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 14, 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 13, 2007 Jun 6, 2007 Jun 14, 2006 Jun 13, 2007 Reserve Bank credit 849,980 - 7,933 + 25,238 850,268 Securities held outright 790,359 + 59 + 25,073 790,380 U.S. Treasury1 790,359 + 59 + 25,073 790,380 Bills2 277,019 0 + 1,649 277,019 Notes and bonds, nominal2 474,672 0 + 11,032 474,672 Notes and bonds, inflation-indexed2 34,459 0 + 11,813 34,459 Inflation compensation3 4,209 + 58 + 579 4,231 Federal agency2 0 0 0 0 Repurchase agreements4 21,071 - 8,108 + 1,357 22,000 Loans to depository institutions 146 + 27 - 85 142 Primary credit 26 + 13 + 12 0 Secondary credit 0 0 0 0 Seasonal credit 120 + 14 - 97 142 Float -840 - 289 - 628 -1,515 Other Federal Reserve assets 39,244 + 378 - 479 39,260 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,511 + 14 + 527 38,511 Total factors supplying reserve funds 901,733 - 7,918 + 25,766 902,020 Currency in circulation5 811,459 - 1,495 + 16,980 812,269 Reverse repurchase agreements6 32,315 - 1,529 + 8,005 31,579 Foreign official and international accounts 32,315 - 1,529 + 8,005 31,579 Dealers 0 0 0 0 Treasury cash holdings 296 + 9 + 91 303 Deposits with F.R. Banks, other than reserve balances 11,881 - 11 - 746 11,646 U.S. Treasury, general account 4,958 + 20 - 12 4,742 Foreign official 109 + 15 + 23 95 Service-related 6,583 + 3 - 734 6,583 Required clearing balances 6,583 + 3 - 734 6,583 Adjustments to compensate for float 0 0 0 0 Other 231 - 49 - 23 226 Other liabilities and capital 39,451 + 41 + 4,636 38,837 Total factors, other than reserve balances, absorbing reserve funds 895,402 - 2,985 + 28,966 894,633 Reserve balances with Federal Reserve Banks 6,331 - 4,933 - 3,201 7,387 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,955,319 - 134 + 322,518 1,957,585 U.S. Treasury 1,226,667 - 3,244 + 102,951 1,226,199 Federal agency 728,652 + 3,109 + 219,567 731,385 Securities lent to dealers 3,587 - 2,353 + 1,944 4,637 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 13, 2007 Jun 6, 2007 Jun 14, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 914 + 21 + 192 Securities, repurchase agreements, and loans 812,523 - 6,452 + 21,784 Securities held outright 790,380 + 58 + 24,135 U.S. Treasury1 790,380 + 58 + 24,135 Bills2 277,019 0 + 1,649 Notes and bonds, nominal2 474,672 0 + 10,092 Notes and bonds, inflation-indexed2 34,459 0 + 11,813 Inflation compensation3 4,231 + 59 + 582 Federal agency2 0 0 0 Repurchase agreements4 22,000 - 6,500 - 2,250 Loans 142 - 12 - 103 Items in process of collection (892) 2,696 - 1,375 - 2,172 Bank premises 2,028 + 2 + 176 Other assets5 37,352 + 102 - 531 Total assets (892) 868,749 - 7,703 + 19,448 Liabilities Federal Reserve notes, net of F.R. Bank holdings 774,970 - 1,240 + 16,867 Reverse repurchase agreements6 31,579 - 490 + 5,577 Deposits (0) 19,153 - 5,301 - 6,019 Depository institutions 14,090 - 4,589 - 6,288 U.S. Treasury, general account 4,742 - 654 + 274 Foreign official 95 + 3 + 11 Other (0) 226 - 60 - 16 Deferred availability cash items (892) 4,210 - 361 - 1,267 Other liabilities and accrued dividends7 6,046 + 29 + 928 Total liabilities (892) 835,958 - 7,361 + 16,085 Capital accounts Capital paid in 16,097 - 9 + 1,132 Surplus 15,371 - 15 + 2,470 Other capital accounts 1,323 - 318 - 239 Total capital 32,791 - 342 + 3,363 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 13, 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 12 61,006 - 1,334 0 0 22,000 31,579 16 days to 90 days 130 173,922 + 1,500 0 0 0 0 91 days to 1 year 0 165,322 - 162 0 0 . . . . . . Over 1 year to 5 years . . . 233,338 + 18 0 0 . . . . . . Over 5 years to 10 years . . . 74,526 + 14 0 0 . . . . . . Over 10 years . . . 