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 18, 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 17, 2007 Jan 10, 2007 Jan 18, 2006 Jan 17, 2007 Reserve Bank credit 846,037 + 1,484 + 29,605 842,725 Securities held outright 778,891 - 11 + 33,372 778,887 U.S. Treasury1 778,891 - 11 + 33,372 778,887 Bills2 277,019 0 + 4,364 277,019 Notes and bonds, nominal2 467,864 0 + 18,746 467,864 Notes and bonds, inflation-indexed2 30,243 + 138 + 9,812 30,587 Inflation compensation3 3,765 - 150 + 450 3,417 Federal agency2 0 0 0 0 Repurchase agreements4 27,500 + 929 - 2,071 19,750 Loans to depository institutions 284 + 245 - 37 1,756 Primary credit 265 + 243 - 27 1,735 Secondary credit 0 0 0 0 Seasonal credit 19 + 3 - 10 21 Float -201 + 68 - 1,041 2,943 Other Federal Reserve assets 39,564 + 255 - 617 39,390 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,261 + 14 + 1,721 38,261 Total factors supplying reserve funds 897,539 + 1,498 + 31,324 894,227 Currency in circulation5 807,905 - 4,573 + 23,061 806,794 Reverse repurchase agreements6 30,486 + 827 + 5,917 31,055 Foreign official and international accounts 30,486 + 827 + 5,917 31,055 Dealers 0 0 0 0 Treasury cash holdings 242 - 19 + 32 221 Deposits with F.R. Banks, other than reserve balances 12,001 - 67 - 2,548 12,845 U.S. Treasury, general account 4,686 - 111 - 124 5,533 Foreign official 90 0 + 2 90 Service-related 6,916 - 21 - 2,457 6,916 Required clearing balances 6,916 - 2 - 2,457 6,916 Adjustments to compensate for float 0 - 19 0 0 Other 310 + 65 + 32 307 Other liabilities and capital 36,703 + 237 + 5,283 36,475 Total factors, other than reserve balances, absorbing reserve funds 887,337 - 3,595 + 31,745 887,391 Reserve balances with Federal Reserve Banks 10,202 + 5,093 - 420 6,836 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,772,451 + 2,189 + 239,740 1,773,496 U.S. Treasury 1,167,812 - 38 + 66,488 1,166,296 Federal agency 604,639 + 2,227 + 173,253 607,199 Securities lent to dealers 1,183 - 1,924 - 515 2,223 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 17, 2007 Jan 10, 2007 Jan 18, 2006 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 908 + 43 + 179 Securities, repurchase agreements, and loans 800,393 - 26 + 29,402 Securities held outright 778,887 - 11 + 33,202 U.S. Treasury1 778,887 - 11 + 33,202 Bills2 277,019 0 + 4,185 Notes and bonds, nominal2 467,864 0 + 18,746 Notes and bonds, inflation-indexed2 30,587 + 482 + 10,156 Inflation compensation3 3,417 - 494 + 115 Federal agency2 0 0 0 Repurchase agreements4 19,750 - 1,750 - 3,500 Loans 1,756 + 1,735 - 300 Items in process of collection (1,438) 9,332 + 4,528 - 4,614 Bank premises 1,944 0 + 122 Other assets5 37,406 - 13 - 642 Total assets (1,438) 863,219 + 4,530 + 24,444 Liabilities Federal Reserve notes, net of F.R. Bank holdings 769,658 - 3,288 + 20,486 Reverse repurchase agreements6 31,055 + 2,134 + 6,326 Deposits (0) 19,642 + 4,216 - 4,993 Depository institutions 13,713 + 3,606 - 5,118 U.S. Treasury, general account 5,533 + 534 + 104 Foreign official 90 - 1 + 12 Other (0) 307 + 77 + 9 Deferred availability cash items (1,438) 6,388 + 1,338 - 2,943 Other liabilities and accrued dividends7 5,502 - 16 + 1,551 Total liabilities (1,438) 832,246 + 4,385 + 20,428 Capital accounts Capital paid in 15,332 + 1 + 1,784 Surplus 15,066 + 35 + 2,150 Other capital accounts 575 + 109 + 82 Total capital 30,973 + 145 + 4,016 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 17, 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 1,756 56,939 + 5,064 0 0 19,750 31,055 16 days to 90 days 0 163,558 - 6,627 0 0 0 0 91 days to 1 year 0 185,391 + 1,635 0 0 . . . . . . Over 1 year to 5 years . . . 222,745 - 2,223 0 0 . . . . . . Over 5 years to 10 years . . . 67,537 - 105 0 0 . . . . . . Over 10 years . . . 