FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks January 25, 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 24, 2007 Jan 17, 2007 Jan 25, 2006 Jan 24, 2007 Federal Reserve Banks Reserve Bank Credit 837,092 - 8,944 + 25,135 837,197 Securities held outright 778,880 - 11 + 32,952 778,875 U.S. Treasury (1) 778,880 - 11 + 32,952 778,875 Bills (2) 277,019 0 + 4,185 277,019 Notes and bonds, nominal (2) 467,864 0 + 18,475 467,864 Notes and bonds, inflation-indexed (2) 30,587 + 344 + 10,156 30,587 Inflation compensation (3) 3,410 - 355 + 136 3,406 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 18,607 - 8,893 - 7,036 19,000 Loans to depository institutions 319 + 35 + 280 26 Primary credit 298 + 33 + 288 5 Secondary credit 0 0 0 0 Seasonal credit 21 + 2 - 7 21 Float -541 - 338 - 650 -1,093 Other Federal Reserve assets 39,827 + 263 - 412 40,389 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,275 + 14 + 1,736 38,275 Total factors supplying reserve funds 888,608 - 8,930 + 26,868 888,713 Currency in circulation(5) 803,339 - 4,566 + 21,276 802,917 Reverse repurchase agreements (6) 29,410 - 1,076 + 5,834 29,419 Foreign official and international accounts 29,410 - 1,076 + 5,834 29,419 Dealers 0 0 0 0 Treasury cash holdings 220 - 22 + 11 216 Deposits with F.R.Banks, other than reserve balances 12,366 + 365 - 2,112 12,643 U.S. Treasury, general account 5,112 + 426 - 202 5,412 Foreign official 109 + 19 + 27 90 Service-related 6,837 - 79 - 1,873 6,837 Required clearing balances 6,837 - 79 - 1,873 6,837 Adjustments to compensate for float 0 0 0 0 Other 308 - 2 - 64 303 Other liabilities and capital 37,024 + 321 + 5,595 37,103 Total factors, other than reserve balances, absorbing reserve funds 882,360 - 4,977 + 30,605 882,298 Reserve balances with Federal Reserve Banks 6,248 - 3,953 - 3,737 6,415 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,779,311 + 6,860 + 242,441 1,784,974 U.S. Treasury 1,169,180 + 1,368 + 64,856 1,169,406 Federal agency 610,131 + 5,492 + 177,585 615,568 Securities lent to dealers 1,667 + 484 - 604 952 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 24, 2007 Jan 17, 2007 Jan 25, 2006 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 984 + 76 + 214 Securities, repurchase agreements, and loans 797,901 - 2,492 + 26,283 Securities held outright 778,875 - 12 + 32,287 U.S. Treasury (1) 778,875 - 12 + 32,287 Bills (2) 277,019 0 + 4,185 Notes and bonds, nominal (2) 467,864 0 + 17,799 Notes and bonds, inflation-indexed (2) 30,587 0 + 10,156 Inflation compensation (3) 3,406 - 11 + 148 Federal agency (2) 0 0 0 Repurchase agreements (4) 19,000 - 750 - 6,000 Loans 26 - 1,730 - 4 Items in process of collection (801) 3,118 - 6,214 - 2,468 Bank premises 1,949 + 5 + 126 Other assets (5) 38,396 + 990 - 226 Total assets (801) 855,585 - 7,634 + 23,926 Liabilities Federal Reserve notes net of FR Bank holdings 765,838 - 3,820 + 19,385 Reverse repurchase agreements (6) 29,419 - 1,636 + 7,728 Deposits (0) 19,013 - 629 - 6,832 Depository institutions 13,208 - 505 - 6,915 U.S. Treasury, general account 5,412 - 121 + 146 Foreign official 90 0 + 9 Other (0) 303 - 4 - 71 Deferred availability cash items (801) 4,211 - 2,177 - 2,187 Other liabilities and accrued dividends (7) 5,551 + 49 + 1,515 Total liabilities (801) 824,033 - 8,213 + 19,609 Capital Accounts Capital paid in 15,332 0 + 1,781 Surplus 15,092 + 26 + 2,191 Other capital accounts 1,128 + 553 + 345 Total capital 31,552 + 579 + 4,317 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 24, 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 26 58,154 + 1,215 0 0 19,000 29,419 16 days to 90 days 0 