Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 815,809 - 30 + 35,041 821,538

Securities held outright 751,487 + 862 + 33,642 752,549

U.S. Treasury1 751,487 + 862 + 33,642 752,549

Bills2 274,142 + 711 + 11,137 274,142

Notes and bonds, nominal2 452,009 + 179 + 18,580 453,078

Notes and bonds, inflation-indexed2 22,196 0 + 3,088 22,196

Inflation compensation3 3,141 - 27 + 838 3,133

Federal agency2 0 0 0 0

Repurchase agreements4 27,536 + 3,179 + 3,572 29,000

Loans to depository institutions 45 - 53 + 24 103

Primary credit 5 - 61 0 14

Secondary credit 8 + 8 + 8 59

Seasonal credit 32 0 + 16 30

Float -475 - 1,055 - 156 2,527

Other Federal Reserve assets 37,216 - 2,963 - 2,040 37,358

Gold stock 11,044 0 + 2 11,044

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

Treasury currency outstanding5 36,638 + 14 + 120 36,638

Total factors supplying reserve funds 865,691 - 16 + 35,163 871,419

Currency in circulation5 788,615 + 2,600 + 35,372 788,940

Reverse repurchase agreements6 23,786 + 1,390 - 71 24,510

Foreign official and international accounts 23,786 + 1,390 - 71 24,510

Dealers 0 0 0 0

Treasury cash holdings 191 - 7 - 78 185

Deposits with F.R. Banks, other than reserve balances 13,373 - 672 - 924 12,693

U.S. Treasury, general account 5,005 - 219 - 245 4,334

Foreign official 84 - 7 + 3 88

Service-related 8,015 - 456 - 654 8,015

Required clearing balances 8,015 - 456 - 654 8,015

Adjustments to compensate for float 0 0 0 0

Other 269 + 10 - 27 257

Other liabilities and capital 32,014 + 224 + 4,579 31,739

Total factors, other than reserve balances,

absorbing reserve funds 857,979 + 3,536 + 38,878 858,067

Reserve balances with Federal Reserve Banks 7,712 - 3,552 - 3,715 13,352

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,572,360 + 15,648 + 207,655 1,575,902

U.S. Treasury 1,124,600 + 13,325 + 47,243 1,127,880

Federal agency 447,759 + 2,322 + 160,412 448,023

Securities lent to dealers 2,067 + 732 - 899 4,685

FEDERAL RESERVE statistical release

 February 23, 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

 Feb 22, 2006 Week ended

 Feb 22, 2006 Feb 15, 2006 Feb 23, 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 11,040 0 + 2

