FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          November 24, 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           Nov 22, 2006 Nov 15, 2006 Nov 23, 2005 Nov 22, 2006
Federal Reserve Banks

Reserve Bank Credit                                         838,938    +   4,106    +  32,430      850,597
 Securities held outright                                   770,558    +     206    +  27,058      771,873       
    U.S. Treasury (1)                                       770,558    +     206    +  27,058      771,873
       Bills (2)                                            277,019            0    +   5,891      277,019
       Notes and bonds, nominal (2)                         459,264    +     247    +  10,106      460,598
       Notes and bonds, inflation-indexed (2)                30,105            0    +  10,122       30,105
       Inflation compensation (3)                             4,171    -      40    +     940        4,152
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    31,964    +   6,178    +   7,393       43,000
 Loans to depository institutions                               199    +      77    +      81          139
    Primary credit                                              100    +      97    +      77           43
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              99    -      19    +       5           96
 Float                                                         -382    +      84    -   1,478       -1,425
 Other Federal Reserve assets                                36,598    -   2,441    -     625       37,009
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,182    +      14    +   1,670       38,182
       
Total factors supplying reserve funds                       890,361    +   4,120    +  34,100      902,020
                                                                   
Currency in circulation(5)                                  803,033    +   3,097    +  26,070      807,852
Reverse repurchase agreements (6)                            31,193    -   1,282    +   6,265       29,335
   Foreign official and international accounts               31,193    -   1,282    +   6,265       29,335
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          175    -       7    -      35          163
Deposits with F.R.Banks, other than reserve balances         11,846    -     340    -   2,488       11,305       
  U.S. Treasury, general account                              4,663    -     297    -     444        4,128
  Foreign official                                               91            0    +      10           92
  Service-related                                             6,805    -      22    -   2,018        6,805
     Required clearing balances                               6,805    -       2    -   2,018        6,805
     Adjustments to compensate for float                          0    -      20            0            0
  Other                                                         288    -      20    -      35          280
Other liabilities and capital                                35,165    +     428    +   3,054       35,396

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  881,412    +   1,896    +  32,866      884,051

Reserve balances with Federal Reserve Banks                   8,949    +   2,224    +   1,234       17,969
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,709,606    +   5,882    + 209,957    1,713,472
     U.S. Treasury                                        1,151,353    +   1,769    +  52,922    1,150,626
     Federal agency                                         558,252    +   4,112    + 157,034      562,845
  Securities lent to dealers                                    688    +      74    -   3,013        1,557   


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 Nov 22, 2006     Nov 15, 2006     Nov 23, 2005

Assets
Gold certificate account                                        11,037                0        +       1
Special drawing rights certificate account                       2,200                0                0
Coin                                                               805        -      28        +      99
Securities, repurchase agreements, and loans                   815,012        +   9,594        +  38,104
   Securities held outright                                    771,873        +   1,823        +  27,572
      U.S. Treasury (1)                                        771,873        +   1,823        +  27,572       
         Bills (2)                                             277,019                0        +   5,749
         Notes and bonds, nominal (2)                          460,598        +   1,868        +  10,814
         Notes and bonds, inflation-indexed (2)                 30,105                0        +  10,122
         Inflation compensation (3)                              4,152        -      45        +     889
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    43,000        +   7,750        +  10,500    
   Loans                                                           139        +      21        +      31
Items in process of collection                    (1,194)        3,076        -     800        -   4,391
Bank premises                                                    1,910        +       1        +      67
Other assets (5)                                                35,053        +     764        -     548
      Total assets                                (1,194)      869,093        +   9,531        +  33,332
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  770,633        +   5,678        +  25,051
Reverse repurchase agreements (6)                               29,335        -   3,429        +   4,848
Deposits                                              (0)       29,228        +   6,359        +   2,332       
  Depository institutions                                       24,727        +   7,063        +   2,343
  U.S. Treasury, general account                                 4,128        -     692        -      34
  Foreign official                                                  92                0        +      12
  Other                                               (0)          280        -      14        +      10
Deferred availability cash items                  (1,194)        4,501        +     143        -   2,198
Other liabilities and accrued dividends (7)                      5,932        -       5        +   1,738
      Total liabilities                           (1,194)      839,628        +   8,744        +  31,769
                          
Capital Accounts
Capital paid in                                                 15,295        +       6        +   1,797
Surplus                                                         10,554                0        -   1,076
Other capital accounts                                           3,616        +     781        +     841
      Total capital                                             29,465        +     787        +   1,562


