FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            August 24, 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           Aug 23, 2006 Aug 16, 2006 Aug 24, 2005 Aug 23, 2006
Federal Reserve Banks

Reserve Bank Credit                                         825,027    -   4,209    +  33,601      823,337
 Securities held outright                                   764,850    +      13    +  36,297      764,855       
    U.S. Treasury (1)                                       764,850    +      13    +  36,297      764,855
       Bills (2)                                            277,019            0    +   9,690      277,019
       Notes and bonds, nominal (2)                         457,826            0    +  18,921      457,826
       Notes and bonds, inflation-indexed (2)                26,019            0    +   6,486       26,019
       Inflation compensation (3)                             3,987    +      13    +   1,202        3,992
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    21,536    -   1,893    -   3,571       19,750
 Loans to depository institutions                               348    +       1    +      15          367
    Primary credit                                                7    -       1    -       9           10
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             341    +       2    +      24          357
 Float                                                         -274    +      82    +     261         -320
 Other Federal Reserve assets                                38,567    -   2,413    +     598       38,685
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,088    +      14    +   1,659       38,088
       
Total factors supplying reserve funds                       876,356    -   4,195    +  35,260      874,666
                                                                   
Currency in circulation(5)                                  793,326    -   1,140    +  30,569      793,914
Reverse repurchase agreements (6)                            27,503    -   1,390    +   3,466       26,553
   Foreign official and international accounts               27,503    -   1,390    +   3,466       26,553
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          159    -       1    -      94          170
Deposits with F.R.Banks, other than reserve balances         12,708    +     387    -   1,597       12,333       
  U.S. Treasury, general account                              4,997    +     250    -     184        4,943
  Foreign official                                               89            0    +       2           90
  Service-related                                             6,982    -     219    -   1,739        6,982
     Required clearing balances                               6,982    -     219    -   1,739        6,982
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         640    +     355    +     324          318
Other liabilities and capital                                35,597    +     216    +   4,810       35,210

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  869,294    -   1,926    +  37,156      868,181

Reserve balances with Federal Reserve Banks                   7,062    -   2,269    -   1,896        6,485
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,670,373    +   3,165    + 204,571    1,676,125
     U.S. Treasury                                        1,139,087    +   1,223    +  42,910    1,142,527
     Federal agency                                         531,286    +   1,942    + 161,661      533,598
  Securities lent to dealers                                  1,228    -   1,250    -     589        1,465   


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 Aug 23, 2006     Aug 16, 2006     Aug 24, 2005

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               776        +       7        +     126
Securities, repurchase agreements, and loans                   784,972        -   5,481        +  29,047
   Securities held outright                                    764,855        +      13        +  35,276
      U.S. Treasury (1)                                        764,855        +      13        +  35,276       
         Bills (2)                                             277,019                0        +   9,511
         Notes and bonds, nominal (2)                          457,826                0        +  18,074
         Notes and bonds, inflation-indexed (2)                 26,019                0        +   6,486
         Inflation compensation (3)                              3,992        +      13        +   1,206
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    19,750        -   5,500        -   6,250    
   Loans                                                           367        +       6        +      21
Items in process of collection                      (970)        4,260        +     247        -   1,228
Bank premises                                                    1,877        +       7        +      45
Other assets (5)                                                36,714        +     343        +     319
      Total assets                                  (970)      841,837        -   4,876        +  28,310
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  756,769        -   1,558        +  28,839
Reverse repurchase agreements (6)                               26,553        -     956        +   2,439
Deposits                                              (0)       18,725        -   2,197        -   6,323       
  Depository institutions                                       13,373        -   2,740        -   6,696
  U.S. Treasury, general account                                 4,943        +     500        +     340
  Foreign official                                                  90        +       2        +      10
  Other                                               (0)          318        +      41        +      22
Deferred availability cash items                    (970)        4,580        -     225        -   1,246
Other liabilities and accrued dividends (7)                      5,252        +      72        +   1,684
      Total liabilities                             (970)      811,878        -   4,865        +  25,391
                          
Capital Accounts
Capital paid in                                                 15,047        +      17        +   1,606
Surplus                                                         12,901                0        +   1,271
Other capital accounts                                           2,011        -      28        +      42
      Total capital                                             29,959        -      11        +   2,919


