FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             March 23, 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 22, 2006 Mar 15, 2006 Mar 23, 2005 Mar 22, 2006
Federal Reserve Banks

Reserve Bank Credit                                         820,825    +     776    +  37,347      816,907
 Securities held outright                                   757,241    +     624    +  39,719      757,257       
    U.S. Treasury (1)                                       757,241    +     624    +  39,719      757,257
       Bills (2)                                            274,142            0    +  11,137      274,142
       Notes and bonds, nominal (2)                         457,177    +     157    +  24,081      457,177
       Notes and bonds, inflation-indexed (2)                22,646    +     386    +   3,538       22,646
       Inflation compensation (3)                             3,275    +      81    +     963        3,292
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    28,893    +     357    +   2,929       25,750
 Loans to depository institutions                               403    +     344    +     360          201
    Primary credit                                              350    +     340    +     345          148
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              52    +       3    +      14           53
 Float                                                         -519    -   1,202    +     214       -1,189
 Other Federal Reserve assets                                34,808    +     653    -   5,873       34,888
Gold stock                                                   11,044            0    +       2       11,044
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,637    +      14    +      92       36,637
       
Total factors supplying reserve funds                       870,706    +     790    +  37,441      866,788
                                                                   
Currency in circulation(5)                                  787,714    -     819    +  35,717      788,548
Reverse repurchase agreements (6)                            25,013    +     414    -   1,035       24,151
   Foreign official and international accounts               25,013    +     414    -   1,035       24,151
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          198    +       4    -      59          204
Deposits with F.R.Banks, other than reserve balances         13,525    +     558    -     515       12,689       
  U.S. Treasury, general account                              5,142    +     663    +     174        4,414
  Foreign official                                              172    +      73    +      84           71
  Service-related                                             7,980    -     164    -     752        7,980
     Required clearing balances                               7,980    -     164    -     752        7,980
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         231    -      14    -      21          223
Other liabilities and capital                                33,070    +     473    +   5,095       32,537

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  859,519    +     628    +  39,203      858,129

Reserve balances with Federal Reserve Banks                  11,187    +     162    -   1,762        8,659
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,586,949    -   8,017    + 198,263    1,588,379
     U.S. Treasury                                        1,123,105    -  10,468    +  37,633    1,123,855
     Federal agency                                         463,844    +   2,451    + 160,631      464,524
  Securities lent to dealers                                  1,627    -   2,396    -   1,063          942   


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 22, 2006     Mar 15, 2006     Mar 23, 2005

Assets
Gold certificate account                                        11,040                0        +       3
Special drawing rights certificate account                       2,200                0                0
Coin                                                               795        -       4        +      65
Securities, repurchase agreements, and loans                   783,208        -   3,815        +  46,389
   Securities held outright                                    757,257        +      44        +  39,731
      U.S. Treasury (1)                                        757,257        +      44        +  39,731       
         Bills (2)                                             274,142                0        +  11,137
         Notes and bonds, nominal (2)                          457,177                0        +  24,081
         Notes and bonds, inflation-indexed (2)                 22,646                0        +   3,538
         Inflation compensation (3)                              3,292        +      45        +     976
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    25,750        -   4,000        +   6,500    
   Loans                                                           201        +     141        +     158
Items in process of collection                    (1,193)        4,898        -   1,627        -   2,823
Bank premises                                                    1,825        +       3        +      24
Other assets (5)                                                37,200        +     449        -   1,382
      Total assets                                (1,193)      841,165        -   4,995        +  42,276
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  752,905        -     981        +  35,333
Reverse repurchase agreements (6)                               24,151        -     142        -     340
Deposits                                              (0)       25,480        -   3,821        +   2,789       
  Depository institutions                                       20,771        -   5,275        +   3,078
  U.S. Treasury, general account                                 4,414        +   1,570        -     263
  Foreign official                                                  71        -      79        -      12
  Other                                               (0)          223        -      38        -      16
Deferred availability cash items                  (1,193)        6,092        -     146        -     563
Other liabilities and accrued dividends (7)                      4,574        +      66        +   1,394
      Total liabilities                           (1,193)      813,202        -   5,023        +  38,613
                          
Capital Accounts
Capital paid in                                                 13,731        +      26        +   1,173
Surplus                                                         12,901                0        +   1,701
Other capital accounts                                           1,331        +       3        +     789
      Total capital                                             27,963        +      28        +   3,663


