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 24, 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 22, 2006 Nov 15, 2006 Nov 23, 2005 Nov 22, 2006 Reserve Bank credit 838,938 + 4,106 + 32,430 850,597 Securities held outright 770,558 + 206 + 27,058 771,873 U.S. Treasury1 770,558 + 206 + 27,058 771,873 Bills2 277,019 0 + 5,891 277,019 Notes and bonds, nominal2 459,264 + 247 + 10,106 460,598 Notes and bonds, inflation-indexed2 30,105 0 + 10,122 30,105 Inflation compensation3 4,171 - 40 + 940 4,152 Federal agency2 0 0 0 0 Repurchase agreements4 31,964 + 6,178 + 7,393 43,000 Loans to depository institutions 199 + 77 + 81 139 Primary credit 100 + 97 + 77 43 Secondary credit 0 0 0 0 Seasonal credit 99 - 19 + 5 96 Float -382 + 84 - 1,478 -1,425 Other Federal Reserve assets 36,598 - 2,441 - 625 37,009 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,182 + 14 + 1,670 38,182 Total factors supplying reserve funds 890,361 + 4,120 + 34,100 902,020 Currency in circulation5 803,033 + 3,097 + 26,070 807,852 Reverse repurchase agreements6 31,193 - 1,282 + 6,265 29,335 Foreign official and international accounts 31,193 - 1,282 + 6,265 29,335 Dealers 0 0 0 0 Treasury cash holdings 175 - 7 - 35 163 Deposits with F.R. Banks, other than reserve balances 11,846 - 340 - 2,488 11,305 U.S. Treasury, general account 4,663 - 297 - 444 4,128 Foreign official 91 0 + 10 92 Service-related 6,805 - 22 - 2,018 6,805 Required clearing balances 6,805 - 2 - 2,018 6,805 Adjustments to compensate for float 0 - 20 0 0 Other 288 - 20 - 35 280 Other liabilities and capital 35,165 + 428 + 3,054 35,396 Total factors, other than reserve balances, absorbing reserve funds 881,412 + 1,896 + 32,866 884,051 Reserve balances with Federal Reserve Banks 8,949 + 2,224 + 1,234 17,969 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,709,606 + 5,882 + 209,957 1,713,472 U.S. Treasury 1,151,353 + 1,769 + 52,922 1,150,626 Federal agency 558,252 + 4,112 + 157,034 562,845 Securities lent to dealers 688 + 74 - 3,013 1,557 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 22, 2006 Nov 15, 2006 Nov 23, 2005 Assets Gold certificate account 11,037 0 + 1 Special drawing rights certificate account 2,200 0 0 Coin 805 - 28 + 99 Securities, repurchase agreements, and loans 815,012 + 9,594 + 38,104 Securities held outright 771,873 + 1,823 + 27,572 U.S. Treasury1 771,873 + 1,823 + 27,572 Bills2 277,019 0 + 5,749 Notes and bonds, nominal2 460,598 + 1,868 + 10,814 Notes and bonds, inflation-indexed2 30,105 0 + 10,122 Inflation compensation3 4,152 - 45 + 889 Federal agency2 0 0 0 Repurchase agreements4 43,000 + 7,750 + 10,500 Loans 139 + 21 + 31 Items in process of collection (1,194) 3,076 - 800 - 4,391 Bank premises 1,910 + 1 + 67 Other assets5 35,053 + 764 - 548 Total assets (1,194) 869,093 + 9,531 + 33,332 Liabilities Federal Reserve notes, net of F.R. Bank holdings 770,633 + 5,678 + 25,051 Reverse repurchase agreements6 29,335 - 3,429 + 4,848 Deposits (0) 29,228 + 6,359 + 2,332 Depository institutions 24,727 + 7,063 + 2,343 U.S. Treasury, general account 4,128 - 692 - 34 Foreign official 92 0 + 12 Other (0) 280 - 14 + 10 Deferred availability cash items (1,194) 4,501 + 143 - 2,198 Other liabilities and accrued dividends7 5,932 - 5 + 1,738 Total liabilities (1,194) 839,628 + 8,744 + 31,769 Capital accounts Capital paid in 15,295 + 6 + 1,797 Surplus 10,554 0 - 1,076 Other capital accounts 3,616 + 781 + 841 Total capital 29,465 + 787 + 1,562 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 22, 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 136 58,834 + 849 0 0 43,000 29,335 16 days to 90 days 3 158,397 + 3,178 0 0 0 0 91 days to 1 year 0 189,455 - 3,810 0 0 . . . . . . Over 1 year to 5 years . . . 219,213 + 1,534 0 0 . . . . . . Over 5 years to 10 years . . . 67,249 + 5,201 0 0 . . . . . . Over 10 years . . . 