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,    August 23, 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             325       63,576   +     673            0           0       19,750       26,553
16 days to 90 days          42      165,659   +   6,656            0           0            0            0
91 days to 1 year            0      183,512   -   7,327            0           0     ------      ------
Over 1 to 5 years     ------        211,118   +       3            0           0     ------      ------
Over 5 to 10 years    ------         59,710   +   1,559            0           0     ------      ------
Over 10 years         ------         81,279   -   1,551            0           0     ------      ------
                   		 	
All                        367      764,855   +      13            0           0       19,750      26,553

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    August 23, 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                                             776         24         45         39         72         73        105         95         39         30         56         80        118
Securities, repurchase agreements,
      and loans                              784,972     36,498    302,844     33,207     33,026     63,538     64,045     70,318     24,367     15,670     22,445     34,332     84,682
   Securities held outright                  764,855     36,498    283,094     33,207     33,026     63,537     64,031     70,229     24,301     15,549     22,397     34,326     84,662
      U.S. Treasury (1)                      764,855     36,498    283,094     33,207     33,026     63,537     64,031     70,229     24,301     15,549     22,397     34,326     84,662
         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)                  487,836     23,279    180,562     21,180     21,065     40,525     40,840     44,793     15,499      9,917     14,285     21,894     53,999
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                19,750          0     19,750          0          0          0          0          0          0          0          0          0          0
      Loans                                      367          0          0          0          0          1         14         89         67        121         48          6         20
Items in process of collection                 5,230        252        143        931        340        318        578        229        167        254        485        345      1,189
Bank premises                                  1,877        113        207         57        157        157        231        209         73        117        122        259        175
Other assets(5)                               36,714      1,141     13,260      1,749      2,199      6,781      2,552      2,569        712        670        670        873      3,538
Interdistrict settlement account                   0    - 1,075    + 3,799    +   709    -   373    + 2,523    + 5,487    - 9,809    -   816    -   374    + 1,357    - 1,696    +   266
          Total Assets                       842,807     37,554    325,310     37,238     35,971     74,390     74,187     64,769     24,942     16,607     25,526     34,866     91,444

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    August 23, 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             931,760     38,016    349,122     39,357     37,162     73,354     93,593     73,287     27,142     17,146     27,254     50,170    106,158
  Less: notes held by F.R. Banks              174,991      3,852     50,028      7,601      6,352     13,361     26,489     14,698      4,161      2,374      4,050     18,259     23,765
    Federal Reserve notes, net                756,769     34,164    299,094     31,756     30,810     59,993     67,104     58,589     22,981     14,772     23,203     31,911     82,393
Reverse repurchase agreements (1)              26,553      1,267      9,828      1,153      1,147      2,206      2,223      2,438        844        540        778      1,192      2,939
Deposits                                       18,725        686      6,914        471        923      3,180      1,518      1,230        475        272        511        767      1,777
  Depository institutions                      13,373        680      1,734        469        916      3,041      1,514      1,227        472        271        510        767      1,772
  U.S. Treasury, general account                4,943          0      4,943          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 90          1         61          2          3         11          3          3          0          1          1          0          4
  Other                                           318          5        176          0          4        129          0          0          2          0          1          0          0
Deferred availability cash items                5,550        383        100        800        571        459        704        267        124        388        497        289        970
Other liabilities and accrued                 
  dividends (2)                                 5,252        261      1,778        247        253        499        449        482        192        138        172        247        534
   
    Total liabilities                         812,848     36,761    317,715     34,427     33,703     66,337     71,997     63,006     24,615     16,109     25,161     34,406     88,612
                              
Capital                    
Capital paid in                                15,047        383      3,688      1,745      1,126      4,017      1,072        841        155        243        174        214      1,387
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   2,011         94        222        322        128        728        225         46         29         10         16         94         96
     Total liabilities and capital            842,807     37,554    325,310     37,238     35,971     74,390     74,187     64,769     24,942     16,607     25,526     34,866     91,444
                              

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
                                          Aug 23, 2006
              
Federal Reserve notes outstanding             931,760
   Less: Notes held by F.R. Banks
         not subject to collateralization     174,991
      Federal Reserve Notes to be
         collateralized                       756,769 
Collateral held against Federal Reserve            
   notes                                      756,769
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              743,532
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         784,605
   Less:face value of securities under
         reverse repurchase agreements         26,591
      U.S. Treasury and agency securities
             eligible to be pledged           758,014
   

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.