Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 823,061 + 2,991 + 36,636 825,966

Securities held outright 759,694 + 798 + 40,338 759,704

U.S. Treasury1 759,694 + 798 + 40,338 759,704

Bills2 275,370 0 + 12,365 275,370

Notes and bonds, nominal2 458,273 + 783 + 23,488 458,273

Notes and bonds, inflation-indexed2 22,646 0 + 3,538 22,646

Inflation compensation3 3,404 + 14 + 947 3,415

Federal agency2 0 0 0 0

Repurchase agreements4 25,071 + 3,535 - 1,072 25,750

Loans to depository institutions 138 + 19 + 27 135

Primary credit 25 - 4 + 20 5

Secondary credit 0 0 0 0

Seasonal credit 113 + 23 + 6 130

Float -3,048 - 2,060 - 1,907 -747

Other Federal Reserve assets 41,207 + 700 - 749 41,123

Gold stock 11,041 - 2 0 11,041

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

Treasury currency outstanding5 37,939 + 14 + 1,394 37,939

Total factors supplying reserve funds 874,242 + 3,004 + 38,031 877,146

Currency in circulation5 791,794 + 1,139 + 38,125 794,178

Reverse repurchase agreements6 24,371 + 318 - 1,984 24,478

Foreign official and international accounts 24,371 + 318 - 1,984 24,478

Dealers 0 0 0 0

Treasury cash holdings 181 - 18 - 76 177

Deposits with F.R. Banks, other than reserve balances 12,453 - 481 - 1,870 12,338

U.S. Treasury, general account 5,366 + 413 + 503 5,215

Foreign official 98 + 13 - 3 116

Service-related 6,697 - 914 - 2,328 6,697

Required clearing balances 6,697 - 914 - 2,328 6,697

Adjustments to compensate for float 0 0 0 0

Other 293 + 9 - 42 310

Other liabilities and capital 33,720 + 232 + 4,921 33,163

Total factors, other than reserve balances,

absorbing reserve funds 862,520 + 1,191 + 39,117 864,334

Reserve balances with Federal Reserve Banks 11,722 + 1,813 - 1,086 12,812

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,611,845 + 8,200 + 212,905 1,614,759

U.S. Treasury 1,119,085 + 1,527 + 41,977 1,121,056

Federal agency 492,760 + 6,672 + 170,927 493,703

Securities lent to dealers 1,671 + 1,184 - 1,821 1,363

FEDERAL RESERVE statistical release

 May 4, 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

 May 3, 2006 Week ended

 May 3, 2006 Apr 26, 2006 May 4, 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 - 2 0

