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 February 8, 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 Feb 7, 2007 Jan 31, 2007 Feb 8, 2006 Feb 7, 2007 Reserve Bank credit 841,481 - 2,724 + 32,378 840,250 Securities held outright 778,871 + 3 + 30,044 778,876 U.S. Treasury1 778,871 + 3 + 30,044 778,876 Bills2 277,019 0 + 4,162 277,019 Notes and bonds, nominal2 466,675 - 1,019 + 16,095 466,675 Notes and bonds, inflation-indexed2 31,776 + 1,019 + 9,580 31,776 Inflation compensation3 3,401 + 3 + 207 3,406 Federal agency2 0 0 0 0 Repurchase agreements4 22,393 - 3,107 + 2,357 19,750 Loans to depository institutions 21 - 189 - 12 23 Primary credit 1 - 188 - 4 0 Secondary credit 0 0 0 0 Seasonal credit 20 - 2 - 8 23 Float -452 + 490 - 332 717 Other Federal Reserve assets 40,648 + 80 + 320 40,884 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,303 + 14 + 1,445 38,303 Total factors supplying reserve funds 893,025 - 2,710 + 33,820 891,794 Currency in circulation5 802,449 + 1,606 + 17,997 804,987 Reverse repurchase agreements6 35,489 + 3,783 + 12,211 33,630 Foreign official and international accounts 35,489 + 3,783 + 12,211 33,630 Dealers 0 0 0 0 Treasury cash holdings 178 - 32 - 28 196 Deposits with F.R. Banks, other than reserve balances 12,385 + 117 - 1,831 12,512 U.S. Treasury, general account 5,097 + 42 - 263 5,255 Foreign official 89 - 1 + 6 90 Service-related 6,861 + 26 - 1,611 6,861 Required clearing balances 6,861 + 26 - 1,611 6,861 Adjustments to compensate for float 0 0 0 0 Other 337 + 50 + 35 306 Other liabilities and capital 37,126 - 291 + 5,849 36,801 Total factors, other than reserve balances, absorbing reserve funds 887,626 + 5,183 + 34,196 888,128 Reserve balances with Federal Reserve Banks 5,399 - 7,892 - 377 3,667 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,797,684 + 7,491 + 253,616 1,800,977 U.S. Treasury 1,180,647 + 7,344 + 75,968 1,178,446 Federal agency 617,037 + 147 + 177,648 622,531 Securities lent to dealers 2,819 + 1,530 + 563 816 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 Feb 7, 2007 Jan 31, 2007 Feb 8, 2006 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 1,040 - 29 + 210 Securities, repurchase agreements, and loans 798,649 - 13,540 + 30,280 Securities held outright 778,876 + 13 + 30,048 U.S. Treasury1 778,876 + 13 + 30,048 Bills2 277,019 0 + 4,151 Notes and bonds, nominal2 466,675 0 + 16,095 Notes and bonds, inflation-indexed2 31,776 0 + 9,580 Inflation compensation3 3,406 + 13 + 222 Federal agency2 0 0 0 Repurchase agreements4 19,750 - 12,250 + 250 Loans 23 - 1,303 - 18 Items in process of collection (893) 5,093 + 2,364 - 2,532 Bank premises 1,956 - 6 + 132 Other assets5 38,893 + 520 + 284 Total assets (893) 858,868 - 10,691 + 28,371 Liabilities Federal Reserve notes, net of F.R. Bank holdings 767,917 + 2,331 + 16,910 Reverse repurchase agreements6 33,630 + 1,251 + 10,952 Deposits (0) 16,144 - 14,513 - 2,780 Depository institutions 10,492 - 13,736 - 4,121 U.S. Treasury, general account 5,255 - 798 + 1,282 Foreign official 90 0 + 8 Other (0) 306 + 21 + 50 Deferred availability cash items (893) 4,376 + 165 - 2,368 Other liabilities and accrued dividends7 5,619 + 51 + 1,423 Total liabilities (893) 827,686 - 10,714 + 24,137 Capital accounts Capital paid in 15,361 + 3 + 1,788 Surplus 15,156 + 29 + 2,272 Other capital accounts 665 - 9 + 174 Total capital 31,182 + 23 + 4,234 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, February 7, 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 8 56,872 + 797 0 0 19,750 33,630 16 days to 90 days 16 169,234 - 300 0 0 0 0 91 days to 1 year 0 178,853 - 496 0 0 . . . . . . Over 1 year to 5 years . . . 222,482 + 4 0 0 . . . . . . Over 5 years to 10 years . . . 69,783 + 3 0 0 . . . . . . Over 10 years . . . 