Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 828,940 + 2,444 + 28,528 823,499

Securities held outright 768,887 + 1,596 + 35,524 768,895

U.S. Treasury1 768,887 + 1,596 + 35,524 768,895

Bills2 277,019 0 + 9,113 277,019

Notes and bonds, nominal2 461,791 + 1,575 + 19,198 461,791

Notes and bonds, inflation-indexed2 26,019 0 + 6,036 26,019

Inflation compensation3 4,059 + 21 + 1,179 4,067

Federal agency2 0 0 0 0

Repurchase agreements4 19,429 + 1,179 - 8,185 15,000

Loans to depository institutions 355 - 229 + 33 363

Primary credit 11 - 233 + 10 11

Secondary credit 0 0 0 0

Seasonal credit 345 + 5 + 24 352

Float 842 - 411 + 843 -384

Other Federal Reserve assets 39,428 + 311 + 314 39,625

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,124 + 14 + 1,695 38,124

Total factors supplying reserve funds 880,305 + 2,459 + 30,223 874,863

Currency in circulation5 792,564 - 3,637 + 25,487 792,802

Reverse repurchase agreements6 27,497 + 408 + 2,962 28,499

Foreign official and international accounts 27,497 + 408 + 2,962 28,499

Dealers 0 0 0 0

Treasury cash holdings 165 - 11 - 87 160

Deposits with F.R. Banks, other than reserve balances 13,466 + 1,572 - 1,412 12,547

U.S. Treasury, general account 6,113 + 1,364 - 206 5,216

Foreign official 89 - 6 + 7 85

Service-related 6,970 + 182 - 1,267 6,970

Required clearing balances 6,970 + 182 - 1,267 6,970

Adjustments to compensate for float 0 0 0 0

Other 294 + 32 + 54 276

Other liabilities and capital 35,939 + 95 + 4,958 35,666

Total factors, other than reserve balances,

absorbing reserve funds 869,631 - 1,571 + 31,907 869,673

Reserve balances with Federal Reserve Banks 10,673 + 4,029 - 1,685 5,190

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,673,439 - 8,691 + 217,099 1,668,440

U.S. Treasury 1,132,483 - 15,166 + 50,391 1,127,801

Federal agency 540,956 + 6,475 + 166,708 540,639

Securities lent to dealers 531 - 3,365 - 5,005 0

FEDERAL RESERVE statistical release

 September 21, 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

 Sep 20, 2006 Week ended

 Sep 20, 2006 Sep 13, 2006 Sep 21, 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 837 + 28 + 137

Securities, repurchase agreements, and loans 784,258 - 2,639 + 30,290

Securities held outright 768,895 + 21 + 35,507

U.S. Treasury1 768,895 + 21 + 35,507

Bills2 277,019 0 + 9,097

Notes and bonds, nominal2 461,791 0 + 19,198

Notes and bonds, inflation-indexed2 26,019 0 + 6,036

Inflation compensation3 4,067 + 21 + 1,178

Federal agency2 0 0 0

Repurchase agreements4 15,000 - 1,000 - 5,250

Loans 363 - 1,660 + 33

Items in process of collection (1,164) 4,317 - 421 - 3,611

Bank premises 1,888 + 2 + 49

Other assets5 37,655 + 344 + 60

Total assets (1,164) 842,191 - 2,687 + 26,925

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 755,670 - 2,872 + 23,776

Reverse repurchase agreements6 28,499 + 1,576 + 4,508

Deposits (0) 17,655 - 1,507 - 4,054

Depository institutions 12,077 - 2,035 - 3,590

U.S. Treasury, general account 5,216 + 526 - 502

Foreign official 85 - 8 + 2

Other (0) 276 + 10 + 36

Deferred availability cash items (1,164) 4,701 - 4 - 2,193

Other liabilities and accrued dividends7 5,445 - 19 + 1,700

Total liabilities (1,164) 811,970 - 2,825 + 23,737

Capital accounts

Capital paid in 15,057 - 11 + 1,755

Surplus 12,901 0 + 1,271

Other capital accounts 2,262 + 148 + 160

Total capital 30,220 + 137 + 3,186

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Sep 21, 2005

Eliminations from

consolidation Wednesday

 Sep 20, 2006

Wednesday

 Sep 13, 2006

3. Maturity Distribution of Loans and Securities, September 20, 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 346 60,426 + 6,355 0 0 15,000 28,499

16 days to 90 days 17 165,469 - 7,057 0 0 0 0

91 days to 1 year 0 186,566 + 703 0 0 . . . . . . 

Over 1 year to 5 years . . . 214,621 + 6 0 0 . . . . . . 

Over 5 years to 10 years . . . 60,272 + 3 0 0 . . . . . . 

Over 10 years . . . 81,540 + 9 0 0 . . . . . . 

All 363 768,895 + 21 0 0 15,000 28,499

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on September 20, 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 2,200 837 784,258 768,895 768,895 277,019 491,876 0 15,000 363 5,481 1,888 37,655 0 843,355

Assets, liabilities, and capital

 4,139 874 51 299,589 284,589 284,589 102,532 182,057 0 15,000 0 78 208 13,623 + 6,274 324,836

 486 115 25 36,700 36,690 36,690 13,219 23,472 0 0 10 253 113 1,188 - 1,414 37,466

 463 83 50 33,382 33,382 33,382 12,027 21,355 0 0 0 1,305 57 1,812 + 15 37,167

 446 104 77 33,201 33,201 33,201 11,962 21,239 0 0 0 474 157 2,225 - 1,013 35,671

 853 147 78 63,873 63,872 63,872 23,012 40,860 0 0 1 357 160 6,831 + 2,015 74,315

 1,023 166 110 64,384 64,369 64,369 23,191 41,178 0 0 14 442 231 2,627 + 7,282 76,265

 947 212 104 70,702 70,600 70,600 25,436 45,164 0 0 103 107 208 2,664 -10,325 64,619

 328 71 42 24,485 24,429 24,429 8,801 15,628 0 0 56 198 72 726 - 714 25,209

 2   15,7 15,6 15,6 5,6 10,0   1 2 1 6 - 5 16,5
 932,908

 177,238 755,670 755,670 11,037 2,200 742,433 0 783,895 28,539 755,356

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.

 932,908 177,238 755,670 28,499 17,655 12,077 5,216 85 276 5,865 5,445 813,134 15,057 12,901 2,262 843,355

 38,064 4,062 34,001 1,360 662 660 0 1 1 383 265 36,671 383 317 96 37,466

 348,125 50,907 297,217 10,548 7,483 2,038 5,216 56 173 108 1,834 317,191 3,691 3,685 270 324,836

 39,119 7,760 31,360 1,237 453 450 0 2 0 948 261 34,258 1,749 744 415 37,167

 37,020 6,491 30,529 1,231 791 785 0 3 3 573 264 33,388 1,128 1,013 142 35,671

 74,127 13,320 60,807 2,367 1,993 1,917 0 11 65 522 535 66,224 4,019 3,307 764 74,315

 94,478 25,476 69,002 2,386 1,571 1,566 0 3 2 618 462 74,040 1,084 892 248 76,265

 73,419 14,892 58,527 2,617 916 913 0 3 0 287 495 62,842 842 876 60 64,619

 27,125 4,035 23,090 905 484 454 0 0 30 192 197 24,868 158 144 39 25,209

 17,2 2,4 14,7 5 2 2    3 1 16,0 2 2  16,5

H.4.14. Statement of Condition of Each Federal Reserve Bank on September 20, 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

 Sep 20, 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.