FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             March 29, 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           Mar 28, 2007 Mar 21, 2007 Mar 29, 2006 Mar 28, 2007
Federal Reserve Banks

Reserve Bank Credit                                         852,122    +     997    +  38,019      855,715
 Securities held outright                                   780,882    +      25    +  22,369      780,890       
    U.S. Treasury (1)                                       780,882    +      25    +  22,369      780,890
       Bills (2)                                            277,019            0    +   1,649      277,019
       Notes and bonds, nominal (2)                         468,553            0    +  11,376      468,553
       Notes and bonds, inflation-indexed (2)                31,776            0    +   9,130       31,776
       Inflation compensation (3)                             3,534    +      25    +     214        3,543
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    32,179    +     429    +  11,429       36,000
 Loans to depository institutions                                80    +      40    -      11           28
    Primary credit                                               52    +      42    +      16            0
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              28    -       2    -      27           28
 Float                                                         -553    +      50    -     262         -989
 Other Federal Reserve assets                                39,534    +     453    +   4,494       39,785
Gold stock                                                   11,041            0    -       3       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,366    +      14    +     500       38,366
       
Total factors supplying reserve funds                       903,729    +   1,012    +  38,516      907,321
                                                                   
Currency in circulation(5)                                  805,493    -     805    +  17,047      807,386
Reverse repurchase agreements (6)                            37,444    -   1,793    +  14,551       37,643
   Foreign official and international accounts               37,444    -   1,793    +  14,551       37,643
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          274    +      37    +      70          301
Deposits with F.R.Banks, other than reserve balances         12,365    -     404    -   1,320       12,135       
  U.S. Treasury, general account                              4,990    -     418    -     410        4,772
  Foreign official                                               99    +       9    +      14           91
  Service-related                                             7,040    -       1    -     941        7,040
     Required clearing balances                               7,040    -       1    -     941        7,040
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         236    +       7    +      17          231
Other liabilities and capital                                38,759    -      25    +   5,864       38,468

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  894,336    -   2,988    +  36,212      895,933

Reserve balances with Federal Reserve Banks                   9,393    +   3,999    +   2,304       11,388
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,879,744    +   3,889    + 287,555    1,884,794
     U.S. Treasury                                        1,210,818    -   6,610    +  83,278    1,213,661
     Federal agency                                         668,926    +  10,499    + 204,277      671,133
  Securities lent to dealers                                    581    -   1,066    -     344        1,994   


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 Mar 28, 2007     Mar 21, 2007     Mar 29, 2006

Assets
Gold certificate account                                        11,037                0        -       3
Special drawing rights certificate account                       2,200                0                0
Coin                                                               921        -      10        +     132
Securities, repurchase agreements, and loans                   816,919        +   6,273        +  38,639
   Securities held outright                                    780,890        +      24        +  22,361
      U.S. Treasury (1)                                        780,890        +      24        +  22,361       
         Bills (2)                                             277,019                0        +   1,649
         Notes and bonds, nominal (2)                          468,553                0        +  11,376
         Notes and bonds, inflation-indexed (2)                 31,776                0        +   9,130
         Inflation compensation (3)                              3,543        +      25        +     207
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    36,000        +   6,250        +  16,500    
   Loans                                                            28        -       1        -     223
Items in process of collection                      (853)        2,819        -      86        -   2,440
Bank premises                                                    1,975        +       1        +     151
Other assets (5)                                                37,811        +     551        +     340
      Total assets                                  (853)      873,681        +   6,729        +  36,819
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  770,238        +     186        +  17,111
Reverse repurchase agreements (6)                               37,643        -     854        +  15,224
Deposits                                              (0)       23,524        +   7,203        +     643       
  Depository institutions                                       18,429        +   7,139        +     470
  U.S. Treasury, general account                                 4,772        +      51        +     153
  Foreign official                                                  91        +       1        +       7
  Other                                               (0)          231        +      11        +      12
Deferred availability cash items                    (853)        3,808        -       5        -   2,145
Other liabilities and accrued dividends (7)                      5,852        +      41        +   1,205
      Total liabilities                             (853)      841,066        +   6,572        +  32,039
                          
Capital Accounts
Capital paid in                                                 15,841        -      16        +   2,093
Surplus                                                         15,361        +      22        +   2,460
Other capital accounts                                           1,414        +     152        +     228
      Total capital                                             32,615        +     157        +   4,780


