H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 7, 2007 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures reserve balances of depository institutions Week ended Change from week ended Wednesday at Federal Reserve Banks Jun 6, 2007 May 30, 2007 Jun 7, 2006 Jun 6, 2007 Reserve Bank credit 857,913 + 4,126 + 28,493 857,595 Securities held outright 790,300 + 64 + 26,476 790,322 U.S. Treasury1 790,300 + 64 + 26,476 790,322 Bills2 277,019 0 + 1,649 277,019 Notes and bonds, nominal2 474,672 0 + 12,442 474,672 Notes and bonds, inflation-indexed2 34,459 0 + 11,813 34,459 Inflation compensation3 4,151 + 64 + 573 4,172 Federal agency2 0 0 0 0 Repurchase agreements4 29,179 + 3,322 + 3,358 28,500 Loans to depository institutions 119 - 9 - 104 154 Primary credit 13 + 7 - 1 43 Secondary credit 0 0 0 0 Seasonal credit 106 - 16 - 103 111 Float -550 + 863 - 528 -499 Other Federal Reserve assets 38,866 - 113 - 708 39,119 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,497 + 14 + 515 38,497 Total factors supplying reserve funds 909,652 + 4,140 + 29,009 909,333 Currency in circulation5 812,954 - 672 + 16,166 813,523 Reverse repurchase agreements6 33,844 + 1,080 + 9,777 32,069 Foreign official and international accounts 33,844 + 1,080 + 9,777 32,069 Dealers 0 0 0 0 Treasury cash holdings 287 + 6 + 90 295 Deposits with F.R. Banks, other than reserve balances 11,892 - 251 - 1,287 12,354 U.S. Treasury, general account 4,938 - 245 - 295 5,396 Foreign official 94 0 + 9 92 Service-related 6,580 0 - 999 6,580 Required clearing balances 6,580 0 - 999 6,580 Adjustments to compensate for float 0 0 0 0 Other 280 - 7 - 2 286 Other liabilities and capital 39,410 + 141 + 4,367 39,150 Total factors, other than reserve balances, absorbing reserve funds 898,387 + 304 + 29,113 897,391 Reserve balances with Federal Reserve Banks 11,265 + 3,836 - 104 11,942 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,955,453 - 3,859 + 329,537 1,950,033 U.S. Treasury 1,229,911 - 1,499 + 109,624 1,224,824 Federal agency 725,543 - 2,359 + 219,914 725,209 Securities lent to dealers 5,940 + 1,737 + 4,021 2,193 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.

H.4.1 2. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Change since Eliminations from Assets, liabilities, and capital consolidation Wednesday Wednesday Wednesday Jun 6, 2007 May 30, 2007 Jun 7, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 893 + 13 + 190 Securities, repurchase agreements, and loans 818,975 - 2,406 + 27,129 Securities held outright 790,322 + 62 + 25,445 U.S. Treasury1 790,322 + 62 + 25,445 Bills2 277,019 0 + 1,649 Notes and bonds, nominal2 474,672 0 + 11,408 Notes and bonds, inflation-indexed2 34,459 0 + 11,813 Inflation compensation3 4,172 + 61 + 575 Federal agency2 0 0 0 Repurchase agreements4 28,500 - 2,500 + 1,750 Loans 154 + 33 - 65 Items in process of collection (1,205) 4,071 - 1,863 - 3,121 Bank premises 2,026 + 10 + 179 Other assets5 37,250 - 17 - 408 Total assets (1,205) 876,452 - 4,263 + 23,968 Liabilities Federal Reserve notes, net of F.R. Bank holdings 776,210 - 1,645 + 16,296 Reverse repurchase agreements6 32,069 - 2,791 + 8,300 Deposits (0) 24,454 + 422 - 3,605 Depository institutions 18,679 - 370 - 3,471 U.S. Treasury, general account 5,396 + 759 - 156 Foreign official 92 - 2 + 5 Other (0) 286 + 33 + 16 Deferred availability cash items (1,205) 4,571 - 506 - 1,631 Other liabilities and accrued dividends7 6,017 + 46 + 961 Total liabilities (1,205) 843,319 - 4,475 + 20,320 Capital accounts Capital paid in 16,106 + 4 + 1,141 Surplus 15,386 + 11 + 2,485 Other capital accounts 1,641 + 197 + 23 Total capital 33,133 + 212 + 3,649 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. 3. Maturity Distribution of Loans and Securities, June 6, 2007 Millions of dollars U.S. Treasury Federal agency Reverse securities1 securities Repurchase Maturity Loans repurchase Weekly Weekly agreements2 Holdings Holdings agreements2 changes changes Within 15 days 58 62,340 - 8,163 0 0 28,500 32,069 16 days to 90 days 96 172,422 + 8,170 0 0 0 0 91 days to 1 year 0 165,484 - 3,790 0 0 . . . . . . Over 1 year to 5 years . . . 233,320 + 3,806 0 0 . . . . . . Over 5 years to 10 years . . . 74,512 + 16 0 0 . . . . . . Over 10 years . . . 82,244 + 24 0 0 . . . . . . All 154 790,322 + 62 0 0 28,500 32,069 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.

