Reserve Bank credit, related items, and

reserve balances of depository institutions

at 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. Treasury1 770,558 + 206 + 27,058 771,873

Bills2 277,019 0 + 5,891 277,019

Notes and bonds, nominal2 459,264 + 247 + 10,106 460,598

Notes and bonds, inflation-indexed2 30,105 0 + 10,122 30,105

Inflation compensation3 4,171 - 40 + 940 4,152

Federal agency2 0 0 0 0

Repurchase agreements4 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 outstanding5 38,182 + 14 + 1,670 38,182

Total factors supplying reserve funds 890,361 + 4,120 + 34,100 902,020

Currency in circulation5 803,033 + 3,097 + 26,070 807,852

Reverse repurchase agreements6 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 accounts2,7 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

FEDERAL RESERVE statistical release

 November 24, 2006

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

 Nov 22, 2006 Week ended

 Nov 22, 2006 Nov 15, 2006 Nov 23, 2005
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 + 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. Treasury1 771,873 + 1,823 + 27,572

Bills2 277,019 0 + 5,749

Notes and bonds, nominal2 460,598 + 1,868 + 10,814

Notes and bonds, inflation-indexed2 30,105 0 + 10,122

Inflation compensation3 4,152 - 45 + 889

Federal agency2 0 0 0

Repurchase agreements4 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 assets5 35,053 + 764 - 548

Total assets (1,194) 869,093 + 9,531 + 33,332

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 770,633 + 5,678 + 25,051

Reverse repurchase agreements6 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 dividends7 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

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Nov 23, 2005

Eliminations from

consolidation Wednesday

 Nov 22, 2006

Wednesday

 Nov 15, 2006

3. Maturity Distribution of Loans and Securities, November 22, 2006

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 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 year to 5 years . . . 219,213 + 1,534 0 0 . . . . . . 

Over 5 years 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

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on November 22, 2006Millions 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 2,200 805 815,012 771,873 771,873 277,019 494,855 0 43,000 139 4,270 1,910 35,053 0 870,287

Assets, liabilities, and capital

 4,139 874 42 328,691 285,691 285,691 102,532 183,159 0 43,000 0 154 207 11,332 -18,721 326,719

 486 115 22 36,834 36,833 36,833 13,219 23,614 0 0 2 256 115 1,149 - 277 38,701

 463 83 58 33,511 33,511 33,511 12,027 21,484 0 0 0 -579 58 1,867 + 2,174 37,635

 446 104 75 33,329 33,329 33,329 11,962 21,368 0 0 0 585 157 2,208 - 1,678 35,227

 853 147 78 64,120 64,120 64,120 23,012 41,108 0 0 0 359 164 6,840 + 5,992 78,553

 1,023 166 94 64,624 64,619 64,619 23,191 41,428 0 0 5 630 231 2,571 + 9,156 78,495

 947 212 95 70,916 70,873 70,873 25,436 45,437 0 0 43 200 209 2,598 - 4,793 70,383

 328 71 41 24,567 24,524 24,524 8,801 15,722 0 0 44 136 75 685 - 66 25,837

 2   15,7 15,6 15,6 5,6 10,0    4 1 6 +  17,2
 946,742

 176,108 770,633 770,633 11,037 2,200 757,397 0 814,873 29,528 785,346

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.

 946,742 176,108 770,633 29,335 29,228 24,727 4,128 92 280 5,694 5,932 840,822 15,295 10,554 3,616 870,287

 38,514 3,539 34,975 1,400 831 826 0 1 4 397 278 37,881 390 309 121 38,701

 344,231 53,424 290,808 10,858 16,775 12,407 4,128 63 176 133 1,937 320,509 3,726 1,604 879 326,719

 39,029 7,452 31,577 1,274 532 530 0 2 0 764 299 34,445 1,812 723 655 37,635

 36,704 6,993 29,710 1,267 1,261 1,257 0 3 1 476 294 33,008 1,086 996 137 35,227

 75,101 11,826 63,276 2,437 3,408 3,303 0 11 93 516 639 70,275 4,087 3,238 954 78,553

 96,159 25,149 71,009 2,456 1,376 1,373 0 3 0 645 496 75,981 1,276 872 365 78,495

 78,432 14,882 63,550 2,694 1,437 1,434 0 3 0 353 543 68,576 846 838 123 70,383

 27,245 3,472 23,774 932 425 421 0 0 4 129 218 25,478 166 124 68 25,837

 17,5 2,3 15,1 5 2 2    4 1 16,6 2 2  17,2

H.4.14. Statement of Condition of Each Federal Reserve Bank on November 22, 2006 (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

 Nov 22, 2006

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.