FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           February 1, 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           Jan 31, 2007 Jan 24, 2007  Feb 1, 2006 Jan 31, 2007
Federal Reserve Banks

Reserve Bank Credit                                         844,206    +   7,114    +  29,860      851,098
 Securities held outright                                   778,868    -      12    +  30,196      778,863       
    U.S. Treasury (1)                                       778,868    -      12    +  30,196      778,863
       Bills (2)                                            277,019            0    +   4,182      277,019
       Notes and bonds, nominal (2)                         467,694    -     170    +  16,023      466,675
       Notes and bonds, inflation-indexed (2)                30,757    +     170    +   9,821       31,776
       Inflation compensation (3)                             3,398    -      12    +     169        3,393
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    25,500    +   6,893    +     107       32,000
 Loans to depository institutions                               210    -     109    +     170        1,326
    Primary credit                                              189    -     109    +     178        1,309
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              22    +       1    -       7           18
 Float                                                         -941    -     400    -     759       -1,482
 Other Federal Reserve assets                                40,569    +     742    +     146       40,391
Gold stock                                                   11,041            0    -       2       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,289    +      14    +   1,750       38,289
       
Total factors supplying reserve funds                       895,736    +   7,128    +  31,608      902,628
                                                                   
Currency in circulation(5)                                  800,843    -   2,496    +  19,823      802,635
Reverse repurchase agreements (6)                            31,706    +   2,296    +   7,895       32,379
   Foreign official and international accounts               31,706    +   2,296    +   7,895       32,379
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          210    -      10    -       5          175
Deposits with F.R.Banks, other than reserve balances         12,268    -      98    -   1,916       13,264       
  U.S. Treasury, general account                              5,055    -      57    -      62        6,053
  Foreign official                                               90    -      19    +       7           90
  Service-related                                             6,835    -       2    -   1,875        6,835
     Required clearing balances                               6,835    -       2    -   1,875        6,835
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         287    -      21    +      13          285
Other liabilities and capital                                37,417    +     393    +   5,931       36,727

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  882,443    +      83    +  31,728      885,179

Reserve balances with Federal Reserve Banks                  13,293    +   7,045    -     120       17,449
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,790,193    +  10,882    + 250,155    1,791,200
     U.S. Treasury                                        1,173,303    +   4,123    +  71,665    1,176,156
     Federal agency                                         616,890    +   6,759    + 178,490      615,043
  Securities lent to dealers                                  1,289    -     378    -   2,424        3,513   


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 Jan 31, 2007     Jan 24, 2007      Feb 1, 2006

Assets
Gold certificate account                                        11,037                0        -       3
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,069        +      85        +     259
Securities, repurchase agreements, and loans                   812,189        +  14,288        +  40,293
   Securities held outright                                    778,863        -      12        +  30,023
      U.S. Treasury (1)                                        778,863        -      12        +  30,023       
         Bills (2)                                             277,019                0        +   4,165
         Notes and bonds, nominal (2)                          466,675        -   1,189        +  16,095
         Notes and bonds, inflation-indexed (2)                 31,776        +   1,189        +   9,580
         Inflation compensation (3)                              3,393        -      13        +     183
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    32,000        +  13,000        +   9,000    
   Loans                                                         1,326        +   1,300        +   1,271
Items in process of collection                      (829)        2,729        -     389        -   5,779
Bank premises                                                    1,962        +      13        +     138
Other assets (5)                                                38,373        -      23        -      13
      Total assets                                  (829)      869,559        +  13,974        +  34,896
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  765,586        -     252        +  17,408
Reverse repurchase agreements (6)                               32,379        +   2,960        +   9,199
Deposits                                              (0)       30,657        +  11,644        +   5,752       
  Depository institutions                                       24,228        +  11,020        +   4,822
  U.S. Treasury, general account                                 6,053        +     641        +     958
  Foreign official                                                  90                0        +       7
  Other                                               (0)          285        -      18        -      36
Deferred availability cash items                    (829)        4,211                0        -   3,242
Other liabilities and accrued dividends (7)                      5,568        +      17        +   1,466
      Total liabilities                             (829)      838,400        +  14,367        +  30,582
                          
Capital Accounts
Capital paid in                                                 15,358        +      26        +   1,800
Surplus                                                         15,127        +      35        +   2,248
Other capital accounts                                             674        -     454        +     266
      Total capital                                             31,159        -     393        +   4,314


