FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          February 22, 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           Feb 21, 2007 Feb 14, 2007 Feb 22, 2006 Feb 21, 2007
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. Treasury (1)                                       778,898    +      14    +  27,411      778,902
       Bills (2)                                            277,019            0    +   2,877      277,019
       Notes and bonds, nominal (2)                         466,675            0    +  14,666      466,675
       Notes and bonds, inflation-indexed (2)                31,776            0    +   9,580       31,776
       Inflation compensation (3)                             3,428    +      13    +     287        3,432
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    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 outstanding (5)                            38,331    +      14    +     836       38,331
       
Total factors supplying reserve funds                       903,244    +   4,516    +  36,698      904,527
                                                                   
Currency in circulation(5)                                  807,839    +   3,197    +  18,367      808,371
Reverse repurchase agreements (6)                            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 accounts(2,7)         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   


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 Feb 21, 2007     Feb 14, 2007     Feb 22, 2006

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. Treasury (1)                                        778,902        +      13        +  26,353       
         Bills (2)                                             277,019                0        +   2,877
         Notes and bonds, nominal (2)                          466,675                0        +  13,597
         Notes and bonds, inflation-indexed (2)                 31,776                0        +   9,580
         Inflation compensation (3)                              3,432        +      13        +     299
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    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 assets (5)                                                35,832        -   3,636        +     291
      Total assets                                (1,586)      873,056        +   2,051        +  29,520
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  771,238        +   1,283        +  17,913
Reverse repurchase agreements (6)                               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 dividends (7)                      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


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,  February 21, 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              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 to 5 years     ------        219,506   -   7,439            0           0     ------      ------
Over 5 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

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  February 21, 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                                           1,001         37         65         71         99         99        115        113         43         41         77         95        147
Securities, repurchase agreements,
      and loans                              812,944     38,798    300,877     35,293     35,106     67,528     68,054     74,646     25,827     16,535     23,815     36,482     89,983
   Securities held outright                  778,902     37,168    288,293     33,817     33,633     64,703     65,207     71,519     24,747     15,835     22,808     34,956     86,217
      U.S. Treasury (1)                      778,902     37,168    288,293     33,817     33,633     64,703     65,207     71,519     24,747     15,835     22,808     34,956     86,217
         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)                  501,883     23,949    185,761     21,790     21,671     41,692     42,016     46,083     15,946     10,203     14,696     22,524     55,554
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                34,000      1,622     12,584      1,476      1,468      2,824      2,846      3,122      1,080        691        996      1,526      3,763
      Loans                                       41          8          0          0          5          0          0          6          0          9         12          0          2
Items in process of collection                 9,668        357        190      1,987      1,221        877        710        556        274        424        800        816      1,456
Bank premises                                  1,960        117        211         58        157        169        231        205         80        116        168        260        187
Other assets(5)                               35,832      1,210     11,194      3,042      2,115      6,756      2,922      2,414        714        677        653        937      3,197
Interdistrict settlement account                   0    - 2,285    - 6,167    - 2,509    - 5,085    + 1,907    +11,734    - 4,689    +   981    - 1,063    + 3,294    + 1,709    + 2,172
          Total Assets                       874,642     38,835    311,384     38,487     34,163     78,336     84,956     74,406     28,318     16,971     29,197     40,973     98,617

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  February 21, 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             962,504     38,999    340,999     38,042     36,174     74,950    102,876     82,027     29,344     17,331     30,813     57,035    113,912
  Less: notes held by F.R. Banks              191,266      4,159     63,001      6,904      7,358     12,941     26,197     14,950      3,422      2,471      4,340     19,778     25,746
    Federal Reserve notes, net                771,238     34,839    277,999     31,138     28,816     62,009     76,679     67,077     25,922     14,861     26,473     37,257     88,167
Reverse repurchase agreements (1)              38,144      1,820     14,118      1,656      1,647      3,169      3,193      3,502      1,212        775      1,117      1,712      4,222
Deposits                                       20,374        620      9,008        600        680      3,553      1,250      1,003        430        262        445        709      1,814
  Depository institutions                      14,722        612      3,488        595        675      3,462      1,246      1,001        419        261        444        708      1,811
  U.S. Treasury, general account                5,304          0      5,304          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 91          1         60          5          3         11          3          2          0          1          0          1          3
  Other                                           257          7        155          0          2         80          0          1         11          0          1          0          0
Deferred availability cash items                7,495        473        224      1,320        542        746        715        532        184        341        596        562      1,259
Other liabilities and accrued                 
  dividends (2)                                 5,645        261      1,820        265        273        625        512        508        213        152        191        276        547
   
    Total liabilities                         842,895     38,013    303,169     34,979     31,958     70,102     82,348     72,623     27,961     16,391     28,823     40,516     96,010
                              
Capital                    
Capital paid in                                15,859        395      4,216      1,810      1,089      4,096      1,276        861        168        289        179        214      1,266
Surplus                                        15,224        396      3,738      1,698      1,087      4,094      1,276        859        166        276        176        212      1,247
Other capital                                     664         31        260          0         29         45         54         63         23         15         19         31         94
     Total liabilities and capital            874,642     38,835    311,384     38,487     34,163     78,336     84,956     74,406     28,318     16,971     29,197     40,973     98,617
                              

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
                                          Feb 21, 2007
              
Federal Reserve notes outstanding             962,504
   Less: Notes held by F.R. Banks
         not subject to collateralization     191,266
      Federal Reserve Notes to be
         collateralized                       771,238 
Collateral held against Federal Reserve            
   notes                                      771,238
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              758,001
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         812,902
   Less:face value of securities under
         reverse repurchase agreements         38,209
      U.S. Treasury and agency securities
             eligible to be pledged           774,693
   

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.