Special drawing rights certificate account 2,200 0 0

Coin 841 - 5 + 31

Securities, repurchase agreements, and loans 781,652 + 112 + 38,538

Securities held outright 752,549 + 1,222 + 34,710

U.S. Treasury1 752,549 + 1,222 + 34,710

Bills2 274,142 0 + 11,137

Notes and bonds, nominal2 453,078 + 1,248 + 19,649

Notes and bonds, inflation-indexed2 22,196 0 + 3,088

Inflation compensation3 3,133 - 25 + 836

Federal agency2 0 0 0

Repurchase agreements4 29,000 - 750 + 3,750

Loans 103 - 361 + 79

Items in process of collection (1,824) 10,442 + 4,898 + 787

Bank premises 1,820 0 + 36

Other assets5 35,541 + 336 - 2,130

Total assets (1,824) 843,536 + 5,341 + 37,264

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 753,325 + 1,067 + 34,954

Reverse repurchase agreements6 24,510 + 1,815 + 1,036

Deposits (0) 26,048 + 530 - 2,297

Depository institutions 21,369 + 1,339 - 2,133

U.S. Treasury, general account 4,334 - 791 - 153

Foreign official 88 - 13 + 7

Other (0) 257 - 5 - 18

Deferred availability cash items (1,824) 7,915 + 1,773 - 866

Other liabilities and accrued dividends7 4,326 + 77 + 1,315

Total liabilities (1,824) 816,123 + 5,262 + 34,141

Capital accounts

Capital paid in 13,716 + 1 + 1,208

Surplus 12,901 0 + 1,787

Other capital accounts 796 + 78 + 128

Total capital 27,413 + 79 + 3,123

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Feb 23, 2005

Eliminations from

consolidation Wednesday

 Feb 22, 2006

Wednesday

 Feb 15, 2006

3. Maturity Distribution of Loans and Securities, February 22, 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 103 57,558 - 281 0 0 29,000 24,510

16 days to 90 days 0 166,743 + 249 0 0 0 0

91 days to 1 year 0 180,550 + 30 0 0 . . . . . . 

Over 1 year to 5 years . . . 213,888 + 1,240 0 0 . . . . . . 

Over 5 years to 10 years . . . 54,931 + 1,875 0 0 . . . . . . 

Over 10 years . . . 78,879 - 1,890 0 0 . . . . . . 

All 103 752,549 + 1,222 0 0 29,000 24,510

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 22, 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.

 11,040 2,200 841 781,652 752,549 752,549 274,142 478,407 0 29,000 103 12,267 1,820 35,541 0 845,361

Assets, liabilities, and capital

 4,358 874 70 327,471 298,412 298,412 108,707 189,705 0 29,000 59 746 206 13,243 -38,318 308,651

 510 115 37 38,511 38,503 38,503 14,026 24,477 0 0 8 554 112 1,155 - 3,146 37,848

 432 83 48 26,696 26,696 26,696 9,725 16,971 0 0 0 653 53 1,579 + 5,762 35,306

 453 104 66 31,791 31,791 31,791 11,581 20,210 0 0 0 1,775 157 2,097 + 245 36,689

 836 147 83 57,432 57,432 57,432 20,922 36,510 0 0 0 584 152 6,388 +11,426 77,049

 945 166 107 58,221 58,221 58,221 21,209 37,012 0 0 0 2,882 232 2,395 +10,073 75,021

 928 212 98 67,786 67,771 67,771 24,688 43,083 0 0 15 768 211 2,469 - 1,587 70,885

 327 71 49 23,352 23,352 23,352 8,507 14,845 0 0 0 401 70 685 + 1,336 26,292

 2   15,7 15,7 15,7 5,7 9,9    4 1 6 - 2 16,8
 910,875

 157,550 753,325 753,325 11,040 2,200 740,085 0 781,549 24,540 757,009

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.

 910,875 157,550 753,325 24,510 26,048 21,369 4,334 88 257 9,739 4,326 817,948 13,716 12,901 796 845,361

 38,936 4,955 33,981 1,254 802 793 0 1 7 904 231 37,172 323 317 35 37,848

 325,775 46,778 278,997 9,719 9,701 5,135 4,334 59 173 1,096 1,516 301,029 3,693 3,685 243 308,651

 38,427 7,053 31,374 869 541 539 0 2 0 830 176 33,790 750 744 22 35,306

 36,800 5,166 31,634 1,035 992 987 0 3 1 769 208 34,639 1,014 1,013 22 36,689

 72,862 11,933 60,929 1,871 5,575 5,493 0 11 71 814 392 69,580 3,946 3,307 216 77,049

 88,232 20,753 67,479 1,896 2,136 2,133 0 3 0 1,139 360 73,011 1,035 892 82 75,021

 77,016 12,503 64,512 2,207 1,294 1,290 0 3 1 659 402 69,074 884 876 50 70,885

 27,805 3,643 24,162 761 523 520 0 0 2 382 158 25,986 144 144 18 26,292

 17,6 2,7 14,9 5 3 3    4 1 16,3 2 2  16,8

H.4.14. Statement of Condition of Each Federal Reserve Bank on February 22, 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

 Feb 22, 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.