FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                         September 28, 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           Sep 27, 2006 Sep 20, 2006 Sep 28, 2005 Sep 27, 2006
Federal Reserve Banks

Reserve Bank Credit                                         825,247    -   3,693    +  24,667      835,347
 Securities held outright                                   768,908    +      21    +  33,181      768,915       
    U.S. Treasury (1)                                       768,908    +      21    +  33,181      768,915
       Bills (2)                                            277,019            0    +   7,720      277,019
       Notes and bonds, nominal (2)                         461,791            0    +  18,251      461,791
       Notes and bonds, inflation-indexed (2)                26,019            0    +   6,036       26,019
       Inflation compensation (3)                             4,080    +      21    +   1,175        4,087
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    16,643    -   2,786    -   8,214       27,500
 Loans to depository institutions                               384    +      29    +      34          366
    Primary credit                                               31    +      20    +      19           11
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             353    +       8    +      14          355
 Float                                                         -661    -   1,502    -   1,012       -1,467
 Other Federal Reserve assets                                39,974    +     546    +     680       40,032
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,138    +      14    +   1,709       38,138
       
Total factors supplying reserve funds                       876,625    -   3,679    +  26,376      886,726
                                                                   
Currency in circulation(5)                                  790,816    -   1,748    +  24,197      792,276
Reverse repurchase agreements (6)                            28,391    +     894    +   3,623       31,466
   Foreign official and international accounts               28,391    +     894    +   3,623       31,466
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          158    -       7    -      94          150
Deposits with F.R.Banks, other than reserve balances         11,607    -   1,859    -   2,329       11,880       
  U.S. Treasury, general account                              4,280    -   1,833    -   1,086        4,585
  Foreign official                                               90    +       1    +       6           91
  Service-related                                             6,968    -       2    -   1,268        6,968
     Required clearing balances                               6,968    -       2    -   1,268        6,968
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         269    -      25    +      20          236
Other liabilities and capital                                36,212    +     273    +   5,150       35,696

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  867,185    -   2,446    +  30,549      871,469

Reserve balances with Federal Reserve Banks                   9,441    -   1,232    -   4,172       15,257
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,661,409    -  12,030    + 197,444    1,666,925
     U.S. Treasury                                        1,119,190    -  13,293    +  32,557    1,123,431
     Federal agency                                         542,219    +   1,263    + 164,887      543,494
  Securities lent to dealers                                  1,110    +     579    -   2,504          431   


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 Sep 27, 2006     Sep 20, 2006     Sep 28, 2005

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               858        +      21        +     150
Securities, repurchase agreements, and loans                   796,782        +  12,524        +  30,097
   Securities held outright                                    768,915        +      20        +  32,833
      U.S. Treasury (1)                                        768,915        +      20        +  32,833       
         Bills (2)                                             277,019                0        +   7,532
         Notes and bonds, nominal (2)                          461,791                0        +  18,094
         Notes and bonds, inflation-indexed (2)                 26,019                0        +   6,036
         Inflation compensation (3)                              4,087        +      20        +   1,173
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    27,500        +  12,500        -   2,750    
   Loans                                                           366        +       3        +      13
Items in process of collection                    (1,061)        3,141        -   1,176        -   3,052
Bank premises                                                    1,889        +       1        +      51
Other assets (5)                                                38,069        +     414        +     572
      Total assets                                (1,061)      853,975        +  11,784        +  27,816
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  755,142        -     528        +  22,572
Reverse repurchase agreements (6)                               31,466        +   2,967        +   7,655
Deposits                                              (0)       27,063        +   9,408        -   5,544       
  Depository institutions                                       22,151        +  10,074        -   5,651
  U.S. Treasury, general account                                 4,585        -     631        +     106
  Foreign official                                                  91        +       6        +       8
  Other                                               (0)          236        -      40        -       7
Deferred availability cash items                  (1,061)        4,607        -      94        -   1,845
Other liabilities and accrued dividends (7)                      5,514        +      69        +   1,685
      Total liabilities                           (1,061)      823,792        +  11,822        +  24,523
                          
Capital Accounts
Capital paid in                                                 15,067        +      10        +   1,761
Surplus                                                         12,901                0        +   1,278
Other capital accounts                                           2,214        -      48        +     253
      Total capital                                             30,182        -      38        +   3,292


