Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 853,467 + 1,795 + 32,710 863,042

Securities held outright 779,447 + 549 + 25,757 780,793

U.S. Treasury1 779,447 + 549 + 25,757 780,793

Bills2 277,019 0 + 2,877 277,019

Notes and bonds, nominal2 467,212 + 537 + 12,977 468,553

Notes and bonds, inflation-indexed2 31,776 0 + 9,580 31,776

Inflation compensation3 3,441 + 13 + 323 3,446

Federal agency2 0 0 0 0

Repurchase agreements4 36,286 + 1,107 + 7,250 45,250

Loans to depository institutions 33 + 7 - 1 22

Primary credit 11 + 6 + 5 0

Secondary credit 0 0 0 0

Seasonal credit 21 0 - 7 22

Float -439 - 229 - 650 -1,010

Other Federal Reserve assets 38,141 + 362 + 354 37,987

Gold stock 11,041 0 - 3 11,041

Special drawing rights certificate account 2,200 0 0 2,200

Treasury currency outstanding5 38,318 + 14 + 505 38,318

Total factors supplying reserve funds 905,026 + 1,809 + 33,212 914,601

Currency in circulation5 806,652 - 1,160 + 18,266 808,091

Reverse repurchase agreements6 38,712 + 996 + 14,065 39,645

Foreign official and international accounts 38,712 + 996 + 14,065 39,645

Dealers 0 0 0 0

Treasury cash holdings 201 - 9 + 16 204

Deposits with F.R. Banks, other than reserve balances 11,755 - 280 - 1,688 12,297

U.S. Treasury, general account 4,674 - 266 - 406 5,194

Foreign official 91 0 + 8 91

Service-related 6,738 0 - 1,277 6,738

Required clearing balances 6,738 0 - 1,277 6,738

Adjustments to compensate for float 0 0 0 0

Other 252 - 15 - 13 274

Other liabilities and capital 38,069 + 437 + 5,753 38,147

Total factors, other than reserve balances,

absorbing reserve funds 895,390 - 15 + 36,413 898,384

Reserve balances with Federal Reserve Banks 9,636 + 1,824 - 3,202 16,216

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,833,370 + 6,789 + 253,534 1,839,398

U.S. Treasury 1,200,513 + 7,735 + 73,894 1,205,004

Federal agency 632,856 - 946 + 179,639 634,394

Securities lent to dealers 2,382 - 72 - 1,227 6,026

FEDERAL RESERVE statistical release

 March 1, 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

 Feb 28, 2007 Week ended

 Feb 28, 2007 Feb 21, 2007 Mar 1, 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 - 3