81,652 + 5 0 0 . . . . . . All 23 778,876 + 13 0 0 19,750 33,630 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 February 7, 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 1,0 4 0 4 0 6 9 6 4 1 0 0 1 0 4 1 1 8 1 2 1 4 4 4 3 8 1 1 0 0 158 Securities, repurchase agreements, and loans 798,6 4 9 37,1 7 4 308,0 3 3 33,8 1 5 33,6 3 2 64,7 0 1 65,2 0 5 71,5 2 1 24,7 4 6 15,8 4 4 22,8 0 8 34,9 5 5 86,214 Securities held outright 778,8 7 6 37,1 6 7 288,2 8 3 33,8 1 5 33,6 3 2 64,7 0 1 65,2 0 5 71,5 1 6 24,7 4 6 15,8 3 4 22,8 0 7 34,9 5 5 86,214 U.S. Treasury1 778,8 7 6 37,1 6 7 288,2 8 3 33,8 1 5 33,6 3 2 64,7 0 1 65,2 0 5 71,5 1 6 24,7 4 6 15,8 3 4 22,8 0 7 34,9 5 5 86,214 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 5 7 23,9 4 8 185,7 5 1 21,7 8 9 21,6 7 0 41,6 8 9 42,0 1 4 46,0 8 0 15,9 4 5 10,2 0 2 14,6 9 5 22,5 2 3 55,551 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 2 3 8 0 0 0 0 0 5 0 1 0 1 0 0 Items in process of collection 5,9 8 6 2 1 8 6 8 6 1 5 9 1 8 5 5 1 6 0 9 3 4 5 1 5 4 2 7 9 4 4 9 4 8 0 1,301 Bank premises 1,9 5 6 1 1 7 2 1 1 5 8 1 5 7 1 6 9 2 3 1 2 0 6 8 0 1 1 6 1 6 7 2 5 9 184 Other assets5 38,8 9 3 1,3 5 4 12,3 3 6 3,1 6 3 2,2 4 4 6,9 8 8 3,2 0 8 2,6 9 9 8 1 2 7 3 9 7 4 7 1,0 7 5 3,528 Interdistrict settlement account 0 - 7 4 8 -22,1 5 3 - 1,0 5 1 - 3,8 0 8 + 2,6 3 2 +11,0 9 3 - 2,1 0 4 + 5,8 7 6 - 5 0 6 + 4,2 7 8 + 2,4 8 5 + 4,007 Total assets 859,7 6 1 38,7 5 7 303,5 7 7 37,2 1 0 33,7 9 2 76,1 4 4 81,6 5 4 73,9 4 6 32,1 1 1 16,7 5 5 28,9 2 0 40,0 2 7 96,867 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 February 7, 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 961,0 0 2 39,1 0 3 341,2 0 5 38,1 6 4 36,1 1 4 75,2 6 3 100,8 8 5 82,2 9 1 29,1 9 3 17,3 9 4 30,8 0 4 56,6 7 0 113,917 Less: notes held by F.R. Banks 193,0 8 6 3,9 6 3 62,7 8 6 7,4 2 8 7,3 9 3 12,9 0 2 26,9 6 3 15,0 6 7 3,2 3 2 2,5 6 5 4,2 5 5 19,9 6 4 26,568 Federal Reserve notes, net 767,9 1 7 35,1 4 1 278,4 1 9 30,7 3 5 28,7 2 1 62,3 6 1 73,9 2 1 67,2 2 4 25,9 6 2 14,8 2 9 26,5 4 9 36,7 0 5 87,349 Reverse repurchase agreements1 33,6 3 0 1,6 0 5 12,4 4 8 1,4 6 0 1,4 5 2 2,7 9 4 2,8 1 5 3,0 8 8 1,0 6 8 6 8 4 9 8 5 1,5 0 9 3,723 Deposits 16,1 4 4 5 0 7 3,0 5 0 5 3 2 7 9 5 1,5 4 8 1,1 8 8 1,0 6 0 4,3 9 6 2 8 6 3 8 8 6 7 8 1,716 Depository institutions 10,4 9 2 5 0 3 1,5 4 8 5 2 5 7 9 2 1,4 4 8 1,1 8 5 1,0 5 7 3 7 4 2 8 5 3 8 7 6 7 6 1,713 U.S. Treasury, general account 5,2 5 5 0 5,2 5 5 0 0 0 0 0 0 0 0 0 0 Foreign official 9 0 1 6 0 5 3 1 1 3 2 0 1 0 1 3 Other 3 0 6 3 -3,8 1 3 2 0 8 9 0 0 4,0 2 1 0 1 2 0 Deferred availability cash items 5,2 6 9 4 2 0 1 1 2 7 8 3 3 4 4 6 1 1 5 9 3 2 9 3 1 1 9 2 4 2 4 3 6 4 0 4 913 Other liabilities and accrued dividends2 5,6 1 9 2 6 1 1,8 1 3 2 6 1 2 7 1 6 0 6 5 2 9 5 0 7 2 1 3 1 4 8 1 9 0 2 7 5 545 Total liabilities 828,5 7 9 37,9 3 4 295,8 4 1 33,7 7 1 31,5 8 3 67,9 2 0 79,0 4 7 72,1 7 2 31,7 5 8 16,1 8 8 28,5 4 7 39,5 7 2 94,246 Capital Capital paid in 15,3 6 1 3 9 6 3,7 2 5 1,8 1 0 1,0 8 9 4,0 9 3 1,2 7 5 8 5 9 1 6 8 2 7 7 1 7 8 2 1 3 1,277 Surplus 15,1 5 6 3 9 6 3,7 3 8 1,6 3 0 1,0 8 7 4,0 9 4 1,2 7 6 8 5 8 1 6 6 2 7 6 1 7 6 2 1 2 1,247 Other capital 6 6 5 3 1 2 7 3 0 3 3 3 7 5 6 5 7 1 9 1 4 1 8 3 0 97 Total liabilities and capital 859,7 6 1 38,7 5 7 303,5 7 7 37,2 1 0 33,7 9 2 76,1 4 4 81,6 5 4 73,9 4 6 32,1 1 1 16,7 5 5 28,9 2 0 40,0 2 7 96,867 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 Feb 7, 2007 Federal Reserve notes outstanding 961,002 Less: Notes held by F.R. Banks not subject to collateralization 193,086 Federal Reserve notes to be collateralized 767,917 Collateral held against Federal Reserve notes 767,917 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 754,680 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 798,626 Less: face value of securities under reverse repurchase agreements 33,683 U.S. Treasury and agency securities eligible to be pledged 764,943 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.