Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 837,092 - 8,944 + 25,135 837,197

Securities held outright 778,880 - 11 + 32,952 778,875

U.S. Treasury1 778,880 - 11 + 32,952 778,875

Bills2 277,019 0 + 4,185 277,019

Notes and bonds, nominal2 467,864 0 + 18,475 467,864

Notes and bonds, inflation-indexed2 30,587 + 344 + 10,156 30,587

Inflation compensation3 3,410 - 355 + 136 3,406

Federal agency2 0 0 0 0

Repurchase agreements4 18,607 - 8,893 - 7,036 19,000

Loans to depository institutions 319 + 35 + 280 26

Primary credit 298 + 33 + 288 5

Secondary credit 0 0 0 0

Seasonal credit 21 + 2 - 7 21

Float -541 - 338 - 650 -1,093

Other Federal Reserve assets 39,827 + 263 - 412 40,389

Gold stock 11,041 0 - 2 11,041

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

Treasury currency outstanding5 38,275 + 14 + 1,736 38,275

Total factors supplying reserve funds 888,608 - 8,930 + 26,868 888,713

Currency in circulation5 803,339 - 4,566 + 21,276 802,917

Reverse repurchase agreements6 29,410 - 1,076 + 5,834 29,419

Foreign official and international accounts 29,410 - 1,076 + 5,834 29,419

Dealers 0 0 0 0

Treasury cash holdings 220 - 22 + 11 216

Deposits with F.R. Banks, other than reserve balances 12,366 + 365 - 2,112 12,643

U.S. Treasury, general account 5,112 + 426 - 202 5,412

Foreign official 109 + 19 + 27 90

Service-related 6,837 - 79 - 1,873 6,837

Required clearing balances 6,837 - 79 - 1,873 6,837

Adjustments to compensate for float 0 0 0 0

Other 308 - 2 - 64 303

Other liabilities and capital 37,024 + 321 + 5,595 37,103

Total factors, other than reserve balances,

absorbing reserve funds 882,360 - 4,977 + 30,605 882,298

Reserve balances with Federal Reserve Banks 6,248 - 3,953 - 3,737 6,415

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,779,311 + 6,860 + 242,441 1,784,974

U.S. Treasury 1,169,180 + 1,368 + 64,856 1,169,406

Federal agency 610,131 + 5,492 + 177,585 615,568

Securities lent to dealers 1,667 + 484 - 604 952

FEDERAL RESERVE statistical release

 January 25, 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

 Jan 24, 2007 Week ended

 Jan 24, 2007 Jan 17, 2007 Jan 25, 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 - 2

