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 December 7, 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 Dec 6, 2006 Nov 29, 2006 Dec 7, 2005 Dec 6, 2006 Reserve Bank credit 842,371 - 1,641 + 28,727 847,267 Securities held outright 773,368 + 1,294 + 29,193 774,215 U.S. Treasury1 773,368 + 1,294 + 29,193 774,215 Bills2 277,019 0 + 5,749 277,019 Notes and bonds, nominal2 462,153 + 1,335 + 12,558 463,015 Notes and bonds, inflation-indexed2 30,105 0 + 10,122 30,105 Inflation compensation3 4,092 - 41 + 766 4,077 Federal agency2 0 0 0 0 Repurchase agreements4 29,679 - 5,071 - 1,214 32,000 Loans to depository institutions 183 + 72 + 97 266 Primary credit 101 + 90 + 84 183 Secondary credit 0 0 0 0 Seasonal credit 82 - 19 + 13 84 Float 1,197 + 1,580 + 231 2,595 Other Federal Reserve assets 37,945 + 486 + 421 38,190 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,203 + 14 + 1,663 38,203 Total factors supplying reserve funds 893,815 - 1,626 + 30,390 898,710 Currency in circulation5 805,628 - 2,099 + 27,520 806,873 Reverse repurchase agreements6 29,201 - 1,275 + 401 29,039 Foreign official and international accounts 29,201 - 1,275 + 401 29,039 Dealers 0 0 0 0 Treasury cash holdings 166 + 3 - 38 176 Deposits with F.R. Banks, other than reserve balances 12,301 + 60 - 1,739 11,716 U.S. Treasury, general account 5,060 + 30 + 128 4,523 Foreign official 91 + 1 + 9 94 Service-related 6,832 0 - 1,902 6,832 Required clearing balances 6,832 0 - 1,902 6,832 Adjustments to compensate for float 0 0 0 0 Other 319 + 29 + 26 267 Other liabilities and capital 36,338 + 413 + 4,213 36,153 Total factors, other than reserve balances, absorbing reserve funds 883,635 - 2,897 + 30,359 883,958 Reserve balances with Federal Reserve Banks 10,180 + 1,271 + 32 14,753 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,712,569 + 1,257 + 201,195 1,723,889 U.S. Treasury 1,148,526 - 731 + 43,158 1,156,628 Federal agency 564,043 + 1,989 + 158,037 567,261 Securities lent to dealers 2,032 + 749 - 1,304 2,447 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 Dec 6, 2006 Nov 29, 2006 Dec 7, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 814 + 28 + 119 Securities, repurchase agreements, and loans 806,481 + 743 + 30,183 Securities held outright 774,215 + 1,605 + 30,036 U.S. Treasury1 774,215 + 1,605 + 30,036 Bills2 277,019 0 + 5,749 Notes and bonds, nominal2 463,015 + 1,647 + 13,420 Notes and bonds, inflation-indexed2 30,105 0 + 10,122 Inflation compensation3 4,077 - 41 + 747 Federal agency2 0 0 0 Repurchase agreements4 32,000 - 1,000 0 Loans 266 + 138 + 147 Items in process of collection (1,838) 7,427 + 4,339 - 676 Bank premises 1,923 + 11 + 74 Other assets5 36,258 + 366 + 490 Total assets (1,838) 866,140 + 5,488 + 30,189 Liabilities Federal Reserve notes, net of F.R. Bank holdings 769,657 - 1,410 + 26,161 Reverse repurchase agreements6 29,039 - 1,684 + 1,247 Deposits (0) 26,459 + 7,217 + 833 Depository institutions 21,575 + 7,547 + 1,387 U.S. Treasury, general account 4,523 - 284 - 553 Foreign official 94 + 2 + 13 Other (0) 267 - 49 - 14 Deferred availability cash items (1,838) 4,832 + 959 - 2,273 Other liabilities and accrued dividends7 5,968 - 16 + 1,633 Total liabilities (1,838) 835,954 + 5,064 + 27,602 Capital accounts Capital paid in 15,308 + 3 + 1,785 Surplus 10,554 0 - 1,076 Other capital accounts 4,323 + 419 + 1,877 Total capital 30,185 + 423 + 2,586 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, December 6, 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 194 52,305 - 7,490 0 0 32,000 29,039 16 days to 90 days 72 167,584 + 9,231 0 0 0 0 91 days to 1 year 0 186,733 - 1,803 0 0 . . . . . . Over 1 year to 5 years . . . 220,125 + 923 0 0 . . . . . . Over 5 years to 10 years . . . 67,678 + 437 0 0 . . . . . . Over 10 years . . . 