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`FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            August 17, 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           Aug 16, 2006  Aug 9, 2006 Aug 17, 2005 Aug 16, 2006
Federal Reserve Banks

Reserve Bank Credit                                         829,233    +   4,050    +  35,525      828,141
 Securities held outright                                   764,837    +      13    +  38,492      764,842       
    U.S. Treasury (1)                                       764,837    +      13    +  38,492      764,842
       Bills (2)                                            277,019            0    +  10,760      277,019
       Notes and bonds, nominal (2)                         457,826            0    +  20,055      457,826
       Notes and bonds, inflation-indexed (2)                26,019            0    +   6,486       26,019
       Inflation compensation (3)                             3,974    +      13    +   1,192        3,979
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    23,429    +   4,500    -   3,428       25,250
 Loans to depository institutions                               347    +       6    -      98          361
    Primary credit                                                8    -       1    -     147           19
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             339    +       8    +      49          342
 Float                                                         -359    +     360    -     381         -792
 Other Federal Reserve assets                                40,980    -     829    +     942       38,480
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,074    +      14    +   1,645       38,074
       
Total factors supplying reserve funds                       880,548    +   4,065    +  37,170      879,455
                                                                   
Currency in circulation(5)                                  794,466    +     402    +  30,648      795,479
Reverse repurchase agreements (6)                            28,893    +     449    +   3,523       27,509
   Foreign official and international accounts               28,893    +     449    +   3,523       27,509
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          160    +       3    -      90          157
Deposits with F.R.Banks, other than reserve balances         12,321    +      96    -   2,012       12,009       
  U.S. Treasury, general account                              4,747    +     104    -      58        4,443
  Foreign official                                               89    -       1    -       5           88
  Service-related                                             7,201    -       6    -   1,917        7,201
     Required clearing balances                               7,201    -       3    -   1,914        7,201
     Adjustments to compensate for float                          0    -       3    -       3            0
  Other                                                         285    -       1    -      31          277
Other liabilities and capital                                35,381    -     218    +   4,488       35,151

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  871,220    +     731    +  36,556      870,305

Reserve balances with Federal Reserve Banks                   9,328    +   3,333    +     614        9,151
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,667,208    +   4,890    + 198,898    1,668,332
     U.S. Treasury                                        1,137,864    +   3,551    +  38,368    1,137,470
     Federal agency                                         529,344    +   1,339    + 160,530      530,861
  Securities lent to dealers                                  2,478    -     418    -   1,781        2,231   


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 Aug 16, 2006      Aug 9, 2006     Aug 17, 2005

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               769        +       5        +     125
Securities, repurchase agreements, and loans                   790,453        +   7,764        +  33,380
   Securities held outright                                    764,842        +      14        +  37,503
      U.S. Treasury (1)                                        764,842        +      14        +  37,503       
         Bills (2)                                             277,019                0        +  10,760
         Notes and bonds, nominal (2)                          457,826                0        +  19,062
         Notes and bonds, inflation-indexed (2)                 26,019                0        +   6,486
         Inflation compensation (3)                              3,979        +      13        +   1,196
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    25,250        +   7,750        -   3,250    
   Loans                                                           361        +       1        -     873
Items in process of collection                    (1,100)        4,013        -   1,250        -   3,039
Bank premises                                                    1,870        +       3        +      41
Other assets (5)                                                36,371        -   3,491        +     264
      Total assets                                (1,100)      846,713        +   3,031        +  30,771
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  758,327        -     396        +  29,186
Reverse repurchase agreements (6)                               27,509        -     351        +   4,006
Deposits                                              (0)       20,922        +   3,608        -   5,521       
  Depository institutions                                       16,113        +   2,062        -   4,264
  U.S. Treasury, general account                                 4,443        +   1,536        -   1,226
  Foreign official                                                  88                0        +      10
  Other                                               (0)          277        +       9        -      42
Deferred availability cash items                  (1,100)        4,805        +      62        -   1,496
Other liabilities and accrued dividends (7)                      5,180        +     133        +   1,716
      Total liabilities                           (1,100)      816,743        +   3,056        +  27,890
                          
Capital Accounts
Capital paid in                                                 15,030        +      14        +   1,589
Surplus                                                         12,901                0        +   1,272
Other capital accounts                                           2,039        -      38        +      20
      Total capital                                             29,970        -      25        +   2,881


