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 16, 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 15, 2006 Nov 8, 2006 Nov 16, 2005 Nov 15, 2006 Reserve Bank credit 834,832 - 405 + 25,961 841,179 Securities held outright 770,352 + 381 + 28,277 770,050 U.S. Treasury1 770,352 + 381 + 28,277 770,050 Bills2 277,019 0 + 6,001 277,019 Notes and bonds, nominal2 459,017 - 48 + 11,111 458,730 Notes and bonds, inflation-indexed2 30,105 + 424 + 10,122 30,105 Inflation compensation3 4,211 + 5 + 1,043 4,197 Federal agency2 0 0 0 0 Repurchase agreements4 25,786 + 2,250 + 179 35,250 Loans to depository institutions 122 - 47 - 30 118 Primary credit 3 - 42 - 43 1 Secondary credit 0 0 0 0 Seasonal credit 118 - 6 + 12 117 Float -466 - 1,097 - 2,161 -482 Other Federal Reserve assets 39,039 - 1,892 - 304 36,243 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,168 + 14 + 1,684 38,168 Total factors supplying reserve funds 886,241 - 392 + 27,645 892,588 Currency in circulation5 799,936 + 2,584 + 23,693 802,118 Reverse repurchase agreements6 32,475 + 310 + 6,918 32,764 Foreign official and international accounts 32,475 + 310 + 6,918 32,764 Dealers 0 0 0 0 Treasury cash holdings 182 - 8 - 37 177 Deposits with F.R. Banks, other than reserve balances 12,186 - 151 - 1,527 12,033 U.S. Treasury, general account 4,960 - 74 + 438 4,820 Foreign official 91 - 9 + 3 92 Service-related 6,827 - 104 - 2,014 6,827 Required clearing balances 6,807 - 124 - 2,018 6,807 Adjustments to compensate for float 20 + 20 + 4 20 Other 308 + 36 + 46 294 Other liabilities and capital 34,737 - 1,900 + 2,996 34,616 Total factors, other than reserve balances, absorbing reserve funds 879,516 + 835 + 32,043 881,707 Reserve balances with Federal Reserve Banks 6,725 - 1,227 - 4,398 10,882 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,703,724 + 7,660 + 215,665 1,705,897 U.S. Treasury 1,149,584 + 4,950 + 58,739 1,149,474 Federal agency 554,140 + 2,710 + 156,926 556,423 Securities lent to dealers 614 - 1,036 - 2,375 2,454 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 15, 2006 Nov 8, 2006 Nov 16, 2005 Assets Gold certificate account 11,037 0 + 1 Special drawing rights certificate account 2,200 0 0 Coin 833 - 14 + 105 Securities, repurchase agreements, and loans 805,418 + 3,175 + 42,433 Securities held outright 770,050 - 375 + 27,172 U.S. Treasury1 770,050 - 375 + 27,172 Bills2 277,019 0 + 6,001 Notes and bonds, nominal2 458,730 - 335 + 10,042 Notes and bonds, inflation-indexed2 30,105 0 + 10,122 Inflation compensation3 4,197 - 39 + 1,009 Federal agency2 0 0 0 Repurchase agreements4 35,250 + 3,750 + 15,250 Loans 118 - 200 + 11 Items in process of collection (1,010) 3,876 - 1,288 - 8,093 Bank premises 1,909 + 5 + 68 Other assets5 34,289 - 4,955 - 837 Total assets (1,010) 859,562 - 3,077 + 33,677 Liabilities Federal Reserve notes, net of F.R. Bank holdings 764,955 + 1,772 + 23,664 Reverse repurchase agreements6 32,764 + 1,277 + 7,446 Deposits (0) 22,869 - 4,437 + 3,151 Depository institutions 17,664 - 4,588 + 2,703 U.S. Treasury, general account 4,820 + 196 + 404 Foreign official 92 - 63 + 11 Other (0) 294 + 19 + 33 Deferred availability cash items (1,010) 4,358 - 92 - 3,650 Other liabilities and accrued dividends7 5,937 + 327 + 1,788 Total liabilities (1,010) 830,884 - 1,152 + 32,400 Capital accounts Capital paid in 15,289 - 7 + 1,831 Surplus 10,554 - 2,347 - 1,076 Other capital accounts 2,835 + 429 + 521 Total capital 28,678 - 1,925 + 1,276 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 15, 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 32 57,985 + 15,091 0 0 35,250 32,764 16 days to 90 days 86 155,219 - 22,976 0 0 0 0 91 days to 1 year 0 193,265 + 6,091 0 0 . . . . . . Over 1 year to 5 years . . . 217,679 - 851 0 0 . . . . . . Over 5 years to 10 years . . . 62,048 - 9 0 0 . . . . . . Over 10 years . . . 