FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 15, 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 Feb 14, 2007 Feb 7, 2007 Feb 15, 2006 Feb 14, 2007 Federal Reserve Banks Reserve Bank Credit 847,171 + 5,690 + 31,331 852,641 Securities held outright 778,884 + 13 + 28,259 778,889 U.S. Treasury (1) 778,884 + 13 + 28,259 778,889 Bills (2) 277,019 0 + 3,588 277,019 Notes and bonds, nominal (2) 466,675 0 + 14,845 466,675 Notes and bonds, inflation-indexed (2) 31,776 0 + 9,580 31,776 Inflation compensation (3) 3,415 + 14 + 247 3,419 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 27,036 + 4,643 + 2,679 30,000 Loans to depository institutions 38 + 17 - 60 49 Primary credit 14 + 13 - 52 25 Secondary credit 0 0 0 0 Seasonal credit 24 + 4 - 8 24 Float 84 + 536 - 495 2,257 Other Federal Reserve assets 41,129 + 481 + 948 41,445 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,317 + 14 + 1,141 38,317 Total factors supplying reserve funds 898,729 + 5,704 + 32,468 904,199 Currency in circulation(5) 804,642 + 2,193 + 18,074 807,035 Reverse repurchase agreements (6) 36,414 + 925 + 14,018 37,336 Foreign official and international accounts 36,414 + 925 + 14,018 37,336 Dealers 0 0 0 0 Treasury cash holdings 198 + 20 0 211 Deposits with F.R.Banks, other than reserve balances 12,230 - 155 - 1,815 12,313 U.S. Treasury, general account 5,014 - 83 - 210 5,102 Foreign official 91 + 2 0 90 Service-related 6,861 0 - 1,611 6,861 Required clearing balances 6,861 0 - 1,611 6,861 Adjustments to compensate for float 0 0 0 0 Other 264 - 73 + 5 259 Other liabilities and capital 37,206 + 80 + 5,416 36,957 Total factors, other than reserve balances, absorbing reserve funds 890,690 + 3,064 + 35,693 893,853 Reserve balances with Federal Reserve Banks 8,039 + 2,640 - 3,225 10,346 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,811,053 + 13,369 + 254,341 1,816,541 U.S. Treasury 1,183,729 + 3,082 + 72,454 1,187,695 Federal agency 627,324 + 10,287 + 181,887 628,846 Securities lent to dealers 967 - 1,852 - 368 290 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 Feb 14, 2007 Feb 7, 2007 Feb 15, 2006 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 1,029 - 11 + 183 Securities, repurchase agreements, and loans 808,938 + 10,289 + 27,398 Securities held outright 778,889 + 13 + 27,562 U.S. Treasury (1) 778,889 + 13 + 27,562 Bills (2) 277,019 0 + 2,877 Notes and bonds, nominal (2) 466,675 0 + 14,845 Notes and bonds, inflation-indexed (2) 31,776 0 + 9,580 Inflation compensation (3) 3,419 + 13 + 261 Federal agency (2) 0 0 0 Repurchase agreements (4) 30,000 + 10,250 + 250 Loans 49 + 26 - 415 Items in process of collection (852) 6,374 + 1,281 + 830 Bank premises 1,959 + 3 + 139 Other assets (5) 39,468 + 575 + 4,263 Total assets (852) 871,005 + 12,137 + 32,810 Liabilities Federal Reserve notes net of FR Bank holdings 769,955 + 2,038 + 17,697 Reverse repurchase agreements (6) 37,336 + 3,706 + 14,641 Deposits (0) 22,640 + 6,496 - 2,878 Depository institutions 17,189 + 6,697 - 2,841 U.S. Treasury, general account 5,102 - 153 - 23 Foreign official 90 0 - 11 Other (0) 259 - 47 - 3 Deferred availability cash items (852) 4,117 - 259 - 2,025 Other liabilities and accrued dividends (7) 5,639 + 20 + 1,390 Total liabilities (852) 839,687 + 12,001 + 28,826 Capital Accounts Capital paid in 15,351 - 10 + 1,636 Surplus 15,197 + 41 + 2,296 Other capital accounts 770 + 105 + 52 Total capital 31,319 + 137 + 3,985 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, February 14, 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 49 66,154 + 9,282 0 0 30,000 37,336 16 days to 90 days 0 171,475 + 