FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks January 18, 2007 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 Jan 17, 2007 Jan 10, 2007 Jan 18, 2006 Jan 17, 2007 Federal Reserve Banks Reserve Bank Credit 846,037 + 1,484 + 29,605 842,725 Securities held outright 778,891 - 11 + 33,372 778,887 U.S. Treasury (1) 778,891 - 11 + 33,372 778,887 Bills (2) 277,019 0 + 4,364 277,019 Notes and bonds, nominal (2) 467,864 0 + 18,746 467,864 Notes and bonds, inflation-indexed (2) 30,243 + 138 + 9,812 30,587 Inflation compensation (3) 3,765 - 150 + 450 3,417 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 27,500 + 929 - 2,071 19,750 Loans to depository institutions 284 + 245 - 37 1,756 Primary credit 265 + 243 - 27 1,735 Secondary credit 0 0 0 0 Seasonal credit 19 + 3 - 10 21 Float -201 + 68 - 1,041 2,943 Other Federal Reserve assets 39,564 + 255 - 617 39,390 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,261 + 14 + 1,721 38,261 Total factors supplying reserve funds 897,539 + 1,498 + 31,324 894,227 Currency in circulation(5) 807,905 - 4,573 + 23,061 806,794 Reverse repurchase agreements (6) 30,486 + 827 + 5,917 31,055 Foreign official and international accounts 30,486 + 827 + 5,917 31,055 Dealers 0 0 0 0 Treasury cash holdings 242 - 19 + 32 221 Deposits with F.R.Banks, other than reserve balances 12,001 - 67 - 2,548 12,845 U.S. Treasury, general account 4,686 - 111 - 124 5,533 Foreign official 90 0 + 2 90 Service-related 6,916 - 21 - 2,457 6,916 Required clearing balances 6,916 - 2 - 2,457 6,916 Adjustments to compensate for float 0 - 19 0 0 Other 310 + 65 + 32 307 Other liabilities and capital 36,703 + 237 + 5,283 36,475 Total factors, other than reserve balances, absorbing reserve funds 887,337 - 3,595 + 31,745 887,391 Reserve balances with Federal Reserve Banks 10,202 + 5,093 - 420 6,836 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,772,451 + 2,189 + 239,740 1,773,496 U.S. Treasury 1,167,812 - 38 + 66,488 1,166,296 Federal agency 604,639 + 2,227 + 173,253 607,199 Securities lent to dealers 1,183 - 1,924 - 515 2,223 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 Jan 17, 2007 Jan 10, 2007 Jan 18, 2006 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 908 + 43 + 179 Securities, repurchase agreements, and loans 800,393 - 26 + 29,402 Securities held outright 778,887 - 11 + 33,202 U.S. Treasury (1) 778,887 - 11 + 33,202 Bills (2) 277,019 0 + 4,185 Notes and bonds, nominal (2) 467,864 0 + 18,746 Notes and bonds, inflation-indexed (2) 30,587 + 482 + 10,156 Inflation compensation (3) 3,417 - 494 + 115 Federal agency (2) 0 0 0 Repurchase agreements (4) 19,750 - 1,750 - 3,500 Loans 1,756 + 1,735 - 300 Items in process of collection (1,438) 9,332 + 4,528 - 4,614 Bank premises 1,944 0 + 122 Other assets (5) 37,406 - 13 - 642 Total assets (1,438) 863,219 + 4,530 + 24,444 Liabilities Federal Reserve notes net of FR Bank holdings 769,658 - 3,288 + 20,486 Reverse repurchase agreements (6) 31,055 + 2,134 + 6,326 Deposits (0) 19,642 + 4,216 - 4,993 Depository institutions 13,713 + 3,606 - 5,118 U.S. Treasury, general account 5,533 + 534 + 104 Foreign official 90 - 1 + 12 Other (0) 307 + 77 + 9 Deferred availability cash items (1,438) 6,388 + 1,338 - 2,943 Other liabilities and accrued dividends (7) 5,502 - 16 + 1,551 Total liabilities (1,438) 832,246 + 4,385 + 20,428 Capital Accounts Capital paid in 15,332 + 1 + 1,784 Surplus 15,066 + 35 + 2,150 Other capital accounts 575 + 109 + 82 Total capital 30,973 + 145 + 4,016 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, January 17, 2007 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 1,756 56,939 + 5,064 0 0 19,750 31,055 16 days to 90 days 0 163,558 - 6,627 