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 19, 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 18, 2007 Apr 11, 2007 Apr 19, 2006 Apr 18, 2007 Reserve Bank credit 851,199 + 1,778 + 27,579 846,464 Securities held outright 782,844 + 1,482 + 24,273 782,860 U.S. Treasury1 782,844 + 1,482 + 24,273 782,860 Bills2 277,019 0 + 1,649 277,019 Notes and bonds, nominal2 470,399 + 1,437 + 13,222 470,399 Notes and bonds, inflation-indexed2 31,776 0 + 9,130 31,776 Inflation compensation3 3,650 + 44 + 272 3,666 Federal agency2 0 0 0 0 Repurchase agreements4 28,571 - 36 + 2,250 24,000 Loans to depository institutions 50 + 6 - 37 52 Primary credit 2 + 1 - 1 1 Secondary credit 0 0 0 0 Seasonal credit 48 + 5 - 36 51 Float -896 - 424 + 463 -1,190 Other Federal Reserve assets 40,629 + 750 + 629 40,742 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,403 + 14 + 496 38,403 Total factors supplying reserve funds 902,843 + 1,793 + 28,073 898,108 Currency in circulation5 808,154 - 69 + 17,004 809,020 Reverse repurchase agreements6 33,163 - 2,279 + 7,753 33,971 Foreign official and international accounts 33,163 - 2,279 + 7,753 33,971 Dealers 0 0 0 0 Treasury cash holdings 316 - 25 + 108 305 Deposits with F.R. Banks, other than reserve balances 12,395 + 362 - 603 12,154 U.S. Treasury, general account 5,454 + 782 + 455 5,235 Foreign official 93 + 1 + 10 95 Service-related 6,553 - 436 - 1,055 6,553 Required clearing balances 6,553 - 436 - 1,055 6,553 Adjustments to compensate for float 0 0 0 0 Other 295 + 15 - 13 271 Other liabilities and capital 38,975 + 217 + 5,954 38,595 Total factors, other than reserve balances, absorbing reserve funds 893,004 - 1,792 + 30,217 894,046 Reserve balances with Federal Reserve Banks 9,839 + 3,585 - 2,144 4,062 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,916,008 + 4,591 + 311,304 1,914,297 U.S. Treasury 1,235,924 - 197 + 105,594 1,231,300 Federal agency 680,084 + 4,787 + 205,710 682,997 Securities lent to dealers 1,483 + 457 + 746 862 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 18, 2007 Apr 11, 2007 Apr 19, 2006 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 976 + 13 + 175 Securities, repurchase agreements, and loans 806,912 - 4,704 + 26,999 Securities held outright 782,860 + 44 + 24,285 U.S. Treasury1 782,860 + 44 + 24,285 Bills2 277,019 0 + 1,649 Notes and bonds, nominal2 470,399 0 + 13,222 Notes and bonds, inflation-indexed2 31,776 0 + 9,130 Inflation compensation3 3,666 + 44 + 284 Federal agency2 0 0 0 Repurchase agreements4 24,000 - 4,750 + 2,750 Loans 52 + 3 - 36 Items in process of collection (1,012) 3,273 + 151 - 2,143 Bank premises 1,991 + 3 + 158 Other assets5 38,739 + 389 + 470 Total assets (1,012) 865,129 - 4,146 + 25,658 Liabilities Federal Reserve notes, net of F.R. Bank holdings 771,894 - 1,123 + 16,618 Reverse repurchase agreements6 33,971 - 163 + 9,242 Deposits (0) 16,201 - 3,552 - 3,993 Depository institutions 10,600 - 4,028 - 3,983 U.S. Treasury, general account 5,235 + 477 - 10 Foreign official 95 + 2 + 10 Other (0) 271 - 3 - 10 Deferred availability cash items (1,012) 4,467 + 564 - 1,842 Other liabilities and accrued dividends7 5,819 - 40 + 1,225 Total liabilities (1,012) 832,352 - 4,314 + 21,251 Capital accounts Capital paid in 15,856 + 2 + 2,105 Surplus 15,362 0 + 2,461 Other capital accounts 1,559 + 166 - 158 Total capital 32,776 + 167 + 4,406 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 18, 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 50 60,740 + 11,087 0 0 24,000 33,971 16 days to 90 days 2 171,156 - 10,796 0 0 0 0 91 days to 1 year 0 173,892 - 288 0 0 . . . . . . Over 1 year to 5 years . . . 226,996 + 11 0 0 . . . . . . Over 5 years to 10 years . . . 66,851 + 12 0 0 . . . . . . Over 10 years . . . 