FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks December 7, 2006 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Averages of daily figures Reserve Bank credit, related items, and Week ended Change from week ended Wednesday reserve balances of depository institutions at Dec 6, 2006 Nov 29, 2006 Dec 7, 2005 Dec 6, 2006 Federal Reserve Banks Reserve Bank Credit 842,371 - 1,641 + 28,727 847,267 Securities held outright 773,368 + 1,294 + 29,193 774,215 U.S. Treasury (1) 773,368 + 1,294 + 29,193 774,215 Bills (2) 277,019 0 + 5,749 277,019 Notes and bonds, nominal (2) 462,153 + 1,335 + 12,558 463,015 Notes and bonds, inflation-indexed (2) 30,105 0 + 10,122 30,105 Inflation compensation (3) 4,092 - 41 + 766 4,077 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 29,679 - 5,071 - 1,214 32,000 Loans to depository institutions 183 + 72 + 97 266 Primary credit 101 + 90 + 84 183 Secondary credit 0 0 0 0 Seasonal credit 82 - 19 + 13 84 Float 1,197 + 1,580 + 231 2,595 Other Federal Reserve assets 37,945 + 486 + 421 38,190 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,203 + 14 + 1,663 38,203 Total factors supplying reserve funds 893,815 - 1,626 + 30,390 898,710 Currency in circulation(5) 805,628 - 2,099 + 27,520 806,873 Reverse repurchase agreements (6) 29,201 - 1,275 + 401 29,039 Foreign official and international accounts 29,201 - 1,275 + 401 29,039 Dealers 0 0 0 0 Treasury cash holdings 166 + 3 - 38 176 Deposits with F.R.Banks, other than reserve balances 12,301 + 60 - 1,739 11,716 U.S. Treasury, general account 5,060 + 30 + 128 4,523 Foreign official 91 + 1 + 9 94 Service-related 6,832 0 - 1,902 6,832 Required clearing balances 6,832 0 - 1,902 6,832 Adjustments to compensate for float 0 0 0 0 Other 319 + 29 + 26 267 Other liabilities and capital 36,338 + 413 + 4,213 36,153 Total factors, other than reserve balances, absorbing reserve funds 883,635 - 2,897 + 30,359 883,958 Reserve balances with Federal Reserve Banks 10,180 + 1,271 + 32 14,753 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,712,569 + 1,257 + 201,195 1,723,889 U.S. Treasury 1,148,526 - 731 + 43,158 1,156,628 Federal agency 564,043 + 1,989 + 158,037 567,261 Securities lent to dealers 2,032 + 749 - 1,304 2,447 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. 2. Consolidated Statement of Condition of All Federal Reserve Banks Millions of Dollars Eliminations Change Since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Dec 6, 2006 Nov 29, 2006 Dec 7, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 814 + 28 + 119 Securities, repurchase agreements, and loans 806,481 + 743 + 30,183 Securities held outright 774,215 + 1,605 + 30,036 U.S. Treasury (1) 774,215 + 1,605 + 30,036 Bills (2) 277,019 0 + 5,749 Notes and bonds, nominal (2) 463,015 + 1,647 + 13,420 Notes and bonds, inflation-indexed (2) 30,105 0 + 10,122 Inflation compensation (3) 4,077 - 41 + 747 Federal agency (2) 0 0 0 Repurchase agreements (4) 32,000 - 1,000 0 Loans 266 + 138 + 147 Items in process of collection (1,838) 7,427 + 4,339 - 676 Bank premises 1,923 + 11 + 74 Other assets (5) 36,258 + 366 + 490 Total assets (1,838) 866,140 + 5,488 + 30,189 Liabilities Federal Reserve notes net of FR Bank holdings 769,657 - 1,410 + 26,161 Reverse repurchase agreements (6) 29,039 - 1,684 + 1,247 Deposits (0) 26,459 + 7,217 + 833 Depository institutions 21,575 + 7,547 + 1,387 U.S. Treasury, general account 4,523 - 284 - 553 Foreign official 94 + 2 + 13 Other (0) 267 - 49 - 14 Deferred availability cash items (1,838) 4,832 + 959 - 2,273 Other liabilities and accrued dividends (7) 5,968 - 16 + 1,633 Total liabilities (1,838) 835,954 + 5,064 + 27,602 Capital Accounts Capital paid in 15,308 + 3 + 1,785 Surplus 10,554 0 - 1,076 Other capital accounts 4,323 + 419 + 1,877 Total capital 30,185 + 423 + 2,586 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 securites. 