FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             March 15, 2007
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
                                                                   Averages of daily figures
Reserve Bank credit, related items, and                   Week ended   Change from week ended     Wednesday
reserve balances of depository institutions at           Mar 14, 2007  Mar 7, 2007 Mar 15, 2006 Mar 14, 2007
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. Treasury (1)                                       780,833    +      24    +  24,216      780,842
       Bills (2)                                            277,019            0    +   2,877      277,019
       Notes and bonds, nominal (2)                         468,553            0    +  11,533      468,553
       Notes and bonds, inflation-indexed (2)                31,776            0    +   9,516       31,776
       Inflation compensation (3)                             3,485    +      24    +     291        3,494
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    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 outstanding (5)                            38,338    +      14    +     498       38,338
       
Total factors supplying reserve funds                       903,172    -     150    +  32,038      913,403
                                                                   
Currency in circulation(5)                                  806,712    -     172    +  16,963      807,904
Reverse repurchase agreements (6)                            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 accounts(2,7)         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   


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.


2. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of Dollars
                                              Eliminations                          Change Since
                                                  from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital             consolidation Mar 14, 2007      Mar 7, 2007     Mar 15, 2006

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. Treasury (1)                                        780,842        +      24        +  23,629       
         Bills (2)                                             277,019                0        +   2,877
         Notes and bonds, nominal (2)                          468,553                0        +  11,376
         Notes and bonds, inflation-indexed (2)                 31,776                0        +   9,130
         Inflation compensation (3)                              3,494        +      24        +     247
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    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 assets (5)                                                36,969        +     468        +     218
      Total assets                                  (760)      879,986        +  11,610        +  33,826
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  770,745        -     110        +  16,859
Reverse repurchase agreements (6)                               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 dividends (7)                      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


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 securites.
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.



3. Maturity Distribution of Loans and Securities,     March 14, 2007
Millions of dollars
                                    U.S. Treasury           Federal agency                      Reverse
Maturity             Loans           securities (1)          securities           Repurchase   repurchase
                                              Weekly                    Weekly    agreements(2)agreements(2)
                                  Holdings    changes      Holdings    changes    
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 to 5 years     ------        224,570   +       6            0           0     ------      ------
Over 5 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

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.



4. Statement of Condition of Each Federal Reserve Bank on     March 14, 2007
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,037        486      4,139        463        446        853      1,023        947        328        211        324        575      1,242
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                             952         38         61         64         99         92        101        115         39         39         70         91        142
Securities, repurchase agreements,
      and loans                              823,869     39,318    304,926     35,768     35,573     68,437     68,969     75,656     26,175     16,757     24,126     36,973     91,191
   Securities held outright                  780,842     37,261    289,011     33,901     33,717     64,865     65,370     71,697     24,809     15,874     22,865     35,043     86,432
      U.S. Treasury (1)                      780,842     37,261    289,011     33,901     33,717     64,865     65,370     71,697     24,809     15,874     22,865     35,043     86,432
         Bills (2)                           277,019     13,219    102,532     12,027     11,962     23,012     23,191     25,436      8,801      5,632      8,112     12,432     30,663
         Notes and bonds(3)                  503,823     24,042    186,479     21,874     21,755     41,853     42,178     46,261     16,007     10,242     14,753     22,611     55,768
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                43,000      2,052     15,915      1,867      1,857      3,572      3,600      3,948      1,366        874      1,259      1,930      4,760
      Loans                                       27          5          0          0          0          0          0         11          0          9          2          0          0
Items in process of collection                 3,750        149         84        495        293        415        174        269         99        199        482        288        803
Bank premises                                  1,969        117        210         57        157        170        231        206         81        116        178        259        187
Other assets(5)                               36,969      1,248     11,543      3,147      2,160      6,936      3,051      2,508        730        694        678        971      3,304
Interdistrict settlement account                   0    - 3,010    - 4,653    - 2,160    - 4,285    +   312    +13,238    - 5,084    +   532    -   996    + 3,383    + 1,369    + 1,353
          Total Assets                       880,746     38,461    317,184     37,917     34,548     77,361     86,953     74,829     28,055     17,049     29,307     40,625     98,457

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 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.




4. Statement of Condition of Each Federal Reserve Bank on     March 14, 2007
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding             963,864     38,862    340,752     37,944     35,972     74,646    105,853     82,056     29,372     17,322     30,771     56,951    113,362
  Less: notes held by F.R. Banks              193,118      4,456     63,506      6,778      7,628     13,152     27,321     14,965      3,658      2,495      4,089     20,072     24,998
    Federal Reserve notes, net                770,745     34,406    277,246     31,166     28,345     61,494     78,533     67,091     25,714     14,827     26,682     36,879     88,364
Reverse repurchase agreements (1)              39,727      1,896     14,704      1,725      1,715      3,300      3,326      3,648      1,262        808      1,163      1,783      4,397
Deposits                                       27,188        773     14,554        450      1,607      3,208      1,477      1,473        371        348        443        779      1,704
  Depository institutions                      21,746        765      9,227        445      1,603      3,135      1,473      1,470        359        347        442        778      1,701
  U.S. Treasury, general account                5,113          0      5,113          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 90          1         60          5          3         11          3          2          0          1          0          1          3
  Other                                           240          7        155          0          1         62          0          0         12          0          1          0          0
Deferred availability cash items                4,716        291         84        659        380        528        479        301        131        262        453        337        811
Other liabilities and accrued                 
  dividends (2)                                 5,804        266      1,862        277        284        675        512        523        217        156        187        282        562
   
    Total liabilities                         848,180     37,631    308,451     34,277     32,332     69,206     84,326     73,035     27,695     16,401     28,928     40,059     95,839
                              
Capital                    
Capital paid in                                15,823        395      4,219      1,810      1,090      3,972      1,279        863        168        317        179        266      1,266
Surplus                                        15,339        396      3,738      1,810      1,087      4,094      1,276        859        166        276        176        212      1,247
Other capital                                   1,404         38        776         20         40         89         72         72         25         56         24         88        104
     Total liabilities and capital            880,746     38,461    317,184     37,917     34,548     77,361     86,953     74,829     28,055     17,049     29,307     40,625     98,457
                              

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.


5. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars



Federal Reserve notes and collateral        Wednesday
                                          Mar 14, 2007
              
Federal Reserve notes outstanding             963,864
   Less: Notes held by F.R. Banks
         not subject to collateralization     193,118
      Federal Reserve Notes to be
         collateralized                       770,745 
Collateral held against Federal Reserve            
   notes                                      770,745
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              757,509
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         823,842
   Less:face value of securities under
         reverse repurchase agreements         39,802
      U.S. Treasury and agency securities
             eligible to be pledged           784,040
   

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 of inflation-indexed securities, and cash value of repurchase agreements.