FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              July 13, 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           Jul 12, 2006  Jul 5, 2006 Jul 13, 2005 Jul 12, 2006
Federal Reserve Banks

Reserve Bank Credit                                         829,845    -   6,338    +  37,845      828,699
 Securities held outright                                   766,404    +      33    +  41,690      766,414       
    U.S. Treasury (1)                                       766,404    +      33    +  41,690      766,414
       Bills (2)                                            275,370            0    +  10,355      275,370
       Notes and bonds, nominal (2)                         464,580            0    +  27,206      464,580
       Notes and bonds, inflation-indexed (2)                22,646            0    +   3,113       22,646
       Inflation compensation (3)                             3,808    +      33    +   1,016        3,819
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    21,143    -   8,321    -   5,750       20,750
 Loans to depository institutions                               299    +       8    +      24          355
    Primary credit                                               11    -       4    -      40           52
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             289    +      13    +      65          304
 Float                                                          981    +   1,412    +     968           87
 Other Federal Reserve assets                                41,019    +     531    +     914       41,092
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,076    +      14    +   1,508       38,076
       
Total factors supplying reserve funds                       881,162    -   6,324    +  39,353      880,016
                                                                   
Currency in circulation(5)                                  798,366    +     162    +  32,641      797,858
Reverse repurchase agreements (6)                            28,319    -   1,364    +   2,903       28,538
   Foreign official and international accounts               28,319    -   1,364    +   2,903       28,538
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          167    -       6    -      70          163
Deposits with F.R.Banks, other than reserve balances         12,749    -     100    -   1,466       12,607       
  U.S. Treasury, general account                              5,186    -     148    +     343        5,024
  Foreign official                                               95    -      16    +       9           89
  Service-related                                             7,217    +      55    -   1,788        7,217
     Required clearing balances                               7,217    +      55    -   1,788        7,217
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         251    +       9    -      30          277
Other liabilities and capital                                35,219    +     293    +   5,607       34,565

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  874,821    -   1,014    +  39,616      873,731

Reserve balances with Federal Reserve Banks                   6,341    -   5,310    -     264        6,284
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,632,555    -   3,584    + 189,931    1,630,836
     U.S. Treasury                                        1,113,291    -   4,627    +  20,564    1,111,089
     Federal agency                                         519,264    +   1,044    + 169,367      519,747
  Securities lent to dealers                                  3,000    -   3,725    +     111          922   


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 Jul 12, 2006      Jul 5, 2006     Jul 13, 2005

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               711        +      15        +      99
Securities, repurchase agreements, and loans                   787,520        -   7,397        +  37,319
   Securities held outright                                    766,414        +      29        +  41,702
      U.S. Treasury (1)                                        766,414        +      29        +  41,702       
         Bills (2)                                             275,370                0        +  10,355
         Notes and bonds, nominal (2)                          464,580                0        +  27,206
         Notes and bonds, inflation-indexed (2)                 22,646                0        +   3,113
         Inflation compensation (3)                              3,819        +      30        +   1,029
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    20,750        -   7,500        -   4,500    
   Loans                                                           355        +      73        +     117
Items in process of collection                      (966)        5,559        -     420        -     883
Bank premises                                                    1,858        +       1        +      44
Other assets (5)                                                39,001        +     538        +     436
      Total assets                                  (966)      847,886        -   7,263        +  37,016
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  760,652        -   2,880        +  30,961
Reverse repurchase agreements (6)                               28,538        -     548        +   2,941
Deposits                                              (0)       18,658        -   4,739        -   1,113       
  Depository institutions                                       13,269        -   4,252        -   1,308
  U.S. Treasury, general account                                 5,024        -     504        +     234
  Foreign official                                                  89        -       1        -      11
  Other                                               (0)          277        +      19        -      27
Deferred availability cash items                    (966)        5,472        +     967        -     706
Other liabilities and accrued dividends (7)                      4,789        +      62        +   1,520
      Total liabilities                             (966)      818,110        -   7,137        +  33,603
                          
Capital Accounts
Capital paid in                                                 14,977        +       2        +   1,608
Surplus                                                         12,901                0        +   1,419
Other capital accounts                                           1,898        -     128        +     385
      Total capital                                             29,776        -     126        +   3,413