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,     March 28, 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              28       57,927   -     835            0           0       36,000       37,643
16 days to 90 days           0      174,578   +     727            0           0            0            0
91 days to 1 year            0      174,718   +     110            0           0     ------      ------
Over 1 to 5 years     ------        224,582   +       6            0           0     ------      ------
Over 5 to 10 years    ------         66,552   +       6            0           0     ------      ------
Over 10 years         ------         82,534   +      10            0           0     ------      ------
                   		 	
All                         28      780,890   +      24            0           0       36,000      37,643

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     March 28, 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                                             921         37         60         64         98         86         92        107         39         38         67         87        145
Securities, repurchase agreements,
      and loans                              816,919     38,987    302,354     35,466     35,273     67,859     68,387     75,020     25,954     16,614     23,922     36,661     90,422
   Securities held outright                  780,890     37,263    289,029     33,903     33,719     64,869     65,374     71,701     24,810     15,875     22,866     35,045     86,437
      U.S. Treasury (1)                      780,890     37,263    289,029     33,903     33,719     64,869     65,374     71,701     24,810     15,875     22,866     35,045     86,437
         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)                  503,872     24,044    186,497     21,876     21,757     41,857     42,183     46,265     16,009     10,243     14,754     22,613     55,774
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                36,000      1,718     13,325      1,563      1,554      2,991      3,014      3,306      1,144        732      1,054      1,616      3,985
      Loans                                       28          7          0          0          0          0          0         13          0          7          2          0          0
Items in process of collection                 3,672        129         58        482        217        370        637        196        143        134        302        273        730
Bank premises                                  1,975        117        211         57        157        170        231        207         82        115        178        260        189
Other assets(5)                               37,811      1,292     11,879      3,164      2,208      6,999      3,094      2,584        749        716        705      1,011      3,409
Interdistrict settlement account                   0    - 2,813    - 8,020    - 1,832    - 4,968    +   985    +14,105    - 5,150    +   587    -   697    + 3,780    + 1,673    + 2,349
          Total Assets                       874,534     38,351    311,555     37,948     33,535     77,470     87,736     74,123     27,954     17,161     29,345     40,638     98,718

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     March 28, 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             964,904     38,665    340,137     38,067     36,006     75,063    107,643     81,647     29,333     17,317     30,728     57,090    113,209
  Less: notes held by F.R. Banks              194,666      4,524     64,512      6,708      7,978     13,224     28,174     14,809      3,575      2,442      4,003     20,088     24,629
    Federal Reserve notes, net                770,238     34,141    275,625     31,359     28,027     61,839     79,469     66,838     25,758     14,875     26,726     37,002     88,580
Reverse repurchase agreements (1)              37,643      1,796     13,933      1,634      1,625      3,127      3,151      3,456      1,196        765      1,102      1,689      4,167
Deposits                                       23,524      1,035     11,267        435        993      3,137      1,359      1,222        302        467        532        775      2,000
  Depository institutions                      18,429      1,033      6,269        430        989      3,075      1,356      1,220        289        466        530        775      1,997
  U.S. Treasury, general account                4,772          0      4,772          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 91          1         61          5          3         11          3          2          0          1          0          1          3
  Other                                           231          1        164          1          1         51          0          0         13          0          1          0          0
Deferred availability cash items                4,661        283        121        578        418        529        534        293        129        250        420        319        788
Other liabilities and accrued                 
  dividends (2)                                 5,852        268      1,875        280        285        702        522        518        214        155        188        283        563
   
    Total liabilities                         841,919     37,523    302,820     34,287     31,348     69,334     85,035     72,327     27,599     16,512     28,968     40,068     96,097
                              
Capital                    
Capital paid in                                15,841        396      4,220      1,811      1,060      3,972      1,313        863        168        317        179        276      1,267
Surplus                                        15,361        396      3,760      1,810      1,087      4,094      1,276        859        166        276        176        212      1,247
Other capital                                   1,414         36        754         41         41         70        111         74         20         57         22         82        107
     Total liabilities and capital            874,534     38,351    311,555     37,948     33,535     77,470     87,736     74,123     27,954     17,161     29,345     40,638     98,718
                              

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
                                          Mar 28, 2007
              
Federal Reserve notes outstanding             964,904
   Less: Notes held by F.R. Banks
         not subject to collateralization     194,666
      Federal Reserve Notes to be
         collateralized                       770,238 
Collateral held against Federal Reserve            
   notes                                      770,238
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              757,001
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         816,890
   Less:face value of securities under
         reverse repurchase agreements         37,712
      U.S. Treasury and agency securities
             eligible to be pledged           779,179
   

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.