Special drawing rights certificate account 2,200 0 0

Coin 803 - 2 + 115

Securities, repurchase agreements, and loans 785,590 - 949 + 44,594

Securities held outright 759,704 + 21 + 40,332

U.S. Treasury1 759,704 + 21 + 40,332

Bills2 275,370 0 + 12,365

Notes and bonds, nominal2 458,273 0 + 23,488

Notes and bonds, inflation-indexed2 22,646 0 + 3,538

Inflation compensation3 3,415 + 21 + 942

Federal agency2 0 0 0

Repurchase agreements4 25,750 - 1,000 + 4,250

Loans 135 + 30 + 11

Items in process of collection (1,325) 6,362 + 77 - 1,183

Bank premises 1,835 + 2 + 25

Other assets5 39,186 + 176 - 800

Total assets (1,325) 847,014 - 697 + 42,752

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 757,215 + 2,057 + 37,478

Reverse repurchase agreements6 24,478 + 1,568 - 1,582

Deposits (0) 25,049 - 5,210 + 2,885

Depository institutions 19,408 - 4,876 + 2,298

U.S. Treasury, general account 5,215 - 395 + 597

Foreign official 116 + 31 + 37

Other (0) 310 + 30 - 47

Deferred availability cash items (1,325) 7,109 + 915 - 548

Other liabilities and accrued dividends7 4,646 - 4 + 1,354

Total liabilities (1,325) 818,496 - 676 + 39,585

Capital accounts

Capital paid in 13,825 + 9 + 1,072

Surplus 12,901 0 + 1,504

Other capital accounts 1,792 - 30 + 592

Total capital 28,518 - 20 + 3,167

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 May 4, 2005

Eliminations from

consolidation Wednesday

 May 3, 2006

Wednesday

 Apr 26, 2006

3. Maturity Distribution of Loans and Securities, May 3, 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 23 65,706 + 2,520 0 0 25,750 24,478

16 days to 90 days 113 165,126 - 1,223 0 0 0 0

91 days to 1 year 0 177,251 - 579 0 0 . . . . . . 

Over 1 year to 5 years . . . 216,216 - 710 0 0 . . . . . . 

Over 5 years to 10 years . . . 55,387 + 3 0 0 . . . . . . 

Over 10 years . . . 80,018 + 9 0 0 . . . . . . 

All 135 759,704 + 21 0 0 25,750 24,478

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on May 3, 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 2,200 803 785,590 759,704 759,704 275,370 484,335 0 25,750 135 7,687 1,835 39,186 0 848,338

Assets, liabilities, and capital

 4,139 874 55 306,937 281,187 281,187 101,922 179,265 0 25,750 0 445 205 14,162 - 3,835 322,981

 486 115 41 36,261 36,252 36,252 13,140 23,112 0 0 9 452 113 1,259 - 1,032 37,694

 463 83 43 32,983 32,983 32,983 11,955 21,028 0 0 0 1,040 55 1,856 + 110 36,635

 446 104 81 32,804 32,804 32,804 11,890 20,913 0 0 0 676 156 2,296 - 96 36,468

 853 147 67 63,109 63,109 63,109 22,875 40,234 0 0 0 562 153 6,986 + 3,879 75,756

 1,023 166 87 63,607 63,600 63,600 23,053 40,547 0 0 7 717 231 2,784 + 3,144 71,761

 947 212 94 69,820 69,756 69,756 25,284 44,472 0 0 65 244 209 2,798 - 5,455 68,869

 328 71 40 24,147 24,137 24,137 8,749 15,388 0 0 10 253 69 781 - 251 25,438

 2   15,4 15,4 15,4 5,5 9,8    2 1 7 + 2 17,0
 916,879

 159,664 757,215 757,215 11,037 2,200 743,978 0 785,454 24,508 760,947

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.

 916,879 159,664 757,215 24,478 25,049 19,408 5,215 116 310 8,434 4,646 819,821 13,825 12,901 1,792 848,338

 38,505 4,639 33,866 1,168 1,141 1,135 0 1 6 610 230 37,016 324 317 38 37,694

 336,330 42,854 293,476 9,060 10,435 4,963 5,215 87 170 798 1,539 315,307 3,670 3,685 319 322,981

 39,396 6,946 32,451 1,063 668 666 0 2 0 726 219 35,126 729 744 35 36,635

 36,864 5,997 30,867 1,057 1,558 1,555 0 3 0 688 231 34,402 1,014 1,013 38 36,468

 73,817 12,581 61,235 2,033 3,111 2,968 0 11 132 757 493 67,630 4,006 3,307 813 75,756

 86,733 22,752 63,982 2,049 2,231 2,228 0 3 0 933 395 69,589 1,052 892 228 71,761

 75,486 13,243 62,243 2,248 1,698 1,695 0 3 0 401 417 67,007 896 876 89 68,869

 27,590 4,120 23,470 778 514 513 0 0 0 195 166 25,122 148 144 23 25,438

 17,5 2,4 15,0 4 5 5    3 1 16,5 2 2  17,0

H.4.14. Statement of Condition of Each Federal Reserve Bank on May 3, 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

 May 3, 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.