FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks March 29, 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 Mar 28, 2007 Mar 21, 2007 Mar 29, 2006 Mar 28, 2007 Federal Reserve Banks Reserve Bank Credit 852,122 + 997 + 38,019 855,715 Securities held outright 780,882 + 25 + 22,369 780,890 U.S. Treasury (1) 780,882 + 25 + 22,369 780,890 Bills (2) 277,019 0 + 1,649 277,019 Notes and bonds, nominal (2) 468,553 0 + 11,376 468,553 Notes and bonds, inflation-indexed (2) 31,776 0 + 9,130 31,776 Inflation compensation (3) 3,534 + 25 + 214 3,543 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 32,179 + 429 + 11,429 36,000 Loans to depository institutions 80 + 40 - 11 28 Primary credit 52 + 42 + 16 0 Secondary credit 0 0 0 0 Seasonal credit 28 - 2 - 27 28 Float -553 + 50 - 262 -989 Other Federal Reserve assets 39,534 + 453 + 4,494 39,785 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,366 + 14 + 500 38,366 Total factors supplying reserve funds 903,729 + 1,012 + 38,516 907,321 Currency in circulation(5) 805,493 - 805 + 17,047 807,386 Reverse repurchase agreements (6) 37,444 - 1,793 + 14,551 37,643 Foreign official and international accounts 37,444 - 1,793 + 14,551 37,643 Dealers 0 0 0 0 Treasury cash holdings 274 + 37 + 70 301 Deposits with F.R.Banks, other than reserve balances 12,365 - 404 - 1,320 12,135 U.S. Treasury, general account 4,990 - 418 - 410 4,772 Foreign official 99 + 9 + 14 91 Service-related 7,040 - 1 - 941 7,040 Required clearing balances 7,040 - 1 - 941 7,040 Adjustments to compensate for float 0 0 0 0 Other 236 + 7 + 17 231 Other liabilities and capital 38,759 - 25 + 5,864 38,468 Total factors, other than reserve balances, absorbing reserve funds 894,336 - 2,988 + 36,212 895,933 Reserve balances with Federal Reserve Banks 9,393 + 3,999 + 2,304 11,388 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,879,744 + 3,889 + 287,555 1,884,794 U.S. Treasury 1,210,818 - 6,610 + 83,278 1,213,661 Federal agency 668,926 + 10,499 + 204,277 671,133 Securities lent to dealers 581 - 1,066 - 344 1,994 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 Mar 28, 2007 Mar 21, 2007 Mar 29, 2006 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 921 - 10 + 132 Securities, repurchase agreements, and loans 816,919 + 6,273 + 38,639 Securities held outright 780,890 + 24 + 22,361 U.S. Treasury (1) 780,890 + 24 + 22,361 Bills (2) 277,019 0 + 1,649 Notes and bonds, nominal (2) 468,553 0 + 11,376 Notes and bonds, inflation-indexed (2) 31,776 0 + 9,130 Inflation compensation (3) 3,543 + 25 + 207 Federal agency (2) 0 0 0 Repurchase agreements (4) 36,000 + 6,250 + 16,500 Loans 28 - 1 - 223 Items in process of collection (853) 2,819 - 86 - 2,440 Bank premises 1,975 + 1 + 151 Other assets (5) 37,811 + 551 + 340 Total assets (853) 873,681 + 6,729 + 36,819 Liabilities Federal Reserve notes net of FR Bank holdings 770,238 + 186 + 17,111 Reverse repurchase agreements (6) 37,643 - 854 + 15,224 Deposits (0) 23,524 + 7,203 + 643 Depository institutions 18,429 + 7,139 + 470 U.S. Treasury, general account 4,772 + 51 + 153 Foreign official 91 + 1 + 7 Other (0) 231 + 11 + 12 Deferred availability cash items (853) 3,808 - 5 - 2,145 Other liabilities and accrued dividends (7) 5,852 + 41 + 1,205 Total liabilities (853) 841,066 + 6,572 + 32,039 Capital Accounts Capital paid in 15,841 - 16 + 2,093 Surplus 15,361 + 22 + 2,460 Other capital accounts 1,414 + 152 + 228 Total capital 32,615 + 157 + 4,780 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, March 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 28 57,927 - 835 0 0 36,000 37,643 16 days to 90 days 0 174,578 + 727 0 0 0 0 91 days to 