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 30, 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 29, 2006 Nov 22, 2006 Nov 30, 2005 Nov 29, 2006 Reserve Bank credit 844,012 + 5,073 + 31,296 842,782 Securities held outright 772,074 + 1,516 + 27,768 772,610 U.S. Treasury1 772,074 + 1,516 + 27,768 772,610 Bills2 277,019 0 + 5,749 277,019 Notes and bonds, nominal2 460,818 + 1,554 + 11,061 461,368 Notes and bonds, inflation-indexed2 30,105 0 + 10,122 30,105 Inflation compensation3 4,133 - 38 + 838 4,118 Federal agency2 0 0 0 0 Repurchase agreements4 34,750 + 2,786 + 4,929 33,000 Loans to depository institutions 111 - 88 + 8 128 Primary credit 11 - 89 + 5 26 Secondary credit 0 0 0 0 Seasonal credit 101 + 2 + 4 102 Float -383 - 2 - 1,299 -786 Other Federal Reserve assets 37,459 + 861 - 111 37,830 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,196 + 14 + 1,656 38,196 Total factors supplying reserve funds 895,449 + 5,087 + 32,953 894,219 Currency in circulation5 807,735 + 4,702 + 27,124 808,317 Reverse repurchase agreements6 30,476 - 717 + 4,694 30,723 Foreign official and international accounts 30,476 - 717 + 4,694 30,723 Dealers 0 0 0 0 Treasury cash holdings 163 - 12 - 41 164 Deposits with F.R. Banks, other than reserve balances 12,241 + 395 - 1,971 12,046 U.S. Treasury, general account 5,030 + 367 - 60 4,807 Foreign official 90 - 1 + 7 92 Service-related 6,832 + 27 - 1,922 6,832 Required clearing balances 6,832 + 27 - 1,922 6,832 Adjustments to compensate for float 0 0 0 0 Other 290 + 2 + 6 316 Other liabilities and capital 35,925 + 760 + 3,610 35,746 Total factors, other than reserve balances, absorbing reserve funds 886,540 + 5,128 + 33,417 886,997 Reserve balances with Federal Reserve Banks 8,910 - 40 - 463 7,223 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,711,312 + 1,706 + 207,357 1,707,124 U.S. Treasury 1,149,257 - 2,096 + 49,139 1,146,412 Federal agency 562,054 + 3,802 + 158,217 560,712 Securities lent to dealers 1,283 + 595 - 1,672 3,585 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 29, 2006 Nov 22, 2006 Nov 30, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 786 - 19 + 102 Securities, repurchase agreements, and loans 805,738 - 9,274 + 26,234 Securities held outright 772,610 + 737 + 28,442 U.S. Treasury1 772,610 + 737 + 28,442 Bills2 277,019 0 + 5,749 Notes and bonds, nominal2 461,368 + 770 + 11,773 Notes and bonds, inflation-indexed2 30,105 0 + 10,122 Inflation compensation3 4,118 - 34 + 799 Federal agency2 0 0 0 Repurchase agreements4 33,000 - 10,000 - 2,250 Loans 128 - 11 + 42 Items in process of collection (827) 3,088 + 12 - 3,888 Bank premises 1,912 + 2 + 66 Other assets5 35,892 + 839 + 387 Total assets (827) 860,652 - 8,441 + 22,900 Liabilities Federal Reserve notes, net of F.R. Bank holdings 771,067 + 434 + 26,500 Reverse repurchase agreements6 30,723 + 1,388 + 668 Deposits (0) 19,242 - 9,986 - 5,932 Depository institutions 14,028 - 10,699 - 6,176 U.S. Treasury, general account 4,807 + 679 + 173 Foreign official 92 0 + 10 Other (0) 316 + 36 + 61 Deferred availability cash items (827) 3,873 - 628 - 2,218 Other liabilities and accrued dividends7 5,984 + 52 + 1,753 Total liabilities (827) 830,890 - 8,738 + 20,772 Capital accounts Capital paid in 15,305 + 10 + 1,804 Surplus 10,554 0 - 1,076 Other capital accounts 3,904 + 288 + 1,401 Total capital 29,762 + 297 + 2,128 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 29, 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 124 59,795 + 961 0 0 33,000 30,723 16 days to 90 days 4 158,353 - 44 0 0 0 0 91 days to 1 year 0 188,536 - 919 0 0 . . . . . . Over 1 year to 5 years . . . 219,202 - 11 0 0 . . . . . . Over 5 years to 10 years . . . 67,241 - 8 0 0 . . . . . . Over 10 years . . . 