FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                                May 3, 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            May 2, 2007 Apr 25, 2007  May 3, 2006  May 2, 2007
Federal Reserve Banks

Reserve Bank Credit                                         866,926    +  16,947    +  43,871      875,167
 Securities held outright                                   787,183    +   2,396    +  27,489      787,210       
    U.S. Treasury (1)                                       787,183    +   2,396    +  27,489      787,210
       Bills (2)                                            277,019            0    +   1,649      277,019
       Notes and bonds, nominal (2)                         473,150    +   1,436    +  14,877      471,936
       Notes and bonds, inflation-indexed (2)                33,245    +     909    +  10,599       34,459
       Inflation compensation (3)                             3,769    +      50    +     365        3,796
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    38,750    +  13,786    +  13,679       48,000
 Loans to depository institutions                                66    -      49    -      72           76
    Primary credit                                                6    -      55    -      19            3
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              60    +       5    -      53           73
 Float                                                         -297    +     650    +   2,756       -1,135
 Other Federal Reserve assets                                41,225    +     166    +      20       41,017
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,431    +      14    +     495       38,431
       
Total factors supplying reserve funds                       918,598    +  16,961    +  44,366      926,839
                                                                   
Currency in circulation(5)                                  807,377    +     163    +  15,586      809,251
Reverse repurchase agreements (6)                            40,111    +   6,031    +  15,740       41,421
   Foreign official and international accounts               35,754    +   1,674    +  11,383       35,671
   Dealers                                                    4,357    +   4,357    +   4,357        5,750
Treasury cash holdings                                          296    -       9    +     115          275
Deposits with F.R.Banks, other than reserve balances         21,782    +   8,334    +   9,330       32,231       
  U.S. Treasury, general account                             14,887    +   8,353    +   9,521       25,350
  Foreign official                                               93    +       1    -       5           93
  Service-related                                             6,510    -      45    -     186        6,510
     Required clearing balances                               6,510    -      45    -     186        6,510
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         292    +      26    -       1          278
Other liabilities and capital                                38,834    -     207    +   5,114       38,317

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  908,400    +  14,313    +  45,884      921,495

Reserve balances with Federal Reserve Banks                  10,198    +   2,647    -   1,519        5,345
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,926,764    +   8,642    + 314,919    1,929,244
     U.S. Treasury                                        1,227,308    -     709    + 108,223    1,227,729
     Federal agency                                         699,456    +   9,351    + 206,696      701,515
  Securities lent to dealers                                  3,247    +     589    +   1,576        3,639   


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  May 2, 2007     Apr 25, 2007      May 3, 2006

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,073        +      54        +     270
Securities, repurchase agreements, and loans                   835,286        +  10,080        +  49,696
   Securities held outright                                    787,210        +      61        +  27,506
      U.S. Treasury (1)                                        787,210        +      61        +  27,506       
         Bills (2)                                             277,019                0        +   1,649
         Notes and bonds, nominal (2)                          471,936        -   2,123        +  13,663
         Notes and bonds, inflation-indexed (2)                 34,459        +   2,123        +  11,813
         Inflation compensation (3)                              3,796        +      60        +     381
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    48,000        +  10,000        +  22,250    
   Loans                                                            76        +      19        -      59
Items in process of collection                    (1,515)        3,984        +   1,277        -   2,378
Bank premises                                                    2,003        +      13        +     168
Other assets (5)                                                39,032        -     270        -     154
      Total assets                                (1,515)      894,615        +  11,154        +  47,601
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  772,163        +     732        +  14,948
Reverse repurchase agreements (6)                               41,421        +   7,396        +  16,943
Deposits                                              (0)       37,594        +   2,612        +  12,545       
  Depository institutions                                       11,873        -  10,493        -   7,535
  U.S. Treasury, general account                                25,350        +  13,100        +  20,135
  Foreign official                                                  93        +       1        -      23
  Other                                               (0)          278        +       4        -      32
Deferred availability cash items                  (1,515)        5,120        +     588        -   1,989
Other liabilities and accrued dividends (7)                      5,892        +      55        +   1,246
      Total liabilities                           (1,515)      862,190        +  11,383        +  43,694
                          
Capital Accounts
Capital paid in                                                 15,875        +       3        +   2,050
Surplus                                                         15,374        +      12        +   2,473
Other capital accounts                                           1,176        -     243        -     616
      Total capital                                             32,425        -     228        +   3,907