83,853 + 2,278 0 0 . . . . . . All 118 770,050 - 375 0 0 35,250 32,764 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 15, 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 3 2 5 4 4 6 0 7 4 8 1 1 0 3 9 8 3 9 3 0 6 4 7 8 136 Securities, repurchase agreements, and loans 805,4 1 8 36,7 4 8 320,2 6 7 33,4 3 2 33,2 5 1 63,9 6 8 64,4 7 4 70,7 5 7 24,4 6 6 15,6 8 9 22,5 6 8 34,5 6 1 85,238 Securities held outright 770,0 5 0 36,7 4 6 285,0 1 7 33,4 3 2 33,2 5 1 63,9 6 8 64,4 6 6 70,7 0 6 24,4 6 6 15,6 5 5 22,5 4 9 34,5 5 9 85,237 U.S. Treasury1 770,0 5 0 36,7 4 6 285,0 1 7 33,4 3 2 33,2 5 1 63,9 6 8 64,4 6 6 70,7 0 6 24,4 6 6 15,6 5 5 22,5 4 9 34,5 5 9 85,237 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 493,0 3 2 23,5 2 7 182,4 8 4 21,4 0 5 21,2 8 9 40,9 5 6 41,2 7 5 45,2 7 0 15,6 6 4 10,0 2 3 14,4 3 7 22,1 2 7 54,574 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 35,2 5 0 0 35,2 5 0 0 0 0 0 0 0 0 0 0 0 Loans 1 1 8 2 0 0 0 0 8 5 1 1 3 4 1 9 3 1 Items in process of collection 4,8 8 5 1 5 6 1 6 8 6 7 6 3 5 7 3 5 6 5 6 4 1 8 5 1 7 1 2 5 3 5 4 4 3 7 2 1,085 Bank premises 1,9 0 9 1 1 5 2 0 7 5 8 1 5 7 1 6 4 2 3 1 2 0 9 7 5 1 1 6 1 3 7 2 5 9 179 Other assets5 34,2 8 9 1,1 2 2 11,0 9 5 1,7 3 1 2,1 8 1 6,7 5 4 2,5 0 1 2,5 3 4 6 9 6 6 5 9 6 6 1 8 5 4 3,500 Interdistrict settlement account 0 - 4 8 7 -15,6 2 9 + 1,0 3 9 - 1,4 8 0 + 7,0 3 0 + 8,4 1 6 - 5,3 3 5 + 2 0 + 1 6 8 + 2,5 7 7 - 8 9 + 3,769 Total assets 860,5 7 1 38,2 7 9 321,1 6 6 37,5 4 2 35,0 9 0 79,3 5 3 77,4 7 8 69,6 0 7 25,8 6 7 17,1 5 7 26,9 4 1 36,7 0 9 95,383 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 15, 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 945,5 8 9 38,4 3 9 344,9 7 1 39,0 8 4 36,7 7 9 75,2 4 2 95,4 8 1 78,2 5 2 27,3 3 0 17,5 7 8 28,7 4 7 52,9 6 2 110,725 Less: notes held by F.R. Banks 180,6 3 4 3,8 5 4 53,8 5 3 7,7 5 6 7,0 2 8 12,2 6 1 25,6 3 1 15,4 8 7 3,6 4 3 2,4 2 1 4,3 3 5 19,3 9 1 24,973 Federal Reserve notes, net 764,9 5 5 34,5 8 4 291,1 1 8 31,3 2 8 29,7 5 1 62,9 8 1 69,8 5 0 62,7 6 5 23,6 8 7 15,1 5 7 24,4 1 2 33,5 7 1 85,753 Reverse repurchase agreements1 32,7 6 4 1,5 6 3 12,1 2 7 1,4 2 2 1,4 1 5 2,7 2 2 2,7 4 3 3,0 0 8 1,0 4 1 6 6 6 9 5 9 1,4 7 0 3,627 Deposits 22,8 6 9 7 5 4 9,9 4 6 4 6 5 9 2 5 4,2 8 6 1,3 9 9 1,2 9 4 4 4 7 2 9 3 5 2 3 6 6 1 1,876 Depository institutions 17,6 6 4 7 4 3 4,8 9 8 4 6 3 8 8 7 4,1 7 7 1,3 9 6 1,2 9 1 4 3 0 2 9 2 5 2 2 6 9 4 1,871 U.S. Treasury, general account 4,8 2 0 0 4,8 2 0 0 0 0 0 0 0 0 0 0 0 Foreign official 9 2 1 6 4 2 3 1 1 3 3 0 1 1 0 4 Other 2 9 4 1 0 1 6 5 0 3 5 9 8 0 0 1 7 0 1 - 3 3 0 Deferred availability cash items 5,3 6 7 2 9 8 1 8 4 8 8 0 5 0 5 5 4 4 5 5 1 2 6 1 1 2 1 3 3 3 4 9 5 2 9 1 904 Other liabilities and accrued dividends2 5,9 3 7 2 7 9 1,9 4 0 2 9 7 2 9 4 6 4 2 4 9 4 5 4 1 2 2 0 1 5 4 1 9 2 2 9 5 589 Total liabilities 831,8 9 3 37,4 7 8 315,3 1 4 34,3 9 2 32,8 8 9 71,1 7 4 75,0 3 7 67,8 6 9 25,5 1 6 16,6 0 4 26,5 8 2 36,2 9 0 92,748 Capital Capital paid in 15,2 8 9 3 9 0 3,7 2 7 1,8 1 1 1,0 8 6 4,0 8 4 1,2 7 4 8 4 6 1 6 6 2 7 6 1 7 5 2 1 0 1,243 Surplus 10,5 5 4 3 0 9 1,6 0 4 7 2 3 9 9 6 3,2 3 8 8 7 2 8 3 8 1 2 4 2 3 5 1 6 6 1 2 1 1,328 Other capital 2,8 3 5 1 0 2 5 2 0 6 1 5 1 1 9 8 5 7 2 9 5 5 4 6 0 4 2 1 8 8 8 65 Total liabilities and capital 860,5 7 1 38,2 7 9 321,1 6 6 37,5 4 2 35,0 9 0 79,3 5 3 77,4 7 8 69,6 0 7 25,8 6 7 17,1 5 7 26,9 4 1 36,7 0 9 95,383 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 15, 2006 Federal Reserve notes outstanding 945,589 Less: Notes held by F.R. Banks not subject to collateralization 180,634 Federal Reserve notes to be collateralized 764,955 Collateral held against Federal Reserve notes 764,955 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 751,719 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 805,300 Less: face value of securities under reverse repurchase agreements 32,821 U.S. Treasury and agency securities eligible to be pledged 772,480 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.