Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: March 1, 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
                                                                                              March 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           Feb 28, 2007 Feb 21, 2007  Mar 1, 2006 Feb 28, 2007
Federal Reserve Banks

Reserve Bank Credit                                         853,467    +   1,795    +  32,710      863,042
 Securities held outright                                   779,447    +     549    +  25,757      780,793       
    U.S. Treasury (1)                                       779,447    +     549    +  25,757      780,793
       Bills (2)                                            277,019            0    +   2,877      277,019
       Notes and bonds, nominal (2)                         467,212    +     537    +  12,977      468,553
       Notes and bonds, inflation-indexed (2)                31,776            0    +   9,580       31,776
       Inflation compensation (3)                             3,441    +      13    +     323        3,446
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    36,286    +   1,107    +   7,250       45,250
 Loans to depository institutions                                33    +       7    -       1           22
    Primary credit                                               11    +       6    +       5            0
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              21            0    -       7           22
 Float                                                         -439    -     229    -     650       -1,010
 Other Federal Reserve assets                                38,141    +     362    +     354       37,987
Gold stock                                                   11,041            0    -       3       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,318    +      14    +     505       38,318
       
Total factors supplying reserve funds                       905,026    +   1,809    +  33,212      914,601
                                                                   
Currency in circulation(5)                                  806,652    -   1,160    +  18,266      808,091
Reverse repurchase agreements (6)                            38,712    +     996    +  14,065       39,645
   Foreign official and international accounts               38,712    +     996    +  14,065       39,645
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          201    -       9    +      16          204
Deposits with F.R.Banks, other than reserve balances         11,755    -     280    -   1,688       12,297       
  U.S. Treasury, general account                              4,674    -     266    -     406        5,194
  Foreign official                                               91            0    +       8           91
  Service-related                                             6,738            0    -   1,277        6,738
     Required clearing balances                               6,738            0    -   1,277        6,738
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         252    -      15    -      13          274
Other liabilities and capital                                38,069    +     437    +   5,753       38,147

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  895,390    -      15    +  36,413      898,384

Reserve balances with Federal Reserve Banks                   9,636    +   1,824    -   3,202       16,216
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,833,370    +   6,789    + 253,534    1,839,398
     U.S. Treasury                                        1,200,513    +   7,735    +  73,894    1,205,004
     Federal agency                                         632,856    -     946    + 179,639      634,394
  Securities lent to dealers                                  2,382    -      72    -   1,227        6,026   


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 28, 2007     Feb 21, 2007      Mar 1, 2006

Assets
Gold certificate account                                        11,037                0        -       3
Special drawing rights certificate account                       2,200                0                0
Coin                                                               985        -      16        +     159
Securities, repurchase agreements, and loans                   826,065        +  13,121        +  43,594
   Securities held outright                                    780,793        +   1,891        +  26,111
      U.S. Treasury (1)                                        780,793        +   1,891        +  26,111       
         Bills (2)                                             277,019                0        +   2,877
         Notes and bonds, nominal (2)                          468,553        +   1,878        +  13,326
         Notes and bonds, inflation-indexed (2)                 31,776                0        +   9,580
         Inflation compensation (3)                              3,446        +      14        +     329
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    45,250        +  11,250        +  17,500    
   Loans                                                            22        -      19        -      16
Items in process of collection                      (795)        3,040        -   5,042        -   5,085
Bank premises                                                    1,974        +      14        +     153
Other assets (5)                                                35,966        +     134        +      45
      Total assets                                  (795)      881,267        +   8,211        +  38,864
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  770,958        -     280        +  17,930
Reverse repurchase agreements (6)                               39,645        +   1,501        +  14,973
Deposits                                              (0)       28,464        +   8,090        +   2,565       
  Depository institutions                                       22,906        +   8,184        +   2,809
  U.S. Treasury, general account                                 5,194        -     110        -     233
  Foreign official                                                  91                0        +       6
  Other                                               (0)          274        +      17        -      16
Deferred availability cash items                    (795)        4,053        -   1,857        -   2,740
Other liabilities and accrued dividends (7)                      5,697        +      52        +   1,333
      Total liabilities                             (795)      848,817        +   7,508        +  34,061
                          
Capital Accounts
Capital paid in                                                 15,953        +      94        +   2,214
Surplus                                                         15,282        +      58        +   2,381
Other capital accounts                                           1,214        +     550        +     208
      Total capital                                             32,450        +     703        +   4,804


