Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 837,607 - 4,757 + 25,985 838,600

Securities held outright 775,414 + 2,046 + 31,229 775,603

U.S. Treasury1 775,414 + 2,046 + 31,229 775,603

Bills2 277,019 0 + 5,749 277,019

Notes and bonds, nominal2 464,241 + 2,088 + 14,646 464,445

Notes and bonds, inflation-indexed2 30,105 0 + 10,122 30,105

Inflation compensation3 4,050 - 42 + 713 4,035

Federal agency2 0 0 0 0

Repurchase agreements4 22,464 - 7,215 - 4,715 21,250

Loans to depository institutions 228 + 45 + 147 936

Primary credit 147 + 46 + 136 853

Secondary credit 0 0 0 0

Seasonal credit 81 - 1 + 11 84

Float 1,527 + 337 - 517 2,706

Other Federal Reserve assets 37,973 + 28 - 161 38,105

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,217 + 14 + 1,677 38,217

Total factors supplying reserve funds 889,064 - 4,744 + 27,661 890,058

Currency in circulation5 806,257 + 629 + 26,887 808,488

Reverse repurchase agreements6 28,082 - 1,119 + 2,910 28,302

Foreign official and international accounts 28,082 - 1,119 + 2,910 28,302

Dealers 0 0 0 0

Treasury cash holdings 180 + 14 - 19 201

Deposits with F.R. Banks, other than reserve balances 12,109 - 192 - 2,455 11,866

U.S. Treasury, general account 4,740 - 320 - 656 4,500

Foreign official 91 0 - 8 91

Service-related 7,015 + 183 - 1,790 7,015

Required clearing balances 7,015 + 183 - 1,790 7,015

Adjustments to compensate for float 0 0 0 0

Other 264 - 55 - 1 260

Other liabilities and capital 36,439 + 101 + 3,331 36,119

Total factors, other than reserve balances,

absorbing reserve funds 883,067 - 568 + 30,655 884,975

Reserve balances with Federal Reserve Banks 5,998 - 4,175 - 2,993 5,083

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,730,274 + 17,705 + 219,790 1,738,464

U.S. Treasury 1,161,198 + 12,672 + 58,148 1,162,238

Federal agency 569,076 + 5,033 + 161,643 576,225

Securities lent to dealers 3,146 + 1,114 - 674 952

FEDERAL RESERVE statistical release

 December 14, 2006

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

 Dec 13, 2006 Week ended

 Dec 13, 2006 Dec 6, 2006 Dec 14, 2005
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 827 + 13 + 116

Securities, repurchase agreements, and loans 797,790 - 8,691 + 25,262

Securities held outright 775,603 + 1,388 + 31,414

U.S. Treasury1 775,603 + 1,388 + 31,414

Bills2 277,019 0 + 5,749

Notes and bonds, nominal2 464,445 + 1,430 + 14,850

Notes and bonds, inflation-indexed2 30,105 0 + 10,122

Inflation compensation3 4,035 - 42 + 694

Federal agency2 0 0 0

Repurchase agreements4 21,250 - 10,750 - 7,000

Loans 936 + 670 + 847

Items in process of collection (1,683) 7,585 + 158 - 943

Bank premises 1,921 - 2 + 73

Other assets5 36,444 + 186 - 366

Total assets (1,683) 857,804 - 8,336 + 24,143

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 771,295 + 1,638 + 24,724

Reverse repurchase agreements6 28,302 - 737 + 1,727

Deposits (0) 17,209 - 9,250 - 4,337

Depository institutions 12,358 - 9,217 - 3,870

U.S. Treasury, general account 4,500 - 23 - 490

Foreign official 91 - 3 + 7

Other (0) 260 - 7 + 16

Deferred availability cash items (1,683) 4,879 + 47 - 1,300

Other liabilities and accrued dividends7 6,011 + 43 + 1,630

Total liabilities (1,683) 827,696 - 8,258 + 22,444

Capital accounts

Capital paid in 15,314 + 6 + 1,784

Surplus 10,554 0 - 1,076

Other capital accounts 4,240 - 83 + 990

Total capital 30,108 - 77 + 1,699

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Dec 14, 2005

Eliminations from

consolidation Wednesday

 Dec 13, 2006

Wednesday

 Dec 6, 2006

3. Maturity Distribution of Loans and Securities, December 13, 2006

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 866 51,484 - 821 0 0 21,250 28,302

16 days to 90 days 71 168,695 + 1,111 0 0 0 0

91 days to 1 year 0 186,441 - 292 0 0 . . . . . . 

Over 1 year to 5 years . . . 221,541 + 1,416 0 0 . . . . . . 

Over 5 years to 10 years . . . 67,668 - 10 0 0 . . . . . . 

Over 10 years . . . 79,773 - 17 0 0 . . . . . . 

All 936 775,603 + 1,388 0 0 21,250 28,302

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on December 13, 2006Millions 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 2,200 827 797,790 775,603 775,603 277,019 498,584 0 21,250 936 9,268 1,921 36,444 0 859,487

Assets, liabilities, and capital

 4,139 874 51 309,174 287,072 287,072 102,532 184,540 0 21,250 853 276 207 11,828 -12,435 314,115

 486 115 25 37,018 37,011 37,011 13,219 23,792 0 0 7 330 116 1,209 + 42 39,342

 463 83 58 33,674 33,673 33,673 12,027 21,646 0 0 0 900 58 1,852 + 397 37,484

 446 104 79 33,490 33,490 33,490 11,962 21,529 0 0 0 890 157 2,271 - 3,500 33,938

 853 147 81 64,429 64,429 64,429 23,012 41,417 0 0 0 444 166 7,012 + 2,706 75,838

 1,023 166 99 64,938 64,931 64,931 23,191 41,740 0 0 7 1,210 231 2,728 + 8,381 78,777

 947 212 99 71,244 71,216 71,216 25,436 45,780 0 0 28 858 207 2,724 - 5,619 70,673

 328 71 38 24,642 24,642 24,642 8,801 15,841 0 0 0 183 77 732 + 797 26,869

 2   15,7 15,7 15,7 5,6 10,1    3 1 6 - 4 16,7
 955,565

 184,270 771,295 771,295 11,037 2,200 758,058 0 796,853 28,396 768,457

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.

 955,565 184,270 771,295 28,302 17,209 12,358 4,500 91 260 6,562 6,011 829,379 15,314 10,554 4,240 859,487

 39,311 3,501 35,810 1,351 669 668 0 1 0 418 277 38,525 396 309 112 39,342

 343,399 56,712 286,687 10,475 7,891 3,155 4,500 62 174 130 1,958 307,141 3,726 1,604 1,643 314,115

 38,849 7,654 31,194 1,229 501 499 0 2 0 991 304 34,219 1,809 723 733 37,484

 36,450 7,368 29,082 1,222 650 645 0 3 1 505 300 31,759 1,086 996 97 33,938

 75,447 12,523 62,924 2,351 1,253 1,166 0 11 75 480 670 67,678 4,091 3,238 831 75,838

 96,629 25,503 71,126 2,369 1,579 1,576 0 3 0 619 503 76,196 1,275 872 434 78,777

 79,928 15,655 64,274 2,599 1,076 1,073 0 3 0 414 543 68,906 855 838 74 70,673

 28,229 3,405 24,824 899 460 452 0 0 8 110 218 26,511 166 124 67 26,869

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

H.4.14. Statement of Condition of Each Federal Reserve Bank on December 13, 2006 (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

 Dec 13, 2006

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.