82,267 + 23 0 0 . . . . . . All 142 790,380 + 58 0 0 22,000 31,579 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 13, 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 9 1 4 3 1 5 4 5 9 8 6 8 9 1 1 4 1 1 0 3 9 3 9 7 0 8 8 137 Securities, repurchase agreements, and loans 812,5 2 3 37,4 4 3 294,1 6 1 35,9 4 0 33,2 4 5 70,3 8 6 75,3 5 2 68,1 8 3 25,9 9 0 16,2 4 1 26,3 1 8 35,6 9 9 93,563 Securities held outright 790,3 8 0 36,4 2 5 286,1 9 5 34,9 6 7 32,3 4 5 68,4 8 0 73,3 0 6 66,2 9 5 25,2 6 1 15,7 7 0 25,5 8 5 34,7 2 7 91,025 U.S. Treasury1 790,3 8 0 36,4 2 5 286,1 9 5 34,9 6 7 32,3 4 5 68,4 8 0 73,3 0 6 66,2 9 5 25,2 6 1 15,7 7 0 25,5 8 5 34,7 2 7 91,025 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 6 2 23,6 5 9 185,8 8 7 22,7 1 1 21,0 0 8 44,4 7 9 47,6 1 3 43,0 5 9 16,4 0 8 10,2 4 3 16,6 1 8 22,5 5 5 59,122 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 22,0 0 0 1,0 1 4 7,9 6 6 9 7 3 9 0 0 1,9 0 6 2,0 4 0 1,8 4 5 7 0 3 4 3 9 7 1 2 9 6 7 2,534 Loans 1 4 2 4 0 0 0 0 6 4 4 2 6 3 2 2 1 6 4 Items in process of collection 3,5 8 8 1 5 7 8 4 3 3 6 4 3 0 1 2 2 3 7 3 3 3 1 1 6 9 1 1 9 3 7 1 1 9 4 901 Bank premises 2,0 2 8 1 1 8 2 1 4 5 7 1 5 6 1 7 3 2 3 2 2 0 7 9 0 1 1 5 2 1 3 2 6 1 194 Other assets5 37,3 5 2 1,2 4 6 11,6 1 0 3,1 6 0 2,1 3 8 6,9 6 6 3,2 2 0 2,4 3 1 7 4 0 6 9 9 7 3 9 9 8 2 3,420 Interdistrict settlement account 0 - 2,8 4 0 - 1,1 4 8 - 3 7 9 - 3,4 5 5 + 1,8 4 9 + 5,3 7 8 + 7 3 8 + 2 5 9 - 6 0 0 + 1,3 3 4 + 1,0 1 9 - 2,155 Total assets 869,6 4 0 36,7 1 9 309,9 0 1 39,7 1 0 33,1 3 2 80,6 0 1 85,9 5 1 73,1 1 5 27,6 8 4 16,8 4 6 29,4 4 7 38,9 5 4 97,580 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 13, 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 974,5 6 6 37,9 5 4 345,1 9 3 40,0 6 0 36,3 5 6 79,2 6 8 107,6 0 8 80,6 3 8 29,3 3 6 17,3 3 2 30,4 8 6 57,5 0 4 112,830 Less: notes held by F.R. Banks 199,5 9 7 4,8 7 4 64,2 4 3 6,9 4 0 8,9 0 8 13,9 5 7 30,4 7 0 13,9 8 7 3,6 9 1 2,5 5 5 3,5 5 8 21,7 7 2 24,641 Federal Reserve notes, net 774,9 7 0 33,0 8 0 280,9 5 1 33,1 1 9 27,4 4 8 65,3 1 1 77,1 3 8 66,6 5 1 25,6 4 5 14,7 7 7 26,9 2 8 35,7 3 2 88,189 Reverse repurchase agreements1 31,5 7 9 1,4 5 5 11,4 3 4 1,3 9 7 1,2 9 2 2,7 3 6 2,9 2 9 2,6 4 9 1,0 0 9 6 3 0 1,0 2 2 1,3 8 7 3,637 Deposits 19,1 5 3 7 5 6 6,7 3 9 5 8 4 1,1 6 2 3,3 1 5 1,8 5 4 1,1 8 3 3 2 6 2 7 2 5 2 4 6 3 9 1,800 Depository institutions 14,0 9 0 7 4 7 1,7 7 5 5 7 8 1,1 5 7 3,2 5 0 1,8 5 0 1,1 8 1 3 2 3 2 7 1 5 2 3 6 3 8 1,797 U.S. Treasury, general account 4,7 4 2 0 4,7 4 2 0 0 0 0 0 0 0 0 0 0 Foreign official 9 5 1 6 5 5 3 1 1 3 2 0 1 0 1 3 Other 2 2 6 8 1 5 7 1 2 5 4 0 0 3 0 1 0 0 Deferred availability cash items 5,1 0 2 3 2 9 1 4 4 6 8 5 7 2 5 3 7 2 6 3 5 3 2 1 1 2 1 3 5 6 3 7 8 3 2 7 708 Other liabilities and accrued dividends2 6,0 4 6 2 6 1 1,8 6 4 3 0 4 2 9 0 8 2 8 5 5 8 4 9 2 2 1 8 1 6 0 2 0 0 2 7 9 592 Total liabilities 836,8 5 0 35,8 8 2 301,1 3 1 36,0 8 9 30,9 1 8 72,5 6 2 83,1 1 3 71,2 9 6 27,3 1 9 16,1 9 5 29,0 5 3 38,3 6 5 94,926 Capital Capital paid in 16,0 9 7 4 0 4 4,2 8 1 1,8 0 9 1,1 0 1 3,9 5 9 1,4 0 1 8 8 7 1 7 2 3 2 1 1 8 8 2 7 8 1,296 Surplus 15,3 7 1 3 9 6 3,7 8 2 1,8 1 0 1,0 8 7 4,0 8 0 1,2 7 7 8 5 9 1 6 6 2 7 6 1 7 6 2 1 3 1,247 Other capital 1,3 2 3 3 7 7 0 6 2 2 6 0 1 6 0 7 3 2 6 5 4 3 0 9 7 111 Total liabilities and capital 869,6 4 0 36,7 1 9 309,9 0 1 39,7 1 0 33,1 3 2 80,6 0 1 85,9 5 1 73,1 1 5 27,6 8 4 16,8 4 6 29,4 4 7 38,9 5 4 97,580 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 13, 2007 Federal Reserve notes outstanding 974,566 Less: Notes held by F.R. Banks not subject to collateralization 199,597 Federal Reserve notes to be collateralized 774,970 Collateral held against Federal Reserve notes 774,970 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 761,733 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 812,380 Less: face value of securities under reverse repurchase agreements 31,624 U.S. Treasury and agency securities eligible to be pledged 780,757 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.