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,   January 31, 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           1,325       56,075   -   2,079            0           0       32,000       32,379
16 days to 90 days           1      169,534   +   6,702            0           0            0            0
91 days to 1 year            0      179,349   -   5,552            0           0     ------      ------
Over 1 to 5 years     ------        222,478   -     264            0           0     ------      ------
Over 5 to 10 years    ------         69,780   -       3            0           0     ------      ------
Over 10 years         ------         81,647   +   1,183            0           0     ------      ------
                   		 	
All                      1,326      778,863   -      12            0           0       32,000      32,379

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   January 31, 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        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                                           1,069         42         73         70        103        105        119        130         48         45         81         99        155
Securities, repurchase agreements,
      and loans                              812,189     37,175    321,032     33,815     34,079     64,700     65,304     71,519     24,747     15,838     22,808     34,954     86,217
   Securities held outright                  778,863     37,166    288,278     33,815     33,631     64,700     65,204     71,515     24,746     15,834     22,807     34,954     86,212
      U.S. Treasury (1)                      778,863     37,166    288,278     33,815     33,631     64,700     65,204     71,515     24,746     15,834     22,807     34,954     86,212
         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)                  501,844     23,947    185,746     21,788     21,669     41,688     42,013     46,079     15,944     10,202     14,695     22,522     55,549
         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                                    1,326          9        754          0        448          0        100          4          1          4          1          0          5
Items in process of collection                 3,558        179         61        543        354        395        321        210        118        173        473        211        519
Bank premises                                  1,962        117        211         58        157        171        231        206         82        116        167        260        186
Other assets(5)                               38,373      1,293     12,877      1,886      2,332      7,093      2,828      2,864        798        738        767      1,008      3,890
Interdistrict settlement account                   0    -   341    -23,974    -    40    - 3,532    + 4,077    +11,713    - 1,693    + 1,779    +   885    + 4,155    + 2,675    + 4,297
          Total Assets                       870,388     39,067    315,294     36,877     34,043     77,540     81,705     74,393     27,971     18,036     28,840     39,880     96,742

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   January 31, 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             960,128     39,080    341,101     38,237     36,107     75,188    100,052     82,402     29,123     17,410     30,804     56,697    113,927
  Less: notes held by F.R. Banks              194,542      3,969     62,472      7,596      7,570     13,006     27,000     15,220      3,416      2,629      4,400     20,249     27,016
    Federal Reserve notes, net                765,586     35,112    278,630     30,641     28,537     62,182     73,052     67,182     25,707     14,781     26,404     36,447     86,911
Reverse repurchase agreements (1)              32,379      1,545     11,984      1,406      1,398      2,690      2,711      2,973      1,029        658        948      1,453      3,584
Deposits                                       30,657        981     15,040        457      1,139      3,206      2,250      1,659        547      1,623        571        862      2,322
  Depository institutions                      24,228        977      8,760        454      1,135      3,094      2,247      1,656        535      1,622        569        859      2,318
  U.S. Treasury, general account                6,053          0      6,053          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 90          1         61          2          3         11          3          3          0          1          1          0          4
  Other                                           285          3        166          1          0        101          0          0         11          0          1          2          0
Deferred availability cash items                5,040        349        101        706        501        623        569        292        119        262        351        385        781
Other liabilities and accrued                 
  dividends (2)                                 5,568        261      1,812        258        274        581        513        505        213        146        188        275        542
   
    Total liabilities                         839,230     38,248    307,568     33,467     31,848     69,282     79,094     72,611     27,615     17,470     28,462     39,423     94,140
                              
Capital                    
Capital paid in                                15,358        396      3,725      1,810      1,087      4,093      1,274        859        167        277        178        215      1,277
Surplus                                        15,127        396      3,738      1,600      1,087      4,094      1,276        858        166        276        176        212      1,247
Other capital                                     674         26        263          0         22         71         60         65         22         12         24         31         77
     Total liabilities and capital            870,388     39,067    315,294     36,877     34,043     77,540     81,705     74,393     27,971     18,036     28,840     39,880     96,742
                              

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
                                          Jan 31, 2007
              
Federal Reserve notes outstanding             960,128
   Less: Notes held by F.R. Banks
         not subject to collateralization     194,542
      Federal Reserve Notes to be
         collateralized                       765,586 
Collateral held against Federal Reserve            
   notes                                      765,586
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              752,349
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         810,863
   Less:face value of securities under
         reverse repurchase agreements         32,428
      U.S. Treasury and agency securities
             eligible to be pledged           778,435
   

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.