FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 19, 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 18, 2007 Apr 11, 2007 Apr 19, 2006 Apr 18, 2007 Federal Reserve Banks Reserve Bank Credit 851,199 + 1,778 + 27,579 846,464 Securities held outright 782,844 + 1,482 + 24,273 782,860 U.S. Treasury (1) 782,844 + 1,482 + 24,273 782,860 Bills (2) 277,019 0 + 1,649 277,019 Notes and bonds, nominal (2) 470,399 + 1,437 + 13,222 470,399 Notes and bonds, inflation-indexed (2) 31,776 0 + 9,130 31,776 Inflation compensation (3) 3,650 + 44 + 272 3,666 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 28,571 - 36 + 2,250 24,000 Loans to depository institutions 50 + 6 - 37 52 Primary credit 2 + 1 - 1 1 Secondary credit 0 0 0 0 Seasonal credit 48 + 5 - 36 51 Float -896 - 424 + 463 -1,190 Other Federal Reserve assets 40,629 + 750 + 629 40,742 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,403 + 14 + 496 38,403 Total factors supplying reserve funds 902,843 + 1,793 + 28,073 898,108 Currency in circulation(5) 808,154 - 69 + 17,004 809,020 Reverse repurchase agreements (6) 33,163 - 2,279 + 7,753 33,971 Foreign official and international accounts 33,163 - 2,279 + 7,753 33,971 Dealers 0 0 0 0 Treasury cash holdings 316 - 25 + 108 305 Deposits with F.R.Banks, other than reserve balances 12,395 + 362 - 603 12,154 U.S. Treasury, general account 5,454 + 782 + 455 5,235 Foreign official 93 + 1 + 10 95 Service-related 6,553 - 436 - 1,055 6,553 Required clearing balances 6,553 - 436 - 1,055 6,553 Adjustments to compensate for float 0 0 0 0 Other 295 + 15 - 13 271 Other liabilities and capital 38,975 + 217 + 5,954 38,595 Total factors, other than reserve balances, absorbing reserve funds 893,004 - 1,792 + 30,217 894,046 Reserve balances with Federal Reserve Banks 9,839 + 3,585 - 2,144 4,062 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,916,008 + 4,591 + 311,304 1,914,297 U.S. Treasury 1,235,924 - 197 + 105,594 1,231,300 Federal agency 680,084 + 4,787 + 205,710 682,997 Securities lent to dealers 1,483 + 457 + 746 862 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 18, 2007 Apr 11, 2007 Apr 19, 2006 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 976 + 13 + 175 Securities, repurchase agreements, and loans 806,912 - 4,704 + 26,999 Securities held outright 782,860 + 44 + 24,285 U.S. Treasury (1) 782,860 + 44 + 24,285 Bills (2) 277,019 0 + 1,649 Notes and bonds, nominal (2) 470,399 0 + 13,222 Notes and bonds, inflation-indexed (2) 31,776 0 + 9,130 Inflation compensation (3) 3,666 + 44 + 284 Federal agency (2) 0 0 0 Repurchase agreements (4) 24,000 - 4,750 + 2,750 Loans 52 + 3 - 36 Items in process of collection (1,012) 3,273 + 151 - 2,143 Bank premises 1,991 + 3 + 158 Other assets (5) 38,739 + 389 + 470 Total assets (1,012) 865,129 - 4,146 + 25,658 Liabilities Federal Reserve notes net of FR Bank holdings 771,894 - 1,123 + 16,618 Reverse repurchase agreements (6) 33,971 - 163 + 9,242 Deposits (0) 16,201 - 3,552 - 3,993 Depository institutions 10,600 - 4,028 - 3,983 U.S. Treasury, general account 5,235 + 477 - 10 Foreign official 95 + 2 + 10 Other (0) 271 - 3 - 10 Deferred availability cash items (1,012) 4,467 + 564 - 1,842 Other liabilities and accrued dividends (7) 5,819 - 40 + 1,225 Total liabilities (1,012) 832,352 - 4,314 + 21,251 Capital Accounts Capital paid in 15,856 + 2 + 2,105 Surplus 15,362 0 + 2,461 Other capital accounts 1,559 + 166 - 158 Total capital 32,776 + 167 + 4,406 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 18, 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 50 60,740 + 11,087 0 0 24,000 33,971 16 days to 90 days 2 171,156 - 10,796 0 0 0 0 91 days to 1 year 0 173,892 - 288 0 0 ------ ------ Over 1 to 5 years ------ 