Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: January 4, 2007
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FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            January 4, 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 3, 2007 Dec 27, 2006  Jan 4, 2006  Jan 3, 2007
Federal Reserve Banks

Reserve Bank Credit                                         859,453    +   7,256    +  26,663      859,699
 Securities held outright                                   778,916    -      35    +  35,085      778,910       
    U.S. Treasury (1)                                       778,916    -      35    +  35,085      778,910
       Bills (2)                                            277,019            0    +   5,749      277,019
       Notes and bonds, nominal (2)                         467,864            0    +  18,647      467,864
       Notes and bonds, inflation-indexed (2)                30,105            0    +  10,122       30,105
       Inflation compensation (3)                             3,928    -      36    +     568        3,922
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    40,857    +   7,821    -   7,893       39,750
 Loans to depository institutions                               233    +      84    +     169        1,262
    Primary credit                                              180    +     116    +     173        1,239
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              54    -      31    -       3           23
 Float                                                         -204    -   1,086    -   1,053          632
 Other Federal Reserve assets                                39,650    +     470    +     354       39,145
Gold stock                                                   11,041            0    -       2       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,259    +      14    +   1,719       38,259
       
Total factors supplying reserve funds                       910,953    +   7,270    +  28,381      911,198
                                                                   
Currency in circulation(5)                                  819,856    +   2,986    +  26,221      818,550
Reverse repurchase agreements (6)                            29,545    -     964    -     886       29,742
   Foreign official and international accounts               29,545    -     964    -     886       29,742
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          253    +      23    +      51          263
Deposits with F.R.Banks, other than reserve balances         12,733    +     299    -   2,338       13,341       
  U.S. Treasury, general account                              5,027    -     213    +     293        6,156
  Foreign official                                               94    +       2    +       9           90
  Service-related                                             6,856    +      20    -   1,794        6,856
     Required clearing balances                               6,842    +       6    -   1,808        6,842
     Adjustments to compensate for float                         14    +      14    +      14           14
  Other                                                         755    +     489    -     847          239
Other liabilities and capital                                36,312    -     512    +   5,420       36,065

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  898,698    +   1,831    +  28,467      897,962

Reserve balances with Federal Reserve Banks                  12,254    +   5,438    -      87       13,237
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,763,030    +  10,928    + 239,487    1,768,586
     U.S. Treasury                                        1,162,289    +   6,404    +  66,304    1,167,132
     Federal agency                                         600,741    +   4,524    + 173,183      601,455
  Securities lent to dealers                                  7,347    +   4,022    +   3,652        8,225   


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 3, 2007     Dec 27, 2006      Jan 4, 2006

Assets
Gold certificate account                                        11,037                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               797        -       3        +     114
Securities, repurchase agreements, and loans                   819,921        +   4,495        +  30,514
   Securities held outright                                    778,910        -      28        +  36,040
      U.S. Treasury (1)                                        778,910        -      28        +  36,040       
         Bills (2)                                             277,019                0        +   5,749
         Notes and bonds, nominal (2)                          467,864                0        +  19,590
         Notes and bonds, inflation-indexed (2)                 30,105                0        +  10,122
         Inflation compensation (3)                              3,922        -      29        +     580
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    39,750        +   3,750        -   6,750    
   Loans                                                         1,262        +     774        +   1,225
Items in process of collection                    (1,260)        5,472        +     335        -   6,341
Bank premises                                                    1,945        +       1        +     125
Other assets (5)                                                37,152        -     197        -     452
      Total assets                                (1,260)      878,524        +   4,630        +  23,958
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  781,347        -   1,386        +  24,813
Reverse repurchase agreements (6)                               29,742        -   2,384        +   2,175
Deposits                                              (0)       26,529        +   8,938        -   3,574       
  Depository institutions                                       20,044        +   7,272        -   5,791
  U.S. Treasury, general account                                 6,156        +   1,686        +   2,234
  Foreign official                                                  90        -       2        +       9
  Other                                               (0)          239        -      19        -      26
Deferred availability cash items                  (1,260)        4,840        +     113        -   4,561
Other liabilities and accrued dividends (7)                      5,461        -     526        +   1,551
      Total liabilities                           (1,260)      847,920        +   4,757        +  20,405
                          
Capital Accounts
Capital paid in                                                 15,328                0        +   1,786
Surplus                                                         15,029        +   4,475        +   2,124
Other capital accounts                                             248        -   4,600        -     356
      Total capital                                             30,604        -     127        +   3,553