Special drawing rights certificate account 2,200 0 0

Coin 985 - 16 + 159

Securities, repurchase agreements, and loans 826,065 + 13,121 + 43,594

Securities held outright 780,793 + 1,891 + 26,111

U.S. Treasury1 780,793 + 1,891 + 26,111

Bills2 277,019 0 + 2,877

Notes and bonds, nominal2 468,553 + 1,878 + 13,326

Notes and bonds, inflation-indexed2 31,776 0 + 9,580

Inflation compensation3 3,446 + 14 + 329

Federal agency2 0 0 0

Repurchase agreements4 45,250 + 11,250 + 17,500

Loans 22 - 19 - 16

Items in process of collection (795) 3,040 - 5,042 - 5,085

Bank premises 1,974 + 14 + 153

Other assets5 35,966 + 134 + 45

Total assets (795) 881,267 + 8,211 + 38,864

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 770,958 - 280 + 17,930

Reverse repurchase agreements6 39,645 + 1,501 + 14,973

Deposits (0) 28,464 + 8,090 + 2,565

Depository institutions 22,906 + 8,184 + 2,809

U.S. Treasury, general account 5,194 - 110 - 233

Foreign official 91 0 + 6

Other (0) 274 + 17 - 16

Deferred availability cash items (795) 4,053 - 1,857 - 2,740

Other liabilities and accrued dividends7 5,697 + 52 + 1,333

Total liabilities (795) 848,817 + 7,508 + 34,061

Capital accounts

Capital paid in 15,953 + 94 + 2,214

Surplus 15,282 + 58 + 2,381

Other capital accounts 1,214 + 550 + 208

Total capital 32,450 + 703 + 4,804

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Mar 1, 2006

Eliminations from

consolidation Wednesday

 Feb 28, 2007

Wednesday

 Feb 21, 2007

3. Maturity Distribution of Loans and Securities, February 28, 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 20 54,261 - 8,873 0 0 45,250 39,645

16 days to 90 days 2 171,003 - 137 0 0 0 0

91 days to 1 year 0 177,267 + 1,156 0 0 . . . . . . 

Over 1 year to 5 years . . . 229,242 + 9,736 0 0 . . . . . . 

Over 5 years to 10 years . . . 66,526 + 3 0 0 . . . . . . 

Over 10 years . . . 82,494 + 5 0 0 . . . . . . 

All 22 780,793 + 1,891 0 0 45,250 39,645

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 28, 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 2,200 985 826,065 780,793 780,793 277,019 503,775 0 45,250 22 3,835 1,974 35,966 0 882,062

Assets, liabilities, and capital

 4,139 874 69 305,741 288,993 288,993 102,532 186,461 0 16,748 0 67 210 11,177 - 4,373 317,904

 486 115 38 39,427 37,258 37,258 13,219 24,039 0 2,159 10 187 117 1,204 - 2,742 38,832

 463 83 68 35,863 33,899 33,899 12,027 21,872 0 1,965 0 501 57 3,171 - 2,478 37,728

 446 104 99 35,668 33,714 33,714 11,962 21,753 0 1,954 0 488 156 2,110 - 4,660 34,411

 853 147 98 68,619 64,861 64,861 23,012 41,849 0 3,759 0 404 171 6,801 - 350 76,744

 1,023 166 108 69,154 65,365 65,365 23,191 42,174 0 3,788 0 323 231 2,932 +12,477 86,414

 947 212 111 75,851 71,692 71,692 25,436 46,257 0 4,155 4 193 206 2,420 - 5,209 74,732

 328 71 42 26,245 24,807 24,807 8,801 16,006 0 1,438 0 121 83 694 + 413 27,998

 2   16,8 15,8 15,8 5,6 10,2  9  2 1 6 - 2 17,9
 963,357

 192,400 770,958 770,958 11,037 2,200 757,721 0 826,043 39,718 786,326

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.

 963,357 192,400 770,958 39,645 28,464 22,906 5,194 91 274 4,848 5,697 849,612 15,953 15,282 1,214 882,062

 38,993 4,318 34,675 1,892 833 822 0 1 10 341 265 38,005 395 396 35 38,832

 340,889 63,009 277,881 14,674 14,901 9,480 5,194 61 166 67 1,861 309,382 4,218 3,738 566 317,904

 37,956 6,995 30,960 1,721 515 510 0 5 0 697 269 34,163 1,810 1,755 0 37,728

 36,079 7,383 28,696 1,712 1,079 1,075 0 3 1 427 278 32,192 1,089 1,087 43 34,411

 74,834 13,229 61,605 3,293 2,298 2,209 0 11 79 574 604 68,374 4,110 4,094 166 76,744

 104,022 26,633 77,389 3,319 2,007 2,004 0 3 0 545 521 83,782 1,277 1,276 79 86,414

 82,286 14,984 67,303 3,640 1,191 1,188 0 2 0 283 510 72,927 861 859 85 74,732

 29,325 3,631 25,694 1,260 359 342 0 0 16 106 217 27,636 168 166 28 27,998

 17,3 2,4 14,9 8 1,1 1,1    2 1 17,3 3 2  17,9

H.4.14. Statement of Condition of Each Federal Reserve Bank on February 28, 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

 Feb 28, 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.