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 21, 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 20, 2007 Jun 13, 2007 Jun 21, 2006 Jun 20, 2007 Reserve Bank credit 852,284 + 2,304 + 26,414 851,426 Securities held outright 790,417 + 58 + 24,139 790,439 U.S. Treasury1 790,417 + 58 + 24,139 790,439 Bills2 277,019 0 + 1,649 277,019 Notes and bonds, nominal2 474,672 0 + 10,092 474,672 Notes and bonds, inflation-indexed2 34,459 0 + 11,813 34,459 Inflation compensation3 4,267 + 58 + 585 4,289 Federal agency2 0 0 0 0 Repurchase agreements4 22,679 + 1,608 + 4,108 21,000 Loans to depository institutions 283 + 137 + 15 933 Primary credit 132 + 106 + 116 771 Secondary credit 0 0 0 0 Seasonal credit 151 + 31 - 101 162 Float -573 + 267 - 1,389 -635 Other Federal Reserve assets 39,478 + 234 - 458 39,689 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,525 + 14 + 539 38,525 Total factors supplying reserve funds 904,050 + 2,317 + 26,953 903,192 Currency in circulation5 810,274 - 1,185 + 17,229 810,942 Reverse repurchase agreements6 31,721 - 594 + 5,202 30,443 Foreign official and international accounts 31,721 - 594 + 5,202 30,443 Dealers 0 0 0 0 Treasury cash holdings 301 + 5 + 97 292 Deposits with F.R. Banks, other than reserve balances 12,373 + 492 - 286 12,923 U.S. Treasury, general account 5,475 + 517 + 468 6,022 Foreign official 96 - 13 + 3 96 Service-related 6,583 0 - 734 6,583 Required clearing balances 6,583 0 - 734 6,583 Adjustments to compensate for float 0 0 0 0 Other 220 - 11 - 22 222 Other liabilities and capital 39,341 - 110 + 4,400 39,153 Total factors, other than reserve balances, absorbing reserve funds 894,011 - 1,391 + 26,644 893,751 Reserve balances with Federal Reserve Banks 10,039 + 3,708 + 309 9,441 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,967,018 + 11,699 + 329,573 1,971,902 U.S. Treasury 1,230,950 + 4,283 + 105,446 1,230,342 Federal agency 736,069 + 7,417 + 224,128 741,560 Securities lent to dealers 4,718 + 1,131 + 2,845 2,939 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 20, 2007 Jun 13, 2007 Jun 21, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 932 + 18 + 203 Securities, repurchase agreements, and loans 812,372 - 151 + 23,554 Securities held outright 790,439 + 59 + 24,142 U.S. Treasury1 790,439 + 59 + 24,142 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 4,289 + 58 + 588 Federal agency2 0 0 0 Repurchase agreements4 21,000 - 1,000 - 1,250 Loans 933 + 791 + 662 Items in process of collection (1,010) 3,514 + 818 - 1,916 Bank premises 2,036 + 8 + 182 Other assets5 37,767 + 415 - 383 Total assets (1,010) 869,859 + 1,110 + 21,642 Liabilities Federal Reserve notes, net of F.R. Bank holdings 773,636 - 1,334 + 16,701 Reverse repurchase agreements6 30,443 - 1,136 + 4,766 Deposits (0) 22,478 + 3,325 - 2,882 Depository institutions 16,138 + 2,048 - 3,513 U.S. Treasury, general account 6,022 + 1,280 + 637 Foreign official 96 + 1 + 9 Other (0) 222 - 4 - 16 Deferred availability cash items (1,010) 4,150 - 60 - 1,282 Other liabilities and accrued dividends7 6,042 - 4 + 940 Total liabilities (1,010) 836,748 + 790 + 18,240 Capital accounts Capital paid in 16,106 + 9 + 1,140 Surplus 15,387 + 16 + 2,486 Other capital accounts 1,617 + 294 - 226 Total capital 33,110 + 319 + 3,400 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 20, 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 933 66,144 + 5,138 0 0 21,000 30,443 16 days to 90 days 0 168,821 - 5,101 0 0 0 0 91 days to 1 year 0 165,288 - 34 0 0 . . . . . . Over 1 year to 5 years . . . 233,355 + 17 0 0 . . . . . . Over 5 years to 10 years . . . 74,541 + 15 0 0 . . . . . . Over 10 years . . . 