FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           December 7, 2006
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            Dec 6, 2006 Nov 29, 2006  Dec 7, 2005  Dec 6, 2006
Federal Reserve Banks

Reserve Bank Credit                                         842,371    -   1,641    +  28,727      847,267
 Securities held outright                                   773,368    +   1,294    +  29,193      774,215       
    U.S. Treasury (1)                                       773,368    +   1,294    +  29,193      774,215
       Bills (2)                                            277,019            0    +   5,749      277,019
       Notes and bonds, nominal (2)                         462,153    +   1,335    +  12,558      463,015
       Notes and bonds, inflation-indexed (2)                30,105            0    +  10,122       30,105
       Inflation compensation (3)                             4,092    -      41    +     766        4,077
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    29,679    -   5,071    -   1,214       32,000
 Loans to depository institutions                               183    +      72    +      97          266
    Primary credit                                              101    +      90    +      84          183
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              82    -      19    +      13           84
 Float                                                        1,197    +   1,580    +     231        2,595
 Other Federal Reserve assets                                37,945    +     486    +     421       38,190
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,203    +      14    +   1,663       38,203
       
Total factors supplying reserve funds                       893,815    -   1,626    +  30,390      898,710
                                                                   
Currency in circulation(5)                                  805,628    -   2,099    +  27,520      806,873
Reverse repurchase agreements (6)                            29,201    -   1,275    +     401       29,039
   Foreign official and international accounts               29,201    -   1,275    +     401       29,039
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          166    +       3    -      38          176
Deposits with F.R.Banks, other than reserve balances         12,301    +      60    -   1,739       11,716       
  U.S. Treasury, general account                              5,060    +      30    +     128        4,523
  Foreign official                                               91    +       1    +       9           94
  Service-related                                             6,832            0    -   1,902        6,832
     Required clearing balances                               6,832            0    -   1,902        6,832
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         319    +      29    +      26          267
Other liabilities and capital                                36,338    +     413    +   4,213       36,153

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  883,635    -   2,897    +  30,359      883,958

Reserve balances with Federal Reserve Banks                  10,180    +   1,271    +      32       14,753
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,712,569    +   1,257    + 201,195    1,723,889
     U.S. Treasury                                        1,148,526    -     731    +  43,158    1,156,628
     Federal agency                                         564,043    +   1,989    + 158,037      567,261
  Securities lent to dealers                                  2,032    +     749    -   1,304        2,447   


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  Dec 6, 2006     Nov 29, 2006      Dec 7, 2005

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               814        +      28        +     119
Securities, repurchase agreements, and loans                   806,481        +     743        +  30,183
   Securities held outright                                    774,215        +   1,605        +  30,036
      U.S. Treasury (1)                                        774,215        +   1,605        +  30,036       
         Bills (2)                                             277,019                0        +   5,749
         Notes and bonds, nominal (2)                          463,015        +   1,647        +  13,420
         Notes and bonds, inflation-indexed (2)                 30,105                0        +  10,122
         Inflation compensation (3)                              4,077        -      41        +     747
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    32,000        -   1,000                0    
   Loans                                                           266        +     138        +     147
Items in process of collection                    (1,838)        7,427        +   4,339        -     676
Bank premises                                                    1,923        +      11        +      74
Other assets (5)                                                36,258        +     366        +     490
      Total assets                                (1,838)      866,140        +   5,488        +  30,189
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  769,657        -   1,410        +  26,161
Reverse repurchase agreements (6)                               29,039        -   1,684        +   1,247
Deposits                                              (0)       26,459        +   7,217        +     833       
  Depository institutions                                       21,575        +   7,547        +   1,387
  U.S. Treasury, general account                                 4,523        -     284        -     553
  Foreign official                                                  94        +       2        +      13
  Other                                               (0)          267        -      49        -      14
Deferred availability cash items                  (1,838)        4,832        +     959        -   2,273
Other liabilities and accrued dividends (7)                      5,968        -      16        +   1,633
      Total liabilities                           (1,838)      835,954        +   5,064        +  27,602
                          
Capital Accounts
Capital paid in                                                 15,308        +       3        +   1,785
Surplus                                                         10,554                0        -   1,076
Other capital accounts                                           4,323        +     419        +   1,877
      Total capital                                             30,185        +     423        +   2,586


