Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 851,593 - 164 + 31,542 861,824

Securities held outright 780,833 + 24 + 24,216 780,842

U.S. Treasury1 780,833 + 24 + 24,216 780,842

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

Notes and bonds, nominal2 468,553 0 + 11,533 468,553

Notes and bonds, inflation-indexed2 31,776 0 + 9,516 31,776

Inflation compensation3 3,485 + 24 + 291 3,494

Federal agency2 0 0 0 0

Repurchase agreements4 32,786 - 571 + 4,250 43,000

Loans to depository institutions 53 + 21 - 6 27

Primary credit 5 - 3 - 5 0

Secondary credit 21 + 21 + 21 0

Seasonal credit 28 + 4 - 21 27

Float -700 - 7 - 1,385 -966

Other Federal Reserve assets 38,621 + 369 + 4,466 38,921

Gold stock 11,041 0 - 3 11,041

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

Treasury currency outstanding5 38,338 + 14 + 498 38,338

Total factors supplying reserve funds 903,172 - 150 + 32,038 913,403

Currency in circulation5 806,712 - 172 + 16,963 807,904

Reverse repurchase agreements6 37,338 - 1,291 + 12,739 39,727

Foreign official and international accounts 37,338 - 1,291 + 12,739 39,727

Dealers 0 0 0 0

Treasury cash holdings 219 + 14 + 25 231

Deposits with F.R. Banks, other than reserve balances 12,120 + 342 - 848 12,131

U.S. Treasury, general account 5,038 + 313 + 559 5,113

Foreign official 116 + 24 + 17 90

Service-related 6,689 0 - 1,456 6,689

Required clearing balances 6,689 0 - 1,456 6,689

Adjustments to compensate for float 0 0 0 0

Other 278 + 7 + 33 240

Other liabilities and capital 38,706 + 51 + 6,109 38,370

Total factors, other than reserve balances,

absorbing reserve funds 895,096 - 1,055 + 34,989 898,363

Reserve balances with Federal Reserve Banks 8,076 + 906 - 2,951 15,040

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,859,773 + 11,369 + 264,807 1,870,905

U.S. Treasury 1,213,730 + 3,860 + 80,157 1,217,026

Federal agency 646,043 + 7,509 + 184,650 653,879

Securities lent to dealers 2,273 + 68 - 1,750 2,357

FEDERAL RESERVE statistical release

 March 15, 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 14, 2007 Week ended

 Mar 14, 2007 Mar 7, 2007 Mar 15, 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 952 - 25 + 153

Securities, repurchase agreements, and loans 823,869 + 11,758 + 36,846

Securities held outright 780,842 + 24 + 23,629

U.S. Treasury1 780,842 + 24 + 23,629

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 3,494 + 24 + 247

Federal agency2 0 0 0

Repurchase agreements4 43,000 + 11,750 + 13,250

Loans 27 - 16 - 33

Items in process of collection (760) 2,990 - 592 - 3,535

Bank premises 1,969 0 + 147

Other assets5 36,969 + 468 + 218

Total assets (760) 879,986 + 11,610 + 33,826

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 770,745 - 110 + 16,859

Reverse repurchase agreements6 39,727 + 1,939 + 15,434

Deposits (0) 27,188 + 10,383 - 2,113

Depository institutions 21,746 + 9,736 - 4,300

U.S. Treasury, general account 5,113 + 664 + 2,269

Foreign official 90 - 6 - 60

Other (0) 240 - 10 - 21

Deferred availability cash items (760) 3,956 - 666 - 2,282

Other liabilities and accrued dividends7 5,804 + 3 + 1,296

Total liabilities (760) 847,420 + 11,550 + 29,195

Capital accounts

Capital paid in 15,823 - 137 + 2,118

Surplus 15,339 + 23 + 2,438

Other capital accounts 1,404 + 174 + 76

Total capital 32,566 + 60 + 4,631

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Mar 15, 2006

Eliminations from

consolidation Wednesday

 Mar 14, 2007

Wednesday

 Mar 7, 2007

3. Maturity Distribution of Loans and Securities, March 14, 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 5 52,120 - 1,149 0 0 43,000 39,727

16 days to 90 days 21 180,565 + 1,072 0 0 0 0

91 days to 1 year 0 174,534 + 79 0 0 . . . . . . 

Over 1 year to 5 years . . . 224,570 + 6 0 0 . . . . . . 

Over 5 years to 10 years . . . 66,539 + 6 0 0 . . . . . . 

Over 10 years . . . 82,514 + 10 0 0 . . . . . . 

All 27 780,842 + 24 0 0 43,000 39,727

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on March 14, 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 2,200 952 823,869 780,842 780,842 277,019 503,823 0 43,000 27 3,750 1,969 36,969 0 880,746

Assets, liabilities, and capital

 4,139 874 61 304,926 289,011 289,011 102,532 186,479 0 15,915 0 84 210 11,543 - 4,653 317,184

 486 115 38 39,318 37,261 37,261 13,219 24,042 0 2,052 5 149 117 1,248 - 3,010 38,461

 463 83 64 35,768 33,901 33,901 12,027 21,874 0 1,867 0 495 57 3,147 - 2,160 37,917

 446 104 99 35,573 33,717 33,717 11,962 21,755 0 1,857 0 293 157 2,160 - 4,285 34,548

 853 147 92 68,437 64,865 64,865 23,012 41,853 0 3,572 0 415 170 6,936 + 312 77,361

 1,023 166 101 68,969 65,370 65,370 23,191 42,178 0 3,600 0 174 231 3,051 +13,238 86,953

 947 212 115 75,656 71,697 71,697 25,436 46,261 0 3,948 11 269 206 2,508 - 5,084 74,829

 328 71 39 26,175 24,809 24,809 8,801 16,007 0 1,366 0 99 81 730 + 532 28,055

 2   16,7 15,8 15,8 5,6 10,2  8  1 1 6 - 9 17,0
 963,864

 193,118 770,745 770,745 11,037 2,200 757,509 0 823,842 39,802 784,040

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.

 963,864 193,118 770,745 39,727 27,188 21,746 5,113 90 240 4,716 5,804 848,180 15,823 15,339 1,404 880,746

 38,862 4,456 34,406 1,896 773 765 0 1 7 291 266 37,631 395 396 38 38,461

 340,752 63,506 277,246 14,704 14,554 9,227 5,113 60 155 84 1,862 308,451 4,219 3,738 776 317,184

 37,944 6,778 31,166 1,725 450 445 0 5 0 659 277 34,277 1,810 1,810 20 37,917

 35,972 7,628 28,345 1,715 1,607 1,603 0 3 1 380 284 32,332 1,090 1,087 40 34,548

 74,646 13,152 61,494 3,300 3,208 3,135 0 11 62 528 675 69,206 3,972 4,094 89 77,361

 105,853 27,321 78,533 3,326 1,477 1,473 0 3 0 479 512 84,326 1,279 1,276 72 86,953

 82,056 14,965 67,091 3,648 1,473 1,470 0 2 0 301 523 73,035 863 859 72 74,829

 29,372 3,658 25,714 1,262 371 359 0 0 12 131 217 27,695 168 166 25 28,055

 17,3 2,4 14,8 8 3 3    2 1 16,4 3 2  17,0

H.4.14. Statement of Condition of Each Federal Reserve Bank on March 14, 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 14, 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.