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 January 11, 2007 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 Jan 10, 2007 Jan 3, 2007 Jan 11, 2006 Jan 10, 2007 Reserve Bank credit 844,553 - 14,901 + 28,683 839,576 Securities held outright 778,902 - 14 + 34,653 778,898 U.S. Treasury1 778,902 - 14 + 34,653 778,898 Bills2 277,019 0 + 5,609 277,019 Notes and bonds, nominal2 467,864 0 + 18,746 467,864 Notes and bonds, inflation-indexed2 30,105 0 + 9,738 30,105 Inflation compensation3 3,915 - 13 + 561 3,911 Federal agency2 0 0 0 0 Repurchase agreements4 26,571 - 14,286 - 3,822 21,500 Loans to depository institutions 39 - 194 0 21 Primary credit 22 - 158 + 6 2 Secondary credit 0 0 0 0 Seasonal credit 16 - 38 - 7 19 Float -269 - 65 - 1,564 -246 Other Federal Reserve assets 39,309 - 342 - 585 39,403 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,247 + 14 + 1,707 38,247 Total factors supplying reserve funds 896,041 - 14,887 + 30,388 891,064 Currency in circulation5 812,478 - 7,352 + 25,729 810,087 Reverse repurchase agreements6 29,659 + 114 + 4,511 28,921 Foreign official and international accounts 29,659 + 114 + 4,511 28,921 Dealers 0 0 0 0 Treasury cash holdings 261 + 8 + 58 245 Deposits with F.R. Banks, other than reserve balances 12,068 - 665 - 2,470 12,257 U.S. Treasury, general account 4,797 - 230 + 2 4,999 Foreign official 90 - 4 + 8 91 Service-related 6,937 + 81 - 2,437 6,937 Required clearing balances 6,918 + 76 - 2,456 6,918 Adjustments to compensate for float 19 + 5 + 19 19 Other 245 - 510 - 42 230 Other liabilities and capital 36,466 + 154 + 5,002 36,346 Total factors, other than reserve balances, absorbing reserve funds 890,932 - 7,741 + 32,830 887,855 Reserve balances with Federal Reserve Banks 5,108 - 7,147 - 2,443 3,209 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,770,262 + 7,232 + 239,357 1,772,235 U.S. Treasury 1,167,850 + 5,561 + 66,942 1,169,039 Federal agency 602,412 + 1,671 + 172,414 603,196 Securities lent to dealers 3,107 - 4,240 + 980 2,952 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 Jan 10, 2007 Jan 3, 2007 Jan 11, 2006 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 865 + 68 + 157 Securities, repurchase agreements, and loans 800,419 - 19,502 + 30,861 Securities held outright 778,898 - 12 + 34,419 U.S. Treasury1 778,898 - 12 + 34,419 Bills2 277,019 0 + 5,434 Notes and bonds, nominal2 467,864 0 + 18,746 Notes and bonds, inflation-indexed2 30,105 0 + 9,674 Inflation compensation3 3,911 - 11 + 566 Federal agency2 0 0 0 Repurchase agreements4 21,500 - 18,250 - 3,500 Loans 21 - 1,241 - 58 Items in process of collection (1,265) 4,804 - 668 - 3,253 Bank premises 1,944 - 1 + 123 Other assets5 37,419 + 267 - 1,274 Total assets (1,265) 858,689 - 19,835 + 26,614 Liabilities Federal Reserve notes, net of F.R. Bank holdings 772,946 - 8,401 + 23,527 Reverse repurchase agreements6 28,921 - 821 + 3,901 Deposits (0) 15,426 - 11,103 - 3,888 Depository institutions 10,107 - 9,937 - 4,334 U.S. Treasury, general account 4,999 - 1,157 + 534 Foreign official 91 + 1 + 10 Other (0) 230 - 9 - 97 Deferred availability cash items (1,265) 5,050 + 210 - 2,066 Other liabilities and accrued dividends7 5,518 + 57 + 1,551 Total liabilities (1,265) 827,861 - 20,059 + 23,024 Capital accounts Capital paid in 15,331 + 3 + 1,788 Surplus 15,031 + 2 + 2,115 Other capital accounts 466 + 218 - 314 Total capital 30,828 + 224 + 3,589 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, January 10, 2007 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 12 51,875 + 519 0 0 21,500 28,921 16 days to 90 days 9 170,185 + 8 0 0 0 0 91 days to 1 year 0 183,756 - 528 0 0 . . . . . . Over 1 year to 5 years . . . 224,968 - 4 0 0 . . . . . . Over 5 years to 10 years . . . 67,642 - 2 0 0 . . . . . . Over 10 years . . . 