Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 847,847 - 5,658 + 23,183 845,447

Securities held outright 790,074 + 278 + 29,897 790,103

U.S. Treasury1 790,074 + 278 + 29,897 790,103

Bills2 277,019 0 + 1,649 277,019

Notes and bonds, nominal2 474,672 + 199 + 15,979 474,672

Notes and bonds, inflation-indexed2 34,459 0 + 11,813 34,459

Inflation compensation3 3,925 + 79 + 457 3,953

Federal agency2 0 0 0 0

Repurchase agreements4 18,036 - 4,785 - 5,714 18,000

Loans to depository institutions 84 + 9 - 84 93

Primary credit 2 - 3 - 18 7

Secondary credit 0 0 0 0

Seasonal credit 82 + 12 - 67 86

Float -1,055 - 577 - 795 -1,153

Other Federal Reserve assets 40,708 - 581 - 120 38,403

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 2,200 0 0 2,200

Treasury currency outstanding5 38,455 + 14 + 497 38,455

Total factors supplying reserve funds 899,544 - 5,643 + 23,681 897,143

Currency in circulation5 809,072 + 376 + 15,097 810,170

Reverse repurchase agreements6 32,298 - 3,721 + 8,641 32,446

Foreign official and international accounts 32,084 - 3,935 + 8,427 32,446

Dealers 214 + 214 + 214 0

Treasury cash holdings 236 - 33 + 55 263

Deposits with F.R. Banks, other than reserve balances 11,298 - 487 - 1,672 10,966

U.S. Treasury, general account 4,451 - 463 - 741 4,125

Foreign official 94 + 1 - 11 93

Service-related 6,470 - 39 - 896 6,470

Required clearing balances 6,470 - 39 - 896 6,470

Adjustments to compensate for float 0 0 0 0

Other 284 + 16 - 24 279

Other liabilities and capital 38,981 + 180 + 5,084 38,569

Total factors, other than reserve balances,

absorbing reserve funds 891,886 - 3,683 + 27,206 892,414

Reserve balances with Federal Reserve Banks 7,658 - 1,960 - 3,525 4,729

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,939,970 + 8,838 + 315,555 1,937,394

U.S. Treasury 1,224,733 - 3,299 + 99,679 1,219,345

Federal agency 715,237 + 12,137 + 215,876 718,049

Securities lent to dealers 3,524 + 480 + 1,924 7,437

FEDERAL RESERVE statistical release

 May 17, 2007

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

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.

Change from week ended Wednesday

 May 16, 2007 Week ended

 May 16, 2007 May 9, 2007 May 17, 2006
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. 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.

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 2,200 0 0

Coin 949 - 67 + 182

Securities, repurchase agreements, and loans 808,196 - 10,911 + 26,867

Securities held outright 790,103 + 78 + 30,452

U.S. Treasury1 790,103 + 78 + 30,452

Bills2 277,019 0 + 1,649

Notes and bonds, nominal2 474,672 0 + 16,517

Notes and bonds, inflation-indexed2 34,459 0 + 11,813

Inflation compensation3 3,953 + 78 + 473

Federal agency2 0 0 0

Repurchase agreements4 18,000 - 11,000 - 3,500

Loans 93 + 11 - 85

Items in process of collection (819) 2,523 - 1,621 - 4,751

Bank premises 2,005 - 1 + 169

Other assets5 36,417 - 3,072 - 508

Total assets (819) 863,326 - 15,672 + 21,958

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 772,923 - 356 + 14,954

Reverse repurchase agreements6 32,446 - 2,964 + 9,877

Deposits (0) 15,714 - 11,869 - 6,044

Depository institutions 11,218 - 11,285 - 5,095

U.S. Treasury, general account 4,125 - 601 - 930

Foreign official 93 0 + 8

Other (0) 279 + 18 - 25

Deferred availability cash items (819) 3,675 - 504 - 2,349

Other liabilities and accrued dividends7 5,894 - 12 + 1,154

Total liabilities (819) 830,652 - 15,706 + 17,593

Capital accounts

Capital paid in 15,983 + 92 + 2,124

Surplus 15,374 0 + 2,473

Other capital accounts 1,317 - 58 - 232

Total capital 32,675 + 35 + 4,366

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 May 17, 2006

Eliminations from

consolidation Wednesday

 May 16, 2007

Wednesday

 May 9, 2007

3. Maturity Distribution of Loans and Securities, May 16, 2007

Millions of dollars

 Federal agency

securities

Weekly

changes Holdings

 U.S. Treasury

securities1

Holdings Weekly

changes

Loans Repurchase

agreements2

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.