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,        May 2, 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              10       65,945   +   3,174            0           0       48,000       41,421
16 days to 90 days          66      164,712   -   4,995            0           0            0            0
91 days to 1 year            0      171,410   -   3,297            0           0     ------      ------
Over 1 to 5 years     ------        234,977   +   5,144            0           0     ------      ------
Over 5 to 10 years    ------         66,901   +      14            0           0     ------      ------
Over 10 years         ------         83,265   +      21            0           0     ------      ------
                   		 	
All                         76      787,210   +      61            0           0       48,000      41,421

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        May 2, 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        449      4,053        455        428        869      1,117        903        326        203        335        613      1,286
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,073         47         71         69        112         97        120        127         47         47         80        102        156
Securities, repurchase agreements,
      and loans                              835,286     38,497    302,427     36,950     34,179     72,364     77,466     70,088     26,706     16,671     27,048     36,696     96,192
   Securities held outright                  787,210     36,279    285,047     34,826     32,215     68,206     73,012     66,029     25,160     15,707     25,483     34,587     90,660
      U.S. Treasury (1)                      787,210     36,279    285,047     34,826     32,215     68,206     73,012     66,029     25,160     15,707     25,483     34,587     90,660
         Bills (2)                           277,019     12,767    100,308     12,255     11,336     24,001     25,693     23,235      8,854      5,527      8,967     12,171     31,903
         Notes and bonds(3)                  510,191     23,513    184,739     22,571     20,879     44,204     47,319     42,793     16,306     10,179     16,515     22,416     58,757
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                48,000      2,212     17,381      2,124      1,964      4,159      4,452      4,026      1,534        958      1,554      2,109      5,528
      Loans                                       76          6          0          0          0          0          2         33         12          7         12          0          4
Items in process of collection                 5,499        278         31        466        677        857        525        381        140        272        482        742        648
Bank premises                                  2,003        117        212         57        156        171        231        208         87        115        201        260        190
Other assets(5)                               39,032      1,320     12,174      3,237      2,226      7,187      3,348      2,563        806        737        791      1,045      3,599
Interdistrict settlement account                   0    - 3,086    + 9,730    - 2,681    - 5,076    -   160    + 4,189    -   147    -    71    - 1,154    +   750    +   749    - 3,044
          Total Assets                       896,130     37,738    329,571     38,636     32,807     81,533     87,161     74,335     28,111     16,921     29,752     40,304     99,260

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        May 2, 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             967,274     38,286    340,041     38,319     35,945     78,309    107,715     81,048     29,424     17,309     30,598     57,559    112,722
  Less: notes held by F.R. Banks              195,111      4,320     63,414      6,626      8,507     12,892     29,501     14,338      3,676      2,507      3,875     21,428     24,027
    Federal Reserve notes, net                772,163     33,966    276,626     31,693     27,438     65,417     78,214     66,710     25,748     14,802     26,723     36,132     88,695
Reverse repurchase agreements (1)              41,421      1,909     14,998      1,832      1,695      3,589      3,842      3,474      1,324        826      1,341      1,820      4,770
Deposits                                       37,594        414     27,311        382        592      2,580      1,332      1,525        317        224        427        728      1,762
  Depository institutions                      11,873        412      1,714        378        589      2,488      1,329      1,523        310        219        426        727      1,758
  U.S. Treasury, general account               25,350          0     25,350          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 93          1         63          5          3         11          3          2          0          1          0          1          3
  Other                                           278          1        184          0          0         82          0          0          6          4          1          0          0
Deferred availability cash items                6,634        372        140        811        642      1,103        514        340        145        275        671        771        852
Other liabilities and accrued                 
  dividends (2)                                 5,892        258      1,825        288        278        764        577        479        215        150        210        273        574
   
    Total liabilities                         863,705     36,919    320,900     35,007     30,644     73,453     84,480     72,528     27,749     16,277     29,373     39,723     96,652
                              
Capital                    
Capital paid in                                15,875        397      4,220      1,810      1,064      3,972      1,317        877        172        317        180        278      1,272
Surplus                                        15,374        396      3,771      1,810      1,087      4,095      1,276        859        166        276        176        213      1,247
Other capital                                   1,176         26        680          9         12         13         87         71         24         52         23         90         89
     Total liabilities and capital            896,130     37,738    329,571     38,636     32,807     81,533     87,161     74,335     28,111     16,921     29,752     40,304     99,260
                              

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
                                           May 2, 2007
              
Federal Reserve notes outstanding             967,274
   Less: Notes held by F.R. Banks
         not subject to collateralization     195,111
      Federal Reserve Notes to be
         collateralized                       772,163 
Collateral held against Federal Reserve            
   notes                                      772,163
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              758,926
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         835,210
   Less:face value of securities under
         reverse repurchase agreements         41,487
      U.S. Treasury and agency securities
             eligible to be pledged           793,723
   

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.