FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             March 30, 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           Mar 29, 2006 Mar 22, 2006 Mar 30, 2005 Mar 29, 2006
Federal Reserve Banks

Reserve Bank Credit                                         814,099    -   6,726    +  31,786      812,743
 Securities held outright                                   758,513    +   1,272    +  40,981      758,529       
    U.S. Treasury (1)                                       758,513    +   1,272    +  40,981      758,529
       Bills (2)                                            275,370    +   1,228    +  12,365      275,370
       Notes and bonds, nominal (2)                         457,177            0    +  24,081      457,177
       Notes and bonds, inflation-indexed (2)                22,646            0    +   3,538       22,646
       Inflation compensation (3)                             3,320    +      45    +     998        3,336
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    20,750    -   8,143    -   3,893       19,500
 Loans to depository institutions                                91    -     312    +      32          251
    Primary credit                                               36    -     314    +      23          192
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              55    +       3    +       9           58
 Float                                                         -292    +     227    +     237         -695
 Other Federal Reserve assets                                35,036    +     228    -   5,572       35,158
Gold stock                                                   11,044            0    +       3       11,044
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,651    +      14    +     106       36,651
       
Total factors supplying reserve funds                       863,994    -   6,712    +  31,894      862,638
                                                                   
Currency in circulation(5)                                  787,232    -     482    +  34,196      788,785
Reverse repurchase agreements (6)                            22,893    -   2,120    -   1,786       22,419
   Foreign official and international accounts               22,893    -   2,120    -   1,786       22,419
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          204    +       6    -      71          209
Deposits with F.R.Banks, other than reserve balances         13,684    +     159    +      42       12,903       
  U.S. Treasury, general account                              5,400    +     258    +     808        4,619
  Foreign official                                               85    -      87    +       2           84
  Service-related                                             7,981    +       1    -     751        7,981
     Required clearing balances                               7,981    +       1    -     751        7,981
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         219    -      12    -      16          219
Other liabilities and capital                                32,895    -     175    +   5,209       32,482

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  856,909    -   2,610    +  37,591      856,797

Reserve balances with Federal Reserve Banks                   7,085    -   4,102    -   5,697        5,841
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,592,189    +   5,240    + 200,509    1,594,287
     U.S. Treasury                                        1,127,540    +   4,435    +  42,492    1,129,854
     Federal agency                                         464,649    +     805    + 158,017      464,433
  Securities lent to dealers                                    925    -     702    -   2,351        1,107   


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 Mar 29, 2006     Mar 22, 2006     Mar 30, 2005

Assets
Gold certificate account                                        11,040                0        +       3
Special drawing rights certificate account                       2,200                0                0
Coin                                                               789        -       6        +      76
Securities, repurchase agreements, and loans                   778,280        -   4,928        +  28,932
   Securities held outright                                    758,529        +   1,272        +  40,993
      U.S. Treasury (1)                                        758,529        +   1,272        +  40,993       
         Bills (2)                                             275,370        +   1,228        +  12,365
         Notes and bonds, nominal (2)                          457,177                0        +  24,081
         Notes and bonds, inflation-indexed (2)                 22,646                0        +   3,538
         Inflation compensation (3)                              3,336        +      44        +   1,010
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    19,500        -   6,250        -  12,250    
   Loans                                                           251        +      50        +     189
Items in process of collection                      (960)        5,259        +     361        -     270
Bank premises                                                    1,824        -       1        +      18
Other assets (5)                                                37,471        +     271        -   1,260
      Total assets                                  (960)      836,862        -   4,303        +  27,497
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  753,127        +     222        +  33,439
Reverse repurchase agreements (6)                               22,419        -   1,732        -   1,272
Deposits                                              (0)       22,881        -   2,599        -   8,902       
  Depository institutions                                       17,959        -   2,812        -   8,290
  U.S. Treasury, general account                                 4,619        +     205        -     579
  Foreign official                                                  84        +      13        -      18
  Other                                               (0)          219        -       4        -      16
Deferred availability cash items                    (960)        5,953        -     139        -     576
Other liabilities and accrued dividends (7)                      4,647        +      73        +   1,422
      Total liabilities                             (960)      809,027        -   4,175        +  24,111
                          
Capital Accounts
Capital paid in                                                 13,748        +      17        +   1,189
Surplus                                                         12,901                0        +   1,724
Other capital accounts                                           1,186        -     145        +     472
      Total capital                                             27,835        -     128        +   3,386