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,  November 22, 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             136       58,834   +     849            0           0       43,000       29,335
16 days to 90 days           3      158,397   +   3,178            0           0            0            0
91 days to 1 year            0      189,455   -   3,810            0           0     ------      ------
Over 1 to 5 years     ------        219,213   +   1,534            0           0     ------      ------
Over 5 to 10 years    ------         67,249   +   5,201            0           0     ------      ------
Over 10 years         ------         78,726   -   5,127            0           0     ------      ------
                   		 	
All                        139      771,873   +   1,823            0           0       43,000      29,335

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  November 22, 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                                             805         22         42         58         75         78         94         95         41         31         64         77        129
Securities, repurchase agreements,
      and loans                              815,012     36,834    328,691     33,511     33,329     64,120     64,624     70,916     24,567     15,717     22,621     34,643     85,439
   Securities held outright                  771,873     36,833    285,691     33,511     33,329     64,120     64,619     70,873     24,524     15,692     22,602     34,641     85,439
      U.S. Treasury (1)                      771,873     36,833    285,691     33,511     33,329     64,120     64,619     70,873     24,524     15,692     22,602     34,641     85,439
         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)                  494,855     23,614    183,159     21,484     21,368     41,108     41,428     45,437     15,722     10,060     14,490     22,208     54,776
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                43,000          0     43,000          0          0          0          0          0          0          0          0          0          0
      Loans                                      139          2          0          0          0          0          5         43         44         25         19          2          0
Items in process of collection                 4,270        256        154       -579        585        359        630        200        136        453        699        407        970
Bank premises                                  1,910        115        207         58        157        164        231        209         75        116        137        260        179
Other assets(5)                               35,053      1,149     11,332      1,867      2,208      6,840      2,571      2,598        685        669        677        879      3,579
Interdistrict settlement account                   0    -   277    -18,721    + 2,174    - 1,678    + 5,992    + 9,156    - 4,793    -    66    +    22    + 2,383    +   776    + 5,031
          Total Assets                       870,287     38,701    326,719     37,635     35,227     78,553     78,495     70,383     25,837     17,250     26,970     37,714     96,802

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  November 22, 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             946,742     38,514    344,231     39,029     36,704     75,101     96,159     78,432     27,245     17,571     28,619     53,558    111,579
  Less: notes held by F.R. Banks              176,108      3,539     53,424      7,452      6,993     11,826     25,149     14,882      3,472      2,375      4,114     18,930     23,952
    Federal Reserve notes, net                770,633     34,975    290,808     31,577     29,710     63,276     71,009     63,550     23,774     15,195     24,505     34,628     87,626
Reverse repurchase agreements (1)              29,335      1,400     10,858      1,274      1,267      2,437      2,456      2,694        932        596        859      1,317      3,247
Deposits                                       29,228        831     16,775        532      1,261      3,408      1,376      1,437        425        281        435        705      1,762
  Depository institutions                      24,727        826     12,407        530      1,257      3,303      1,373      1,434        421        281        433        705      1,758
  U.S. Treasury, general account                4,128          0      4,128          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 92          1         63          2          3         11          3          3          0          1          1          0          4
  Other                                           280          4        176          0          1         93          0          0          4          0          1          0          0
Deferred availability cash items                5,694        397        133        764        476        516        645        353        129        452        605        316        910
Other liabilities and accrued                 
  dividends (2)                                 5,932        278      1,937        299        294        639        496        543        218        156        192        291        589
   
    Total liabilities                         840,822     37,881    320,509     34,445     33,008     70,275     75,981     68,576     25,478     16,681     26,596     37,257     94,134
                              
Capital                    
Capital paid in                                15,295        390      3,726      1,812      1,086      4,087      1,276        846        166        276        176        210      1,244
Surplus                                        10,554        309      1,604        723        996      3,238        872        838        124        235        166        121      1,328
Other capital                                   3,616        121        879        655        137        954        365        123         68         57         33        126         97
     Total liabilities and capital            870,287     38,701    326,719     37,635     35,227     78,553     78,495     70,383     25,837     17,250     26,970     37,714     96,802
                              

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
                                          Nov 22, 2006
              
Federal Reserve notes outstanding             946,742
   Less: Notes held by F.R. Banks
         not subject to collateralization     176,108
      Federal Reserve Notes to be
         collateralized                       770,633 
Collateral held against Federal Reserve            
   notes                                      770,633
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              757,397
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         814,873
   Less:face value of securities under
         reverse repurchase agreements         29,528
      U.S. Treasury and agency securities
             eligible to be pledged           785,346
   

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.