162,832 - 726 0 0 0 0 91 days to 1 year 0 184,901 - 490 0 0 ------ ------ Over 1 to 5 years ------ 222,742 - 3 0 0 ------ ------ Over 5 to 10 years ------ 69,783 + 2,246 0 0 ------ ------ Over 10 years ------ 80,464 - 2,253 0 0 ------ ------ All 26 778,875 - 12 0 0 19,000 29,419 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 24, 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 984 39 66 67 95 93 110 121 44 39 74 95 141 Securities, repurchase agreements, and loans 797,901 37,176 307,285 33,817 33,632 64,701 65,206 71,521 24,746 15,838 22,811 34,955 86,214 Securities held outright 778,875 37,167 288,283 33,815 33,632 64,701 65,205 71,516 24,746 15,834 22,807 34,955 86,214 U.S. Treasury (1) 778,875 37,167 288,283 33,815 33,632 64,701 65,205 71,516 24,746 15,834 22,807 34,955 86,214 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) 501,857 23,948 185,751 21,788 21,670 41,689 42,014 46,080 15,945 10,202 14,695 22,523 55,551 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 19,000 0 19,000 0 0 0 0 0 0 0 0 0 0 Loans 26 10 2 1 0 0 1 5 0 4 4 0 0 Items in process of collection 3,919 175 136 398 338 406 327 194 106 393 412 295 739 Bank premises 1,949 117 211 58 158 169 232 206 79 116 159 260 184 Other assets(5) 38,396 1,294 12,900 1,889 2,336 7,087 2,821 2,862 789 739 762 1,008 3,910 Interdistrict settlement account 0 - 680 -16,261 - 106 - 3,396 + 2,014 +10,058 - 2,837 + 1,606 - 741 + 4,057 + 2,302 + 3,983 Total Assets 856,386 38,723 309,349 36,669 33,712 75,471 79,942 73,225 27,769 16,624 28,665 39,589 96,647 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 24, 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 959,676 39,155 341,466 38,339 36,249 75,059 99,181 81,933 29,098 17,428 30,837 56,750 114,183 Less: notes held by F.R. Banks 193,838 4,020 61,318 7,747 7,815 12,841 26,770 15,337 3,438 2,670 4,463 20,364 27,058 Federal Reserve notes, net 765,838 35,135 280,148 30,592 28,434 62,218 72,411 66,596 25,660 14,759 26,374 36,386 87,125 Reverse repurchase agreements (1) 29,419 1,404 10,889 1,277 1,270 2,444 2,463 2,701 935 598 861 1,320 3,256 Deposits 19,013 747 8,190 413 1,082 1,444 1,396 1,347 484 286 468 830 2,327 Depository institutions 13,208 715 2,567 411 1,078 1,326 1,393 1,344 476 285 466 825 2,322 U.S. Treasury, general account 5,412 0 5,412 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 303 31 149 0 1 107 0 1 8 0 1 4 0 Deferred availability cash items 5,012 356 81 743 455 571 567 301 127 269 405 318 819 Other liabilities and accrued dividends (2) 5,551 258 1,811 256 270 579 511 506 211 150 180 276 544 Total liabilities 824,834 37,899 301,118 33,282 31,511 67,256 77,348 71,451 27,418 16,061 28,289 39,130 94,071 Capital Capital paid in 15,332 396 3,725 1,810 1,087 4,093 1,274 859 167 276 178 215 1,253 Surplus 15,092 396 3,727 1,577 1,087 4,093 1,276 858 166 276 176 212 1,247 Other capital 1,128 31 780 0 28 28 43 57 18 11 22 32 76 Total liabilities and capital 856,386 38,723 309,349 36,669 33,712 75,471 79,942 73,225 27,769 16,624 28,665 39,589 96,647 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 24, 2007 Federal Reserve notes outstanding 959,676 Less: Notes held by F.R. Banks not subject to collateralization 193,838 Federal Reserve Notes to be collateralized 765,838 Collateral held against Federal Reserve notes 765,838 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 752,601 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 797,875 Less:face value of securities under reverse repurchase agreements 29,462 U.S. Treasury and agency securities eligible to be pledged 768,413 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.