Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 859,453 + 7,256 + 26,663 859,699

Securities held outright 778,916 - 35 + 35,085 778,910

U.S. Treasury1 778,916 - 35 + 35,085 778,910

Bills2 277,019 0 + 5,749 277,019

Notes and bonds, nominal2 467,864 0 + 18,647 467,864

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

Inflation compensation3 3,928 - 36 + 568 3,922

Federal agency2 0 0 0 0

Repurchase agreements4 40,857 + 7,821 - 7,893 39,750

Loans to depository institutions 233 + 84 + 169 1,262

Primary credit 180 + 116 + 173 1,239

Secondary credit 0 0 0 0

Seasonal credit 54 - 31 - 3 23

Float -204 - 1,086 - 1,053 632

Other Federal Reserve assets 39,650 + 470 + 354 39,145

Gold stock 11,041 0 - 2 11,041

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

Treasury currency outstanding5 38,259 + 14 + 1,719 38,259

Total factors supplying reserve funds 910,953 + 7,270 + 28,381 911,198

Currency in circulation5 819,856 + 2,986 + 26,221 818,550

Reverse repurchase agreements6 29,545 - 964 - 886 29,742

Foreign official and international accounts 29,545 - 964 - 886 29,742

Dealers 0 0 0 0

Treasury cash holdings 253 + 23 + 51 263

Deposits with F.R. Banks, other than reserve balances 12,733 + 299 - 2,338 13,341

U.S. Treasury, general account 5,027 - 213 + 293 6,156

Foreign official 94 + 2 + 9 90

Service-related 6,856 + 20 - 1,794 6,856

Required clearing balances 6,842 + 6 - 1,808 6,842

Adjustments to compensate for float 14 + 14 + 14 14

Other 755 + 489 - 847 239

Other liabilities and capital 36,312 - 512 + 5,420 36,065

Total factors, other than reserve balances,

absorbing reserve funds 898,698 + 1,831 + 28,467 897,962

Reserve balances with Federal Reserve Banks 12,254 + 5,438 - 87 13,237

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,763,030 + 10,928 + 239,487 1,768,586

U.S. Treasury 1,162,289 + 6,404 + 66,304 1,167,132

Federal agency 600,741 + 4,524 + 173,183 601,455

Securities lent to dealers 7,347 + 4,022 + 3,652 8,225

FEDERAL RESERVE statistical release

 January 4, 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

 Jan 3, 2007 Week ended

 Jan 3, 2007 Dec 27, 2006 Jan 4, 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 - 2

Special drawing rights certificate account 2,200 0 0

Coin 797 - 3 + 114

Securities, repurchase agreements, and loans 819,921 + 4,495 + 30,514

Securities held outright 778,910 - 28 + 36,040

U.S. Treasury1 778,910 - 28 + 36,040

Bills2 277,019 0 + 5,749

Notes and bonds, nominal2 467,864 0 + 19,590

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

Inflation compensation3 3,922 - 29 + 580

Federal agency2 0 0 0

Repurchase agreements4 39,750 + 3,750 - 6,750

Loans 1,262 + 774 + 1,225

Items in process of collection (1,260) 5,472 + 335 - 6,341

Bank premises 1,945 + 1 + 125

Other assets5 37,152 - 197 - 452

Total assets (1,260) 878,524 + 4,630 + 23,958

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 781,347 - 1,386 + 24,813

Reverse repurchase agreements6 29,742 - 2,384 + 2,175

Deposits (0) 26,529 + 8,938 - 3,574

Depository institutions 20,044 + 7,272 - 5,791

U.S. Treasury, general account 6,156 + 1,686 + 2,234

Foreign official 90 - 2 + 9

Other (0) 239 - 19 - 26

Deferred availability cash items (1,260) 4,840 + 113 - 4,561

Other liabilities and accrued dividends7 5,461 - 526 + 1,551

Total liabilities (1,260) 847,920 + 4,757 + 20,405

Capital accounts

Capital paid in 15,328 0 + 1,786

Surplus 15,029 + 4,475 + 2,124

Other capital accounts 248 - 4,600 - 356

Total capital 30,604 - 127 + 3,553

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jan 4, 2006

Eliminations from

consolidation Wednesday

 Jan 3, 2007

Wednesday

 Dec 27, 2006

3. Maturity Distribution of Loans and Securities, January 3, 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 1,247 51,356 - 6,201 0 0 39,750 29,742

16 days to 90 days 15 170,177 + 6,715 0 0 0 0

91 days to 1 year 0 184,284 - 1,311 0 0 . . . . . . 

Over 1 year to 5 years . . . 224,972 + 787 0 0 . . . . . . 

Over 5 years to 10 years . . . 67,644 - 6 0 0 . . . . . . 

Over 10 years . . . 80,477 - 12 0 0 . . . . . . 

All 1,262 778,910 - 28 0 0 39,750 29,742

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on January 3, 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 2,200 797 819,921 778,910 778,910 277,019 501,891 0 39,750 1,262 6,733 1,945 37,152 0 879,784

Assets, liabilities, and capital

 4,139 874 49 329,260 288,296 288,296 102,532 185,763 0 39,750 1,214 94 211 12,115 -27,105 319,636

 486 115 29 37,174 37,168 37,168 13,219 23,949 0 0 6 308 117 1,249 + 201 39,679

 463 83 52 33,819 33,817 33,817 12,027 21,790 0 0 2 1,139 58 1,882 + 289 37,785

 446 104 73 33,633 33,633 33,633 11,962 21,671 0 0 0 736 157 2,302 - 2,573 34,878

 853 147 80 64,704 64,704 64,704 23,012 41,692 0 0 0 445 168 7,054 + 3,381 76,831

 1,023 166 91 65,210 65,208 65,208 23,191 42,017 0 0 3 846 232 2,769 +11,054 81,391

 947 212 101 71,548 71,519 71,519 25,436 46,084 0 0 28 523 206 2,794 - 3,496 72,834

 328 71 38 24,747 24,747 24,747 8,801 15,946 0 0 0 216 79 759 + 2,004 28,243

 2   15,8 15,8 15,8 5,6 10,2    3 1 7 + 1 17,4
 958,508

 177,161 781,347 781,347 11,037 2,200 768,111 0 818,660 29,787 788,873

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.

 958,508 177,161 781,347 29,742 26,529 20,044 6,156 90 239 6,100 5,461 849,180 15,328 15,029 248 879,784

 39,146 3,210 35,936 1,419 817 808 0 1 8 440 262 38,875 396 396 12 39,679

 342,403 57,193 285,210 11,008 13,919 7,546 6,156 62 155 125 1,814 312,075 3,725 3,727 109 319,636

 38,700 7,158 31,542 1,291 733 730 0 2 1 647 247 34,460 1,810 1,514 0 37,785

 36,389 6,724 29,665 1,284 1,013 1,009 0 3 1 468 267 32,697 1,087 1,087 8 34,878

 75,180 11,493 63,687 2,471 1,369 1,294 0 11 65 560 537 68,624 4,093 4,093 20 76,831

 97,519 24,247 73,272 2,490 1,913 1,911 0 3 0 678 467 78,820 1,275 1,276 20 81,391

 80,199 14,337 65,862 2,731 1,532 1,529 0 3 0 467 504 71,096 859 858 22 72,834

 29,199 3,142 26,057 945 520 514 0 0 6 165 215 27,903 166 166 8 28,243

 17,4 2,5 14,9 6 7 7    4 1 16,8 2 2  17,4

H.4.14. Statement of Condition of Each Federal Reserve Bank on January 3, 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

 Jan 3, 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.