Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: December 14, 2006
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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
                                                                                          December 14, 2006
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           Dec 13, 2006  Dec 6, 2006 Dec 14, 2005 Dec 13, 2006
Federal Reserve Banks

Reserve Bank Credit                                         837,607    -   4,757    +  25,985      838,600
 Securities held outright                                   775,414    +   2,046    +  31,229      775,603       
    U.S. Treasury (1)                                       775,414    +   2,046    +  31,229      775,603
       Bills (2)                                            277,019            0    +   5,749      277,019
       Notes and bonds, nominal (2)                         464,241    +   2,088    +  14,646      464,445
       Notes and bonds, inflation-indexed (2)                30,105            0    +  10,122       30,105
       Inflation compensation (3)                             4,050    -      42    +     713        4,035
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    22,464    -   7,215    -   4,715       21,250
 Loans to depository institutions                               228    +      45    +     147          936
    Primary credit                                              147    +      46    +     136          853
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              81    -       1    +      11           84
 Float                                                        1,527    +     337    -     517        2,706
 Other Federal Reserve assets                                37,973    +      28    -     161       38,105
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,217    +      14    +   1,677       38,217
       
Total factors supplying reserve funds                       889,064    -   4,744    +  27,661      890,058
                                                                   
Currency in circulation(5)                                  806,257    +     629    +  26,887      808,488
Reverse repurchase agreements (6)                            28,082    -   1,119    +   2,910       28,302
   Foreign official and international accounts               28,082    -   1,119    +   2,910       28,302
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          180    +      14    -      19          201
Deposits with F.R.Banks, other than reserve balances         12,109    -     192    -   2,455       11,866       
  U.S. Treasury, general account                              4,740    -     320    -     656        4,500
  Foreign official                                               91            0    -       8           91
  Service-related                                             7,015    +     183    -   1,790        7,015
     Required clearing balances                               7,015    +     183    -   1,790        7,015
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         264    -      55    -       1          260
Other liabilities and capital                                36,439    +     101    +   3,331       36,119

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  883,067    -     568    +  30,655      884,975

Reserve balances with Federal Reserve Banks                   5,998    -   4,175    -   2,993        5,083
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,730,274    +  17,705    + 219,790    1,738,464
     U.S. Treasury                                        1,161,198    +  12,672    +  58,148    1,162,238
     Federal agency                                         569,076    +   5,033    + 161,643      576,225
  Securities lent to dealers                                  3,146    +   1,114    -     674          952   


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 Dec 13, 2006      Dec 6, 2006     Dec 14, 2005

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               827        +      13        +     116
Securities, repurchase agreements, and loans                   797,790        -   8,691        +  25,262
   Securities held outright                                    775,603        +   1,388        +  31,414
      U.S. Treasury (1)                                        775,603        +   1,388        +  31,414       
         Bills (2)                                             277,019                0        +   5,749
         Notes and bonds, nominal (2)                          464,445        +   1,430        +  14,850
         Notes and bonds, inflation-indexed (2)                 30,105                0        +  10,122
         Inflation compensation (3)                              4,035        -      42        +     694
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    21,250        -  10,750        -   7,000    
   Loans                                                           936        +     670        +     847
Items in process of collection                    (1,683)        7,585        +     158        -     943
Bank premises                                                    1,921        -       2        +      73
Other assets (5)                                                36,444        +     186        -     366
      Total assets                                (1,683)      857,804        -   8,336        +  24,143
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  771,295        +   1,638        +  24,724
Reverse repurchase agreements (6)                               28,302        -     737        +   1,727
Deposits                                              (0)       17,209        -   9,250        -   4,337       
  Depository institutions                                       12,358        -   9,217        -   3,870
  U.S. Treasury, general account                                 4,500        -      23        -     490
  Foreign official                                                  91        -       3        +       7
  Other                                               (0)          260        -       7        +      16
Deferred availability cash items                  (1,683)        4,879        +      47        -   1,300
Other liabilities and accrued dividends (7)                      6,011        +      43        +   1,630
      Total liabilities                           (1,683)      827,696        -   8,258        +  22,444
                          
Capital Accounts
Capital paid in                                                 15,314        +       6        +   1,784
Surplus                                                         10,554                0        -   1,076
Other capital accounts                                           4,240        -      83        +     990
      Total capital                                             30,108        -      77        +   1,699


