Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 813,647 + 928 + 29,518 814,965

Securities held outright 744,175 - 131 + 28,557 744,179

U.S. Treasury1 744,175 - 131 + 28,557 744,179

Bills2 271,270 0 + 8,541 271,270

Notes and bonds, nominal2 449,595 - 162 + 14,608 449,595

Notes and bonds, inflation-indexed2 19,983 0 + 4,300 19,983

Inflation compensation3 3,326 + 31 + 1,108 3,330

Federal agency2 0 0 0 0

Repurchase agreements4 30,893 + 1,072 + 2,822 32,000

Loans to depository institutions 86 - 17 + 31 119

Primary credit 17 + 11 + 14 51

Secondary credit 0 0 0 0

Seasonal credit 69 - 28 + 18 68

Float 969 + 50 + 828 999

Other Federal Reserve assets 37,524 - 45 - 2,720 37,669

Gold stock 11,041 0 - 2 11,041

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

Treasury currency outstanding5 36,499 + 14 + 64 36,499

Total factors supplying reserve funds 863,386 + 942 + 29,579 864,705

Currency in circulation5 778,066 - 2,489 + 26,648 779,104

Reverse repurchase agreements6 28,800 + 3,018 + 407 27,792

Foreign official and international accounts 28,800 + 3,018 + 407 27,792

Dealers 0 0 0 0

Treasury cash holdings 204 0 - 58 199

Deposits with F.R. Banks, other than reserve balances 14,040 - 172 - 1,390 14,171

U.S. Treasury, general account 4,932 - 158 - 54 5,076

Foreign official 82 - 1 - 62 81

Service-related 8,734 - 20 - 1,289 8,734

Required clearing balances 8,734 - 20 - 1,289 8,734

Adjustments to compensate for float 0 0 0 0

Other 293 + 9 + 15 281

Other liabilities and capital 32,125 - 190 + 6,408 31,933

Total factors, other than reserve balances,

absorbing reserve funds 853,235 + 167 + 32,014 853,199

Reserve balances with Federal Reserve Banks 10,151 + 775 - 2,435 11,506

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,511,374 + 7,419 + 182,102 1,512,011

U.S. Treasury 1,105,368 + 5,250 + 41,858 1,105,026

Federal agency 406,006 + 2,169 + 140,245 406,985

Securities lent to dealers 3,336 + 381 + 572 3,377

FEDERAL RESERVE statistical release

 December 8, 2005

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

 Dec 7, 2005 Week ended

 Dec 7, 2005 Nov 30, 2005 Dec 8, 2004
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 - 2