H.4.1 4. Statement of Condition of Each Federal Reserve Bank on June 6, 2007 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Assets Gold certificate account 11,0 3 7 4 4 9 4,0 5 3 4 5 5 4 2 8 8 6 9 1,1 1 7 9 0 3 3 2 6 2 0 3 3 3 5 6 1 3 1,286 Special drawing rights certificate acct. 2,2 0 0 1 1 5 8 7 4 8 3 1 0 4 1 4 7 1 6 6 2 1 2 7 1 3 0 6 6 9 8 234 Coin 8 9 3 3 3 5 1 5 8 8 7 8 4 1 0 7 1 0 7 3 7 3 7 7 0 9 0 132 Securities, repurchase agreements, and loans 818,9 7 5 37,7 4 0 296,4 9 4 36,2 2 5 33,5 0 9 70,9 4 4 75,9 4 7 68,7 2 0 26,1 8 3 16,3 6 2 26,5 6 4 35,9 8 2 94,305 Securities held outright 790,3 2 2 36,4 2 3 286,1 7 3 34,9 6 4 32,3 4 3 68,4 7 5 73,3 0 1 66,2 9 0 25,2 5 9 15,7 6 9 25,5 8 3 34,7 2 4 91,018 U.S. Treasury1 790,3 2 2 36,4 2 3 286,1 7 3 34,9 6 4 32,3 4 3 68,4 7 5 73,3 0 1 66,2 9 0 25,2 5 9 15,7 6 9 25,5 8 3 34,7 2 4 91,018 Bills2 277,0 1 9 12,7 6 7 100,3 0 8 12,2 5 5 11,3 3 6 24,0 0 1 25,6 9 3 23,2 3 5 8,8 5 4 5,5 2 7 8,9 6 7 12,1 7 1 31,903 Notes and bonds3 513,3 0 3 23,6 5 6 185,8 6 6 22,7 0 9 21,0 0 6 44,4 7 4 47,6 0 8 43,0 5 4 16,4 0 6 10,2 4 2 16,6 1 6 22,5 5 3 59,115 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 28,5 0 0 1,3 1 3 10,3 2 0 1,2 6 1 1,1 6 6 2,4 6 9 2,6 4 3 2,3 9 0 9 1 1 5 6 9 9 2 3 1,2 5 2 3,282 Loans 1 5 4 4 1 0 0 0 3 4 0 1 3 2 5 5 8 6 4 Items in process of collection 5,2 7 6 1 9 6 7 2 5 7 8 6 3 3 3 1 7 7 9 3 3 6 4 2 0 2 3 1 9 4 0 5 3 4 1 1,055 Bank premises 2,0 2 6 1 1 7 2 1 3 5 7 1 5 6 1 7 2 2 3 1 2 0 7 9 0 1 1 5 2 1 3 2 6 0 194 Other assets5 37,2 5 0 1,2 3 6 11,5 1 0 3,2 4 3 2,1 4 2 6,9 9 6 3,1 8 6 2,4 1 3 7 3 1 7 0 0 7 3 3 9 6 8 3,393 Interdistrict settlement account 0 - 2,9 2 5 + 2,7 0 6 - 1,1 9 2 - 4,0 8 9 + 7 5 3 + 4,4 0 0 + 5 1 5 + 2 2 9 - 7 2 0 + 1,1 3 0 + 1,2 8 1 - 2,088 Total assets 877,6 5 7 36,9 6 3 315,9 7 2 39,5 0 6 32,9 6 9 80,2 8 3 85,9 4 7 73,4 4 1 27,8 6 9 17,0 4 7 29,5 1 7 39,6 3 3 98,511 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.

