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 March 1, 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 28, 2007 Feb 21, 2007 Mar 1, 2006 Feb 28, 2007 Reserve Bank credit 853,467 + 1,795 + 32,710 863,042 Securities held outright 779,447 + 549 + 25,757 780,793 U.S. Treasury1 779,447 + 549 + 25,757 780,793 Bills2 277,019 0 + 2,877 277,019 Notes and bonds, nominal2 467,212 + 537 + 12,977 468,553 Notes and bonds, inflation-indexed2 31,776 0 + 9,580 31,776 Inflation compensation3 3,441 + 13 + 323 3,446 Federal agency2 0 0 0 0 Repurchase agreements4 36,286 + 1,107 + 7,250 45,250 Loans to depository institutions 33 + 7 - 1 22 Primary credit 11 + 6 + 5 0 Secondary credit 0 0 0 0 Seasonal credit 21 0 - 7 22 Float -439 - 229 - 650 -1,010 Other Federal Reserve assets 38,141 + 362 + 354 37,987 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,318 + 14 + 505 38,318 Total factors supplying reserve funds 905,026 + 1,809 + 33,212 914,601 Currency in circulation5 806,652 - 1,160 + 18,266 808,091 Reverse repurchase agreements6 38,712 + 996 + 14,065 39,645 Foreign official and international accounts 38,712 + 996 + 14,065 39,645 Dealers 0 0 0 0 Treasury cash holdings 201 - 9 + 16 204 Deposits with F.R. Banks, other than reserve balances 11,755 - 280 - 1,688 12,297 U.S. Treasury, general account 4,674 - 266 - 406 5,194 Foreign official 91 0 + 8 91 Service-related 6,738 0 - 1,277 6,738 Required clearing balances 6,738 0 - 1,277 6,738 Adjustments to compensate for float 0 0 0 0 Other 252 - 15 - 13 274 Other liabilities and capital 38,069 + 437 + 5,753 38,147 Total factors, other than reserve balances, absorbing reserve funds 895,390 - 15 + 36,413 898,384 Reserve balances with Federal Reserve Banks 9,636 + 1,824 - 3,202 16,216 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,833,370 + 6,789 + 253,534 1,839,398 U.S. Treasury 1,200,513 + 7,735 + 73,894 1,205,004 Federal agency 632,856 - 946 + 179,639 634,394 Securities lent to dealers 2,382 - 72 - 1,227 6,026 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 28, 2007 Feb 21, 2007 Mar 1, 2006 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 985 - 16 + 159 Securities, repurchase agreements, and loans 826,065 + 13,121 + 43,594 Securities held outright 780,793 + 1,891 + 26,111 U.S. Treasury1 780,793 + 1,891 + 26,111 Bills2 277,019 0 + 2,877 Notes and bonds, nominal2 468,553 + 1,878 + 13,326 Notes and bonds, inflation-indexed2 31,776 0 + 9,580 Inflation compensation3 3,446 + 14 + 329 Federal agency2 0 0 0 Repurchase agreements4 45,250 + 11,250 + 17,500 Loans 22 - 19 - 16 Items in process of collection (795) 3,040 - 5,042 - 5,085 Bank premises 1,974 + 14 + 153 Other assets5 35,966 + 134 + 45 Total assets (795) 881,267 + 8,211 + 38,864 Liabilities Federal Reserve notes, net of F.R. Bank holdings 770,958 - 280 + 17,930 Reverse repurchase agreements6 39,645 + 1,501 + 14,973 Deposits (0) 28,464 + 8,090 + 2,565 Depository institutions 22,906 + 8,184 + 2,809 U.S. Treasury, general account 5,194 - 110 - 233 Foreign official 91 0 + 6 Other (0) 274 + 17 - 16 Deferred availability cash items (795) 4,053 - 1,857 - 2,740 Other liabilities and accrued dividends7 5,697 + 52 + 1,333 Total liabilities (795) 848,817 + 7,508 + 34,061 Capital accounts Capital paid in 15,953 + 94 + 2,214 Surplus 15,282 + 58 + 2,381 Other capital accounts 1,214 + 550 + 208 Total capital 32,450 + 703 + 4,804 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 28, 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 20 54,261 - 8,873 0 0 45,250 39,645 16 days to 90 days 2 171,003 - 137 0 0 0 0 91 days to 1 year 0 177,267 + 1,156 0 0 . . . . . . Over 1 year to 5 years . . . 229,242 + 9,736 0 0 . . . . . . Over 5 years to 10 years . . . 66,526 + 3 0 0 . . . . . . Over 10 years . . . 