FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          November 16, 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 15, 2006  Nov 8, 2006 Nov 16, 2005 Nov 15, 2006
Federal Reserve Banks

Reserve Bank Credit                                         834,832    -     405    +  25,961      841,179
 Securities held outright                                   770,352    +     381    +  28,277      770,050       
    U.S. Treasury (1)                                       770,352    +     381    +  28,277      770,050
       Bills (2)                                            277,019            0    +   6,001      277,019
       Notes and bonds, nominal (2)                         459,017    -      48    +  11,111      458,730
       Notes and bonds, inflation-indexed (2)                30,105    +     424    +  10,122       30,105
       Inflation compensation (3)                             4,211    +       5    +   1,043        4,197
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    25,786    +   2,250    +     179       35,250
 Loans to depository institutions                               122    -      47    -      30          118
    Primary credit                                                3    -      42    -      43            1
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             118    -       6    +      12          117
 Float                                                         -466    -   1,097    -   2,161         -482
 Other Federal Reserve assets                                39,039    -   1,892    -     304       36,243
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,168    +      14    +   1,684       38,168
       
Total factors supplying reserve funds                       886,241    -     392    +  27,645      892,588
                                                                   
Currency in circulation(5)                                  799,936    +   2,584    +  23,693      802,118
Reverse repurchase agreements (6)                            32,475    +     310    +   6,918       32,764
   Foreign official and international accounts               32,475    +     310    +   6,918       32,764
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          182    -       8    -      37          177
Deposits with F.R.Banks, other than reserve balances         12,186    -     151    -   1,527       12,033       
  U.S. Treasury, general account                              4,960    -      74    +     438        4,820
  Foreign official                                               91    -       9    +       3           92
  Service-related                                             6,827    -     104    -   2,014        6,827
     Required clearing balances                               6,807    -     124    -   2,018        6,807
     Adjustments to compensate for float                         20    +      20    +       4           20
  Other                                                         308    +      36    +      46          294
Other liabilities and capital                                34,737    -   1,900    +   2,996       34,616

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  879,516    +     835    +  32,043      881,707

Reserve balances with Federal Reserve Banks                   6,725    -   1,227    -   4,398       10,882
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,703,724    +   7,660    + 215,665    1,705,897
     U.S. Treasury                                        1,149,584    +   4,950    +  58,739    1,149,474
     Federal agency                                         554,140    +   2,710    + 156,926      556,423
  Securities lent to dealers                                    614    -   1,036    -   2,375        2,454   


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 15, 2006      Nov 8, 2006     Nov 16, 2005

Assets
Gold certificate account                                        11,037                0        +       1
Special drawing rights certificate account                       2,200                0                0
Coin                                                               833        -      14        +     105
Securities, repurchase agreements, and loans                   805,418        +   3,175        +  42,433
   Securities held outright                                    770,050        -     375        +  27,172
      U.S. Treasury (1)                                        770,050        -     375        +  27,172       
         Bills (2)                                             277,019                0        +   6,001
         Notes and bonds, nominal (2)                          458,730        -     335        +  10,042
         Notes and bonds, inflation-indexed (2)                 30,105                0        +  10,122
         Inflation compensation (3)                              4,197        -      39        +   1,009
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    35,250        +   3,750        +  15,250    
   Loans                                                           118        -     200        +      11
Items in process of collection                    (1,010)        3,876        -   1,288        -   8,093
Bank premises                                                    1,909        +       5        +      68
Other assets (5)                                                34,289        -   4,955        -     837
      Total assets                                (1,010)      859,562        -   3,077        +  33,677
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  764,955        +   1,772        +  23,664
Reverse repurchase agreements (6)                               32,764        +   1,277        +   7,446
Deposits                                              (0)       22,869        -   4,437        +   3,151       
  Depository institutions                                       17,664        -   4,588        +   2,703
  U.S. Treasury, general account                                 4,820        +     196        +     404
  Foreign official                                                  92        -      63        +      11
  Other                                               (0)          294        +      19        +      33
Deferred availability cash items                  (1,010)        4,358        -      92        -   3,650
Other liabilities and accrued dividends (7)                      5,937        +     327        +   1,788
      Total liabilities                           (1,010)      830,884        -   1,152        +  32,400
                          
Capital Accounts
Capital paid in                                                 15,289        -       7        +   1,831
Surplus                                                         10,554        -   2,347        -   1,076
Other capital accounts                                           2,835        +     429        +     521
      Total capital                                             28,678        -   1,925        +   1,276


