FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           January 25, 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 24, 2007 Jan 17, 2007 Jan 25, 2006 Jan 24, 2007
Federal Reserve Banks

Reserve Bank Credit                                         837,092    -   8,944    +  25,135      837,197
 Securities held outright                                   778,880    -      11    +  32,952      778,875       
    U.S. Treasury (1)                                       778,880    -      11    +  32,952      778,875
       Bills (2)                                            277,019            0    +   4,185      277,019
       Notes and bonds, nominal (2)                         467,864            0    +  18,475      467,864
       Notes and bonds, inflation-indexed (2)                30,587    +     344    +  10,156       30,587
       Inflation compensation (3)                             3,410    -     355    +     136        3,406
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    18,607    -   8,893    -   7,036       19,000
 Loans to depository institutions                               319    +      35    +     280           26
    Primary credit                                              298    +      33    +     288            5
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              21    +       2    -       7           21
 Float                                                         -541    -     338    -     650       -1,093
 Other Federal Reserve assets                                39,827    +     263    -     412       40,389
Gold stock                                                   11,041            0    -       2       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,275    +      14    +   1,736       38,275
       
Total factors supplying reserve funds                       888,608    -   8,930    +  26,868      888,713
                                                                   
Currency in circulation(5)                                  803,339    -   4,566    +  21,276      802,917
Reverse repurchase agreements (6)                            29,410    -   1,076    +   5,834       29,419
   Foreign official and international accounts               29,410    -   1,076    +   5,834       29,419
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          220    -      22    +      11          216
Deposits with F.R.Banks, other than reserve balances         12,366    +     365    -   2,112       12,643       
  U.S. Treasury, general account                              5,112    +     426    -     202        5,412
  Foreign official                                              109    +      19    +      27           90
  Service-related                                             6,837    -      79    -   1,873        6,837
     Required clearing balances                               6,837    -      79    -   1,873        6,837
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         308    -       2    -      64          303
Other liabilities and capital                                37,024    +     321    +   5,595       37,103

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  882,360    -   4,977    +  30,605      882,298

Reserve balances with Federal Reserve Banks                   6,248    -   3,953    -   3,737        6,415
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,779,311    +   6,860    + 242,441    1,784,974
     U.S. Treasury                                        1,169,180    +   1,368    +  64,856    1,169,406
     Federal agency                                         610,131    +   5,492    + 177,585      615,568
  Securities lent to dealers                                  1,667    +     484    -     604          952   


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 24, 2007     Jan 17, 2007     Jan 25, 2006

Assets
Gold certificate account                                        11,037                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               984        +      76        +     214
Securities, repurchase agreements, and loans                   797,901        -   2,492        +  26,283
   Securities held outright                                    778,875        -      12        +  32,287
      U.S. Treasury (1)                                        778,875        -      12        +  32,287       
         Bills (2)                                             277,019                0        +   4,185
         Notes and bonds, nominal (2)                          467,864                0        +  17,799
         Notes and bonds, inflation-indexed (2)                 30,587                0        +  10,156
         Inflation compensation (3)                              3,406        -      11        +     148
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    19,000        -     750        -   6,000    
   Loans                                                            26        -   1,730        -       4
Items in process of collection                      (801)        3,118        -   6,214        -   2,468
Bank premises                                                    1,949        +       5        +     126
Other assets (5)                                                38,396        +     990        -     226
      Total assets                                  (801)      855,585        -   7,634        +  23,926
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  765,838        -   3,820        +  19,385
Reverse repurchase agreements (6)                               29,419        -   1,636        +   7,728
Deposits                                              (0)       19,013        -     629        -   6,832       
  Depository institutions                                       13,208        -     505        -   6,915
  U.S. Treasury, general account                                 5,412        -     121        +     146
  Foreign official                                                  90                0        +       9
  Other                                               (0)          303        -       4        -      71
Deferred availability cash items                    (801)        4,211        -   2,177        -   2,187
Other liabilities and accrued dividends (7)                      5,551        +      49        +   1,515
      Total liabilities                             (801)      824,033        -   8,213        +  19,609
                          
Capital Accounts
Capital paid in                                                 15,332                0        +   1,781
Surplus                                                         15,092        +      26        +   2,191
Other capital accounts                                           1,128        +     553        +     345
      Total capital                                             31,552        +     579        +   4,317