82,494 + 5 0 0 . . . . . . All 22 780,793 + 1,891 0 0 45,250 39,645 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 28, 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 8 5 3 8 6 9 6 8 9 9 9 8 1 0 8 1 1 1 4 2 4 0 7 4 9 1 146 Securities, repurchase agreements, and loans 826,0 6 5 39,4 2 7 305,7 4 1 35,8 6 3 35,6 6 8 68,6 1 9 69,1 5 4 75,8 5 1 26,2 4 5 16,8 0 0 24,1 9 0 37,0 7 2 91,435 Securities held outright 780,7 9 3 37,2 5 8 288,9 9 3 33,8 9 9 33,7 1 4 64,8 6 1 65,3 6 5 71,6 9 2 24,8 0 7 15,8 7 3 22,8 6 3 35,0 4 1 86,426 U.S. Treasury1 780,7 9 3 37,2 5 8 288,9 9 3 33,8 9 9 33,7 1 4 64,8 6 1 65,3 6 5 71,6 9 2 24,8 0 7 15,8 7 3 22,8 6 3 35,0 4 1 86,426 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 503,7 7 5 24,0 3 9 186,4 6 1 21,8 7 2 21,7 5 3 41,8 4 9 42,1 7 4 46,2 5 7 16,0 0 6 10,2 4 1 14,7 5 2 22,6 0 9 55,763 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 45,2 5 0 2,1 5 9 16,7 4 8 1,9 6 5 1,9 5 4 3,7 5 9 3,7 8 8 4,1 5 5 1,4 3 8 9 2 0 1,3 2 5 2,0 3 1 5,009 Loans 2 2 1 0 0 0 0 0 0 4 0 7 2 0 0 Items in process of collection 3,8 3 5 1 8 7 6 7 5 0 1 4 8 8 4 0 4 3 2 3 1 9 3 1 2 1 2 6 9 3 7 2 2 1 7 695 Bank premises 1,9 7 4 1 1 7 2 1 0 5 7 1 5 6 1 7 1 2 3 1 2 0 6 8 3 1 1 6 1 7 8 2 5 9 189 Other assets5 35,9 6 6 1,2 0 4 11,1 7 7 3,1 7 1 2,1 1 0 6,8 0 1 2,9 3 2 2,4 2 0 6 9 4 6 7 4 6 5 6 9 3 1 3,196 Interdistrict settlement account 0 - 2,7 4 2 - 4,3 7 3 - 2,4 7 8 - 4,6 6 0 - 3 5 0 +12,4 7 7 - 5,2 0 9 + 4 1 3 - 2 0 2 + 3,4 2 5 + 1,6 9 8 + 2,001 Total assets 882,0 6 2 38,8 3 2 317,9 0 4 37,7 2 8 34,4 1 1 76,7 4 4 86,4 1 4 74,7 3 2 27,9 9 8 17,9 3 7 29,2 8 5 40,9 4 1 99,137 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 28, 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 963,3 5 7 38,9 9 3 340,8 8 9 37,9 5 6 36,0 7 9 74,8 3 4 104,0 2 2 82,2 8 6 29,3 2 5 17,3 1 3 30,8 1 2 57,0 5 9 113,789 Less: notes held by F.R. Banks 192,4 0 0 4,3 1 8 63,0 0 9 6,9 9 5 7,3 8 3 13,2 2 9 26,6 3 3 14,9 8 4 3,6 3 1 2,4 1 1 4,3 1 7 19,9 2 9 25,561 Federal Reserve notes, net 770,9 5 8 34,6 7 5 277,8 8 1 30,9 6 0 28,6 9 6 61,6 0 5 77,3 8 9 67,3 0 3 25,6 9 4 14,9 0 1 26,4 9 5 37,1 3 0 88,228 Reverse repurchase agreements1 39,6 4 5 1,8 9 2 14,6 7 4 1,7 2 1 1,7 1 2 3,2 9 3 3,3 1 9 3,6 4 0 1,2 6 0 8 0 6 1,1 6 1 1,7 7 9 4,388 Deposits 28,4 6 4 8 3 3 14,9 0 1 5 1 5 1,0 7 9 2,2 9 8 2,0 0 7 1,1 9 1 3 5 9 1,1 6 4 5 9 7 9 1 9 2,602 Depository institutions 22,9 0 6 8 2 2 9,4 8 0 5 1 0 1,0 7 5 2,2 0 9 2,0 0 4 1,1 8 8 3 4 2 1,1 6 3 5 9 6 9 1 8 2,598 U.S. Treasury, general account 5,1 9 4 0 5,1 9 4 0 0 0 0 0 0 0 0 0 0 Foreign official 9 1 1 6 1 5 3 1 1 3 2 0 1 0 1 3 Other 2 7 4 1 0 1 6 6 0 1 7 9 0 0 1 6 0 1 0 0 Deferred availability cash items 4,8 4 8 3 4 1 6 7 6 9 7 4 2 7 5 7 4 5 4 5 2 8 3 1 0 6 2 9 1 4 5 4 3 2 6 738 Other liabilities and accrued dividends2 5,6 9 7 2 6 5 1,8 6 1 2 6 9 2 7 8 6 0 4 5 2 1 5 1 0 2 1 7 1 4 9 1 9 3 2 7 8 552 Total liabilities 849,6 1 2 38,0 0 5 309,3 8 2 34,1 6 3 32,1 9 2 68,3 7 4 83,7 8 2 72,9 2 7 27,6 3 6 17,3 1 2 28,9 0 0 40,4 3 2 96,507 Capital Capital paid in 15,9 5 3 3 9 5 4,2 1 8 1,8 1 0 1,0 8 9 4,1 1 0 1,2 7 7 8 6 1 1 6 8 3 1 6 1 7 9 2 6 4 1,266 Surplus 15,2 8 2 3 9 6 3,7 3 8 1,7 5 5 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 1,2 1 4 3 5 5 6 6 0 4 3 1 6 6 7 9 8 5 2 8 3 3 3 0 3 2 117 Total liabilities and capital 882,0 6 2 38,8 3 2 317,9 0 4 37,7 2 8 34,4 1 1 76,7 4 4 86,4 1 4 74,7 3 2 27,9 9 8 17,9 3 7 29,2 8 5 40,9 4 1 99,137 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 28, 2007 Federal Reserve notes outstanding 963,357 Less: Notes held by F.R. Banks not subject to collateralization 192,400 Federal Reserve notes to be collateralized 770,958 Collateral held against Federal Reserve notes 770,958 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 757,721 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 826,043 Less: face value of securities under reverse repurchase agreements 39,718 U.S. Treasury and agency securities eligible to be pledged 786,326 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.