Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 853,506 - 13,418 + 28,822 860,545

Securities held outright 789,796 + 2,613 + 30,071 790,025

U.S. Treasury1 789,796 + 2,613 + 30,071 790,025

Bills2 277,019 0 + 1,649 277,019

Notes and bonds, nominal2 474,473 + 1,323 + 16,200 474,672

Notes and bonds, inflation-indexed2 34,459 + 1,214 + 11,813 34,459

Inflation compensation3 3,846 + 77 + 410 3,875

Federal agency2 0 0 0 0

Repurchase agreements4 22,821 - 15,929 - 679 29,000

Loans to depository institutions 75 + 9 - 99 82

Primary credit 5 - 1 - 35 7

Secondary credit 0 0 0 0

Seasonal credit 70 + 10 - 64 75

Float -476 - 176 - 171 -36

Other Federal Reserve assets 41,289 + 64 - 302 41,474

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 2,200 0 0 2,200

Treasury currency outstanding5 38,441 + 14 + 494 38,441

Total factors supplying reserve funds 905,189 - 13,403 + 29,317 912,227

Currency in circulation5 808,696 + 1,322 + 14,965 810,478

Reverse repurchase agreements6 36,019 - 4,092 + 10,043 35,410

Foreign official and international accounts 36,019 + 265 + 10,043 35,410

Dealers 0 - 4,357 0 0

Treasury cash holdings 269 - 27 + 91 231

Deposits with F.R. Banks, other than reserve balances 11,785 - 9,997 - 458 11,590

U.S. Treasury, general account 4,914 - 9,973 - 237 4,726

Foreign official 93 0 - 4 93

Service-related 6,509 - 1 - 187 6,509

Required clearing balances 6,509 - 1 - 187 6,509

Adjustments to compensate for float 0 0 0 0

Other 268 - 24 - 31 261

Other liabilities and capital 38,801 - 33 + 5,022 38,546

Total factors, other than reserve balances,

absorbing reserve funds 895,569 - 12,828 + 29,663 896,255

Reserve balances with Federal Reserve Banks 9,620 - 575 - 346 15,972

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,931,132 + 4,368 + 310,126 1,937,411

U.S. Treasury 1,228,032 + 724 + 103,279 1,227,971

Federal agency 703,100 + 3,644 + 206,847 709,440

Securities lent to dealers 3,044 - 203 + 2,036 1,675

FEDERAL RESERVE statistical release

 May 10, 2007

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

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.

Change from week ended Wednesday

 May 9, 2007 Week ended

 May 9, 2007 May 2, 2007 May 10, 2006
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. 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.

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 2,200 0 0

Coin 1,016 - 57 + 235

Securities, repurchase agreements, and loans 819,107 - 16,179 + 38,485

Securities held outright 790,025 + 2,815 + 30,288

U.S. Treasury1 790,025 + 2,815 + 30,288

Bills2 277,019 0 + 1,649

Notes and bonds, nominal2 474,672 + 2,736 + 16,399

Notes and bonds, inflation-indexed2 34,459 0 + 11,813

Inflation compensation3 3,875 + 79 + 427

Federal agency2 0 0 0

Repurchase agreements4 29,000 - 19,000 + 8,500

Loans 82 + 6 - 303

Items in process of collection (943) 4,144 + 160 - 908

Bank premises 2,006 + 3 + 170

Other assets5 39,489 + 457 - 529

Total assets (943) 878,998 - 15,617 + 37,452

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 773,279 + 1,116 + 14,813

Reverse repurchase agreements6 35,410 - 6,011 + 10,875

Deposits (0) 27,583 - 10,011 + 8,286

Depository institutions 22,503 + 10,630 + 8,519

U.S. Treasury, general account 4,726 - 20,624 - 205

Foreign official 93 0 + 8

Other (0) 261 - 17 - 35

Deferred availability cash items (943) 4,179 - 941 - 1,641

Other liabilities and accrued dividends7 5,906 + 14 + 1,220

Total liabilities (943) 846,358 - 15,832 + 33,554

Capital accounts

Capital paid in 15,891 + 16 + 2,043

Surplus 15,374 0 + 2,473

Other capital accounts 1,375 + 199 - 617

Total capital 32,640 + 215 + 3,898

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 May 10, 2006

Eliminations from

consolidation Wednesday

 May 9, 2007

Wednesday

 May 2, 2007

3. Maturity Distribution of Loans and Securities, May 9, 2007

Millions of dollars

 Federal agency

securities

Weekly

changes Holdings

 U.S. Treasury

securities1

Holdings Weekly

changes

Loans Repurchase

agreements2

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.

