 1,549 842,863

 38,436 4,443 33,994 1,077 800 794 0 1 5 438 232 36,541 324 317 34 37,216

 340,604 44,922 295,682 8,353 8,112 2,829 5,055 56 171 816 1,571 314,534 3,671 3,685 239 322,128

 39,589 7,002 32,587 980 913 910 0 2 0 761 224 35,464 729 744 22 36,959

 36,836 5,748 31,088 975 914 910 0 3 1 646 236 33,858 1,015 1,013 22 35,908

 73,926 12,668 61,258 1,875 2,839 2,705 0 11 123 567 499 67,037 4,011 3,307 727 75,083

 86,632 23,087 63,546 1,889 1,944 1,941 0 3 0 874 402 68,655 1,061 892 219 70,827

 75,253 13,667 61,585 2,072 1,636 1,633 0 3 0 372 431 66,097 901 876 75 67,949

 27,541 4,187 23,354 717 516 513 0 0 2 195 173 24,956 149 144 22 25,271

 17,4 2,4 15,0 4 5 5    3 1 16,5 2 2  17,0

H.4.14. Statement of Condition of Each Federal Reserve Bank on May 17, 2006 (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

 May 17, 2006

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.