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 26, 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 25, 2007 Apr 18, 2007 Apr 26, 2006 Apr 25, 2007 Reserve Bank credit 849,995 - 1,204 + 29,927 864,681 Securities held outright 784,787 + 1,943 + 25,891 787,149 U.S. Treasury1 784,787 + 1,943 + 25,891 787,149 Bills2 277,019 0 + 1,649 277,019 Notes and bonds, nominal2 471,714 + 1,315 + 14,224 474,059 Notes and bonds, inflation-indexed2 32,336 + 560 + 9,690 32,336 Inflation compensation3 3,719 + 69 + 329 3,736 Federal agency2 0 0 0 0 Repurchase agreements4 24,964 - 3,607 + 3,428 38,000 Loans to depository institutions 115 + 65 - 4 57 Primary credit 61 + 59 + 32 0 Secondary credit 0 0 0 0 Seasonal credit 55 + 7 - 35 56 Float -929 - 33 + 61 -1,826 Other Federal Reserve assets 41,057 + 428 + 550 41,301 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,417 + 14 + 495 38,417 Total factors supplying reserve funds 901,653 - 1,190 + 30,421 916,339 Currency in circulation5 807,214 - 940 + 16,562 808,534 Reverse repurchase agreements6 34,080 + 917 + 10,027 34,025 Foreign official and international accounts 34,080 + 917 + 10,027 34,025 Dealers 0 0 0 0 Treasury cash holdings 305 - 11 + 106 299 Deposits with F.R. Banks, other than reserve balances 13,448 + 1,053 + 515 19,171 U.S. Treasury, general account 6,534 + 1,080 + 1,581 12,250 Foreign official 92 - 1 + 7 92 Service-related 6,555 + 2 - 1,056 6,555 Required clearing balances 6,555 + 2 - 1,056 6,555 Adjustments to compensate for float 0 0 0 0 Other 266 - 29 - 18 274 Other liabilities and capital 39,041 + 66 + 5,553 38,490 Total factors, other than reserve balances, absorbing reserve funds 894,087 + 1,083 + 32,762 900,519 Reserve balances with Federal Reserve Banks 7,566 - 2,273 - 2,342 15,819 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,918,122 + 2,114 + 314,477 1,928,472 U.S. Treasury 1,228,017 - 7,907 + 110,459 1,230,171 Federal agency 690,105 + 10,021 + 204,017 698,301 Securities lent to dealers 2,658 + 1,175 + 2,171 1,501 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 25, 2007 Apr 18, 2007 Apr 26, 2006 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 1,019 + 43 + 214 Securities, repurchase agreements, and loans 825,206 + 18,294 + 38,667 Securities held outright 787,149 + 4,289 + 27,466 U.S. Treasury1 787,149 + 4,289 + 27,466 Bills2 277,019 0 + 1,649 Notes and bonds, nominal2 474,059 + 3,660 + 15,786 Notes and bonds, inflation-indexed2 32,336 + 560 + 9,690 Inflation compensation3 3,736 + 70 + 342 Federal agency2 0 0 0 Repurchase agreements4 38,000 + 14,000 + 11,250 Loans 57 + 5 - 48 Items in process of collection (770) 2,707 - 566 - 3,578 Bank premises 1,990 - 1 + 157 Other assets5 39,302 + 563 + 292 Total assets (770) 883,461 + 18,332 + 35,750 Liabilities Federal Reserve notes, net of F.R. Bank holdings 771,431 - 463 + 16,273 Reverse repurchase agreements6 34,025 + 54 + 11,115 Deposits (0) 34,982 + 18,781 + 4,723 Depository institutions 22,366 + 11,766 - 1,918 U.S. Treasury, general account 12,250 + 7,015 + 6,640 Foreign official 92 - 3 + 7 Other (0) 274 + 3 - 6 Deferred availability cash items (770) 4,532 + 65 - 1,662 Other liabilities and accrued dividends7 5,837 + 18 + 1,187 Total liabilities (770) 850,807 + 18,455 + 31,635 Capital accounts Capital paid in 15,872 + 16 + 2,056 Surplus 15,362 0 + 2,461 Other capital accounts 1,419 - 140 - 403 Total capital 32,653 - 123 + 4,115 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 25, 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 53 62,771 + 2,031 0 0 38,000 34,025 16 days to 90 days 4 169,707 - 1,449 0 0 0 0 91 days to 1 year 0 174,707 + 815 0 0 . . . . . . Over 1 year to 5 years . . . 229,833 + 2,837 0 0 . . . . . . Over 5 years to 10 years . . . 66,887 + 36 0 0 . . . . . . Over 10 years . . . 