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 24, 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              26       58,154   +   1,215            0           0       19,000       29,419
16 days to 90 days           0      162,832   -     726            0           0            0            0
91 days to 1 year            0      184,901   -     490            0           0     ------      ------
Over 1 to 5 years     ------        222,742   -       3            0           0     ------      ------
Over 5 to 10 years    ------         69,783   +   2,246            0           0     ------      ------
Over 10 years         ------         80,464   -   2,253            0           0     ------      ------
                   		 	
All                         26      778,875   -      12            0           0       19,000      29,419

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 24, 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                                             984         39         66         67         95         93        110        121         44         39         74         95        141
Securities, repurchase agreements,
      and loans                              797,901     37,176    307,285     33,817     33,632     64,701     65,206     71,521     24,746     15,838     22,811     34,955     86,214
   Securities held outright                  778,875     37,167    288,283     33,815     33,632     64,701     65,205     71,516     24,746     15,834     22,807     34,955     86,214
      U.S. Treasury (1)                      778,875     37,167    288,283     33,815     33,632     64,701     65,205     71,516     24,746     15,834     22,807     34,955     86,214
         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)                  501,857     23,948    185,751     21,788     21,670     41,689     42,014     46,080     15,945     10,202     14,695     22,523     55,551
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                19,000          0     19,000          0          0          0          0          0          0          0          0          0          0
      Loans                                       26         10          2          1          0          0          1          5          0          4          4          0          0
Items in process of collection                 3,919        175        136        398        338        406        327        194        106        393        412        295        739
Bank premises                                  1,949        117        211         58        158        169        232        206         79        116        159        260        184
Other assets(5)                               38,396      1,294     12,900      1,889      2,336      7,087      2,821      2,862        789        739        762      1,008      3,910
Interdistrict settlement account                   0    -   680    -16,261    -   106    - 3,396    + 2,014    +10,058    - 2,837    + 1,606    -   741    + 4,057    + 2,302    + 3,983
          Total Assets                       856,386     38,723    309,349     36,669     33,712     75,471     79,942     73,225     27,769     16,624     28,665     39,589     96,647

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 24, 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             959,676     39,155    341,466     38,339     36,249     75,059     99,181     81,933     29,098     17,428     30,837     56,750    114,183
  Less: notes held by F.R. Banks              193,838      4,020     61,318      7,747      7,815     12,841     26,770     15,337      3,438      2,670      4,463     20,364     27,058
    Federal Reserve notes, net                765,838     35,135    280,148     30,592     28,434     62,218     72,411     66,596     25,660     14,759     26,374     36,386     87,125
Reverse repurchase agreements (1)              29,419      1,404     10,889      1,277      1,270      2,444      2,463      2,701        935        598        861      1,320      3,256
Deposits                                       19,013        747      8,190        413      1,082      1,444      1,396      1,347        484        286        468        830      2,327
  Depository institutions                      13,208        715      2,567        411      1,078      1,326      1,393      1,344        476        285        466        825      2,322
  U.S. Treasury, general account                5,412          0      5,412          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                                           303         31        149          0          1        107          0          1          8          0          1          4          0
Deferred availability cash items                5,012        356         81        743        455        571        567        301        127        269        405        318        819
Other liabilities and accrued                 
  dividends (2)                                 5,551        258      1,811        256        270        579        511        506        211        150        180        276        544
   
    Total liabilities                         824,834     37,899    301,118     33,282     31,511     67,256     77,348     71,451     27,418     16,061     28,289     39,130     94,071
                              
Capital                    
Capital paid in                                15,332        396      3,725      1,810      1,087      4,093      1,274        859        167        276        178        215      1,253
Surplus                                        15,092        396      3,727      1,577      1,087      4,093      1,276        858        166        276        176        212      1,247
Other capital                                   1,128         31        780          0         28         28         43         57         18         11         22         32         76
     Total liabilities and capital            856,386     38,723    309,349     36,669     33,712     75,471     79,942     73,225     27,769     16,624     28,665     39,589     96,647
                              

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 24, 2007
              
Federal Reserve notes outstanding             959,676
   Less: Notes held by F.R. Banks
         not subject to collateralization     193,838
      Federal Reserve Notes to be
         collateralized                       765,838 
Collateral held against Federal Reserve            
   notes                                      765,838
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              752,601
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         797,875
   Less:face value of securities under
         reverse repurchase agreements         29,462
      U.S. Treasury and agency securities
             eligible to be pledged           768,413
   

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.