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 April 5, 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 Apr 4, 2007 Mar 28, 2007 Apr 5, 2006 Apr 4, 2007 Reserve Bank credit 852,245 + 128 + 31,787 847,502 Securities held outright 780,908 + 26 + 22,364 780,926 U.S. Treasury1 780,908 + 26 + 22,364 780,926 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 3,560 + 26 + 209 3,578 Federal agency2 0 0 0 0 Repurchase agreements4 32,214 + 35 + 8,071 28,000 Loans to depository institutions 115 + 35 - 179 32 Primary credit 87 + 35 - 148 1 Secondary credit 0 0 0 0 Seasonal credit 28 0 - 31 31 Float -767 - 214 + 1,054 -993 Other Federal Reserve assets 39,775 + 245 + 477 39,537 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,375 + 14 + 496 38,375 Total factors supplying reserve funds 903,861 + 142 + 32,281 899,118 Currency in circulation5 806,669 + 1,181 + 17,015 808,875 Reverse repurchase agreements6 36,633 - 811 + 11,452 35,475 Foreign official and international accounts 36,633 - 811 + 11,452 35,475 Dealers 0 0 0 0 Treasury cash holdings 307 + 33 + 99 344 Deposits with F.R. Banks, other than reserve balances 12,118 - 247 - 1,192 12,412 U.S. Treasury, general account 4,769 - 221 - 459 4,973 Foreign official 98 - 1 + 13 131 Service-related 6,988 - 52 - 743 6,988 Required clearing balances 6,988 - 52 - 743 6,988 Adjustments to compensate for float 0 0 0 0 Other 262 + 26 - 5 319 Other liabilities and capital 38,828 + 69 + 5,889 38,272 Total factors, other than reserve balances, absorbing reserve funds 894,555 + 224 + 33,263 895,378 Reserve balances with Federal Reserve Banks 9,306 - 82 - 982 3,741 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,892,746 + 13,002 + 298,870 1,905,596 U.S. Treasury 1,220,359 + 9,541 + 92,768 1,232,518 Federal agency 672,387 + 3,461 + 206,103 673,078 Securities lent to dealers 1,917 + 1,336 - 242 843 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 Apr 4, 2007 Mar 28, 2007 Apr 5, 2006 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 939 + 18 + 142 Securities, repurchase agreements, and loans 808,958 - 7,961 + 31,093 Securities held outright 780,926 + 36 + 22,375 U.S. Treasury1 780,926 + 36 + 22,375 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 3,578 + 35 + 220 Federal agency2 0 0 0 Repurchase agreements4 28,000 - 8,000 + 8,750 Loans 32 + 4 - 32 Items in process of collection (887) 3,510 + 691 - 2,803 Bank premises 1,986 + 11 + 154 Other assets5 37,555 - 256 - 167 Total assets (887) 866,185 - 7,496 + 28,417 Liabilities Federal Reserve notes, net of F.R. Bank holdings 771,780 + 1,542 + 17,213 Reverse repurchase agreements6 35,475 - 2,168 + 11,952 Deposits (0) 16,157 - 7,367 - 3,865 Depository institutions 10,733 - 7,696 - 4,190 U.S. Treasury, general account 4,973 + 201 + 310 Foreign official 131 + 40 + 47 Other (0) 319 + 88 - 33 Deferred availability cash items (887) 4,502 + 694 - 2,357 Other liabilities and accrued dividends7 5,883 + 31 + 1,270 Total liabilities (887) 833,797 - 7,269 + 24,212 Capital accounts Capital paid in 15,847 + 6 + 2,081 Surplus 15,361 0 + 2,460 Other capital accounts 1,180 - 234 - 335 Total capital 32,388 - 227 + 4,205 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, April 4, 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 4 49,523 - 8,404 0 0 28,000 35,475 16 days to 90 days 28 182,042 + 7,464 0 0 0 0 91 days to 1 year 0 174,217 - 501 0 0 . . . . . . Over 1 year to 5 years . . . 226,033 + 1,451 0 0 . . . . . . Over 5 years to 10 years . . . 66,562 + 10 0 0 . . . . . . Over 10 years . . . 