FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks March 1, 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 28, 2007 Feb 21, 2007 Mar 1, 2006 Feb 28, 2007 Federal Reserve Banks Reserve Bank Credit 853,467 + 1,795 + 32,710 863,042 Securities held outright 779,447 + 549 + 25,757 780,793 U.S. Treasury (1) 779,447 + 549 + 25,757 780,793 Bills (2) 277,019 0 + 2,877 277,019 Notes and bonds, nominal (2) 467,212 + 537 + 12,977 468,553 Notes and bonds, inflation-indexed (2) 31,776 0 + 9,580 31,776 Inflation compensation (3) 3,441 + 13 + 323 3,446 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 36,286 + 1,107 + 7,250 45,250 Loans to depository institutions 33 + 7 - 1 22 Primary credit 11 + 6 + 5 0 Secondary credit 0 0 0 0 Seasonal credit 21 0 - 7 22 Float -439 - 229 - 650 -1,010 Other Federal Reserve assets 38,141 + 362 + 354 37,987 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,318 + 14 + 505 38,318 Total factors supplying reserve funds 905,026 + 1,809 + 33,212 914,601 Currency in circulation(5) 806,652 - 1,160 + 18,266 808,091 Reverse repurchase agreements (6) 38,712 + 996 + 14,065 39,645 Foreign official and international accounts 38,712 + 996 + 14,065 39,645 Dealers 0 0 0 0 Treasury cash holdings 201 - 9 + 16 204 Deposits with F.R.Banks, other than reserve balances 11,755 - 280 - 1,688 12,297 U.S. Treasury, general account 4,674 - 266 - 406 5,194 Foreign official 91 0 + 8 91 Service-related 6,738 0 - 1,277 6,738 Required clearing balances 6,738 0 - 1,277 6,738 Adjustments to compensate for float 0 0 0 0 Other 252 - 15 - 13 274 Other liabilities and capital 38,069 + 437 + 5,753 38,147 Total factors, other than reserve balances, absorbing reserve funds 895,390 - 15 + 36,413 898,384 Reserve balances with Federal Reserve Banks 9,636 + 1,824 - 3,202 16,216 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,833,370 + 6,789 + 253,534 1,839,398 U.S. Treasury 1,200,513 + 7,735 + 73,894 1,205,004 Federal agency 632,856 - 946 + 179,639 634,394 Securities lent to dealers 2,382 - 72 - 1,227 6,026 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 28, 2007 Feb 21, 2007 Mar 1, 2006 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 985 - 16 + 159 Securities, repurchase agreements, and loans 826,065 + 13,121 + 43,594 Securities held outright 780,793 + 1,891 + 26,111 U.S. Treasury (1) 780,793 + 1,891 + 26,111 Bills (2) 277,019 0 + 2,877 Notes and bonds, nominal (2) 468,553 + 1,878 + 13,326 Notes and bonds, inflation-indexed (2) 31,776 0 + 9,580 Inflation compensation (3) 3,446 + 14 + 329 Federal agency (2) 0 0 0 Repurchase agreements (4) 45,250 + 11,250 + 17,500 Loans 22 - 19 - 16 Items in process of collection (795) 3,040 - 5,042 - 5,085 Bank premises 1,974 + 14 + 153 Other assets (5) 35,966 + 134 + 45 Total assets (795) 881,267 + 8,211 + 38,864 Liabilities Federal Reserve notes net of FR Bank holdings 770,958 - 280 + 17,930 Reverse repurchase agreements (6) 39,645 + 1,501 + 14,973 Deposits (0) 28,464 + 8,090 + 2,565 Depository institutions 22,906 + 8,184 + 2,809 U.S. Treasury, general account 5,194 - 110 - 233 Foreign official 91 0 + 6 Other (0) 274 + 17 - 16 Deferred availability cash items (795) 4,053 - 1,857 - 2,740 Other liabilities and accrued dividends (7) 5,697 + 52 + 1,333 Total liabilities (795) 848,817 + 7,508 + 34,061 Capital Accounts Capital paid in 15,953 + 94 + 2,214 Surplus 15,282 + 58 + 2,381 Other capital accounts 1,214 + 550 + 208 Total capital 32,450 + 703 + 4,804 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 28, 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 20 54,261 - 8,873 0 0 45,250 39,645 16 days to 90 days 2 171,003 - 137 0 0 0 0 91 days to 1 year 