Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 820,050 + 4,672 + 34,695 821,701

Securities held outright 756,617 + 1,665 + 39,105 757,213

U.S. Treasury1 756,617 + 1,665 + 39,105 757,213

Bills2 274,142 0 + 11,137 274,142

Notes and bonds, nominal2 457,020 + 1,550 + 23,924 457,177

Notes and bonds, inflation-indexed2 22,260 + 64 + 3,152 22,646

Inflation compensation3 3,194 + 50 + 892 3,247

Federal agency2 0 0 0 0

Repurchase agreements4 28,536 + 2,857 + 429 29,750

Loans to depository institutions 59 - 3 + 15 60

Primary credit 10 - 10 + 2 12

Secondary credit 0 0 0 0

Seasonal credit 49 + 7 + 14 48

Float 685 - 165 + 1,421 244

Other Federal Reserve assets 34,155 + 320 - 6,274 34,435

Gold stock 11,044 0 + 2 11,044

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

Treasury currency outstanding5 36,623 + 14 + 78 36,623

Total factors supplying reserve funds 869,918 + 4,687 + 34,776 871,568

Currency in circulation5 788,533 + 682 + 36,581 789,517

Reverse repurchase agreements6 24,599 + 382 - 766 24,293

Foreign official and international accounts 24,599 + 382 - 766 24,293

Dealers 0 0 0 0

Treasury cash holdings 194 + 7 - 58 197

Deposits with F.R. Banks, other than reserve balances 12,967 - 560 - 2,328 11,399

U.S. Treasury, general account 4,479 - 549 - 639 2,844

Foreign official 99 + 14 + 11 150

Service-related 8,144 0 - 1,410 8,144

Required clearing balances 8,144 0 - 1,410 8,144

Adjustments to compensate for float 0 0 0 0

Other 245 - 24 - 290 261

Other liabilities and capital 32,597 + 83 + 4,469 32,443

Total factors, other than reserve balances,

absorbing reserve funds 858,891 + 595 + 37,898 857,849

Reserve balances with Federal Reserve Banks 11,027 + 4,092 - 3,122 13,719

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,594,966 + 3,260 + 210,027 1,588,293

U.S. Treasury 1,133,573 - 3,028 + 48,425 1,125,006

Federal agency 461,393 + 6,287 + 161,602 463,286

Securities lent to dealers 4,023 + 2,203 + 2,200 5,980

FEDERAL RESERVE statistical release

 March 16, 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

 Mar 15, 2006 Week ended

 Mar 15, 2006 Mar 8, 2006 Mar 16, 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 + 3