2,241 0 0 0 0 91 days to 1 year 0 167,331 - 11,522 0 0 ------ ------ Over 1 to 5 years ------ 226,945 + 4,463 0 0 ------ ------ Over 5 to 10 years ------ 65,326 - 4,457 0 0 ------ ------ Over 10 years ------ 81,657 + 5 0 0 ------ ------ All 49 778,889 + 13 0 0 30,000 37,336 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 February 14, 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 1,029 39 67 68 103 103 118 118 43 42 80 98 151 Securities, repurchase agreements, and loans 808,938 37,176 318,290 33,816 33,632 64,702 65,206 71,523 24,747 15,843 22,808 34,956 86,238 Securities held outright 778,889 37,167 288,288 33,816 33,632 64,702 65,206 71,518 24,747 15,834 22,808 34,956 86,215 U.S. Treasury (1) 778,889 37,167 288,288 33,816 33,632 64,702 65,206 71,518 24,747 15,834 22,808 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) 501,870 23,948 185,756 21,789 21,671 41,690 42,015 46,082 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) 30,000 0 30,000 0 0 0 0 0 0 0 0 0 0 Loans 49 8 2 0 0 0 0 6 0 9 1 0 22 Items in process of collection 7,226 388 213 1,131 991 833 773 357 219 309 584 505 921 Bank premises 1,959 117 211 58 157 169 231 206 80 116 167 259 187 Other assets(5) 39,468 1,377 12,530 3,195 2,267 7,069 3,269 2,742 826 747 755 1,093 3,597 Interdistrict settlement account 0 - 574 -24,486 - 884 - 2,372 + 3,384 +12,566 - 1,189 + 1,941 - 170 + 4,166 + 2,968 + 4,650 Total Assets 871,857 39,124 311,839 37,929 35,328 77,261 83,353 74,916 28,256 17,129 28,950 40,552 97,220 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 February 14, 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 961,827 39,061 341,223 38,071 36,026 75,241 101,603 82,375 29,276 17,413 30,923 56,739 113,876 Less: notes held by F.R. Banks 191,872 4,006 62,581 6,969 7,459 12,960 26,463 15,048 3,266 2,528 4,480 19,776 26,337 Federal Reserve notes, net 769,955 35,055 278,642 31,102 28,568 62,281 75,141 67,326 26,010 14,885 26,443 36,963 87,539 Reverse repurchase agreements (1) 37,336 1,782 13,819 1,621 1,612 3,102 3,126 3,428 1,186 759 1,093 1,676 4,133 Deposits 22,640 888 9,727 734 2,301 2,201 1,412 1,601 368 514 482 805 1,605 Depository institutions 17,189 886 4,408 729 2,297 2,103 1,409 1,599 358 514 481 805 1,602 U.S. Treasury, general account 5,102 0 5,102 0 0 0 0 0 0 0 0 0 0 Foreign official 90 1 60 5 3 11 3 2 0 1 0 1 3 Other 259 1 157 0 2 88 0 0 10 0 1 0 0 Deferred availability cash items 4,969 308 68 727 359 807 558 266 120 249 366 374 768 Other liabilities and accrued dividends (2) 5,639 261 1,819 264 273 624 501 511 214 153 191 275 552 Total liabilities 840,539 38,293 304,075 34,448 33,114 69,014 80,737 73,133 27,899 16,560 28,575 40,092 94,597 Capital Capital paid in 15,351 396 3,725 1,810 1,089 4,094 1,275 860 168 277 178 213 1,266 Surplus 15,197 396 3,738 1,671 1,087 4,094 1,276 859 166 276 176 212 1,247 Other capital 770 38 300 0 39 59 65 65 23 15 20 35 111 Total liabilities and capital 871,857 39,124 311,839 37,929 35,328 77,261 83,353 74,916 28,256 17,129 28,950 40,552 97,220 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 Feb 14, 2007 Federal Reserve notes outstanding 961,827 Less: Notes held by F.R. Banks not subject to collateralization 191,872 Federal Reserve Notes to be collateralized 769,955 Collateral held against Federal Reserve notes 769,955 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 756,718 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 808,889 Less:face value of securities under reverse repurchase agreements 37,401 U.S. Treasury and agency securities eligible to be pledged 771,488 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.