FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 22, 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 21, 2007 Feb 14, 2007 Feb 22, 2006 Feb 21, 2007 Federal Reserve Banks Reserve Bank Credit 851,672 + 4,502 + 35,865 852,955 Securities held outright 778,898 + 14 + 27,411 778,902 U.S. Treasury (1) 778,898 + 14 + 27,411 778,902 Bills (2) 277,019 0 + 2,877 277,019 Notes and bonds, nominal (2) 466,675 0 + 14,666 466,675 Notes and bonds, inflation-indexed (2) 31,776 0 + 9,580 31,776 Inflation compensation (3) 3,428 + 13 + 287 3,432 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 35,179 + 8,143 + 7,643 34,000 Loans to depository institutions 26 - 12 - 19 41 Primary credit 5 - 9 0 18 Secondary credit 0 0 - 8 0 Seasonal credit 21 - 3 - 11 23 Float -210 - 293 + 267 2,178 Other Federal Reserve assets 37,779 - 3,350 + 563 37,834 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,331 + 14 + 836 38,331 Total factors supplying reserve funds 903,244 + 4,516 + 36,698 904,527 Currency in circulation(5) 807,839 + 3,197 + 18,367 808,371 Reverse repurchase agreements (6) 37,716 + 1,302 + 13,930 38,144 Foreign official and international accounts 37,716 + 1,302 + 13,930 38,144 Dealers 0 0 0 0 Treasury cash holdings 210 + 12 + 19 200 Deposits with F.R.Banks, other than reserve balances 12,035 - 195 - 1,338 12,390 U.S. Treasury, general account 4,940 - 74 - 65 5,304 Foreign official 91 0 + 7 91 Service-related 6,738 - 123 - 1,277 6,738 Required clearing balances 6,738 - 123 - 1,277 6,738 Adjustments to compensate for float 0 0 0 0 Other 267 + 3 - 2 257 Other liabilities and capital 37,632 + 426 + 5,618 37,392 Total factors, other than reserve balances, absorbing reserve funds 895,432 + 4,742 + 36,596 896,497 Reserve balances with Federal Reserve Banks 7,812 - 226 + 102 8,031 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,826,581 + 15,528 + 254,221 1,828,375 U.S. Treasury 1,192,778 + 9,049 + 68,178 1,195,980 Federal agency 633,802 + 6,478 + 186,043 632,395 Securities lent to dealers 2,454 + 1,487 + 387 3,672 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 21, 2007 Feb 14, 2007 Feb 22, 2006 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 1,001 - 28 + 160 Securities, repurchase agreements, and loans 812,944 + 4,006 + 31,292 Securities held outright 778,902 + 13 + 26,353 U.S. Treasury (1) 778,902 + 13 + 26,353 Bills (2) 277,019 0 + 2,877 Notes and bonds, nominal (2) 466,675 0 + 13,597 Notes and bonds, inflation-indexed (2) 31,776 0 + 9,580 Inflation compensation (3) 3,432 + 13 + 299 Federal agency (2) 0 0 0 Repurchase agreements (4) 34,000 + 4,000 + 5,000 Loans 41 - 8 - 62 Items in process of collection (1,586) 8,082 + 1,708 - 2,360 Bank premises 1,960 + 1 + 140 Other assets (5) 35,832 - 3,636 + 291 Total assets (1,586) 873,056 + 2,051 + 29,520 Liabilities Federal Reserve notes net of FR Bank holdings 771,238 + 1,283 + 17,913 Reverse repurchase agreements (6) 38,144 + 808 + 13,634 Deposits (0) 20,374 - 2,266 - 5,674 Depository institutions 14,722 - 2,467 - 6,647 U.S. Treasury, general account 5,304 + 202 + 970 Foreign official 91 + 1 + 3 Other (0) 257 - 2 0 Deferred availability cash items (1,586) 5,910 + 1,793 - 2,005 Other liabilities and accrued dividends (7) 5,645 + 6 + 1,319 Total liabilities (1,586) 841,309 + 1,622 + 25,186 Capital Accounts Capital paid in 15,859 + 508 + 2,143 Surplus 15,224 + 27 + 2,323 Other capital accounts 664 - 106 - 132 Total capital 31,747 + 428 + 4,334 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 21, 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 41 63,134 - 3,020 0 0 34,000 38,144 16 days to 90 days 0 171,140 - 335 0 0 0 0 91 