82,289 + 22 0 0 . . . . . . All 933 790,439 + 59 0 0 21,000 30,443 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 20, 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 3 2 2 9 5 1 5 9 9 0 9 2 1 2 1 1 1 1 4 1 3 7 7 2 9 3 136 Securities, repurchase agreements, and loans 812,3 7 2 37,4 0 1 294,2 6 0 35,8 9 8 33,2 4 7 70,4 8 0 75,2 6 3 68,1 0 0 25,9 7 4 16,2 2 8 26,2 9 2 35,6 6 0 93,570 Securities held outright 790,4 3 9 36,4 2 8 286,2 1 6 34,9 6 9 32,3 4 7 68,4 8 5 73,3 1 1 66,2 9 9 25,2 6 3 15,7 7 1 25,5 8 7 34,7 2 9 91,032 U.S. Treasury1 790,4 3 9 36,4 2 8 286,2 1 6 34,9 6 9 32,3 4 7 68,4 8 5 73,3 1 1 66,2 9 9 25,2 6 3 15,7 7 1 25,5 8 7 34,7 2 9 91,032 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 513,4 2 0 23,6 6 1 185,9 0 8 22,7 1 4 21,0 1 1 44,4 8 4 47,6 1 9 43,0 6 4 16,4 0 9 10,2 4 4 16,6 2 0 22,5 5 8 59,129 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 21,0 0 0 9 6 8 7,6 0 4 9 2 9 8 5 9 1,8 1 9 1,9 4 8 1,7 6 1 6 7 1 4 1 9 6 8 0 9 2 3 2,418 Loans 9 3 3 5 4 4 0 0 4 0 1 7 5 4 3 9 4 0 3 8 2 5 8 120 Items in process of collection 4,5 2 4 3 7 8 1 3 6 6 4 0 5 6 6 2 0 8 5 2 2 3 6 2 1 4 9 1 7 6 3 1 5 2 2 7 843 Bank premises 2,0 3 6 1 1 8 2 1 4 5 7 1 5 6 1 7 3 2 3 2 2 0 8 9 4 1 1 5 2 1 3 2 6 1 198 Other assets5 37,7 6 7 1,2 6 7 11,7 7 2 3,1 8 4 2,1 6 0 7,0 1 7 3,2 0 8 2,4 6 5 7 5 5 7 1 1 7 5 8 1,0 0 2 3,469 Interdistrict settlement account 0 - 3,3 1 0 + 8 6 5 - 6 7 2 - 3,4 9 9 - 2 6 3 + 5,4 2 0 + 6 3 5 + 1 6 6 - 5 1 5 + 1,0 1 7 + 9 0 5 - 750 Total assets 870,8 6 8 36,4 4 7 312,2 2 4 39,7 0 4 33,2 5 3 78,7 2 3 86,0 4 8 72,9 9 6 27,5 7 6 16,9 8 6 29,0 6 7 38,8 5 9 98,986 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 20, 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 976,1 6 7 37,7 4 4 345,3 5 9 40,2 5 1 36,6 6 2 79,7 7 5 107,9 2 1 80,3 7 0 29,2 6 2 17,2 8 4 30,4 1 8 57,8 5 1 113,271 Less: notes held by F.R. Banks 202,5 3 1 5,0 3 3 64,8 6 2 7,1 3 9 9,0 0 3 14,4 8 1 30,2 2 5 14,0 7 6 3,7 2 3 2,6 7 3 3,7 9 0 22,3 0 3 25,223 Federal Reserve notes, net 773,6 3 6 32,7 1 1 280,4 9 7 33,1 1 2 27,6 5 9 65,2 9 4 77,6 9 6 66,2 9 4 25,5 3 9 14,6 1 0 26,6 2 8 35,5 4 8 88,048 Reverse repurchase agreements1 30,4 4 3 1,4 0 3 11,0 2 3 1,3 4 7 1,2 4 6 2,6 3 8 2,8 2 3 2,5 5 3 9 7 3 6 0 7 9 8 5 1,3 3 8 3,506 Deposits 22,4 7 8 7 6 0 9,8 2 2 5 8 8 1,1 0 1 1,4 8 7 1,5 8 8 1,4 9 8 3 4 9 5 8 7 4 3 7 8 1 1 3,451 Depository institutions 16,1 3 8 7 5 3 3,5 7 5 5 8 2 1,0 9 7 1,4 2 6 1,5 8 5 1,4 9 5 3 4 6 5 8 6 4 3 5 8 1 0 3,448 U.S. Treasury, general account 6,0 2 2 0 6,0 2 2 0 0 0 0 0 0 0 0 0 0 Foreign official 9 6 1 6 6 5 3 1 1 3 2 0 1 0 1 3 Other 2 2 2 7 1 5 8 1 1 5 0 0 0 3 0 1 0 0 Deferred availability cash items 5,1 5 9 4 7 1 1 6 1 6 9 7 7 1 9 3 7 1 4 9 8 3 2 3 1 3 0 3 6 5 4 1 7 2 9 5 713 Other liabilities and accrued dividends2 6,0 4 2 2 6 2 1,8 6 0 3 0 3 2 9 1 8 2 4 5 6 9 4 9 0 2 1 6 1 5 9 2 0 0 2 8 0 588 Total liabilities 837,7 5 8 35,6 0 7 303,3 6 3 36,0 4 7 31,0 1 6 70,6 1 4 83,1 7 4 71,1 5 8 27,2 0 7 16,3 2 8 28,6 6 7 38,2 7 1 96,306 Capital Capital paid in 16,1 0 6 4 0 4 4,2 9 2 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 1,294 Surplus 15,3 8 7 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 1 7 4 0 7 8 7 3 8 4 8 5 5 1 9 6 9 2 3 0 6 0 3 5 9 6 139 Total liabilities and capital 870,8 6 8 36,4 4 7 312,2 2 4 39,7 0 4 33,2 5 3 78,7 2 3 86,0 4 8 72,9 9 6 27,5 7 6 16,9 8 6 29,0 6 7 38,8 5 9 98,986 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 20, 2007 Federal Reserve notes outstanding 976,167 Less: Notes held by F.R. Banks not subject to collateralization 202,531 Federal Reserve notes to be collateralized 773,636 Collateral held against Federal Reserve notes 773,636 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 760,399 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 811,439 Less: face value of securities under reverse repurchase agreements 30,482 U.S. Treasury and agency securities eligible to be pledged 780,957 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.