Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 844,206 + 7,114 + 29,860 851,098

Securities held outright 778,868 - 12 + 30,196 778,863

U.S. Treasury1 778,868 - 12 + 30,196 778,863

Bills2 277,019 0 + 4,182 277,019

Notes and bonds, nominal2 467,694 - 170 + 16,023 466,675

Notes and bonds, inflation-indexed2 30,757 + 170 + 9,821 31,776

Inflation compensation3 3,398 - 12 + 169 3,393

Federal agency2 0 0 0 0

Repurchase agreements4 25,500 + 6,893 + 107 32,000

Loans to depository institutions 210 - 109 + 170 1,326

Primary credit 189 - 109 + 178 1,309

Secondary credit 0 0 0 0

Seasonal credit 22 + 1 - 7 18

Float -941 - 400 - 759 -1,482

Other Federal Reserve assets 40,569 + 742 + 146 40,391

Gold stock 11,041 0 - 2 11,041

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

Treasury currency outstanding5 38,289 + 14 + 1,750 38,289

Total factors supplying reserve funds 895,736 + 7,128 + 31,608 902,628

Currency in circulation5 800,843 - 2,496 + 19,823 802,635

Reverse repurchase agreements6 31,706 + 2,296 + 7,895 32,379

Foreign official and international accounts 31,706 + 2,296 + 7,895 32,379

Dealers 0 0 0 0

Treasury cash holdings 210 - 10 - 5 175

Deposits with F.R. Banks, other than reserve balances 12,268 - 98 - 1,916 13,264

U.S. Treasury, general account 5,055 - 57 - 62 6,053

Foreign official 90 - 19 + 7 90

Service-related 6,835 - 2 - 1,875 6,835

Required clearing balances 6,835 - 2 - 1,875 6,835

Adjustments to compensate for float 0 0 0 0

Other 287 - 21 + 13 285

Other liabilities and capital 37,417 + 393 + 5,931 36,727

Total factors, other than reserve balances,

absorbing reserve funds 882,443 + 83 + 31,728 885,179

Reserve balances with Federal Reserve Banks 13,293 + 7,045 - 120 17,449

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,790,193 + 10,882 + 250,155 1,791,200

U.S. Treasury 1,173,303 + 4,123 + 71,665 1,176,156

Federal agency 616,890 + 6,759 + 178,490 615,043

Securities lent to dealers 1,289 - 378 - 2,424 3,513

FEDERAL RESERVE statistical release

 February 1, 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

 Jan 31, 2007 Week ended

 Jan 31, 2007 Jan 24, 2007 Feb 1, 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 1,069 + 85 + 259