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, September 27, 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             349       58,235   -   2,191            0           0       27,500       31,466
16 days to 90 days          17      166,986   +   1,517            0           0            0            0
91 days to 1 year            0      187,242   +     676            0           0     ------      ------
Over 1 to 5 years     ------        214,627   +       6            0           0     ------      ------
Over 5 to 10 years    ------         60,276   +       4            0           0     ------      ------
Over 10 years         ------         81,550   +      10            0           0     ------      ------
                   		 	
All                        366      768,915   +      20            0           0       27,500      31,466

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 September 27, 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                                             858         24         49         55         78         79        112        103         46         31         63         87        130
Securities, repurchase agreements,
      and loans                              796,782     36,702    312,098     33,383     33,202     63,874     64,385     70,719     24,479     15,742     22,570     34,515     85,114
   Securities held outright                  768,915     36,691    284,597     33,383     33,202     63,874     64,371     70,602     24,430     15,632     22,515     34,508     85,111
      U.S. Treasury (1)                      768,915     36,691    284,597     33,383     33,202     63,874     64,371     70,602     24,430     15,632     22,515     34,508     85,111
         Bills (2)                           277,019     13,219    102,532     12,027     11,962     23,012     23,191     25,436      8,801      5,632      8,112     12,432     30,663
         Notes and bonds(3)                  491,897     23,473    182,064     21,356     21,240     40,862     41,180     45,166     15,628     10,000     14,404     22,076     54,448
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                27,500          0     27,500          0          0          0          0          0          0          0          0          0          0
      Loans                                      366         10          1          0          0          0         14        117         49        111         55          7          3
Items in process of collection                 4,202        207        -28        666        286        303        521        204        138         89        426        235      1,155
Bank premises                                  1,889        114        208         57        158        159        230        208         73        117        129        260        176
Other assets(5)                               38,069      1,210     13,767      1,830      2,243      6,851      2,672      2,716        738        695        714        938      3,695
Interdistrict settlement account                   0    - 1,578    -   828    + 1,539    +   458    + 2,185    + 8,242    - 9,516    -   697    -    80    + 1,451    - 2,591    + 1,415
          Total Assets                       855,036     37,279    330,279     38,076     36,975     74,451     77,351     65,593     25,176     16,834     25,743     34,117     93,162

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 September 27, 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             933,436     37,835    347,395     38,981     36,947     73,895     95,216     73,736     27,029     17,141     27,380     50,045    107,837
  Less: notes held by F.R. Banks              178,294      4,283     51,687      7,871      6,325     13,259     25,404     15,056      3,980      2,456      4,172     19,021     24,780
    Federal Reserve notes, net                755,142     33,552    295,708     31,110     30,622     60,636     69,812     58,680     23,049     14,685     23,208     31,024     83,056
Reverse repurchase agreements (1)              31,466      1,502     11,647      1,366      1,359      2,614      2,634      2,889      1,000        640        921      1,412      3,483
Deposits                                       27,063        829     13,274      1,501      1,798      1,976      1,568      1,422        478        566        596        681      2,374
  Depository institutions                      22,151        827      8,456      1,498      1,793      1,905      1,565      1,419        477        565        594        680      2,370
  U.S. Treasury, general account                4,585          0      4,585          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 91          1         62          2          3         11          3          3          0          1          1          0          4
  Other                                           236          0        170          0          2         60          0          0          1          0          1          0          0
Deferred availability cash items                5,669        333        181        956        645        527        652        321        122        298        473        294        867
Other liabilities and accrued                 
  dividends (2)                                 5,514        270      1,846        267        266        558        464        503        198        142        177        261        560
   
    Total liabilities                         824,853     36,486    322,655     35,200     34,690     66,311     75,130     63,815     24,847     16,332     25,375     33,672     90,340
                              
Capital                    
Capital paid in                                15,067        383      3,691      1,692      1,128      4,080      1,084        842        158        244        175        211      1,379
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   2,214         93        248        440        143        752        245         60         27         13         19         81         94
     Total liabilities and capital            855,036     37,279    330,279     38,076     36,975     74,451     77,351     65,593     25,176     16,834     25,743     34,117     93,162
                              

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
                                          Sep 27, 2006
              
Federal Reserve notes outstanding             933,436
   Less: Notes held by F.R. Banks
         not subject to collateralization     178,294
      Federal Reserve Notes to be
         collateralized                       755,142 
Collateral held against Federal Reserve            
   notes                                      755,142
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              741,905
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         796,415
   Less:face value of securities under
         reverse repurchase agreements         31,511
      U.S. Treasury and agency securities
             eligible to be pledged           764,905
   

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.