FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               June 1, 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 31, 2006 May 24, 2006  Jun 1, 2005 May 31, 2006
Federal Reserve Banks

Reserve Bank Credit                                         826,970    +   4,139    +  34,496      833,645
 Securities held outright                                   762,401    +   1,952    +  37,836      762,411       
    U.S. Treasury (1)                                       762,401    +   1,952    +  37,836      762,411
       Bills (2)                                            275,370            0    +  10,605      275,370
       Notes and bonds, nominal (2)                         460,850    +   1,918    +  22,772      460,850
       Notes and bonds, inflation-indexed (2)                22,646            0    +   3,538       22,646
       Inflation compensation (3)                             3,535    +      34    +     921        3,545
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    26,429    +   3,572    -   3,285       30,750
 Loans to depository institutions                               195    +      21    +      39          207
    Primary credit                                               23    +       2    +      12           20
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             172    +      20    +      27          187
 Float                                                       -1,520    -   1,734    -     516        1,030
 Other Federal Reserve assets                                39,465    +     328    +     423       39,248
Gold stock                                                   11,041            0    -       1       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            37,991    +      14    +   1,446       37,991
       
Total factors supplying reserve funds                       878,202    +   4,153    +  35,942      884,877
                                                                   
Currency in circulation(5)                                  798,199    +   4,348    +  37,753      799,113
Reverse repurchase agreements (6)                            23,584    +     366    -   1,541       24,603
   Foreign official and international accounts               23,584    +     366    -   1,541       24,603
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          188    +       3    -      89          196
Deposits with F.R.Banks, other than reserve balances         12,790    -     428    -   1,355       10,545       
  U.S. Treasury, general account                              4,870    -     606    -      57        2,637
  Foreign official                                               88            0    +       4           86
  Service-related                                             7,580    +     215    -   1,271        7,580
     Required clearing balances                               7,580    +     215    -   1,271        7,580
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         253    -      35    -      31          242
Other liabilities and capital                                34,002    +     496    +   4,705       34,508

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  868,764    +   4,787    +  39,474      868,964

Reserve balances with Federal Reserve Banks                   9,438    -     633    -   3,532       15,913
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,614,555    -   2,011    + 188,258    1,619,796
     U.S. Treasury                                        1,114,648    -   2,452    +  29,669    1,115,371
     Federal agency                                         499,907    +     442    + 158,589      504,425
  Securities lent to dealers                                  2,876    +   1,540    -   1,564        4,426   


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 31, 2006     May 24, 2006      Jun 1, 2005

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               716        -      27        +     114
Securities, repurchase agreements, and loans                   793,368        +   8,311        +  36,298
   Securities held outright                                    762,411        +      33        +  36,985
      U.S. Treasury (1)                                        762,411        +      33        +  36,985       
         Bills (2)                                             275,370                0        +  10,355
         Notes and bonds, nominal (2)                          460,850                0        +  22,172
         Notes and bonds, inflation-indexed (2)                 22,646                0        +   3,538
         Inflation compensation (3)                              3,545        +      32        +     920
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    30,750        +   8,250        -     750    
   Loans                                                           207        +      28        +      63
Items in process of collection                    (1,974)        8,412        +   3,002        -   1,103
Bank premises                                                    1,837        +       1        +      20
Other assets (5)                                                37,314        +      60        +     288
      Total assets                                (1,974)      854,883        +  11,346        +  35,615
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  762,030        +   2,750        +  35,565
Reverse repurchase agreements (6)                               24,603        +   1,800        -     129
Deposits                                              (0)       26,360        +   3,480        -   4,605       
  Depository institutions                                       23,395        +   6,041        -   3,136
  U.S. Treasury, general account                                 2,637        -   2,551        -   1,402
  Foreign official                                                  86        +       1        +       6
  Other                                               (0)          242        -      10        -      72
Deferred availability cash items                  (1,974)        7,383        +   1,956        -   1,021
Other liabilities and accrued dividends (7)                      4,888        -       1        +   1,480
      Total liabilities                           (1,974)      825,264        +   9,985        +  31,291
                          
Capital Accounts
Capital paid in                                                 14,956        +   1,090        +   2,062
Surplus                                                         12,901                0        +   1,537
Other capital accounts                                           1,762        +     271        +     725
      Total capital                                             29,619        +   1,361        +   4,324