Securities, repurchase agreements, and loans 812,189 + 14,288 + 40,293

Securities held outright 778,863 - 12 + 30,023

U.S. Treasury1 778,863 - 12 + 30,023

Bills2 277,019 0 + 4,165

Notes and bonds, nominal2 466,675 - 1,189 + 16,095

Notes and bonds, inflation-indexed2 31,776 + 1,189 + 9,580

Inflation compensation3 3,393 - 13 + 183

Federal agency2 0 0 0

Repurchase agreements4 32,000 + 13,000 + 9,000

Loans 1,326 + 1,300 + 1,271

Items in process of collection (829) 2,729 - 389 - 5,779

Bank premises 1,962 + 13 + 138

Other assets5 38,373 - 23 - 13

Total assets (829) 869,559 + 13,974 + 34,896

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 765,586 - 252 + 17,408

Reverse repurchase agreements6 32,379 + 2,960 + 9,199

Deposits (0) 30,657 + 11,644 + 5,752

Depository institutions 24,228 + 11,020 + 4,822

U.S. Treasury, general account 6,053 + 641 + 958

Foreign official 90 0 + 7

Other (0) 285 - 18 - 36

Deferred availability cash items (829) 4,211 0 - 3,242

Other liabilities and accrued dividends7 5,568 + 17 + 1,466

Total liabilities (829) 838,400 + 14,367 + 30,582

Capital accounts

Capital paid in 15,358 + 26 + 1,800

Surplus 15,127 + 35 + 2,248

Other capital accounts 674 - 454 + 266

Total capital 31,159 - 393 + 4,314

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Feb 1, 2006

Eliminations from

consolidation Wednesday

 Jan 31, 2007

Wednesday

 Jan 24, 2007

3. Maturity Distribution of Loans and Securities, January 31, 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 1,325 56,075 - 2,079 0 0 32,000 32,379

16 days to 90 days 1 169,534 + 6,702 0 0 0 0

91 days to 1 year 0 179,349 - 5,552 0 0 . . . . . . 

Over 1 year to 5 years . . . 222,478 - 264 0 0 . . . . . . 

Over 5 years to 10 years . . . 69,780 - 3 0 0 . . . . . . 

Over 10 years . . . 81,647 + 1,183 0 0 . . . . . . 

All 1,326 778,863 - 12 0 0 32,000 32,379

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on January 31, 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 1,069 812,189 778,863 778,863 277,019 501,844 0 32,000 1,326 3,558 1,962 38,373 0 870,388

Assets, liabilities, and capital

 4,139 874 73 321,032 288,278 288,278 102,532 185,746 0 32,000 754 61 211 12,877 -23,974 315,294

 486 115 42 37,175 37,166 37,166 13,219 23,947 0 0 9 179 117 1,293 - 341 39,067

 463 83 70 33,815 33,815 33,815 12,027 21,788 0 0 0 543 58 1,886 - 40 36,877

 446 104 103 34,079 33,631 33,631 11,962 21,669 0 0 448 354 157 2,332 - 3,532 34,043

 853 147 105 64,700 64,700 64,700 23,012 41,688 0 0 0 395 171 7,093 + 4,077 77,540

 1,023 166 119 65,304 65,204 65,204 23,191 42,013 0 0 100 321 231 2,828 +11,713 81,705

 947 212 130 71,519 71,515 71,515 25,436 46,079 0 0 4 210 206 2,864 - 1,693 74,393

 328 71 48 24,747 24,746 24,746 8,801 15,944 0 0 1 118 82 798 + 1,779 27,971

 2   15,8 15,8 15,8 5,6 10,2    1 1 7 + 8 18,0
 960,128

 194,542 765,586 765,586 11,037 2,200 752,349 0 810,863 32,428 778,435

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.

 960,128 194,542 765,586 32,379 30,657 24,228 6,053 90 285 5,040 5,568 839,230 15,358 15,127 674 870,388

 39,080 3,969 35,112 1,545 981 977 0 1 3 349 261 38,248 396 396 26 39,067

 341,101 62,472 278,630 11,984 15,040 8,760 6,053 61 166 101 1,812 307,568 3,725 3,738 263 315,294

 38,237 7,596 30,641 1,406 457 454 0 2 1 706 258 33,467 1,810 1,600 0 36,877

 36,107 7,570 28,537 1,398 1,139 1,135 0 3 0 501 274 31,848 1,087 1,087 22 34,043

 75,188 13,006 62,182 2,690 3,206 3,094 0 11 101 623 581 69,282 4,093 4,094 71 77,540

 100,052 27,000 73,052 2,711 2,250 2,247 0 3 0 569 513 79,094 1,274 1,276 60 81,705

 82,402 15,220 67,182 2,973 1,659 1,656 0 3 0 292 505 72,611 859 858 65 74,393

 29,123 3,416 25,707 1,029 547 535 0 0 11 119 213 27,615 167 166 22 27,971

 17,4 2,6 14,7 6 1,6 1,6    2 1 17,4 2 2  18,0

H.4.14. Statement of Condition of Each Federal Reserve Bank on January 31, 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

 Jan 31, 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.