Reverse

repurchase

agreements2

Within 15 days 37 66,840 - 1,517 0 0 18,000 32,446

16 days to 90 days 56 153,859 - 9,023 0 0 0 0

91 days to 1 year 0 183,320 + 12,488 0 0 . . . . . . 

Over 1 year to 5 years . . . 229,466 - 8,271 0 0 . . . . . . 

Over 5 years to 10 years . . . 66,941 + 20 0 0 . . . . . . 

Over 10 years . . . 89,676 + 6,380 0 0 . . . . . . 

All 93 790,103 + 78 0 0 18,000 32,446

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on May 16, 2007Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap

AssetsGold certificate accountSpecial drawing rights certificate acct.CoinSecurities, repurchase agreements,

and loans

Securities held outright

U.S. Treasury1

Bills2Notes and bonds3

Federal agency2

Repurchase agreements4

Loans

Items in process of collectionBank premisesOther assets5Interdistrict settlement account

Total assets

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 sec4. 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.

 11,037 2,200 949 808,196 790,103 790,103 277,019 513,084 0 18,000 93 3,342 2,005 36,417 0 864,146

Assets, liabilities, and capital

 4,053 874 61 292,612 286,094 286,094 100,308 185,786 0 6,518 0 35 212 11,254 - 1,827 307,273

 449 115 39 37,249 36,413 36,413 12,767 23,646 0 830 7 171 117 1,203 - 2,117 37,227

 455 83 61 35,751 34,954 34,954 12,255 22,699 0 796 0 326 57 3,121 - 1,025 38,829

 428 104 97 33,070 32,334 32,334 11,336 20,997 0 737 0 512 156 2,118 - 4,512 31,974

 869 147 88 70,021 68,456 68,456 24,001 44,455 0 1,560 5 270 172 6,946 + 525 79,037

 1,117 166 104 74,952 73,280 73,280 25,693 47,587 0 1,669 2 377 232 3,078 + 6,229 86,255

 903 212 113 67,817 66,271 66,271 23,235 43,036 0 1,510 36 229 206 2,343 + 829 72,652

 326 71 42 25,842 25,252 25,252 8,854 16,399 0 575 15 82 88 724 + 707 27,882

 2   16,1 15,7 15,7 5,5 10,2  3  1 1 6 - 6 16,7
 969,227

 196,305 772,923 772,923 11,037 2,200 759,686 0 808,103 32,490 775,614

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap

LiabilitiesFederal Reserve notes outstanding

Less: notes held by F.R. Banks

Federal Reserve notes, net

Reverse repurchase agreements1

Deposits

Depository institutionsU.S. Treasury, general accountForeign officialOther

Deferred availability cash itemsOther liabilities and accrued

dividends2

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

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.

 969,227 196,305 772,923 32,446 15,714 11,218 4,125 93 279 4,495 5,894 831,471 15,983 15,374 1,317 864,146

 38,005 4,373 33,632 1,495 748 738 0 1 9 256 258 36,390 403 396 38 37,227

 341,541 62,743 278,798 11,749 6,069 1,704 4,125 62 178 68 1,834 298,517 4,281 3,771 704 307,273

 39,042 6,794 32,248 1,435 541 536 0 5 0 669 292 35,186 1,808 1,810 25 38,829

 35,873 8,843 27,030 1,328 719 715 0 3 1 440 278 29,795 1,066 1,087 25 31,974

 78,316 13,204 65,112 2,811 1,912 1,823 0 11 78 327 772 70,934 3,975 4,095 33 79,037

 108,154 29,911 78,244 3,009 1,245 1,241 0 3 0 495 561 83,554 1,318 1,276 106 86,255

 80,644 14,455 66,189 2,721 1,159 1,157 0 2 0 276 481 70,827 887 859 79 72,652

 29,438 3,618 25,820 1,037 338 328 0 0 10 106 214 27,515 172 166 28 27,882

 17,3 2,5 14,7 6 2 2    2 1 16,0 3 2  16,7

H.4.14. Statement of Condition of Each Federal Reserve Bank on May 16, 2007 (continued)Millions of dollars

Assets, liabilities, and capital

Federal Reserve notes outstanding

Less: Notes held by F.R. Banks

not subject to collateralization

Federal Reserve notes to be collateralized

Collateral held against Federal Reserve notes

Gold certificate accountSpecial drawing rights certificate accountU.S. Treasury and agency securities pledged1Other assets pledged

Memo:Total U.S. Treasury and agency securities1

Less: face value of securities under

reverse repurchase agreements

U.S. Treasury and agency securities

eligible to be pledged

5. Collateral Held against Federal Reserve Notes:Federal Reserve Agents' AccountsMillions of dollarsFederal Reserve notes and collateral Wednesday

 May 16, 2007

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 ofinflation-indexed securities, and cash value of repurchase agreements.