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 15, 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              32       57,985   +  15,091            0           0       35,250       32,764
16 days to 90 days          86      155,219   -  22,976            0           0            0            0
91 days to 1 year            0      193,265   +   6,091            0           0     ------      ------
Over 1 to 5 years     ------        217,679   -     851            0           0     ------      ------
Over 5 to 10 years    ------         62,048   -       9            0           0     ------      ------
Over 10 years         ------         83,853   +   2,278            0           0     ------      ------
                   		 	
All                        118      770,050   -     375            0           0       35,250      32,764

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 15, 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                                             833         25         44         60         74         81        103         98         39         30         64         78        136
Securities, repurchase agreements,
      and loans                              805,418     36,748    320,267     33,432     33,251     63,968     64,474     70,757     24,466     15,689     22,568     34,561     85,238
   Securities held outright                  770,050     36,746    285,017     33,432     33,251     63,968     64,466     70,706     24,466     15,655     22,549     34,559     85,237
      U.S. Treasury (1)                      770,050     36,746    285,017     33,432     33,251     63,968     64,466     70,706     24,466     15,655     22,549     34,559     85,237
         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)                  493,032     23,527    182,484     21,405     21,289     40,956     41,275     45,270     15,664     10,023     14,437     22,127     54,574
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                35,250          0     35,250          0          0          0          0          0          0          0          0          0          0
      Loans                                      118          2          0          0          0          0          8         51          1         34         19          3          1
Items in process of collection                 4,885        156        168        676        357        356        564        185        171        253        544        372      1,085
Bank premises                                  1,909        115        207         58        157        164        231        209         75        116        137        259        179
Other assets(5)                               34,289      1,122     11,095      1,731      2,181      6,754      2,501      2,534        696        659        661        854      3,500
Interdistrict settlement account                   0    -   487    -15,629    + 1,039    - 1,480    + 7,030    + 8,416    - 5,335    +    20    +   168    + 2,577    -    89    + 3,769
          Total Assets                       860,571     38,279    321,166     37,542     35,090     79,353     77,478     69,607     25,867     17,157     26,941     36,709     95,383

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 15, 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             945,589     38,439    344,971     39,084     36,779     75,242     95,481     78,252     27,330     17,578     28,747     52,962    110,725
  Less: notes held by F.R. Banks              180,634      3,854     53,853      7,756      7,028     12,261     25,631     15,487      3,643      2,421      4,335     19,391     24,973
    Federal Reserve notes, net                764,955     34,584    291,118     31,328     29,751     62,981     69,850     62,765     23,687     15,157     24,412     33,571     85,753
Reverse repurchase agreements (1)              32,764      1,563     12,127      1,422      1,415      2,722      2,743      3,008      1,041        666        959      1,470      3,627
Deposits                                       22,869        754      9,946        465        925      4,286      1,399      1,294        447        293        523        661      1,876
  Depository institutions                      17,664        743      4,898        463        887      4,177      1,396      1,291        430        292        522        694      1,871
  U.S. Treasury, general account                4,820          0      4,820          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 92          1         64          2          3         11          3          3          0          1          1          0          4
  Other                                           294         10        165          0         35         98          0          0         17          0          1        -33          0
Deferred availability cash items                5,367        298        184        880        505        544        551        261        121        333        495        291        904
Other liabilities and accrued                 
  dividends (2)                                 5,937        279      1,940        297        294        642        494        541        220        154        192        295        589
   
    Total liabilities                         831,893     37,478    315,314     34,392     32,889     71,174     75,037     67,869     25,516     16,604     26,582     36,290     92,748
                              
Capital                    
Capital paid in                                15,289        390      3,727      1,811      1,086      4,084      1,274        846        166        276        175        210      1,243
Surplus                                        10,554        309      1,604        723        996      3,238        872        838        124        235        166        121      1,328
Other capital                                   2,835        102        520        615        119        857        295         54         60         42         18         88         65
     Total liabilities and capital            860,571     38,279    321,166     37,542     35,090     79,353     77,478     69,607     25,867     17,157     26,941     36,709     95,383
                              

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 15, 2006
              
Federal Reserve notes outstanding             945,589
   Less: Notes held by F.R. Banks
         not subject to collateralization     180,634
      Federal Reserve Notes to be
         collateralized                       764,955 
Collateral held against Federal Reserve            
   notes                                      764,955
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              751,719
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         805,300
   Less:face value of securities under
         reverse repurchase agreements         32,821
      U.S. Treasury and agency securities
             eligible to be pledged           772,480
   

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.