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,  December 13, 2006
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             866       51,484   -     821            0           0       21,250       28,302
16 days to 90 days          71      168,695   +   1,111            0           0            0            0
91 days to 1 year            0      186,441   -     292            0           0     ------      ------
Over 1 to 5 years     ------        221,541   +   1,416            0           0     ------      ------
Over 5 to 10 years    ------         67,668   -      10            0           0     ------      ------
Over 10 years         ------         79,773   -      17            0           0     ------      ------
                   		 	
All                        936      775,603   +   1,388            0           0       21,250      28,302

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  December 13, 2006
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                                             827         25         51         58         79         81         99         99         38         31         63         82        121
Securities, repurchase agreements,
      and loans                              797,790     37,018    309,174     33,674     33,490     64,429     64,938     71,244     24,642     15,791     22,729     34,809     85,852
   Securities held outright                  775,603     37,011    287,072     33,673     33,490     64,429     64,931     71,216     24,642     15,768     22,711     34,808     85,852
      U.S. Treasury (1)                      775,603     37,011    287,072     33,673     33,490     64,429     64,931     71,216     24,642     15,768     22,711     34,808     85,852
         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)                  498,584     23,792    184,540     21,646     21,529     41,417     41,740     45,780     15,841     10,136     14,600     22,376     55,188
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                21,250          0     21,250          0          0          0          0          0          0          0          0          0          0
      Loans                                      936          7        853          0          0          0          7         28          0         23         18          1          0
Items in process of collection                 9,268        330        276        900        890        444      1,210        858        183        342      1,239        490      2,107
Bank premises                                  1,921        116        207         58        157        166        231        207         77        116        147        259        179
Other assets(5)                               36,444      1,209     11,828      1,852      2,271      7,012      2,728      2,724        732        699        714        934      3,740
Interdistrict settlement account                   0    +    42    -12,435    +   397    - 3,500    + 2,706    + 8,381    - 5,619    +   797    -   466    + 3,725    + 1,794    + 4,177
          Total Assets                       859,487     39,342    314,115     37,484     33,938     75,838     78,777     70,673     26,869     16,753     29,006     39,039     97,653

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  December 13, 2006
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             955,565     39,311    343,399     38,849     36,450     75,447     96,629     79,928     28,229     17,561     30,337     55,642    113,782
  Less: notes held by F.R. Banks              184,270      3,501     56,712      7,654      7,368     12,523     25,503     15,655      3,405      2,792      4,240     19,611     25,307
    Federal Reserve notes, net                771,295     35,810    286,687     31,194     29,082     62,924     71,126     64,274     24,824     14,770     26,097     36,030     88,475
Reverse repurchase agreements (1)              28,302      1,351     10,475      1,229      1,222      2,351      2,369      2,599        899        575        829      1,270      3,133
Deposits                                       17,209        669      7,891        501        650      1,253      1,579      1,076        460        270        436        636      1,788
  Depository institutions                      12,358        668      3,155        499        645      1,166      1,576      1,073        452        269        435        636      1,784
  U.S. Treasury, general account                4,500          0      4,500          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 91          1         62          2          3         11          3          3          0          1          1          0          4
  Other                                           260          0        174          0          1         75          0          0          8          0          1          0          0
Deferred availability cash items                6,562        418        130        991        505        480        619        414        110        421      1,083        362      1,028
Other liabilities and accrued                 
  dividends (2)                                 6,011        277      1,958        304        300        670        503        543        218        158        194        294        592
   
    Total liabilities                         829,379     38,525    307,141     34,219     31,759     67,678     76,196     68,906     26,511     16,195     28,639     38,593     95,017
                              
Capital                    
Capital paid in                                15,314        396      3,726      1,809      1,086      4,091      1,275        855        166        276        176        211      1,246
Surplus                                        10,554        309      1,604        723        996      3,238        872        838        124        235        166        121      1,328
Other capital                                   4,240        112      1,643        733         97        831        434         74         67         48         25        115         62
     Total liabilities and capital            859,487     39,342    314,115     37,484     33,938     75,838     78,777     70,673     26,869     16,753     29,006     39,039     97,653
                              

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
                                          Dec 13, 2006
              
Federal Reserve notes outstanding             955,565
   Less: Notes held by F.R. Banks
         not subject to collateralization     184,270
      Federal Reserve Notes to be
         collateralized                       771,295 
Collateral held against Federal Reserve            
   notes                                      771,295
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              758,058
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         796,853
   Less:face value of securities under
         reverse repurchase agreements         28,396
      U.S. Treasury and agency securities
             eligible to be pledged           768,457
   

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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