FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 26, 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 Apr 25, 2007 Apr 18, 2007 Apr 26, 2006 Apr 25, 2007 Federal Reserve Banks Reserve Bank Credit 849,995 - 1,204 + 29,927 864,681 Securities held outright 784,787 + 1,943 + 25,891 787,149 U.S. Treasury (1) 784,787 + 1,943 + 25,891 787,149 Bills (2) 277,019 0 + 1,649 277,019 Notes and bonds, nominal (2) 471,714 + 1,315 + 14,224 474,059 Notes and bonds, inflation-indexed (2) 32,336 + 560 + 9,690 32,336 Inflation compensation (3) 3,719 + 69 + 329 3,736 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 24,964 - 3,607 + 3,428 38,000 Loans to depository institutions 115 + 65 - 4 57 Primary credit 61 + 59 + 32 0 Secondary credit 0 0 0 0 Seasonal credit 55 + 7 - 35 56 Float -929 - 33 + 61 -1,826 Other Federal Reserve assets 41,057 + 428 + 550 41,301 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,417 + 14 + 495 38,417 Total factors supplying reserve funds 901,653 - 1,190 + 30,421 916,339 Currency in circulation(5) 807,214 - 940 + 16,562 808,534 Reverse repurchase agreements (6) 34,080 + 917 + 10,027 34,025 Foreign official and international accounts 34,080 + 917 + 10,027 34,025 Dealers 0 0 0 0 Treasury cash holdings 305 - 11 + 106 299 Deposits with F.R.Banks, other than reserve balances 13,448 + 1,053 + 515 19,171 U.S. Treasury, general account 6,534 + 1,080 + 1,581 12,250 Foreign official 92 - 1 + 7 92 Service-related 6,555 + 2 - 1,056 6,555 Required clearing balances 6,555 + 2 - 1,056 6,555 Adjustments to compensate for float 0 0 0 0 Other 266 - 29 - 18 274 Other liabilities and capital 39,041 + 66 + 5,553 38,490 Total factors, other than reserve balances, absorbing reserve funds 894,087 + 1,083 + 32,762 900,519 Reserve balances with Federal Reserve Banks 7,566 - 2,273 - 2,342 15,819 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,918,122 + 2,114 + 314,477 1,928,472 U.S. Treasury 1,228,017 - 7,907 + 110,459 1,230,171 Federal agency 690,105 + 10,021 + 204,017 698,301 Securities lent to dealers 2,658 + 1,175 + 2,171 1,501 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 Apr 25, 2007 Apr 18, 2007 Apr 26, 2006 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 1,019 + 43 + 214 Securities, repurchase agreements, and loans 825,206 + 18,294 + 38,667 Securities held outright 787,149 + 4,289 + 27,466 U.S. Treasury (1) 787,149 + 4,289 + 27,466 Bills (2) 277,019 0 + 1,649 Notes and bonds, nominal (2) 474,059 + 3,660 + 15,786 Notes and bonds, inflation-indexed (2) 32,336 + 560 + 9,690 Inflation compensation (3) 3,736 + 70 + 342 Federal agency (2) 0 0 0 Repurchase agreements (4) 38,000 + 14,000 + 11,250 Loans 57 + 5 - 48 Items in process of collection (770) 2,707 - 566 - 3,578 Bank premises 1,990 - 1 + 157 Other assets (5) 39,302 + 563 + 292 Total assets (770) 883,461 + 18,332 + 35,750 Liabilities Federal Reserve notes net of FR Bank holdings 771,431 - 463 + 16,273 Reverse repurchase agreements (6) 34,025 + 54 + 11,115 Deposits (0) 34,982 + 18,781 + 4,723 Depository institutions 22,366 + 11,766 - 1,918 U.S. Treasury, general account 12,250 + 7,015 + 6,640 Foreign official 92 - 3 + 7 Other (0) 274 + 3 - 6 Deferred availability cash items (770) 4,532 + 65 - 1,662 Other liabilities and accrued dividends (7) 5,837 + 18 + 1,187 Total liabilities (770) 850,807 + 18,455 + 31,635 Capital Accounts Capital paid in 15,872 + 16 + 2,056 Surplus 15,362 0 + 2,461 Other capital accounts 1,419 - 140 - 403 Total capital 32,653 - 123 + 4,115 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, April 25, 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 53 62,771 + 2,031 0 0 38,000 34,025 16 days to 90 days 4 169,707 - 1,449 0 0 0 0 91 days to 1 year 0 174,707 + 815 0 0 ------ ------ Over 1 to 5 years ------ 229,833 + 2,837 