FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               May 10, 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            May 9, 2007  May 2, 2007 May 10, 2006  May 9, 2007
Federal Reserve Banks

Reserve Bank Credit                                         853,506    -  13,418    +  28,822      860,545
 Securities held outright                                   789,796    +   2,613    +  30,071      790,025       
    U.S. Treasury (1)                                       789,796    +   2,613    +  30,071      790,025
       Bills (2)                                            277,019            0    +   1,649      277,019
       Notes and bonds, nominal (2)                         474,473    +   1,323    +  16,200      474,672
       Notes and bonds, inflation-indexed (2)                34,459    +   1,214    +  11,813       34,459
       Inflation compensation (3)                             3,846    +      77    +     410        3,875
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    22,821    -  15,929    -     679       29,000
 Loans to depository institutions                                75    +       9    -      99           82
    Primary credit                                                5    -       1    -      35            7
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              70    +      10    -      64           75
 Float                                                         -476    -     176    -     171          -36
 Other Federal Reserve assets                                41,289    +      64    -     302       41,474
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,441    +      14    +     494       38,441
       
Total factors supplying reserve funds                       905,189    -  13,403    +  29,317      912,227
                                                                   
Currency in circulation(5)                                  808,696    +   1,322    +  14,965      810,478
Reverse repurchase agreements (6)                            36,019    -   4,092    +  10,043       35,410
   Foreign official and international accounts               36,019    +     265    +  10,043       35,410
   Dealers                                                        0    -   4,357            0            0
Treasury cash holdings                                          269    -      27    +      91          231
Deposits with F.R.Banks, other than reserve balances         11,785    -   9,997    -     458       11,590       
  U.S. Treasury, general account                              4,914    -   9,973    -     237        4,726
  Foreign official                                               93            0    -       4           93
  Service-related                                             6,509    -       1    -     187        6,509
     Required clearing balances                               6,509    -       1    -     187        6,509
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         268    -      24    -      31          261
Other liabilities and capital                                38,801    -      33    +   5,022       38,546

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  895,569    -  12,828    +  29,663      896,255

Reserve balances with Federal Reserve Banks                   9,620    -     575    -     346       15,972
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,931,132    +   4,368    + 310,126    1,937,411
     U.S. Treasury                                        1,228,032    +     724    + 103,279    1,227,971
     Federal agency                                         703,100    +   3,644    + 206,847      709,440
  Securities lent to dealers                                  3,044    -     203    +   2,036        1,675   


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  May 9, 2007      May 2, 2007     May 10, 2006

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,016        -      57        +     235
Securities, repurchase agreements, and loans                   819,107        -  16,179        +  38,485
   Securities held outright                                    790,025        +   2,815        +  30,288
      U.S. Treasury (1)                                        790,025        +   2,815        +  30,288       
         Bills (2)                                             277,019                0        +   1,649
         Notes and bonds, nominal (2)                          474,672        +   2,736        +  16,399
         Notes and bonds, inflation-indexed (2)                 34,459                0        +  11,813
         Inflation compensation (3)                              3,875        +      79        +     427
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    29,000        -  19,000        +   8,500    
   Loans                                                            82        +       6        -     303
Items in process of collection                      (943)        4,144        +     160        -     908
Bank premises                                                    2,006        +       3        +     170
Other assets (5)                                                39,489        +     457        -     529
      Total assets                                  (943)      878,998        -  15,617        +  37,452
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  773,279        +   1,116        +  14,813
Reverse repurchase agreements (6)                               35,410        -   6,011        +  10,875
Deposits                                              (0)       27,583        -  10,011        +   8,286       
  Depository institutions                                       22,503        +  10,630        +   8,519
  U.S. Treasury, general account                                 4,726        -  20,624        -     205
  Foreign official                                                  93                0        +       8
  Other                                               (0)          261        -      17        -      35
Deferred availability cash items                    (943)        4,179        -     941        -   1,641
Other liabilities and accrued dividends (7)                      5,906        +      14        +   1,220
      Total liabilities                             (943)      846,358        -  15,832        +  33,554
                          
Capital Accounts
Capital paid in                                                 15,891        +      16        +   2,043
Surplus                                                         15,374                0        +   2,473
Other capital accounts                                           1,375        +     199        -     617
      Total capital                                             32,640        +     215        +   3,898


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,        May 9, 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              19       68,357   +   2,412            0           0       29,000       35,410
16 days to 90 days          63      162,882   -   1,830            0           0            0            0
91 days to 1 year            0      170,832   -     578            0           0     ------      ------
Over 1 to 5 years     ------        237,737   +   2,760            0           0     ------      ------
Over 5 to 10 years    ------         66,921   +      20            0           0     ------      ------
Over 10 years         ------         83,296   +      31            0           0     ------      ------
                   		 	