Special drawing rights certificate account 2,200 0 0

Coin 984 + 76 + 214

Securities, repurchase agreements, and loans 797,901 - 2,492 + 26,283

Securities held outright 778,875 - 12 + 32,287

U.S. Treasury1 778,875 - 12 + 32,287

Bills2 277,019 0 + 4,185

Notes and bonds, nominal2 467,864 0 + 17,799

Notes and bonds, inflation-indexed2 30,587 0 + 10,156

Inflation compensation3 3,406 - 11 + 148

Federal agency2 0 0 0

Repurchase agreements4 19,000 - 750 - 6,000

Loans 26 - 1,730 - 4

Items in process of collection (801) 3,118 - 6,214 - 2,468

Bank premises 1,949 + 5 + 126

Other assets5 38,396 + 990 - 226

Total assets (801) 855,585 - 7,634 + 23,926

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 765,838 - 3,820 + 19,385

Reverse repurchase agreements6 29,419 - 1,636 + 7,728

Deposits (0) 19,013 - 629 - 6,832

Depository institutions 13,208 - 505 - 6,915

U.S. Treasury, general account 5,412 - 121 + 146

Foreign official 90 0 + 9

Other (0) 303 - 4 - 71

Deferred availability cash items (801) 4,211 - 2,177 - 2,187

Other liabilities and accrued dividends7 5,551 + 49 + 1,515

Total liabilities (801) 824,033 - 8,213 + 19,609

Capital accounts

Capital paid in 15,332 0 + 1,781

Surplus 15,092 + 26 + 2,191

Other capital accounts 1,128 + 553 + 345

Total capital 31,552 + 579 + 4,317

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jan 25, 2006

Eliminations from

consolidation Wednesday

 Jan 24, 2007

Wednesday

 Jan 17, 2007

3. Maturity Distribution of Loans and Securities, January 24, 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 26 58,154 + 1,215 0 0 19,000 29,419

16 days to 90 days 0 162,832 - 726 0 0 0 0

91 days to 1 year 0 184,901 - 490 0 0 . . . . . . 

Over 1 year to 5 years . . . 222,742 - 3 0 0 . . . . . . 

Over 5 years to 10 years . . . 69,783 + 2,246 0 0 . . . . . . 

Over 10 years . . . 80,464 - 2,253 0 0 . . . . . . 

All 26 778,875 - 12 0 0 19,000 29,419

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on January 24, 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 2,200 984 797,901 778,875 778,875 277,019 501,857 0 19,000 26 3,919 1,949 38,396 0 856,386

Assets, liabilities, and capital

 4,139 874 66 307,285 288,283 288,283 102,532 185,751 0 19,000 2 136 211 12,900 -16,261 309,349

 486 115 39 37,176 37,167 37,167 13,219 23,948 0 0 10 175 117 1,294 - 680 38,723

 463 83 67 33,817 33,815 33,815 12,027 21,788 0 0 1 398 58 1,889 - 106 36,669

 446 104 95 33,632 33,632 33,632 11,962 21,670 0 0 0 338 158 2,336 - 3,396 33,712

 853 147 93 64,701 64,701 64,701 23,012 41,689 0 0 0 406 169 7,087 + 2,014 75,471

 1,023 166 110 65,206 65,205 65,205 23,191 42,014 0 0 1 327 232 2,821 +10,058 79,942

 947 212 121 71,521 71,516 71,516 25,436 46,080 0 0 5 194 206 2,862 - 2,837 73,225

 328 71 44 24,746 24,746 24,746 8,801 15,945 0 0 0 106 79 789 + 1,606 27,769

 2   15,8 15,8 15,8 5,6 10,2    3 1 7 - 7 16,6
 959,676

 193,838 765,838 765,838 11,037 2,200 752,601 0 797,875 29,462 768,413

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.

 959,676 193,838 765,838 29,419 19,013 13,208 5,412 90 303 5,012 5,551 824,834 15,332 15,092 1,128 856,386

 39,155 4,020 35,135 1,404 747 715 0 1 31 356 258 37,899 396 396 31 38,723

 341,466 61,318 280,148 10,889 8,190 2,567 5,412 61 149 81 1,811 301,118 3,725 3,727 780 309,349

 38,339 7,747 30,592 1,277 413 411 0 2 0 743 256 33,282 1,810 1,577 0 36,669

 36,249 7,815 28,434 1,270 1,082 1,078 0 3 1 455 270 31,511 1,087 1,087 28 33,712

 75,059 12,841 62,218 2,444 1,444 1,326 0 11 107 571 579 67,256 4,093 4,093 28 75,471

 99,181 26,770 72,411 2,463 1,396 1,393 0 3 0 567 511 77,348 1,274 1,276 43 79,942

 81,933 15,337 66,596 2,701 1,347 1,344 0 3 1 301 506 71,451 859 858 57 73,225

 29,098 3,438 25,660 935 484 476 0 0 8 127 211 27,418 167 166 18 27,769

 17,4 2,6 14,7 5 2 2    2 1 16,0 2 2  16,6

H.4.14. Statement of Condition of Each Federal Reserve Bank on January 24, 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

 Jan 24, 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.