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 15, 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 14, 2007 Feb 7, 2007 Feb 15, 2006 Feb 14, 2007 Reserve Bank credit 847,171 + 5,690 + 31,331 852,641 Securities held outright 778,884 + 13 + 28,259 778,889 U.S. Treasury1 778,884 + 13 + 28,259 778,889 Bills2 277,019 0 + 3,588 277,019 Notes and bonds, nominal2 466,675 0 + 14,845 466,675 Notes and bonds, inflation-indexed2 31,776 0 + 9,580 31,776 Inflation compensation3 3,415 + 14 + 247 3,419 Federal agency2 0 0 0 0 Repurchase agreements4 27,036 + 4,643 + 2,679 30,000 Loans to depository institutions 38 + 17 - 60 49 Primary credit 14 + 13 - 52 25 Secondary credit 0 0 0 0 Seasonal credit 24 + 4 - 8 24 Float 84 + 536 - 495 2,257 Other Federal Reserve assets 41,129 + 481 + 948 41,445 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,317 + 14 + 1,141 38,317 Total factors supplying reserve funds 898,729 + 5,704 + 32,468 904,199 Currency in circulation5 804,642 + 2,193 + 18,074 807,035 Reverse repurchase agreements6 36,414 + 925 + 14,018 37,336 Foreign official and international accounts 36,414 + 925 + 14,018 37,336 Dealers 0 0 0 0 Treasury cash holdings 198 + 20 0 211 Deposits with F.R. Banks, other than reserve balances 12,230 - 155 - 1,815 12,313 U.S. Treasury, general account 5,014 - 83 - 210 5,102 Foreign official 91 + 2 0 90 Service-related 6,861 0 - 1,611 6,861 Required clearing balances 6,861 0 - 1,611 6,861 Adjustments to compensate for float 0 0 0 0 Other 264 - 73 + 5 259 Other liabilities and capital 37,206 + 80 + 5,416 36,957 Total factors, other than reserve balances, absorbing reserve funds 890,690 + 3,064 + 35,693 893,853 Reserve balances with Federal Reserve Banks 8,039 + 2,640 - 3,225 10,346 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,811,053 + 13,369 + 254,341 1,816,541 U.S. Treasury 1,183,729 + 3,082 + 72,454 1,187,695 Federal agency 627,324 + 10,287 + 181,887 628,846 Securities lent to dealers 967 - 1,852 - 368 290 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 14, 2007 Feb 7, 2007 Feb 15, 2006 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 1,029 - 11 + 183 Securities, repurchase agreements, and loans 808,938 + 10,289 + 27,398 Securities held outright 778,889 + 13 + 27,562 U.S. Treasury1 778,889 + 13 + 27,562 Bills2 277,019 0 + 2,877 Notes and bonds, nominal2 466,675 0 + 14,845 Notes and bonds, inflation-indexed2 31,776 0 + 9,580 Inflation compensation3 3,419 + 13 + 261 Federal agency2 0 0 0 Repurchase agreements4 30,000 + 10,250 + 250 Loans 49 + 26 - 415 Items in process of collection (852) 6,374 + 1,281 + 830 Bank premises 1,959 + 3 + 139 Other assets5 39,468 + 575 + 4,263 Total assets (852) 871,005 + 12,137 + 32,810 Liabilities Federal Reserve notes, net of F.R. Bank holdings 769,955 + 2,038 + 17,697 Reverse repurchase agreements6 37,336 + 3,706 + 14,641 Deposits (0) 22,640 + 6,496 - 2,878 Depository institutions 17,189 + 6,697 - 2,841 U.S. Treasury, general account 5,102 - 153 - 23 Foreign official 90 0 - 11 Other (0) 259 - 47 - 3 Deferred availability cash items (852) 4,117 - 259 - 2,025 Other liabilities and accrued dividends7 5,639 + 20 + 1,390 Total liabilities (852) 839,687 + 12,001 + 28,826 Capital accounts Capital paid in 15,351 - 10 + 1,636 Surplus 15,197 + 41 + 2,296 Other capital accounts 770 + 105 + 52 Total capital 31,319 + 137 + 3,985 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 14, 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 49 66,154 + 9,282 0 0 30,000 37,336 16 days to 90 days 0 171,475 + 2,241 0 0 0 0 91 days to 1 year 0 167,331 - 11,522 0 0 . . . . . . Over 1 year to 5 years . . . 226,945 + 4,463 0 0 . . . . . . Over 5 years to 10 years . . . 65,326 - 4,457 0 0 . . . . . . Over 10 years . . . 