FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 30, 2006 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 Nov 29, 2006 Nov 22, 2006 Nov 30, 2005 Nov 29, 2006 Federal Reserve Banks Reserve Bank Credit 844,012 + 5,073 + 31,296 842,782 Securities held outright 772,074 + 1,516 + 27,768 772,610 U.S. Treasury (1) 772,074 + 1,516 + 27,768 772,610 Bills (2) 277,019 0 + 5,749 277,019 Notes and bonds, nominal (2) 460,818 + 1,554 + 11,061 461,368 Notes and bonds, inflation-indexed (2) 30,105 0 + 10,122 30,105 Inflation compensation (3) 4,133 - 38 + 838 4,118 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 34,750 + 2,786 + 4,929 33,000 Loans to depository institutions 111 - 88 + 8 128 Primary credit 11 - 89 + 5 26 Secondary credit 0 0 0 0 Seasonal credit 101 + 2 + 4 102 Float -383 - 2 - 1,299 -786 Other Federal Reserve assets 37,459 + 861 - 111 37,830 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,196 + 14 + 1,656 38,196 Total factors supplying reserve funds 895,449 + 5,087 + 32,953 894,219 Currency in circulation(5) 807,735 + 4,702 + 27,124 808,317 Reverse repurchase agreements (6) 30,476 - 717 + 4,694 30,723 Foreign official and international accounts 30,476 - 717 + 4,694 30,723 Dealers 0 0 0 0 Treasury cash holdings 163 - 12 - 41 164 Deposits with F.R.Banks, other than reserve balances 12,241 + 395 - 1,971 12,046 U.S. Treasury, general account 5,030 + 367 - 60 4,807 Foreign official 90 - 1 + 7 92 Service-related 6,832 + 27 - 1,922 6,832 Required clearing balances 6,832 + 27 - 1,922 6,832 Adjustments to compensate for float 0 0 0 0 Other 290 + 2 + 6 316 Other liabilities and capital 35,925 + 760 + 3,610 35,746 Total factors, other than reserve balances, absorbing reserve funds 886,540 + 5,128 + 33,417 886,997 Reserve balances with Federal Reserve Banks 8,910 - 40 - 463 7,223 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,711,312 + 1,706 + 207,357 1,707,124 U.S. Treasury 1,149,257 - 2,096 + 49,139 1,146,412 Federal agency 562,054 + 3,802 + 158,217 560,712 Securities lent to dealers 1,283 + 595 - 1,672 3,585 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 Nov 29, 2006 Nov 22, 2006 Nov 30, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 786 - 19 + 102 Securities, repurchase agreements, and loans 805,738 - 9,274 + 26,234 Securities held outright 772,610 + 737 + 28,442 U.S. Treasury (1) 772,610 + 737 + 28,442 Bills (2) 277,019 0 + 5,749 Notes and bonds, nominal (2) 461,368 + 770 + 11,773 Notes and bonds, inflation-indexed (2) 30,105 0 + 10,122 Inflation compensation (3) 4,118 - 34 + 799 Federal agency (2) 0 0 0 Repurchase agreements (4) 33,000 - 10,000 - 2,250 Loans 128 - 11 + 42 Items in process of collection (827) 3,088 + 12 - 3,888 Bank premises 1,912 + 2 + 66 Other assets (5) 35,892 + 839 + 387 Total assets (827) 860,652 - 8,441 + 22,900 Liabilities Federal Reserve notes net of FR Bank holdings 771,067 + 434 + 26,500 Reverse repurchase agreements (6) 30,723 + 1,388 + 668 Deposits (0) 19,242 - 9,986 - 5,932 Depository institutions 14,028 - 10,699 - 6,176 U.S. Treasury, general account 4,807 + 679 + 173 Foreign official 92 0 + 10 Other (0) 316 + 36 + 61 Deferred availability cash items (827) 3,873 - 628 - 2,218 Other liabilities and accrued dividends (7) 5,984 + 52 + 1,753 Total liabilities (827) 830,890 - 8,738 + 20,772 Capital Accounts Capital paid in 15,305 + 10 + 1,804 Surplus 10,554 0 - 1,076 Other capital accounts 3,904 + 288 + 1,401 Total capital 29,762 + 297 + 2,128 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, November 29, 2006 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 124 59,795 + 961 0 0 33,000 30,723 16 days to 90 days 4 158,353 - 44 