FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks May 3, 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 May 2, 2007 Apr 25, 2007 May 3, 2006 May 2, 2007 Federal Reserve Banks Reserve Bank Credit 866,926 + 16,947 + 43,871 875,167 Securities held outright 787,183 + 2,396 + 27,489 787,210 U.S. Treasury (1) 787,183 + 2,396 + 27,489 787,210 Bills (2) 277,019 0 + 1,649 277,019 Notes and bonds, nominal (2) 473,150 + 1,436 + 14,877 471,936 Notes and bonds, inflation-indexed (2) 33,245 + 909 + 10,599 34,459 Inflation compensation (3) 3,769 + 50 + 365 3,796 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 38,750 + 13,786 + 13,679 48,000 Loans to depository institutions 66 - 49 - 72 76 Primary credit 6 - 55 - 19 3 Secondary credit 0 0 0 0 Seasonal credit 60 + 5 - 53 73 Float -297 + 650 + 2,756 -1,135 Other Federal Reserve assets 41,225 + 166 + 20 41,017 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,431 + 14 + 495 38,431 Total factors supplying reserve funds 918,598 + 16,961 + 44,366 926,839 Currency in circulation(5) 807,377 + 163 + 15,586 809,251 Reverse repurchase agreements (6) 40,111 + 6,031 + 15,740 41,421 Foreign official and international accounts 35,754 + 1,674 + 11,383 35,671 Dealers 4,357 + 4,357 + 4,357 5,750 Treasury cash holdings 296 - 9 + 115 275 Deposits with F.R.Banks, other than reserve balances 21,782 + 8,334 + 9,330 32,231 U.S. Treasury, general account 14,887 + 8,353 + 9,521 25,350 Foreign official 93 + 1 - 5 93 Service-related 6,510 - 45 - 186 6,510 Required clearing balances 6,510 - 45 - 186 6,510 Adjustments to compensate for float 0 0 0 0 Other 292 + 26 - 1 278 Other liabilities and capital 38,834 - 207 + 5,114 38,317 Total factors, other than reserve balances, absorbing reserve funds 908,400 + 14,313 + 45,884 921,495 Reserve balances with Federal Reserve Banks 10,198 + 2,647 - 1,519 5,345 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,926,764 + 8,642 + 314,919 1,929,244 U.S. Treasury 1,227,308 - 709 + 108,223 1,227,729 Federal agency 699,456 + 9,351 + 206,696 701,515 Securities lent to dealers 3,247 + 589 + 1,576 3,639 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 May 2, 2007 Apr 25, 2007 May 3, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,073 + 54 + 270 Securities, repurchase agreements, and loans 835,286 + 10,080 + 49,696 Securities held outright 787,210 + 61 + 27,506 U.S. Treasury (1) 787,210 + 61 + 27,506 Bills (2) 277,019 0 + 1,649 Notes and bonds, nominal (2) 471,936 - 2,123 + 13,663 Notes and bonds, inflation-indexed (2) 34,459 + 2,123 + 11,813 Inflation compensation (3) 3,796 + 60 + 381 Federal agency (2) 0 0 0 Repurchase agreements (4) 48,000 + 10,000 + 22,250 Loans 76 + 19 - 59 Items in process of collection (1,515) 3,984 + 1,277 - 2,378 Bank premises 2,003 + 13 + 168 Other assets (5) 39,032 - 270 - 154 Total assets (1,515) 894,615 + 11,154 + 47,601 Liabilities Federal Reserve notes net of FR Bank holdings 772,163 + 732 + 14,948 Reverse repurchase agreements (6) 41,421 + 7,396 + 16,943 Deposits (0) 37,594 + 2,612 + 12,545 Depository institutions 11,873 - 10,493 - 7,535 U.S. Treasury, general account 25,350 + 13,100 + 20,135 Foreign official 93 + 1 - 23 Other (0) 278 + 4 - 32 Deferred availability cash items (1,515) 5,120 + 588 - 1,989 Other liabilities and accrued dividends (7) 5,892 + 55 + 1,246 Total liabilities (1,515) 862,190 + 11,383 + 43,694 Capital Accounts Capital paid in 15,875 + 3 + 2,050 Surplus 15,374 + 12 + 2,473 Other capital accounts 1,176 - 243 - 616 Total capital 32,425 - 228 + 3,907 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, May 2, 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 10 65,945 + 3,174 0 0 48,000 41,421 16 days to 90 days 66 164,712 - 4,995 0 0 0 0 91 days to 1 year 0 171,410 - 3,297 0 0 ------ ------ Over 1 to 5 