FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           January 11, 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           Jan 10, 2007  Jan 3, 2007 Jan 11, 2006 Jan 10, 2007
Federal Reserve Banks

Reserve Bank Credit                                         844,553    -  14,901    +  28,683      839,576
 Securities held outright                                   778,902    -      14    +  34,653      778,898       
    U.S. Treasury (1)                                       778,902    -      14    +  34,653      778,898
       Bills (2)                                            277,019            0    +   5,609      277,019
       Notes and bonds, nominal (2)                         467,864            0    +  18,746      467,864
       Notes and bonds, inflation-indexed (2)                30,105            0    +   9,738       30,105
       Inflation compensation (3)                             3,915    -      13    +     561        3,911
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    26,571    -  14,286    -   3,822       21,500
 Loans to depository institutions                                39    -     194            0           21
    Primary credit                                               22    -     158    +       6            2
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              16    -      38    -       7           19
 Float                                                         -269    -      65    -   1,564         -246
 Other Federal Reserve assets                                39,309    -     342    -     585       39,403
Gold stock                                                   11,041            0    -       2       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,247    +      14    +   1,707       38,247
       
Total factors supplying reserve funds                       896,041    -  14,887    +  30,388      891,064
                                                                   
Currency in circulation(5)                                  812,478    -   7,352    +  25,729      810,087
Reverse repurchase agreements (6)                            29,659    +     114    +   4,511       28,921
   Foreign official and international accounts               29,659    +     114    +   4,511       28,921
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          261    +       8    +      58          245
Deposits with F.R.Banks, other than reserve balances         12,068    -     665    -   2,470       12,257       
  U.S. Treasury, general account                              4,797    -     230    +       2        4,999
  Foreign official                                               90    -       4    +       8           91
  Service-related                                             6,937    +      81    -   2,437        6,937
     Required clearing balances                               6,918    +      76    -   2,456        6,918
     Adjustments to compensate for float                         19    +       5    +      19           19
  Other                                                         245    -     510    -      42          230
Other liabilities and capital                                36,466    +     154    +   5,002       36,346

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  890,932    -   7,741    +  32,830      887,855

Reserve balances with Federal Reserve Banks                   5,108    -   7,147    -   2,443        3,209
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,770,262    +   7,232    + 239,357    1,772,235
     U.S. Treasury                                        1,167,850    +   5,561    +  66,942    1,169,039
     Federal agency                                         602,412    +   1,671    + 172,414      603,196
  Securities lent to dealers                                  3,107    -   4,240    +     980        2,952   


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 Jan 10, 2007      Jan 3, 2007     Jan 11, 2006

Assets
Gold certificate account                                        11,037                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               865        +      68        +     157
Securities, repurchase agreements, and loans                   800,419        -  19,502        +  30,861
   Securities held outright                                    778,898        -      12        +  34,419
      U.S. Treasury (1)                                        778,898        -      12        +  34,419       
         Bills (2)                                             277,019                0        +   5,434
         Notes and bonds, nominal (2)                          467,864                0        +  18,746
         Notes and bonds, inflation-indexed (2)                 30,105                0        +   9,674
         Inflation compensation (3)                              3,911        -      11        +     566
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    21,500        -  18,250        -   3,500    
   Loans                                                            21        -   1,241        -      58
Items in process of collection                    (1,265)        4,804        -     668        -   3,253
Bank premises                                                    1,944        -       1        +     123
Other assets (5)                                                37,419        +     267        -   1,274
      Total assets                                (1,265)      858,689        -  19,835        +  26,614
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  772,946        -   8,401        +  23,527
Reverse repurchase agreements (6)                               28,921        -     821        +   3,901
Deposits                                              (0)       15,426        -  11,103        -   3,888       
  Depository institutions                                       10,107        -   9,937        -   4,334
  U.S. Treasury, general account                                 4,999        -   1,157        +     534
  Foreign official                                                  91        +       1        +      10
  Other                                               (0)          230        -       9        -      97
Deferred availability cash items                  (1,265)        5,050        +     210        -   2,066
Other liabilities and accrued dividends (7)                      5,518        +      57        +   1,551
      Total liabilities                           (1,265)      827,861        -  20,059        +  23,024
                          
Capital Accounts
Capital paid in                                                 15,331        +       3        +   1,788
Surplus                                                         15,031        +       2        +   2,115
Other capital accounts                                             466        +     218        -     314
      Total capital                                             30,828        +     224        +   3,589