0 0 0 0 91 days to 1 year 0 188,536 - 919 0 0 ------ ------ Over 1 to 5 years ------ 219,202 - 11 0 0 ------ ------ Over 5 to 10 years ------ 67,241 - 8 0 0 ------ ------ Over 10 years ------ 79,482 + 756 0 0 ------ ------ All 128 772,610 + 737 0 0 33,000 30,723 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 November 29, 2006 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 786 23 43 57 73 75 92 93 40 31 60 74 126 Securities, repurchase agreements, and loans 805,738 36,870 318,964 33,544 33,361 64,206 64,687 70,990 24,549 15,729 22,642 34,675 85,520 Securities held outright 772,610 36,868 285,964 33,543 33,361 64,181 64,680 70,941 24,547 15,707 22,624 34,674 85,520 U.S. Treasury (1) 772,610 36,868 285,964 33,543 33,361 64,181 64,680 70,941 24,547 15,707 22,624 34,674 85,520 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) 495,591 23,649 183,432 21,516 21,399 41,169 41,489 45,505 15,746 10,075 14,512 22,242 54,857 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 33,000 0 33,000 0 0 0 0 0 0 0 0 0 0 Loans 128 2 0 0 0 26 7 49 2 22 19 1 0 Items in process of collection 3,914 172 63 364 342 465 438 204 119 197 516 292 743 Bank premises 1,912 115 207 58 157 164 231 209 77 116 138 260 179 Other assets(5) 35,892 1,182 11,615 1,905 2,252 6,971 2,644 2,668 704 684 698 905 3,664 Interdistrict settlement account 0 - 284 -16,576 + 971 - 1,996 + 4,445 + 9,543 - 5,253 - 21 - 59 + 2,388 + 1,596 + 5,245 Total Assets 861,479 38,678 319,329 37,444 34,739 77,327 78,825 70,070 25,867 16,939 26,833 38,475 96,954 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 November 29, 2006 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 948,145 38,788 343,913 38,969 36,641 75,125 96,126 78,662 27,212 17,550 28,592 54,552 112,016 Less: notes held by F.R. Banks 177,078 3,511 53,225 7,632 7,126 11,695 25,164 15,073 3,415 2,498 4,081 19,198 24,460 Federal Reserve notes, net 771,067 35,278 290,688 31,337 29,515 63,430 70,962 63,589 23,797 15,052 24,510 35,354 87,555 Reverse repurchase agreements (1) 30,723 1,466 11,372 1,334 1,327 2,552 2,572 2,821 976 625 900 1,379 3,401 Deposits 19,242 536 8,760 533 950 1,939 1,669 1,094 438 248 437 695 1,943 Depository institutions 14,028 533 3,675 531 945 1,841 1,666 1,091 430 247 435 695 1,939 U.S. Treasury, general account 4,807 0 4,807 0 0 0 0 0 0 0 0 0 0 Foreign official 92 1 63 2 3 11 3 3 0 1 1 0 4 Other 316 2 216 0 1 87 0 0 8 0 1 0 0 Deferred availability cash items 4,700 303 80 715 440 467 551 236 93 293 421 310 790 Other liabilities and accrued dividends (2) 5,984 279 1,944 303 297 664 500 543 219 155 196 292 591 Total liabilities 831,716 37,862 312,844 34,222 32,528 69,052 76,254 68,283 25,524 16,373 26,464 38,031 94,280 Capital Capital paid in 15,305 396 3,726 1,812 1,086 4,087 1,278 847 166 276 176 211 1,245 Surplus 10,554 309 1,604 723 996 3,238 872 838 124 235 166 121 1,328 Other capital 3,904 112 1,154 688 128 950 421 103 53 55 27 112 101 Total liabilities and capital 861,479 38,678 319,329 37,444 34,739 77,327 78,825 70,070 25,867 16,939 26,833 38,475 96,954 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 Nov 29, 2006 Federal Reserve notes outstanding 948,145 Less: Notes held by F.R. Banks not subject to collateralization 177,078 Federal Reserve Notes to be collateralized 771,067 Collateral held against Federal Reserve notes 771,067 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 757,830 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 805,610 Less:face value of securities under reverse repurchase agreements 30,897 U.S. Treasury and agency securities eligible to be pledged 774,712 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.