79,790 + 308 0 0 . . . . . . All 266 774,215 + 1,605 0 0 32,000 29,039 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 December 6, 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 1 4 2 4 4 8 5 8 7 6 8 0 9 7 9 7 3 9 3 1 6 3 7 8 123 Securities, repurchase agreements, and loans 806,4 8 1 36,9 5 1 318,5 5 8 33,6 1 3 33,4 3 0 64,3 1 4 64,8 2 9 71,1 2 4 24,7 6 3 15,7 5 9 22,6 9 5 34,7 4 7 85,698 Securities held outright 774,2 1 5 36,9 4 4 286,5 5 8 33,6 1 3 33,4 3 0 64,3 1 4 64,8 1 5 71,0 8 8 24,5 9 8 15,7 3 9 22,6 7 1 34,7 4 6 85,698 U.S. Treasury1 774,2 1 5 36,9 4 4 286,5 5 8 33,6 1 3 33,4 3 0 64,3 1 4 64,8 1 5 71,0 8 8 24,5 9 8 15,7 3 9 22,6 7 1 34,7 4 6 85,698 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 497,1 9 6 23,7 2 5 184,0 2 6 21,5 8 6 21,4 6 9 41,3 0 2 41,6 2 4 45,6 5 3 15,7 9 7 10,1 0 8 14,5 5 9 22,3 1 4 55,035 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 32,0 0 0 0 32,0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 2 6 6 7 0 0 0 0 1 4 3 6 1 6 5 2 0 2 4 1 0 Items in process of collection 9,2 6 5 3 2 7 5 6 0 8 4 3 8 1 3 5 4 4 2,7 4 6 5 6 7 2 3 1 2 9 4 5 3 0 5 9 0 1,219 Bank premises 1,9 2 3 1 1 6 2 0 8 5 8 1 5 7 1 6 6 2 3 1 2 0 9 7 7 1 1 6 1 4 7 2 5 9 179 Other assets5 36,2 5 8 1,1 9 2 11,7 2 2 1,9 1 7 2,2 6 9 7,0 4 0 2,6 9 4 2,6 9 5 7 1 4 6 9 9 7 0 2 9 1 4 3,699 Interdistrict settlement account 0 - 2 0 3 -12,8 8 4 + 5 4 5 - 2,6 0 3 + 4,4 8 1 + 6,5 8 6 - 5,4 6 9 + 4 6 - 2 8 4 + 3,0 8 5 + 1,8 0 0 + 4,900 Total assets 867,9 7 7 39,0 0 9 323,2 2 5 37,5 8 0 34,6 9 2 77,6 2 4 78,3 7 1 70,3 8 3 26,2 7 0 16,8 5 7 27,6 1 2 39,0 6 1 97,294 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. 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 December 6, 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 951,5 9 7 39,0 0 5 343,6 3 7 38,9 1 9 36,5 4 0 75,3 1 9 96,1 2 7 79,4 0 1 27,6 0 4 17,5 3 2 29,1 6 1 55,2 6 2 113,091 Less: notes held by F.R. Banks 181,9 4 1 3,6 2 8 55,3 0 4 7,7 1 9 7,3 0 7 12,2 0 2 25,5 1 5 15,5 3 0 3,4 5 0 2,5 7 4 4,1 3 2 19,3 5 7 25,222 Federal Reserve notes, net 769,6 5 7 35,3 7 7 288,3 3 3 31,1 9 9 29,2 3 3 63,1 1 7 70,6 1 2 63,8 7 1 24,1 5 3 14,9 5 7 25,0 2 9 35,9 0 6 87,869 Reverse repurchase agreements1 29,0 3 9 1,3 8 6 10,7 4 8 1,2 6 1 1,2 5 4 2,4 1 2 2,4 3 1 2,6 6 6 9 2 3 5 9 0 8 5 0 1,3 0 3 3,214 Deposits 26,4 5 9 7 1 8 15,2 1 7 5 0 6 1,0 1 8 2,6 1 8 1,5 4 9 1,1 0 3 4 4 5 2 3 1 4 8 5 6 7 3 1,896 Depository institutions 21,5 7 5 7 1 7 10,4 5 6 5 0 1 1,0 1 4 2,5 2 5 1,5 4 7 1,1 0 0 4 3 7 2 3 0 4 8 4 6 7 2 1,892 U.S. Treasury, general account 4,5 2 3 0 4,5 2 3 0 0 0 0 0 0 0 0 0 0 Foreign official 9 4 1 6 5 2 3 1 1 3 3 0 1 1 0 4 Other 2 6 7 0 1 7 3 2 0 8 2 0 0 7 0 1 0 0 Deferred availability cash items 6,6 7 0 4 2 9 1 9 0 1,0 6 0 6 8 6 5 2 2 6 6 4 4 1 0 1 8 0 3 5 4 6 7 7 4 4 4 1,052 Other liabilities and accrued dividends2 5,9 6 8 2 7 8 1,9 3 9 2 9 9 2 9 7 6 6 6 5 0 0 5 3 8 2 1 7 1 5 6 2 0 1 2 9 1 584 Total liabilities 837,7 9 2 38,1 8 9 316,4 2 8 34,3 2 5 32,4 8 7 69,3 3 5 75,7 5 7 68,5 8 8 25,9 1 8 16,2 8 9 27,2 4 3 38,6 1 7 94,616 Capital Capital paid in 15,3 0 8 3 9 6 3,7 2 6 1,8 1 2 1,0 8 6 4,0 9 1 1,2 7 4 8 4 9 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 4,3 2 3 1 1 6 1,4 6 6 7 2 0 1 2 3 9 6 0 4 6 8 1 0 8 6 1 5 7 2 7 1 1 3 105 Total liabilities and capital 867,9 7 7 39,0 0 9 323,2 2 5 37,5 8 0 34,6 9 2 77,6 2 4 78,3 7 1 70,3 8 3 26,2 7 0 16,8 5 7 27,6 1 2 39,0 6 1 97,294 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 Dec 6, 2006 Federal Reserve notes outstanding 951,597 Less: Notes held by F.R. Banks not subject to collateralization 181,941 Federal Reserve notes to be collateralized 769,657 Collateral held against Federal Reserve notes 769,657 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 756,420 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 806,215 Less: face value of securities under reverse repurchase agreements 29,172 U.S. Treasury and agency securities eligible to be pledged 777,043 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.