FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 9, 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 8, 2006 Nov 1, 2006 Nov 9, 2005 Nov 8, 2006 Federal Reserve Banks Reserve Bank Credit 835,238 + 1,813 + 35,914 844,122 Securities held outright 769,971 + 1,320 + 28,935 770,425 U.S. Treasury (1) 769,971 + 1,320 + 28,935 770,425 Bills (2) 277,019 0 + 6,200 277,019 Notes and bonds, nominal (2) 459,065 - 332 + 11,930 459,065 Notes and bonds, inflation-indexed (2) 29,681 + 1,628 + 9,698 30,105 Inflation compensation (3) 4,206 + 24 + 1,108 4,236 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 23,536 + 1,107 + 5,679 31,500 Loans to depository institutions 169 - 3 + 50 318 Primary credit 45 + 24 + 42 196 Secondary credit 0 0 0 0 Seasonal credit 124 - 28 + 8 122 Float 631 - 603 + 396 714 Other Federal Reserve assets 40,931 - 9 + 853 41,165 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,154 + 14 + 1,698 38,154 Total factors supplying reserve funds 886,633 + 1,827 + 37,612 895,517 Currency in circulation(5) 797,352 + 2,607 + 26,474 800,311 Reverse repurchase agreements (6) 32,165 + 207 + 7,206 31,487 Foreign official and international accounts 32,165 + 207 + 7,206 31,487 Dealers 0 0 0 0 Treasury cash holdings 190 + 9 - 35 183 Deposits with F.R.Banks, other than reserve balances 12,337 + 33 - 1,799 11,985 U.S. Treasury, general account 5,034 + 52 + 32 4,624 Foreign official 100 + 11 + 15 155 Service-related 6,931 - 1 - 1,849 6,931 Required clearing balances 6,931 - 1 - 1,849 6,931 Adjustments to compensate for float 0 0 0 0 Other 272 - 28 + 2 275 Other liabilities and capital 36,637 - 51 + 5,063 36,213 Total factors, other than reserve balances, absorbing reserve funds 878,681 + 2,804 + 36,908 880,180 Reserve balances with Federal Reserve Banks 7,952 - 978 + 704 15,337 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,696,064 + 2,106 + 218,251 1,700,827 U.S. Treasury 1,144,634 - 840 + 60,700 1,148,020 Federal agency 551,430 + 2,945 + 157,551 552,807 Securities lent to dealers 1,650 + 590 - 2,693 1,628 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 8, 2006 Nov 1, 2006 Nov 9, 2005 Assets Gold certificate account 11,037 0 + 1 Special drawing rights certificate account 2,200 0 0 Coin 847 + 13 + 117 Securities, repurchase agreements, and loans 802,243 + 7,129 + 35,895 Securities held outright 770,425 + 507 + 28,708 U.S. Treasury (1) 770,425 + 507 + 28,708 Bills (2) 277,019 0 + 6,001 Notes and bonds, nominal (2) 459,065 0 + 11,473 Notes and bonds, inflation-indexed (2) 30,105 + 494 + 10,122 Inflation compensation (3) 4,236 + 13 + 1,114 Federal agency (2) 0 0 0 Repurchase agreements (4) 31,500 + 6,500 + 7,000 Loans 318 + 121 + 187 Items in process of collection (1,404) 5,164 - 4,451 - 1,943 Bank premises 1,904 - 8 + 62 Other assets (5) 39,244 + 408 + 956 Total assets (1,404) 862,639 + 3,091 + 35,087 Liabilities Federal Reserve notes net of FR Bank holdings 763,183 + 3,094 + 23,573 Reverse repurchase agreements (6) 31,487 + 301 + 6,466 Deposits (0) 27,306 + 114 + 2,129 Depository institutions 22,252 + 481 + 2,809 U.S. Treasury, general account 4,624 - 383 - 764 Foreign official 155 + 64 + 72 Other (0) 275 - 48 + 11 Deferred availability cash items (1,404) 4,450 - 370 - 1,948 Other liabilities and accrued dividends (7) 5,610 + 49 + 1,513 Total liabilities (1,404) 832,036 + 3,187 + 31,732 Capital Accounts Capital paid in 15,296 + 183 + 1,850 Surplus 12,901 0 + 1,276 Other capital accounts 2,406 - 280 + 229 Total capital 30,603 - 97 + 3,355 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 8, 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 207 42,894 - 17,180 0 0 31,500 