80,473 - 4 0 0 . . . . . . All 21 778,898 - 12 0 0 21,500 28,921 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 January 10, 2007 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 6 5 2 9 5 4 5 6 8 0 8 8 1 0 0 1 0 3 4 0 3 6 6 9 8 3 127 Securities, repurchase agreements, and loans 800,4 1 9 37,1 7 8 309,7 9 1 33,8 1 7 33,6 3 3 64,7 0 3 65,2 0 7 71,5 2 1 24,7 4 7 15,8 3 7 22,8 1 2 34,9 5 6 86,218 Securities held outright 778,8 9 8 37,1 6 8 288,2 9 1 33,8 1 6 33,6 3 3 64,7 0 3 65,2 0 7 71,5 1 8 24,7 4 7 15,8 3 4 22,8 0 8 34,9 5 6 86,216 U.S. Treasury1 778,8 9 8 37,1 6 8 288,2 9 1 33,8 1 6 33,6 3 3 64,7 0 3 65,2 0 7 71,5 1 8 24,7 4 7 15,8 3 4 22,8 0 8 34,9 5 6 86,216 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 501,8 7 9 23,9 4 9 185,7 5 9 21,7 8 9 21,6 7 1 41,6 9 1 42,0 1 6 46,0 8 3 15,9 4 6 10,2 0 3 14,6 9 6 22,5 2 4 55,553 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 21,5 0 0 0 21,5 0 0 0 0 0 0 0 0 0 0 0 0 Loans 2 1 1 0 0 1 0 0 0 3 0 3 4 0 1 Items in process of collection 6,0 7 0 2 5 1 9 5 7 1 4 6 1 0 4 7 9 1,0 3 8 4 1 9 1 3 9 2 0 1 4 9 5 6 4 5 984 Bank premises 1,9 4 4 1 1 7 2 1 1 5 8 1 5 7 1 6 8 2 3 1 2 0 6 7 9 1 1 6 1 5 9 2 6 0 182 Other assets5 37,4 1 9 1,2 6 7 12,2 0 8 1,8 8 8 2,3 1 0 7,0 3 8 2,8 1 3 2,8 2 3 7 7 8 7 2 2 7 4 7 9 8 4 3,841 Interdistrict settlement account 0 - 4 3 6 -17,0 5 5 - 1 5 - 3,4 7 9 + 2,8 1 2 + 8,9 5 0 - 3,8 5 3 + 1,7 4 3 - 4 6 8 + 4,2 8 7 + 2,2 4 7 + 5,267 Total assets 859,9 5 5 39,0 0 6 310,3 1 6 37,0 6 4 33,8 6 2 76,2 8 9 79,5 2 9 72,3 7 8 27,9 2 5 16,6 8 5 28,9 5 8 39,8 4 8 98,093 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 January 10, 2007 (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 958,8 9 7 39,2 0 5 342,2 9 9 38,5 8 8 36,3 0 5 75,1 9 4 97,6 6 6 81,0 2 9 29,1 5 0 17,4 8 5 30,7 8 9 56,6 4 0 114,548 Less: notes held by F.R. Banks 185,9 5 1 3,5 8 7 59,1 7 3 7,6 2 8 7,2 4 5 12,1 8 0 25,5 5 0 14,8 9 1 3,3 0 9 2,6 5 6 4,1 6 0 20,0 3 2 25,540 Federal Reserve notes, net 772,9 4 6 35,6 1 9 283,1 2 6 30,9 5 9 29,0 6 0 63,0 1 4 72,1 1 6 66,1 3 8 25,8 4 0 14,8 2 9 26,6 2 9 36,6 0 8 89,008 Reverse repurchase agreements1 28,9 2 1 1,3 8 0 10,7 0 4 1,2 5 6 1,2 4 9 2,4 0 2 2,4 2 1 2,6 5 5 9 1 9 5 8 8 8 4 7 1,2 9 8 3,201 Deposits 15,4 2 6 4 9 1 6,8 7 9 4 5 3 4 9 4 1,4 7 6 1,2 7 8 9 1 1 4 2 3 2 2 4 4 3 4 7 0 8 1,655 Depository institutions 10,1 0 7 4 8 8 1,6 6 2 4 5 1 4 9 0 1,4 0 8 1,2 7 6 9 0 8 4 1 2 2 2 3 4 3 1 7 0 7 1,651 U.S. Treasury, general account 4,9 9 9 0 4,9 9 9 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 3 0 3 1 5 6 0 1 5 7 0 0 1 1 0 2 0 0 Deferred availability cash items 6,3 1 6 4 3 4 1 2 5 8 0 5 6 0 6 6 6 7 6 3 4 4 0 3 1 8 2 3 3 8 4 9 4 4 9 9 1,130 Other liabilities and accrued dividends2 5,5 1 8 2 6 1 1,8 2 1 2 5 2 2 6 7 5 5 5 4 8 3 5 0 7 2 1 2 1 4 6 1 8 5 2 8 3 545 Total liabilities 829,1 2 7 38,1 8 5 302,6 5 5 33,7 2 5 31,6 7 6 68,1 1 4 76,9 3 3 70,6 1 5 27,5 7 6 16,1 2 5 28,5 8 8 39,3 9 6 95,539 Capital Capital paid in 15,3 3 1 3 9 6 3,7 2 5 1,8 1 0 1,0 8 7 4,0 9 3 1,2 7 6 8 5 9 1 6 6 2 7 6 1 7 8 2 1 2 1,253 Surplus 15,0 3 1 3 9 6 3,7 2 7 1,5 2 9 1,0 8 7 4,0 8 1 1,2 7 6 8 5 8 1 6 6 2 7 6 1 7 6 2 1 2 1,247 Other capital 4 6 6 2 9 2 1 0 0 1 3 0 4 4 4 6 1 7 9 1 6 2 8 55 Total liabilities and capital 859,9 5 5 39,0 0 6 310,3 1 6 37,0 6 4 33,8 6 2 76,2 8 9 79,5 2 9 72,3 7 8 27,9 2 5 16,6 8 5 28,9 5 8 39,8 4 8 98,093 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 Jan 10, 2007 Federal Reserve notes outstanding 958,897 Less: Notes held by F.R. Banks not subject to collateralization 185,951 Federal Reserve notes to be collateralized 772,946 Collateral held against Federal Reserve notes 772,946 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 759,709 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 800,398 Less: face value of securities under reverse repurchase agreements 29,963 U.S. Treasury and agency securities eligible to be pledged 770,435 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.