82,549 + 15 0 0 . . . . . . All 32 780,926 + 36 0 0 28,000 35,475 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 April 4, 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 3 9 4 0 6 0 6 3 9 6 8 9 9 9 1 0 7 3 6 4 3 6 7 9 1 149 Securities, repurchase agreements, and loans 808,9 5 8 38,6 0 4 299,4 0 6 35,1 2 0 34,9 2 9 67,1 9 8 67,7 2 1 74,2 9 3 25,7 0 3 16,4 5 0 23,6 9 1 36,3 0 4 89,541 Securities held outright 780,9 2 6 37,2 6 5 289,0 4 2 33,9 0 4 33,7 2 0 64,8 7 2 65,3 7 7 71,7 0 5 24,8 1 1 15,8 7 6 22,8 6 7 35,0 4 7 86,441 U.S. Treasury1 780,9 2 6 37,2 6 5 289,0 4 2 33,9 0 4 33,7 2 0 64,8 7 2 65,3 7 7 71,7 0 5 24,8 1 1 15,8 7 6 22,8 6 7 35,0 4 7 86,441 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 503,9 0 7 24,0 4 6 186,5 1 0 21,8 7 8 21,7 5 9 41,8 6 0 42,1 8 5 46,2 6 9 16,0 1 0 10,2 4 4 14,7 5 5 22,6 1 5 55,778 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 28,0 0 0 1,3 3 6 10,3 6 4 1,2 1 6 1,2 0 9 2,3 2 6 2,3 4 4 2,5 7 1 8 9 0 5 6 9 8 2 0 1,2 5 7 3,099 Loans 3 2 3 0 0 0 0 0 1 7 2 5 4 0 1 Items in process of collection 4,3 9 7 1 7 3 7 0 6 8 0 4 9 9 3 3 5 2 6 6 4 1 2 1 9 7 2 7 7 3 5 2 2 9 8 837 Bank premises 1,9 8 6 1 1 7 2 1 1 5 7 1 5 6 1 7 1 2 3 1 2 0 7 8 4 1 1 5 1 8 9 2 6 0 188 Other assets5 37,5 5 5 1,2 7 9 11,7 7 1 3,1 4 9 2,1 9 2 6,9 7 7 3,0 8 8 2,5 6 2 7 5 1 7 1 0 7 0 2 9 9 9 3,374 Interdistrict settlement account 0 - 3,0 9 2 - 9,5 5 3 - 1,2 2 7 - 5,0 5 3 + 8 2 7 +14,2 6 8 - 4,6 8 4 + 8 9 9 - 8 4 3 + 3,9 0 8 + 1,7 8 8 + 2,763 Total assets 867,0 7 2 37,7 2 1 306,9 7 8 38,3 8 7 33,3 6 9 76,5 9 6 86,8 6 2 74,0 5 6 28,0 7 0 16,9 9 3 29,2 9 9 40,4 1 3 98,328 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 April 4, 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 964,7 9 5 38,6 0 8 339,8 5 9 38,0 7 1 35,9 6 6 75,7 4 7 107,3 9 8 81,5 4 4 29,3 3 2 17,3 3 7 30,7 2 0 57,1 4 6 113,067 Less: notes held by F.R. Banks 193,0 1 6 4,4 5 5 64,0 9 9 6,6 4 5 7,9 5 3 12,9 4 3 28,4 6 6 14,3 4 7 3,4 9 6 2,4 1 2 3,9 3 6 20,2 5 5 24,009 Federal Reserve notes, net 771,7 8 0 34,1 5 3 275,7 6 0 31,4 2 6 28,0 1 4 62,8 0 4 78,9 3 2 67,1 9 8 25,8 3 6 14,9 2 4 26,7 8 4 36,8 9 1 89,058 Reverse repurchase agreements1 35,4 7 5 1,6 9 3 13,1 3 0 1,5 4 0 1,5 3 2 2,9 4 7 2,9 7 0 3,2 5 7 1,1 2 7 7 2 1 1,0 3 9 1,5 9 2 3,927 Deposits 16,1 5 7 4 9 7 7,4 2 4 4 1 5 9 1 4 1,6 5 7 1,2 0 9 9 8 1 3 2 3 2 6 7 4 2 4 6 8 2 1,363 Depository institutions 10,7 3 3 4 9 5 2,1 5 5 4 1 0 9 1 1 1,5 3 8 1,2 0 6 9 7 9 3 1 1 2 6 6 4 2 2 6 8 1 1,360 U.S. Treasury, general account 4,9 7 3 0 4,9 7 3 0 0 0 0 0 0 0 0 0 0 Foreign official 1 3 1 1 1 0 1 5 3 1 1 3 2 0 1 0 1 3 Other 3 1 9 1 1 9 6 0 0 1 0 9 0 0 1 1 0 1 0 0 Deferred availability cash items 5,3 8 9 2 8 9 1 1 3 1,0 9 1 4 6 1 3 9 6 5 4 0 3 2 0 2 0 2 2 8 5 4 8 8 3 8 8 818 Other liabilities and accrued dividends2 5,8 8 3 2 6 7 1,8 7 5 2 8 1 2 8 8 7 0 5 5 4 7 5 1 4 2 1 9 1 5 3 1 8 9 2 8 1 563 Total liabilities 834,6 8 4 36,9 0 0 298,3 0 2 34,7 5 3 31,2 0 7 68,5 0 9 84,1 9 8 72,2 7 0 27,7 0 8 16,3 5 0 28,9 2 2 39,8 3 4 95,729 Capital Capital paid in 15,8 4 7 3 9 6 4,2 2 0 1,8 1 0 1,0 6 0 3,9 7 2 1,3 1 6 8 6 3 1 6 9 3 1 6 1 7 9 2 7 6 1,270 Surplus 15,3 6 1 3 9 6 3,7 6 0 1,8 1 0 1,0 8 7 4,0 9 5 1,2 7 6 8 5 9 1 6 6 2 7 6 1 7 6 2 1 2 1,247 Other capital 1,1 8 0 2 8 6 9 5 1 4 1 6 2 1 7 1 6 4 2 6 5 1 2 2 9 0 82 Total liabilities and capital 867,0 7 2 37,7 2 1 306,9 7 8 38,3 8 7 33,3 6 9 76,5 9 6 86,8 6 2 74,0 5 6 28,0 7 0 16,9 9 3 29,2 9 9 40,4 1 3 98,328 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 Apr 4, 2007 Federal Reserve notes outstanding 964,795 Less: Notes held by F.R. Banks not subject to collateralization 193,016 Federal Reserve notes to be collateralized 771,780 Collateral held against Federal Reserve notes 771,780 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 758,543 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 808,926 Less: face value of securities under reverse repurchase agreements 35,538 U.S. Treasury and agency securities eligible to be pledged 773,388 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.