Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 811,624 - 2,020 + 28,964 813,567

Securities held outright 744,185 + 10 + 26,596 744,189

U.S. Treasury1 744,185 + 10 + 26,596 744,189

Bills2 271,270 0 + 8,472 271,270

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 3,337 + 11 + 1,083 3,341

Federal agency2 0 0 0 0

Repurchase agreements4 27,179 - 3,714 + 2,358 28,250

Loans to depository institutions 81 - 5 + 20 89

Primary credit 11 - 6 + 6 12

Secondary credit 0 0 0 0

Seasonal credit 70 + 1 + 14 77

Float 2,046 + 1,080 + 2,292 2,361

Other Federal Reserve assets 38,133 + 609 - 2,302 38,678

Gold stock 11,041 0 - 2 11,041

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

Treasury currency outstanding5 36,513 + 14 + 78 36,513

Total factors supplying reserve funds 861,378 - 2,006 + 29,040 863,321

Currency in circulation5 779,342 + 1,276 + 28,194 782,179

Reverse repurchase agreements6 25,172 - 3,628 - 2,290 26,575

Foreign official and international accounts 25,172 - 3,628 - 2,290 26,575

Dealers 0 0 0 0

Treasury cash holdings 199 - 5 - 78 198

Deposits with F.R. Banks, other than reserve balances 14,563 + 523 - 603 14,122

U.S. Treasury, general account 5,396 + 464 + 349 4,990

Foreign official 99 + 17 + 12 84

Service-related 8,804 + 70 - 968 8,804

Required clearing balances 8,804 + 70 - 958 8,804

Adjustments to compensate for float 0 0 - 11 0

Other 265 - 28 + 6 244

Other liabilities and capital 33,108 + 983 + 7,425 32,791

Total factors, other than reserve balances,

absorbing reserve funds 852,384 - 851 + 32,648 855,865

Reserve balances with Federal Reserve Banks 8,994 - 1,155 - 3,608 7,456

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,510,484 - 890 + 184,395 1,510,793

U.S. Treasury 1,103,050 - 2,318 + 45,913 1,102,760

Federal agency 407,433 + 1,427 + 138,481 408,033

Securities lent to dealers 3,820 + 484 + 848 2,115

FEDERAL RESERVE statistical release

 December 15, 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 14, 2005 Week ended

 Dec 14, 2005 Dec 7, 2005 Dec 15, 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 - 2

Special drawing rights certificate account 2,200 0 0

Coin 711 + 16 - 12

Securities, repurchase agreements, and loans 772,528 - 3,770 + 26,061

Securities held outright 744,189 + 10 + 26,528

U.S. Treasury1 744,189 + 10 + 26,528

Bills2 271,270 0 + 8,409

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

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

Inflation compensation3 3,341 + 11 + 1,079

Federal agency2 0 0 0

Repurchase agreements4 28,250 - 3,750 - 500

Loans 89 - 30 + 33

Items in process of collection (1,058) 8,528 + 425 + 1,093

Bank premises 1,848 - 1 + 86

Other assets5 36,810 + 1,042 - 2,122

Total assets (1,058) 833,661 - 2,290 + 25,103

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 746,571 + 3,075 + 29,060

Reverse repurchase agreements6 26,575 - 1,217 - 1,271

Deposits (0) 21,546 - 4,080 - 8,955

Depository institutions 16,228 - 3,960 - 8,876

U.S. Treasury, general account 4,990 - 86 - 29

Foreign official 84 + 3 - 31

Other (0) 244 - 37 - 18

Deferred availability cash items (1,058) 6,179 - 926 - 580

Other liabilities and accrued dividends7 4,381 + 46 + 1,272

Total liabilities (1,058) 805,252 - 3,100 + 19,526

Capital accounts

Capital paid in 13,530 + 7 + 1,890

Surplus 11,630 0 + 2,783

Other capital accounts 3,250 + 804 + 905

Total capital 28,409 + 810 + 5,577

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Dec 15, 2004

Eliminations from

consolidation Wednesday

 Dec 14, 2005

Wednesday

 Dec 7, 2005

3. Maturity Distribution of Loans and Securities, December 14, 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 25 48,464 + 33 0 0 23,250 26,575

16 days to 90 days 64 164,480 + 138 0 0 5,000 0

91 days to 1 year 0 186,613 - 171 0 0 . . . . . . 

Over 1 year to 5 years . . . 210,735 + 5 0 0 . . . . . . 

Over 5 years to 10 years . . . 56,694 + 2 0 0 . . . . . . 

Over 10 years . . . 77,204 + 5 0 0 . . . . . . 

All 89 744,189 + 10 0 0 28,250 26,575

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on December 14, 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 2,200 711 772,528 744,189 744,189 271,270 472,919 0 28,250 89 9,586 1,848 36,810 0 834,720

Assets, liabilities, and capital

 4,355 874 47 323,354 295,097 295,097 107,568 187,529 0 28,250 7 669 204 13,933 -28,486 314,950

 510 115 31 38,075 38,075 38,075 13,879 24,196 0 0 0 438 109 3,181 - 3,161 39,298

 432 83 40 26,401 26,400 26,400 9,623 16,777 0 0 1 446 53 1,110 + 6,122 34,687

 453 104 59 31,438 31,438 31,438 11,460 19,978 0 0 0 760 158 2,405 + 287 35,664

 836 147 66 56,797 56,794 56,794 20,702 36,092 0 0 3 584 144 4,753 + 5,407 68,734

 945 166 96 57,585 57,574 57,574 20,987 36,588 0 0 10 1,533 272 2,076 + 6,016 68,687

 928 212 77 67,046 67,018 67,018 24,429 42,589 0 0 28 646 209 2,550 + 402 72,069

 327 71 36 23,101 23,093 23,093 8,418 14,675 0 0 8 231 69 884 + 1,177 25,897

 2   15,5 15,5 15,5 5,6 9,8    3 1 7 - 2 16,8
 905,201

 158,630 746,571 746,571 11,037 2,200 733,334 0 772,439 26,640 745,800

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.

 905,201 158,630 746,571 26,575 21,546 16,228 4,990 84 244 7,237 4,381 806,310 13,530 11,630 3,250 834,720

 39,191 4,998 34,193 1,360 1,103 1,096 0 5 2 650 221 37,526 316 1,353 102 39,298

 328,439 44,130 284,310 10,538 10,044 4,824 4,990 56 174 791 1,493 307,176 3,684 3,430 661 314,950

 37,540 6,633 30,907 943 610 609 0 1 0 626 179 33,265 744 294 385 34,687

 36,539 5,656 30,883 1,123 762 757 0 4 1 522 222 33,512 1,013 1,065 74 35,664

 69,743 12,743 57,000 2,028 1,545 1,478 0 7 60 503 507 61,584 3,942 2,148 1,060 68,734

 82,647 20,952 61,696 2,056 1,785 1,783 0 2 0 956 346 66,839 892 516 441 68,687

 76,577 11,113 65,465 2,393 1,625 1,622 0 3 1 359 391 70,234 876 763 195 72,069

 27,392 3,698 23,695 825 644 640 0 1 4 165 155 25,483 143 236 35 25,897

 17,9 2,9 14,9 5 3 3    3 1 16,2 2 2  16,8

H.4.14. Statement of Condition of Each Federal Reserve Bank on December 14, 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 14, 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.