FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 2, 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 Nov 1, 2006 Oct 25, 2006 Nov 2, 2005 Nov 1, 2006 Federal Reserve Banks Reserve Bank Credit 833,424 + 2,624 + 31,539 840,647 Securities held outright 768,651 + 1,238 + 28,126 769,918 U.S. Treasury (1) 768,651 + 1,238 + 28,126 769,918 Bills (2) 277,019 0 + 6,308 277,019 Notes and bonds, nominal (2) 459,397 + 586 + 12,605 459,065 Notes and bonds, inflation-indexed (2) 28,053 + 623 + 8,070 29,611 Inflation compensation (3) 4,182 + 30 + 1,144 4,223 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 22,429 - 464 + 1,893 25,000 Loans to depository institutions 172 - 2 + 18 197 Primary credit 21 + 12 + 16 58 Secondary credit 0 0 0 0 Seasonal credit 152 - 13 + 4 139 Float 1,232 + 1,640 + 863 4,795 Other Federal Reserve assets 40,940 + 212 + 638 40,738 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,140 + 14 + 1,711 38,140 Total factors supplying reserve funds 884,805 + 2,638 + 33,250 892,029 Currency in circulation(5) 794,745 + 593 + 26,344 797,209 Reverse repurchase agreements (6) 31,958 + 1,237 + 6,611 31,186 Foreign official and international accounts 31,958 + 1,237 + 6,611 31,186 Dealers 0 0 0 0 Treasury cash holdings 181 + 1 - 32 191 Deposits with F.R.Banks, other than reserve balances 12,304 - 167 - 1,872 12,353 U.S. Treasury, general account 4,982 - 196 + 1 5,007 Foreign official 89 0 - 16 91 Service-related 6,932 + 18 - 1,849 6,932 Required clearing balances 6,932 + 18 - 1,849 6,932 Adjustments to compensate for float 0 0 0 0 Other 300 + 10 - 8 323 Other liabilities and capital 36,688 + 271 + 4,816 36,261 Total factors, other than reserve balances, absorbing reserve funds 875,877 + 1,937 + 35,869 877,200 Reserve balances with Federal Reserve Banks 8,928 + 701 - 2,619 14,829 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,693,958 + 8,328 + 216,132 1,694,425 U.S. Treasury 1,145,474 + 3,938 + 58,997 1,144,760 Federal agency 548,485 + 4,391 + 157,135 549,666 Securities lent to dealers 1,060 - 603 - 2,063 1,859 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 Nov 1, 2006 Oct 25, 2006 Nov 2, 2005 Assets Gold certificate account 11,037 0 + 1 Special drawing rights certificate account 2,200 0 0 Coin 834 + 3 + 107 Securities, repurchase agreements, and loans 795,114 - 3,479 + 39,872 Securities held outright 769,918 + 1,496 + 29,304 U.S. Treasury (1) 769,918 + 1,496 + 29,304 Bills (2) 277,019 0 + 6,238 Notes and bonds, nominal (2) 459,065 - 750 + 12,273 Notes and bonds, inflation-indexed (2) 29,611 + 2,181 + 9,628 Inflation compensation (3) 4,223 + 66 + 1,166 Federal agency (2) 0 0 0 Repurchase agreements (4) 25,000 - 5,000 + 10,500 Loans 197 + 25 + 68 Items in process of collection (1,656) 9,615 + 6,239 + 1,765 Bank premises 1,912 + 10 + 69 Other assets (5) 38,836 + 155 + 632 Total assets (1,656) 859,548 + 2,928 + 42,446 Liabilities Federal Reserve notes net of FR Bank holdings 760,089 + 1,620 + 25,566 Reverse repurchase agreements (6) 31,186 + 35 + 6,247 Deposits (0) 27,192 + 456 + 8,458 Depository institutions 21,771 + 765 + 7,958 U.S. Treasury, general account 5,007 - 339 + 508 Foreign official 91 + 1 - 15 Other (0) 323 + 30 + 7 Deferred availability cash items (1,656) 4,820 + 585 - 2,649 Other liabilities and accrued dividends (7) 5,561 + 31 + 1,530 Total liabilities (1,656) 828,849 + 2,728 + 39,153 Capital Accounts Capital paid in 15,113 + 14 + 1,658 Surplus 12,901 0 + 1,271 Other capital accounts 2,686 + 187 + 364 Total capital 30,700 + 200 + 3,294 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, November 1, 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 66 60,074 + 2,329 0 