FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 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 Jan 31, 2007 Jan 24, 2007 Feb 1, 2006 Jan 31, 2007 Federal Reserve Banks Reserve Bank Credit 844,206 + 7,114 + 29,860 851,098 Securities held outright 778,868 - 12 + 30,196 778,863 U.S. Treasury (1) 778,868 - 12 + 30,196 778,863 Bills (2) 277,019 0 + 4,182 277,019 Notes and bonds, nominal (2) 467,694 - 170 + 16,023 466,675 Notes and bonds, inflation-indexed (2) 30,757 + 170 + 9,821 31,776 Inflation compensation (3) 3,398 - 12 + 169 3,393 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 25,500 + 6,893 + 107 32,000 Loans to depository institutions 210 - 109 + 170 1,326 Primary credit 189 - 109 + 178 1,309 Secondary credit 0 0 0 0 Seasonal credit 22 + 1 - 7 18 Float -941 - 400 - 759 -1,482 Other Federal Reserve assets 40,569 + 742 + 146 40,391 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,289 + 14 + 1,750 38,289 Total factors supplying reserve funds 895,736 + 7,128 + 31,608 902,628 Currency in circulation(5) 800,843 - 2,496 + 19,823 802,635 Reverse repurchase agreements (6) 31,706 + 2,296 + 7,895 32,379 Foreign official and international accounts 31,706 + 2,296 + 7,895 32,379 Dealers 0 0 0 0 Treasury cash holdings 210 - 10 - 5 175 Deposits with F.R.Banks, other than reserve balances 12,268 - 98 - 1,916 13,264 U.S. Treasury, general account 5,055 - 57 - 62 6,053 Foreign official 90 - 19 + 7 90 Service-related 6,835 - 2 - 1,875 6,835 Required clearing balances 6,835 - 2 - 1,875 6,835 Adjustments to compensate for float 0 0 0 0 Other 287 - 21 + 13 285 Other liabilities and capital 37,417 + 393 + 5,931 36,727 Total factors, other than reserve balances, absorbing reserve funds 882,443 + 83 + 31,728 885,179 Reserve balances with Federal Reserve Banks 13,293 + 7,045 - 120 17,449 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,790,193 + 10,882 + 250,155 1,791,200 U.S. Treasury 1,173,303 + 4,123 + 71,665 1,176,156 Federal agency 616,890 + 6,759 + 178,490 615,043 Securities lent to dealers 1,289 - 378 - 2,424 3,513 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 31, 2007 Jan 24, 2007 Feb 1, 2006 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 1,069 + 85 + 259 Securities, repurchase agreements, and loans 812,189 + 14,288 + 40,293 Securities held outright 778,863 - 12 + 30,023 U.S. Treasury (1) 778,863 - 12 + 30,023 Bills (2) 277,019 0 + 4,165 Notes and bonds, nominal (2) 466,675 - 1,189 + 16,095 Notes and bonds, inflation-indexed (2) 31,776 + 1,189 + 9,580 Inflation compensation (3) 3,393 - 13 + 183 Federal agency (2) 0 0 0 Repurchase agreements (4) 32,000 + 13,000 + 9,000 Loans 1,326 + 1,300 + 1,271 Items in process of collection (829) 2,729 - 389 - 5,779 Bank premises 1,962 + 13 + 138 Other assets (5) 38,373 - 23 - 13 Total assets (829) 869,559 + 13,974 + 34,896 Liabilities Federal Reserve notes net of FR Bank holdings 765,586 - 252 + 17,408 Reverse repurchase agreements (6) 32,379 + 2,960 + 9,199 Deposits (0) 30,657 + 11,644 + 5,752 Depository institutions 24,228 + 11,020 + 4,822 U.S. Treasury, general account 6,053 + 641 + 958 Foreign official 90 0 + 7 Other (0) 285 - 18 - 36 Deferred availability cash items (829) 4,211 0 - 3,242 Other liabilities and accrued dividends (7) 5,568 + 17 + 1,466 Total liabilities (829) 838,400 + 14,367 + 30,582 Capital Accounts Capital paid in 15,358 + 26 + 1,800 Surplus 15,127 + 35 + 2,248 Other capital accounts 674 - 454 + 266 Total capital 31,159 - 393 + 4,314 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 31, 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 1,325 56,075 - 2,079 0 0 32,000 32,379 16 days to 90 days 1 169,534 + 