0 177,267 + 1,156 0 0 ------ ------ Over 1 to 5 years ------ 229,242 + 9,736 0 0 ------ ------ Over 5 to 10 years ------ 66,526 + 3 0 0 ------ ------ Over 10 years ------ 82,494 + 5 0 0 ------ ------ All 22 780,793 + 1,891 0 0 45,250 39,645 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 28, 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 985 38 69 68 99 98 108 111 42 40 74 91 146 Securities, repurchase agreements, and loans 826,065 39,427 305,741 35,863 35,668 68,619 69,154 75,851 26,245 16,800 24,190 37,072 91,435 Securities held outright 780,793 37,258 288,993 33,899 33,714 64,861 65,365 71,692 24,807 15,873 22,863 35,041 86,426 U.S. Treasury (1) 780,793 37,258 288,993 33,899 33,714 64,861 65,365 71,692 24,807 15,873 22,863 35,041 86,426 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) 503,775 24,039 186,461 21,872 21,753 41,849 42,174 46,257 16,006 10,241 14,752 22,609 55,763 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 45,250 2,159 16,748 1,965 1,954 3,759 3,788 4,155 1,438 920 1,325 2,031 5,009 Loans 22 10 0 0 0 0 0 4 0 7 2 0 0 Items in process of collection 3,835 187 67 501 488 404 323 193 121 269 372 217 695 Bank premises 1,974 117 210 57 156 171 231 206 83 116 178 259 189 Other assets(5) 35,966 1,204 11,177 3,171 2,110 6,801 2,932 2,420 694 674 656 931 3,196 Interdistrict settlement account 0 - 2,742 - 4,373 - 2,478 - 4,660 - 350 +12,477 - 5,209 + 413 - 202 + 3,425 + 1,698 + 2,001 Total Assets 882,062 38,832 317,904 37,728 34,411 76,744 86,414 74,732 27,998 17,937 29,285 40,941 99,137 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 28, 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 963,357 38,993 340,889 37,956 36,079 74,834 104,022 82,286 29,325 17,313 30,812 57,059 113,789 Less: notes held by F.R. Banks 192,400 4,318 63,009 6,995 7,383 13,229 26,633 14,984 3,631 2,411 4,317 19,929 25,561 Federal Reserve notes, net 770,958 34,675 277,881 30,960 28,696 61,605 77,389 67,303 25,694 14,901 26,495 37,130 88,228 Reverse repurchase agreements (1) 39,645 1,892 14,674 1,721 1,712 3,293 3,319 3,640 1,260 806 1,161 1,779 4,388 Deposits 28,464 833 14,901 515 1,079 2,298 2,007 1,191 359 1,164 597 919 2,602 Depository institutions 22,906 822 9,480 510 1,075 2,209 2,004 1,188 342 1,163 596 918 2,598 U.S. Treasury, general account 5,194 0 5,194 0 0 0 0 0 0 0 0 0 0 Foreign official 91 1 61 5 3 11 3 2 0 1 0 1 3 Other 274 10 166 0 1 79 0 0 16 0 1 0 0 Deferred availability cash items 4,848 341 67 697 427 574 545 283 106 291 454 326 738 Other liabilities and accrued dividends (2) 5,697 265 1,861 269 278 604 521 510 217 149 193 278 552 Total liabilities 849,612 38,005 309,382 34,163 32,192 68,374 83,782 72,927 27,636 17,312 28,900 40,432 96,507 Capital Capital paid in 15,953 395 4,218 1,810 1,089 4,110 1,277 861 168 316 179 264 1,266 Surplus 15,282 396 3,738 1,755 1,087 4,094 1,276 859 166 276 176 212 1,247 Other capital 1,214 35 566 0 43 166 79 85 28 33 30 32 117 Total liabilities and capital 882,062 38,832 317,904 37,728 34,411 76,744 86,414 74,732 27,998 17,937 29,285 40,941 99,137 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 28, 2007 Federal Reserve notes outstanding 963,357 Less: Notes held by F.R. Banks not subject to collateralization 192,400 Federal Reserve Notes to be collateralized 770,958 Collateral held against Federal Reserve notes 770,958 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 757,721 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 826,043 Less:face value of securities under reverse repurchase agreements 39,718 U.S. Treasury and agency securities eligible to be pledged 786,326 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.