FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          November 30, 2006
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           Nov 29, 2006 Nov 22, 2006 Nov 30, 2005 Nov 29, 2006
Federal Reserve Banks

Reserve Bank Credit                                         844,012    +   5,073    +  31,296      842,782
 Securities held outright                                   772,074    +   1,516    +  27,768      772,610       
    U.S. Treasury (1)                                       772,074    +   1,516    +  27,768      772,610
       Bills (2)                                            277,019            0    +   5,749      277,019
       Notes and bonds, nominal (2)                         460,818    +   1,554    +  11,061      461,368
       Notes and bonds, inflation-indexed (2)                30,105            0    +  10,122       30,105
       Inflation compensation (3)                             4,133    -      38    +     838        4,118
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    34,750    +   2,786    +   4,929       33,000
 Loans to depository institutions                               111    -      88    +       8          128
    Primary credit                                               11    -      89    +       5           26
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             101    +       2    +       4          102
 Float                                                         -383    -       2    -   1,299         -786
 Other Federal Reserve assets                                37,459    +     861    -     111       37,830
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,196    +      14    +   1,656       38,196
       
Total factors supplying reserve funds                       895,449    +   5,087    +  32,953      894,219
                                                                   
Currency in circulation(5)                                  807,735    +   4,702    +  27,124      808,317
Reverse repurchase agreements (6)                            30,476    -     717    +   4,694       30,723
   Foreign official and international accounts               30,476    -     717    +   4,694       30,723
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          163    -      12    -      41          164
Deposits with F.R.Banks, other than reserve balances         12,241    +     395    -   1,971       12,046       
  U.S. Treasury, general account                              5,030    +     367    -      60        4,807
  Foreign official                                               90    -       1    +       7           92
  Service-related                                             6,832    +      27    -   1,922        6,832
     Required clearing balances                               6,832    +      27    -   1,922        6,832
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         290    +       2    +       6          316
Other liabilities and capital                                35,925    +     760    +   3,610       35,746

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  886,540    +   5,128    +  33,417      886,997

Reserve balances with Federal Reserve Banks                   8,910    -      40    -     463        7,223
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,711,312    +   1,706    + 207,357    1,707,124
     U.S. Treasury                                        1,149,257    -   2,096    +  49,139    1,146,412
     Federal agency                                         562,054    +   3,802    + 158,217      560,712
  Securities lent to dealers                                  1,283    +     595    -   1,672        3,585   


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 Nov 29, 2006     Nov 22, 2006     Nov 30, 2005

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               786        -      19        +     102
Securities, repurchase agreements, and loans                   805,738        -   9,274        +  26,234
   Securities held outright                                    772,610        +     737        +  28,442
      U.S. Treasury (1)                                        772,610        +     737        +  28,442       
         Bills (2)                                             277,019                0        +   5,749
         Notes and bonds, nominal (2)                          461,368        +     770        +  11,773
         Notes and bonds, inflation-indexed (2)                 30,105                0        +  10,122
         Inflation compensation (3)                              4,118        -      34        +     799
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    33,000        -  10,000        -   2,250    
   Loans                                                           128        -      11        +      42
Items in process of collection                      (827)        3,088        +      12        -   3,888
Bank premises                                                    1,912        +       2        +      66
Other assets (5)                                                35,892        +     839        +     387
      Total assets                                  (827)      860,652        -   8,441        +  22,900
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  771,067        +     434        +  26,500
Reverse repurchase agreements (6)                               30,723        +   1,388        +     668
Deposits                                              (0)       19,242        -   9,986        -   5,932       
  Depository institutions                                       14,028        -  10,699        -   6,176
  U.S. Treasury, general account                                 4,807        +     679        +     173
  Foreign official                                                  92                0        +      10
  Other                                               (0)          316        +      36        +      61
Deferred availability cash items                    (827)        3,873        -     628        -   2,218
Other liabilities and accrued dividends (7)                      5,984        +      52        +   1,753
      Total liabilities                             (827)      830,890        -   8,738        +  20,772
                          
Capital Accounts
Capital paid in                                                 15,305        +      10        +   1,804
Surplus                                                         10,554                0        -   1,076
Other capital accounts                                           3,904        +     288        +   1,401
      Total capital                                             29,762        +     297        +   2,128


