Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 842,371 - 1,641 + 28,727 847,267

Securities held outright 773,368 + 1,294 + 29,193 774,215

U.S. Treasury1 773,368 + 1,294 + 29,193 774,215

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

Notes and bonds, nominal2 462,153 + 1,335 + 12,558 463,015

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

Inflation compensation3 4,092 - 41 + 766 4,077

Federal agency2 0 0 0 0

Repurchase agreements4 29,679 - 5,071 - 1,214 32,000

Loans to depository institutions 183 + 72 + 97 266

Primary credit 101 + 90 + 84 183

Secondary credit 0 0 0 0

Seasonal credit 82 - 19 + 13 84

Float 1,197 + 1,580 + 231 2,595

Other Federal Reserve assets 37,945 + 486 + 421 38,190

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,203 + 14 + 1,663 38,203

Total factors supplying reserve funds 893,815 - 1,626 + 30,390 898,710

Currency in circulation5 805,628 - 2,099 + 27,520 806,873

Reverse repurchase agreements6 29,201 - 1,275 + 401 29,039

Foreign official and international accounts 29,201 - 1,275 + 401 29,039

Dealers 0 0 0 0

Treasury cash holdings 166 + 3 - 38 176

Deposits with F.R. Banks, other than reserve balances 12,301 + 60 - 1,739 11,716

U.S. Treasury, general account 5,060 + 30 + 128 4,523

Foreign official 91 + 1 + 9 94

Service-related 6,832 0 - 1,902 6,832

Required clearing balances 6,832 0 - 1,902 6,832

Adjustments to compensate for float 0 0 0 0

Other 319 + 29 + 26 267

Other liabilities and capital 36,338 + 413 + 4,213 36,153

Total factors, other than reserve balances,

absorbing reserve funds 883,635 - 2,897 + 30,359 883,958

Reserve balances with Federal Reserve Banks 10,180 + 1,271 + 32 14,753

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,712,569 + 1,257 + 201,195 1,723,889

U.S. Treasury 1,148,526 - 731 + 43,158 1,156,628

Federal agency 564,043 + 1,989 + 158,037 567,261

Securities lent to dealers 2,032 + 749 - 1,304 2,447

FEDERAL RESERVE statistical release

 December 7, 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

 Dec 6, 2006 Week ended

 Dec 6, 2006 Nov 29, 2006 Dec 7, 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 0

Special drawing rights certificate account 2,200 0 0

Coin 814 + 28 + 119

Securities, repurchase agreements, and loans 806,481 + 743 + 30,183

Securities held outright 774,215 + 1,605 + 30,036

U.S. Treasury1 774,215 + 1,605 + 30,036

Bills2 277,019 0 + 5,749

Notes and bonds, nominal2 463,015 + 1,647 + 13,420

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

Inflation compensation3 4,077 - 41 + 747

Federal agency2 0 0 0

Repurchase agreements4 32,000 - 1,000 0

Loans 266 + 138 + 147

Items in process of collection (1,838) 7,427 + 4,339 - 676

Bank premises 1,923 + 11 + 74

Other assets5 36,258 + 366 + 490

Total assets (1,838) 866,140 + 5,488 + 30,189

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 769,657 - 1,410 + 26,161

Reverse repurchase agreements6 29,039 - 1,684 + 1,247

Deposits (0) 26,459 + 7,217 + 833

Depository institutions 21,575 + 7,547 + 1,387

U.S. Treasury, general account 4,523 - 284 - 553

Foreign official 94 + 2 + 13

Other (0) 267 - 49 - 14

Deferred availability cash items (1,838) 4,832 + 959 - 2,273

Other liabilities and accrued dividends7 5,968 - 16 + 1,633

Total liabilities (1,838) 835,954 + 5,064 + 27,602

Capital accounts

Capital paid in 15,308 + 3 + 1,785

Surplus 10,554 0 - 1,076

Other capital accounts 4,323 + 419 + 1,877

Total capital 30,185 + 423 + 2,586

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Dec 7, 2005

Eliminations from

consolidation Wednesday

 Dec 6, 2006

Wednesday

 Nov 29, 2006

3. Maturity Distribution of Loans and Securities, December 6, 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 194 52,305 - 7,490 0 0 32,000 29,039

16 days to 90 days 72 167,584 + 9,231 0 0 0 0

91 days to 1 year 0 186,733 - 1,803 0 0 . . . . . . 

Over 1 year to 5 years . . . 220,125 + 923 0 0 . . . . . . 

Over 5 years to 10 years . . . 67,678 + 437 0 0 . . . . . . 

Over 10 years . . . 79,790 + 308 0 0 . . . . . . 

All 266 774,215 + 1,605 0 0 32,000 29,039

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on December 6, 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 2,200 814 806,481 774,215 774,215 277,019 497,196 0 32,000 266 9,265 1,923 36,258 0 867,977

Assets, liabilities, and capital

 4,139 874 48 318,558 286,558 286,558 102,532 184,026 0 32,000 0 560 208 11,722 -12,884 323,225

 486 115 24 36,951 36,944 36,944 13,219 23,725 0 0 7 327 116 1,192 - 203 39,009

 463 83 58 33,613 33,613 33,613 12,027 21,586 0 0 0 843 58 1,917 + 545 37,580

 446 104 76 33,430 33,430 33,430 11,962 21,469 0 0 0 813 157 2,269 - 2,603 34,692

 853 147 80 64,314 64,314 64,314 23,012 41,302 0 0 0 544 166 7,040 + 4,481 77,624

 1,023 166 97 64,829 64,815 64,815 23,191 41,624 0 0 14 2,746 231 2,694 + 6,586 78,371

 947 212 97 71,124 71,088 71,088 25,436 45,653 0 0 36 567 209 2,695 - 5,469 70,383

 328 71 39 24,763 24,598 24,598 8,801 15,797 0 0 165 231 77 714 + 46 26,270

 2   15,7 15,7 15,7 5,6 10,1    2 1 6 - 2 16,8
 951,597

 181,941 769,657 769,657 11,037 2,200 756,420 0 806,215 29,172 777,043

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.

 951,597 181,941 769,657 29,039 26,459 21,575 4,523 94 267 6,670 5,968 837,792 15,308 10,554 4,323 867,977

 39,005 3,628 35,377 1,386 718 717 0 1 0 429 278 38,189 396 309 116 39,009

 343,637 55,304 288,333 10,748 15,217 10,456 4,523 65 173 190 1,939 316,428 3,726 1,604 1,466 323,225

 38,919 7,719 31,199 1,261 506 501 0 2 2 1,060 299 34,325 1,812 723 720 37,580

 36,540 7,307 29,233 1,254 1,018 1,014 0 3 0 686 297 32,487 1,086 996 123 34,692

 75,319 12,202 63,117 2,412 2,618 2,525 0 11 82 522 666 69,335 4,091 3,238 960 77,624

 96,127 25,515 70,612 2,431 1,549 1,547 0 3 0 664 500 75,757 1,274 872 468 78,371

 79,401 15,530 63,871 2,666 1,103 1,100 0 3 0 410 538 68,588 849 838 108 70,383

 27,604 3,450 24,153 923 445 437 0 0 7 180 217 25,918 166 124 61 26,270

 17,5 2,5 14,9 5 2 2    3 1 16,2 2 2  16,8

H.4.14. Statement of Condition of Each Federal Reserve Bank on December 6, 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

 Dec 6, 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.