FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              March 8, 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 7, 2007 Feb 28, 2007  Mar 8, 2006  Mar 7, 2007
Federal Reserve Banks

Reserve Bank Credit                                         851,757    -   1,710    +  36,379      849,523
 Securities held outright                                   780,809    +   1,362    +  25,857      780,818       
    U.S. Treasury (1)                                       780,809    +   1,362    +  25,857      780,818
       Bills (2)                                            277,019            0    +   2,877      277,019
       Notes and bonds, nominal (2)                         468,553    +   1,341    +  13,083      468,553
       Notes and bonds, inflation-indexed (2)                31,776            0    +   9,580       31,776
       Inflation compensation (3)                             3,461    +      20    +     317        3,470
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    33,357    -   2,929    +   7,678       31,250
 Loans to depository institutions                                32    -       1    -      30           43
    Primary credit                                                8    -       3    -      12           16
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              24    +       3    -      18           27
 Float                                                         -692    -     252    -   1,542       -1,040
 Other Federal Reserve assets                                38,252    +     111    +   4,417       38,452
Gold stock                                                   11,041            0    -       3       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,332    +      14    +     506       38,332
       
Total factors supplying reserve funds                       903,330    -   1,695    +  36,881      901,095
                                                                   
Currency in circulation(5)                                  806,892    +     240    +  17,824      807,997
Reverse repurchase agreements (6)                            38,629    -      83    +  14,412       37,788
   Foreign official and international accounts               38,629    -      83    +  14,412       37,788
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          205    +       4    +      18          217
Deposits with F.R.Banks, other than reserve balances         11,778    +      23    -   1,748       11,483       
  U.S. Treasury, general account                              4,725    +      51    -     303        4,449
  Foreign official                                               92    +       1    +       7           96
  Service-related                                             6,689    -      49    -   1,454        6,689
     Required clearing balances                               6,689    -      49    -   1,454        6,689
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         271    +      19    +       2          250
Other liabilities and capital                                38,655    +     586    +   6,141       38,307

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  896,160    +     770    +  36,648      895,792

Reserve balances with Federal Reserve Banks                   7,170    -   2,465    +     233        5,304
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,848,404    +  15,034    + 256,698    1,852,372
     U.S. Treasury                                        1,209,870    +   9,357    +  73,269    1,211,761
     Federal agency                                         638,534    +   5,678    + 183,428      640,611
  Securities lent to dealers                                  2,205    -     177    +     385        1,272   


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 7, 2007     Feb 28, 2007      Mar 8, 2006

Assets
Gold certificate account                                        11,037                0        -       3
Special drawing rights certificate account                       2,200                0                0
Coin                                                               977        -       8        +     157
Securities, repurchase agreements, and loans                   812,111        -  13,954        +  29,992
   Securities held outright                                    780,818        +      25        +  25,242
      U.S. Treasury (1)                                        780,818        +      25        +  25,242       
         Bills (2)                                             277,019                0        +   2,877
         Notes and bonds, nominal (2)                          468,553                0        +  12,476
         Notes and bonds, inflation-indexed (2)                 31,776                0        +   9,580
         Inflation compensation (3)                              3,470        +      24        +     310
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    31,250        -  14,000        +   4,750    
   Loans                                                            43        +      21                0
Items in process of collection                    (1,180)        3,582        +     542        -   4,529
Bank premises                                                    1,969        -       5        +     148
Other assets (5)                                                36,501        +     535        +     294
      Total assets                                (1,180)      868,376        -  12,891        +  26,057
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  770,855        -     103        +  17,067
Reverse repurchase agreements (6)                               37,788        -   1,857        +  13,978
Deposits                                              (0)       16,805        -  11,659        -   8,917       
  Depository institutions                                       12,010        -  10,896        -   8,546
  U.S. Treasury, general account                                 4,449        -     745        -     402
  Foreign official                                                  96        +       5        +      10
  Other                                               (0)          250        -      24        +      20
Deferred availability cash items                  (1,180)        4,622        +     569        -   2,260
Other liabilities and accrued dividends (7)                      5,801        +     104        +   1,335
      Total liabilities                           (1,180)      835,870        -  12,947        +  21,202
                          
Capital Accounts
Capital paid in                                                 15,960        +       7        +   2,230
Surplus                                                         15,316        +      34        +   2,415
Other capital accounts                                           1,230        +      16        +     211
      Total capital                                             32,506        +      56        +   4,856