226,996 + 11 0 0 ------ ------ Over 5 to 10 years ------ 66,851 + 12 0 0 ------ ------ Over 10 years ------ 83,225 + 18 0 0 ------ ------ All 52 782,860 + 44 0 0 24,000 33,971 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 18, 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 11,037 449 4,053 455 428 869 1,117 903 326 203 335 613 1,286 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 976 41 69 67 88 92 106 114 38 43 73 89 158 Securities, repurchase agreements, and loans 806,912 37,191 292,162 35,696 33,019 69,908 74,835 67,702 25,793 16,107 26,125 35,451 92,923 Securities held outright 782,860 36,079 283,472 34,634 32,037 67,829 72,609 65,664 25,021 15,620 25,342 34,396 90,159 U.S. Treasury (1) 782,860 36,079 283,472 34,634 32,037 67,829 72,609 65,664 25,021 15,620 25,342 34,396 90,159 Bills (2) 277,019 12,767 100,308 12,255 11,336 24,001 25,693 23,235 8,854 5,527 8,967 12,171 31,903 Notes and bonds(3) 505,841 23,312 183,164 22,379 20,701 43,827 46,916 42,428 16,167 10,093 16,375 22,225 58,256 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 24,000 1,106 8,690 1,062 982 2,079 2,226 2,013 767 479 777 1,054 2,764 Loans 52 6 0 0 0 0 0 25 5 9 6 0 0 Items in process of collection 4,285 186 63 469 486 399 579 327 169 178 421 232 775 Bank premises 1,991 117 212 57 156 171 231 208 84 115 189 260 190 Other assets(5) 38,739 1,308 12,074 3,233 2,217 7,184 3,294 2,538 787 729 775 1,032 3,569 Interdistrict settlement account 0 - 1,950 - 2,497 - 1,770 - 3,888 - 480 + 6,608 + 1,573 + 588 - 510 + 1,637 + 1,491 - 800 Total Assets 866,140 37,457 307,009 38,289 32,611 78,290 86,935 73,576 27,855 16,895 29,621 39,266 98,336 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 18, 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 965,625 38,521 339,797 38,105 35,832 77,177 107,223 81,375 29,371 17,339 30,707 57,356 112,821 Less: notes held by F.R. Banks 193,730 4,514 62,825 6,647 8,271 12,835 28,729 14,241 3,654 2,488 3,930 21,383 24,212 Federal Reserve notes, net 771,894 34,007 276,972 31,458 27,561 64,342 78,494 67,133 25,717 14,851 26,777 35,973 88,609 Reverse repurchase agreements (1) 33,971 1,566 12,301 1,503 1,390 2,943 3,151 2,849 1,086 678 1,100 1,493 3,912 Deposits 16,201 503 7,045 656 665 1,545 1,212 996 348 271 488 650 1,822 Depository institutions 10,600 499 1,579 651 661 1,439 1,209 994 342 271 486 649 1,819 U.S. Treasury, general account 5,235 0 5,235 0 0 0 0 0 0 0 0 0 0 Foreign official 95 1 65 5 3 11 3 2 0 1 0 1 3 Other 271 2 166 0 1 95 0 0 5 0 1 0 0 Deferred availability cash items 5,478 291 104 713 524 559 810 314 126 291 678 291 776 Other liabilities and accrued dividends (2) 5,819 258 1,823 284 275 728 556 480 214 154 198 275 576 Total liabilities 833,364 36,624 298,245 34,614 30,415 70,117 84,223 71,774 27,490 16,245 29,241 38,682 95,695 Capital Capital paid in 15,856 397 4,220 1,810 1,064 3,972 1,316 863 171 316 180 276 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 1,559 41 784 55 46 107 119 80 28 58 24 95 122 Total liabilities and capital 866,140 37,457 307,009 38,289 32,611 78,290 86,935 73,576 27,855 16,895 29,621 39,266 98,336 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 18, 2007 Federal Reserve notes outstanding 965,625 Less: Notes held by F.R. Banks not subject to collateralization 193,730 Federal Reserve Notes to be collateralized 771,894 Collateral held against Federal Reserve notes 771,894 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 758,658 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 806,860 Less:face value of securities under reverse repurchase agreements 34,026 U.S. Treasury and agency securities eligible to be pledged 772,835 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.