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 22, 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 21, 2007 Feb 14, 2007 Feb 22, 2006 Feb 21, 2007 Reserve Bank credit 851,672 + 4,502 + 35,865 852,955 Securities held outright 778,898 + 14 + 27,411 778,902 U.S. Treasury1 778,898 + 14 + 27,411 778,902 Bills2 277,019 0 + 2,877 277,019 Notes and bonds, nominal2 466,675 0 + 14,666 466,675 Notes and bonds, inflation-indexed2 31,776 0 + 9,580 31,776 Inflation compensation3 3,428 + 13 + 287 3,432 Federal agency2 0 0 0 0 Repurchase agreements4 35,179 + 8,143 + 7,643 34,000 Loans to depository institutions 26 - 12 - 19 41 Primary credit 5 - 9 0 18 Secondary credit 0 0 - 8 0 Seasonal credit 21 - 3 - 11 23 Float -210 - 293 + 267 2,178 Other Federal Reserve assets 37,779 - 3,350 + 563 37,834 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,331 + 14 + 836 38,331 Total factors supplying reserve funds 903,244 + 4,516 + 36,698 904,527 Currency in circulation5 807,839 + 3,197 + 18,367 808,371 Reverse repurchase agreements6 37,716 + 1,302 + 13,930 38,144 Foreign official and international accounts 37,716 + 1,302 + 13,930 38,144 Dealers 0 0 0 0 Treasury cash holdings 210 + 12 + 19 200 Deposits with F.R. Banks, other than reserve balances 12,035 - 195 - 1,338 12,390 U.S. Treasury, general account 4,940 - 74 - 65 5,304 Foreign official 91 0 + 7 91 Service-related 6,738 - 123 - 1,277 6,738 Required clearing balances 6,738 - 123 - 1,277 6,738 Adjustments to compensate for float 0 0 0 0 Other 267 + 3 - 2 257 Other liabilities and capital 37,632 + 426 + 5,618 37,392 Total factors, other than reserve balances, absorbing reserve funds 895,432 + 4,742 + 36,596 896,497 Reserve balances with Federal Reserve Banks 7,812 - 226 + 102 8,031 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,826,581 + 15,528 + 254,221 1,828,375 U.S. Treasury 1,192,778 + 9,049 + 68,178 1,195,980 Federal agency 633,802 + 6,478 + 186,043 632,395 Securities lent to dealers 2,454 + 1,487 + 387 3,672 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 21, 2007 Feb 14, 2007 Feb 22, 2006 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 1,001 - 28 + 160 Securities, repurchase agreements, and loans 812,944 + 4,006 + 31,292 Securities held outright 778,902 + 13 + 26,353 U.S. Treasury1 778,902 + 13 + 26,353 Bills2 277,019 0 + 2,877 Notes and bonds, nominal2 466,675 0 + 13,597 Notes and bonds, inflation-indexed2 31,776 0 + 9,580 Inflation compensation3 3,432 + 13 + 299 Federal agency2 0 0 0 Repurchase agreements4 34,000 + 4,000 + 5,000 Loans 41 - 8 - 62 Items in process of collection (1,586) 8,082 + 1,708 - 2,360 Bank premises 1,960 + 1 + 140 Other assets5 35,832 - 3,636 + 291 Total assets (1,586) 873,056 + 2,051 + 29,520 Liabilities Federal Reserve notes, net of F.R. Bank holdings 771,238 + 1,283 + 17,913 Reverse repurchase agreements6 38,144 + 808 + 13,634 Deposits (0) 20,374 - 2,266 - 5,674 Depository institutions 14,722 - 2,467 - 6,647 U.S. Treasury, general account 5,304 + 202 + 970 Foreign official 91 + 1 + 3 Other (0) 257 - 2 0 Deferred availability cash items (1,586) 5,910 + 1,793 - 2,005 Other liabilities and accrued dividends7 5,645 + 6 + 1,319 Total liabilities (1,586) 841,309 + 1,622 + 25,186 Capital accounts Capital paid in 15,859 + 508 + 2,143 Surplus 15,224 + 27 + 2,323 Other capital accounts 664 - 106 - 132 Total capital 31,747 + 428 + 4,334 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 21, 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 41 63,134 - 3,020 0 0 34,000 38,144 16 days to 90 days 0 171,140 - 335 0 0 0 0 91 days to 1 year 0 176,111 + 8,780 0 0 . . . . . . Over 1 year to 5 years . . . 219,506 - 7,439 0 0 . . . . . . Over 5 years to 10 years . . . 66,523 + 1,197 0 0 . . . . . . Over 10 years . . . 