H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 2, 2006 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures reserve balances of depository institutions Week ended Change from week ended Wednesday at Federal Reserve Banks Nov 1, 2006 Oct 25, 2006 Nov 2, 2005 Nov 1, 2006 Reserve Bank credit 833,424 + 2,624 + 31,539 840,647 Securities held outright 768,651 + 1,238 + 28,126 769,918 U.S. Treasury1 768,651 + 1,238 + 28,126 769,918 Bills2 277,019 0 + 6,308 277,019 Notes and bonds, nominal2 459,397 + 586 + 12,605 459,065 Notes and bonds, inflation-indexed2 28,053 + 623 + 8,070 29,611 Inflation compensation3 4,182 + 30 + 1,144 4,223 Federal agency2 0 0 0 0 Repurchase agreements4 22,429 - 464 + 1,893 25,000 Loans to depository institutions 172 - 2 + 18 197 Primary credit 21 + 12 + 16 58 Secondary credit 0 0 0 0 Seasonal credit 152 - 13 + 4 139 Float 1,232 + 1,640 + 863 4,795 Other Federal Reserve assets 40,940 + 212 + 638 40,738 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,140 + 14 + 1,711 38,140 Total factors supplying reserve funds 884,805 + 2,638 + 33,250 892,029 Currency in circulation5 794,745 + 593 + 26,344 797,209 Reverse repurchase agreements6 31,958 + 1,237 + 6,611 31,186 Foreign official and international accounts 31,958 + 1,237 + 6,611 31,186 Dealers 0 0 0 0 Treasury cash holdings 181 + 1 - 32 191 Deposits with F.R. Banks, other than reserve balances 12,304 - 167 - 1,872 12,353 U.S. Treasury, general account 4,982 - 196 + 1 5,007 Foreign official 89 0 - 16 91 Service-related 6,932 + 18 - 1,849 6,932 Required clearing balances 6,932 + 18 - 1,849 6,932 Adjustments to compensate for float 0 0 0 0 Other 300 + 10 - 8 323 Other liabilities and capital 36,688 + 271 + 4,816 36,261 Total factors, other than reserve balances, absorbing reserve funds 875,877 + 1,937 + 35,869 877,200 Reserve balances with Federal Reserve Banks 8,928 + 701 - 2,619 14,829 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,693,958 + 8,328 + 216,132 1,694,425 U.S. Treasury 1,145,474 + 3,938 + 58,997 1,144,760 Federal agency 548,485 + 4,391 + 157,135 549,666 Securities lent to dealers 1,060 - 603 - 2,063 1,859 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.

H.4.1 2. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Change since Eliminations from Assets, liabilities, and capital consolidation Wednesday Wednesday Wednesday Nov 1, 2006 Oct 25, 2006 Nov 2, 2005 Assets Gold certificate account 11,037 0 + 1 Special drawing rights certificate account 2,200 0 0 Coin 834 + 3 + 107 Securities, repurchase agreements, and loans 795,114 - 3,479 + 39,872 Securities held outright 769,918 + 1,496 + 29,304 U.S. Treasury1 769,918 + 1,496 + 29,304 Bills2 277,019 0 + 6,238 Notes and bonds, nominal2 459,065 - 750 + 12,273 Notes and bonds, inflation-indexed2 29,611 + 2,181 + 9,628 Inflation compensation3 4,223 + 66 + 1,166 Federal agency2 0 0 0 Repurchase agreements4 25,000 - 5,000 + 10,500 Loans 197 + 25 + 68 Items in process of collection (1,656) 9,615 + 6,239 + 1,765 Bank premises 1,912 + 10 + 69 Other assets5 38,836 + 155 + 632 Total assets (1,656) 859,548 + 2,928 + 42,446 Liabilities Federal Reserve notes, net of F.R. Bank holdings 760,089 + 1,620 + 25,566 Reverse repurchase agreements6 31,186 + 35 + 6,247 Deposits (0) 27,192 + 456 + 8,458 Depository institutions 21,771 + 765 + 7,958 U.S. Treasury, general account 5,007 - 339 + 508 Foreign official 91 + 1 - 15 Other (0) 323 + 30 + 7 Deferred availability cash items (1,656) 4,820 + 585 - 2,649 Other liabilities and accrued dividends7 5,561 + 31 + 1,530 Total liabilities (1,656) 828,849 + 2,728 + 39,153 Capital accounts Capital paid in 15,113 + 14 + 1,658 Surplus 12,901 0 + 1,271 Other capital accounts 2,686 + 187 + 364 Total capital 30,700 + 200 + 3,294 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. 3. Maturity Distribution of Loans and Securities, November 1, 2006 Millions of dollars U.S. Treasury Federal agency Reverse securities1 securities Repurchase Maturity Loans repurchase Weekly Weekly agreements2 Holdings Holdings agreements2 changes changes Within 15 days 66 60,074 + 2,329 0 0 25,000 31,186 16 days to 90 days 131 154,842 - 9,154 0 0 0 0 91 days to 1 year 0 193,350 + 7,165 0 0 . . . . . . Over 1 year to 5 years . . . 218,327 + 1,151 0 0 . . . . . . Over 5 years to 10 years . . . 61,746 + 1 0 0 . . . . . . Over 10 years . . . 81,578 + 3 0 0 . . . . . . All 197 769,918 + 1,496 0 0 25,000 31,186 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.