1 year 0 174,718 + 110 0 0 ------ ------ Over 1 to 5 years ------ 224,582 + 6 0 0 ------ ------ Over 5 to 10 years ------ 66,552 + 6 0 0 ------ ------ Over 10 years ------ 82,534 + 10 0 0 ------ ------ All 28 780,890 + 24 0 0 36,000 37,643 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 March 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 921 37 60 64 98 86 92 107 39 38 67 87 145 Securities, repurchase agreements, and loans 816,919 38,987 302,354 35,466 35,273 67,859 68,387 75,020 25,954 16,614 23,922 36,661 90,422 Securities held outright 780,890 37,263 289,029 33,903 33,719 64,869 65,374 71,701 24,810 15,875 22,866 35,045 86,437 U.S. Treasury (1) 780,890 37,263 289,029 33,903 33,719 64,869 65,374 71,701 24,810 15,875 22,866 35,045 86,437 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) 503,872 24,044 186,497 21,876 21,757 41,857 42,183 46,265 16,009 10,243 14,754 22,613 55,774 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 36,000 1,718 13,325 1,563 1,554 2,991 3,014 3,306 1,144 732 1,054 1,616 3,985 Loans 28 7 0 0 0 0 0 13 0 7 2 0 0 Items in process of collection 3,672 129 58 482 217 370 637 196 143 134 302 273 730 Bank premises 1,975 117 211 57 157 170 231 207 82 115 178 260 189 Other assets(5) 37,811 1,292 11,879 3,164 2,208 6,999 3,094 2,584 749 716 705 1,011 3,409 Interdistrict settlement account 0 - 2,813 - 8,020 - 1,832 - 4,968 + 985 +14,105 - 5,150 + 587 - 697 + 3,780 + 1,673 + 2,349 Total Assets 874,534 38,351 311,555 37,948 33,535 77,470 87,736 74,123 27,954 17,161 29,345 40,638 98,718 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 March 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 964,904 38,665 340,137 38,067 36,006 75,063 107,643 81,647 29,333 17,317 30,728 57,090 113,209 Less: notes held by F.R. Banks 194,666 4,524 64,512 6,708 7,978 13,224 28,174 14,809 3,575 2,442 4,003 20,088 24,629 Federal Reserve notes, net 770,238 34,141 275,625 31,359 28,027 61,839 79,469 66,838 25,758 14,875 26,726 37,002 88,580 Reverse repurchase agreements (1) 37,643 1,796 13,933 1,634 1,625 3,127 3,151 3,456 1,196 765 1,102 1,689 4,167 Deposits 23,524 1,035 11,267 435 993 3,137 1,359 1,222 302 467 532 775 2,000 Depository institutions 18,429 1,033 6,269 430 989 3,075 1,356 1,220 289 466 530 775 1,997 U.S. Treasury, general account 4,772 0 4,772 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 231 1 164 1 1 51 0 0 13 0 1 0 0 Deferred availability cash items 4,661 283 121 578 418 529 534 293 129 250 420 319 788 Other liabilities and accrued dividends (2) 5,852 268 1,875 280 285 702 522 518 214 155 188 283 563 Total liabilities 841,919 37,523 302,820 34,287 31,348 69,334 85,035 72,327 27,599 16,512 28,968 40,068 96,097 Capital Capital paid in 15,841 396 4,220 1,811 1,060 3,972 1,313 863 168 317 179 276 1,267 Surplus 15,361 396 3,760 1,810 1,087 4,094 1,276 859 166 276 176 212 1,247 Other capital 1,414 36 754 41 41 70 111 74 20 57 22 82 107 Total liabilities and capital 874,534 38,351 311,555 37,948 33,535 77,470 87,736 74,123 27,954 17,161 29,345 40,638 98,718 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 Mar 28, 2007 Federal Reserve notes outstanding 964,904 Less: Notes held by F.R. Banks not subject to collateralization 194,666 Federal Reserve Notes to be collateralized 770,238 Collateral held against Federal Reserve notes 770,238 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 757,001 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 816,890 Less:face value of securities under reverse repurchase agreements 37,712 U.S. Treasury and agency securities eligible to be pledged 779,179 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.