FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           January 18, 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           Jan 17, 2007 Jan 10, 2007 Jan 18, 2006 Jan 17, 2007
Federal Reserve Banks

Reserve Bank Credit                                         846,037    +   1,484    +  29,605      842,725
 Securities held outright                                   778,891    -      11    +  33,372      778,887       
    U.S. Treasury (1)                                       778,891    -      11    +  33,372      778,887
       Bills (2)                                            277,019            0    +   4,364      277,019
       Notes and bonds, nominal (2)                         467,864            0    +  18,746      467,864
       Notes and bonds, inflation-indexed (2)                30,243    +     138    +   9,812       30,587
       Inflation compensation (3)                             3,765    -     150    +     450        3,417
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    27,500    +     929    -   2,071       19,750
 Loans to depository institutions                               284    +     245    -      37        1,756
    Primary credit                                              265    +     243    -      27        1,735
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              19    +       3    -      10           21
 Float                                                         -201    +      68    -   1,041        2,943
 Other Federal Reserve assets                                39,564    +     255    -     617       39,390
Gold stock                                                   11,041            0    -       2       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,261    +      14    +   1,721       38,261
       
Total factors supplying reserve funds                       897,539    +   1,498    +  31,324      894,227
                                                                   
Currency in circulation(5)                                  807,905    -   4,573    +  23,061      806,794
Reverse repurchase agreements (6)                            30,486    +     827    +   5,917       31,055
   Foreign official and international accounts               30,486    +     827    +   5,917       31,055
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          242    -      19    +      32          221
Deposits with F.R.Banks, other than reserve balances         12,001    -      67    -   2,548       12,845       
  U.S. Treasury, general account                              4,686    -     111    -     124        5,533
  Foreign official                                               90            0    +       2           90
  Service-related                                             6,916    -      21    -   2,457        6,916
     Required clearing balances                               6,916    -       2    -   2,457        6,916
     Adjustments to compensate for float                          0    -      19            0            0
  Other                                                         310    +      65    +      32          307
Other liabilities and capital                                36,703    +     237    +   5,283       36,475

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  887,337    -   3,595    +  31,745      887,391

Reserve balances with Federal Reserve Banks                  10,202    +   5,093    -     420        6,836
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,772,451    +   2,189    + 239,740    1,773,496
     U.S. Treasury                                        1,167,812    -      38    +  66,488    1,166,296
     Federal agency                                         604,639    +   2,227    + 173,253      607,199
  Securities lent to dealers                                  1,183    -   1,924    -     515        2,223   


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 Jan 17, 2007     Jan 10, 2007     Jan 18, 2006

Assets
Gold certificate account                                        11,037                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               908        +      43        +     179
Securities, repurchase agreements, and loans                   800,393        -      26        +  29,402
   Securities held outright                                    778,887        -      11        +  33,202
      U.S. Treasury (1)                                        778,887        -      11        +  33,202       
         Bills (2)                                             277,019                0        +   4,185
         Notes and bonds, nominal (2)                          467,864                0        +  18,746
         Notes and bonds, inflation-indexed (2)                 30,587        +     482        +  10,156
         Inflation compensation (3)                              3,417        -     494        +     115
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    19,750        -   1,750        -   3,500    
   Loans                                                         1,756        +   1,735        -     300
Items in process of collection                    (1,438)        9,332        +   4,528        -   4,614
Bank premises                                                    1,944                0        +     122
Other assets (5)                                                37,406        -      13        -     642
      Total assets                                (1,438)      863,219        +   4,530        +  24,444
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  769,658        -   3,288        +  20,486
Reverse repurchase agreements (6)                               31,055        +   2,134        +   6,326
Deposits                                              (0)       19,642        +   4,216        -   4,993       
  Depository institutions                                       13,713        +   3,606        -   5,118
  U.S. Treasury, general account                                 5,533        +     534        +     104
  Foreign official                                                  90        -       1        +      12
  Other                                               (0)          307        +      77        +       9
Deferred availability cash items                  (1,438)        6,388        +   1,338        -   2,943
Other liabilities and accrued dividends (7)                      5,502        -      16        +   1,551
      Total liabilities                           (1,438)      832,246        +   4,385        +  20,428
                          
Capital Accounts
Capital paid in                                                 15,332        +       1        +   1,784
Surplus                                                         15,066        +      35        +   2,150
Other capital accounts                                             575        +     109        +      82
      Total capital                                             30,973        +     145        +   4,016


