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 29, 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 Mar 28, 2007 Mar 21, 2007 Mar 29, 2006 Mar 28, 2007 Reserve Bank credit 852,122 + 997 + 38,019 855,715 Securities held outright 780,882 + 25 + 22,369 780,890 U.S. Treasury1 780,882 + 25 + 22,369 780,890 Bills2 277,019 0 + 1,649 277,019 Notes and bonds, nominal2 468,553 0 + 11,376 468,553 Notes and bonds, inflation-indexed2 31,776 0 + 9,130 31,776 Inflation compensation3 3,534 + 25 + 214 3,543 Federal agency2 0 0 0 0 Repurchase agreements4 32,179 + 429 + 11,429 36,000 Loans to depository institutions 80 + 40 - 11 28 Primary credit 52 + 42 + 16 0 Secondary credit 0 0 0 0 Seasonal credit 28 - 2 - 27 28 Float -553 + 50 - 262 -989 Other Federal Reserve assets 39,534 + 453 + 4,494 39,785 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,366 + 14 + 500 38,366 Total factors supplying reserve funds 903,729 + 1,012 + 38,516 907,321 Currency in circulation5 805,493 - 805 + 17,047 807,386 Reverse repurchase agreements6 37,444 - 1,793 + 14,551 37,643 Foreign official and international accounts 37,444 - 1,793 + 14,551 37,643 Dealers 0 0 0 0 Treasury cash holdings 274 + 37 + 70 301 Deposits with F.R. Banks, other than reserve balances 12,365 - 404 - 1,320 12,135 U.S. Treasury, general account 4,990 - 418 - 410 4,772 Foreign official 99 + 9 + 14 91 Service-related 7,040 - 1 - 941 7,040 Required clearing balances 7,040 - 1 - 941 7,040 Adjustments to compensate for float 0 0 0 0 Other 236 + 7 + 17 231 Other liabilities and capital 38,759 - 25 + 5,864 38,468 Total factors, other than reserve balances, absorbing reserve funds 894,336 - 2,988 + 36,212 895,933 Reserve balances with Federal Reserve Banks 9,393 + 3,999 + 2,304 11,388 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,879,744 + 3,889 + 287,555 1,884,794 U.S. Treasury 1,210,818 - 6,610 + 83,278 1,213,661 Federal agency 668,926 + 10,499 + 204,277 671,133 Securities lent to dealers 581 - 1,066 - 344 1,994 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 Mar 28, 2007 Mar 21, 2007 Mar 29, 2006 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 921 - 10 + 132 Securities, repurchase agreements, and loans 816,919 + 6,273 + 38,639 Securities held outright 780,890 + 24 + 22,361 U.S. Treasury1 780,890 + 24 + 22,361 Bills2 277,019 0 + 1,649 Notes and bonds, nominal2 468,553 0 + 11,376 Notes and bonds, inflation-indexed2 31,776 0 + 9,130 Inflation compensation3 3,543 + 25 + 207 Federal agency2 0 0 0 Repurchase agreements4 36,000 + 6,250 + 16,500 Loans 28 - 1 - 223 Items in process of collection (853) 2,819 - 86 - 2,440 Bank premises 1,975 + 1 + 151 Other assets5 37,811 + 551 + 340 Total assets (853) 873,681 + 6,729 + 36,819 Liabilities Federal Reserve notes, net of F.R. Bank holdings 770,238 + 186 + 17,111 Reverse repurchase agreements6 37,643 - 854 + 15,224 Deposits (0) 23,524 + 7,203 + 643 Depository institutions 18,429 + 7,139 + 470 U.S. Treasury, general account 4,772 + 51 + 153 Foreign official 91 + 1 + 7 Other (0) 231 + 11 + 12 Deferred availability cash items (853) 3,808 - 5 - 2,145 Other liabilities and accrued dividends7 5,852 + 41 + 1,205 Total liabilities (853) 841,066 + 6,572 + 32,039 Capital accounts Capital paid in 15,841 - 16 + 2,093 Surplus 15,361 + 22 + 2,460 Other capital accounts 1,414 + 152 + 228 Total capital 32,615 + 157 + 4,780 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, March 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 28 57,927 - 835 0 0 36,000 37,643 16 days to 90 days 0 174,578 + 727 0 0 0 0 91 days to 1 year 0 174,718 + 110 0 0 . . . . . . Over 1 year to 5 years . . . 224,582 + 6 0 0 . . . . . . Over 5 years to 10 years . . . 66,552 + 6 0 0 . . . . . . Over 10 years . . . 