31,487 16 days to 90 days 112 178,195 + 23,353 0 0 0 0 91 days to 1 year 0 187,174 - 6,176 0 0 ------ ------ Over 1 to 5 years ------ 218,530 + 203 0 0 ------ ------ Over 5 to 10 years ------ 62,057 + 311 0 0 ------ ------ Over 10 years ------ 81,575 - 3 0 0 ------ ------ All 318 770,425 + 507 0 0 31,500 31,487 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 8, 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 847 23 44 62 77 82 108 97 39 32 63 81 139 Securities, repurchase agreements, and loans 802,243 36,840 316,767 33,449 33,267 63,999 64,503 70,797 24,478 15,699 22,586 34,578 85,278 Securities held outright 770,425 36,763 285,155 33,449 33,267 63,999 64,497 70,740 24,478 15,662 22,560 34,576 85,278 U.S. Treasury (1) 770,425 36,763 285,155 33,449 33,267 63,999 64,497 70,740 24,478 15,662 22,560 34,576 85,278 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) 493,406 23,545 182,623 21,422 21,305 40,987 41,306 45,304 15,676 10,031 14,448 22,143 54,615 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 31,500 0 31,500 0 0 0 0 0 0 0 0 0 0 Loans 318 77 112 0 0 0 6 57 1 37 26 3 0 Items in process of collection 6,569 233 96 890 750 376 881 267 307 256 806 577 1,129 Bank premises 1,904 115 207 57 157 162 231 209 75 116 137 259 177 Other assets(5) 39,244 1,259 14,182 1,854 2,305 6,989 2,798 2,806 780 721 745 987 3,819 Interdistrict settlement account 0 - 930 - 8,350 + 748 - 1,995 + 4,295 + 8,735 - 6,356 - 306 - 57 + 2,081 - 1,121 + 3,255 Total Assets 864,043 38,142 327,960 37,605 35,110 76,904 78,445 68,980 25,773 17,008 26,808 36,035 95,274 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 8, 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 943,413 38,217 345,246 38,961 36,822 75,260 95,394 77,834 27,332 17,525 28,742 51,771 110,309 Less: notes held by F.R. Banks 180,230 3,915 53,758 7,459 7,018 12,432 25,495 15,652 3,702 2,474 4,370 18,954 24,999 Federal Reserve notes, net 763,183 34,302 291,488 31,502 29,804 62,828 69,899 62,182 23,630 15,050 24,372 32,817 85,310 Reverse repurchase agreements (1) 31,487 1,503 11,654 1,367 1,360 2,616 2,636 2,891 1,000 640 922 1,413 3,485 Deposits 27,306 909 15,134 384 815 2,156 2,470 1,260 443 294 480 728 2,233 Depository institutions 22,252 908 10,216 382 812 2,041 2,467 1,257 442 293 479 727 2,228 U.S. Treasury, general account 4,624 0 4,624 0 0 0 0 0 0 0 0 0 0 Foreign official 155 1 126 2 3 11 3 3 0 1 1 0 4 Other 275 0 168 0 0 104 0 0 1 0 1 0 1 Deferred availability cash items 5,855 351 133 934 622 525 550 375 153 315 491 372 1,033 Other liabilities and accrued dividends (2) 5,610 272 1,871 275 276 578 480 501 198 146 185 262 566 Total liabilities 833,441 37,336 320,281 34,461 32,877 68,704 76,034 67,209 25,425 16,444 26,450 35,592 92,627 Capital Capital paid in 15,296 390 3,722 1,811 1,106 4,084 1,273 845 166 276 175 209 1,238 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 2,406 99 271 588 113 809 245 50 38 43 8 81 60 Total liabilities and capital 864,043 38,142 327,960 37,605 35,110 76,904 78,445 68,980 25,773 17,008 26,808 36,035 95,274 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 8, 2006 Federal Reserve notes outstanding 943,413 Less: Notes held by F.R. Banks not subject to collateralization 180,230 Federal Reserve Notes to be collateralized 763,183 Collateral held against Federal Reserve notes 763,183 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 749,946 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 801,925 Less:face value of securities under reverse repurchase agreements 31,762 U.S. Treasury and agency securities eligible to be pledged 770,163 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.