78,726 - 5,127 0 0 . . . . . . All 139 771,873 + 1,823 0 0 43,000 29,335 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 22, 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 0 5 2 2 4 2 5 8 7 5 7 8 9 4 9 5 4 1 3 1 6 4 7 7 129 Securities, repurchase agreements, and loans 815,0 1 2 36,8 3 4 328,6 9 1 33,5 1 1 33,3 2 9 64,1 2 0 64,6 2 4 70,9 1 6 24,5 6 7 15,7 1 7 22,6 2 1 34,6 4 3 85,439 Securities held outright 771,8 7 3 36,8 3 3 285,6 9 1 33,5 1 1 33,3 2 9 64,1 2 0 64,6 1 9 70,8 7 3 24,5 2 4 15,6 9 2 22,6 0 2 34,6 4 1 85,439 U.S. Treasury1 771,8 7 3 36,8 3 3 285,6 9 1 33,5 1 1 33,3 2 9 64,1 2 0 64,6 1 9 70,8 7 3 24,5 2 4 15,6 9 2 22,6 0 2 34,6 4 1 85,439 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 494,8 5 5 23,6 1 4 183,1 5 9 21,4 8 4 21,3 6 8 41,1 0 8 41,4 2 8 45,4 3 7 15,7 2 2 10,0 6 0 14,4 9 0 22,2 0 8 54,776 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 43,0 0 0 0 43,0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 1 3 9 2 0 0 0 0 5 4 3 4 4 2 5 1 9 2 0 Items in process of collection 4,2 7 0 2 5 6 1 5 4 -5 7 9 5 8 5 3 5 9 6 3 0 2 0 0 1 3 6 4 5 3 6 9 9 4 0 7 970 Bank premises 1,9 1 0 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 6 0 179 Other assets5 35,0 5 3 1,1 4 9 11,3 3 2 1,8 6 7 2,2 0 8 6,8 4 0 2,5 7 1 2,5 9 8 6 8 5 6 6 9 6 7 7 8 7 9 3,579 Interdistrict settlement account 0 - 2 7 7 -18,7 2 1 + 2,1 7 4 - 1,6 7 8 + 5,9 9 2 + 9,1 5 6 - 4,7 9 3 - 6 6 + 2 2 + 2,3 8 3 + 7 7 6 + 5,031 Total assets 870,2 8 7 38,7 0 1 326,7 1 9 37,6 3 5 35,2 2 7 78,5 5 3 78,4 9 5 70,3 8 3 25,8 3 7 17,2 5 0 26,9 7 0 37,7 1 4 96,802 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. 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 22, 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 946,7 4 2 38,5 1 4 344,2 3 1 39,0 2 9 36,7 0 4 75,1 0 1 96,1 5 9 78,4 3 2 27,2 4 5 17,5 7 1 28,6 1 9 53,5 5 8 111,579 Less: notes held by F.R. Banks 176,1 0 8 3,5 3 9 53,4 2 4 7,4 5 2 6,9 9 3 11,8 2 6 25,1 4 9 14,8 8 2 3,4 7 2 2,3 7 5 4,1 1 4 18,9 3 0 23,952 Federal Reserve notes, net 770,6 3 3 34,9 7 5 290,8 0 8 31,5 7 7 29,7 1 0 63,2 7 6 71,0 0 9 63,5 5 0 23,7 7 4 15,1 9 5 24,5 0 5 34,6 2 8 87,626 Reverse repurchase agreements1 29,3 3 5 1,4 0 0 10,8 5 8 1,2 7 4 1,2 6 7 2,4 3 7 2,4 5 6 2,6 9 4 9 3 2 5 9 6 8 5 9 1,3 1 7 3,247 Deposits 29,2 2 8 8 3 1 16,7 7 5 5 3 2 1,2 6 1 3,4 0 8 1,3 7 6 1,4 3 7 4 2 5 2 8 1 4 3 5 7 0 5 1,762 Depository institutions 24,7 2 7 8 2 6 12,4 0 7 5 3 0 1,2 5 7 3,3 0 3 1,3 7 3 1,4 3 4 4 2 1 2 8 1 4 3 3 7 0 5 1,758 U.S. Treasury, general account 4,1 2 8 0 4,1 2 8 0 0 0 0 0 0 0 0 0 0 Foreign official 9 2 1 6 3 2 3 1 1 3 3 0 1 1 0 4 Other 2 8 0 4 1 7 6 0 1 9 3 0 0 4 0 1 0 0 Deferred availability cash items 5,6 9 4 3 9 7 1 3 3 7 6 4 4 7 6 5 1 6 6 4 5 3 5 3 1 2 9 4 5 2 6 0 5 3 1 6 910 Other liabilities and accrued dividends2 5,9 3 2 2 7 8 1,9 3 7 2 9 9 2 9 4 6 3 9 4 9 6 5 4 3 2 1 8 1 5 6 1 9 2 2 9 1 589 Total liabilities 840,8 2 2 37,8 8 1 320,5 0 9 34,4 4 5 33,0 0 8 70,2 7 5 75,9 8 1 68,5 7 6 25,4 7 8 16,6 8 1 26,5 9 6 37,2 5 7 94,134 Capital Capital paid in 15,2 9 5 3 9 0 3,7 2 6 1,8 1 2 1,0 8 6 4,0 8 7 1,2 7 6 8 4 6 1 6 6 2 7 6 1 7 6 2 1 0 1,244 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 3,6 1 6 1 2 1 8 7 9 6 5 5 1 3 7 9 5 4 3 6 5 1 2 3 6 8 5 7 3 3 1 2 6 97 Total liabilities and capital 870,2 8 7 38,7 0 1 326,7 1 9 37,6 3 5 35,2 2 7 78,5 5 3 78,4 9 5 70,3 8 3 25,8 3 7 17,2 5 0 26,9 7 0 37,7 1 4 96,802 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 22, 2006 Federal Reserve notes outstanding 946,742 Less: Notes held by F.R. Banks not subject to collateralization 176,108 Federal Reserve notes to be collateralized 770,633 Collateral held against Federal Reserve notes 770,633 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 757,397 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 814,873 Less: face value of securities under reverse repurchase agreements 29,528 U.S. Treasury and agency securities eligible to be pledged 785,346 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.