FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 12, 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 Apr 11, 2007 Apr 4, 2007 Apr 12, 2006 Apr 11, 2007 Federal Reserve Banks Reserve Bank Credit 849,422 - 2,823 + 31,563 851,159 Securities held outright 781,362 + 454 + 22,803 782,816 U.S. Treasury (1) 781,362 + 454 + 22,803 782,816 Bills (2) 277,019 0 + 1,649 277,019 Notes and bonds, nominal (2) 468,962 + 409 + 11,785 470,399 Notes and bonds, inflation-indexed (2) 31,776 0 + 9,130 31,776 Inflation compensation (3) 3,606 + 46 + 241 3,622 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 28,607 - 3,607 + 9,143 28,750 Loans to depository institutions 44 - 71 - 556 49 Primary credit 1 - 86 - 525 1 Secondary credit 0 0 0 0 Seasonal credit 43 + 15 - 31 48 Float -471 + 296 - 61 -781 Other Federal Reserve assets 39,879 + 104 + 232 40,324 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,389 + 14 + 496 38,389 Total factors supplying reserve funds 901,052 - 2,809 + 32,057 902,789 Currency in circulation(5) 808,223 + 1,554 + 17,505 810,129 Reverse repurchase agreements (6) 35,442 - 1,191 + 11,796 34,134 Foreign official and international accounts 35,442 - 1,191 + 11,796 34,134 Dealers 0 0 0 0 Treasury cash holdings 341 + 34 + 141 318 Deposits with F.R.Banks, other than reserve balances 12,033 - 85 - 1,200 12,113 U.S. Treasury, general account 4,672 - 97 - 454 4,758 Foreign official 92 - 6 + 6 93 Service-related 6,989 + 1 - 742 6,989 Required clearing balances 6,989 + 1 - 742 6,989 Adjustments to compensate for float 0 0 0 0 Other 280 + 18 - 10 274 Other liabilities and capital 38,758 - 70 + 5,757 38,468 Total factors, other than reserve balances, absorbing reserve funds 894,796 + 241 + 33,999 895,163 Reserve balances with Federal Reserve Banks 6,256 - 3,051 - 1,942 7,626 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,911,417 + 18,671 + 319,041 1,914,419 U.S. Treasury 1,236,121 + 15,762 + 111,459 1,239,174 Federal agency 675,297 + 2,910 + 207,584 675,246 Securities lent to dealers 1,026 - 891 - 66 816 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 Apr 11, 2007 Apr 4, 2007 Apr 12, 2006 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 963 + 24 + 165 Securities, repurchase agreements, and loans 811,616 + 2,658 + 30,548 Securities held outright 782,816 + 1,890 + 24,253 U.S. Treasury (1) 782,816 + 1,890 + 24,253 Bills (2) 277,019 0 + 1,649 Notes and bonds, nominal (2) 470,399 + 1,846 + 13,222 Notes and bonds, inflation-indexed (2) 31,776 0 + 9,130 Inflation compensation (3) 3,622 + 44 + 252 Federal agency (2) 0 0 0 Repurchase agreements (4) 28,750 + 750 + 10,000 Loans 49 + 17 - 3,706 Items in process of collection (1,083) 3,122 - 388 - 1,981 Bank premises 1,988 + 2 + 155 Other assets (5) 38,350 + 795 + 380 Total assets (1,083) 869,275 + 3,090 + 29,264 Liabilities Federal Reserve notes net of FR Bank holdings 773,017 + 1,237 + 17,383 Reverse repurchase agreements (6) 34,134 - 1,341 + 10,118 Deposits (0) 19,753 + 3,596 - 1,602 Depository institutions 14,628 + 3,895 - 2,018 U.S. Treasury, general account 4,758 - 215 + 424 Foreign official 93 - 38 + 3 Other (0) 274 - 45 - 11 Deferred availability cash items (1,083) 3,903 - 599 - 2,552 Other liabilities and accrued dividends (7) 5,859 - 24 + 1,221 Total liabilities (1,083) 836,666 + 2,869 + 24,568 Capital Accounts Capital paid in 15,854 + 7 + 2,083 Surplus 15,362 + 1 + 2,461 Other capital accounts 1,393 + 213 + 152 Total capital 32,609 + 221 + 4,696 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, April 11, 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 5 49,653 + 130 0 0 28,750 34,134 16 days to 90 days 44 181,952 - 90 0 0 0 0 91 days