Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 851,672 + 4,502 + 35,865 852,955

Securities held outright 778,898 + 14 + 27,411 778,902

U.S. Treasury1 778,898 + 14 + 27,411 778,902

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

Notes and bonds, nominal2 466,675 0 + 14,666 466,675

Notes and bonds, inflation-indexed2 31,776 0 + 9,580 31,776

Inflation compensation3 3,428 + 13 + 287 3,432

Federal agency2 0 0 0 0

Repurchase agreements4 35,179 + 8,143 + 7,643 34,000

Loans to depository institutions 26 - 12 - 19 41

Primary credit 5 - 9 0 18

Secondary credit 0 0 - 8 0

Seasonal credit 21 - 3 - 11 23

Float -210 - 293 + 267 2,178

Other Federal Reserve assets 37,779 - 3,350 + 563 37,834

Gold stock 11,041 0 - 3 11,041

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

Treasury currency outstanding5 38,331 + 14 + 836 38,331

Total factors supplying reserve funds 903,244 + 4,516 + 36,698 904,527

Currency in circulation5 807,839 + 3,197 + 18,367 808,371

Reverse repurchase agreements6 37,716 + 1,302 + 13,930 38,144

Foreign official and international accounts 37,716 + 1,302 + 13,930 38,144

Dealers 0 0 0 0

Treasury cash holdings 210 + 12 + 19 200

Deposits with F.R. Banks, other than reserve balances 12,035 - 195 - 1,338 12,390

U.S. Treasury, general account 4,940 - 74 - 65 5,304

Foreign official 91 0 + 7 91

Service-related 6,738 - 123 - 1,277 6,738

Required clearing balances 6,738 - 123 - 1,277 6,738

Adjustments to compensate for float 0 0 0 0

Other 267 + 3 - 2 257

Other liabilities and capital 37,632 + 426 + 5,618 37,392

Total factors, other than reserve balances,

absorbing reserve funds 895,432 + 4,742 + 36,596 896,497

Reserve balances with Federal Reserve Banks 7,812 - 226 + 102 8,031

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,826,581 + 15,528 + 254,221 1,828,375

U.S. Treasury 1,192,778 + 9,049 + 68,178 1,195,980

Federal agency 633,802 + 6,478 + 186,043 632,395

Securities lent to dealers 2,454 + 1,487 + 387 3,672

FEDERAL RESERVE statistical release

 February 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

 Feb 21, 2007 Week ended

 Feb 21, 2007 Feb 14, 2007 Feb 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 1,001 - 28 + 160

Securities, repurchase agreements, and loans 812,944 + 4,006 + 31,292

Securities held outright 778,902 + 13 + 26,353

U.S. Treasury1 778,902 + 13 + 26,353

Bills2 277,019 0 + 2,877

Notes and bonds, nominal2 466,675 0 + 13,597

Notes and bonds, inflation-indexed2 31,776 0 + 9,580

Inflation compensation3 3,432 + 13 + 299

Federal agency2 0 0 0

Repurchase agreements4 34,000 + 4,000 + 5,000

Loans 41 - 8 - 62

Items in process of collection (1,586) 8,082 + 1,708 - 2,360

Bank premises 1,960 + 1 + 140

Other assets5 35,832 - 3,636 + 291

Total assets (1,586) 873,056 + 2,051 + 29,520

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 771,238 + 1,283 + 17,913

Reverse repurchase agreements6 38,144 + 808 + 13,634

Deposits (0) 20,374 - 2,266 - 5,674

Depository institutions 14,722 - 2,467 - 6,647

U.S. Treasury, general account 5,304 + 202 + 970

Foreign official 91 + 1 + 3

Other (0) 257 - 2 0

Deferred availability cash items (1,586) 5,910 + 1,793 - 2,005

Other liabilities and accrued dividends7 5,645 + 6 + 1,319

Total liabilities (1,586) 841,309 + 1,622 + 25,186

Capital accounts

Capital paid in 15,859 + 508 + 2,143

Surplus 15,224 + 27 + 2,323

Other capital accounts 664 - 106 - 132

Total capital 31,747 + 428 + 4,334

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Feb 22, 2006

Eliminations from

consolidation Wednesday

 Feb 21, 2007

Wednesday

 Feb 14, 2007

3. Maturity Distribution of Loans and Securities, February 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 41 63,134 - 3,020 0 0 34,000 38,144

16 days to 90 days 0 171,140 - 335 0 0 0 0

91 days to 1 year 0 176,111 + 8,780 0 0 . . . . . . 

Over 1 year to 5 years . . . 219,506 - 7,439 0 0 . . . . . . 

Over 5 years to 10 years . . . 66,523 + 1,197 0 0 . . . . . . 

Over 10 years . . . 82,489 + 832 0 0 . . . . . . 

All 41 778,902 + 13 0 0 34,000 38,144

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 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 1,001 812,944 778,902 778,902 277,019 501,883 0 34,000 41 9,668 1,960 35,832 0 874,642

Assets, liabilities, and capital

 4,139 874 65 300,877 288,293 288,293 102,532 185,761 0 12,584 0 190 211 11,194 - 6,167 311,384

 486 115 37 38,798 37,168 37,168 13,219 23,949 0 1,622 8 357 117 1,210 - 2,285 38,835

 463 83 71 35,293 33,817 33,817 12,027 21,790 0 1,476 0 1,987 58 3,042 - 2,509 38,487

 446 104 99 35,106 33,633 33,633 11,962 21,671 0 1,468 5 1,221 157 2,115 - 5,085 34,163

 853 147 99 67,528 64,703 64,703 23,012 41,692 0 2,824 0 877 169 6,756 + 1,907 78,336

 1,023 166 115 68,054 65,207 65,207 23,191 42,016 0 2,846 0 710 231 2,922 +11,734 84,956

 947 212 113 74,646 71,519 71,519 25,436 46,083 0 3,122 6 556 205 2,414 - 4,689 74,406

 328 71 43 25,827 24,747 24,747 8,801 15,946 0 1,080 0 274 80 714 + 981 28,318

 2   16,5 15,8 15,8 5,6 10,2  6  4 1 6 - 1,0 16,9
 962,504

 191,266 771,238 771,238 11,037 2,200 758,001 0 812,902 38,209 774,693

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.

 962,504 191,266 771,238 38,144 20,374 14,722 5,304 91 257 7,495 5,645 842,895 15,859 15,224 664 874,642

 38,999 4,159 34,839 1,820 620 612 0 1 7 473 261 38,013 395 396 31 38,835

 340,999 63,001 277,999 14,118 9,008 3,488 5,304 60 155 224 1,820 303,169 4,216 3,738 260 311,384

 38,042 6,904 31,138 1,656 600 595 0 5 0 1,320 265 34,979 1,810 1,698 0 38,487

 36,174 7,358 28,816 1,647 680 675 0 3 2 542 273 31,958 1,089 1,087 29 34,163

 74,950 12,941 62,009 3,169 3,553 3,462 0 11 80 746 625 70,102 4,096 4,094 45 78,336

 102,876 26,197 76,679 3,193 1,250 1,246 0 3 0 715 512 82,348 1,276 1,276 54 84,956

 82,027 14,950 67,077 3,502 1,003 1,001 0 2 1 532 508 72,623 861 859 63 74,406

 29,344 3,422 25,922 1,212 430 419 0 0 11 184 213 27,961 168 166 23 28,318

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

H.4.14. Statement of Condition of Each Federal Reserve Bank on February 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

 Feb 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.