82,534 + 10 0 0 . . . . . . All 28 780,890 + 24 0 0 36,000 37,643 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 March 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 2 1 3 7 6 0 6 4 9 8 8 6 9 2 1 0 7 3 9 3 8 6 7 8 7 145 Securities, repurchase agreements, and loans 816,9 1 9 38,9 8 7 302,3 5 4 35,4 6 6 35,2 7 3 67,8 5 9 68,3 8 7 75,0 2 0 25,9 5 4 16,6 1 4 23,9 2 2 36,6 6 1 90,422 Securities held outright 780,8 9 0 37,2 6 3 289,0 2 9 33,9 0 3 33,7 1 9 64,8 6 9 65,3 7 4 71,7 0 1 24,8 1 0 15,8 7 5 22,8 6 6 35,0 4 5 86,437 U.S. Treasury1 780,8 9 0 37,2 6 3 289,0 2 9 33,9 0 3 33,7 1 9 64,8 6 9 65,3 7 4 71,7 0 1 24,8 1 0 15,8 7 5 22,8 6 6 35,0 4 5 86,437 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 503,8 7 2 24,0 4 4 186,4 9 7 21,8 7 6 21,7 5 7 41,8 5 7 42,1 8 3 46,2 6 5 16,0 0 9 10,2 4 3 14,7 5 4 22,6 1 3 55,774 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 36,0 0 0 1,7 1 8 13,3 2 5 1,5 6 3 1,5 5 4 2,9 9 1 3,0 1 4 3,3 0 6 1,1 4 4 7 3 2 1,0 5 4 1,6 1 6 3,985 Loans 2 8 7 0 0 0 0 0 1 3 0 7 2 0 0 Items in process of collection 3,6 7 2 1 2 9 5 8 4 8 2 2 1 7 3 7 0 6 3 7 1 9 6 1 4 3 1 3 4 3 0 2 2 7 3 730 Bank premises 1,9 7 5 1 1 7 2 1 1 5 7 1 5 7 1 7 0 2 3 1 2 0 7 8 2 1 1 5 1 7 8 2 6 0 189 Other assets5 37,8 1 1 1,2 9 2 11,8 7 9 3,1 6 4 2,2 0 8 6,9 9 9 3,0 9 4 2,5 8 4 7 4 9 7 1 6 7 0 5 1,0 1 1 3,409 Interdistrict settlement account 0 - 2,8 1 3 - 8,0 2 0 - 1,8 3 2 - 4,9 6 8 + 9 8 5 +14,1 0 5 - 5,1 5 0 + 5 8 7 - 6 9 7 + 3,7 8 0 + 1,6 7 3 + 2,349 Total assets 874,5 3 4 38,3 5 1 311,5 5 5 37,9 4 8 33,5 3 5 77,4 7 0 87,7 3 6 74,1 2 3 27,9 5 4 17,1 6 1 29,3 4 5 40,6 3 8 98,718 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 March 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 964,9 0 4 38,6 6 5 340,1 3 7 38,0 6 7 36,0 0 6 75,0 6 3 107,6 4 3 81,6 4 7 29,3 3 3 17,3 1 7 30,7 2 8 57,0 9 0 113,209 Less: notes held by F.R. Banks 194,6 6 6 4,5 2 4 64,5 1 2 6,7 0 8 7,9 7 8 13,2 2 4 28,1 7 4 14,8 0 9 3,5 7 5 2,4 4 2 4,0 0 3 20,0 8 8 24,629 Federal Reserve notes, net 770,2 3 8 34,1 4 1 275,6 2 5 31,3 5 9 28,0 2 7 61,8 3 9 79,4 6 9 66,8 3 8 25,7 5 8 14,8 7 5 26,7 2 6 37,0 0 2 88,580 Reverse repurchase agreements1 37,6 4 3 1,7 9 6 13,9 3 3 1,6 3 4 1,6 2 5 3,1 2 7 3,1 5 1 3,4 5 6 1,1 9 6 7 6 5 1,1 0 2 1,6 8 9 4,167 Deposits 23,5 2 4 1,0 3 5 11,2 6 7 4 3 5 9 9 3 3,1 3 7 1,3 5 9 1,2 2 2 3 0 2 4 6 7 5 3 2 7 7 5 2,000 Depository institutions 18,4 2 9 1,0 3 3 6,2 6 9 4 3 0 9 8 9 3,0 7 5 1,3 5 6 1,2 2 0 2 8 9 4 6 6 5 3 0 7 7 5 1,997 U.S. Treasury, general account 4,7 7 2 0 4,7 7 2 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 3 1 1 1 6 4 1 1 5 1 0 0 1 3 0 1 0 0 Deferred availability cash items 4,6 6 1 2 8 3 1 2 1 5 7 8 4 1 8 5 2 9 5 3 4 2 9 3 1 2 9 2 5 0 4 2 0 3 1 9 788 Other liabilities and accrued dividends2 5,8 5 2 2 6 8 1,8 7 5 2 8 0 2 8 5 7 0 2 5 2 2 5 1 8 2 1 4 1 5 5 1 8 8 2 8 3 563 Total liabilities 841,9 1 9 37,5 2 3 302,8 2 0 34,2 8 7 31,3 4 8 69,3 3 4 85,0 3 5 72,3 2 7 27,5 9 9 16,5 1 2 28,9 6 8 40,0 6 8 96,097 Capital Capital paid in 15,8 4 1 3 9 6 4,2 2 0 1,8 1 1 1,0 6 0 3,9 7 2 1,3 1 3 8 6 3 1 6 8 3 1 7 1 7 9 2 7 6 1,267 Surplus 15,3 6 1 3 9 6 3,7 6 0 1,8 1 0 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 1,4 1 4 3 6 7 5 4 4 1 4 1 7 0 1 1 1 7 4 2 0 5 7 2 2 8 2 107 Total liabilities and capital 874,5 3 4 38,3 5 1 311,5 5 5 37,9 4 8 33,5 3 5 77,4 7 0 87,7 3 6 74,1 2 3 27,9 5 4 17,1 6 1 29,3 4 5 40,6 3 8 98,718 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 Mar 28, 2007 Federal Reserve notes outstanding 964,904 Less: Notes held by F.R. Banks not subject to collateralization 194,666 Federal Reserve notes to be collateralized 770,238 Collateral held against Federal Reserve notes 770,238 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 757,001 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 816,890 Less: face value of securities under reverse repurchase agreements 37,712 U.S. Treasury and agency securities eligible to be pledged 779,179 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.