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 12, 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 11, 2007 Apr 4, 2007 Apr 12, 2006 Apr 11, 2007 Reserve Bank credit 849,422 - 2,823 + 31,563 851,159 Securities held outright 781,362 + 454 + 22,803 782,816 U.S. Treasury1 781,362 + 454 + 22,803 782,816 Bills2 277,019 0 + 1,649 277,019 Notes and bonds, nominal2 468,962 + 409 + 11,785 470,399 Notes and bonds, inflation-indexed2 31,776 0 + 9,130 31,776 Inflation compensation3 3,606 + 46 + 241 3,622 Federal agency2 0 0 0 0 Repurchase agreements4 28,607 - 3,607 + 9,143 28,750 Loans to depository institutions 44 - 71 - 556 49 Primary credit 1 - 86 - 525 1 Secondary credit 0 0 0 0 Seasonal credit 43 + 15 - 31 48 Float -471 + 296 - 61 -781 Other Federal Reserve assets 39,879 + 104 + 232 40,324 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,389 + 14 + 496 38,389 Total factors supplying reserve funds 901,052 - 2,809 + 32,057 902,789 Currency in circulation5 808,223 + 1,554 + 17,505 810,129 Reverse repurchase agreements6 35,442 - 1,191 + 11,796 34,134 Foreign official and international accounts 35,442 - 1,191 + 11,796 34,134 Dealers 0 0 0 0 Treasury cash holdings 341 + 34 + 141 318 Deposits with F.R. Banks, other than reserve balances 12,033 - 85 - 1,200 12,113 U.S. Treasury, general account 4,672 - 97 - 454 4,758 Foreign official 92 - 6 + 6 93 Service-related 6,989 + 1 - 742 6,989 Required clearing balances 6,989 + 1 - 742 6,989 Adjustments to compensate for float 0 0 0 0 Other 280 + 18 - 10 274 Other liabilities and capital 38,758 - 70 + 5,757 38,468 Total factors, other than reserve balances, absorbing reserve funds 894,796 + 241 + 33,999 895,163 Reserve balances with Federal Reserve Banks 6,256 - 3,051 - 1,942 7,626 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,911,417 + 18,671 + 319,041 1,914,419 U.S. Treasury 1,236,121 + 15,762 + 111,459 1,239,174 Federal agency 675,297 + 2,910 + 207,584 675,246 Securities lent to dealers 1,026 - 891 - 66 816 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 11, 2007 Apr 4, 2007 Apr 12, 2006 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 963 + 24 + 165 Securities, repurchase agreements, and loans 811,616 + 2,658 + 30,548 Securities held outright 782,816 + 1,890 + 24,253 U.S. Treasury1 782,816 + 1,890 + 24,253 Bills2 277,019 0 + 1,649 Notes and bonds, nominal2 470,399 + 1,846 + 13,222 Notes and bonds, inflation-indexed2 31,776 0 + 9,130 Inflation compensation3 3,622 + 44 + 252 Federal agency2 0 0 0 Repurchase agreements4 28,750 + 750 + 10,000 Loans 49 + 17 - 3,706 Items in process of collection (1,083) 3,122 - 388 - 1,981 Bank premises 1,988 + 2 + 155 Other assets5 38,350 + 795 + 380 Total assets (1,083) 869,275 + 3,090 + 29,264 Liabilities Federal Reserve notes, net of F.R. Bank holdings 773,017 + 1,237 + 17,383 Reverse repurchase agreements6 34,134 - 1,341 + 10,118 Deposits (0) 19,753 + 3,596 - 1,602 Depository institutions 14,628 + 3,895 - 2,018 U.S. Treasury, general account 4,758 - 215 + 424 Foreign official 93 - 38 + 3 Other (0) 274 - 45 - 11 Deferred availability cash items (1,083) 3,903 - 599 - 2,552 Other liabilities and accrued dividends7 5,859 - 24 + 1,221 Total liabilities (1,083) 836,666 + 2,869 + 24,568 Capital accounts Capital paid in 15,854 + 7 + 2,083 Surplus 15,362 + 1 + 2,461 Other capital accounts 1,393 + 213 + 152 Total capital 32,609 + 221 + 4,696 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 11, 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 5 49,653 + 130 0 0 28,750 34,134 16 days to 90 days 44 181,952 - 90 0 0 0 0 91 days to 1 year 0 174,180 - 37 0 0 . . . . . . Over 1 year to 5 years . . . 226,985 + 952 0 0 . . . . . . Over 5 years to 10 years . . . 66,839 + 277 0 0 . . . . . . Over 10 years . . . 