FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 5, 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 4, 2007 Mar 28, 2007 Apr 5, 2006 Apr 4, 2007 Federal Reserve Banks Reserve Bank Credit 852,245 + 128 + 31,787 847,502 Securities held outright 780,908 + 26 + 22,364 780,926 U.S. Treasury (1) 780,908 + 26 + 22,364 780,926 Bills (2) 277,019 0 + 1,649 277,019 Notes and bonds, nominal (2) 468,553 0 + 11,376 468,553 Notes and bonds, inflation-indexed (2) 31,776 0 + 9,130 31,776 Inflation compensation (3) 3,560 + 26 + 209 3,578 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 32,214 + 35 + 8,071 28,000 Loans to depository institutions 115 + 35 - 179 32 Primary credit 87 + 35 - 148 1 Secondary credit 0 0 0 0 Seasonal credit 28 0 - 31 31 Float -767 - 214 + 1,054 -993 Other Federal Reserve assets 39,775 + 245 + 477 39,537 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,375 + 14 + 496 38,375 Total factors supplying reserve funds 903,861 + 142 + 32,281 899,118 Currency in circulation(5) 806,669 + 1,181 + 17,015 808,875 Reverse repurchase agreements (6) 36,633 - 811 + 11,452 35,475 Foreign official and international accounts 36,633 - 811 + 11,452 35,475 Dealers 0 0 0 0 Treasury cash holdings 307 + 33 + 99 344 Deposits with F.R.Banks, other than reserve balances 12,118 - 247 - 1,192 12,412 U.S. Treasury, general account 4,769 - 221 - 459 4,973 Foreign official 98 - 1 + 13 131 Service-related 6,988 - 52 - 743 6,988 Required clearing balances 6,988 - 52 - 743 6,988 Adjustments to compensate for float 0 0 0 0 Other 262 + 26 - 5 319 Other liabilities and capital 38,828 + 69 + 5,889 38,272 Total factors, other than reserve balances, absorbing reserve funds 894,555 + 224 + 33,263 895,378 Reserve balances with Federal Reserve Banks 9,306 - 82 - 982 3,741 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,892,746 + 13,002 + 298,870 1,905,596 U.S. Treasury 1,220,359 + 9,541 + 92,768 1,232,518 Federal agency 672,387 + 3,461 + 206,103 673,078 Securities lent to dealers 1,917 + 1,336 - 242 843 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 4, 2007 Mar 28, 2007 Apr 5, 2006 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 939 + 18 + 142 Securities, repurchase agreements, and loans 808,958 - 7,961 + 31,093 Securities held outright 780,926 + 36 + 22,375 U.S. Treasury (1) 780,926 + 36 + 22,375 Bills (2) 277,019 0 + 1,649 Notes and bonds, nominal (2) 468,553 0 + 11,376 Notes and bonds, inflation-indexed (2) 31,776 0 + 9,130 Inflation compensation (3) 3,578 + 35 + 220 Federal agency (2) 0 0 0 Repurchase agreements (4) 28,000 - 8,000 + 8,750 Loans 32 + 4 - 32 Items in process of collection (887) 3,510 + 691 - 2,803 Bank premises 1,986 + 11 + 154 Other assets (5) 37,555 - 256 - 167 Total assets (887) 866,185 - 7,496 + 28,417 Liabilities Federal Reserve notes net of FR Bank holdings 771,780 + 1,542 + 17,213 Reverse repurchase agreements (6) 35,475 - 2,168 + 11,952 Deposits (0) 16,157 - 7,367 - 3,865 Depository institutions 10,733 - 7,696 - 4,190 U.S. Treasury, general account 4,973 + 201 + 310 Foreign official 131 + 40 + 47 Other (0) 319 + 88 - 33 Deferred availability cash items (887) 4,502 + 694 - 2,357 Other liabilities and accrued dividends (7) 5,883 + 31 + 1,270 Total liabilities (887) 833,797 - 7,269 + 24,212 Capital Accounts Capital paid in 15,847 + 6 + 2,081 Surplus 15,361 0 + 2,460 Other capital accounts 1,180 - 234 - 335 Total capital 32,388 - 227 + 4,205 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 4, 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 4 49,523 - 8,404 0 0 28,000 35,475 16 days to 90 days 28 182,042 + 7,464 0 0 0 0 91 days to 1 year 0 