83,225 + 18 0 0 . . . . . . All 52 782,860 + 44 0 0 24,000 33,971 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 18, 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 4 9 4,0 5 3 4 5 5 4 2 8 8 6 9 1,1 1 7 9 0 3 3 2 6 2 0 3 3 3 5 6 1 3 1,286 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 7 6 4 1 6 9 6 7 8 8 9 2 1 0 6 1 1 4 3 8 4 3 7 3 8 9 158 Securities, repurchase agreements, and loans 806,9 1 2 37,1 9 1 292,1 6 2 35,6 9 6 33,0 1 9 69,9 0 8 74,8 3 5 67,7 0 2 25,7 9 3 16,1 0 7 26,1 2 5 35,4 5 1 92,923 Securities held outright 782,8 6 0 36,0 7 9 283,4 7 2 34,6 3 4 32,0 3 7 67,8 2 9 72,6 0 9 65,6 6 4 25,0 2 1 15,6 2 0 25,3 4 2 34,3 9 6 90,159 U.S. Treasury1 782,8 6 0 36,0 7 9 283,4 7 2 34,6 3 4 32,0 3 7 67,8 2 9 72,6 0 9 65,6 6 4 25,0 2 1 15,6 2 0 25,3 4 2 34,3 9 6 90,159 Bills2 277,0 1 9 12,7 6 7 100,3 0 8 12,2 5 5 11,3 3 6 24,0 0 1 25,6 9 3 23,2 3 5 8,8 5 4 5,5 2 7 8,9 6 7 12,1 7 1 31,903 Notes and bonds3 505,8 4 1 23,3 1 2 183,1 6 4 22,3 7 9 20,7 0 1 43,8 2 7 46,9 1 6 42,4 2 8 16,1 6 7 10,0 9 3 16,3 7 5 22,2 2 5 58,256 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 24,0 0 0 1,1 0 6 8,6 9 0 1,0 6 2 9 8 2 2,0 7 9 2,2 2 6 2,0 1 3 7 6 7 4 7 9 7 7 7 1,0 5 4 2,764 Loans 5 2 6 0 0 0 0 0 2 5 5 9 6 0 0 Items in process of collection 4,2 8 5 1 8 6 6 3 4 6 9 4 8 6 3 9 9 5 7 9 3 2 7 1 6 9 1 7 8 4 2 1 2 3 2 775 Bank premises 1,9 9 1 1 1 7 2 1 2 5 7 1 5 6 1 7 1 2 3 1 2 0 8 8 4 1 1 5 1 8 9 2 6 0 190 Other assets5 38,7 3 9 1,3 0 8 12,0 7 4 3,2 3 3 2,2 1 7 7,1 8 4 3,2 9 4 2,5 3 8 7 8 7 7 2 9 7 7 5 1,0 3 2 3,569 Interdistrict settlement account 0 - 1,9 5 0 - 2,4 9 7 - 1,7 7 0 - 3,8 8 8 - 4 8 0 + 6,6 0 8 + 1,5 7 3 + 5 8 8 - 5 1 0 + 1,6 3 7 + 1,4 9 1 - 800 Total assets 866,1 4 0 37,4 5 7 307,0 0 9 38,2 8 9 32,6 1 1 78,2 9 0 86,9 3 5 73,5 7 6 27,8 5 5 16,8 9 5 29,6 2 1 39,2 6 6 98,336 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 18, 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 965,6 2 5 38,5 2 1 339,7 9 7 38,1 0 5 35,8 3 2 77,1 7 7 107,2 2 3 81,3 7 5 29,3 7 1 17,3 3 9 30,7 0 7 57,3 5 6 112,821 Less: notes held by F.R. Banks 193,7 3 0 4,5 1 4 62,8 2 5 6,6 4 7 8,2 7 1 12,8 3 5 28,7 2 9 14,2 4 1 3,6 5 4 2,4 8 8 3,9 3 0 21,3 8 3 24,212 Federal Reserve notes, net 771,8 9 4 34,0 0 7 276,9 7 2 31,4 5 8 27,5 6 1 64,3 4 2 78,4 9 4 67,1 3 3 25,7 1 7 14,8 5 1 26,7 7 7 35,9 7 3 88,609 Reverse repurchase agreements1 33,9 7 1 1,5 6 6 12,3 0 1 1,5 0 3 1,3 9 0 2,9 4 3 3,1 5 1 2,8 4 9 1,0 8 6 6 7 8 1,1 0 0 1,4 9 3 3,912 Deposits 16,2 0 1 5 0 3 7,0 4 5 6 5 6 6 6 5 1,5 4 5 1,2 1 2 9 9 6 3 4 8 2 7 1 4 8 8 6 5 0 1,822 Depository institutions 10,6 0 0 4 9 9 1,5 7 9 6 5 1 6 6 1 1,4 3 9 1,2 0 9 9 9 4 3 4 2 2 7 1 4 8 6 6 4 9 1,819 U.S. Treasury, general account 5,2 3 5 0 5,2 3 5 0 0 0 0 0 0 0 0 0 0 Foreign official 9 5 1 6 5 5 3 1 1 3 2 0 1 0 1 3 Other 2 7 1 2 1 6 6 0 1 9 5 0 0 5 0 1 0 0 Deferred availability cash items 5,4 7 8 2 9 1 1 0 4 7 1 3 5 2 4 5 5 9 8 1 0 3 1 4 1 2 6 2 9 1 6 7 8 2 9 1 776 Other liabilities and accrued dividends2 5,8 1 9 2 5 8 1,8 2 3 2 8 4 2 7 5 7 2 8 5 5 6 4 8 0 2 1 4 1 5 4 1 9 8 2 7 5 576 Total liabilities 833,3 6 4 36,6 2 4 298,2 4 5 34,6 1 4 30,4 1 5 70,1 1 7 84,2 2 3 71,7 7 4 27,4 9 0 16,2 4 5 29,2 4 1 38,6 8 2 95,695 Capital Capital paid in 15,8 5 6 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 7 1 3 1 6 1 8 0 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 1,5 5 9 4 1 7 8 4 5 5 4 6 1 0 7 1 1 9 8 0 2 8 5 8 2 4 9 5 122 Total liabilities and capital 866,1 4 0 37,4 5 7 307,0 0 9 38,2 8 9 32,6 1 1 78,2 9 0 86,9 3 5 73,5 7 6 27,8 5 5 16,8 9 5 29,6 2 1 39,2 6 6 98,336 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 18, 2007 Federal Reserve notes outstanding 965,625 Less: Notes held by F.R. Banks not subject to collateralization 193,730 Federal Reserve notes to be collateralized 771,894 Collateral held against Federal Reserve notes 771,894 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 758,658 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 806,860 Less: face value of securities under reverse repurchase agreements 34,026 U.S. Treasury and agency securities eligible to be pledged 772,835 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.