Special drawing rights certificate account 2,200 0 0

Coin 799 - 21 + 53

Securities, repurchase agreements, and loans 787,023 + 4,904 + 39,199

Securities held outright 757,213 + 1,637 + 39,698

U.S. Treasury1 757,213 + 1,637 + 39,698

Bills2 274,142 0 + 11,137

Notes and bonds, nominal2 457,177 + 1,100 + 24,081

Notes and bonds, inflation-indexed2 22,646 + 450 + 3,538

Inflation compensation3 3,247 + 87 + 941

Federal agency2 0 0 0

Repurchase agreements4 29,750 + 3,250 - 500

Loans 60 + 17 + 2

Items in process of collection (1,011) 6,525 - 1,586 - 129

Bank premises 1,822 + 1 + 25

Other assets5 36,751 + 544 - 1,978

Total assets (1,011) 846,160 + 3,841 + 37,173

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 753,886 + 98 + 36,103

Reverse repurchase agreements6 24,293 + 483 - 646

Deposits (0) 29,301 + 3,579 - 2,072

Depository institutions 26,046 + 5,490 - 245

U.S. Treasury, general account 2,844 - 2,007 - 1,902

Foreign official 150 + 64 + 68

Other (0) 261 + 31 + 7

Deferred availability cash items (1,011) 6,238 - 644 - 817

Other liabilities and accrued dividends7 4,508 + 42 + 1,420

Total liabilities (1,011) 818,225 + 3,557 + 33,986

Capital accounts

Capital paid in 13,705 - 25 + 1,169

Surplus 12,901 0 + 1,654

Other capital accounts 1,328 + 309 + 362

Total capital 27,935 + 285 + 3,186

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Mar 16, 2005

Eliminations from

consolidation Wednesday

 Mar 15, 2006

Wednesday

 Mar 8, 2006

3. Maturity Distribution of Loans and Securities, March 15, 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 21 46,914 - 1,093 0 0 29,750 24,293

16 days to 90 days 39 174,974 + 676 0 0 0 0

91 days to 1 year 0 184,570 + 421 0 0 . . . . . . 

Over 1 year to 5 years . . . 215,452 + 1,501 0 0 . . . . . . 

Over 5 years to 10 years . . . 55,362 + 7 0 0 . . . . . . 

Over 10 years . . . 79,942 + 126 0 0 . . . . . . 

All 60 757,213 + 1,637 0 0 29,750 24,293

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on March 15, 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 2,200 799 787,023 757,213 757,213 274,142 483,071 0 29,750 60 7,536 1,822 36,751 0 847,171

Assets, liabilities, and capital

 4,358 874 66 330,011 300,261 300,261 108,707 191,554 0 29,750 0 235 206 13,678 -33,399 316,028

 510 115 40 38,748 38,741 38,741 14,026 24,715 0 0 7 677 113 1,203 - 3,626 37,780

 432 83 48 26,862 26,862 26,862 9,725 17,137 0 0 0 510 54 1,726 + 6,445 36,160

 453 104 65 31,988 31,988 31,988 11,581 20,407 0 0 0 733 157 2,141 + 1,840 37,481

 836 147 76 57,788 57,788 57,788 20,922 36,866 0 0 0 396 152 6,521 + 8,980 74,896

 945 166 94 58,582 58,582 58,582 21,209 37,373 0 0 0 1,684 232 2,467 + 9,103 73,272

 928 212 96 68,223 68,191 68,191 24,688 43,503 0 0 32 296 211 2,569 - 2,065 70,470

 327 71 44 23,503 23,497 23,497 8,507 14,990 0 0 6 421 70 703 + 517 25,657

 2   15,8 15,8 15,8 5,7 10,0    2 1 6 - 2 16,8
 911,825

 157,939 753,886 753,886 11,040 2,200 740,646 0 786,963 24,324 762,638

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.

 911,825 157,939 753,886 24,293 29,301 26,046 2,844 150 261 7,249 4,508 819,236 13,705 12,901 1,328 847,171

 38,826 4,882 33,944 1,243 1,226 1,223 0 1 2 446 239 37,098 324 317 41 37,780

 328,315 44,537 283,778 9,633 12,582 9,443 2,844 121 174 763 1,585 308,341 3,669 3,685 333 316,028

 39,035 6,674 32,361 862 600 598 0 2 0 621 184 34,628 750 744 38 36,160

 36,964 5,431 31,533 1,026 1,988 1,984 0 3 1 667 220 35,434 1,000 1,013 34 37,481

 72,956 12,508 60,448 1,854 3,957 3,894 0 11 52 561 426 67,246 3,946 3,307 397 74,896

 87,387 22,033 65,353 1,879 2,350 2,347 0 3 0 1,191 368 71,142 1,035 892 203 73,272

 76,739 12,762 63,977 2,188 1,762 1,758 0 3 1 313 410 68,650 877 876 67 70,470

 27,815 4,209 23,605 754 638 608 0 0 29 177 166 25,340 144 144 29 25,657

 17,6 2,6 15,0 5 3 3    3 1 16,3 2 2  16,8

H.4.14. Statement of Condition of Each Federal Reserve Bank on March 15, 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

 Mar 15, 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.