Reverse

repurchase

agreements2

Within 15 days 19 68,357 + 2,412 0 0 29,000 35,410

16 days to 90 days 63 162,882 - 1,830 0 0 0 0

91 days to 1 year 0 170,832 - 578 0 0 . . . . . . 

Over 1 year to 5 years . . . 237,737 + 2,760 0 0 . . . . . . 

Over 5 years to 10 years . . . 66,921 + 20 0 0 . . . . . . 

Over 10 years . . . 83,296 + 31 0 0 . . . . . . 

All 82 790,025 + 2,815 0 0 29,000 35,410

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on May 9, 2007Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap

AssetsGold certificate accountSpecial drawing rights certificate acct.CoinSecurities, repurchase agreements,

and loans

Securities held outright

U.S. Treasury1

Bills2Notes and bonds3

Federal agency2

Repurchase agreements4

Loans

Items in process of collectionBank premisesOther assets5Interdistrict settlement account

Total assets

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 sec4. 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.

 11,037 2,200 1,016 819,107 790,025 790,025 277,019 513,006 0 29,000 82 5,087 2,006 39,489 0 879,941

Assets, liabilities, and capital

 4,053 874 65 296,567 286,066 286,066 100,308 185,758 0 10,501 0 172 212 12,330 + 2,222 316,495

 449 115 44 37,753 36,409 36,409 12,767 23,642 0 1,336 7 220 117 1,341 - 2,280 37,758

 455 83 64 36,234 34,951 34,951 12,255 22,696 0 1,283 0 652 57 3,254 - 1,248 39,552

 428 104 102 33,517 32,330 32,330 11,336 20,994 0 1,187 0 810 156 2,246 - 4,113 33,250

 869 147 94 70,962 68,449 68,449 24,001 44,448 0 2,513 0 217 172 7,219 - 97 79,582

 1,117 166 113 75,965 73,273 73,273 25,693 47,580 0 2,690 2 608 231 3,402 + 5,136 86,738

 903 212 122 68,726 66,265 66,265 23,235 43,029 0 2,432 29 260 208 2,601 + 678 73,709

 326 71 45 26,193 25,250 25,250 8,854 16,396 0 927 16 109 87 821 + 309 27,960

 2   16,3 15,7 15,7 5,5 10,2  5  1 1 7 - 6 17,0
 968,133

 194,853 773,279 773,279 11,037 2,200 760,043 0 819,025 35,462 783,562

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap

LiabilitiesFederal Reserve notes outstanding

Less: notes held by F.R. Banks

Federal Reserve notes, net

Reverse repurchase agreements1

Deposits

Depository institutionsU.S. Treasury, general accountForeign officialOther

Deferred availability cash itemsOther liabilities and accrued

dividends2

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

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.

 968,133 194,853 773,279 35,410 27,583 22,503 4,726 93 261 5,122 5,906 847,301 15,891 15,374 1,375 879,941

 38,236 4,291 33,945 1,632 797 795 0 1 1 292 257 36,923 403 396 36 37,758

 340,885 63,308 277,577 12,822 15,472 10,507 4,726 63 176 91 1,820 307,782 4,221 3,771 720 316,495

 38,853 6,607 32,246 1,567 877 872 0 5 0 923 290 35,904 1,809 1,810 29 39,552

 35,876 8,589 27,287 1,449 1,413 1,410 0 3 0 639 280 31,068 1,065 1,087 30 33,250

 78,324 12,936 65,388 3,068 1,852 1,761 0 11 80 387 769 71,464 3,972 4,095 51 79,582

 107,519 29,523 77,995 3,284 1,692 1,689 0 3 0 473 592 84,037 1,317 1,276 108 86,738

 80,952 14,341 66,611 2,970 1,494 1,492 0 2 0 333 481 71,890 881 859 79 73,709

 29,431 3,629 25,803 1,132 332 329 0 0 2 112 215 27,593 172 166 29 27,960

 17,2 2,5 14,7 7 5 5    2 1 16,4 3 2  17,0

H.4.14. Statement of Condition of Each Federal Reserve Bank on May 9, 2007 (continued)Millions of dollars

Assets, liabilities, and capital

Federal Reserve notes outstanding

Less: Notes held by F.R. Banks

not subject to collateralization

Federal Reserve notes to be collateralized

Collateral held against Federal Reserve notes

Gold certificate accountSpecial drawing rights certificate accountU.S. Treasury and agency securities pledged1Other assets pledged

Memo:Total U.S. Treasury and agency securities1

Less: face value of securities under

reverse repurchase agreements

U.S. Treasury and agency securities

eligible to be pledged

5. Collateral Held against Federal Reserve Notes:Federal Reserve Agents' AccountsMillions of dollarsFederal Reserve notes and collateral Wednesday

 May 9, 2007

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 ofinflation-indexed securities, and cash value of repurchase agreements.