H.4.1 4. Statement of Condition of Each Federal Reserve Bank on November 1, 2006 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Assets Gold certificate account 11,0 3 7 4 8 6 4,1 3 9 4 6 3 4 4 6 8 5 3 1,0 2 3 9 4 7 3 2 8 2 1 1 3 2 4 5 7 5 1,242 Special drawing rights certificate acct. 2,2 0 0 1 1 5 8 7 4 8 3 1 0 4 1 4 7 1 6 6 2 1 2 7 1 3 0 6 6 9 8 234 Coin 8 3 4 2 3 4 6 6 1 7 7 8 0 1 0 6 9 6 3 8 3 0 6 2 8 1 134 Securities, repurchase agreements, and loans 795,1 1 4 36,7 3 9 309,9 6 7 33,4 2 7 33,2 4 5 63,9 5 7 64,4 6 2 70,7 6 3 24,4 6 3 15,6 8 9 22,5 8 7 34,5 5 6 85,260 Securities held outright 769,9 1 8 36,7 3 9 284,9 6 7 33,4 2 7 33,2 4 5 63,9 5 7 64,4 5 5 70,6 9 4 24,4 6 2 15,6 5 2 22,5 4 5 34,5 5 3 85,222 U.S. Treasury1 769,9 1 8 36,7 3 9 284,9 6 7 33,4 2 7 33,2 4 5 63,9 5 7 64,4 5 5 70,6 9 4 24,4 6 2 15,6 5 2 22,5 4 5 34,5 5 3 85,222 Bills2 277,0 1 9 13,2 1 9 102,5 3 2 12,0 2 7 11,9 6 2 23,0 1 2 23,1 9 1 25,4 3 6 8,8 0 1 5,6 3 2 8,1 1 2 12,4 3 2 30,663 Notes and bonds3 492,8 9 9 23,5 2 0 182,4 3 5 21,4 0 0 21,2 8 3 40,9 4 5 41,2 6 4 45,2 5 8 15,6 6 0 10,0 2 0 14,4 3 3 22,1 2 1 54,559 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 25,0 0 0 0 25,0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 1 9 7 0 0 0 0 0 7 6 9 1 3 8 4 2 3 37 Items in process of collection 11,2 7 1 3 6 8 1 8 0 8 4 8 4,5 2 4 4 4 5 1,4 7 1 6 0 9 2 9 2 2 4 2 7 3 1 5 0 9 1,052 Bank premises 1,9 1 2 1 1 5 2 0 7 5 7 1 5 7 1 6 2 2 3 1 2 0 9 7 5 1 1 6 1 4 6 2 5 9 177 Other assets5 38,8 3 6 1,2 3 9 14,0 2 8 1,8 3 7 2,3 0 2 6,9 6 1 2,7 4 6 2,7 6 7 7 6 6 7 1 0 7 3 3 9 6 4 3,782 Interdistrict settlement account 0 - 1,4 3 6 - 3,0 5 0 + 8 1 1 - 5,8 1 7 + 6,0 4 8 + 6,8 3 5 - 6,6 1 7 - 3 4 4 + 2 3 0 + 2,2 5 3 - 2,3 7 6 + 3,464 Total assets 861,2 0 4 37,6 4 8 326,3 9 1 37,5 8 8 35,0 3 8 78,6 5 2 77,0 4 1 68,9 8 5 25,6 9 0 17,2 5 9 26,9 0 1 34,6 6 6 95,344 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.

