FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks March 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 Mar 7, 2007 Feb 28, 2007 Mar 8, 2006 Mar 7, 2007 Federal Reserve Banks Reserve Bank Credit 851,757 - 1,710 + 36,379 849,523 Securities held outright 780,809 + 1,362 + 25,857 780,818 U.S. Treasury (1) 780,809 + 1,362 + 25,857 780,818 Bills (2) 277,019 0 + 2,877 277,019 Notes and bonds, nominal (2) 468,553 + 1,341 + 13,083 468,553 Notes and bonds, inflation-indexed (2) 31,776 0 + 9,580 31,776 Inflation compensation (3) 3,461 + 20 + 317 3,470 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 33,357 - 2,929 + 7,678 31,250 Loans to depository institutions 32 - 1 - 30 43 Primary credit 8 - 3 - 12 16 Secondary credit 0 0 0 0 Seasonal credit 24 + 3 - 18 27 Float -692 - 252 - 1,542 -1,040 Other Federal Reserve assets 38,252 + 111 + 4,417 38,452 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,332 + 14 + 506 38,332 Total factors supplying reserve funds 903,330 - 1,695 + 36,881 901,095 Currency in circulation(5) 806,892 + 240 + 17,824 807,997 Reverse repurchase agreements (6) 38,629 - 83 + 14,412 37,788 Foreign official and international accounts 38,629 - 83 + 14,412 37,788 Dealers 0 0 0 0 Treasury cash holdings 205 + 4 + 18 217 Deposits with F.R.Banks, other than reserve balances 11,778 + 23 - 1,748 11,483 U.S. Treasury, general account 4,725 + 51 - 303 4,449 Foreign official 92 + 1 + 7 96 Service-related 6,689 - 49 - 1,454 6,689 Required clearing balances 6,689 - 49 - 1,454 6,689 Adjustments to compensate for float 0 0 0 0 Other 271 + 19 + 2 250 Other liabilities and capital 38,655 + 586 + 6,141 38,307 Total factors, other than reserve balances, absorbing reserve funds 896,160 + 770 + 36,648 895,792 Reserve balances with Federal Reserve Banks 7,170 - 2,465 + 233 5,304 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,848,404 + 15,034 + 256,698 1,852,372 U.S. Treasury 1,209,870 + 9,357 + 73,269 1,211,761 Federal agency 638,534 + 5,678 + 183,428 640,611 Securities lent to dealers 2,205 - 177 + 385 1,272 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 Mar 7, 2007 Feb 28, 2007 Mar 8, 2006 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 977 - 8 + 157 Securities, repurchase agreements, and loans 812,111 - 13,954 + 29,992 Securities held outright 780,818 + 25 + 25,242 U.S. Treasury (1) 780,818 + 25 + 25,242 Bills (2) 277,019 0 + 2,877 Notes and bonds, nominal (2) 468,553 0 + 12,476 Notes and bonds, inflation-indexed (2) 31,776 0 + 9,580 Inflation compensation (3) 3,470 + 24 + 310 Federal agency (2) 0 0 0 Repurchase agreements (4) 31,250 - 14,000 + 4,750 Loans 43 + 21 0 Items in process of collection (1,180) 3,582 + 542 - 4,529 Bank premises 1,969 - 5 + 148 Other assets (5) 36,501 + 535 + 294 Total assets (1,180) 868,376 - 12,891 + 26,057 Liabilities Federal Reserve notes net of FR Bank holdings 770,855 - 103 + 17,067 Reverse repurchase agreements (6) 37,788 - 1,857 + 13,978 Deposits (0) 16,805 - 11,659 - 8,917 Depository institutions 12,010 - 10,896 - 8,546 U.S. Treasury, general account 4,449 - 745 - 402 Foreign official 96 + 5 + 10 Other (0) 250 - 24 + 20 Deferred availability cash items (1,180) 4,622 + 569 - 2,260 Other liabilities and accrued dividends (7) 5,801 + 104 + 1,335 Total liabilities (1,180) 835,870 - 12,947 + 21,202 Capital Accounts Capital paid in 15,960 + 7 + 2,230 Surplus 15,316 + 34 + 2,415 Other capital accounts 1,230 + 16 + 211 Total capital 32,506 + 56 + 4,856 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, March 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 21 53,269 - 992 0 0 31,250 37,788 16 days to 90 days 22 179,493 + 8,490 0 0 0 0 91 