79,482 + 756 0 0 . . . . . . All 128 772,610 + 737 0 0 33,000 30,723 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 29, 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 7 8 6 2 3 4 3 5 7 7 3 7 5 9 2 9 3 4 0 3 1 6 0 7 4 126 Securities, repurchase agreements, and loans 805,7 3 8 36,8 7 0 318,9 6 4 33,5 4 4 33,3 6 1 64,2 0 6 64,6 8 7 70,9 9 0 24,5 4 9 15,7 2 9 22,6 4 2 34,6 7 5 85,520 Securities held outright 772,6 1 0 36,8 6 8 285,9 6 4 33,5 4 3 33,3 6 1 64,1 8 1 64,6 8 0 70,9 4 1 24,5 4 7 15,7 0 7 22,6 2 4 34,6 7 4 85,520 U.S. Treasury1 772,6 1 0 36,8 6 8 285,9 6 4 33,5 4 3 33,3 6 1 64,1 8 1 64,6 8 0 70,9 4 1 24,5 4 7 15,7 0 7 22,6 2 4 34,6 7 4 85,520 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 495,5 9 1 23,6 4 9 183,4 3 2 21,5 1 6 21,3 9 9 41,1 6 9 41,4 8 9 45,5 0 5 15,7 4 6 10,0 7 5 14,5 1 2 22,2 4 2 54,857 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 33,0 0 0 0 33,0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 1 2 8 2 0 0 0 2 6 7 4 9 2 2 2 1 9 1 0 Items in process of collection 3,9 1 4 1 7 2 6 3 3 6 4 3 4 2 4 6 5 4 3 8 2 0 4 1 1 9 1 9 7 5 1 6 2 9 2 743 Bank premises 1,9 1 2 1 1 5 2 0 7 5 8 1 5 7 1 6 4 2 3 1 2 0 9 7 7 1 1 6 1 3 8 2 6 0 179 Other assets5 35,8 9 2 1,1 8 2 11,6 1 5 1,9 0 5 2,2 5 2 6,9 7 1 2,6 4 4 2,6 6 8 7 0 4 6 8 4 6 9 8 9 0 5 3,664 Interdistrict settlement account 0 - 2 8 4 -16,5 7 6 + 9 7 1 - 1,9 9 6 + 4,4 4 5 + 9,5 4 3 - 5,2 5 3 - 2 1 - 5 9 + 2,3 8 8 + 1,5 9 6 + 5,245 Total assets 861,4 7 9 38,6 7 8 319,3 2 9 37,4 4 4 34,7 3 9 77,3 2 7 78,8 2 5 70,0 7 0 25,8 6 7 16,9 3 9 26,8 3 3 38,4 7 5 96,954 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 29, 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 948,1 4 5 38,7 8 8 343,9 1 3 38,9 6 9 36,6 4 1 75,1 2 5 96,1 2 6 78,6 6 2 27,2 1 2 17,5 5 0 28,5 9 2 54,5 5 2 112,016 Less: notes held by F.R. Banks 177,0 7 8 3,5 1 1 53,2 2 5 7,6 3 2 7,1 2 6 11,6 9 5 25,1 6 4 15,0 7 3 3,4 1 5 2,4 9 8 4,0 8 1 19,1 9 8 24,460 Federal Reserve notes, net 771,0 6 7 35,2 7 8 290,6 8 8 31,3 3 7 29,5 1 5 63,4 3 0 70,9 6 2 63,5 8 9 23,7 9 7 15,0 5 2 24,5 1 0 35,3 5 4 87,555 Reverse repurchase agreements1 30,7 2 3 1,4 6 6 11,3 7 2 1,3 3 4 1,3 2 7 2,5 5 2 2,5 7 2 2,8 2 1 9 7 6 6 2 5 9 0 0 1,3 7 9 3,401 Deposits 19,2 4 2 5 3 6 8,7 6 0 5 3 3 9 5 0 1,9 3 9 1,6 6 9 1,0 9 4 4 3 8 2 4 8 4 3 7 6 9 5 1,943 Depository institutions 14,0 2 8 5 3 3 3,6 7 5 5 3 1 9 4 5 1,8 4 1 1,6 6 6 1,0 9 1 4 3 0 2 4 7 4 3 5 6 9 5 1,939 U.S. Treasury, general account 4,8 0 7 0 4,8 0 7 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 3 1 6 2 2 1 6 0 1 8 7 0 0 8 0 1 0 0 Deferred availability cash items 4,7 0 0 3 0 3 8 0 7 1 5 4 4 0 4 6 7 5 5 1 2 3 6 9 3 2 9 3 4 2 1 3 1 0 790 Other liabilities and accrued dividends2 5,9 8 4 2 7 9 1,9 4 4 3 0 3 2 9 7 6 6 4 5 0 0 5 4 3 2 1 9 1 5 5 1 9 6 2 9 2 591 Total liabilities 831,7 1 6 37,8 6 2 312,8 4 4 34,2 2 2 32,5 2 8 69,0 5 2 76,2 5 4 68,2 8 3 25,5 2 4 16,3 7 3 26,4 6 4 38,0 3 1 94,280 Capital Capital paid in 15,3 0 5 3 9 6 3,7 2 6 1,8 1 2 1,0 8 6 4,0 8 7 1,2 7 8 8 4 7 1 6 6 2 7 6 1 7 6 2 1 1 1,245 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 3,9 0 4 1 1 2 1,1 5 4 6 8 8 1 2 8 9 5 0 4 2 1 1 0 3 5 3 5 5 2 7 1 1 2 101 Total liabilities and capital 861,4 7 9 38,6 7 8 319,3 2 9 37,4 4 4 34,7 3 9 77,3 2 7 78,8 2 5 70,0 7 0 25,8 6 7 16,9 3 9 26,8 3 3 38,4 7 5 96,954 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 29, 2006 Federal Reserve notes outstanding 948,145 Less: Notes held by F.R. Banks not subject to collateralization 177,078 Federal Reserve notes to be collateralized 771,067 Collateral held against Federal Reserve notes 771,067 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 757,830 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 805,610 Less: face value of securities under reverse repurchase agreements 30,897 U.S. Treasury and agency securities eligible to be pledged 774,712 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.