All                         82      790,025   +   2,815            0           0       29,000      35,410

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        May 9, 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        449      4,053        455        428        869      1,117        903        326        203        335        613      1,286
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,016         44         65         64        102         94        113        122         45         44         76         96        152
Securities, repurchase agreements,
      and loans                              819,107     37,753    296,567     36,234     33,517     70,962     75,965     68,726     26,193     16,355     26,526     35,985     94,325
   Securities held outright                  790,025     36,409    286,066     34,951     32,330     68,449     73,273     66,265     25,250     15,763     25,574     34,711     90,984
      U.S. Treasury (1)                      790,025     36,409    286,066     34,951     32,330     68,449     73,273     66,265     25,250     15,763     25,574     34,711     90,984
         Bills (2)                           277,019     12,767    100,308     12,255     11,336     24,001     25,693     23,235      8,854      5,527      8,967     12,171     31,903
         Notes and bonds(3)                  513,006     23,642    185,758     22,696     20,994     44,448     47,580     43,029     16,396     10,236     16,606     22,540     59,081
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                29,000      1,336     10,501      1,283      1,187      2,513      2,690      2,432        927        579        939      1,274      3,340
      Loans                                       82          7          0          0          0          0          2         29         16         14         13          0          1
Items in process of collection                 5,087        220        172        652        810        217        608        260        109        195        320        790        735
Bank premises                                  2,006        117        212         57        156        172        231        208         87        115        201        260        190
Other assets(5)                               39,489      1,341     12,330      3,254      2,246      7,219      3,402      2,601        821        750        806      1,068      3,651
Interdistrict settlement account                   0    - 2,280    + 2,222    - 1,248    - 4,113    -    97    + 5,136    +   678    +   309    -   626    + 1,163    + 1,016    - 2,161
          Total Assets                       879,941     37,758    316,495     39,552     33,250     79,582     86,738     73,709     27,960     17,066     29,493     39,926     98,412

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        May 9, 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             968,133     38,236    340,885     38,853     35,876     78,324    107,519     80,952     29,431     17,294     30,613     57,446    112,703
  Less: notes held by F.R. Banks              194,853      4,291     63,308      6,607      8,589     12,936     29,523     14,341      3,629      2,524      3,807     21,327     23,970
    Federal Reserve notes, net                773,279     33,945    277,577     32,246     27,287     65,388     77,995     66,611     25,803     14,769     26,806     36,119     88,733
Reverse repurchase agreements (1)              35,410      1,632     12,822      1,567      1,449      3,068      3,284      2,970      1,132        707      1,146      1,556      4,078
Deposits                                       27,583        797     15,472        877      1,413      1,852      1,692      1,494        332        511        504      1,028      1,611
  Depository institutions                      22,503        795     10,507        872      1,410      1,761      1,689      1,492        329        509        502      1,028      1,608
  U.S. Treasury, general account                4,726          0      4,726          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 93          1         63          5          3         11          3          2          0          1          0          1          3
  Other                                           261          1        176          0          0         80          0          0          2          1          1          0          0
Deferred availability cash items                5,122        292         91        923        639        387        473        333        112        277        453        359        782
Other liabilities and accrued                 
  dividends (2)                                 5,906        257      1,820        290        280        769        592        481        215        154        199        272        577
   
    Total liabilities                         847,301     36,923    307,782     35,904     31,068     71,464     84,037     71,890     27,593     16,418     29,107     39,335     95,781
                              
Capital                    
Capital paid in                                15,891        403      4,221      1,809      1,065      3,972      1,317        881        172        317        181        278      1,274
Surplus                                        15,374        396      3,771      1,810      1,087      4,095      1,276        859        166        276        176        213      1,247
Other capital                                   1,375         36        720         29         30         51        108         79         29         55         28        100        110
     Total liabilities and capital            879,941     37,758    316,495     39,552     33,250     79,582     86,738     73,709     27,960     17,066     29,493     39,926     98,412
                              

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
                                           May 9, 2007
              
Federal Reserve notes outstanding             968,133
   Less: Notes held by F.R. Banks
         not subject to collateralization     194,853
      Federal Reserve Notes to be
         collateralized                       773,279 
Collateral held against Federal Reserve            
   notes                                      773,279
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              760,043
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         819,025
   Less:face value of securities under
         reverse repurchase agreements         35,462
      U.S. Treasury and agency securities
             eligible to be pledged           783,562
   

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.