174,217 - 501 0 0 ------ ------ Over 1 to 5 years ------ 226,033 + 1,451 0 0 ------ ------ Over 5 to 10 years ------ 66,562 + 10 0 0 ------ ------ Over 10 years ------ 82,549 + 15 0 0 ------ ------ All 32 780,926 + 36 0 0 28,000 35,475 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 4, 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 939 40 60 63 96 89 99 107 36 43 67 91 149 Securities, repurchase agreements, and loans 808,958 38,604 299,406 35,120 34,929 67,198 67,721 74,293 25,703 16,450 23,691 36,304 89,541 Securities held outright 780,926 37,265 289,042 33,904 33,720 64,872 65,377 71,705 24,811 15,876 22,867 35,047 86,441 U.S. Treasury (1) 780,926 37,265 289,042 33,904 33,720 64,872 65,377 71,705 24,811 15,876 22,867 35,047 86,441 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) 503,907 24,046 186,510 21,878 21,759 41,860 42,185 46,269 16,010 10,244 14,755 22,615 55,778 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 28,000 1,336 10,364 1,216 1,209 2,326 2,344 2,571 890 569 820 1,257 3,099 Loans 32 3 0 0 0 0 0 17 2 5 4 0 1 Items in process of collection 4,397 173 70 680 499 335 266 412 197 277 352 298 837 Bank premises 1,986 117 211 57 156 171 231 207 84 115 189 260 188 Other assets(5) 37,555 1,279 11,771 3,149 2,192 6,977 3,088 2,562 751 710 702 999 3,374 Interdistrict settlement account 0 - 3,092 - 9,553 - 1,227 - 5,053 + 827 +14,268 - 4,684 + 899 - 843 + 3,908 + 1,788 + 2,763 Total Assets 867,072 37,721 306,978 38,387 33,369 76,596 86,862 74,056 28,070 16,993 29,299 40,413 98,328 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 4, 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 964,795 38,608 339,859 38,071 35,966 75,747 107,398 81,544 29,332 17,337 30,720 57,146 113,067 Less: notes held by F.R. Banks 193,016 4,455 64,099 6,645 7,953 12,943 28,466 14,347 3,496 2,412 3,936 20,255 24,009 Federal Reserve notes, net 771,780 34,153 275,760 31,426 28,014 62,804 78,932 67,198 25,836 14,924 26,784 36,891 89,058 Reverse repurchase agreements (1) 35,475 1,693 13,130 1,540 1,532 2,947 2,970 3,257 1,127 721 1,039 1,592 3,927 Deposits 16,157 497 7,424 415 914 1,657 1,209 981 323 267 424 682 1,363 Depository institutions 10,733 495 2,155 410 911 1,538 1,206 979 311 266 422 681 1,360 U.S. Treasury, general account 4,973 0 4,973 0 0 0 0 0 0 0 0 0 0 Foreign official 131 1 101 5 3 11 3 2 0 1 0 1 3 Other 319 1 196 0 0 109 0 0 11 0 1 0 0 Deferred availability cash items 5,389 289 113 1,091 461 396 540 320 202 285 488 388 818 Other liabilities and accrued dividends (2) 5,883 267 1,875 281 288 705 547 514 219 153 189 281 563 Total liabilities 834,684 36,900 298,302 34,753 31,207 68,509 84,198 72,270 27,708 16,350 28,922 39,834 95,729 Capital Capital paid in 15,847 396 4,220 1,810 1,060 3,972 1,316 863 169 316 179 276 1,270 Surplus 15,361 396 3,760 1,810 1,087 4,095 1,276 859 166 276 176 212 1,247 Other capital 1,180 28 695 14 16 21 71 64 26 51 22 90 82 Total liabilities and capital 867,072 37,721 306,978 38,387 33,369 76,596 86,862 74,056 28,070 16,993 29,299 40,413 98,328 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 4, 2007 Federal Reserve notes outstanding 964,795 Less: Notes held by F.R. Banks not subject to collateralization 193,016 Federal Reserve Notes to be collateralized 771,780 Collateral held against Federal Reserve notes 771,780 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 758,543 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 808,926 Less:face value of securities under reverse repurchase agreements 35,538 U.S. Treasury and agency securities eligible to be pledged 773,388 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.