Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 825,902 - 4,807 + 32,620 826,238

Securities held outright 764,752 - 1,036 + 40,048 764,763

U.S. Treasury1 764,752 - 1,036 + 40,048 764,763

Bills2 277,019 + 1,178 + 12,004 277,019

Notes and bonds, nominal2 459,061 - 3,153 + 21,687 459,061

Notes and bonds, inflation-indexed2 24,783 + 907 + 5,250 24,783

Inflation compensation3 3,889 + 32 + 1,107 3,900

Federal agency2 0 0 0 0

Repurchase agreements4 20,536 - 3,750 - 8,107 21,000

Loans to depository institutions 350 + 22 + 6 371

Primary credit 15 - 1 + 4 25

Secondary credit 0 0 - 67 0

Seasonal credit 334 + 21 + 68 346

Float -807 - 181 + 5 -1,091

Other Federal Reserve assets 41,072 + 139 + 669 41,195

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,104 + 14 + 1,628 38,104

Total factors supplying reserve funds 877,247 - 4,793 + 34,249 877,583

Currency in circulation5 792,766 - 1,889 + 31,948 793,849

Reverse repurchase agreements6 29,161 - 278 + 1,166 28,468

Foreign official and international accounts 29,161 - 278 + 1,166 28,468

Dealers 0 0 0 0

Treasury cash holdings 158 - 4 - 86 148

Deposits with F.R. Banks, other than reserve balances 12,450 - 63 - 1,516 12,274

U.S. Treasury, general account 5,017 + 102 + 139 4,824

Foreign official 103 + 13 - 8 140

Service-related 7,027 - 189 - 1,649 7,027

Required clearing balances 7,027 - 189 - 1,649 7,027

Adjustments to compensate for float 0 0 0 0

Other 303 + 11 + 2 283

Other liabilities and capital 34,977 + 169 + 4,878 34,751

Total factors, other than reserve balances,

absorbing reserve funds 869,513 - 2,064 + 36,392 869,490

Reserve balances with Federal Reserve Banks 7,735 - 2,727 - 2,142 8,093

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,644,798 + 11,264 + 190,759 1,651,103

U.S. Treasury 1,114,191 + 2,204 + 19,038 1,117,017

Federal agency 530,607 + 9,061 + 171,722 534,086

Securities lent to dealers 2,488 + 867 + 790 1,539

FEDERAL RESERVE statistical release

 July 27, 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

 Jul 26, 2006 Week ended

 Jul 26, 2006 Jul 19, 2006 Jul 27, 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 750 + 14 + 125

Securities, repurchase agreements, and loans 786,134 - 7,941 + 29,684

Securities held outright 764,763 + 32 + 40,061

U.S. Treasury1 764,763 + 32 + 40,061

Bills2 277,019 0 + 12,004

Notes and bonds, nominal2 459,061 0 + 21,687

Notes and bonds, inflation-indexed2 24,783 0 + 5,250

Inflation compensation3 3,900 + 31 + 1,120

Federal agency2 0 0 0

Repurchase agreements4 21,000 - 8,000 - 10,000

Loans 371 + 28 - 377

Items in process of collection (960) 4,030 - 898 - 1,453

Bank premises 1,864 + 4 + 43

Other assets5 39,086 + 476 + 410

Total assets (960) 845,101 - 8,344 + 28,807

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 756,639 - 802 + 29,381

Reverse repurchase agreements6 28,468 - 1,119 + 1,191

Deposits (0) 20,121 - 6,674 - 5,523

Depository institutions 14,874 - 6,267 - 5,980

U.S. Treasury, general account 4,824 - 448 + 407

Foreign official 140 + 52 + 59

Other (0) 283 - 11 - 8

Deferred availability cash items (960) 5,122 - 132 - 1,075

Other liabilities and accrued dividends7 4,866 + 50 + 1,550

Total liabilities (960) 815,217 - 8,676 + 25,526

Capital accounts

Capital paid in 14,993 + 7 + 1,604

Surplus 12,901 0 + 1,388

Other capital accounts 1,990 + 325 + 289

Total capital 29,884 + 332 + 3,281

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jul 27, 2005

Eliminations from

consolidation Wednesday

 Jul 26, 2006

Wednesday

 Jul 19, 2006

3. Maturity Distribution of Loans and Securities, July 26, 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 334 62,066 - 11 0 0 21,000 28,468

16 days to 90 days 37 169,303 - 718 0 0 0 0

91 days to 1 year 0 175,697 + 732 0 0 . . . . . . 

Over 1 year to 5 years . . . 217,918 + 10 0 0 . . . . . . 

Over 5 years to 10 years . . . 61,347 + 6 0 0 . . . . . . 

Over 10 years . . . 78,433 + 14 0 0 . . . . . . 

All 371 764,763 + 32 0 0 21,000 28,468

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on July 26, 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 2,200 750 786,134 764,763 764,763 277,019 487,745 0 21,000 371 4,990 1,864 39,086 0 846,061

Assets, liabilities, and capital

 4,139 874 36 304,060 283,060 283,060 102,532 180,528 0 21,000 0 325 207 14,161 + 1,596 325,399

 486 115 28 36,498 36,493 36,493 13,219 23,274 0 0 5 261 113 1,259 - 66 38,693

 463 83 32 33,203 33,203 33,203 12,027 21,176 0 0 0 286 57 1,851 + 1,067 37,042

 446 104 72 33,022 33,022 33,022 11,962 21,061 0 0 0 416 157 2,290 - 746 35,762

 853 147 68 63,529 63,529 63,529 23,012 40,517 0 0 0 335 156 6,930 + 1,547 73,564

 1,023 166 102 64,050 64,024 64,024 23,191 40,832 0 0 27 529 231 2,762 + 3,972 72,834

 947 212 90 70,322 70,220 70,220 25,436 44,785 0 0 102 221 208 2,800 - 8,424 66,377

 328 71 39 24,358 24,298 24,298 8,801 15,496 0 0 60 169 70 782 - 534 25,283

 2   15,6 15,5 15,5 5,6 9,9   1 2 1 7 - 3 16,6
 930,576

 173,937 756,639 756,639 11,037 2,200 743,402 0 785,763 28,509 757,254

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.

 930,576 173,937 756,639 28,468 20,121 14,874 4,824 140 283 6,082 4,866 816,177 14,993 12,901 1,990 846,061

 38,027 3,681 34,346 1,358 1,524 1,517 0 1 7 425 250 37,903 382 317 91 38,693

 348,762 50,632 298,130 10,537 6,936 1,831 4,824 111 169 522 1,617 317,742 3,675 3,685 297 325,399

 39,795 7,832 31,963 1,236 516 514 0 2 0 400 226 34,342 1,744 744 212 37,042

 36,971 6,365 30,605 1,229 952 948 0 3 1 561 234 33,582 1,122 1,013 45 35,762

 73,049 13,729 59,320 2,365 2,854 2,742 0 11 102 482 470 65,491 4,014 3,307 752 73,564

 92,362 27,164 65,197 2,383 1,928 1,925 0 3 0 703 413 70,625 1,073 892 244 72,834

 73,752 13,900 59,853 2,614 1,408 1,404 0 3 1 254 453 64,581 822 876 97 66,377

 27,178 3,979 23,199 904 539 538 0 0 1 138 180 24,961 153 144 26 25,283

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

H.4.14. Statement of Condition of Each Federal Reserve Bank on July 26, 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

 Jul 26, 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.