82,717 + 2,244 0 0 . . . . . . All 1,756 778,887 - 11 0 0 19,750 31,055 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 17, 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 9 0 8 3 5 6 1 6 0 8 8 8 8 1 0 0 1 0 8 4 0 3 5 7 0 9 1 130 Securities, repurchase agreements, and loans 800,3 9 3 37,3 9 8 308,4 0 9 33,8 1 7 33,6 6 8 65,8 0 7 65,2 0 6 71,5 2 1 24,7 4 7 15,8 3 7 22,8 1 1 34,9 5 6 86,215 Securities held outright 778,8 8 7 37,1 6 7 288,2 8 7 33,8 1 6 33,6 3 2 64,7 0 2 65,2 0 6 71,5 1 7 24,7 4 7 15,8 3 4 22,8 0 7 34,9 5 6 86,215 U.S. Treasury1 778,8 8 7 37,1 6 7 288,2 8 7 33,8 1 6 33,6 3 2 64,7 0 2 65,2 0 6 71,5 1 7 24,7 4 7 15,8 3 4 22,8 0 7 34,9 5 6 86,215 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 6 8 23,9 4 8 185,7 5 5 21,7 8 9 21,6 7 1 41,6 9 0 42,0 1 5 46,0 8 1 15,9 4 5 10,2 0 3 14,6 9 6 22,5 2 3 55,552 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 19,7 5 0 0 19,7 5 0 0 0 0 0 0 0 0 0 0 0 Loans 1,7 5 6 2 3 1 3 7 2 1 3 6 1,1 0 5 1 4 0 3 4 0 0 Items in process of collection 10,7 7 0 4 4 1 2 9 2 1,7 4 9 1,0 6 2 7 5 1 1,2 2 4 9 0 6 3 1 3 5 7 2 8 3 6 7 5 9 1,865 Bank premises 1,9 4 4 1 1 7 2 1 1 5 8 1 5 7 1 6 8 2 3 2 2 0 6 7 9 1 1 6 1 5 9 2 6 0 182 Other assets5 37,4 0 6 1,2 7 3 12,2 1 0 1,8 9 5 2,3 1 0 7,0 4 7 2,7 6 7 2,8 2 0 7 7 4 7 2 8 7 4 8 9 8 8 3,845 Interdistrict settlement account 0 - 8 1 2 -13,4 7 7 - 8 1 2 - 3,4 4 9 + 1,2 5 0 + 9,4 5 6 - 3,7 1 0 + 1,5 1 1 - 6 3 7 + 4,1 8 5 + 2,7 0 7 + 3,789 Total assets 864,6 5 7 39,0 5 4 312,7 1 9 37,3 1 3 34,3 8 7 76,1 1 1 80,1 7 4 73,0 1 0 27,8 6 2 16,8 9 1 29,2 0 0 40,4 3 3 97,502 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 17, 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 959,4 5 1 39,0 6 7 341,8 3 1 38,4 2 9 36,4 0 3 75,0 6 3 98,6 2 2 81,3 5 7 29,1 0 6 17,4 4 7 30,8 4 1 56,8 3 0 114,456 Less: notes held by F.R. Banks 189,7 9 3 3,7 4 5 60,5 2 0 7,5 4 1 7,3 2 2 12,4 4 2 26,2 2 0 15,0 6 1 3,4 5 6 2,6 7 7 4,2 6 8 20,1 0 6 26,436 Federal Reserve notes, net 769,6 5 8 35,3 2 2 281,3 1 1 30,8 8 8 29,0 8 1 62,6 2 1 72,4 0 2 66,2 9 6 25,6 5 0 14,7 7 0 26,5 7 3 36,7 2 4 88,021 Reverse repurchase agreements1 31,0 5 5 1,4 8 2 11,4 9 4 1,3 4 8 1,3 4 1 2,5 8 0 2,6 0 0 2,8 5 2 9 8 7 6 3 1 9 0 9 1,3 9 4 3,438 Deposits 19,6 4 2 6 5 4 10,1 6 9 4 7 1 9 2 1 1,2 2 1 1,3 2 0 1,0 1 0 4 6 8 2 7 8 4 7 9 1,0 1 8 1,632 Depository institutions 13,7 1 3 6 3 5 4,4 1 7 4 6 9 9 1 7 1,0 9 4 1,3 1 7 1,0 0 7 4 5 7 2 7 8 4 7 8 1,0 1 7 1,628 U.S. Treasury, general account 5,5 3 3 0 5,5 3 3 0 0 0 0 0 0 0 0 0 0 Foreign official 9 0 1 6 1 2 3 1 1 3 3 0 1 1 0 4 Other 3 0 7 1 8 1 5 8 0 1 1 1 7 0 0 1 0 0 1 0 0 Deferred availability cash items 7,8 2 6 5 1 4 2 3 5 9 9 4 5 8 8 9 3 3 7 6 7 5 8 0 1 9 6 5 0 2 6 8 3 5 6 1 1,273 Other liabilities and accrued dividends2 5,5 0 2 2 5 9 1,8 0 6 2 5 0 2 6 4 5 5 3 4 8 7 5 0 2 2 0 8 1 4 6 1 8 2 2 8 1 563 Total liabilities 833,6 8 4 38,2 3 0 305,0 1 6 33,9 5 1 32,1 9 4 67,9 0 8 77,5 7 6 71,2 4 0 27,5 0 9 16,3 2 9 28,8 2 6 39,9 7 8 94,927 Capital Capital paid in 15,3 3 2 3 9 6 3,7 2 5 1,8 1 0 1,0 8 7 4,0 9 3 1,2 7 4 8 5 9 1 6 6 2 7 6 1 7 8 2 1 5 1,253 Surplus 15,0 6 6 3 9 6 3,7 2 7 1,5 5 2 1,0 8 7 4,0 9 3 1,2 7 6 8 5 8 1 6 6 2 7 6 1 7 6 2 1 2 1,247 Other capital 5 7 5 3 1 2 5 1 0 2 0 1 7 4 8 5 3 2 1 1 1 1 9 2 9 75 Total liabilities and capital 864,6 5 7 39,0 5 4 312,7 1 9 37,3 1 3 34,3 8 7 76,1 1 1 80,1 7 4 73,0 1 0 27,8 6 2 16,8 9 1 29,2 0 0 40,4 3 3 97,502 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 17, 2007 Federal Reserve notes outstanding 959,451 Less: Notes held by F.R. Banks not subject to collateralization 189,793 Federal Reserve notes to be collateralized 769,658 Collateral held against Federal Reserve notes 769,658 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 756,421 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 798,637 Less: face value of securities under reverse repurchase agreements 31,103 U.S. Treasury and agency securities eligible to be pledged 767,533 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.