83,244 + 19 0 0 . . . . . . All 57 787,149 + 4,289 0 0 38,000 34,025 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 25, 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 1,0 1 9 4 2 6 7 6 6 1 0 1 9 7 1 1 0 1 2 1 4 2 4 3 7 8 9 5 157 Securities, repurchase agreements, and loans 825,2 0 6 38,0 3 4 298,7 8 4 36,5 0 5 33,7 6 8 71,4 9 3 76,5 3 1 69,2 3 2 26,3 8 4 16,4 7 4 26,7 1 8 36,2 5 4 95,029 Securities held outright 787,1 4 9 36,2 7 6 285,0 2 5 34,8 2 4 32,2 1 3 68,2 0 0 73,0 0 6 66,0 2 4 25,1 5 8 15,7 0 5 25,4 8 1 34,5 8 5 90,653 U.S. Treasury1 787,1 4 9 36,2 7 6 285,0 2 5 34,8 2 4 32,2 1 3 68,2 0 0 73,0 0 6 66,0 2 4 25,1 5 8 15,7 0 5 25,4 8 1 34,5 8 5 90,653 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 510,1 3 1 23,5 1 0 184,7 1 7 22,5 6 8 20,8 7 6 44,1 9 9 47,3 1 4 42,7 8 8 16,3 0 4 10,1 7 8 16,5 1 3 22,4 1 3 58,750 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 38,0 0 0 1,7 5 1 13,7 6 0 1,6 8 1 1,5 5 5 3,2 9 2 3,5 2 4 3,1 8 7 1,2 1 5 7 5 8 1,2 3 0 1,6 7 0 4,376 Loans 5 7 6 0 0 0 0 0 2 1 1 1 1 0 7 0 0 Items in process of collection 3,4 7 7 1 3 6 4 3 3 3 6 4 8 5 1 8 1 3 1 0 3 1 9 1 1 0 2 3 7 2 8 6 3 0 1 733 Bank premises 1,9 9 0 1 1 7 2 1 2 5 7 1 5 6 1 7 1 2 3 1 2 0 6 8 5 1 1 5 1 8 9 2 6 0 190 Other assets5 39,3 0 2 1,3 3 7 12,2 6 8 3,2 6 2 2,2 4 4 7,2 3 0 3,3 5 9 2,5 8 0 8 0 3 7 4 1 7 9 2 1,0 5 5 3,631 Interdistrict settlement account 0 - 2,4 8 8 + 7,0 7 0 - 2,2 8 5 - 4,1 2 8 - 1,1 4 5 + 4,9 5 7 - 3 3 7 + 1 0 6 - 9 9 2 + 1,3 3 5 + 1,0 8 3 - 3,177 Total assets 884,2 3 1 37,7 4 3 323,3 7 1 38,4 7 9 33,1 5 9 79,0 4 3 86,7 8 1 73,2 3 6 27,9 2 6 16,8 5 1 29,7 9 9 39,7 5 9 98,084 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 25, 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 966,1 9 5 38,3 3 4 339,8 0 7 38,0 6 0 35,9 7 2 77,4 6 8 107,7 3 7 81,0 5 9 29,3 7 7 17,2 6 7 30,5 7 2 57,5 8 6 112,956 Less: notes held by F.R. Banks 194,7 6 4 4,4 4 0 62,8 3 8 6,5 9 7 8,3 2 5 12,9 4 4 29,3 9 1 14,3 3 3 3,6 4 7 2,4 7 9 3,8 8 7 21,4 1 1 24,472 Federal Reserve notes, net 771,4 3 1 33,8 9 3 276,9 6 9 31,4 6 3 27,6 4 7 64,5 2 4 78,3 4 6 66,7 2 6 25,7 3 0 14,7 8 8 26,6 8 5 36,1 7 5 88,484 Reverse repurchase agreements1 34,0 2 5 1,5 6 8 12,3 2 0 1,5 0 5 1,3 9 2 2,9 4 8 3,1 5 6 2,8 5 4 1,0 8 7 6 7 9 1,1 0 1 1,4 9 5 3,919 Deposits 34,9 8 2 9 6 1 23,4 6 2 7 3 1 1,0 4 3 2,3 1 3 1,5 7 9 1,0 7 8 3 7 9 3 2 8 4 6 2 9 2 6 1,720 Depository institutions 22,3 6 6 9 5 9 10,9 7 8 7 2 6 1,0 3 9 2,2 0 9 1,5 7 5 1,0 7 6 3 7 4 3 2 7 4 6 0 9 2 5 1,717 U.S. Treasury, general account 12,2 5 0 0 12,2 5 0 0 0 0 0 0 0 0 0 0 0 Foreign official 9 2 1 6 2 5 3 1 1 3 2 0 1 0 1 3 Other 2 7 4 1 1 7 2 0 1 9 3 0 0 5 0 1 0 0 Deferred availability cash items 5,3 0 3 2 3 4 7 4 8 3 4 6 1 3 4 0 3 4 2 3 2 9 3 1 5 0 2 5 1 9 6 9 3 0 3 755 Other liabilities and accrued dividends2 5,8 3 7 2 5 9 1,8 2 5 2 8 7 2 7 9 7 2 7 5 6 2 4 8 0 2 1 4 1 5 6 1 9 7 2 7 5 576 Total liabilities 851,5 7 7 36,9 1 5 314,6 5 0 34,8 2 1 30,9 7 4 70,9 1 4 84,0 6 5 71,4 3 2 27,5 6 1 16,2 0 3 29,4 1 5 39,1 7 4 95,453 Capital Capital paid in 15,8 7 2 3 9 7 4,2 2 0 1,8 1 0 1,0 6 4 3,9 7 2 1,3 1 7 8 7 7 1 7 1 3 1 7 1 8 0 2 7 7 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 1,4 1 9 3 5 7 4 1 3 7 3 4 6 2 1 2 2 6 8 2 8 5 5 2 8 9 6 112 Total liabilities and capital 884,2 3 1 37,7 4 3 323,3 7 1 38,4 7 9 33,1 5 9 79,0 4 3 86,7 8 1 73,2 3 6 27,9 2 6 16,8 5 1 29,7 9 9 39,7 5 9 98,084 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 25, 2007 Federal Reserve notes outstanding 966,195 Less: Notes held by F.R. Banks not subject to collateralization 194,764 Federal Reserve notes to be collateralized 771,431 Collateral held against Federal Reserve notes 771,431 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 758,194 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 825,149 Less: face value of securities under reverse repurchase agreements 34,078 U.S. Treasury and agency securities eligible to be pledged 791,072 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.