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 31, 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             171       58,534   -   7,306            0           0       30,750       24,603
16 days to 90 days          36      164,445   +   1,166            0           0            0            0
91 days to 1 year            0      188,284   +   6,537            0           0     ------      ------
Over 1 to 5 years     ------        213,268   -     384            0           0     ------      ------
Over 5 to 10 years    ------         59,600   +       5            0           0     ------      ------
Over 10 years         ------         78,280   +      15            0           0     ------      ------
                   		 	
All                        207      762,411   +      33            0           0       30,750      24,603

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 31, 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                                             716         34         53         33         71         60         82         78         36         33         58         65        115
Securities, repurchase agreements,
      and loans                              793,368     36,391    312,939     33,102     32,921     63,334     63,834     70,086     24,251     15,540     22,347     34,217     84,407
   Securities held outright                  762,411     36,381    282,189     33,101     32,921     63,334     63,827     70,004     24,223     15,499     22,325     34,216     84,391
      U.S. Treasury (1)                      762,411     36,381    282,189     33,101     32,921     63,334     63,827     70,004     24,223     15,499     22,325     34,216     84,391
         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)                  487,041     23,241    180,267     21,145     21,030     40,459     40,774     44,720     15,474      9,901     14,262     21,858     53,911
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                30,750          0     30,750          0          0          0          0          0          0          0          0          0          0
      Loans                                      207         10          0          1          0          0          7         82         28         40         22          1         16
Items in process of collection                10,386        852        979        427        842        746      1,484        620        405        372        753        938      1,969
Bank premises                                  1,837        113        205         57        156        154        230        208         70        118        100        260        166
Other assets(5)                               37,314      1,155     13,432      1,875      2,213      6,871      2,611      2,619        696        674        679        884      3,604
Interdistrict settlement account                   0    - 1,524    - 4,921    + 2,146    -   301    + 3,410    + 2,338    - 6,203    -   237    +    53    + 1,894    - 2,014    + 5,360
          Total Assets                       856,858     37,622    327,699     38,186     36,452     75,574     71,768     68,567     25,619     17,030     26,220     35,024     97,097

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 31, 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             924,207     38,265    344,465     39,538     36,788     73,756     87,491     74,850     27,552     17,393     27,366     49,124    107,618
  Less: notes held by F.R. Banks              162,177      4,103     47,349      6,716      5,471     12,265     23,582     13,432      3,977      2,304      3,687     17,756     21,536
    Federal Reserve notes, net                762,030     34,163    297,116     32,821     31,317     61,491     63,910     61,418     23,575     15,089     23,678     31,368     86,082
Reverse repurchase agreements (1)              24,603      1,174      9,106      1,068      1,062      2,044      2,060      2,259        782        500        720      1,104      2,723
Deposits                                       26,360        652     11,314        673      1,007      2,669      2,053      2,071        580        336        687        904      3,414
  Depository institutions                      23,395        650      8,455        653      1,004      2,586      2,063      2,068        578        335        685        909      3,410
  U.S. Treasury, general account                2,637          0      2,637          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 86          1         57          2          3         11          3          3          0          1          1          0          4
  Other                                           242          1        166         19          0         72        -13          0          1          0          1         -6          0
Deferred availability cash items                9,358        657        893        849        752        739      1,145        508        186        480        614        980      1,555
Other liabilities and accrued                 
  dividends (2)                                 4,888        239      1,610        254        244        530        413        435        177        124        156        223        485
   
    Total liabilities                         827,238     36,885    320,040     35,665     34,382     67,472     69,581     66,691     25,299     16,530     25,855     34,579     94,259
                              
Capital                    
Capital paid in                                14,956        382      3,671      1,744      1,023      4,012      1,064        902        154        243        174        209      1,379
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   1,762         38        304         32         33        783        230         98         22         13         16         83        110
     Total liabilities and capital            856,858     37,622    327,699     38,186     36,452     75,574     71,768     68,567     25,619     17,030     26,220     35,024     97,097
                              

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 31, 2006
              
Federal Reserve notes outstanding             924,207
   Less: Notes held by F.R. Banks
         not subject to collateralization     162,177
      Federal Reserve Notes to be
         collateralized                       762,030 
Collateral held against Federal Reserve            
   notes                                      762,030
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              748,793
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         793,161
   Less:face value of securities under
         reverse repurchase agreements         24,633
      U.S. Treasury and agency securities
             eligible to be pledged           768,528
   

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.