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 3, 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           1,247       51,356   -   6,201            0           0       39,750       29,742
16 days to 90 days          15      170,177   +   6,715            0           0            0            0
91 days to 1 year            0      184,284   -   1,311            0           0     ------      ------
Over 1 to 5 years     ------        224,972   +     787            0           0     ------      ------
Over 5 to 10 years    ------         67,644   -       6            0           0     ------      ------
Over 10 years         ------         80,477   -      12            0           0     ------      ------
                   		 	
All                      1,262      778,910   -      28            0           0       39,750      29,742

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 3, 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                                             797         29         49         52         73         80         91        101         38         31         61         79        114
Securities, repurchase agreements,
      and loans                              819,921     37,174    329,260     33,819     33,633     64,704     65,210     71,548     24,747     15,838     22,813     34,957     86,218
   Securities held outright                  778,910     37,168    288,296     33,817     33,633     64,704     65,208     71,519     24,747     15,835     22,808     34,957     86,218
      U.S. Treasury (1)                      778,910     37,168    288,296     33,817     33,633     64,704     65,208     71,519     24,747     15,835     22,808     34,957     86,218
         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)                  501,891     23,949    185,763     21,790     21,671     41,692     42,017     46,084     15,946     10,203     14,696     22,524     55,554
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                39,750          0     39,750          0          0          0          0          0          0          0          0          0          0
      Loans                                    1,262          6      1,214          2          0          0          3         28          0          3          5          0          0
Items in process of collection                 6,733        308         94      1,139        736        445        846        523        216        330        643        504        951
Bank premises                                  1,945        117        211         58        157        168        232        206         79        116        159        260        182
Other assets(5)                               37,152      1,249     12,115      1,882      2,302      7,054      2,769      2,794        759        715        736        966      3,811
Interdistrict settlement account                   0    +   201    -27,105    +   289    - 2,573    + 3,381    +11,054    - 3,496    + 2,004    +   169    + 4,750    + 3,385    + 7,940
          Total Assets                       879,784     39,679    319,636     37,785     34,878     76,831     81,391     72,834     28,243     17,440     29,552     40,822    100,692

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 3, 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             958,508     39,146    342,403     38,700     36,389     75,180     97,519     80,199     29,199     17,465     30,784     56,783    114,740
  Less: notes held by F.R. Banks              177,161      3,210     57,193      7,158      6,724     11,493     24,247     14,337      3,142      2,556      3,758     19,345     23,996
    Federal Reserve notes, net                781,347     35,936    285,210     31,542     29,665     63,687     73,272     65,862     26,057     14,909     27,026     37,438     90,744
Reverse repurchase agreements (1)              29,742      1,419     11,008      1,291      1,284      2,471      2,490      2,731        945        605        871      1,335      3,292
Deposits                                       26,529        817     13,919        733      1,013      1,369      1,913      1,532        520        748        580        786      2,598
  Depository institutions                      20,044        808      7,546        730      1,009      1,294      1,911      1,529        514        747        578        785      2,594
  U.S. Treasury, general account                6,156          0      6,156          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 90          1         62          2          3         11          3          3          0          1          1          0          4
  Other                                           239          8        155          1          1         65          0          0          6          1          2          0          0
Deferred availability cash items                6,100        440        125        647        468        560        678        467        165        480        534        547        989
Other liabilities and accrued                 
  dividends (2)                                 5,461        262      1,814        247        267        537        467        504        215        143        183        282        542
   
    Total liabilities                         849,180     38,875    312,075     34,460     32,697     68,624     78,820     71,096     27,903     16,885     29,193     40,387     98,166
                              
Capital                    
Capital paid in                                15,328        396      3,725      1,810      1,087      4,093      1,275        859        166        276        176        212      1,252
Surplus                                        15,029        396      3,727      1,514      1,087      4,093      1,276        858        166        276        176        212      1,247
Other capital                                     248         12        109          0          8         20         20         22          8          4          6         12         27
     Total liabilities and capital            879,784     39,679    319,636     37,785     34,878     76,831     81,391     72,834     28,243     17,440     29,552     40,822    100,692
                              

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 3, 2007
              
Federal Reserve notes outstanding             958,508
   Less: Notes held by F.R. Banks
         not subject to collateralization     177,161
      Federal Reserve Notes to be
         collateralized                       781,347 
Collateral held against Federal Reserve            
   notes                                      781,347
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              768,111
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         818,660
   Less:face value of securities under
         reverse repurchase agreements         29,787
      U.S. Treasury and agency securities
             eligible to be pledged           788,873
   

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.

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