0 0 0 0 91 days to 1 year 0 185,391 + 1,635 0 0 ------ ------ Over 1 to 5 years ------ 222,745 - 2,223 0 0 ------ ------ Over 5 to 10 years ------ 67,537 - 105 0 0 ------ ------ Over 10 years ------ 82,717 + 2,244 0 0 ------ ------ All 1,756 778,887 - 11 0 0 19,750 31,055 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 January 17, 2007 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 908 35 61 60 88 88 100 108 40 35 70 91 130 Securities, repurchase agreements, and loans 800,393 37,398 308,409 33,817 33,668 65,807 65,206 71,521 24,747 15,837 22,811 34,956 86,215 Securities held outright 778,887 37,167 288,287 33,816 33,632 64,702 65,206 71,517 24,747 15,834 22,807 34,956 86,215 U.S. Treasury (1) 778,887 37,167 288,287 33,816 33,632 64,702 65,206 71,517 24,747 15,834 22,807 34,956 86,215 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) 501,868 23,948 185,755 21,789 21,671 41,690 42,015 46,081 15,945 10,203 14,696 22,523 55,552 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 19,750 0 19,750 0 0 0 0 0 0 0 0 0 0 Loans 1,756 231 372 1 36 1,105 1 4 0 3 4 0 0 Items in process of collection 10,770 441 292 1,749 1,062 751 1,224 906 313 572 836 759 1,865 Bank premises 1,944 117 211 58 157 168 232 206 79 116 159 260 182 Other assets(5) 37,406 1,273 12,210 1,895 2,310 7,047 2,767 2,820 774 728 748 988 3,845 Interdistrict settlement account 0 - 812 -13,477 - 812 - 3,449 + 1,250 + 9,456 - 3,710 + 1,511 - 637 + 4,185 + 2,707 + 3,789 Total Assets 864,657 39,054 312,719 37,313 34,387 76,111 80,174 73,010 27,862 16,891 29,200 40,433 97,502 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 January 17, 2007 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 959,451 39,067 341,831 38,429 36,403 75,063 98,622 81,357 29,106 17,447 30,841 56,830 114,456 Less: notes held by F.R. Banks 189,793 3,745 60,520 7,541 7,322 12,442 26,220 15,061 3,456 2,677 4,268 20,106 26,436 Federal Reserve notes, net 769,658 35,322 281,311 30,888 29,081 62,621 72,402 66,296 25,650 14,770 26,573 36,724 88,021 Reverse repurchase agreements (1) 31,055 1,482 11,494 1,348 1,341 2,580 2,600 2,852 987 631 909 1,394 3,438 Deposits 19,642 654 10,169 471 921 1,221 1,320 1,010 468 278 479 1,018 1,632 Depository institutions 13,713 635 4,417 469 917 1,094 1,317 1,007 457 278 478 1,017 1,628 U.S. Treasury, general account 5,533 0 5,533 0 0 0 0 0 0 0 0 0 0 Foreign official 90 1 61 2 3 11 3 3 0 1 1 0 4 Other 307 18 158 0 1 117 0 0 10 0 1 0 0 Deferred availability cash items 7,826 514 235 994 588 933 767 580 196 502 683 561 1,273 Other liabilities and accrued dividends (2) 5,502 259 1,806 250 264 553 487 502 208 146 182 281 563 Total liabilities 833,684 38,230 305,016 33,951 32,194 67,908 77,576 71,240 27,509 16,329 28,826 39,978 94,927 Capital Capital paid in 15,332 396 3,725 1,810 1,087 4,093 1,274 859 166 276 178 215 1,253 Surplus 15,066 396 3,727 1,552 1,087 4,093 1,276 858 166 276 176 212 1,247 Other capital 575 31 251 0 20 17 48 53 21 11 19 29 75 Total liabilities and capital 864,657 39,054 312,719 37,313 34,387 76,111 80,174 73,010 27,862 16,891 29,200 40,433 97,502 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 Jan 17, 2007 Federal Reserve notes outstanding 959,451 Less: Notes held by F.R. Banks not subject to collateralization 189,793 Federal Reserve Notes to be collateralized 769,658 Collateral held against Federal Reserve notes 769,658 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 756,421 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 798,637 Less:face value of securities under reverse repurchase agreements 31,103 U.S. Treasury and agency securities eligible to be pledged 767,533 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.