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,      July 12, 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              97       58,461   -     438            0           0       20,750       28,538
16 days to 90 days         258      174,817   -     170            0           0            0            0
91 days to 1 year            0      176,677   +     609            0           0     ------      ------
Over 1 to 5 years     ------        217,332   +       9            0           0     ------      ------
Over 5 to 10 years    ------         60,722   +       5            0           0     ------      ------
Over 10 years         ------         78,406   +      14            0           0     ------      ------
                   		 	
All                        355      766,414   +      29            0           0       20,750      28,538

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      July 12, 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                      11,037        486      4,139        463        446        853      1,023        947        328        211        324        575      1,242
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                             711         30         37         31         70         65         88         80         35         31         57         72        115
Securities, repurchase agreements,
      and loans                              787,520     36,575    304,421     33,275     33,094     63,666     64,172     70,468     24,391     15,693     22,470     34,400     84,897
   Securities held outright                  766,414     36,572    283,671     33,274     33,094     63,666     64,162     70,372     24,350     15,581     22,442     34,396     84,835
      U.S. Treasury (1)                      766,414     36,572    283,671     33,274     33,094     63,666     64,162     70,372     24,350     15,581     22,442     34,396     84,835
         Bills (2)                           275,370     13,140    101,922     11,955     11,890     22,875     23,053     25,284      8,749      5,598      8,063     12,358     30,481
         Notes and bonds(3)                  491,045     23,432    181,749     21,319     21,203     40,791     41,109     45,088     15,601      9,983     14,379     22,038     54,354
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                20,750          0     20,750          0          0          0          0          0          0          0          0          0          0
      Loans                                      355          3          0          0          0          0         10         96         40        112         28          4         62
Items in process of collection                 6,526        294        423        350        661        456        666        378        283        252        658        653      1,452
Bank premises                                  1,858        113        206         57        157        155        231        208         70        118        115        259        171
Other assets(5)                               39,001      1,246     14,102      1,847      2,285      6,962      2,786      2,781        772        713        733        974      3,799
Interdistrict settlement account                   0    -   775    + 3,034    + 1,377    - 1,166    + 1,345    + 2,948    - 7,897    -   405    -   123    + 1,610    - 2,315    + 2,366
          Total Assets                       848,853     38,084    327,235     37,483     35,651     73,649     72,079     67,177     25,546     16,925     26,033     34,715     94,277

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      July 12, 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             929,853     38,080    348,971     39,823     37,141     73,284     90,797     74,094     27,342     17,248     27,358     48,978    106,737
  Less: notes held by F.R. Banks              169,201      3,460     50,238      7,499      6,126     13,171     25,969     13,454      3,926      2,243      3,744     17,476     21,897
    Federal Reserve notes, net                760,652     34,620    298,733     32,325     31,016     60,113     64,828     60,640     23,416     15,005     23,613     31,502     84,840
Reverse repurchase agreements (1)              28,538      1,362     10,563      1,239      1,232      2,371      2,389      2,620        907        580        836      1,281      3,159
Deposits                                       18,658        656      8,022        548        519      2,146      1,536      1,302        524        368        504        654      1,880
  Depository institutions                      13,269        655      2,777        546        515      2,026      1,533      1,300        520        367        503        653      1,875
  U.S. Treasury, general account                5,024          0      5,024          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 89          1         60          2          3         11          3          3          0          1          1          0          4
  Other                                           277          1        161          0          2        109          0          0          3          0          1          0          0
Deferred availability cash items                6,439        408        687        492        582        491        722        298        180        343        550        602      1,085
Other liabilities and accrued                 
  dividends (2)                                 4,789        241      1,609        221        232        450        408        444        179        129        160        229        488
   
    Total liabilities                         819,076     37,288    319,613     34,824     33,581     65,571     69,884     65,304     25,204     16,425     25,664     34,267     91,451
                              
Capital                    
Capital paid in                                14,977        382      3,674      1,744      1,024      4,014      1,069        910        155        243        175        209      1,377
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   1,898         97        262        170         33        756        234         86         42         12         20         86         99
     Total liabilities and capital            848,853     38,084    327,235     37,483     35,651     73,649     72,079     67,177     25,546     16,925     26,033     34,715     94,277
                              

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
                                          Jul 12, 2006
              
Federal Reserve notes outstanding             929,853
   Less: Notes held by F.R. Banks
         not subject to collateralization     169,201
      Federal Reserve Notes to be
         collateralized                       760,652 
Collateral held against Federal Reserve            
   notes                                      760,652
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              747,415
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         787,164
   Less:face value of securities under
         reverse repurchase agreements         28,577
      U.S. Treasury and agency securities
             eligible to be pledged           758,587
   

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.