Special drawing rights certificate account 2,200 0 0

Coin 695 + 11 - 15

Securities, repurchase agreements, and loans 776,298 - 3,206 + 28,674

Securities held outright 744,179 + 11 + 27,107

U.S. Treasury1 744,179 + 11 + 27,107

Bills2 271,270 0 + 8,537

Notes and bonds, nominal2 449,595 0 + 13,166

Notes and bonds, inflation-indexed2 19,983 0 + 4,300

Inflation compensation3 3,330 + 11 + 1,104

Federal agency2 0 0 0

Repurchase agreements4 32,000 - 3,250 + 1,500

Loans 119 + 33 + 66

Items in process of collection (1,076) 8,103 + 1,127 - 206

Bank premises 1,849 + 3 + 93

Other assets5 35,768 + 263 - 2,607

Total assets (1,076) 835,951 - 1,801 + 25,938

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 743,496 - 1,071 + 26,329

Reverse repurchase agreements6 27,792 - 2,263 - 379

Deposits (0) 25,626 + 452 - 6,774

Depository institutions 20,188 - 16 - 7,040

U.S. Treasury, general account 5,076 + 442 + 245

Foreign official 81 - 1 + 4

Other (0) 281 + 26 + 16

Deferred availability cash items (1,076) 7,105 + 1,014 + 178

Other liabilities and accrued dividends7 4,335 + 104 + 1,217

Total liabilities (1,076) 808,352 - 1,766 + 20,568

Capital accounts

Capital paid in 13,523 + 22 + 1,912

Surplus 11,630 0 + 2,783

Other capital accounts 2,446 - 57 + 675

Total capital 27,599 - 35 + 5,370

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Dec 8, 2004

Eliminations from

consolidation Wednesday

 Dec 7, 2005

Wednesday

 Nov 30, 2005

3. Maturity Distribution of Loans and Securities, December 7, 2005

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 60 48,431 - 342 0 0 32,000 27,792

16 days to 90 days 59 164,342 + 579 0 0 0 0

91 days to 1 year 0 186,784 - 236 0 0 . . . . . . 

Over 1 year to 5 years . . . 210,730 + 4 0 0 . . . . . . 

Over 5 years to 10 years . . . 56,692 + 2 0 0 . . . . . . 

Over 10 years . . . 77,199 + 5 0 0 . . . . . . 

All 119 744,179 + 11 0 0 32,000 27,792

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on December 7, 2005Millions 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 2,200 695 776,298 744,179 744,179 271,270 472,908 0 32,000 119 9,179 1,849 35,768 0 837,027

Assets, liabilities, and capital

 4,355 874 49 327,142 295,093 295,093 107,568 187,525 0 32,000 49 616 204 13,607 -30,673 316,173

 510 115 29 38,074 38,074 38,074 13,879 24,195 0 0 0 426 108 3,086 - 3,010 39,339

 432 83 42 26,399 26,399 26,399 9,623 16,776 0 0 0 436 53 1,082 + 6,370 34,896

 453 104 57 31,438 31,438 31,438 11,460 19,978 0 0 0 792 158 2,335 + 832 36,169

 836 147 61 56,793 56,793 56,793 20,702 36,091 0 0 0 702 144 4,599 + 7,462 70,744

 945 166 95 57,584 57,574 57,574 20,987 36,587 0 0 10 1,769 271 2,002 + 4,175 67,007

 928 212 75 67,035 67,017 67,017 24,429 42,588 0 0 18 244 212 2,466 + 1,357 72,528

 327 71 33 23,100 23,093 23,093 8,418 14,675 0 0 8 319 69 851 + 7 24,777

 2   15,5 15,5 15,5 5,6 9,8    2 1 7 -  16,8
 902,011

 158,515 743,496 743,496 11,037 2,200 730,259 0 776,179 27,826 748,353

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.

 902,011 158,515 743,496 27,792 25,626 20,188 5,076 81 281 8,180 4,335 809,428 13,523 11,630 2,446 837,027

 39,398 4,915 34,483 1,422 836 829 0 5 2 701 220 37,662 316 1,353 9 39,339

 329,069 44,640 284,429 11,020 10,692 5,399 5,076 53 165 1,005 1,474 308,621 3,684 3,430 439 316,173

 37,535 6,631 30,904 986 807 806 0 1 0 635 176 33,507 744 294 351 34,896

 36,598 5,580 31,018 1,174 1,027 1,023 0 4 0 646 220 34,085 1,010 1,065 9 36,169

 69,461 12,603 56,859 2,121 3,678 3,568 0 7 102 575 502 63,735 3,942 2,148 918 70,744

 81,305 21,548 59,757 2,150 2,005 2,002 0 2 1 938 344 65,193 890 516 408 67,007

 76,732 11,109 65,624 2,503 1,858 1,855 0 3 0 379 383 70,747 876 763 142 72,528

 26,299 3,580 22,718 862 476 466 0 1 9 174 153 24,384 143 236 14 24,777

 17,7 2,7 14,9 5 2 2    4 1 16,3 2 2  16,8

H.4.14. Statement of Condition of Each Federal Reserve Bank on December 7, 2005 (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

 Dec 7, 2005

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.