6,702 0 0 0 0 91 days to 1 year 0 179,349 - 5,552 0 0 ------ ------ Over 1 to 5 years ------ 222,478 - 264 0 0 ------ ------ Over 5 to 10 years ------ 69,780 - 3 0 0 ------ ------ Over 10 years ------ 81,647 + 1,183 0 0 ------ ------ All 1,326 778,863 - 12 0 0 32,000 32,379 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 31, 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 1,069 42 73 70 103 105 119 130 48 45 81 99 155 Securities, repurchase agreements, and loans 812,189 37,175 321,032 33,815 34,079 64,700 65,304 71,519 24,747 15,838 22,808 34,954 86,217 Securities held outright 778,863 37,166 288,278 33,815 33,631 64,700 65,204 71,515 24,746 15,834 22,807 34,954 86,212 U.S. Treasury (1) 778,863 37,166 288,278 33,815 33,631 64,700 65,204 71,515 24,746 15,834 22,807 34,954 86,212 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) 501,844 23,947 185,746 21,788 21,669 41,688 42,013 46,079 15,944 10,202 14,695 22,522 55,549 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 32,000 0 32,000 0 0 0 0 0 0 0 0 0 0 Loans 1,326 9 754 0 448 0 100 4 1 4 1 0 5 Items in process of collection 3,558 179 61 543 354 395 321 210 118 173 473 211 519 Bank premises 1,962 117 211 58 157 171 231 206 82 116 167 260 186 Other assets(5) 38,373 1,293 12,877 1,886 2,332 7,093 2,828 2,864 798 738 767 1,008 3,890 Interdistrict settlement account 0 - 341 -23,974 - 40 - 3,532 + 4,077 +11,713 - 1,693 + 1,779 + 885 + 4,155 + 2,675 + 4,297 Total Assets 870,388 39,067 315,294 36,877 34,043 77,540 81,705 74,393 27,971 18,036 28,840 39,880 96,742 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 31, 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 960,128 39,080 341,101 38,237 36,107 75,188 100,052 82,402 29,123 17,410 30,804 56,697 113,927 Less: notes held by F.R. Banks 194,542 3,969 62,472 7,596 7,570 13,006 27,000 15,220 3,416 2,629 4,400 20,249 27,016 Federal Reserve notes, net 765,586 35,112 278,630 30,641 28,537 62,182 73,052 67,182 25,707 14,781 26,404 36,447 86,911 Reverse repurchase agreements (1) 32,379 1,545 11,984 1,406 1,398 2,690 2,711 2,973 1,029 658 948 1,453 3,584 Deposits 30,657 981 15,040 457 1,139 3,206 2,250 1,659 547 1,623 571 862 2,322 Depository institutions 24,228 977 8,760 454 1,135 3,094 2,247 1,656 535 1,622 569 859 2,318 U.S. Treasury, general account 6,053 0 6,053 0 0 0 0 0 0 0 0 0 0 Foreign official 90 1 61 2 3 11 3 3 0 1 1 0 4 Other 285 3 166 1 0 101 0 0 11 0 1 2 0 Deferred availability cash items 5,040 349 101 706 501 623 569 292 119 262 351 385 781 Other liabilities and accrued dividends (2) 5,568 261 1,812 258 274 581 513 505 213 146 188 275 542 Total liabilities 839,230 38,248 307,568 33,467 31,848 69,282 79,094 72,611 27,615 17,470 28,462 39,423 94,140 Capital Capital paid in 15,358 396 3,725 1,810 1,087 4,093 1,274 859 167 277 178 215 1,277 Surplus 15,127 396 3,738 1,600 1,087 4,094 1,276 858 166 276 176 212 1,247 Other capital 674 26 263 0 22 71 60 65 22 12 24 31 77 Total liabilities and capital 870,388 39,067 315,294 36,877 34,043 77,540 81,705 74,393 27,971 18,036 28,840 39,880 96,742 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 31, 2007 Federal Reserve notes outstanding 960,128 Less: Notes held by F.R. Banks not subject to collateralization 194,542 Federal Reserve Notes to be collateralized 765,586 Collateral held against Federal Reserve notes 765,586 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 752,349 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 810,863 Less:face value of securities under reverse repurchase agreements 32,428 U.S. Treasury and agency securities eligible to be pledged 778,435 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.