years ------ 234,977 + 5,144 0 0 ------ ------ Over 5 to 10 years ------ 66,901 + 14 0 0 ------ ------ Over 10 years ------ 83,265 + 21 0 0 ------ ------ All 76 787,210 + 61 0 0 48,000 41,421 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 May 2, 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 11,037 449 4,053 455 428 869 1,117 903 326 203 335 613 1,286 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,073 47 71 69 112 97 120 127 47 47 80 102 156 Securities, repurchase agreements, and loans 835,286 38,497 302,427 36,950 34,179 72,364 77,466 70,088 26,706 16,671 27,048 36,696 96,192 Securities held outright 787,210 36,279 285,047 34,826 32,215 68,206 73,012 66,029 25,160 15,707 25,483 34,587 90,660 U.S. Treasury (1) 787,210 36,279 285,047 34,826 32,215 68,206 73,012 66,029 25,160 15,707 25,483 34,587 90,660 Bills (2) 277,019 12,767 100,308 12,255 11,336 24,001 25,693 23,235 8,854 5,527 8,967 12,171 31,903 Notes and bonds(3) 510,191 23,513 184,739 22,571 20,879 44,204 47,319 42,793 16,306 10,179 16,515 22,416 58,757 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 48,000 2,212 17,381 2,124 1,964 4,159 4,452 4,026 1,534 958 1,554 2,109 5,528 Loans 76 6 0 0 0 0 2 33 12 7 12 0 4 Items in process of collection 5,499 278 31 466 677 857 525 381 140 272 482 742 648 Bank premises 2,003 117 212 57 156 171 231 208 87 115 201 260 190 Other assets(5) 39,032 1,320 12,174 3,237 2,226 7,187 3,348 2,563 806 737 791 1,045 3,599 Interdistrict settlement account 0 - 3,086 + 9,730 - 2,681 - 5,076 - 160 + 4,189 - 147 - 71 - 1,154 + 750 + 749 - 3,044 Total Assets 896,130 37,738 329,571 38,636 32,807 81,533 87,161 74,335 28,111 16,921 29,752 40,304 99,260 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 May 2, 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 967,274 38,286 340,041 38,319 35,945 78,309 107,715 81,048 29,424 17,309 30,598 57,559 112,722 Less: notes held by F.R. Banks 195,111 4,320 63,414 6,626 8,507 12,892 29,501 14,338 3,676 2,507 3,875 21,428 24,027 Federal Reserve notes, net 772,163 33,966 276,626 31,693 27,438 65,417 78,214 66,710 25,748 14,802 26,723 36,132 88,695 Reverse repurchase agreements (1) 41,421 1,909 14,998 1,832 1,695 3,589 3,842 3,474 1,324 826 1,341 1,820 4,770 Deposits 37,594 414 27,311 382 592 2,580 1,332 1,525 317 224 427 728 1,762 Depository institutions 11,873 412 1,714 378 589 2,488 1,329 1,523 310 219 426 727 1,758 U.S. Treasury, general account 25,350 0 25,350 0 0 0 0 0 0 0 0 0 0 Foreign official 93 1 63 5 3 11 3 2 0 1 0 1 3 Other 278 1 184 0 0 82 0 0 6 4 1 0 0 Deferred availability cash items 6,634 372 140 811 642 1,103 514 340 145 275 671 771 852 Other liabilities and accrued dividends (2) 5,892 258 1,825 288 278 764 577 479 215 150 210 273 574 Total liabilities 863,705 36,919 320,900 35,007 30,644 73,453 84,480 72,528 27,749 16,277 29,373 39,723 96,652 Capital Capital paid in 15,875 397 4,220 1,810 1,064 3,972 1,317 877 172 317 180 278 1,272 Surplus 15,374 396 3,771 1,810 1,087 4,095 1,276 859 166 276 176 213 1,247 Other capital 1,176 26 680 9 12 13 87 71 24 52 23 90 89 Total liabilities and capital 896,130 37,738 329,571 38,636 32,807 81,533 87,161 74,335 28,111 16,921 29,752 40,304 99,260 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 May 2, 2007 Federal Reserve notes outstanding 967,274 Less: Notes held by F.R. Banks not subject to collateralization 195,111 Federal Reserve Notes to be collateralized 772,163 Collateral held against Federal Reserve notes 772,163 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 758,926 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 835,210 Less:face value of securities under reverse repurchase agreements 41,487 U.S. Treasury and agency securities eligible to be pledged 793,723 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.