---

`FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           January 26, 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 25, 2006 Jan 18, 2006 Jan 26, 2005 Jan 25, 2006
Federal Reserve Banks

Reserve Bank Credit                                         811,962    -   4,476    +  31,409      811,284
 Securities held outright                                   745,928    +     409    +  28,101      746,588       
    U.S. Treasury (1)                                       745,928    +     409    +  28,101      746,588
       Bills (2)                                            272,834    +     179    +   9,864      272,834
       Notes and bonds, nominal (2)                         449,389    +     271    +  12,960      450,065
       Notes and bonds, inflation-indexed (2)                20,431            0    +   4,323       20,431
       Inflation compensation (3)                             3,274    -      41    +     955        3,258
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    25,643    -   3,928    +   3,750       25,000
 Loans to depository institutions                                39    -     282    -      38           30
    Primary credit                                               10    -     282    -      45            2
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              28    -       1    +       6           28
 Float                                                          113    -     733    -   1,042         -777
 Other Federal Reserve assets                                40,239    +      58    +     637       40,443
Gold stock                                                   11,043            0    -       2       11,043
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,652    +      14    +     218       36,652
       
Total factors supplying reserve funds                       861,857    -   4,462    +  31,625      861,180
                                                                   
Currency in circulation(5)                                  782,175    -   2,767    +  35,299      782,123
Reverse repurchase agreements (6)                            23,576    -     993    -   3,877       21,691
   Foreign official and international accounts               23,576    -     993    -   3,877       21,691
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          209    -       1    -      83          216
Deposits with F.R.Banks, other than reserve balances         14,466    -      84    -     144       14,420       
  U.S. Treasury, general account                              5,314    +     504    +      62        5,266
  Foreign official                                               82    -       6    -       1           81
  Service-related                                             8,698    -     676    -     247        8,698
     Required clearing balances                               8,698    -     676    -     245        8,698
     Adjustments to compensate for float                          0            0    -       2            0
  Other                                                         372    +      94    +      42          374
Other liabilities and capital                                31,429    +       9    +   5,195       31,272

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  851,856    -   3,836    +  36,391      849,722

Reserve balances with Federal Reserve Banks                  10,001    -     626    -   4,767       11,457
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,536,870    +   4,159    + 189,500    1,541,330
     U.S. Treasury                                        1,104,324    +   3,000    +  34,276    1,103,406
     Federal agency                                         432,546    +   1,160    + 155,224      437,924
  Securities lent to dealers                                  2,271    +     573    +   1,067        2,916   


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 25, 2006     Jan 18, 2006     Jan 26, 2005

Assets
Gold certificate account                                        11,039                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               770        +      41        -      15
Securities, repurchase agreements, and loans                   771,618        +     627        +  24,972
   Securities held outright                                    746,588        +     903        +  28,761
      U.S. Treasury (1)                                        746,588        +     903        +  28,761       
         Bills (2)                                             272,834                0        +   9,864
         Notes and bonds, nominal (2)                          450,065        +     947        +  13,636
         Notes and bonds, inflation-indexed (2)                 20,431                0        +   4,323
         Inflation compensation (3)                              3,258        -      44        +     938
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    25,000        +   1,750        -   3,750    
   Loans                                                            30        -   2,026        -      39
Items in process of collection                    (1,199)        5,586        -   8,360        -     618
Bank premises                                                    1,823        +       1        +      45
Other assets (5)                                                38,622        +     574        -   1,587
      Total assets                                (1,199)      831,659        -   7,116        +  22,797
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  746,453        -   2,719        +  34,461
Reverse repurchase agreements (6)                               21,691        -   3,038        -   9,383
Deposits                                              (0)       25,845        +   1,210        -   7,523       
  Depository institutions                                       20,123        +   1,292        -   7,735
  U.S. Treasury, general account                                 5,266        -     163        +     149
  Foreign official                                                  81        +       3        +       5
  Other                                               (0)          374        +      76        +      57
Deferred availability cash items                  (1,199)        6,398        -   2,933        +     238
Other liabilities and accrued dividends (7)                      4,036        +      85        +   1,200
      Total liabilities                           (1,199)      804,424        -   7,394        +  18,995
                          
Capital Accounts
Capital paid in                                                 13,551        +       3        +   1,531
Surplus                                                         12,901        -      15        +   1,907
Other capital accounts                                             783        +     290        +     363
      Total capital                                             27,235        +     278        +   3,802


