FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               May 11, 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 10, 2006  May 3, 2006 May 11, 2005 May 10, 2006
Federal Reserve Banks

Reserve Bank Credit                                         824,690    +   1,629    +  41,447      821,796
 Securities held outright                                   759,725    +      31    +  39,128      759,737       
    U.S. Treasury (1)                                       759,725    +      31    +  39,128      759,737
       Bills (2)                                            275,370            0    +  11,292      275,370
       Notes and bonds, nominal (2)                         458,273            0    +  23,359      458,273
       Notes and bonds, inflation-indexed (2)                22,646            0    +   3,538       22,646
       Inflation compensation (3)                             3,436    +      32    +     939        3,448
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    23,500    -   1,571    +   2,464       20,500
 Loans to depository institutions                               174    +      36    +      40          385
    Primary credit                                               40    +      15    +      32          248
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             134    +      21    +       8          137
 Float                                                         -301    +   2,748    +     356         -769
 Other Federal Reserve assets                                41,592    +     385    -     542       41,943
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            37,949    +      14    +   1,404       37,949
       
Total factors supplying reserve funds                       875,880    +   1,643    +  42,851      872,986
                                                                   
Currency in circulation(5)                                  793,733    +   1,943    +  39,217      795,458
Reverse repurchase agreements (6)                            25,976    +   1,605    +     827       24,535
   Foreign official and international accounts               25,976    +   1,605    +     827       24,535
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          178    -       3    -      76          180
Deposits with F.R.Banks, other than reserve balances         12,243    -     210    -   2,234       12,009       
  U.S. Treasury, general account                              5,151    -     215    +     158        4,931
  Foreign official                                               97    -       1    -      26           85
  Service-related                                             6,696    -       1    -   2,328        6,696
     Required clearing balances                               6,696    -       1    -   2,328        6,696
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         299    +       6    -      37          296
Other liabilities and capital                                33,779    +      59    +   4,866       33,428

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  865,908    +   3,392    +  42,599      865,610

Reserve balances with Federal Reserve Banks                   9,972    -   1,749    +     252        7,376
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,621,006    +   9,161    + 221,646    1,623,092
     U.S. Treasury                                        1,124,753    +   5,668    +  50,944    1,125,085
     Federal agency                                         496,253    +   3,493    + 170,702      498,007
  Securities lent to dealers                                  1,008    -     663    -     675        1,438   


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 10, 2006      May 3, 2006     May 11, 2005

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               781        -      22        +     106
Securities, repurchase agreements, and loans                   780,622        -   4,968        +  32,918
   Securities held outright                                    759,737        +      33        +  38,172
      U.S. Treasury (1)                                        759,737        +      33        +  38,172       
         Bills (2)                                             275,370                0        +  11,107
         Notes and bonds, nominal (2)                          458,273                0        +  22,590
         Notes and bonds, inflation-indexed (2)                 22,646                0        +   3,538
         Inflation compensation (3)                              3,448        +      33        +     937
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    20,500        -   5,250        -   5,500    
   Loans                                                           385        +     250        +     247
Items in process of collection                    (1,246)        5,052        -   1,310        -   1,548
Bank premises                                                    1,836        +       1        +      22
Other assets (5)                                                40,018        +     832        -     182
      Total assets                                (1,246)      841,546        -   5,468        +  31,316
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  758,466        +   1,251        +  38,142
Reverse repurchase agreements (6)                               24,535        +      57        -     773
Deposits                                              (0)       19,297        -   5,752        -  10,119       
  Depository institutions                                       13,984        -   5,424        -  10,041
  U.S. Treasury, general account                                 4,931        -     284        -      67
  Foreign official                                                  85        -      31        +       6
  Other                                               (0)          296        -      14        -      19
Deferred availability cash items                  (1,246)        5,820        -   1,289        -     735
Other liabilities and accrued dividends (7)                      4,686        +      40        +   1,352
      Total liabilities                           (1,246)      812,804        -   5,692        +  27,867
                          
Capital Accounts
Capital paid in                                                 13,848        +      23        +   1,077
Surplus                                                         12,901                0        +   1,489
Other capital accounts                                           1,992        +     200        +     882
      Total capital                                             28,742        +     224        +   3,449