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, December 6, 2006 Millions of dollars U.S. Treasury Federal agency Reverse Maturity Loans securities (1) securities Repurchase repurchase Weekly Weekly agreements(2)agreements(2) Holdings changes Holdings changes Within 15 days 194 52,305 - 7,490 0 0 32,000 29,039 16 days to 90 days 72 167,584 + 9,231 0 0 0 0 91 days to 1 year 0 186,733 - 1,803 0 0 ------ ------ Over 1 to 5 years ------ 220,125 + 923 0 0 ------ ------ Over 5 to 10 years ------ 67,678 + 437 0 0 ------ ------ Over 10 years ------ 79,790 + 308 0 0 ------ ------ All 266 774,215 + 1,605 0 0 32,000 29,039 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. 4. Statement of Condition of Each Federal Reserve Bank on December 6, 2006 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Assets Gold certificate account 11,037 486 4,139 463 446 853 1,023 947 328 211 324 575 1,242 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 814 24 48 58 76 80 97 97 39 31 63 78 123 Securities, repurchase agreements, and loans 806,481 36,951 318,558 33,613 33,430 64,314 64,829 71,124 24,763 15,759 22,695 34,747 85,698 Securities held outright 774,215 36,944 286,558 33,613 33,430 64,314 64,815 71,088 24,598 15,739 22,671 34,746 85,698 U.S. Treasury (1) 774,215 36,944 286,558 33,613 33,430 64,314 64,815 71,088 24,598 15,739 22,671 34,746 85,698 Bills (2) 277,019 13,219 102,532 12,027 11,962 23,012 23,191 25,436 8,801 5,632 8,112 12,432 30,663 Notes and bonds(3) 497,196 23,725 184,026 21,586 21,469 41,302 41,624 45,653 15,797 10,108 14,559 22,314 55,035 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 32,000 0 32,000 0 0 0 0 0 0 0 0 0 0 Loans 266 7 0 0 0 0 14 36 165 20 24 1 0 Items in process of collection 9,265 327 560 843 813 544 2,746 567 231 294 530 590 1,219 Bank premises 1,923 116 208 58 157 166 231 209 77 116 147 259 179 Other assets(5) 36,258 1,192 11,722 1,917 2,269 7,040 2,694 2,695 714 699 702 914 3,699 Interdistrict settlement account 0 - 203 -12,884 + 545 - 2,603 + 4,481 + 6,586 - 5,469 + 46 - 284 + 3,085 + 1,800 + 4,900 Total Assets 867,977 39,009 323,225 37,580 34,692 77,624 78,371 70,383 26,270 16,857 27,612 39,061 97,294 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. 4. Statement of Condition of Each Federal Reserve Bank on December 6, 2006 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Liabilities Federal Reserve notes outstanding 951,597 39,005 343,637 38,919 36,540 75,319 96,127 79,401 27,604 17,532 29,161 55,262 113,091 Less: notes held by F.R. Banks 181,941 3,628 55,304 7,719 7,307 12,202 25,515 15,530 3,450 2,574 4,132 19,357 25,222 Federal Reserve notes, net 769,657 35,377 288,333 31,199 29,233 63,117 70,612 63,871 24,153 14,957 25,029 35,906 87,869 Reverse repurchase agreements (1) 29,039 1,386 10,748 1,261 1,254 2,412 2,431 2,666 923 590 850 1,303 3,214 Deposits 26,459 718 15,217 506 1,018 2,618 1,549 1,103 445 231 485 673 1,896 Depository institutions 21,575 717 10,456 501 1,014 2,525 1,547 1,100 437 230 484 672 1,892 U.S. Treasury, general account 4,523 0 4,523 0 0 0 0 0 0 0 0 0 0 Foreign official 94 1 65 2 3 11 3 3 0 1 1 0 4 Other 267 0 173 2 0 82 0 0 7 0 1 0 0 Deferred availability cash items 6,670 429 190 1,060 686 522 664 410 180 354 677 444 1,052 Other liabilities and accrued dividends (2) 5,968 278 1,939 299 297 666 500 538 217 156 201 291 584 Total liabilities 837,792 38,189 316,428 34,325 32,487 69,335 75,757 68,588 25,918 16,289 27,243 38,617 94,616 Capital Capital paid in 15,308 396 3,726 1,812 1,086 4,091 1,274 849 166 276 176 211 1,245 Surplus 10,554 309 1,604 723 996 3,238 872 838 124 235 166 121 1,328 Other capital 4,323 116 1,466 720 123 960 468 108 61 57 27 113 105 Total liabilities and capital 867,977 39,009 323,225 37,580 34,692 77,624 78,371 70,383 26,270 16,857 27,612 39,061 97,294 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 Federal Reserve notes and collateral Wednesday Dec 6, 2006 Federal Reserve notes outstanding 951,597 Less: Notes held by F.R. Banks not subject to collateralization 181,941 Federal Reserve Notes to be collateralized 769,657 Collateral held against Federal Reserve notes 769,657 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 756,420 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 806,215 Less:face value of securities under reverse repurchase agreements 29,172 U.S. Treasury and agency securities eligible to be pledged 777,043 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.