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 25, 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              30       59,347   +     541            0           0       25,000       21,691
16 days to 90 days           0      156,150   -     594            0           0            0            0
91 days to 1 year            0      188,864   +      48            0           0     ------      ------
Over 1 to 5 years     ------        208,279   -      14            0           0     ------      ------
Over 5 to 10 years    ------         56,577   +     815            0           0     ------      ------
Over 10 years         ------         77,371   +     107            0           0     ------      ------
                   		 	
All                         30      746,588   +     903            0           0       25,000      21,691

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 25, 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                                             770         33         55         38         60         83        103         91         46         28         66         71         97
Securities, repurchase agreements,
      and loans                              771,618     38,203    321,048     26,485     31,540     56,978     57,760     67,250     23,168     15,596     21,120     36,771     75,700
   Securities held outright                  746,588     38,198    296,048     26,485     31,540     56,977     57,760     67,234     23,167     15,593     21,117     36,771     75,699
      U.S. Treasury (1)                      746,588     38,198    296,048     26,485     31,540     56,977     57,760     67,234     23,167     15,593     21,117     36,771     75,699
         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)                  473,755     24,239    187,860     16,806     20,014     36,155     36,652     42,664     14,701      9,895     13,400     23,333     48,036
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                25,000          0     25,000          0          0          0          0          0          0          0          0          0          0
      Loans                                       30          5          0          0          0          1          0         16          1          3          4          0          1
Items in process of collection                 6,785        429        492        316        570        382      1,356        185        279        253        607        543      1,373
Bank premises                                  1,823        112        206         53        157        153        232        211         70        119         84        261        165
Other assets(5)                               38,622      3,307     14,635      1,154      2,511      4,928      2,171      2,705        933        773        712      1,041      3,753
Interdistrict settlement account                   0    - 5,249    -33,621    + 5,381    +   600    + 7,196    +11,451    +   161    + 1,219    -   426    + 1,702    - 3,731    +15,317
          Total Assets                       832,858     37,460    308,046     33,943     35,995     70,701     74,184     71,743     26,112     16,584     24,676     35,603     97,811

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 25, 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             910,139     39,117    326,489     37,372     36,299     70,899     88,632     77,393     28,001     17,798     27,735     50,014    110,391
  Less: notes held by F.R. Banks              163,686      5,057     47,986      7,378      5,698     12,665     21,339     12,378      3,872      2,961      5,409     17,401     21,542
    Federal Reserve notes, net                746,453     34,059    278,503     29,994     30,601     58,234     67,293     65,014     24,129     14,837     22,326     32,614     88,849
Reverse repurchase agreements (1)              21,691      1,110      8,601        769        916      1,655      1,678      1,953        673        453        614      1,068      2,199
Deposits                                       25,845        825     10,978        832      1,633      2,363      1,951      2,170        651        331        695        965      2,450
  Depository institutions                      20,123        820      5,480        831      1,628      2,255      1,949      2,167        560        330        694        963      2,446
  U.S. Treasury, general account                5,266          0      5,266          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 81          5         53          1          4          7          2          3          1          1          1          0          4
  Other                                           374          0        178          0          1        100          0          1         91          0          1          1          0
Deferred availability cash items                7,596        565        918        672        587        669      1,088        404        203        351        543        417      1,178
Other liabilities and accrued                 
  dividends (2)                                 4,036        222      1,415        168        196        355        336        378        150        111        131        207        368
   
    Total liabilities                         805,622     36,781    300,415     32,435     33,934     63,276     72,347     69,921     25,807     16,083     24,309     35,271     95,044
                              
Capital                    
Capital paid in                                13,551        317      3,688        744      1,014      3,943        893        884        144        243        175        153      1,352
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                     783         44        258         20         34        175         52         62         18         12         16         26         66
     Total liabilities and capital            832,858     37,460    308,046     33,943     35,995     70,701     74,184     71,743     26,112     16,584     24,676     35,603     97,811
                              

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 25, 2006
              
Federal Reserve notes outstanding             910,139
   Less: Notes held by F.R. Banks
         not subject to collateralization     163,686
      Federal Reserve Notes to be
         collateralized                       746,453 
Collateral held against Federal Reserve            
   notes                                      746,453
   Gold certificate account                    11,039
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              733,214
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         771,588
   Less:face value of securities under
         reverse repurchase agreements         21,714
      U.S. Treasury and agency securities
             eligible to be pledged           749,875
   

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

---

Home Economic research and data  Accessibility Contact Us  Last update: January 26, 2006