FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 16, 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 15, 2006 Nov 8, 2006 Nov 16, 2005 Nov 15, 2006 Federal Reserve Banks Reserve Bank Credit 834,832 - 405 + 25,961 841,179 Securities held outright 770,352 + 381 + 28,277 770,050 U.S. Treasury (1) 770,352 + 381 + 28,277 770,050 Bills (2) 277,019 0 + 6,001 277,019 Notes and bonds, nominal (2) 459,017 - 48 + 11,111 458,730 Notes and bonds, inflation-indexed (2) 30,105 + 424 + 10,122 30,105 Inflation compensation (3) 4,211 + 5 + 1,043 4,197 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 25,786 + 2,250 + 179 35,250 Loans to depository institutions 122 - 47 - 30 118 Primary credit 3 - 42 - 43 1 Secondary credit 0 0 0 0 Seasonal credit 118 - 6 + 12 117 Float -466 - 1,097 - 2,161 -482 Other Federal Reserve assets 39,039 - 1,892 - 304 36,243 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,168 + 14 + 1,684 38,168 Total factors supplying reserve funds 886,241 - 392 + 27,645 892,588 Currency in circulation(5) 799,936 + 2,584 + 23,693 802,118 Reverse repurchase agreements (6) 32,475 + 310 + 6,918 32,764 Foreign official and international accounts 32,475 + 310 + 6,918 32,764 Dealers 0 0 0 0 Treasury cash holdings 182 - 8 - 37 177 Deposits with F.R.Banks, other than reserve balances 12,186 - 151 - 1,527 12,033 U.S. Treasury, general account 4,960 - 74 + 438 4,820 Foreign official 91 - 9 + 3 92 Service-related 6,827 - 104 - 2,014 6,827 Required clearing balances 6,807 - 124 - 2,018 6,807 Adjustments to compensate for float 20 + 20 + 4 20 Other 308 + 36 + 46 294 Other liabilities and capital 34,737 - 1,900 + 2,996 34,616 Total factors, other than reserve balances, absorbing reserve funds 879,516 + 835 + 32,043 881,707 Reserve balances with Federal Reserve Banks 6,725 - 1,227 - 4,398 10,882 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,703,724 + 7,660 + 215,665 1,705,897 U.S. Treasury 1,149,584 + 4,950 + 58,739 1,149,474 Federal agency 554,140 + 2,710 + 156,926 556,423 Securities lent to dealers 614 - 1,036 - 2,375 2,454 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 15, 2006 Nov 8, 2006 Nov 16, 2005 Assets Gold certificate account 11,037 0 + 1 Special drawing rights certificate account 2,200 0 0 Coin 833 - 14 + 105 Securities, repurchase agreements, and loans 805,418 + 3,175 + 42,433 Securities held outright 770,050 - 375 + 27,172 U.S. Treasury (1) 770,050 - 375 + 27,172 Bills (2) 277,019 0 + 6,001 Notes and bonds, nominal (2) 458,730 - 335 + 10,042 Notes and bonds, inflation-indexed (2) 30,105 0 + 10,122 Inflation compensation (3) 4,197 - 39 + 1,009 Federal agency (2) 0 0 0 Repurchase agreements (4) 35,250 + 3,750 + 15,250 Loans 118 - 200 + 11 Items in process of collection (1,010) 3,876 - 1,288 - 8,093 Bank premises 1,909 + 5 + 68 Other assets (5) 34,289 - 4,955 - 837 Total assets (1,010) 859,562 - 3,077 + 33,677 Liabilities Federal Reserve notes net of FR Bank holdings 764,955 + 1,772 + 23,664 Reverse repurchase agreements (6) 32,764 + 1,277 + 7,446 Deposits (0) 22,869 - 4,437 + 3,151 Depository institutions 17,664 - 4,588 + 2,703 U.S. Treasury, general account 4,820 + 196 + 404 Foreign official 92 - 63 + 11 Other (0) 294 + 19 + 33 Deferred availability cash items (1,010) 4,358 - 92 - 3,650 Other liabilities and accrued dividends (7) 5,937 + 327 + 1,788 Total liabilities (1,010) 830,884 - 1,152 + 32,400 Capital Accounts Capital paid in 15,289 - 7 + 1,831 Surplus 10,554 - 2,347 - 1,076 Other capital accounts 2,835 + 429 + 521 Total capital 28,678 - 1,925 + 1,276 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 15, 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 32 57,985 + 15,091 0 0 35,250 