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 28, 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              20       54,261   -   8,873            0           0       45,250       39,645
16 days to 90 days           2      171,003   -     137            0           0            0            0
91 days to 1 year            0      177,267   +   1,156            0           0     ------      ------
Over 1 to 5 years     ------        229,242   +   9,736            0           0     ------      ------
Over 5 to 10 years    ------         66,526   +       3            0           0     ------      ------
Over 10 years         ------         82,494   +       5            0           0     ------      ------
                   		 	
All                         22      780,793   +   1,891            0           0       45,250      39,645

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 28, 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                                             985         38         69         68         99         98        108        111         42         40         74         91        146
Securities, repurchase agreements,
      and loans                              826,065     39,427    305,741     35,863     35,668     68,619     69,154     75,851     26,245     16,800     24,190     37,072     91,435
   Securities held outright                  780,793     37,258    288,993     33,899     33,714     64,861     65,365     71,692     24,807     15,873     22,863     35,041     86,426
      U.S. Treasury (1)                      780,793     37,258    288,993     33,899     33,714     64,861     65,365     71,692     24,807     15,873     22,863     35,041     86,426
         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)                  503,775     24,039    186,461     21,872     21,753     41,849     42,174     46,257     16,006     10,241     14,752     22,609     55,763
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                45,250      2,159     16,748      1,965      1,954      3,759      3,788      4,155      1,438        920      1,325      2,031      5,009
      Loans                                       22         10          0          0          0          0          0          4          0          7          2          0          0
Items in process of collection                 3,835        187         67        501        488        404        323        193        121        269        372        217        695
Bank premises                                  1,974        117        210         57        156        171        231        206         83        116        178        259        189
Other assets(5)                               35,966      1,204     11,177      3,171      2,110      6,801      2,932      2,420        694        674        656        931      3,196
Interdistrict settlement account                   0    - 2,742    - 4,373    - 2,478    - 4,660    -   350    +12,477    - 5,209    +   413    -   202    + 3,425    + 1,698    + 2,001
          Total Assets                       882,062     38,832    317,904     37,728     34,411     76,744     86,414     74,732     27,998     17,937     29,285     40,941     99,137

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 28, 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             963,357     38,993    340,889     37,956     36,079     74,834    104,022     82,286     29,325     17,313     30,812     57,059    113,789
  Less: notes held by F.R. Banks              192,400      4,318     63,009      6,995      7,383     13,229     26,633     14,984      3,631      2,411      4,317     19,929     25,561
    Federal Reserve notes, net                770,958     34,675    277,881     30,960     28,696     61,605     77,389     67,303     25,694     14,901     26,495     37,130     88,228
Reverse repurchase agreements (1)              39,645      1,892     14,674      1,721      1,712      3,293      3,319      3,640      1,260        806      1,161      1,779      4,388
Deposits                                       28,464        833     14,901        515      1,079      2,298      2,007      1,191        359      1,164        597        919      2,602
  Depository institutions                      22,906        822      9,480        510      1,075      2,209      2,004      1,188        342      1,163        596        918      2,598
  U.S. Treasury, general account                5,194          0      5,194          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 91          1         61          5          3         11          3          2          0          1          0          1          3
  Other                                           274         10        166          0          1         79          0          0         16          0          1          0          0
Deferred availability cash items                4,848        341         67        697        427        574        545        283        106        291        454        326        738
Other liabilities and accrued                 
  dividends (2)                                 5,697        265      1,861        269        278        604        521        510        217        149        193        278        552
   
    Total liabilities                         849,612     38,005    309,382     34,163     32,192     68,374     83,782     72,927     27,636     17,312     28,900     40,432     96,507
                              
Capital                    
Capital paid in                                15,953        395      4,218      1,810      1,089      4,110      1,277        861        168        316        179        264      1,266
Surplus                                        15,282        396      3,738      1,755      1,087      4,094      1,276        859        166        276        176        212      1,247
Other capital                                   1,214         35        566          0         43        166         79         85         28         33         30         32        117
     Total liabilities and capital            882,062     38,832    317,904     37,728     34,411     76,744     86,414     74,732     27,998     17,937     29,285     40,941     99,137
                              

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 28, 2007
              
Federal Reserve notes outstanding             963,357
   Less: Notes held by F.R. Banks
         not subject to collateralization     192,400
      Federal Reserve Notes to be
         collateralized                       770,958 
Collateral held against Federal Reserve            
   notes                                      770,958
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              757,721
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         826,043
   Less:face value of securities under
         reverse repurchase agreements         39,718
      U.S. Treasury and agency securities
             eligible to be pledged           786,326
   

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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