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 22, 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             201       54,496   +   7,582            0           0       25,750       24,151
16 days to 90 days           0      167,102   -   7,872            0           0            0            0
91 days to 1 year            0      184,863   +     293            0           0     ------      ------
Over 1 to 5 years     ------        215,466   +      14            0           0     ------      ------
Over 5 to 10 years    ------         55,368   +       6            0           0     ------      ------
Over 10 years         ------         79,962   +      20            0           0     ------      ------
                   		 	
All                        201      757,257   +      44            0           0       25,750      24,151

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 22, 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                                             795         39         68         49         63         76         89         95         42         32         65         67        108
Securities, repurchase agreements,
      and loans                              783,208     38,753    326,029     26,863     31,990     57,791     58,585     68,228     23,498     15,822     21,420     37,298     76,929
   Securities held outright                  757,257     38,744    300,279     26,863     31,990     57,791     58,585     68,195     23,498     15,816     21,418     37,296     76,781
      U.S. Treasury (1)                      757,257     38,744    300,279     26,863     31,990     57,791     58,585     68,195     23,498     15,816     21,418     37,296     76,781
         Bills (2)                           274,142     14,026    108,707      9,725     11,581     20,922     21,209     24,688      8,507      5,726      7,754     13,502     27,796
         Notes and bonds(3)                  483,115     24,718    191,572     17,138     20,409     36,870     37,376     43,507     14,991     10,090     13,665     23,794     48,985
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                25,750          0     25,750          0          0          0          0          0          0          0          0          0          0
      Loans                                      201         10          0          0          0          0          0         34          0          6          1          2        148
Items in process of collection                 6,090        495        461        461        492        376      1,096        156        230        245        546        377      1,156
Bank premises                                  1,825        113        206         55        157        153        232        210         70        119         92        260        159
Other assets(5)                               37,200      1,228     13,867      1,670      2,168      6,580      2,519      2,613        717        684        683        983      3,489
Interdistrict settlement account                   0    - 4,089    -26,505    + 6,752    +   370    + 6,190    + 9,000    - 2,785    +   580    -   325    + 2,159    - 4,062    +12,714
          Total Assets                       842,357     37,165    319,358     36,364     35,798     72,149     72,632     69,657     25,536     16,818     25,348     35,569     95,961

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 22, 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             912,613     38,618    329,568     39,129     36,829     72,933     87,708     76,417     27,796     17,591     27,439     49,576    109,010
  Less: notes held by F.R. Banks              159,708      4,872     45,251      6,837      5,559     12,808     22,061     12,739      4,147      2,549      4,399     16,975     21,511
    Federal Reserve notes, net                752,905     33,745    284,316     32,292     31,270     60,125     65,648     63,679     23,649     15,042     23,040     32,601     87,499
Reverse repurchase agreements (1)              24,151      1,236      9,577        857      1,020      1,843      1,868      2,175        749        504        683      1,189      2,449
Deposits                                       25,480        757     15,292        642        685      1,433      1,649      1,228        492        314        557        732      1,699
  Depository institutions                      20,771        755     10,666        639        679      1,376      1,646      1,225        490        313        556        732      1,695
  U.S. Treasury, general account                4,414          0      4,414          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 71          1         42          2          3         11          3          3          0          1          1          0          4
  Other                                           223          1        169          0          3         46          0          1          1          0          1          0          0
Deferred availability cash items                7,285        501        913        861        555        595        966        346        171        332        549        383      1,111
Other liabilities and accrued                 
  dividends (2)                                 4,574        241      1,606        188        222        436        373        419        165        123        143        230        429
   
    Total liabilities                         814,394     36,481    311,704     34,839     33,751     64,432     70,504     67,846     25,226     16,316     24,972     35,135     93,187
                              
Capital                    
Capital paid in                                13,731        324      3,669        750      1,000      3,946      1,035        877        144        244        178        212      1,352
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   1,331         43        300         32         34        464        201         58         22         14         23         69         73
     Total liabilities and capital            842,357     37,165    319,358     36,364     35,798     72,149     72,632     69,657     25,536     16,818     25,348     35,569     95,961
                              

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 22, 2006
              
Federal Reserve notes outstanding             912,613
   Less: Notes held by F.R. Banks
         not subject to collateralization     159,708
      Federal Reserve Notes to be
         collateralized                       752,905 
Collateral held against Federal Reserve            
   notes                                      752,905
   Gold certificate account                    11,040
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              739,665
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         783,007
   Less:face value of securities under
         reverse repurchase agreements         24,183
      U.S. Treasury and agency securities
             eligible to be pledged           758,824
   

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.