days to 1 year 0 174,455 - 2,812 0 0 ------ ------ Over 1 to 5 years ------ 224,564 - 4,678 0 0 ------ ------ Over 5 to 10 years ------ 66,533 + 7 0 0 ------ ------ Over 10 years ------ 82,504 + 10 0 0 ------ ------ All 43 780,818 + 25 0 0 31,250 37,788 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 March 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 977 39 66 66 98 96 104 116 41 40 72 94 145 Securities, repurchase agreements, and loans 812,111 38,756 300,575 35,257 35,065 67,459 67,984 74,574 25,801 16,518 23,782 36,453 89,888 Securities held outright 780,818 37,259 289,002 33,900 33,715 64,863 65,368 71,695 24,808 15,874 22,864 35,042 86,429 U.S. Treasury (1) 780,818 37,259 289,002 33,900 33,715 64,863 65,368 71,695 24,808 15,874 22,864 35,042 86,429 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) 503,799 24,040 186,470 21,873 21,754 41,851 42,176 46,259 16,007 10,242 14,752 22,610 55,766 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 31,250 1,491 11,566 1,357 1,349 2,596 2,616 2,869 993 635 915 1,402 3,459 Loans 43 5 7 0 0 0 0 11 0 9 3 8 0 Items in process of collection 4,762 248 68 274 519 577 565 195 124 339 436 456 961 Bank premises 1,969 117 210 57 157 170 231 206 81 116 178 259 187 Other assets(5) 36,501 1,227 11,355 3,199 2,136 6,858 2,988 2,465 709 688 669 953 3,253 Interdistrict settlement account 0 - 2,607 - 8,067 - 1,720 - 4,563 + 847 +13,078 - 4,463 + 855 - 832 + 3,662 + 1,760 + 2,050 Total Assets 869,556 38,381 309,221 37,678 33,961 77,007 86,138 74,253 28,011 17,110 29,189 40,647 97,960 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 March 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 963,677 38,931 340,914 37,867 36,047 74,756 104,902 82,171 29,350 17,339 30,798 57,051 113,550 Less: notes held by F.R. Banks 192,822 4,344 63,610 6,890 7,449 13,122 26,899 14,961 3,562 2,482 4,204 20,070 25,228 Federal Reserve notes, net 770,855 34,586 277,304 30,977 28,598 61,634 78,003 67,210 25,788 14,858 26,594 36,981 88,322 Reverse repurchase agreements (1) 37,788 1,803 13,986 1,641 1,632 3,139 3,163 3,470 1,201 768 1,107 1,696 4,183 Deposits 16,805 515 7,243 440 628 2,737 1,136 929 332 386 423 634 1,401 Depository institutions 12,010 506 2,568 435 625 2,661 1,132 927 319 385 421 633 1,398 U.S. Treasury, general account 4,449 0 4,449 0 0 0 0 0 0 0 0 0 0 Foreign official 96 1 65 5 3 11 3 2 0 1 0 1 3 Other 250 8 161 0 1 66 0 0 12 0 1 0 0 Deferred availability cash items 5,802 386 106 749 611 598 684 343 119 305 496 515 889 Other liabilities and accrued dividends (2) 5,801 266 1,857 273 279 667 540 516 217 154 195 280 558 Total liabilities 837,050 37,556 300,497 34,079 31,748 68,774 83,526 72,468 27,656 16,470 28,814 40,107 95,354 Capital Capital paid in 15,960 395 4,219 1,810 1,090 4,111 1,279 861 168 317 179 266 1,266 Surplus 15,316 396 3,738 1,788 1,087 4,094 1,276 859 166 276 176 212 1,247 Other capital 1,230 34 767 0 37 28 57 65 20 47 20 62 94 Total liabilities and capital 869,556 38,381 309,221 37,678 33,961 77,007 86,138 74,253 28,011 17,110 29,189 40,647 97,960 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 Mar 7, 2007 Federal Reserve notes outstanding 963,677 Less: Notes held by F.R. Banks not subject to collateralization 192,822 Federal Reserve Notes to be collateralized 770,855 Collateral held against Federal Reserve notes 770,855 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 757,618 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 812,068 Less:face value of securities under reverse repurchase agreements 37,856 U.S. Treasury and agency securities eligible to be pledged 774,212 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.