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,   December 6, 2006
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             194       52,305   -   7,490            0           0       32,000       29,039
16 days to 90 days          72      167,584   +   9,231            0           0            0            0
91 days to 1 year            0      186,733   -   1,803            0           0     ------      ------
Over 1 to 5 years     ------        220,125   +     923            0           0     ------      ------
Over 5 to 10 years    ------         67,678   +     437            0           0     ------      ------
Over 10 years         ------         79,790   +     308            0           0     ------      ------
                   		 	
All                        266      774,215   +   1,605            0           0       32,000      29,039

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   December 6, 2006
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                                             814         24         48         58         76         80         97         97         39         31         63         78        123
Securities, repurchase agreements,
      and loans                              806,481     36,951    318,558     33,613     33,430     64,314     64,829     71,124     24,763     15,759     22,695     34,747     85,698
   Securities held outright                  774,215     36,944    286,558     33,613     33,430     64,314     64,815     71,088     24,598     15,739     22,671     34,746     85,698
      U.S. Treasury (1)                      774,215     36,944    286,558     33,613     33,430     64,314     64,815     71,088     24,598     15,739     22,671     34,746     85,698
         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)                  497,196     23,725    184,026     21,586     21,469     41,302     41,624     45,653     15,797     10,108     14,559     22,314     55,035
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                32,000          0     32,000          0          0          0          0          0          0          0          0          0          0
      Loans                                      266          7          0          0          0          0         14         36        165         20         24          1          0
Items in process of collection                 9,265        327        560        843        813        544      2,746        567        231        294        530        590      1,219
Bank premises                                  1,923        116        208         58        157        166        231        209         77        116        147        259        179
Other assets(5)                               36,258      1,192     11,722      1,917      2,269      7,040      2,694      2,695        714        699        702        914      3,699
Interdistrict settlement account                   0    -   203    -12,884    +   545    - 2,603    + 4,481    + 6,586    - 5,469    +    46    -   284    + 3,085    + 1,800    + 4,900
          Total Assets                       867,977     39,009    323,225     37,580     34,692     77,624     78,371     70,383     26,270     16,857     27,612     39,061     97,294

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   December 6, 2006
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             951,597     39,005    343,637     38,919     36,540     75,319     96,127     79,401     27,604     17,532     29,161     55,262    113,091
  Less: notes held by F.R. Banks              181,941      3,628     55,304      7,719      7,307     12,202     25,515     15,530      3,450      2,574      4,132     19,357     25,222
    Federal Reserve notes, net                769,657     35,377    288,333     31,199     29,233     63,117     70,612     63,871     24,153     14,957     25,029     35,906     87,869
Reverse repurchase agreements (1)              29,039      1,386     10,748      1,261      1,254      2,412      2,431      2,666        923        590        850      1,303      3,214
Deposits                                       26,459        718     15,217        506      1,018      2,618      1,549      1,103        445        231        485        673      1,896
  Depository institutions                      21,575        717     10,456        501      1,014      2,525      1,547      1,100        437        230        484        672      1,892
  U.S. Treasury, general account                4,523          0      4,523          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 94          1         65          2          3         11          3          3          0          1          1          0          4
  Other                                           267          0        173          2          0         82          0          0          7          0          1          0          0
Deferred availability cash items                6,670        429        190      1,060        686        522        664        410        180        354        677        444      1,052
Other liabilities and accrued                 
  dividends (2)                                 5,968        278      1,939        299        297        666        500        538        217        156        201        291        584
   
    Total liabilities                         837,792     38,189    316,428     34,325     32,487     69,335     75,757     68,588     25,918     16,289     27,243     38,617     94,616
                              
Capital                    
Capital paid in                                15,308        396      3,726      1,812      1,086      4,091      1,274        849        166        276        176        211      1,245
Surplus                                        10,554        309      1,604        723        996      3,238        872        838        124        235        166        121      1,328
Other capital                                   4,323        116      1,466        720        123        960        468        108         61         57         27        113        105
     Total liabilities and capital            867,977     39,009    323,225     37,580     34,692     77,624     78,371     70,383     26,270     16,857     27,612     39,061     97,294
                              

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
                                           Dec 6, 2006
              
Federal Reserve notes outstanding             951,597
   Less: Notes held by F.R. Banks
         not subject to collateralization     181,941
      Federal Reserve Notes to be
         collateralized                       769,657 
Collateral held against Federal Reserve            
   notes                                      769,657
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              756,420
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         806,215
   Less:face value of securities under
         reverse repurchase agreements         29,172
      U.S. Treasury and agency securities
             eligible to be pledged           777,043
   

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.