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,   January 17, 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           1,756       56,939   +   5,064            0           0       19,750       31,055
16 days to 90 days           0      163,558   -   6,627            0           0            0            0
91 days to 1 year            0      185,391   +   1,635            0           0     ------      ------
Over 1 to 5 years     ------        222,745   -   2,223            0           0     ------      ------
Over 5 to 10 years    ------         67,537   -     105            0           0     ------      ------
Over 10 years         ------         82,717   +   2,244            0           0     ------      ------
                   		 	
All                      1,756      778,887   -      11            0           0       19,750      31,055

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   January 17, 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                                             908         35         61         60         88         88        100        108         40         35         70         91        130
Securities, repurchase agreements,
      and loans                              800,393     37,398    308,409     33,817     33,668     65,807     65,206     71,521     24,747     15,837     22,811     34,956     86,215
   Securities held outright                  778,887     37,167    288,287     33,816     33,632     64,702     65,206     71,517     24,747     15,834     22,807     34,956     86,215
      U.S. Treasury (1)                      778,887     37,167    288,287     33,816     33,632     64,702     65,206     71,517     24,747     15,834     22,807     34,956     86,215
         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)                  501,868     23,948    185,755     21,789     21,671     41,690     42,015     46,081     15,945     10,203     14,696     22,523     55,552
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                19,750          0     19,750          0          0          0          0          0          0          0          0          0          0
      Loans                                    1,756        231        372          1         36      1,105          1          4          0          3          4          0          0
Items in process of collection                10,770        441        292      1,749      1,062        751      1,224        906        313        572        836        759      1,865
Bank premises                                  1,944        117        211         58        157        168        232        206         79        116        159        260        182
Other assets(5)                               37,406      1,273     12,210      1,895      2,310      7,047      2,767      2,820        774        728        748        988      3,845
Interdistrict settlement account                   0    -   812    -13,477    -   812    - 3,449    + 1,250    + 9,456    - 3,710    + 1,511    -   637    + 4,185    + 2,707    + 3,789
          Total Assets                       864,657     39,054    312,719     37,313     34,387     76,111     80,174     73,010     27,862     16,891     29,200     40,433     97,502

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   January 17, 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             959,451     39,067    341,831     38,429     36,403     75,063     98,622     81,357     29,106     17,447     30,841     56,830    114,456
  Less: notes held by F.R. Banks              189,793      3,745     60,520      7,541      7,322     12,442     26,220     15,061      3,456      2,677      4,268     20,106     26,436
    Federal Reserve notes, net                769,658     35,322    281,311     30,888     29,081     62,621     72,402     66,296     25,650     14,770     26,573     36,724     88,021
Reverse repurchase agreements (1)              31,055      1,482     11,494      1,348      1,341      2,580      2,600      2,852        987        631        909      1,394      3,438
Deposits                                       19,642        654     10,169        471        921      1,221      1,320      1,010        468        278        479      1,018      1,632
  Depository institutions                      13,713        635      4,417        469        917      1,094      1,317      1,007        457        278        478      1,017      1,628
  U.S. Treasury, general account                5,533          0      5,533          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 90          1         61          2          3         11          3          3          0          1          1          0          4
  Other                                           307         18        158          0          1        117          0          0         10          0          1          0          0
Deferred availability cash items                7,826        514        235        994        588        933        767        580        196        502        683        561      1,273
Other liabilities and accrued                 
  dividends (2)                                 5,502        259      1,806        250        264        553        487        502        208        146        182        281        563
   
    Total liabilities                         833,684     38,230    305,016     33,951     32,194     67,908     77,576     71,240     27,509     16,329     28,826     39,978     94,927
                              
Capital                    
Capital paid in                                15,332        396      3,725      1,810      1,087      4,093      1,274        859        166        276        178        215      1,253
Surplus                                        15,066        396      3,727      1,552      1,087      4,093      1,276        858        166        276        176        212      1,247
Other capital                                     575         31        251          0         20         17         48         53         21         11         19         29         75
     Total liabilities and capital            864,657     39,054    312,719     37,313     34,387     76,111     80,174     73,010     27,862     16,891     29,200     40,433     97,502
                              

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
                                          Jan 17, 2007
              
Federal Reserve notes outstanding             959,451
   Less: Notes held by F.R. Banks
         not subject to collateralization     189,793
      Federal Reserve Notes to be
         collateralized                       769,658 
Collateral held against Federal Reserve            
   notes                                      769,658
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              756,421
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         798,637
   Less:face value of securities under
         reverse repurchase agreements         31,103
      U.S. Treasury and agency securities
             eligible to be pledged           767,533
   

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.