H.4.1 4. Statement of Condition of Each Federal Reserve Bank on November 1, 2006 (continued) Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Liabilities Federal Reserve notes outstanding 941,4 0 5 37,8 6 6 345,5 8 0 38,8 4 8 36,9 1 7 75,2 8 8 95,4 0 4 77,5 1 0 27,3 3 9 17,5 0 4 28,4 3 5 50,6 4 2 110,071 Less: notes held by F.R. Banks 181,3 1 5 4,0 1 7 53,4 4 9 7,6 3 4 7,0 9 7 12,6 8 5 25,9 9 5 15,7 7 2 3,7 9 5 2,5 3 5 4,1 6 1 19,1 6 0 25,013 Federal Reserve notes, net 760,0 8 9 33,8 4 9 292,1 3 1 31,2 1 4 29,8 2 0 62,6 0 2 69,4 0 9 61,7 3 8 23,5 4 4 14,9 6 9 24,2 7 4 31,4 8 2 85,058 Reverse repurchase agreements1 31,1 8 6 1,4 8 8 11,5 4 3 1,3 5 4 1,3 4 7 2,5 9 1 2,6 1 1 2,8 6 3 9 9 1 6 3 4 9 1 3 1,4 0 0 3,452 Deposits 27,1 9 2 8 1 5 12,9 3 4 5 2 6 8 5 9 3,9 3 2 1,6 4 5 1,5 9 0 4 8 1 5 6 2 5 6 4 7 0 1 2,584 Depository institutions 21,7 7 1 8 1 3 7,6 4 9 5 2 3 8 5 6 3,8 1 8 1,6 4 2 1,5 8 7 4 8 0 5 6 1 5 6 2 7 0 0 2,579 U.S. Treasury, general account 5,0 0 7 0 5,0 0 7 0 0 0 0 0 0 0 0 0 0 Foreign official 9 1 1 6 2 2 3 1 1 3 3 0 1 1 0 4 Other 3 2 3 0 2 1 6 0 0 1 0 4 0 0 1 0 1 0 1 Deferred availability cash items 6,4 7 6 4 1 7 1 4 5 1,0 9 6 4 9 9 6 5 9 6 6 2 4 9 8 1 4 0 3 8 5 5 9 2 3 8 2 1,001 Other liabilities and accrued dividends2 5,5 6 1 2 6 7 1,8 5 7 2 7 5 2 7 3 5 7 4 4 6 9 4 9 5 1 9 7 1 4 3 1 9 3 2 5 8 560 Total liabilities 830,5 0 4 36,8 3 5 318,6 0 8 34,4 6 5 32,7 9 8 70,3 5 8 74,7 9 6 67,1 8 5 25,3 5 3 16,6 9 2 26,5 3 7 34,2 2 2 92,655 Capital Capital paid in 15,1 1 3 3 9 0 3,7 2 2 1,8 1 1 1,0 9 9 4,0 8 2 1,0 8 9 8 4 8 1 6 5 2 7 6 1 7 5 2 0 9 1,248 Surplus 12,9 0 1 3 1 7 3,6 8 5 7 4 4 1,0 1 3 3,3 0 7 8 9 2 8 7 6 1 4 4 2 4 5 1 7 5 1 5 3 1,349 Other capital 2,6 8 6 1 0 6 3 7 6 5 6 8 1 2 7 9 0 5 2 6 3 7 6 2 8 4 6 1 5 8 3 93 Total liabilities and capital 861,2 0 4 37,6 4 8 326,3 9 1 37,5 8 8 35,0 3 8 78,6 5 2 77,0 4 1 68,9 8 5 25,6 9 0 17,2 5 9 26,9 0 1 34,6 6 6 95,344 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 Wednesday Federal Reserve notes and collateral Nov 1, 2006 Federal Reserve notes outstanding 941,405 Less: Notes held by F.R. Banks not subject to collateralization 181,315 Federal Reserve notes to be collateralized 760,089 Collateral held against Federal Reserve notes 760,089 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 746,852 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 794,918 Less: face value of securities under reverse repurchase agreements 31,487 U.S. Treasury and agency securities eligible to be pledged 763,430 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.