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 10, 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             270       66,774   +   1,068            0           0       20,500       24,535
16 days to 90 days         115      164,927   -     199            0           0            0            0
91 days to 1 year            0      176,385   -     866            0           0     ------      ------
Over 1 to 5 years     ------        216,226   +      10            0           0     ------      ------
Over 5 to 10 years    ------         55,392   +       5            0           0     ------      ------
Over 10 years         ------         80,033   +      15            0           0     ------      ------
                   		 	
All                        385      759,737   +      33            0           0       20,500      24,535

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 10, 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                                             781         38         54         40         79         65         82         91         40         38         62         68        124
Securities, repurchase agreements,
      and loans                              780,622     36,258    301,897     32,985     32,805     63,111     63,610     69,824     24,150     15,475     22,261     34,097     84,148
   Securities held outright                  759,737     36,253    281,199     32,985     32,805     63,111     63,603     69,759     24,138     15,445     22,247     34,096     84,095
      U.S. Treasury (1)                      759,737     36,253    281,199     32,985     32,805     63,111     63,603     69,759     24,138     15,445     22,247     34,096     84,095
         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)                  484,367     23,113    179,277     21,029     20,915     40,236     40,550     44,475     15,389      9,847     14,183     21,738     53,615
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                20,500          0     20,500          0          0          0          0          0          0          0          0          0          0
      Loans                                      385          5        198          0          0          0          7         65         12         30         14          1         53
Items in process of collection                 6,298        489        260        568        780        404        731        316        215        246        532        508      1,249
Bank premises                                  1,836        113        205         55        156        153        231        209         69        118        101        258        166
Other assets(5)                               40,018      1,287     14,418      1,898      2,344      7,124      2,861      2,871        808        736        759      1,006      3,905
Interdistrict settlement account                   0    - 1,409    - 1,464    +   175    -   346    + 2,329    + 3,297    - 6,049    -   226    +    20    + 1,806    - 2,037    + 3,906
          Total Assets                       842,792     37,377    320,384     36,268     36,368     74,187     72,001     68,420     25,455     16,873     25,911     34,573     94,974

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 10, 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             918,617     38,447    338,433     39,413     36,863     73,950     86,617     75,375     27,548     17,487     27,448     49,145    107,890
  Less: notes held by F.R. Banks              160,151      4,448     44,381      6,957      5,769     12,492     22,499     13,313      4,075      2,392      3,981     17,676     22,167
    Federal Reserve notes, net                758,466     33,999    294,052     32,456     31,094     61,458     64,119     62,062     23,473     15,095     23,467     31,469     85,723
Reverse repurchase agreements (1)              24,535      1,171      9,081      1,065      1,059      2,038      2,054      2,253        780        499        718      1,101      2,716
Deposits                                       19,297        773      7,280        439      1,240      1,410      2,411      1,439        536        320        636        703      2,110
  Depository institutions                      13,984        770      2,134        437      1,236      1,270      2,408      1,436        535        316        635        702      2,106
  U.S. Treasury, general account                4,931          0      4,931          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 85          1         57          2          3         11          3          3          0          1          1          0          4
  Other                                           296          2        158          0          1        129          0          0          1          3          1          0          0
Deferred availability cash items                7,067        516        706        564        657        619        827        367        169        330        560        630      1,121
Other liabilities and accrued                 
  dividends (2)                                 4,686        230      1,548        221        233        499        398        426        169        124        155        215        468
   
    Total liabilities                         814,050     36,688    312,667     34,745     34,283     66,024     69,808     66,547     25,127     16,367     25,537     34,118     92,138
                              
Capital                    
Capital paid in                                13,848        324      3,670        729      1,015      4,007      1,060        899        149        242        174        209      1,371
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   1,992         48        362         49         57        850        240         98         35         19         25         94        116
     Total liabilities and capital            842,792     37,377    320,384     36,268     36,368     74,187     72,001     68,420     25,455     16,873     25,911     34,573     94,974
                              

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 10, 2006
              
Federal Reserve notes outstanding             918,617
   Less: Notes held by F.R. Banks
         not subject to collateralization     160,151
      Federal Reserve Notes to be
         collateralized                       758,466 
Collateral held against Federal Reserve            
   notes                                      758,466
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              745,229
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         780,237
   Less:face value of securities under
         reverse repurchase agreements         24,565
      U.S. Treasury and agency securities
             eligible to be pledged           755,672
   

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.