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,   January 10, 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              12       51,875   +     519            0           0       21,500       28,921
16 days to 90 days           9      170,185   +       8            0           0            0            0
91 days to 1 year            0      183,756   -     528            0           0     ------      ------
Over 1 to 5 years     ------        224,968   -       4            0           0     ------      ------
Over 5 to 10 years    ------         67,642   -       2            0           0     ------      ------
Over 10 years         ------         80,473   -       4            0           0     ------      ------
                   		 	
All                         21      778,898   -      12            0           0       21,500      28,921

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   January 10, 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        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                                             865         29         54         56         80         88        100        103         40         36         69         83        127
Securities, repurchase agreements,
      and loans                              800,419     37,178    309,791     33,817     33,633     64,703     65,207     71,521     24,747     15,837     22,812     34,956     86,218
   Securities held outright                  778,898     37,168    288,291     33,816     33,633     64,703     65,207     71,518     24,747     15,834     22,808     34,956     86,216
      U.S. Treasury (1)                      778,898     37,168    288,291     33,816     33,633     64,703     65,207     71,518     24,747     15,834     22,808     34,956     86,216
         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)                  501,879     23,949    185,759     21,789     21,671     41,691     42,016     46,083     15,946     10,203     14,696     22,524     55,553
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                21,500          0     21,500          0          0          0          0          0          0          0          0          0          0
      Loans                                       21         10          0          1          0          0          0          3          0          3          4          0          1
Items in process of collection                 6,070        251         95        714        610        479      1,038        419        139        201        495        645        984
Bank premises                                  1,944        117        211         58        157        168        231        206         79        116        159        260        182
Other assets(5)                               37,419      1,267     12,208      1,888      2,310      7,038      2,813      2,823        778        722        747        984      3,841
Interdistrict settlement account                   0    -   436    -17,055    -    15    - 3,479    + 2,812    + 8,950    - 3,853    + 1,743    -   468    + 4,287    + 2,247    + 5,267
          Total Assets                       859,955     39,006    310,316     37,064     33,862     76,289     79,529     72,378     27,925     16,685     28,958     39,848     98,093

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   January 10, 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             958,897     39,205    342,299     38,588     36,305     75,194     97,666     81,029     29,150     17,485     30,789     56,640    114,548
  Less: notes held by F.R. Banks              185,951      3,587     59,173      7,628      7,245     12,180     25,550     14,891      3,309      2,656      4,160     20,032     25,540
    Federal Reserve notes, net                772,946     35,619    283,126     30,959     29,060     63,014     72,116     66,138     25,840     14,829     26,629     36,608     89,008
Reverse repurchase agreements (1)              28,921      1,380     10,704      1,256      1,249      2,402      2,421      2,655        919        588        847      1,298      3,201
Deposits                                       15,426        491      6,879        453        494      1,476      1,278        911        423        224        434        708      1,655
  Depository institutions                      10,107        488      1,662        451        490      1,408      1,276        908        412        223        431        707      1,651
  U.S. Treasury, general account                4,999          0      4,999          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 91          1         62          2          3         11          3          3          0          1          1          0          4
  Other                                           230          3        156          0          1         57          0          0         11          0          2          0          0
Deferred availability cash items                6,316        434        125        805        606        667        634        403        182        338        494        499      1,130
Other liabilities and accrued                 
  dividends (2)                                 5,518        261      1,821        252        267        555        483        507        212        146        185        283        545
   
    Total liabilities                         829,127     38,185    302,655     33,725     31,676     68,114     76,933     70,615     27,576     16,125     28,588     39,396     95,539
                              
Capital                    
Capital paid in                                15,331        396      3,725      1,810      1,087      4,093      1,276        859        166        276        178        212      1,253
Surplus                                        15,031        396      3,727      1,529      1,087      4,081      1,276        858        166        276        176        212      1,247
Other capital                                     466         29        210          0         13          0         44         46         17          9         16         28         55
     Total liabilities and capital            859,955     39,006    310,316     37,064     33,862     76,289     79,529     72,378     27,925     16,685     28,958     39,848     98,093
                              

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
                                          Jan 10, 2007
              
Federal Reserve notes outstanding             958,897
   Less: Notes held by F.R. Banks
         not subject to collateralization     185,951
      Federal Reserve Notes to be
         collateralized                       772,946 
Collateral held against Federal Reserve            
   notes                                      772,946
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              759,709
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         800,398
   Less:face value of securities under
         reverse repurchase agreements         29,963
      U.S. Treasury and agency securities
             eligible to be pledged           770,435
   

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.