Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 825,247 - 3,693 + 24,667 835,347

Securities held outright 768,908 + 21 + 33,181 768,915

U.S. Treasury1 768,908 + 21 + 33,181 768,915

Bills2 277,019 0 + 7,720 277,019

Notes and bonds, nominal2 461,791 0 + 18,251 461,791

Notes and bonds, inflation-indexed2 26,019 0 + 6,036 26,019

Inflation compensation3 4,080 + 21 + 1,175 4,087

Federal agency2 0 0 0 0

Repurchase agreements4 16,643 - 2,786 - 8,214 27,500

Loans to depository institutions 384 + 29 + 34 366

Primary credit 31 + 20 + 19 11

Secondary credit 0 0 0 0

Seasonal credit 353 + 8 + 14 355

Float -661 - 1,502 - 1,012 -1,467

Other Federal Reserve assets 39,974 + 546 + 680 40,032

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,138 + 14 + 1,709 38,138

Total factors supplying reserve funds 876,625 - 3,679 + 26,376 886,726

Currency in circulation5 790,816 - 1,748 + 24,197 792,276

Reverse repurchase agreements6 28,391 + 894 + 3,623 31,466

Foreign official and international accounts 28,391 + 894 + 3,623 31,466

Dealers 0 0 0 0

Treasury cash holdings 158 - 7 - 94 150

Deposits with F.R. Banks, other than reserve balances 11,607 - 1,859 - 2,329 11,880

U.S. Treasury, general account 4,280 - 1,833 - 1,086 4,585

Foreign official 90 + 1 + 6 91

Service-related 6,968 - 2 - 1,268 6,968

Required clearing balances 6,968 - 2 - 1,268 6,968

Adjustments to compensate for float 0 0 0 0

Other 269 - 25 + 20 236

Other liabilities and capital 36,212 + 273 + 5,150 35,696

Total factors, other than reserve balances,

absorbing reserve funds 867,185 - 2,446 + 30,549 871,469

Reserve balances with Federal Reserve Banks 9,441 - 1,232 - 4,172 15,257

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,661,409 - 12,030 + 197,444 1,666,925

U.S. Treasury 1,119,190 - 13,293 + 32,557 1,123,431

Federal agency 542,219 + 1,263 + 164,887 543,494

Securities lent to dealers 1,110 + 579 - 2,504 431

FEDERAL RESERVE statistical release

 September 28, 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

 Sep 27, 2006 Week ended

 Sep 27, 2006 Sep 20, 2006 Sep 28, 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 858 + 21 + 150

Securities, repurchase agreements, and loans 796,782 + 12,524 + 30,097

Securities held outright 768,915 + 20 + 32,833

U.S. Treasury1 768,915 + 20 + 32,833

Bills2 277,019 0 + 7,532

Notes and bonds, nominal2 461,791 0 + 18,094

Notes and bonds, inflation-indexed2 26,019 0 + 6,036

Inflation compensation3 4,087 + 20 + 1,173

Federal agency2 0 0 0

Repurchase agreements4 27,500 + 12,500 - 2,750

Loans 366 + 3 + 13

Items in process of collection (1,061) 3,141 - 1,176 - 3,052

Bank premises 1,889 + 1 + 51

Other assets5 38,069 + 414 + 572

Total assets (1,061) 853,975 + 11,784 + 27,816

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 755,142 - 528 + 22,572

Reverse repurchase agreements6 31,466 + 2,967 + 7,655

Deposits (0) 27,063 + 9,408 - 5,544

Depository institutions 22,151 + 10,074 - 5,651

U.S. Treasury, general account 4,585 - 631 + 106

Foreign official 91 + 6 + 8

Other (0) 236 - 40 - 7

Deferred availability cash items (1,061) 4,607 - 94 - 1,845

Other liabilities and accrued dividends7 5,514 + 69 + 1,685

Total liabilities (1,061) 823,792 + 11,822 + 24,523

Capital accounts

Capital paid in 15,067 + 10 + 1,761

Surplus 12,901 0 + 1,278

Other capital accounts 2,214 - 48 + 253

Total capital 30,182 - 38 + 3,292

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Sep 28, 2005

Eliminations from

consolidation Wednesday

 Sep 27, 2006

Wednesday

 Sep 20, 2006

3. Maturity Distribution of Loans and Securities, September 27, 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 349 58,235 - 2,191 0 0 27,500 31,466

16 days to 90 days 17 166,986 + 1,517 0 0 0 0

91 days to 1 year 0 187,242 + 676 0 0 . . . . . . 

Over 1 year to 5 years . . . 214,627 + 6 0 0 . . . . . . 

Over 5 years to 10 years . . . 60,276 + 4 0 0 . . . . . . 

Over 10 years . . . 81,550 + 10 0 0 . . . . . . 

All 366 768,915 + 20 0 0 27,500 31,466

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on September 27, 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 2,200 858 796,782 768,915 768,915 277,019 491,897 0 27,500 366 4,202 1,889 38,069 0 855,036

Assets, liabilities, and capital

 4,139 874 49 312,098 284,597 284,597 102,532 182,064 0 27,500 1 -28 208 13,767 - 828 330,279

 486 115 24 36,702 36,691 36,691 13,219 23,473 0 0 10 207 114 1,210 - 1,578 37,279

 463 83 55 33,383 33,383 33,383 12,027 21,356 0 0 0 666 57 1,830 + 1,539 38,076

 446 104 78 33,202 33,202 33,202 11,962 21,240 0 0 0 286 158 2,243 + 458 36,975

 853 147 79 63,874 63,874 63,874 23,012 40,862 0 0 0 303 159 6,851 + 2,185 74,451

 1,023 166 112 64,385 64,371 64,371 23,191 41,180 0 0 14 521 230 2,672 + 8,242 77,351

 947 212 103 70,719 70,602 70,602 25,436 45,166 0 0 117 204 208 2,716 - 9,516 65,593

 328 71 46 24,479 24,430 24,430 8,801 15,628 0 0 49 138 73 738 - 697 25,176

 2   15,7 15,6 15,6 5,6 10,0   1  1 6 -  16,8
 933,436

 178,294 755,142 755,142 11,037 2,200 741,905 0 796,415 31,511 764,905

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.

 933,436 178,294 755,142 31,466 27,063 22,151 4,585 91 236 5,669 5,514 824,853 15,067 12,901 2,214 855,036

 37,835 4,283 33,552 1,502 829 827 0 1 0 333 270 36,486 383 317 93 37,279

 347,395 51,687 295,708 11,647 13,274 8,456 4,585 62 170 181 1,846 322,655 3,691 3,685 248 330,279

 38,981 7,871 31,110 1,366 1,501 1,498 0 2 0 956 267 35,200 1,692 744 440 38,076

 36,947 6,325 30,622 1,359 1,798 1,793 0 3 2 645 266 34,690 1,128 1,013 143 36,975

 73,895 13,259 60,636 2,614 1,976 1,905 0 11 60 527 558 66,311 4,080 3,307 752 74,451

 95,216 25,404 69,812 2,634 1,568 1,565 0 3 0 652 464 75,130 1,084 892 245 77,351

 73,736 15,056 58,680 2,889 1,422 1,419 0 3 0 321 503 63,815 842 876 60 65,593

 27,029 3,980 23,049 1,000 478 477 0 0 1 122 198 24,847 158 144 27 25,176

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

H.4.14. Statement of Condition of Each Federal Reserve Bank on September 27, 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

 Sep 27, 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.