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 14, 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 13, 2006 Dec 6, 2006 Dec 14, 2005 Dec 13, 2006 Reserve Bank credit 837,607 - 4,757 + 25,985 838,600 Securities held outright 775,414 + 2,046 + 31,229 775,603 U.S. Treasury1 775,414 + 2,046 + 31,229 775,603 Bills2 277,019 0 + 5,749 277,019 Notes and bonds, nominal2 464,241 + 2,088 + 14,646 464,445 Notes and bonds, inflation-indexed2 30,105 0 + 10,122 30,105 Inflation compensation3 4,050 - 42 + 713 4,035 Federal agency2 0 0 0 0 Repurchase agreements4 22,464 - 7,215 - 4,715 21,250 Loans to depository institutions 228 + 45 + 147 936 Primary credit 147 + 46 + 136 853 Secondary credit 0 0 0 0 Seasonal credit 81 - 1 + 11 84 Float 1,527 + 337 - 517 2,706 Other Federal Reserve assets 37,973 + 28 - 161 38,105 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,217 + 14 + 1,677 38,217 Total factors supplying reserve funds 889,064 - 4,744 + 27,661 890,058 Currency in circulation5 806,257 + 629 + 26,887 808,488 Reverse repurchase agreements6 28,082 - 1,119 + 2,910 28,302 Foreign official and international accounts 28,082 - 1,119 + 2,910 28,302 Dealers 0 0 0 0 Treasury cash holdings 180 + 14 - 19 201 Deposits with F.R. Banks, other than reserve balances 12,109 - 192 - 2,455 11,866 U.S. Treasury, general account 4,740 - 320 - 656 4,500 Foreign official 91 0 - 8 91 Service-related 7,015 + 183 - 1,790 7,015 Required clearing balances 7,015 + 183 - 1,790 7,015 Adjustments to compensate for float 0 0 0 0 Other 264 - 55 - 1 260 Other liabilities and capital 36,439 + 101 + 3,331 36,119 Total factors, other than reserve balances, absorbing reserve funds 883,067 - 568 + 30,655 884,975 Reserve balances with Federal Reserve Banks 5,998 - 4,175 - 2,993 5,083 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,730,274 + 17,705 + 219,790 1,738,464 U.S. Treasury 1,161,198 + 12,672 + 58,148 1,162,238 Federal agency 569,076 + 5,033 + 161,643 576,225 Securities lent to dealers 3,146 + 1,114 - 674 952 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 13, 2006 Dec 6, 2006 Dec 14, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 827 + 13 + 116 Securities, repurchase agreements, and loans 797,790 - 8,691 + 25,262 Securities held outright 775,603 + 1,388 + 31,414 U.S. Treasury1 775,603 + 1,388 + 31,414 Bills2 277,019 0 + 5,749 Notes and bonds, nominal2 464,445 + 1,430 + 14,850 Notes and bonds, inflation-indexed2 30,105 0 + 10,122 Inflation compensation3 4,035 - 42 + 694 Federal agency2 0 0 0 Repurchase agreements4 21,250 - 10,750 - 7,000 Loans 936 + 670 + 847 Items in process of collection (1,683) 7,585 + 158 - 943 Bank premises 1,921 - 2 + 73 Other assets5 36,444 + 186 - 366 Total assets (1,683) 857,804 - 8,336 + 24,143 Liabilities Federal Reserve notes, net of F.R. Bank holdings 771,295 + 1,638 + 24,724 Reverse repurchase agreements6 28,302 - 737 + 1,727 Deposits (0) 17,209 - 9,250 - 4,337 Depository institutions 12,358 - 9,217 - 3,870 U.S. Treasury, general account 4,500 - 23 - 490 Foreign official 91 - 3 + 7 Other (0) 260 - 7 + 16 Deferred availability cash items (1,683) 4,879 + 47 - 1,300 Other liabilities and accrued dividends7 6,011 + 43 + 1,630 Total liabilities (1,683) 827,696 - 8,258 + 22,444 Capital accounts Capital paid in 15,314 + 6 + 1,784 Surplus 10,554 0 - 1,076 Other capital accounts 4,240 - 83 + 990 Total capital 30,108 - 77 + 1,699 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 13, 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 866 51,484 - 821 0 0 21,250 28,302 16 days to 90 days 71 168,695 + 1,111 0 0 0 0 91 days to 1 year 0 186,441 - 292 0 0 . . . . . . Over 1 year to 5 years . . . 221,541 + 1,416 0 0 . . . . . . Over 5 years to 10 years . . . 67,668 - 10 0 0 . . . . . . Over 10 years . . . 