0 25,000 31,186 16 days to 90 days 131 154,842 - 9,154 0 0 0 0 91 days to 1 year 0 193,350 + 7,165 0 0 ------ ------ Over 1 to 5 years ------ 218,327 + 1,151 0 0 ------ ------ Over 5 to 10 years ------ 61,746 + 1 0 0 ------ ------ Over 10 years ------ 81,578 + 3 0 0 ------ ------ All 197 769,918 + 1,496 0 0 25,000 31,186 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 November 1, 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 834 23 46 61 77 80 106 96 38 30 62 81 134 Securities, repurchase agreements, and loans 795,114 36,739 309,967 33,427 33,245 63,957 64,462 70,763 24,463 15,689 22,587 34,556 85,260 Securities held outright 769,918 36,739 284,967 33,427 33,245 63,957 64,455 70,694 24,462 15,652 22,545 34,553 85,222 U.S. Treasury (1) 769,918 36,739 284,967 33,427 33,245 63,957 64,455 70,694 24,462 15,652 22,545 34,553 85,222 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) 492,899 23,520 182,435 21,400 21,283 40,945 41,264 45,258 15,660 10,020 14,433 22,121 54,559 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 25,000 0 25,000 0 0 0 0 0 0 0 0 0 0 Loans 197 0 0 0 0 0 7 69 1 38 42 3 37 Items in process of collection 11,271 368 180 848 4,524 445 1,471 609 292 242 731 509 1,052 Bank premises 1,912 115 207 57 157 162 231 209 75 116 146 259 177 Other assets(5) 38,836 1,239 14,028 1,837 2,302 6,961 2,746 2,767 766 710 733 964 3,782 Interdistrict settlement account 0 - 1,436 - 3,050 + 811 - 5,817 + 6,048 + 6,835 - 6,617 - 344 + 230 + 2,253 - 2,376 + 3,464 Total Assets 861,204 37,648 326,391 37,588 35,038 78,652 77,041 68,985 25,690 17,259 26,901 34,666 95,344 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 November 1, 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 941,405 37,866 345,580 38,848 36,917 75,288 95,404 77,510 27,339 17,504 28,435 50,642 110,071 Less: notes held by F.R. Banks 181,315 4,017 53,449 7,634 7,097 12,685 25,995 15,772 3,795 2,535 4,161 19,160 25,013 Federal Reserve notes, net 760,089 33,849 292,131 31,214 29,820 62,602 69,409 61,738 23,544 14,969 24,274 31,482 85,058 Reverse repurchase agreements (1) 31,186 1,488 11,543 1,354 1,347 2,591 2,611 2,863 991 634 913 1,400 3,452 Deposits 27,192 815 12,934 526 859 3,932 1,645 1,590 481 562 564 701 2,584 Depository institutions 21,771 813 7,649 523 856 3,818 1,642 1,587 480 561 562 700 2,579 U.S. Treasury, general account 5,007 0 5,007 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 323 0 216 0 0 104 0 0 1 0 1 0 1 Deferred availability cash items 6,476 417 145 1,096 499 659 662 498 140 385 592 382 1,001 Other liabilities and accrued dividends (2) 5,561 267 1,857 275 273 574 469 495 197 143 193 258 560 Total liabilities 830,504 36,835 318,608 34,465 32,798 70,358 74,796 67,185 25,353 16,692 26,537 34,222 92,655 Capital Capital paid in 15,113 390 3,722 1,811 1,099 4,082 1,089 848 165 276 175 209 1,248 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 2,686 106 376 568 127 905 263 76 28 46 15 83 93 Total liabilities and capital 861,204 37,648 326,391 37,588 35,038 78,652 77,041 68,985 25,690 17,259 26,901 34,666 95,344 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 Nov 1, 2006 Federal Reserve notes outstanding 941,405 Less: Notes held by F.R. Banks not subject to collateralization 181,315 Federal Reserve Notes to be collateralized 760,089 Collateral held against Federal Reserve notes 760,089 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 746,852 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 794,918 Less:face value of securities under reverse repurchase agreements 31,487 U.S. Treasury and agency securities eligible to be pledged 763,430 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.