days to 1 year 0 176,111 + 8,780 0 0 ------ ------ Over 1 to 5 years ------ 219,506 - 7,439 0 0 ------ ------ Over 5 to 10 years ------ 66,523 + 1,197 0 0 ------ ------ Over 10 years ------ 82,489 + 832 0 0 ------ ------ All 41 778,902 + 13 0 0 34,000 38,144 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 21, 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 1,001 37 65 71 99 99 115 113 43 41 77 95 147 Securities, repurchase agreements, and loans 812,944 38,798 300,877 35,293 35,106 67,528 68,054 74,646 25,827 16,535 23,815 36,482 89,983 Securities held outright 778,902 37,168 288,293 33,817 33,633 64,703 65,207 71,519 24,747 15,835 22,808 34,956 86,217 U.S. Treasury (1) 778,902 37,168 288,293 33,817 33,633 64,703 65,207 71,519 24,747 15,835 22,808 34,956 86,217 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) 501,883 23,949 185,761 21,790 21,671 41,692 42,016 46,083 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) 34,000 1,622 12,584 1,476 1,468 2,824 2,846 3,122 1,080 691 996 1,526 3,763 Loans 41 8 0 0 5 0 0 6 0 9 12 0 2 Items in process of collection 9,668 357 190 1,987 1,221 877 710 556 274 424 800 816 1,456 Bank premises 1,960 117 211 58 157 169 231 205 80 116 168 260 187 Other assets(5) 35,832 1,210 11,194 3,042 2,115 6,756 2,922 2,414 714 677 653 937 3,197 Interdistrict settlement account 0 - 2,285 - 6,167 - 2,509 - 5,085 + 1,907 +11,734 - 4,689 + 981 - 1,063 + 3,294 + 1,709 + 2,172 Total Assets 874,642 38,835 311,384 38,487 34,163 78,336 84,956 74,406 28,318 16,971 29,197 40,973 98,617 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 21, 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 962,504 38,999 340,999 38,042 36,174 74,950 102,876 82,027 29,344 17,331 30,813 57,035 113,912 Less: notes held by F.R. Banks 191,266 4,159 63,001 6,904 7,358 12,941 26,197 14,950 3,422 2,471 4,340 19,778 25,746 Federal Reserve notes, net 771,238 34,839 277,999 31,138 28,816 62,009 76,679 67,077 25,922 14,861 26,473 37,257 88,167 Reverse repurchase agreements (1) 38,144 1,820 14,118 1,656 1,647 3,169 3,193 3,502 1,212 775 1,117 1,712 4,222 Deposits 20,374 620 9,008 600 680 3,553 1,250 1,003 430 262 445 709 1,814 Depository institutions 14,722 612 3,488 595 675 3,462 1,246 1,001 419 261 444 708 1,811 U.S. Treasury, general account 5,304 0 5,304 0 0 0 0 0 0 0 0 0 0 Foreign official 91 1 60 5 3 11 3 2 0 1 0 1 3 Other 257 7 155 0 2 80 0 1 11 0 1 0 0 Deferred availability cash items 7,495 473 224 1,320 542 746 715 532 184 341 596 562 1,259 Other liabilities and accrued dividends (2) 5,645 261 1,820 265 273 625 512 508 213 152 191 276 547 Total liabilities 842,895 38,013 303,169 34,979 31,958 70,102 82,348 72,623 27,961 16,391 28,823 40,516 96,010 Capital Capital paid in 15,859 395 4,216 1,810 1,089 4,096 1,276 861 168 289 179 214 1,266 Surplus 15,224 396 3,738 1,698 1,087 4,094 1,276 859 166 276 176 212 1,247 Other capital 664 31 260 0 29 45 54 63 23 15 19 31 94 Total liabilities and capital 874,642 38,835 311,384 38,487 34,163 78,336 84,956 74,406 28,318 16,971 29,197 40,973 98,617 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 21, 2007 Federal Reserve notes outstanding 962,504 Less: Notes held by F.R. Banks not subject to collateralization 191,266 Federal Reserve Notes to be collateralized 771,238 Collateral held against Federal Reserve notes 771,238 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 758,001 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 812,902 Less:face value of securities under reverse repurchase agreements 38,209 U.S. Treasury and agency securities eligible to be pledged 774,693 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.