32,764 16 days to 90 days 86 155,219 - 22,976 0 0 0 0 91 days to 1 year 0 193,265 + 6,091 0 0 ------ ------ Over 1 to 5 years ------ 217,679 - 851 0 0 ------ ------ Over 5 to 10 years ------ 62,048 - 9 0 0 ------ ------ Over 10 years ------ 83,853 + 2,278 0 0 ------ ------ All 118 770,050 - 375 0 0 35,250 32,764 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 15, 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 833 25 44 60 74 81 103 98 39 30 64 78 136 Securities, repurchase agreements, and loans 805,418 36,748 320,267 33,432 33,251 63,968 64,474 70,757 24,466 15,689 22,568 34,561 85,238 Securities held outright 770,050 36,746 285,017 33,432 33,251 63,968 64,466 70,706 24,466 15,655 22,549 34,559 85,237 U.S. Treasury (1) 770,050 36,746 285,017 33,432 33,251 63,968 64,466 70,706 24,466 15,655 22,549 34,559 85,237 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) 493,032 23,527 182,484 21,405 21,289 40,956 41,275 45,270 15,664 10,023 14,437 22,127 54,574 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 35,250 0 35,250 0 0 0 0 0 0 0 0 0 0 Loans 118 2 0 0 0 0 8 51 1 34 19 3 1 Items in process of collection 4,885 156 168 676 357 356 564 185 171 253 544 372 1,085 Bank premises 1,909 115 207 58 157 164 231 209 75 116 137 259 179 Other assets(5) 34,289 1,122 11,095 1,731 2,181 6,754 2,501 2,534 696 659 661 854 3,500 Interdistrict settlement account 0 - 487 -15,629 + 1,039 - 1,480 + 7,030 + 8,416 - 5,335 + 20 + 168 + 2,577 - 89 + 3,769 Total Assets 860,571 38,279 321,166 37,542 35,090 79,353 77,478 69,607 25,867 17,157 26,941 36,709 95,383 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 15, 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 945,589 38,439 344,971 39,084 36,779 75,242 95,481 78,252 27,330 17,578 28,747 52,962 110,725 Less: notes held by F.R. Banks 180,634 3,854 53,853 7,756 7,028 12,261 25,631 15,487 3,643 2,421 4,335 19,391 24,973 Federal Reserve notes, net 764,955 34,584 291,118 31,328 29,751 62,981 69,850 62,765 23,687 15,157 24,412 33,571 85,753 Reverse repurchase agreements (1) 32,764 1,563 12,127 1,422 1,415 2,722 2,743 3,008 1,041 666 959 1,470 3,627 Deposits 22,869 754 9,946 465 925 4,286 1,399 1,294 447 293 523 661 1,876 Depository institutions 17,664 743 4,898 463 887 4,177 1,396 1,291 430 292 522 694 1,871 U.S. Treasury, general account 4,820 0 4,820 0 0 0 0 0 0 0 0 0 0 Foreign official 92 1 64 2 3 11 3 3 0 1 1 0 4 Other 294 10 165 0 35 98 0 0 17 0 1 -33 0 Deferred availability cash items 5,367 298 184 880 505 544 551 261 121 333 495 291 904 Other liabilities and accrued dividends (2) 5,937 279 1,940 297 294 642 494 541 220 154 192 295 589 Total liabilities 831,893 37,478 315,314 34,392 32,889 71,174 75,037 67,869 25,516 16,604 26,582 36,290 92,748 Capital Capital paid in 15,289 390 3,727 1,811 1,086 4,084 1,274 846 166 276 175 210 1,243 Surplus 10,554 309 1,604 723 996 3,238 872 838 124 235 166 121 1,328 Other capital 2,835 102 520 615 119 857 295 54 60 42 18 88 65 Total liabilities and capital 860,571 38,279 321,166 37,542 35,090 79,353 77,478 69,607 25,867 17,157 26,941 36,709 95,383 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 15, 2006 Federal Reserve notes outstanding 945,589 Less: Notes held by F.R. Banks not subject to collateralization 180,634 Federal Reserve Notes to be collateralized 764,955 Collateral held against Federal Reserve notes 764,955 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 751,719 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 805,300 Less:face value of securities under reverse repurchase agreements 32,821 U.S. Treasury and agency securities eligible to be pledged 772,480 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.