83,207 + 658 0 0 . . . . . . All 49 782,816 + 1,890 0 0 28,750 34,134 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 11, 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 6 3 4 0 6 3 6 4 8 8 8 9 1 0 6 1 1 2 3 7 4 2 7 3 9 0 157 Securities, repurchase agreements, and loans 811,6 1 6 38,7 3 1 300,3 8 3 35,2 3 5 35,0 4 3 67,4 1 7 67,9 4 2 74,5 4 6 25,7 8 8 16,5 0 6 23,7 7 0 36,4 2 2 89,834 Securities held outright 782,8 1 6 37,3 5 5 289,7 4 2 33,9 8 7 33,8 0 2 65,0 2 9 65,5 3 5 71,8 7 8 24,8 7 1 15,9 1 4 22,9 2 3 35,1 3 2 86,650 U.S. Treasury1 782,8 1 6 37,3 5 5 289,7 4 2 33,9 8 7 33,8 0 2 65,0 2 9 65,5 3 5 71,8 7 8 24,8 7 1 15,9 1 4 22,9 2 3 35,1 3 2 86,650 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 505,7 9 7 24,1 3 6 187,2 0 9 21,9 6 0 21,8 4 0 42,0 1 7 42,3 4 4 46,4 4 2 16,0 7 0 10,2 8 3 14,8 1 1 22,7 0 0 55,987 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 28,7 5 0 1,3 7 2 10,6 4 1 1,2 4 8 1,2 4 1 2,3 8 8 2,4 0 7 2,6 4 0 9 1 3 5 8 4 8 4 2 1,2 9 0 3,182 Loans 4 9 4 0 0 0 0 0 2 9 3 7 6 0 1 Items in process of collection 4,2 0 5 1 5 2 - 1 0 3 8 6 4 6 7 2 1 7 4 6 3 2 8 4 3 5 4 2 6 4 3 2 7 2 0 3 1,099 Bank premises 1,9 8 8 1 1 7 2 1 1 5 7 1 5 6 1 7 1 2 3 1 2 0 8 8 4 1 1 5 1 8 9 2 6 0 188 Other assets5 38,3 5 0 1,3 1 4 12,0 6 4 3,1 8 5 2,2 2 5 7,0 4 7 3,1 7 2 2,6 3 1 7 7 3 7 2 4 7 1 9 1,0 3 1 3,464 Interdistrict settlement account 0 - 2,9 7 4 -10,3 0 0 - 1,2 8 4 - 4,8 8 1 + 2,8 2 7 +13,8 7 9 - 4,2 1 1 + 4 3 4 - 1,0 5 4 + 3,8 7 7 + 1,1 7 7 + 2,511 Total assets 870,3 5 8 37,9 8 2 307,4 2 4 38,1 8 9 33,6 4 7 78,7 6 9 86,9 8 1 74,7 2 8 27,8 7 0 16,8 3 8 29,3 4 6 39,8 5 6 98,729 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 11, 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 965,1 4 4 38,5 6 8 339,8 8 9 38,1 6 3 35,8 9 7 76,2 7 6 107,3 4 1 81,4 6 5 29,3 0 5 17,3 2 1 30,6 9 1 57,2 5 9 112,969 Less: notes held by F.R. Banks 192,1 2 7 4,4 0 1 63,6 8 6 6,6 6 2 7,8 6 0 12,7 9 6 28,1 8 4 14,0 1 8 3,5 5 4 2,4 8 6 3,8 6 6 20,8 7 9 23,734 Federal Reserve notes, net 773,0 1 7 34,1 6 7 276,2 0 3 31,5 0 1 28,0 3 6 63,4 8 0 79,1 5 7 67,4 4 7 25,7 5 1 14,8 3 5 26,8 2 5 36,3 8 0 89,235 Reverse repurchase agreements1 34,1 3 4 1,6 2 9 12,6 3 4 1,4 8 2 1,4 7 4 2,8 3 6 2,8 5 8 3,1 3 4 1,0 8 5 6 9 4 1,0 0 0 1,5 3 2 3,778 Deposits 19,7 5 3 8 1 8 7,8 7 3 6 3 6 1,2 0 1 3,1 7 2 1,2 6 7 1,5 1 5 3 4 3 2 5 0 5 0 3 7 9 4 1,379 Depository institutions 14,6 2 8 8 1 6 2,8 9 9 6 3 1 1,1 9 7 3,0 5 7 1,2 6 3 1,5 1 3 3 3 1 2 5 0 5 0 2 7 9 3 1,376 U.S. Treasury, general account 4,7 5 8 0 4,7 5 8 0 0 0 0 0 0 0 0 0 0 Foreign official 9 3 1 6 3 5 3 1 1 3 2 0 1 0 1 3 Other 2 7 4 1 1 5 3 1 1 1 0 5 0 0 1 1 0 1 0 0 Deferred availability cash items 4,9 8 6 2 7 1 1 2 2 6 3 1 4 6 4 4 4 2 4 8 8 3 2 1 1 1 3 2 5 4 4 5 0 2 8 4 1,148 Other liabilities and accrued dividends2 5,8 5 9 2 6 6 1,8 7 1 2 8 3 2 8 7 7 1 3 5 1 7 5 1 7 2 1 7 1 5 8 1 8 8 2 8 0 564 Total liabilities 837,7 4 9 37,1 5 1 298,7 0 3 34,5 3 3 31,4 6 2 70,6 4 2 84,2 8 6 72,9 3 4 27,5 0 8 16,1 9 1 28,9 6 6 39,2 6 9 96,105 Capital Capital paid in 15,8 5 4 3 9 7 4,2 2 0 1,8 1 0 1,0 6 4 3,9 7 2 1,3 1 6 8 6 3 1 6 9 3 1 6 1 7 9 2 7 6 1,271 Surplus 15,3 6 2 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 3 1,247 Other capital 1,3 9 3 3 8 7 4 1 3 6 3 4 6 0 1 0 3 7 2 2 6 5 5 2 4 9 8 106 Total liabilities and capital 870,3 5 8 37,9 8 2 307,4 2 4 38,1 8 9 33,6 4 7 78,7 6 9 86,9 8 1 74,7 2 8 27,8 7 0 16,8 3 8 29,3 4 6 39,8 5 6 98,729 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 11, 2007 Federal Reserve notes outstanding 965,144 Less: Notes held by F.R. Banks not subject to collateralization 192,127 Federal Reserve notes to be collateralized 773,017 Collateral held against Federal Reserve notes 773,017 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 759,780 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 811,566 Less: face value of securities under reverse repurchase agreements 34,192 U.S. Treasury and agency securities eligible to be pledged 777,374 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.