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 7, 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              21       53,269   -     992            0           0       31,250       37,788
16 days to 90 days          22      179,493   +   8,490            0           0            0            0
91 days to 1 year            0      174,455   -   2,812            0           0     ------      ------
Over 1 to 5 years     ------        224,564   -   4,678            0           0     ------      ------
Over 5 to 10 years    ------         66,533   +       7            0           0     ------      ------
Over 10 years         ------         82,504   +      10            0           0     ------      ------
                   		 	
All                         43      780,818   +      25            0           0       31,250      37,788

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 7, 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                                             977         39         66         66         98         96        104        116         41         40         72         94        145
Securities, repurchase agreements,
      and loans                              812,111     38,756    300,575     35,257     35,065     67,459     67,984     74,574     25,801     16,518     23,782     36,453     89,888
   Securities held outright                  780,818     37,259    289,002     33,900     33,715     64,863     65,368     71,695     24,808     15,874     22,864     35,042     86,429
      U.S. Treasury (1)                      780,818     37,259    289,002     33,900     33,715     64,863     65,368     71,695     24,808     15,874     22,864     35,042     86,429
         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)                  503,799     24,040    186,470     21,873     21,754     41,851     42,176     46,259     16,007     10,242     14,752     22,610     55,766
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                31,250      1,491     11,566      1,357      1,349      2,596      2,616      2,869        993        635        915      1,402      3,459
      Loans                                       43          5          7          0          0          0          0         11          0          9          3          8          0
Items in process of collection                 4,762        248         68        274        519        577        565        195        124        339        436        456        961
Bank premises                                  1,969        117        210         57        157        170        231        206         81        116        178        259        187
Other assets(5)                               36,501      1,227     11,355      3,199      2,136      6,858      2,988      2,465        709        688        669        953      3,253
Interdistrict settlement account                   0    - 2,607    - 8,067    - 1,720    - 4,563    +   847    +13,078    - 4,463    +   855    -   832    + 3,662    + 1,760    + 2,050
          Total Assets                       869,556     38,381    309,221     37,678     33,961     77,007     86,138     74,253     28,011     17,110     29,189     40,647     97,960

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 7, 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             963,677     38,931    340,914     37,867     36,047     74,756    104,902     82,171     29,350     17,339     30,798     57,051    113,550
  Less: notes held by F.R. Banks              192,822      4,344     63,610      6,890      7,449     13,122     26,899     14,961      3,562      2,482      4,204     20,070     25,228
    Federal Reserve notes, net                770,855     34,586    277,304     30,977     28,598     61,634     78,003     67,210     25,788     14,858     26,594     36,981     88,322
Reverse repurchase agreements (1)              37,788      1,803     13,986      1,641      1,632      3,139      3,163      3,470      1,201        768      1,107      1,696      4,183
Deposits                                       16,805        515      7,243        440        628      2,737      1,136        929        332        386        423        634      1,401
  Depository institutions                      12,010        506      2,568        435        625      2,661      1,132        927        319        385        421        633      1,398
  U.S. Treasury, general account                4,449          0      4,449          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 96          1         65          5          3         11          3          2          0          1          0          1          3
  Other                                           250          8        161          0          1         66          0          0         12          0          1          0          0
Deferred availability cash items                5,802        386        106        749        611        598        684        343        119        305        496        515        889
Other liabilities and accrued                 
  dividends (2)                                 5,801        266      1,857        273        279        667        540        516        217        154        195        280        558
   
    Total liabilities                         837,050     37,556    300,497     34,079     31,748     68,774     83,526     72,468     27,656     16,470     28,814     40,107     95,354
                              
Capital                    
Capital paid in                                15,960        395      4,219      1,810      1,090      4,111      1,279        861        168        317        179        266      1,266
Surplus                                        15,316        396      3,738      1,788      1,087      4,094      1,276        859        166        276        176        212      1,247
Other capital                                   1,230         34        767          0         37         28         57         65         20         47         20         62         94
     Total liabilities and capital            869,556     38,381    309,221     37,678     33,961     77,007     86,138     74,253     28,011     17,110     29,189     40,647     97,960
                              

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 7, 2007
              
Federal Reserve notes outstanding             963,677
   Less: Notes held by F.R. Banks
         not subject to collateralization     192,822
      Federal Reserve Notes to be
         collateralized                       770,855 
Collateral held against Federal Reserve            
   notes                                      770,855
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              757,618
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         812,068
   Less:face value of securities under
         reverse repurchase agreements         37,856
      U.S. Treasury and agency securities
             eligible to be pledged           774,212
   

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.