Reserve Bank credit, related items, and

reserve balances of depository institutions

at 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. Treasury1 778,891 - 11 + 33,372 778,887

Bills2 277,019 0 + 4,364 277,019

Notes and bonds, nominal2 467,864 0 + 18,746 467,864

Notes and bonds, inflation-indexed2 30,243 + 138 + 9,812 30,587

Inflation compensation3 3,765 - 150 + 450 3,417

Federal agency2 0 0 0 0

Repurchase agreements4 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 outstanding5 38,261 + 14 + 1,721 38,261

Total factors supplying reserve funds 897,539 + 1,498 + 31,324 894,227

Currency in circulation5 807,905 - 4,573 + 23,061 806,794

Reverse repurchase agreements6 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 accounts2,7 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

FEDERAL RESERVE statistical release

 January 18, 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 17, 2007 Week ended

 Jan 17, 2007 Jan 10, 2007 Jan 18, 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 - 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. Treasury1 778,887 - 11 + 33,202

Bills2 277,019 0 + 4,185

Notes and bonds, nominal2 467,864 0 + 18,746

Notes and bonds, inflation-indexed2 30,587 + 482 + 10,156

Inflation compensation3 3,417 - 494 + 115

Federal agency2 0 0 0

Repurchase agreements4 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 assets5 37,406 - 13 - 642

Total assets (1,438) 863,219 + 4,530 + 24,444

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 769,658 - 3,288 + 20,486

Reverse repurchase agreements6 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 dividends7 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

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jan 18, 2006

Eliminations from

consolidation Wednesday

 Jan 17, 2007

Wednesday

 Jan 10, 2007

3. Maturity Distribution of Loans and Securities, January 17, 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 1,756 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 year to 5 years . . . 222,745 - 2,223 0 0 . . . . . . 

Over 5 years 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

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on January 17, 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 2,200 908 800,393 778,887 778,887 277,019 501,868 0 19,750 1,756 10,770 1,944 37,406 0 864,657

Assets, liabilities, and capital

 4,139 874 61 308,409 288,287 288,287 102,532 185,755 0 19,750 372 292 211 12,210 -13,477 312,719

 486 115 35 37,398 37,167 37,167 13,219 23,948 0 0 231 441 117 1,273 - 812 39,054

 463 83 60 33,817 33,816 33,816 12,027 21,789 0 0 1 1,749 58 1,895 - 812 37,313

 446 104 88 33,668 33,632 33,632 11,962 21,671 0 0 36 1,062 157 2,310 - 3,449 34,387

 853 147 88 65,807 64,702 64,702 23,012 41,690 0 0 1,105 751 168 7,047 + 1,250 76,111

 1,023 166 100 65,206 65,206 65,206 23,191 42,015 0 0 1 1,224 232 2,767 + 9,456 80,174

 947 212 108 71,521 71,517 71,517 25,436 46,081 0 0 4 906 206 2,820 - 3,710 73,010

 328 71 40 24,747 24,747 24,747 8,801 15,945 0 0 0 313 79 774 + 1,511 27,862

 2   15,8 15,8 15,8 5,6 10,2    5 1 7 - 6 16,8
 959,451

 189,793 769,658 769,658 11,037 2,200 756,421 0 798,637 31,103 767,533

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.

 959,451 189,793 769,658 31,055 19,642 13,713 5,533 90 307 7,826 5,502 833,684 15,332 15,066 575 864,657

 39,067 3,745 35,322 1,482 654 635 0 1 18 514 259 38,230 396 396 31 39,054

 341,831 60,520 281,311 11,494 10,169 4,417 5,533 61 158 235 1,806 305,016 3,725 3,727 251 312,719

 38,429 7,541 30,888 1,348 471 469 0 2 0 994 250 33,951 1,810 1,552 0 37,313

 36,403 7,322 29,081 1,341 921 917 0 3 1 588 264 32,194 1,087 1,087 20 34,387

 75,063 12,442 62,621 2,580 1,221 1,094 0 11 117 933 553 67,908 4,093 4,093 17 76,111

 98,622 26,220 72,402 2,600 1,320 1,317 0 3 0 767 487 77,576 1,274 1,276 48 80,174

 81,357 15,061 66,296 2,852 1,010 1,007 0 3 0 580 502 71,240 859 858 53 73,010

 29,106 3,456 25,650 987 468 457 0 0 10 196 208 27,509 166 166 21 27,862

 17,4 2,6 14,7 6 2 2    5 1 16,3 2 2  16,8

H.4.14. Statement of Condition of Each Federal Reserve Bank on January 17, 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 17, 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.