82,489 + 832 0 0 . . . . . . All 41 778,902 + 13 0 0 34,000 38,144 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 21, 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 0 1 3 7 6 5 7 1 9 9 9 9 1 1 5 1 1 3 4 3 4 1 7 7 9 5 147 Securities, repurchase agreements, and loans 812,9 4 4 38,7 9 8 300,8 7 7 35,2 9 3 35,1 0 6 67,5 2 8 68,0 5 4 74,6 4 6 25,8 2 7 16,5 3 5 23,8 1 5 36,4 8 2 89,983 Securities held outright 778,9 0 2 37,1 6 8 288,2 9 3 33,8 1 7 33,6 3 3 64,7 0 3 65,2 0 7 71,5 1 9 24,7 4 7 15,8 3 5 22,8 0 8 34,9 5 6 86,217 U.S. Treasury1 778,9 0 2 37,1 6 8 288,2 9 3 33,8 1 7 33,6 3 3 64,7 0 3 65,2 0 7 71,5 1 9 24,7 4 7 15,8 3 5 22,8 0 8 34,9 5 6 86,217 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 8 3 23,9 4 9 185,7 6 1 21,7 9 0 21,6 7 1 41,6 9 2 42,0 1 6 46,0 8 3 15,9 4 6 10,2 0 3 14,6 9 6 22,5 2 4 55,554 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 34,0 0 0 1,6 2 2 12,5 8 4 1,4 7 6 1,4 6 8 2,8 2 4 2,8 4 6 3,1 2 2 1,0 8 0 6 9 1 9 9 6 1,5 2 6 3,763 Loans 4 1 8 0 0 5 0 0 6 0 9 1 2 0 2 Items in process of collection 9,6 6 8 3 5 7 1 9 0 1,9 8 7 1,2 2 1 8 7 7 7 1 0 5 5 6 2 7 4 4 2 4 8 0 0 8 1 6 1,456 Bank premises 1,9 6 0 1 1 7 2 1 1 5 8 1 5 7 1 6 9 2 3 1 2 0 5 8 0 1 1 6 1 6 8 2 6 0 187 Other assets5 35,8 3 2 1,2 1 0 11,1 9 4 3,0 4 2 2,1 1 5 6,7 5 6 2,9 2 2 2,4 1 4 7 1 4 6 7 7 6 5 3 9 3 7 3,197 Interdistrict settlement account 0 - 2,2 8 5 - 6,1 6 7 - 2,5 0 9 - 5,0 8 5 + 1,9 0 7 +11,7 3 4 - 4,6 8 9 + 9 8 1 - 1,0 6 3 + 3,2 9 4 + 1,7 0 9 + 2,172 Total assets 874,6 4 2 38,8 3 5 311,3 8 4 38,4 8 7 34,1 6 3 78,3 3 6 84,9 5 6 74,4 0 6 28,3 1 8 16,9 7 1 29,1 9 7 40,9 7 3 98,617 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 21, 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 962,5 0 4 38,9 9 9 340,9 9 9 38,0 4 2 36,1 7 4 74,9 5 0 102,8 7 6 82,0 2 7 29,3 4 4 17,3 3 1 30,8 1 3 57,0 3 5 113,912 Less: notes held by F.R. Banks 191,2 6 6 4,1 5 9 63,0 0 1 6,9 0 4 7,3 5 8 12,9 4 1 26,1 9 7 14,9 5 0 3,4 2 2 2,4 7 1 4,3 4 0 19,7 7 8 25,746 Federal Reserve notes, net 771,2 3 8 34,8 3 9 277,9 9 9 31,1 3 8 28,8 1 6 62,0 0 9 76,6 7 9 67,0 7 7 25,9 2 2 14,8 6 1 26,4 7 3 37,2 5 7 88,167 Reverse repurchase agreements1 38,1 4 4 1,8 2 0 14,1 1 8 1,6 5 6 1,6 4 7 3,1 6 9 3,1 9 3 3,5 0 2 1,2 1 2 7 7 5 1,1 1 7 1,7 1 2 4,222 Deposits 20,3 7 4 6 2 0 9,0 0 8 6 0 0 6 8 0 3,5 5 3 1,2 5 0 1,0 0 3 4 3 0 2 6 2 4 4 5 7 0 9 1,814 Depository institutions 14,7 2 2 6 1 2 3,4 8 8 5 9 5 6 7 5 3,4 6 2 1,2 4 6 1,0 0 1 4 1 9 2 6 1 4 4 4 7 0 8 1,811 U.S. Treasury, general account 5,3 0 4 0 5,3 0 4 0 0 0 0 0 0 0 0 0 0 Foreign official 9 1 1 6 0 5 3 1 1 3 2 0 1 0 1 3 Other 2 5 7 7 1 5 5 0 2 8 0 0 1 1 1 0 1 0 0 Deferred availability cash items 7,4 9 5 4 7 3 2 2 4 1,3 2 0 5 4 2 7 4 6 7 1 5 5 3 2 1 8 4 3 4 1 5 9 6 5 6 2 1,259 Other liabilities and accrued dividends2 5,6 4 5 2 6 1 1,8 2 0 2 6 5 2 7 3 6 2 5 5 1 2 5 0 8 2 1 3 1 5 2 1 9 1 2 7 6 547 Total liabilities 842,8 9 5 38,0 1 3 303,1 6 9 34,9 7 9 31,9 5 8 70,1 0 2 82,3 4 8 72,6 2 3 27,9 6 1 16,3 9 1 28,8 2 3 40,5 1 6 96,010 Capital Capital paid in 15,8 5 9 3 9 5 4,2 1 6 1,8 1 0 1,0 8 9 4,0 9 6 1,2 7 6 8 6 1 1 6 8 2 8 9 1 7 9 2 1 4 1,266 Surplus 15,2 2 4 3 9 6 3,7 3 8 1,6 9 8 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 6 6 4 3 1 2 6 0 0 2 9 4 5 5 4 6 3 2 3 1 5 1 9 3 1 94 Total liabilities and capital 874,6 4 2 38,8 3 5 311,3 8 4 38,4 8 7 34,1 6 3 78,3 3 6 84,9 5 6 74,4 0 6 28,3 1 8 16,9 7 1 29,1 9 7 40,9 7 3 98,617 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 21, 2007 Federal Reserve notes outstanding 962,504 Less: Notes held by F.R. Banks not subject to collateralization 191,266 Federal Reserve notes to be collateralized 771,238 Collateral held against Federal Reserve notes 771,238 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 758,001 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 812,902 Less: face value of securities under reverse repurchase agreements 38,209 U.S. Treasury and agency securities eligible to be pledged 774,693 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.