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 9, 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 8, 2006 Nov 1, 2006 Nov 9, 2005 Nov 8, 2006 Reserve Bank credit 835,238 + 1,813 + 35,914 844,122 Securities held outright 769,971 + 1,320 + 28,935 770,425 U.S. Treasury1 769,971 + 1,320 + 28,935 770,425 Bills2 277,019 0 + 6,200 277,019 Notes and bonds, nominal2 459,065 - 332 + 11,930 459,065 Notes and bonds, inflation-indexed2 29,681 + 1,628 + 9,698 30,105 Inflation compensation3 4,206 + 24 + 1,108 4,236 Federal agency2 0 0 0 0 Repurchase agreements4 23,536 + 1,107 + 5,679 31,500 Loans to depository institutions 169 - 3 + 50 318 Primary credit 45 + 24 + 42 196 Secondary credit 0 0 0 0 Seasonal credit 124 - 28 + 8 122 Float 631 - 603 + 396 714 Other Federal Reserve assets 40,931 - 9 + 853 41,165 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,154 + 14 + 1,698 38,154 Total factors supplying reserve funds 886,633 + 1,827 + 37,612 895,517 Currency in circulation5 797,352 + 2,607 + 26,474 800,311 Reverse repurchase agreements6 32,165 + 207 + 7,206 31,487 Foreign official and international accounts 32,165 + 207 + 7,206 31,487 Dealers 0 0 0 0 Treasury cash holdings 190 + 9 - 35 183 Deposits with F.R. Banks, other than reserve balances 12,337 + 33 - 1,799 11,985 U.S. Treasury, general account 5,034 + 52 + 32 4,624 Foreign official 100 + 11 + 15 155 Service-related 6,931 - 1 - 1,849 6,931 Required clearing balances 6,931 - 1 - 1,849 6,931 Adjustments to compensate for float 0 0 0 0 Other 272 - 28 + 2 275 Other liabilities and capital 36,637 - 51 + 5,063 36,213 Total factors, other than reserve balances, absorbing reserve funds 878,681 + 2,804 + 36,908 880,180 Reserve balances with Federal Reserve Banks 7,952 - 978 + 704 15,337 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,696,064 + 2,106 + 218,251 1,700,827 U.S. Treasury 1,144,634 - 840 + 60,700 1,148,020 Federal agency 551,430 + 2,945 + 157,551 552,807 Securities lent to dealers 1,650 + 590 - 2,693 1,628 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 8, 2006 Nov 1, 2006 Nov 9, 2005 Assets Gold certificate account 11,037 0 + 1 Special drawing rights certificate account 2,200 0 0 Coin 847 + 13 + 117 Securities, repurchase agreements, and loans 802,243 + 7,129 + 35,895 Securities held outright 770,425 + 507 + 28,708 U.S. Treasury1 770,425 + 507 + 28,708 Bills2 277,019 0 + 6,001 Notes and bonds, nominal2 459,065 0 + 11,473 Notes and bonds, inflation-indexed2 30,105 + 494 + 10,122 Inflation compensation3 4,236 + 13 + 1,114 Federal agency2 0 0 0 Repurchase agreements4 31,500 + 6,500 + 7,000 Loans 318 + 121 + 187 Items in process of collection (1,404) 5,164 - 4,451 - 1,943 Bank premises 1,904 - 8 + 62 Other assets5 39,244 + 408 + 956 Total assets (1,404) 862,639 + 3,091 + 35,087 Liabilities Federal Reserve notes, net of F.R. Bank holdings 763,183 + 3,094 + 23,573 Reverse repurchase agreements6 31,487 + 301 + 6,466 Deposits (0) 27,306 + 114 + 2,129 Depository institutions 22,252 + 481 + 2,809 U.S. Treasury, general account 4,624 - 383 - 764 Foreign official 155 + 64 + 72 Other (0) 275 - 48 + 11 Deferred availability cash items (1,404) 4,450 - 370 - 1,948 Other liabilities and accrued dividends7 5,610 + 49 + 1,513 Total liabilities (1,404) 832,036 + 3,187 + 31,732 Capital accounts Capital paid in 15,296 + 183 + 1,850 Surplus 12,901 0 + 1,276 Other capital accounts 2,406 - 280 + 229 Total capital 30,603 - 97 + 3,355 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 8, 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 207 42,894 - 17,180 0 0 31,500 31,487 16 days to 90 days 112 178,195 + 23,353 0 0 0 0 91 days to 1 year 0 187,174 - 6,176 0 0 . . . . . . Over 1 year to 5 years . . . 218,530 + 203 0 0 . . . . . . Over 5 years to 10 years . . . 62,057 + 311 0 0 . . . . . . Over 10 years . . . 