81,657 + 5 0 0 . . . . . . All 49 778,889 + 13 0 0 30,000 37,336 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 14, 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 2 9 3 9 6 7 6 8 1 0 3 1 0 3 1 1 8 1 1 8 4 3 4 2 8 0 9 8 151 Securities, repurchase agreements, and loans 808,9 3 8 37,1 7 6 318,2 9 0 33,8 1 6 33,6 3 2 64,7 0 2 65,2 0 6 71,5 2 3 24,7 4 7 15,8 4 3 22,8 0 8 34,9 5 6 86,238 Securities held outright 778,8 8 9 37,1 6 7 288,2 8 8 33,8 1 6 33,6 3 2 64,7 0 2 65,2 0 6 71,5 1 8 24,7 4 7 15,8 3 4 22,8 0 8 34,9 5 6 86,215 U.S. Treasury1 778,8 8 9 37,1 6 7 288,2 8 8 33,8 1 6 33,6 3 2 64,7 0 2 65,2 0 6 71,5 1 8 24,7 4 7 15,8 3 4 22,8 0 8 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 7 0 23,9 4 8 185,7 5 6 21,7 8 9 21,6 7 1 41,6 9 0 42,0 1 5 46,0 8 2 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 30,0 0 0 0 30,0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 4 9 8 2 0 0 0 0 6 0 9 1 0 22 Items in process of collection 7,2 2 6 3 8 8 2 1 3 1,1 3 1 9 9 1 8 3 3 7 7 3 3 5 7 2 1 9 3 0 9 5 8 4 5 0 5 921 Bank premises 1,9 5 9 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 9 187 Other assets5 39,4 6 8 1,3 7 7 12,5 3 0 3,1 9 5 2,2 6 7 7,0 6 9 3,2 6 9 2,7 4 2 8 2 6 7 4 7 7 5 5 1,0 9 3 3,597 Interdistrict settlement account 0 - 5 7 4 -24,4 8 6 - 8 8 4 - 2,3 7 2 + 3,3 8 4 +12,5 6 6 - 1,1 8 9 + 1,9 4 1 - 1 7 0 + 4,1 6 6 + 2,9 6 8 + 4,650 Total assets 871,8 5 7 39,1 2 4 311,8 3 9 37,9 2 9 35,3 2 8 77,2 6 1 83,3 5 3 74,9 1 6 28,2 5 6 17,1 2 9 28,9 5 0 40,5 5 2 97,220 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 14, 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 961,8 2 7 39,0 6 1 341,2 2 3 38,0 7 1 36,0 2 6 75,2 4 1 101,6 0 3 82,3 7 5 29,2 7 6 17,4 1 3 30,9 2 3 56,7 3 9 113,876 Less: notes held by F.R. Banks 191,8 7 2 4,0 0 6 62,5 8 1 6,9 6 9 7,4 5 9 12,9 6 0 26,4 6 3 15,0 4 8 3,2 6 6 2,5 2 8 4,4 8 0 19,7 7 6 26,337 Federal Reserve notes, net 769,9 5 5 35,0 5 5 278,6 4 2 31,1 0 2 28,5 6 8 62,2 8 1 75,1 4 1 67,3 2 6 26,0 1 0 14,8 8 5 26,4 4 3 36,9 6 3 87,539 Reverse repurchase agreements1 37,3 3 6 1,7 8 2 13,8 1 9 1,6 2 1 1,6 1 2 3,1 0 2 3,1 2 6 3,4 2 8 1,1 8 6 7 5 9 1,0 9 3 1,6 7 6 4,133 Deposits 22,6 4 0 8 8 8 9,7 2 7 7 3 4 2,3 0 1 2,2 0 1 1,4 1 2 1,6 0 1 3 6 8 5 1 4 4 8 2 8 0 5 1,605 Depository institutions 17,1 8 9 8 8 6 4,4 0 8 7 2 9 2,2 9 7 2,1 0 3 1,4 0 9 1,5 9 9 3 5 8 5 1 4 4 8 1 8 0 5 1,602 U.S. Treasury, general account 5,1 0 2 0 5,1 0 2 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 2 5 9 1 1 5 7 0 2 8 8 0 0 1 0 0 1 0 0 Deferred availability cash items 4,9 6 9 3 0 8 6 8 7 2 7 3 5 9 8 0 7 5 5 8 2 6 6 1 2 0 2 4 9 3 6 6 3 7 4 768 Other liabilities and accrued dividends2 5,6 3 9 2 6 1 1,8 1 9 2 6 4 2 7 3 6 2 4 5 0 1 5 1 1 2 1 4 1 5 3 1 9 1 2 7 5 552 Total liabilities 840,5 3 9 38,2 9 3 304,0 7 5 34,4 4 8 33,1 1 4 69,0 1 4 80,7 3 7 73,1 3 3 27,8 9 9 16,5 6 0 28,5 7 5 40,0 9 2 94,597 Capital Capital paid in 15,3 5 1 3 9 6 3,7 2 5 1,8 1 0 1,0 8 9 4,0 9 4 1,2 7 5 8 6 0 1 6 8 2 7 7 1 7 8 2 1 3 1,266 Surplus 15,1 9 7 3 9 6 3,7 3 8 1,6 7 1 1,0 8 7 4,0 9 4 1,2 7 6 8 5 9 1 6 6 2 7 6 1 7 6 2 1 2 1,247 Other capital 7 7 0 3 8 3 0 0 0 3 9 5 9 6 5 6 5 2 3 1 5 2 0 3 5 111 Total liabilities and capital 871,8 5 7 39,1 2 4 311,8 3 9 37,9 2 9 35,3 2 8 77,2 6 1 83,3 5 3 74,9 1 6 28,2 5 6 17,1 2 9 28,9 5 0 40,5 5 2 97,220 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 14, 2007 Federal Reserve notes outstanding 961,827 Less: Notes held by F.R. Banks not subject to collateralization 191,872 Federal Reserve notes to be collateralized 769,955 Collateral held against Federal Reserve notes 769,955 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 756,718 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 808,889 Less: face value of securities under reverse repurchase agreements 37,401 U.S. Treasury and agency securities eligible to be pledged 771,488 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.