Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 850,099 + 2,252 + 27,269 859,206

Securities held outright 790,153 + 79 + 29,704 790,182

U.S. Treasury1 790,153 + 79 + 29,704 790,182

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

Notes and bonds, nominal2 474,672 0 + 15,740 474,672

Notes and bonds, inflation-indexed2 34,459 0 + 11,813 34,459

Inflation compensation3 4,003 + 78 + 502 4,032

Federal agency2 0 0 0 0

Repurchase agreements4 22,071 + 4,035 - 786 31,250

Loans to depository institutions 142 + 58 - 32 118

Primary credit 42 + 40 + 21 0

Secondary credit 0 0 0 0

Seasonal credit 101 + 19 - 51 118

Float -935 + 120 - 1,149 -1,173

Other Federal Reserve assets 38,667 - 2,041 - 470 38,829

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,469 + 14 + 500 38,469

Total factors supplying reserve funds 901,810 + 2,266 + 27,769 910,916

Currency in circulation5 808,845 - 227 + 15,002 811,394

Reverse repurchase agreements6 32,215 - 83 + 8,997 32,618

Foreign official and international accounts 32,215 + 131 + 8,997 32,618

Dealers 0 - 214 0 0

Treasury cash holdings 266 + 30 + 81 280

Deposits with F.R. Banks, other than reserve balances 11,751 + 453 - 1,466 11,141

U.S. Treasury, general account 4,913 + 462 - 563 4,312

Foreign official 94 0 + 6 93

Service-related 6,469 - 1 - 896 6,469

Required clearing balances 6,469 - 1 - 896 6,469

Adjustments to compensate for float 0 0 0 0

Other 275 - 9 - 13 266

Other liabilities and capital 39,060 + 79 + 5,554 38,750

Total factors, other than reserve balances,

absorbing reserve funds 892,137 + 251 + 28,168 894,183

Reserve balances with Federal Reserve Banks 9,673 + 2,015 - 399 16,734

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,944,736 + 4,766 + 328,170 1,948,912

U.S. Treasury 1,221,737 - 2,996 + 104,637 1,223,577

Federal agency 722,999 + 7,762 + 223,534 725,336

Securities lent to dealers 4,156 + 632 + 2,820 4,239

FEDERAL RESERVE statistical release

 May 24, 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 23, 2007 Week ended

 May 23, 2007 May 16, 2007 May 24, 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 905 - 44 + 162

Securities, repurchase agreements, and loans 821,550 + 13,354 + 36,493

Securities held outright 790,182 + 79 + 27,804

U.S. Treasury1 790,182 + 79 + 27,804

Bills2 277,019 0 + 1,649

Notes and bonds, nominal2 474,672 0 + 13,822

Notes and bonds, inflation-indexed2 34,459 0 + 11,813

Inflation compensation3 4,032 + 79 + 519

Federal agency2 0 0 0

Repurchase agreements4 31,250 + 13,250 + 8,750

Loans 118 + 25 - 61

Items in process of collection (994) 3,135 + 612 - 2,275

Bank premises 2,014 + 9 + 178

Other assets5 36,835 + 418 - 419

Total assets (994) 877,676 + 14,350 + 34,139

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 774,106 + 1,183 + 14,826

Reverse repurchase agreements6 32,618 + 172 + 9,815

Deposits (0) 27,894 + 12,180 + 5,014

Depository institutions 23,223 + 12,005 + 5,869

U.S. Treasury, general account 4,312 + 187 - 876

Foreign official 93 0 + 8

Other (0) 266 - 13 + 14

Deferred availability cash items (994) 4,308 + 633 - 1,119

Other liabilities and accrued dividends7 5,920 + 26 + 1,031

Total liabilities (994) 844,847 + 14,195 + 29,568

Capital accounts

Capital paid in 16,021 + 38 + 2,155

Surplus 15,374 0 + 2,473

Other capital accounts 1,434 + 117 - 57

Total capital 32,829 + 154 + 4,571

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 May 24, 2006

Eliminations from

consolidation Wednesday

 May 23, 2007

Wednesday

 May 16, 2007

3. Maturity Distribution of Loans and Securities, May 23, 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 115 69,193 + 2,353 0 0 31,250 32,618

16 days to 90 days 3 164,924 + 11,065 0 0 0 0

91 days to 1 year 0 169,907 - 13,413 0 0 . . . . . . 

Over 1 year to 5 years . . . 229,490 + 24 0 0 . . . . . . 

Over 5 years to 10 years . . . 74,477 + 7,536 0 0 . . . . . . 

Over 10 years . . . 82,190 - 7,486 0 0 . . . . . . 

All 118 790,182 + 79 0 0 31,250 32,618

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on May 23, 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 2,200 905 821,550 790,182 790,182 277,019 513,163 0 31,250 118 4,128 2,014 36,835 0 878,670

Assets, liabilities, and capital

 4,053 874 56 297,438 286,123 286,123 100,308 185,815 0 11,316 0 -19 212 11,381 + 1,742 315,737

 449 115 35 37,863 36,416 36,416 12,767 23,650 0 1,440 7 153 117 1,216 - 2,461 37,488

 455 83 59 36,340 34,958 34,958 12,255 22,703 0 1,383 0 643 57 3,230 - 1,751 39,117

 428 104 91 33,616 32,337 32,337 11,336 21,000 0 1,279 0 467 156 2,120 - 4,034 32,947

 869 147 84 71,171 68,463 68,463 24,001 44,462 0 2,708 0 257 172 6,962 + 593 80,254

 1,117 166 102 76,189 73,288 73,288 25,693 47,595 0 2,898 3 297 232 3,126 + 6,047 87,277

 903 212 108 68,939 66,278 66,278 23,235 43,042 0 2,621 40 380 207 2,381 + 99 73,228

 326 71 41 26,283 25,255 25,255 8,854 16,401 0 999 29 549 90 711 - 254 27,816

 2   16,4 15,7 15,7 5,5 10,2  6  3 1 6 - 3 17,4
 970,652

 196,546 774,106 774,106 11,037 2,200 760,869 0 821,432 32,664 788,768

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.

 970,652 196,546 774,106 32,618 27,894 23,223 4,312 93 266 5,302 5,920 845,840 16,021 15,374 1,434 878,670

 37,975 4,370 33,605 1,503 995 986 0 1 9 286 259 36,648 403 396 41 37,488

 342,853 62,911 279,942 11,811 13,213 8,662 4,312 63 176 113 1,830 306,910 4,281 3,771 775 315,737

 39,277 6,783 32,494 1,443 559 553 0 5 1 688 294 35,477 1,807 1,810 22 39,117

 35,832 9,056 26,777 1,335 1,613 1,609 0 3 1 729 282 30,736 1,099 1,087 26 32,947

 78,534 13,516 65,018 2,826 3,142 3,057 0 11 74 378 782 72,145 3,979 4,095 35 80,254

 107,986 29,729 78,257 3,025 2,097 2,093 0 3 0 624 567 84,570 1,319 1,277 111 87,277

 80,547 14,258 66,289 2,736 1,472 1,469 0 2 0 417 483 71,396 887 859 86 73,228

 29,448 3,706 25,742 1,042 341 338 0 0 3 110 214 27,450 172 166 29 27,816

 17,3 2,5 14,7 6 9 9    2 1 16,8 3 2  17,4

H.4.14. Statement of Condition of Each Federal Reserve Bank on May 23, 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 23, 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.