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,  November 29, 2006
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             124       59,795   +     961            0           0       33,000       30,723
16 days to 90 days           4      158,353   -      44            0           0            0            0
91 days to 1 year            0      188,536   -     919            0           0     ------      ------
Over 1 to 5 years     ------        219,202   -      11            0           0     ------      ------
Over 5 to 10 years    ------         67,241   -       8            0           0     ------      ------
Over 10 years         ------         79,482   +     756            0           0     ------      ------
                   		 	
All                        128      772,610   +     737            0           0       33,000      30,723

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  November 29, 2006
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                                             786         23         43         57         73         75         92         93         40         31         60         74        126
Securities, repurchase agreements,
      and loans                              805,738     36,870    318,964     33,544     33,361     64,206     64,687     70,990     24,549     15,729     22,642     34,675     85,520
   Securities held outright                  772,610     36,868    285,964     33,543     33,361     64,181     64,680     70,941     24,547     15,707     22,624     34,674     85,520
      U.S. Treasury (1)                      772,610     36,868    285,964     33,543     33,361     64,181     64,680     70,941     24,547     15,707     22,624     34,674     85,520
         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)                  495,591     23,649    183,432     21,516     21,399     41,169     41,489     45,505     15,746     10,075     14,512     22,242     54,857
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                33,000          0     33,000          0          0          0          0          0          0          0          0          0          0
      Loans                                      128          2          0          0          0         26          7         49          2         22         19          1          0
Items in process of collection                 3,914        172         63        364        342        465        438        204        119        197        516        292        743
Bank premises                                  1,912        115        207         58        157        164        231        209         77        116        138        260        179
Other assets(5)                               35,892      1,182     11,615      1,905      2,252      6,971      2,644      2,668        704        684        698        905      3,664
Interdistrict settlement account                   0    -   284    -16,576    +   971    - 1,996    + 4,445    + 9,543    - 5,253    -    21    -    59    + 2,388    + 1,596    + 5,245
          Total Assets                       861,479     38,678    319,329     37,444     34,739     77,327     78,825     70,070     25,867     16,939     26,833     38,475     96,954

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  November 29, 2006
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             948,145     38,788    343,913     38,969     36,641     75,125     96,126     78,662     27,212     17,550     28,592     54,552    112,016
  Less: notes held by F.R. Banks              177,078      3,511     53,225      7,632      7,126     11,695     25,164     15,073      3,415      2,498      4,081     19,198     24,460
    Federal Reserve notes, net                771,067     35,278    290,688     31,337     29,515     63,430     70,962     63,589     23,797     15,052     24,510     35,354     87,555
Reverse repurchase agreements (1)              30,723      1,466     11,372      1,334      1,327      2,552      2,572      2,821        976        625        900      1,379      3,401
Deposits                                       19,242        536      8,760        533        950      1,939      1,669      1,094        438        248        437        695      1,943
  Depository institutions                      14,028        533      3,675        531        945      1,841      1,666      1,091        430        247        435        695      1,939
  U.S. Treasury, general account                4,807          0      4,807          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 92          1         63          2          3         11          3          3          0          1          1          0          4
  Other                                           316          2        216          0          1         87          0          0          8          0          1          0          0
Deferred availability cash items                4,700        303         80        715        440        467        551        236         93        293        421        310        790
Other liabilities and accrued                 
  dividends (2)                                 5,984        279      1,944        303        297        664        500        543        219        155        196        292        591
   
    Total liabilities                         831,716     37,862    312,844     34,222     32,528     69,052     76,254     68,283     25,524     16,373     26,464     38,031     94,280
                              
Capital                    
Capital paid in                                15,305        396      3,726      1,812      1,086      4,087      1,278        847        166        276        176        211      1,245
Surplus                                        10,554        309      1,604        723        996      3,238        872        838        124        235        166        121      1,328
Other capital                                   3,904        112      1,154        688        128        950        421        103         53         55         27        112        101
     Total liabilities and capital            861,479     38,678    319,329     37,444     34,739     77,327     78,825     70,070     25,867     16,939     26,833     38,475     96,954
                              

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
                                          Nov 29, 2006
              
Federal Reserve notes outstanding             948,145
   Less: Notes held by F.R. Banks
         not subject to collateralization     177,078
      Federal Reserve Notes to be
         collateralized                       771,067 
Collateral held against Federal Reserve            
   notes                                      771,067
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              757,830
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         805,610
   Less:face value of securities under
         reverse repurchase agreements         30,897
      U.S. Treasury and agency securities
             eligible to be pledged           774,712
   

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.