Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 866,926 + 16,947 + 43,871 875,167

Securities held outright 787,183 + 2,396 + 27,489 787,210

U.S. Treasury1 787,183 + 2,396 + 27,489 787,210

Bills2 277,019 0 + 1,649 277,019

Notes and bonds, nominal2 473,150 + 1,436 + 14,877 471,936

Notes and bonds, inflation-indexed2 33,245 + 909 + 10,599 34,459

Inflation compensation3 3,769 + 50 + 365 3,796

Federal agency2 0 0 0 0

Repurchase agreements4 38,750 + 13,786 + 13,679 48,000

Loans to depository institutions 66 - 49 - 72 76

Primary credit 6 - 55 - 19 3

Secondary credit 0 0 0 0

Seasonal credit 60 + 5 - 53 73

Float -297 + 650 + 2,756 -1,135

Other Federal Reserve assets 41,225 + 166 + 20 41,017

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,431 + 14 + 495 38,431

Total factors supplying reserve funds 918,598 + 16,961 + 44,366 926,839

Currency in circulation5 807,377 + 163 + 15,586 809,251

Reverse repurchase agreements6 40,111 + 6,031 + 15,740 41,421

Foreign official and international accounts 35,754 + 1,674 + 11,383 35,671

Dealers 4,357 + 4,357 + 4,357 5,750

Treasury cash holdings 296 - 9 + 115 275

Deposits with F.R. Banks, other than reserve balances 21,782 + 8,334 + 9,330 32,231

U.S. Treasury, general account 14,887 + 8,353 + 9,521 25,350

Foreign official 93 + 1 - 5 93

Service-related 6,510 - 45 - 186 6,510

Required clearing balances 6,510 - 45 - 186 6,510

Adjustments to compensate for float 0 0 0 0

Other 292 + 26 - 1 278

Other liabilities and capital 38,834 - 207 + 5,114 38,317

Total factors, other than reserve balances,

absorbing reserve funds 908,400 + 14,313 + 45,884 921,495

Reserve balances with Federal Reserve Banks 10,198 + 2,647 - 1,519 5,345

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,926,764 + 8,642 + 314,919 1,929,244

U.S. Treasury 1,227,308 - 709 + 108,223 1,227,729

Federal agency 699,456 + 9,351 + 206,696 701,515

Securities lent to dealers 3,247 + 589 + 1,576 3,639

FEDERAL RESERVE statistical release

 May 3, 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

 May 2, 2007 Week ended

 May 2, 2007 Apr 25, 2007 May 3, 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 0

Special drawing rights certificate account 2,200 0 0

Coin 1,073 + 54 + 270

Securities, repurchase agreements, and loans 835,286 + 10,080 + 49,696

Securities held outright 787,210 + 61 + 27,506

U.S. Treasury1 787,210 + 61 + 27,506

Bills2 277,019 0 + 1,649

Notes and bonds, nominal2 471,936 - 2,123 + 13,663

Notes and bonds, inflation-indexed2 34,459 + 2,123 + 11,813

Inflation compensation3 3,796 + 60 + 381

Federal agency2 0 0 0

Repurchase agreements4 48,000 + 10,000 + 22,250

Loans 76 + 19 - 59

Items in process of collection (1,515) 3,984 + 1,277 - 2,378

Bank premises 2,003 + 13 + 168

Other assets5 39,032 - 270 - 154

Total assets (1,515) 894,615 + 11,154 + 47,601

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 772,163 + 732 + 14,948

Reverse repurchase agreements6 41,421 + 7,396 + 16,943

Deposits (0) 37,594 + 2,612 + 12,545

Depository institutions 11,873 - 10,493 - 7,535

U.S. Treasury, general account 25,350 + 13,100 + 20,135

Foreign official 93 + 1 - 23

Other (0) 278 + 4 - 32

Deferred availability cash items (1,515) 5,120 + 588 - 1,989

Other liabilities and accrued dividends7 5,892 + 55 + 1,246

Total liabilities (1,515) 862,190 + 11,383 + 43,694

Capital accounts

Capital paid in 15,875 + 3 + 2,050

Surplus 15,374 + 12 + 2,473

Other capital accounts 1,176 - 243 - 616

Total capital 32,425 - 228 + 3,907

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 May 3, 2006

Eliminations from

consolidation Wednesday

 May 2, 2007

Wednesday

 Apr 25, 2007

3. Maturity Distribution of Loans and Securities, May 2, 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 10 65,945 + 3,174 0 0 48,000 41,421

16 days to 90 days 66 164,712 - 4,995 0 0 0 0

91 days to 1 year 0 171,410 - 3,297 0 0 . . . . . . 

Over 1 year to 5 years . . . 234,977 + 5,144 0 0 . . . . . . 

Over 5 years to 10 years . . . 66,901 + 14 0 0 . . . . . . 

Over 10 years . . . 83,265 + 21 0 0 . . . . . . 

All 76 787,210 + 61 0 0 48,000 41,421

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on May 2, 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 1,073 835,286 787,210 787,210 277,019 510,191 0 48,000 76 5,499 2,003 39,032 0 896,130

Assets, liabilities, and capital

 4,053 874 71 302,427 285,047 285,047 100,308 184,739 0 17,381 0 31 212 12,174 + 9,730 329,571

 449 115 47 38,497 36,279 36,279 12,767 23,513 0 2,212 6 278 117 1,320 - 3,086 37,738

 455 83 69 36,950 34,826 34,826 12,255 22,571 0 2,124 0 466 57 3,237 - 2,681 38,636

 428 104 112 34,179 32,215 32,215 11,336 20,879 0 1,964 0 677 156 2,226 - 5,076 32,807

 869 147 97 72,364 68,206 68,206 24,001 44,204 0 4,159 0 857 171 7,187 - 160 81,533

 1,117 166 120 77,466 73,012 73,012 25,693 47,319 0 4,452 2 525 231 3,348 + 4,189 87,161

 903 212 127 70,088 66,029 66,029 23,235 42,793 0 4,026 33 381 208 2,563 - 147 74,335

 326 71 47 26,706 25,160 25,160 8,854 16,306 0 1,534 12 140 87 806 - 71 28,111

 2   16,6 15,7 15,7 5,5 10,1  9  2 1 7 - 1,1 16,9
 967,274

 195,111 772,163 772,163 11,037 2,200 758,926 0 835,210 41,487 793,723

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.

 967,274 195,111 772,163 41,421 37,594 11,873 25,350 93 278 6,634 5,892 863,705 15,875 15,374 1,176 896,130

 38,286 4,320 33,966 1,909 414 412 0 1 1 372 258 36,919 397 396 26 37,738

 340,041 63,414 276,626 14,998 27,311 1,714 25,350 63 184 140 1,825 320,900 4,220 3,771 680 329,571

 38,319 6,626 31,693 1,832 382 378 0 5 0 811 288 35,007 1,810 1,810 9 38,636

 35,945 8,507 27,438 1,695 592 589 0 3 0 642 278 30,644 1,064 1,087 12 32,807

 78,309 12,892 65,417 3,589 2,580 2,488 0 11 82 1,103 764 73,453 3,972 4,095 13 81,533

 107,715 29,501 78,214 3,842 1,332 1,329 0 3 0 514 577 84,480 1,317 1,276 87 87,161

 81,048 14,338 66,710 3,474 1,525 1,523 0 2 0 340 479 72,528 877 859 71 74,335

 29,424 3,676 25,748 1,324 317 310 0 0 6 145 215 27,749 172 166 24 28,111

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

H.4.14. Statement of Condition of Each Federal Reserve Bank on May 2, 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

 May 2, 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.