FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           January 19, 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           Jan 18, 2006 Jan 11, 2006 Jan 19, 2005 Jan 18, 2006
Federal Reserve Banks

Reserve Bank Credit                                         816,436    +     562    +  33,129      815,472
 Securities held outright                                   745,519    +   1,270    +  27,694      745,685       
    U.S. Treasury (1)                                       745,519    +   1,270    +  27,694      745,685
       Bills (2)                                            272,655    +   1,245    +   9,685      272,834
       Notes and bonds, nominal (2)                         449,118            0    +  12,689      449,118
       Notes and bonds, inflation-indexed (2)                20,431    +      64    +   4,323       20,431
       Inflation compensation (3)                             3,315    -      39    +     998        3,302
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    29,571    -     822    +   4,785       23,250
 Loans to depository institutions                               321    +     282    +     268        2,056
    Primary credit                                              292    +     276    +     257        2,026
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              29    +       6    +      10           31
 Float                                                          846    -     455    -      95        4,615
 Other Federal Reserve assets                                40,179    +     287    +     476       39,866
Gold stock                                                   11,043            0    -       2       11,043
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,638    +      14    +     204       36,638
       
Total factors supplying reserve funds                       866,318    +     576    +  33,332      865,353
                                                                   
Currency in circulation(5)                                  784,942    -   1,891    +  36,097      784,877
Reverse repurchase agreements (6)                            24,569    -     579    -   3,011       24,729
   Foreign official and international accounts               24,569    -     579    -   3,011       24,729
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          210    +       7    -      47          207
Deposits with F.R.Banks, other than reserve balances         14,550    +      12    -     251       15,179       
  U.S. Treasury, general account                              4,810    +      15    +      29        5,429
  Foreign official                                               88    +       6    +       7           78
  Service-related                                             9,374            0    -     219        9,374
     Required clearing balances                               9,374            0    -     218        9,374
     Adjustments to compensate for float                          0            0    -       2            0
  Other                                                         278    -       9    -      68          298
Other liabilities and capital                                31,420    -      44    +   5,141       30,907

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  855,692    -   2,494    +  37,931      855,900

Reserve balances with Federal Reserve Banks                  10,626    +   3,070    -   4,599        9,453
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,532,711    +   1,806    + 189,133    1,536,010
     U.S. Treasury                                        1,101,324    +     416    +  32,486    1,105,136
     Federal agency                                         431,386    +   1,388    + 156,646      430,874
  Securities lent to dealers                                  1,698    -     429    -     466        5,631   


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 Jan 18, 2006     Jan 11, 2006     Jan 19, 2005

Assets
Gold certificate account                                        11,039                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               729        +      21        -      22
Securities, repurchase agreements, and loans                   770,991        +   1,433        +  30,604
   Securities held outright                                    745,685        +   1,206        +  27,860
      U.S. Treasury (1)                                        745,685        +   1,206        +  27,860       
         Bills (2)                                             272,834        +   1,249        +   9,864
         Notes and bonds, nominal (2)                          449,118                0        +  12,689
         Notes and bonds, inflation-indexed (2)                 20,431                0        +   4,323
         Inflation compensation (3)                              3,302        -      43        +     984
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    23,250        -   1,750        +     750    
   Loans                                                         2,056        +   1,977        +   1,995
Items in process of collection                    (2,633)       13,946        +   5,889        +   1,396
Bank premises                                                    1,822        +       1        +      43
Other assets (5)                                                38,048        -     645        -   1,789
      Total assets                                (2,633)      838,775        +   6,700        +  30,231
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  749,172        -     247        +  35,708
Reverse repurchase agreements (6)                               24,729        -     291        -   2,865
Deposits                                              (0)       24,635        +   5,321        -   7,513       
  Depository institutions                                       18,831        +   4,390        -   7,709
  U.S. Treasury, general account                                 5,429        +     964        +     287
  Foreign official                                                  78        -       3        -       1
  Other                                               (0)          298        -      29        -      89
Deferred availability cash items                  (2,633)        9,331        +   2,215        -      31
Other liabilities and accrued dividends (7)                      3,951        -      16        +   1,167
      Total liabilities                           (2,633)      811,818        +   6,981        +  26,466
                          
Capital Accounts
Capital paid in                                                 13,548        +       5        +   1,533
Surplus                                                         12,916                0        +   1,970
Other capital accounts                                             493        -     287        +     262
      Total capital                                             26,957        -     282        +   3,765