81,575 - 3 0 0 . . . . . . All 318 770,425 + 507 0 0 31,500 31,487 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 8, 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 4 7 2 3 4 4 6 2 7 7 8 2 1 0 8 9 7 3 9 3 2 6 3 8 1 139 Securities, repurchase agreements, and loans 802,2 4 3 36,8 4 0 316,7 6 7 33,4 4 9 33,2 6 7 63,9 9 9 64,5 0 3 70,7 9 7 24,4 7 8 15,6 9 9 22,5 8 6 34,5 7 8 85,278 Securities held outright 770,4 2 5 36,7 6 3 285,1 5 5 33,4 4 9 33,2 6 7 63,9 9 9 64,4 9 7 70,7 4 0 24,4 7 8 15,6 6 2 22,5 6 0 34,5 7 6 85,278 U.S. Treasury1 770,4 2 5 36,7 6 3 285,1 5 5 33,4 4 9 33,2 6 7 63,9 9 9 64,4 9 7 70,7 4 0 24,4 7 8 15,6 6 2 22,5 6 0 34,5 7 6 85,278 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 493,4 0 6 23,5 4 5 182,6 2 3 21,4 2 2 21,3 0 5 40,9 8 7 41,3 0 6 45,3 0 4 15,6 7 6 10,0 3 1 14,4 4 8 22,1 4 3 54,615 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 31,5 0 0 0 31,5 0 0 0 0 0 0 0 0 0 0 0 0 Loans 3 1 8 7 7 1 1 2 0 0 0 6 5 7 1 3 7 2 6 3 0 Items in process of collection 6,5 6 9 2 3 3 9 6 8 9 0 7 5 0 3 7 6 8 8 1 2 6 7 3 0 7 2 5 6 8 0 6 5 7 7 1,129 Bank premises 1,9 0 4 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 3 7 2 5 9 177 Other assets5 39,2 4 4 1,2 5 9 14,1 8 2 1,8 5 4 2,3 0 5 6,9 8 9 2,7 9 8 2,8 0 6 7 8 0 7 2 1 7 4 5 9 8 7 3,819 Interdistrict settlement account 0 - 9 3 0 - 8,3 5 0 + 7 4 8 - 1,9 9 5 + 4,2 9 5 + 8,7 3 5 - 6,3 5 6 - 3 0 6 - 5 7 + 2,0 8 1 - 1,1 2 1 + 3,255 Total assets 864,0 4 3 38,1 4 2 327,9 6 0 37,6 0 5 35,1 1 0 76,9 0 4 78,4 4 5 68,9 8 0 25,7 7 3 17,0 0 8 26,8 0 8 36,0 3 5 95,274 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 8, 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 943,4 1 3 38,2 1 7 345,2 4 6 38,9 6 1 36,8 2 2 75,2 6 0 95,3 9 4 77,8 3 4 27,3 3 2 17,5 2 5 28,7 4 2 51,7 7 1 110,309 Less: notes held by F.R. Banks 180,2 3 0 3,9 1 5 53,7 5 8 7,4 5 9 7,0 1 8 12,4 3 2 25,4 9 5 15,6 5 2 3,7 0 2 2,4 7 4 4,3 7 0 18,9 5 4 24,999 Federal Reserve notes, net 763,1 8 3 34,3 0 2 291,4 8 8 31,5 0 2 29,8 0 4 62,8 2 8 69,8 9 9 62,1 8 2 23,6 3 0 15,0 5 0 24,3 7 2 32,8 1 7 85,310 Reverse repurchase agreements1 31,4 8 7 1,5 0 3 11,6 5 4 1,3 6 7 1,3 6 0 2,6 1 6 2,6 3 6 2,8 9 1 1,0 0 0 6 4 0 9 2 2 1,4 1 3 3,485 Deposits 27,3 0 6 9 0 9 15,1 3 4 3 8 4 8 1 5 2,1 5 6 2,4 7 0 1,2 6 0 4 4 3 2 9 4 4 8 0 7 2 8 2,233 Depository institutions 22,2 5 2 9 0 8 10,2 1 6 3 8 2 8 1 2 2,0 4 1 2,4 6 7 1,2 5 7 4 4 2 2 9 3 4 7 9 7 2 7 2,228 U.S. Treasury, general account 4,6 2 4 0 4,6 2 4 0 0 0 0 0 0 0 0 0 0 Foreign official 1 5 5 1 1 2 6 2 3 1 1 3 3 0 1 1 0 4 Other 2 7 5 0 1 6 8 0 0 1 0 4 0 0 1 0 1 0 1 Deferred availability cash items 5,8 5 5 3 5 1 1 3 3 9 3 4 6 2 2 5 2 5 5 5 0 3 7 5 1 5 3 3 1 5 4 9 1 3 7 2 1,033 Other liabilities and accrued dividends2 5,6 1 0 2 7 2 1,8 7 1 2 7 5 2 7 6 5 7 8 4 8 0 5 0 1 1 9 8 1 4 6 1 8 5 2 6 2 566 Total liabilities 833,4 4 1 37,3 3 6 320,2 8 1 34,4 6 1 32,8 7 7 68,7 0 4 76,0 3 4 67,2 0 9 25,4 2 5 16,4 4 4 26,4 5 0 35,5 9 2 92,627 Capital Capital paid in 15,2 9 6 3 9 0 3,7 2 2 1,8 1 1 1,1 0 6 4,0 8 4 1,2 7 3 8 4 5 1 6 6 2 7 6 1 7 5 2 0 9 1,238 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 2,4 0 6 9 9 2 7 1 5 8 8 1 1 3 8 0 9 2 4 5 5 0 3 8 4 3 8 8 1 60 Total liabilities and capital 864,0 4 3 38,1 4 2 327,9 6 0 37,6 0 5 35,1 1 0 76,9 0 4 78,4 4 5 68,9 8 0 25,7 7 3 17,0 0 8 26,8 0 8 36,0 3 5 95,274 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 8, 2006 Federal Reserve notes outstanding 943,413 Less: Notes held by F.R. Banks not subject to collateralization 180,230 Federal Reserve notes to be collateralized 763,183 Collateral held against Federal Reserve notes 763,183 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 749,946 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 801,925 Less: face value of securities under reverse repurchase agreements 31,762 U.S. Treasury and agency securities eligible to be pledged 770,163 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.