79,773 - 17 0 0 . . . . . . All 936 775,603 + 1,388 0 0 21,250 28,302 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 13, 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 2 7 2 5 5 1 5 8 7 9 8 1 9 9 9 9 3 8 3 1 6 3 8 2 121 Securities, repurchase agreements, and loans 797,7 9 0 37,0 1 8 309,1 7 4 33,6 7 4 33,4 9 0 64,4 2 9 64,9 3 8 71,2 4 4 24,6 4 2 15,7 9 1 22,7 2 9 34,8 0 9 85,852 Securities held outright 775,6 0 3 37,0 1 1 287,0 7 2 33,6 7 3 33,4 9 0 64,4 2 9 64,9 3 1 71,2 1 6 24,6 4 2 15,7 6 8 22,7 1 1 34,8 0 8 85,852 U.S. Treasury1 775,6 0 3 37,0 1 1 287,0 7 2 33,6 7 3 33,4 9 0 64,4 2 9 64,9 3 1 71,2 1 6 24,6 4 2 15,7 6 8 22,7 1 1 34,8 0 8 85,852 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 498,5 8 4 23,7 9 2 184,5 4 0 21,6 4 6 21,5 2 9 41,4 1 7 41,7 4 0 45,7 8 0 15,8 4 1 10,1 3 6 14,6 0 0 22,3 7 6 55,188 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 21,2 5 0 0 21,2 5 0 0 0 0 0 0 0 0 0 0 0 Loans 9 3 6 7 8 5 3 0 0 0 7 2 8 0 2 3 1 8 1 0 Items in process of collection 9,2 6 8 3 3 0 2 7 6 9 0 0 8 9 0 4 4 4 1,2 1 0 8 5 8 1 8 3 3 4 2 1,2 3 9 4 9 0 2,107 Bank premises 1,9 2 1 1 1 6 2 0 7 5 8 1 5 7 1 6 6 2 3 1 2 0 7 7 7 1 1 6 1 4 7 2 5 9 179 Other assets5 36,4 4 4 1,2 0 9 11,8 2 8 1,8 5 2 2,2 7 1 7,0 1 2 2,7 2 8 2,7 2 4 7 3 2 6 9 9 7 1 4 9 3 4 3,740 Interdistrict settlement account 0 + 4 2 -12,4 3 5 + 3 9 7 - 3,5 0 0 + 2,7 0 6 + 8,3 8 1 - 5,6 1 9 + 7 9 7 - 4 6 6 + 3,7 2 5 + 1,7 9 4 + 4,177 Total assets 859,4 8 7 39,3 4 2 314,1 1 5 37,4 8 4 33,9 3 8 75,8 3 8 78,7 7 7 70,6 7 3 26,8 6 9 16,7 5 3 29,0 0 6 39,0 3 9 97,653 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 13, 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 955,5 6 5 39,3 1 1 343,3 9 9 38,8 4 9 36,4 5 0 75,4 4 7 96,6 2 9 79,9 2 8 28,2 2 9 17,5 6 1 30,3 3 7 55,6 4 2 113,782 Less: notes held by F.R. Banks 184,2 7 0 3,5 0 1 56,7 1 2 7,6 5 4 7,3 6 8 12,5 2 3 25,5 0 3 15,6 5 5 3,4 0 5 2,7 9 2 4,2 4 0 19,6 1 1 25,307 Federal Reserve notes, net 771,2 9 5 35,8 1 0 286,6 8 7 31,1 9 4 29,0 8 2 62,9 2 4 71,1 2 6 64,2 7 4 24,8 2 4 14,7 7 0 26,0 9 7 36,0 3 0 88,475 Reverse repurchase agreements1 28,3 0 2 1,3 5 1 10,4 7 5 1,2 2 9 1,2 2 2 2,3 5 1 2,3 6 9 2,5 9 9 8 9 9 5 7 5 8 2 9 1,2 7 0 3,133 Deposits 17,2 0 9 6 6 9 7,8 9 1 5 0 1 6 5 0 1,2 5 3 1,5 7 9 1,0 7 6 4 6 0 2 7 0 4 3 6 6 3 6 1,788 Depository institutions 12,3 5 8 6 6 8 3,1 5 5 4 9 9 6 4 5 1,1 6 6 1,5 7 6 1,0 7 3 4 5 2 2 6 9 4 3 5 6 3 6 1,784 U.S. Treasury, general account 4,5 0 0 0 4,5 0 0 0 0 0 0 0 0 0 0 0 0 Foreign official 9 1 1 6 2 2 3 1 1 3 3 0 1 1 0 4 Other 2 6 0 0 1 7 4 0 1 7 5 0 0 8 0 1 0 0 Deferred availability cash items 6,5 6 2 4 1 8 1 3 0 9 9 1 5 0 5 4 8 0 6 1 9 4 1 4 1 1 0 4 2 1 1,0 8 3 3 6 2 1,028 Other liabilities and accrued dividends2 6,0 1 1 2 7 7 1,9 5 8 3 0 4 3 0 0 6 7 0 5 0 3 5 4 3 2 1 8 1 5 8 1 9 4 2 9 4 592 Total liabilities 829,3 7 9 38,5 2 5 307,1 4 1 34,2 1 9 31,7 5 9 67,6 7 8 76,1 9 6 68,9 0 6 26,5 1 1 16,1 9 5 28,6 3 9 38,5 9 3 95,017 Capital Capital paid in 15,3 1 4 3 9 6 3,7 2 6 1,8 0 9 1,0 8 6 4,0 9 1 1,2 7 5 8 5 5 1 6 6 2 7 6 1 7 6 2 1 1 1,246 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 4,2 4 0 1 1 2 1,6 4 3 7 3 3 9 7 8 3 1 4 3 4 7 4 6 7 4 8 2 5 1 1 5 62 Total liabilities and capital 859,4 8 7 39,3 4 2 314,1 1 5 37,4 8 4 33,9 3 8 75,8 3 8 78,7 7 7 70,6 7 3 26,8 6 9 16,7 5 3 29,0 0 6 39,0 3 9 97,653 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 13, 2006 Federal Reserve notes outstanding 955,565 Less: Notes held by F.R. Banks not subject to collateralization 184,270 Federal Reserve notes to be collateralized 771,295 Collateral held against Federal Reserve notes 771,295 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 758,058 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 796,853 Less: face value of securities under reverse repurchase agreements 28,396 U.S. Treasury and agency securities eligible to be pledged 768,457 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.