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,     March 29, 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             251       54,045   -     451            0           0       19,500       22,419
16 days to 90 days           0      167,569   +     467            0           0            0            0
91 days to 1 year            0      186,079   +   1,216            0           0     ------      ------
Over 1 to 5 years     ------        215,479   +      13            0           0     ------      ------
Over 5 to 10 years    ------         55,375   +       7            0           0     ------      ------
Over 10 years         ------         79,982   +      20            0           0     ------      ------
                   		 	
All                        251      758,529   +   1,272            0           0       19,500      22,419

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     March 29, 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                      11,040        510      4,358        432        453        836        945        928        327        212        318        549      1,172
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                             789         38         70         51         64         73         83         93         41         35         64         66        111
Securities, repurchase agreements,
      and loans                              778,280     38,978    320,293     26,908     32,044     57,888     58,684     68,348     23,538     15,850     21,456     37,361     76,932
   Securities held outright                  758,529     38,809    300,783     26,908     32,044     57,888     58,684     68,309     23,538     15,842     21,454     37,359     76,910
      U.S. Treasury (1)                      758,529     38,809    300,783     26,908     32,044     57,888     58,684     68,309     23,538     15,842     21,454     37,359     76,910
         Bills (2)                           275,370     14,089    109,194      9,769     11,633     21,015     21,304     24,798      8,545      5,751      7,789     13,562     27,921
         Notes and bonds(3)                  483,160     24,720    191,590     17,140     20,411     36,873     37,380     43,511     14,993     10,091     13,666     23,796     48,989
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                19,500          0     19,500          0          0          0          0          0          0          0          0          0          0
      Loans                                      251        169         10          0          0          0          0         38          0          7          1          2         22
Items in process of collection                 6,218        636        363        345        554        396        877        263        377        155        440        339      1,475
Bank premises                                  1,824        113        206         55        157        153        232        210         70        119         92        260        159
Other assets(5)                               37,471      1,245     13,982      1,677      2,177      6,562      2,556      2,644        728        689        694      1,000      3,517
Interdistrict settlement account                   0    - 4,380    -25,651    + 6,601    +   583    + 6,145    + 8,772    - 3,210    +   337    -   223    + 2,374    - 4,053    +12,705
          Total Assets                       837,822     37,255    314,495     36,153     36,136     72,201     72,315     69,487     25,489     16,866     25,503     35,619     96,304

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     March 29, 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             912,770     38,700    330,381     39,226     36,830     72,852     87,398     76,315     27,754     17,604     27,418     49,453    108,838
  Less: notes held by F.R. Banks              159,643      4,811     44,894      6,847      5,589     12,845     22,174     12,871      4,075      2,510      4,225     17,117     21,686
    Federal Reserve notes, net                753,127     33,889    285,487     32,379     31,241     60,007     65,225     63,444     23,679     15,095     23,193     32,336     87,152
Reverse repurchase agreements (1)              22,419      1,147      8,890        795        947      1,711      1,734      2,019        696        468        634      1,104      2,273
Deposits                                       22,881        811     10,115        687      1,196      1,733      1,957      1,425        485        336        610        989      2,536
  Depository institutions                      17,959        809      5,276        685      1,192      1,672      1,954      1,422        484        335        608        989      2,532
  U.S. Treasury, general account                4,619          0      4,619          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 84          1         56          2          3         11          3          3          0          1          1          0          4
  Other                                           219          0        164          0          1         50          0          0          0          0          1          0          0
Deferred availability cash items                6,913        490        791        587        493        574        893        372        160        345        549        507      1,154
Other liabilities and accrued                 
  dividends (2)                                 4,647        241      1,621        191        229        457        379        425        168        123        146        230        436
   
    Total liabilities                         809,987     36,578    306,904     34,640     34,106     64,482     70,188     67,684     25,188     16,367     25,132     35,166     93,551
                              
Capital                    
Capital paid in                                13,748        324      3,670        750      1,000      3,946      1,050        877        145        244        178        212      1,353
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   1,186         37        235         19         17        465        184         49         11         10         18         88         52
     Total liabilities and capital            837,822     37,255    314,495     36,153     36,136     72,201     72,315     69,487     25,489     16,866     25,503     35,619     96,304
                              

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
                                          Mar 29, 2006
              
Federal Reserve notes outstanding             912,770
   Less: Notes held by F.R. Banks
         not subject to collateralization     159,643
      Federal Reserve Notes to be
         collateralized                       753,127 
Collateral held against Federal Reserve            
   notes                                      753,127
   Gold certificate account                    11,040
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              739,888
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         778,029
   Less:face value of securities under
         reverse repurchase agreements         22,449
      U.S. Treasury and agency securities
             eligible to be pledged           755,580
   

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.