Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 851,125 - 468 + 30,297 848,973

Securities held outright 780,857 + 24 + 23,616 780,866

U.S. Treasury1 780,857 + 24 + 23,616 780,866

Bills2 277,019 0 + 2,877 277,019

Notes and bonds, nominal2 468,553 0 + 11,376 468,553

Notes and bonds, inflation-indexed2 31,776 0 + 9,130 31,776

Inflation compensation3 3,509 + 24 + 234 3,518

Federal agency2 0 0 0 0

Repurchase agreements4 31,750 - 1,036 + 2,857 29,750

Loans to depository institutions 40 - 13 - 363 29

Primary credit 10 + 5 - 340 1

Secondary credit 0 - 21 0 0

Seasonal credit 30 + 2 - 22 29

Float -603 + 98 - 83 -908

Other Federal Reserve assets 39,081 + 460 + 4,269 39,236

Gold stock 11,041 0 - 3 11,041

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

Treasury currency outstanding5 38,352 + 14 + 499 38,352

Total factors supplying reserve funds 902,718 - 453 + 30,794 900,566

Currency in circulation5 806,298 - 414 + 17,369 807,207

Reverse repurchase agreements6 39,237 + 1,899 + 14,224 38,497

Foreign official and international accounts 39,237 + 1,899 + 14,224 38,497

Dealers 0 0 0 0

Treasury cash holdings 237 + 18 + 39 270

Deposits with F.R. Banks, other than reserve balances 12,769 + 649 - 756 12,071

U.S. Treasury, general account 5,408 + 370 + 266 4,721

Foreign official 90 - 26 - 82 90

Service-related 7,041 + 352 - 939 7,041

Required clearing balances 7,041 + 352 - 939 7,041

Adjustments to compensate for float 0 0 0 0

Other 229 - 49 - 2 220

Other liabilities and capital 38,784 + 78 + 5,714 38,269

Total factors, other than reserve balances,

absorbing reserve funds 897,324 + 2,228 + 36,590 896,314

Reserve balances with Federal Reserve Banks 5,394 - 2,681 - 5,796 4,252

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,875,855 + 16,082 + 288,906 1,881,690

U.S. Treasury 1,217,428 + 3,698 + 94,323 1,216,228

Federal agency 658,427 + 12,384 + 194,583 665,462

Securities lent to dealers 1,647 - 626 + 20 1,038

FEDERAL RESERVE statistical release

 March 22, 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

 Mar 21, 2007 Week ended

 Mar 21, 2007 Mar 14, 2007 Mar 22, 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 - 3

Special drawing rights certificate account 2,200 0 0

Coin 931 - 21 + 136

Securities, repurchase agreements, and loans 810,646 - 13,223 + 27,438

Securities held outright 780,866 + 24 + 23,609

U.S. Treasury1 780,866 + 24 + 23,609

Bills2 277,019 0 + 2,877

Notes and bonds, nominal2 468,553 0 + 11,376

Notes and bonds, inflation-indexed2 31,776 0 + 9,130

Inflation compensation3 3,518 + 24 + 226

Federal agency2 0 0 0

Repurchase agreements4 29,750 - 13,250 + 4,000

Loans 29 + 2 - 172

Items in process of collection (688) 2,905 - 85 - 1,993

Bank premises 1,974 + 5 + 149

Other assets5 37,260 + 291 + 60

Total assets (688) 866,952 - 13,034 + 25,787

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 770,052 - 693 + 17,147

Reverse repurchase agreements6 38,497 - 1,230 + 14,346

Deposits (0) 16,321 - 10,867 - 9,159

Depository institutions 11,290 - 10,456 - 9,481

U.S. Treasury, general account 4,721 - 392 + 307

Foreign official 90 0 + 19

Other (0) 220 - 20 - 3

Deferred availability cash items (688) 3,813 - 143 - 2,279

Other liabilities and accrued dividends7 5,811 + 7 + 1,237

Total liabilities (688) 834,494 - 12,926 + 21,292

Capital accounts

Capital paid in 15,857 + 34 + 2,126

Surplus 15,339 0 + 2,438

Other capital accounts 1,262 - 142 - 69

Total capital 32,458 - 108 + 4,495

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Mar 22, 2006

Eliminations from

consolidation Wednesday

 Mar 21, 2007

Wednesday

 Mar 14, 2007

3. Maturity Distribution of Loans and Securities, March 21, 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 29 58,762 + 6,642 0 0 29,750 38,497

16 days to 90 days 0 173,851 - 6,714 0 0 0 0

91 days to 1 year 0 174,608 + 74 0 0 . . . . . . 

Over 1 year to 5 years . . . 224,576 + 6 0 0 . . . . . . 

Over 5 years to 10 years . . . 66,546 + 7 0 0 . . . . . . 

Over 10 years . . . 82,524 + 10 0 0 . . . . . . 

All 29 780,866 + 24 0 0 29,750 38,497

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on March 21, 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 2,200 931 810,646 780,866 780,866 277,019 503,847 0 29,750 29 3,593 1,974 37,260 0 867,640

Assets, liabilities, and capital

 4,139 874 61 300,031 289,020 289,020 102,532 186,488 0 11,011 0 79 211 11,679 - 8,566 308,508

 486 115 37 38,689 37,262 37,262 13,219 24,043 0 1,420 8 134 117 1,266 - 2,924 37,920

 463 83 63 35,193 33,902 33,902 12,027 21,875 0 1,292 0 649 57 3,161 - 1,950 37,720

 446 104 99 35,002 33,718 33,718 11,962 21,756 0 1,285 0 345 157 2,178 - 5,115 33,216

 853 147 88 67,338 64,867 64,867 23,012 41,855 0 2,471 0 330 170 6,945 - 571 75,300

 1,023 166 96 67,862 65,372 65,372 23,191 42,180 0 2,491 0 414 231 3,036 +14,876 87,705

 947 212 110 74,442 71,699 71,699 25,436 46,263 0 2,732 11 215 205 2,536 - 4,806 73,861

 328 71 38 25,755 24,809 24,809 8,801 16,008 0 945 0 102 82 733 + 846 27,954

 2   16,4 15,8 15,8 5,6 10,2  6  1 1 7 - 8 16,8
 964,296

 194,244 770,052 770,052 11,037 2,200 756,815 0 810,616 38,569 772,047

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.

 964,296 194,244 770,052 38,497 16,321 11,290 4,721 90 220 4,501 5,811 835,182 15,857 15,339 1,262 867,640

 38,723 4,429 34,295 1,837 434 432 0 1 0 267 266 37,098 396 396 30 37,920

 340,326 64,444 275,882 14,249 7,745 2,813 4,721 60 151 73 1,872 299,821 4,220 3,738 729 308,508

 37,869 6,743 31,125 1,671 360 355 0 5 0 640 277 34,074 1,810 1,810 26 37,720

 36,053 7,886 28,166 1,662 505 501 0 3 1 392 283 31,008 1,090 1,087 32 33,216

 74,399 13,235 61,163 3,198 1,593 1,530 0 11 53 559 678 67,192 3,972 4,094 42 75,300

 107,345 27,656 79,689 3,223 1,162 1,159 0 3 0 462 520 85,056 1,312 1,276 61 87,705

 81,746 14,877 66,869 3,535 877 875 0 2 0 274 518 72,073 863 859 66 73,861

 29,380 3,659 25,721 1,223 322 310 0 0 12 115 215 27,596 168 166 24 27,954

 17,3 2,5 14,8 7 2 2    2 1 16,2 3 2  16,8

H.4.14. Statement of Condition of Each Federal Reserve Bank on March 21, 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

 Mar 21, 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.