FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 8, 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 Feb 7, 2007 Jan 31, 2007 Feb 8, 2006 Feb 7, 2007 Federal Reserve Banks Reserve Bank Credit 841,481 - 2,724 + 32,378 840,250 Securities held outright 778,871 + 3 + 30,044 778,876 U.S. Treasury (1) 778,871 + 3 + 30,044 778,876 Bills (2) 277,019 0 + 4,162 277,019 Notes and bonds, nominal (2) 466,675 - 1,019 + 16,095 466,675 Notes and bonds, inflation-indexed (2) 31,776 + 1,019 + 9,580 31,776 Inflation compensation (3) 3,401 + 3 + 207 3,406 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 22,393 - 3,107 + 2,357 19,750 Loans to depository institutions 21 - 189 - 12 23 Primary credit 1 - 188 - 4 0 Secondary credit 0 0 0 0 Seasonal credit 20 - 2 - 8 23 Float -452 + 490 - 332 717 Other Federal Reserve assets 40,648 + 80 + 320 40,884 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,303 + 14 + 1,445 38,303 Total factors supplying reserve funds 893,025 - 2,710 + 33,820 891,794 Currency in circulation(5) 802,449 + 1,606 + 17,997 804,987 Reverse repurchase agreements (6) 35,489 + 3,783 + 12,211 33,630 Foreign official and international accounts 35,489 + 3,783 + 12,211 33,630 Dealers 0 0 0 0 Treasury cash holdings 178 - 32 - 28 196 Deposits with F.R.Banks, other than reserve balances 12,385 + 117 - 1,831 12,512 U.S. Treasury, general account 5,097 + 42 - 263 5,255 Foreign official 89 - 1 + 6 90 Service-related 6,861 + 26 - 1,611 6,861 Required clearing balances 6,861 + 26 - 1,611 6,861 Adjustments to compensate for float 0 0 0 0 Other 337 + 50 + 35 306 Other liabilities and capital 37,126 - 291 + 5,849 36,801 Total factors, other than reserve balances, absorbing reserve funds 887,626 + 5,183 + 34,196 888,128 Reserve balances with Federal Reserve Banks 5,399 - 7,892 - 377 3,667 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,797,684 + 7,491 + 253,616 1,800,977 U.S. Treasury 1,180,647 + 7,344 + 75,968 1,178,446 Federal agency 617,037 + 147 + 177,648 622,531 Securities lent to dealers 2,819 + 1,530 + 563 816 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 Feb 7, 2007 Jan 31, 2007 Feb 8, 2006 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 1,040 - 29 + 210 Securities, repurchase agreements, and loans 798,649 - 13,540 + 30,280 Securities held outright 778,876 + 13 + 30,048 U.S. Treasury (1) 778,876 + 13 + 30,048 Bills (2) 277,019 0 + 4,151 Notes and bonds, nominal (2) 466,675 0 + 16,095 Notes and bonds, inflation-indexed (2) 31,776 0 + 9,580 Inflation compensation (3) 3,406 + 13 + 222 Federal agency (2) 0 0 0 Repurchase agreements (4) 19,750 - 12,250 + 250 Loans 23 - 1,303 - 18 Items in process of collection (893) 5,093 + 2,364 - 2,532 Bank premises 1,956 - 6 + 132 Other assets (5) 38,893 + 520 + 284 Total assets (893) 858,868 - 10,691 + 28,371 Liabilities Federal Reserve notes net of FR Bank holdings 767,917 + 2,331 + 16,910 Reverse repurchase agreements (6) 33,630 + 1,251 + 10,952 Deposits (0) 16,144 - 14,513 - 2,780 Depository institutions 10,492 - 13,736 - 4,121 U.S. Treasury, general account 5,255 - 798 + 1,282 Foreign official 90 0 + 8 Other (0) 306 + 21 + 50 Deferred availability cash items (893) 4,376 + 165 - 2,368 Other liabilities and accrued dividends (7) 5,619 + 51 + 1,423 Total liabilities (893) 827,686 - 10,714 + 24,137 Capital Accounts Capital paid in 15,361 + 3 + 1,788 Surplus 15,156 + 29 + 2,272 Other capital accounts 665 - 9 + 174 Total capital 31,182 + 23 + 4,234 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, February 7, 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 8 56,872 + 797 0 0 19,750 33,630 16 days to 90 days 16 169,234 - 300 0 0 0 0 91 days to 1 year 0 178,853 - 