Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 830,710 + 865 + 34,444 834,432

Securities held outright 765,788 - 616 + 41,079 764,731

U.S. Treasury1 765,788 - 616 + 41,079 764,731

Bills2 275,841 + 471 + 10,826 277,019

Notes and bonds, nominal2 462,214 - 2,366 + 24,840 459,061

Notes and bonds, inflation-indexed2 23,876 + 1,230 + 4,343 24,783

Inflation compensation3 3,857 + 49 + 1,070 3,869

Federal agency2 0 0 0 0

Repurchase agreements4 24,286 + 3,143 - 7,357 29,000

Loans to depository institutions 328 + 29 - 39 343

Primary credit 16 + 5 - 112 23

Secondary credit 0 0 0 0

Seasonal credit 313 + 24 + 74 321

Float -625 - 1,606 - 78 -326

Other Federal Reserve assets 40,933 - 86 + 838 40,683

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,090 + 14 + 1,568 38,090

Total factors supplying reserve funds 882,040 + 878 + 36,010 885,762

Currency in circulation5 794,655 - 3,711 + 32,310 794,639

Reverse repurchase agreements6 29,439 + 1,120 + 2,808 29,587

Foreign official and international accounts 29,439 + 1,120 + 2,808 29,587

Dealers 0 0 0 0

Treasury cash holdings 162 - 5 - 74 160

Deposits with F.R. Banks, other than reserve balances 12,513 - 236 - 2,339 12,870

U.S. Treasury, general account 4,915 - 271 - 508 5,272

Foreign official 90 - 5 - 29 88

Service-related 7,216 - 1 - 1,788 7,216

Required clearing balances 7,216 - 1 - 1,788 7,216

Adjustments to compensate for float 0 0 0 0

Other 292 + 41 - 15 294

Other liabilities and capital 34,808 - 411 + 4,938 34,368

Total factors, other than reserve balances,

absorbing reserve funds 871,577 - 3,244 + 37,642 871,625

Reserve balances with Federal Reserve Banks 10,463 + 4,122 - 1,631 14,137

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,633,534 + 979 + 187,503 1,636,295

U.S. Treasury 1,111,987 - 1,304 + 19,901 1,111,052

Federal agency 521,546 + 2,282 + 167,601 525,243

Securities lent to dealers 1,621 - 1,379 + 392 2,214

FEDERAL RESERVE statistical release

 July 20, 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

 Jul 19, 2006 Week ended

 Jul 19, 2006 Jul 12, 2006 Jul 20, 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 736 + 25 + 116

Securities, repurchase agreements, and loans 794,075 + 6,555 + 34,628

Securities held outright 764,731 - 1,683 + 40,024

U.S. Treasury1 764,731 - 1,683 + 40,024

Bills2 277,019 + 1,649 + 12,004

Notes and bonds, nominal2 459,061 - 5,519 + 21,687

Notes and bonds, inflation-indexed2 24,783 + 2,137 + 5,250

Inflation compensation3 3,869 + 50 + 1,084

Federal agency2 0 0 0

Repurchase agreements4 29,000 + 8,250 - 4,750

Loans 343 - 12 - 647

Items in process of collection (1,103) 4,928 - 631 - 478

Bank premises 1,860 + 2 + 38

Other assets5 38,610 - 391 + 318

Total assets (1,103) 853,445 + 5,559 + 34,622

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 757,441 - 3,211 + 30,627

Reverse repurchase agreements6 29,587 + 1,049 + 1,391

Deposits (0) 26,795 + 8,137 - 1,110

Depository institutions 21,141 + 7,872 - 1,512

U.S. Treasury, general account 5,272 + 248 + 612

Foreign official 88 - 1 - 195

Other (0) 294 + 17 - 15

Deferred availability cash items (1,103) 5,254 - 218 - 1,087

Other liabilities and accrued dividends7 4,816 + 27 + 1,565

Total liabilities (1,103) 823,893 + 5,783 + 31,386

Capital accounts

Capital paid in 14,986 + 9 + 1,601

Surplus 12,901 0 + 1,417

Other capital accounts 1,665 - 233 + 217

Total capital 29,552 - 224 + 3,236

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jul 20, 2005

Eliminations from

consolidation Wednesday

 Jul 19, 2006

Wednesday

 Jul 12, 2006

3. Maturity Distribution of Loans and Securities, July 19, 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 323 62,077 + 3,616 0 0 29,000 29,587

16 days to 90 days 20 170,021 - 4,796 0 0 0 0

91 days to 1 year 0 174,965 - 1,712 0 0 . . . . . . 

Over 1 year to 5 years . . . 217,908 + 576 0 0 . . . . . . 

Over 5 years to 10 years . . . 61,341 + 619 0 0 . . . . . . 

Over 10 years . . . 78,419 + 13 0 0 . . . . . . 

All 343 764,731 - 1,683 0 0 29,000 29,587

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on July 19, 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 2,200 736 794,075 764,731 764,731 277,019 487,713 0 29,000 343 6,030 1,860 38,610 0 854,548

Assets, liabilities, and capital

 4,139 874 37 312,048 283,048 283,048 102,532 180,516 0 29,000 0 519 206 13,980 + 481 332,284

 486 115 29 36,494 36,492 36,492 13,219 23,273 0 0 3 350 113 1,238 - 96 38,729

 463 83 32 33,202 33,201 33,201 12,027 21,174 0 0 1 305 57 1,828 + 1,653 37,622

 446 104 73 33,021 33,021 33,021 11,962 21,059 0 0 0 537 157 2,263 - 537 36,065

 853 147 66 63,536 63,526 63,526 23,012 40,514 0 0 10 572 156 6,890 + 2,176 74,396

 1,023 166 95 64,031 64,021 64,021 23,191 40,830 0 0 10 521 231 2,707 + 3,329 72,103

 947 212 87 70,311 70,218 70,218 25,436 44,782 0 0 94 332 208 2,752 - 7,619 67,230

 328 71 38 24,346 24,297 24,297 8,801 15,495 0 0 49 263 70 769 - 482 25,402

 2   15,6 15,5 15,5 5,6 9,9   1 2 1 7 - 2 16,7
 930,478

 173,037 757,441 757,441 11,037 2,200 744,204 0 793,731 29,630 764,101

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.

 930,478 173,037 757,441 29,587 26,795 21,141 5,272 88 294 6,357 4,816 824,996 14,986 12,901 1,665 854,548

 38,194 3,687 34,506 1,412 1,307 1,303 0 1 3 472 243 37,940 382 317 90 38,729

 349,321 50,882 298,440 10,951 13,050 7,547 5,272 60 172 666 1,622 324,729 3,675 3,685 195 332,284

 39,818 7,701 32,117 1,285 817 815 0 2 0 511 223 34,952 1,744 744 182 37,622

 37,097 6,341 30,755 1,278 1,276 1,271 0 3 2 469 231 34,009 1,025 1,013 18 36,065

 73,172 13,569 59,603 2,458 3,266 3,143 0 11 112 611 448 66,386 4,014 3,307 688 74,396

 91,477 26,785 64,692 2,477 1,658 1,655 0 3 0 687 415 69,929 1,069 892 212 72,103

 74,094 13,782 60,312 2,717 1,570 1,567 0 3 0 316 446 65,361 916 876 76 67,230

 27,296 4,037 23,260 940 531 528 0 0 3 164 180 25,075 155 144 27 25,402

 17,2 2,2 14,9 6 2 2    3 1 16,2 2 2  16,7

H.4.14. Statement of Condition of Each Federal Reserve Bank on July 19, 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

 Jul 19, 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.