0 0 ------ ------ Over 5 to 10 years ------ 66,887 + 36 0 0 ------ ------ Over 10 years ------ 83,244 + 19 0 0 ------ ------ All 57 787,149 + 4,289 0 0 38,000 34,025 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 April 25, 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 11,037 449 4,053 455 428 869 1,117 903 326 203 335 613 1,286 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,019 42 67 66 101 97 110 121 42 43 78 95 157 Securities, repurchase agreements, and loans 825,206 38,034 298,784 36,505 33,768 71,493 76,531 69,232 26,384 16,474 26,718 36,254 95,029 Securities held outright 787,149 36,276 285,025 34,824 32,213 68,200 73,006 66,024 25,158 15,705 25,481 34,585 90,653 U.S. Treasury (1) 787,149 36,276 285,025 34,824 32,213 68,200 73,006 66,024 25,158 15,705 25,481 34,585 90,653 Bills (2) 277,019 12,767 100,308 12,255 11,336 24,001 25,693 23,235 8,854 5,527 8,967 12,171 31,903 Notes and bonds(3) 510,131 23,510 184,717 22,568 20,876 44,199 47,314 42,788 16,304 10,178 16,513 22,413 58,750 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 38,000 1,751 13,760 1,681 1,555 3,292 3,524 3,187 1,215 758 1,230 1,670 4,376 Loans 57 6 0 0 0 0 0 21 11 10 7 0 0 Items in process of collection 3,477 136 43 336 485 181 310 319 110 237 286 301 733 Bank premises 1,990 117 212 57 156 171 231 206 85 115 189 260 190 Other assets(5) 39,302 1,337 12,268 3,262 2,244 7,230 3,359 2,580 803 741 792 1,055 3,631 Interdistrict settlement account 0 - 2,488 + 7,070 - 2,285 - 4,128 - 1,145 + 4,957 - 337 + 106 - 992 + 1,335 + 1,083 - 3,177 Total Assets 884,231 37,743 323,371 38,479 33,159 79,043 86,781 73,236 27,926 16,851 29,799 39,759 98,084 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 April 25, 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 966,195 38,334 339,807 38,060 35,972 77,468 107,737 81,059 29,377 17,267 30,572 57,586 112,956 Less: notes held by F.R. Banks 194,764 4,440 62,838 6,597 8,325 12,944 29,391 14,333 3,647 2,479 3,887 21,411 24,472 Federal Reserve notes, net 771,431 33,893 276,969 31,463 27,647 64,524 78,346 66,726 25,730 14,788 26,685 36,175 88,484 Reverse repurchase agreements (1) 34,025 1,568 12,320 1,505 1,392 2,948 3,156 2,854 1,087 679 1,101 1,495 3,919 Deposits 34,982 961 23,462 731 1,043 2,313 1,579 1,078 379 328 462 926 1,720 Depository institutions 22,366 959 10,978 726 1,039 2,209 1,575 1,076 374 327 460 925 1,717 U.S. Treasury, general account 12,250 0 12,250 0 0 0 0 0 0 0 0 0 0 Foreign official 92 1 62 5 3 11 3 2 0 1 0 1 3 Other 274 1 172 0 1 93 0 0 5 0 1 0 0 Deferred availability cash items 5,303 234 74 834 613 403 423 293 150 251 969 303 755 Other liabilities and accrued dividends (2) 5,837 259 1,825 287 279 727 562 480 214 156 197 275 576 Total liabilities 851,577 36,915 314,650 34,821 30,974 70,914 84,065 71,432 27,561 16,203 29,415 39,174 95,453 Capital Capital paid in 15,872 397 4,220 1,810 1,064 3,972 1,317 877 171 317 180 277 1,271 Surplus 15,362 396 3,760 1,810 1,087 4,095 1,276 859 166 276 176 213 1,247 Other capital 1,419 35 741 37 34 62 122 68 28 55 28 96 112 Total liabilities and capital 884,231 37,743 323,371 38,479 33,159 79,043 86,781 73,236 27,926 16,851 29,799 39,759 98,084 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 Apr 25, 2007 Federal Reserve notes outstanding 966,195 Less: Notes held by F.R. Banks not subject to collateralization 194,764 Federal Reserve Notes to be collateralized 771,431 Collateral held against Federal Reserve notes 771,431 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 758,194 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 825,149 Less:face value of securities under reverse repurchase agreements 34,078 U.S. Treasury and agency securities eligible to be pledged 791,072 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.