H.4.1 4. Statement of Condition of Each Federal Reserve Bank on June 6, 2007 (continued) Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Liabilities Federal Reserve notes outstanding 973,1 4 3 38,0 1 0 344,7 4 8 39,4 8 0 36,0 3 6 78,8 6 8 107,7 8 6 80,5 4 5 29,3 7 6 17,3 4 9 30,4 7 6 57,5 6 0 112,910 Less: notes held by F.R. Banks 196,9 3 3 4,6 1 4 63,8 0 7 6,7 3 3 8,8 8 4 13,4 3 8 30,2 2 8 13,8 9 4 3,5 7 3 2,5 1 9 3,4 8 0 21,6 2 6 24,138 Federal Reserve notes, net 776,2 1 0 33,3 9 6 280,9 4 1 32,7 4 7 27,1 5 2 65,4 3 0 77,5 5 8 66,6 5 1 25,8 0 3 14,8 3 0 26,9 9 6 35,9 3 4 88,771 Reverse repurchase agreements1 32,0 6 9 1,4 7 8 11,6 1 2 1,4 1 9 1,3 1 2 2,7 7 8 2,9 7 4 2,6 9 0 1,0 2 5 6 4 0 1,0 3 8 1,4 0 9 3,693 Deposits 24,4 5 4 6 4 2 12,5 7 9 6 0 6 1,1 7 2 2,6 8 2 1,2 8 8 1,3 7 6 3 2 3 4 3 6 4 4 0 1,0 1 1 1,900 Depository institutions 18,6 7 9 6 3 4 6,9 6 1 5 9 9 1,1 6 9 2,5 5 8 1,2 8 4 1,3 7 3 3 2 0 4 3 5 4 3 9 1,0 1 1 1,897 U.S. Treasury, general account 5,3 9 6 0 5,3 9 6 0 0 0 0 0 0 0 0 0 0 Foreign official 9 2 1 6 2 5 3 1 1 3 2 0 1 0 1 3 Other 2 8 6 7 1 6 0 2 0 1 1 3 0 0 2 0 1 0 0 Deferred availability cash items 5,7 7 6 3 4 2 1 4 2 7 7 8 8 0 9 4 2 6 6 8 5 3 9 9 1 2 5 3 2 8 4 4 6 4 1 3 884 Other liabilities and accrued dividends2 6,0 1 7 2 6 1 1,8 4 7 2 9 9 2 9 0 8 1 3 5 8 4 4 8 5 2 1 8 1 5 7 2 0 0 2 7 8 585 Total liabilities 844,5 2 4 36,1 1 8 307,1 2 0 35,8 4 8 30,7 3 6 72,1 2 9 83,0 8 9 71,6 0 1 27,4 9 3 16,3 9 1 29,1 1 9 39,0 4 5 95,834 Capital Capital paid in 16,1 0 6 4 0 4 4,2 8 1 1,8 0 9 1,1 0 1 3,9 7 8 1,3 9 2 8 8 7 1 7 2 3 2 1 1 8 7 2 7 8 1,296 Surplus 15,3 8 6 3 9 6 3,7 8 2 1,8 1 0 1,0 8 7 4,0 9 6 1,2 7 7 8 5 9 1 6 6 2 7 6 1 7 6 2 1 3 1,247 Other capital 1,6 4 1 4 5 7 8 8 3 8 4 5 8 0 1 9 0 9 5 3 7 5 9 3 4 9 6 134 Total liabilities and capital 877,6 5 7 36,9 6 3 315,9 7 2 39,5 0 6 32,9 6 9 80,2 8 3 85,9 4 7 73,4 4 1 27,8 6 9 17,0 4 7 29,5 1 7 39,6 3 3 98,511 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 Wednesday Federal Reserve notes and collateral Jun 6, 2007 Federal Reserve notes outstanding 973,143 Less: Notes held by F.R. Banks not subject to collateralization 196,933 Federal Reserve notes to be collateralized 776,210 Collateral held against Federal Reserve notes 776,210 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 762,973 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 818,822 Less: face value of securities under reverse repurchase agreements 32,114 U.S. Treasury and agency securities eligible to be pledged 786,707 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.