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,    August 16, 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             160       62,903   +   3,329            0           0       25,250       27,509
16 days to 90 days         201      159,003   -   9,823            0           0            0            0
91 days to 1 year            0      190,839   +  14,045            0           0     ------      ------
Over 1 to 5 years     ------        211,115   -   7,455            0           0     ------      ------
Over 5 to 10 years    ------         58,151   -   3,204            0           0     ------      ------
Over 10 years         ------         82,830   +   3,120            0           0     ------      ------
                   		 	
All                        361      764,842   +      14            0           0       25,250      27,509

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    August 16, 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                                             769         26         41         36         72         70        106         93         39         29         58         80        118
Securities, repurchase agreements,
      and loans                              790,453     36,497    308,339     33,206     33,026     63,553     64,045     70,312     24,358     15,672     22,440     34,332     84,674
   Securities held outright                  764,842     36,497    283,089     33,206     33,026     63,535     64,030     70,228     24,300     15,549     22,396     34,325     84,660
      U.S. Treasury (1)                      764,842     36,497    283,089     33,206     33,026     63,535     64,030     70,228     24,300     15,549     22,396     34,325     84,660
         Bills (2)                           277,019     13,219    102,532     12,027     11,962     23,012     23,191     25,436      8,801      5,632      8,112     12,432     30,663
         Notes and bonds(3)                  487,823     23,278    180,557     21,179     21,064     40,524     40,839     44,792     15,499      9,917     14,284     21,893     53,997
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                25,250          0     25,250          0          0          0          0          0          0          0          0          0          0
      Loans                                      361          0          0          0          0         17         15         84         58        123         44          7         13
Items in process of collection                 5,113        268        432        340        340        357        689        267        187        280        464        440      1,048
Bank premises                                  1,870        113        207         57        157        156        230        209         71        117        122        258        172
Other assets(5)                               36,371      1,121     13,129      1,743      2,184      6,771      2,510      2,535        700        662        658        854      3,503
Interdistrict settlement account                   0    -   659    + 2,587    + 1,661    -   468    +   864    + 5,027    - 8,997    -   673    -   317    + 1,603    - 1,656    + 1,026
          Total Assets                       847,813     37,967    329,749     37,589     35,861     72,771     73,796     65,578     25,081     16,685     25,736     34,981     92,018

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    August 16, 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             931,426     38,237    349,122     39,516     37,001     73,195     93,058     73,628     27,127     17,228     27,297     49,872    106,145
  Less: notes held by F.R. Banks              173,098      3,746     49,605      7,513      6,246     13,416     26,780     14,253      4,106      2,326      3,911     17,870     23,326
    Federal Reserve notes, net                758,327     34,491    299,518     32,003     30,754     59,779     66,277     59,375     23,021     14,902     23,386     32,003     82,819
Reverse repurchase agreements (1)              27,509      1,313     10,182      1,194      1,188      2,285      2,303      2,526        874        559        806      1,235      3,045
Deposits                                       20,922        714     10,115        893        774      1,626      1,867      1,155        500        251        530        675      1,821
  Depository institutions                      16,113        701      5,444        890        769      1,524      1,865      1,152        498        250        528        675      1,816
  U.S. Treasury, general account                4,443          0      4,443          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 88          1         59          2          3         11          3          3          0          1          1          0          4
  Other                                           277         12        169          0          2         91          0          0          2          0          1          0          0
Deferred availability cash items                5,905        401        580        463        629        520        712        280        157        339        478        368        979
Other liabilities and accrued                 
  dividends (2)                                 5,180        256      1,755        243        249        495        442        472        189        135        169        251        525
   
    Total liabilities                         817,843     37,174    322,148     34,797     33,593     64,706     71,602     63,807     24,741     16,186     25,369     34,531     89,189
                              
Capital                    
Capital paid in                                15,030        383      3,676      1,745      1,123      4,017      1,072        841        155        243        174        213      1,388
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   2,039         94        240        303        131        741        230         54         41         11         18         84         92
     Total liabilities and capital            847,813     37,967    329,749     37,589     35,861     72,771     73,796     65,578     25,081     16,685     25,736     34,981     92,018
                              

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
                                          Aug 16, 2006
              
Federal Reserve notes outstanding             931,426
   Less: Notes held by F.R. Banks
         not subject to collateralization     173,098
      Federal Reserve Notes to be
         collateralized                       758,327 
Collateral held against Federal Reserve            
   notes                                      758,327
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              745,091
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         790,092
   Less:face value of securities under
         reverse repurchase agreements         27,549
      U.S. Treasury and agency securities
             eligible to be pledged           762,543
   

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.`

Statistical releases

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