to 1 year 0 174,180 - 37 0 0 ------ ------ Over 1 to 5 years ------ 226,985 + 952 0 0 ------ ------ Over 5 to 10 years ------ 66,839 + 277 0 0 ------ ------ Over 10 years ------ 83,207 + 658 0 0 ------ ------ All 49 782,816 + 1,890 0 0 28,750 34,134 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 April 11, 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 963 40 63 64 88 89 106 112 37 42 73 90 157 Securities, repurchase agreements, and loans 811,616 38,731 300,383 35,235 35,043 67,417 67,942 74,546 25,788 16,506 23,770 36,422 89,834 Securities held outright 782,816 37,355 289,742 33,987 33,802 65,029 65,535 71,878 24,871 15,914 22,923 35,132 86,650 U.S. Treasury (1) 782,816 37,355 289,742 33,987 33,802 65,029 65,535 71,878 24,871 15,914 22,923 35,132 86,650 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) 505,797 24,136 187,209 21,960 21,840 42,017 42,344 46,442 16,070 10,283 14,811 22,700 55,987 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 28,750 1,372 10,641 1,248 1,241 2,388 2,407 2,640 913 584 842 1,290 3,182 Loans 49 4 0 0 0 0 0 29 3 7 6 0 1 Items in process of collection 4,205 152 -10 386 467 217 463 284 354 264 327 203 1,099 Bank premises 1,988 117 211 57 156 171 231 208 84 115 189 260 188 Other assets(5) 38,350 1,314 12,064 3,185 2,225 7,047 3,172 2,631 773 724 719 1,031 3,464 Interdistrict settlement account 0 - 2,974 -10,300 - 1,284 - 4,881 + 2,827 +13,879 - 4,211 + 434 - 1,054 + 3,877 + 1,177 + 2,511 Total Assets 870,358 37,982 307,424 38,189 33,647 78,769 86,981 74,728 27,870 16,838 29,346 39,856 98,729 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 April 11, 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 965,144 38,568 339,889 38,163 35,897 76,276 107,341 81,465 29,305 17,321 30,691 57,259 112,969 Less: notes held by F.R. Banks 192,127 4,401 63,686 6,662 7,860 12,796 28,184 14,018 3,554 2,486 3,866 20,879 23,734 Federal Reserve notes, net 773,017 34,167 276,203 31,501 28,036 63,480 79,157 67,447 25,751 14,835 26,825 36,380 89,235 Reverse repurchase agreements (1) 34,134 1,629 12,634 1,482 1,474 2,836 2,858 3,134 1,085 694 1,000 1,532 3,778 Deposits 19,753 818 7,873 636 1,201 3,172 1,267 1,515 343 250 503 794 1,379 Depository institutions 14,628 816 2,899 631 1,197 3,057 1,263 1,513 331 250 502 793 1,376 U.S. Treasury, general account 4,758 0 4,758 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 274 1 153 1 1 105 0 0 11 0 1 0 0 Deferred availability cash items 4,986 271 122 631 464 442 488 321 113 254 450 284 1,148 Other liabilities and accrued dividends (2) 5,859 266 1,871 283 287 713 517 517 217 158 188 280 564 Total liabilities 837,749 37,151 298,703 34,533 31,462 70,642 84,286 72,934 27,508 16,191 28,966 39,269 96,105 Capital Capital paid in 15,854 397 4,220 1,810 1,064 3,972 1,316 863 169 316 179 276 1,271 Surplus 15,362 396 3,760 1,810 1,087 4,095 1,276 859 166 276 176 213 1,247 Other capital 1,393 38 741 36 34 60 103 72 26 55 24 98 106 Total liabilities and capital 870,358 37,982 307,424 38,189 33,647 78,769 86,981 74,728 27,870 16,838 29,346 39,856 98,729 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 Apr 11, 2007 Federal Reserve notes outstanding 965,144 Less: Notes held by F.R. Banks not subject to collateralization 192,127 Federal Reserve Notes to be collateralized 773,017 Collateral held against Federal Reserve notes 773,017 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 759,780 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 811,566 Less:face value of securities under reverse repurchase agreements 34,192 U.S. Treasury and agency securities eligible to be pledged 777,374 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.