496 0 0 ------ ------ Over 1 to 5 years ------ 222,482 + 4 0 0 ------ ------ Over 5 to 10 years ------ 69,783 + 3 0 0 ------ ------ Over 10 years ------ 81,652 + 5 0 0 ------ ------ All 23 778,876 + 13 0 0 19,750 33,630 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 February 7, 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 11,037 486 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 1,040 40 69 64 100 104 118 121 44 43 81 100 158 Securities, repurchase agreements, and loans 798,649 37,174 308,033 33,815 33,632 64,701 65,205 71,521 24,746 15,844 22,808 34,955 86,214 Securities held outright 778,876 37,167 288,283 33,815 33,632 64,701 65,205 71,516 24,746 15,834 22,807 34,955 86,214 U.S. Treasury (1) 778,876 37,167 288,283 33,815 33,632 64,701 65,205 71,516 24,746 15,834 22,807 34,955 86,214 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) 501,857 23,948 185,751 21,789 21,670 41,689 42,014 46,080 15,945 10,202 14,695 22,523 55,551 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 19,750 0 19,750 0 0 0 0 0 0 0 0 0 0 Loans 23 8 0 0 0 0 0 5 0 10 1 0 0 Items in process of collection 5,986 218 68 615 918 551 609 345 154 279 449 480 1,301 Bank premises 1,956 117 211 58 157 169 231 206 80 116 167 259 184 Other assets(5) 38,893 1,354 12,336 3,163 2,244 6,988 3,208 2,699 812 739 747 1,075 3,528 Interdistrict settlement account 0 - 748 -22,153 - 1,051 - 3,808 + 2,632 +11,093 - 2,104 + 5,876 - 506 + 4,278 + 2,485 + 4,007 Total Assets 859,761 38,757 303,577 37,210 33,792 76,144 81,654 73,946 32,111 16,755 28,920 40,027 96,867 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 February 7, 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 961,002 39,103 341,205 38,164 36,114 75,263 100,885 82,291 29,193 17,394 30,804 56,670 113,917 Less: notes held by F.R. Banks 193,086 3,963 62,786 7,428 7,393 12,902 26,963 15,067 3,232 2,565 4,255 19,964 26,568 Federal Reserve notes, net 767,917 35,141 278,419 30,735 28,721 62,361 73,921 67,224 25,962 14,829 26,549 36,705 87,349 Reverse repurchase agreements (1) 33,630 1,605 12,448 1,460 1,452 2,794 2,815 3,088 1,068 684 985 1,509 3,723 Deposits 16,144 507 3,050 532 795 1,548 1,188 1,060 4,396 286 388 678 1,716 Depository institutions 10,492 503 1,548 525 792 1,448 1,185 1,057 374 285 387 676 1,713 U.S. Treasury, general account 5,255 0 5,255 0 0 0 0 0 0 0 0 0 0 Foreign official 90 1 60 5 3 11 3 2 0 1 0 1 3 Other 306 3 -3,813 2 0 89 0 0 4,021 0 1 2 0 Deferred availability cash items 5,269 420 112 783 344 611 593 293 119 242 436 404 913 Other liabilities and accrued dividends (2) 5,619 261 1,813 261 271 606 529 507 213 148 190 275 545 Total liabilities 828,579 37,934 295,841 33,771 31,583 67,920 79,047 72,172 31,758 16,188 28,547 39,572 94,246 Capital Capital paid in 15,361 396 3,725 1,810 1,089 4,093 1,275 859 168 277 178 213 1,277 Surplus 15,156 396 3,738 1,630 1,087 4,094 1,276 858 166 276 176 212 1,247 Other capital 665 31 273 0 33 37 56 57 19 14 18 30 97 Total liabilities and capital 859,761 38,757 303,577 37,210 33,792 76,144 81,654 73,946 32,111 16,755 28,920 40,027 96,867 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 Feb 7, 2007 Federal Reserve notes outstanding 961,002 Less: Notes held by F.R. Banks not subject to collateralization 193,086 Federal Reserve Notes to be collateralized 767,917 Collateral held against Federal Reserve notes 767,917 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 754,680 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 798,626 Less:face value of securities under reverse repurchase agreements 33,683 U.S. Treasury and agency securities eligible to be pledged 764,943 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.