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,   January 18, 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           2,056       58,806   +   7,819            0           0       23,250       24,729
16 days to 90 days           0      156,744   -   6,530            0           0            0            0
91 days to 1 year            0      188,816   +   3,245            0           0     ------      ------
Over 1 to 5 years     ------        208,293   -   1,766            0           0     ------      ------
Over 5 to 10 years    ------         55,762   -   1,544            0           0     ------      ------
Over 10 years         ------         77,264   -      19            0           0     ------      ------
                   		 	
All                      2,056      745,685   +   1,206            0           0       23,250      24,729

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   January 18, 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                      11,039        510      4,357        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                                             729         31         51         36         56         75         95         88         44         25         66         67         95
Securities, repurchase agreements,
      and loans                              770,991     38,156    320,473     26,453     31,501     57,390     57,690     67,177     23,139     15,577     21,099     36,726     75,609
   Securities held outright                  745,685     38,151    295,690     26,453     31,501     56,908     57,690     67,152     23,139     15,574     21,091     36,726     75,608
      U.S. Treasury (1)                      745,685     38,151    295,690     26,453     31,501     56,908     57,690     67,152     23,139     15,574     21,091     36,726     75,608
         Bills (2)                           272,834     13,959    108,188      9,679     11,526     20,822     21,108     24,570      8,466      5,698      7,717     13,437     27,664
         Notes and bonds(3)                  472,851     24,192    187,502     16,774     19,976     36,086     36,582     42,582     14,673      9,876     13,374     23,289     47,944
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                23,250          0     23,250          0          0          0          0          0          0          0          0          0          0
      Loans                                    2,056          4      1,533          0          0        482          0         25          0          3          8          0          2
Items in process of collection                16,579        799      1,900        710      1,583      1,247      2,311      1,390        615        432      1,330      1,519      2,744
Bank premises                                  1,822        111        205         53        157        153        232        211         69        119         84        261        165
Other assets(5)                               38,048      3,262     14,430      1,135      2,480      4,881      2,113      2,659        916        761        698      1,017      3,695
Interdistrict settlement account                   0    - 4,823    -30,564    + 5,051    +   292    + 5,148    +11,026    -    90    + 1,270    -   334    + 1,599    - 4,143    +15,566
          Total Assets                       841,408     38,161    311,727     33,954     36,627     69,877     74,577     72,575     26,452     16,822     25,260     36,095     99,281

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   January 18, 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             909,202     39,029    326,905     37,467     36,365     70,094     87,695     77,307     28,017     17,821     27,714     50,132    110,658
  Less: notes held by F.R. Banks              160,030      4,921     46,678      7,290      5,562     12,399     20,926     11,832      3,730      2,977      5,326     17,448     20,941
    Federal Reserve notes, net                749,172     34,108    280,227     30,177     30,803     57,694     66,769     65,475     24,287     14,844     22,388     32,684     89,717
Reverse repurchase agreements (1)              24,729      1,265      9,806        877      1,045      1,887      1,913      2,227        767        516        699      1,218      2,507
Deposits                                       24,635      1,012     11,634        631      1,372      1,706      2,085      1,682        562        314        706        813      2,120
  Depository institutions                      18,831      1,007      5,977        630      1,367      1,589      2,083      1,678        560        313        705        808      2,116
  U.S. Treasury, general account                5,429          0      5,429          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 78          5         49          1          4          7          2          3          1          1          1          0          4
  Other                                           298          0        179          0          1        110          0          1          1          0          1          4          0
Deferred availability cash items               11,964        915      1,115        604      1,178        862      1,662      1,021        387        544        980        850      1,845
Other liabilities and accrued                 
  dividends (2)                                 3,951        216      1,387        163        192        344        330        370        148        109        128        203        361
   
    Total liabilities                         814,452     37,516    304,169     32,452     34,590     62,494     72,759     70,774     26,151     16,327     24,902     35,767     96,551
                              
Capital                    
Capital paid in                                13,548        317      3,688        744      1,014      3,943        893        884        144        243        175        153      1,349
Surplus                                        12,916        317      3,685        744      1,013      3,322        892        876        144        245        175        153      1,349
Other capital                                     493         11        184         13         10        119         33         41         13          6          8         22         32
     Total liabilities and capital            841,408     38,161    311,727     33,954     36,627     69,877     74,577     72,575     26,452     16,822     25,260     36,095     99,281
                              

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
                                          Jan 18, 2006
              
Federal Reserve notes outstanding             909,202
   Less: Notes held by F.R. Banks
         not subject to collateralization     160,030
      Federal Reserve Notes to be
         collateralized                       749,172 
Collateral held against Federal Reserve            
   notes                                      749,172
   Gold certificate account                    11,039
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              735,933
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         768,935
   Less:face value of securities under
         reverse repurchase agreements         24,757
      U.S. Treasury and agency securities
             eligible to be pledged           744,178
   

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.