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 28, 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 27, 2007 Jun 20, 2007 Jun 28, 2006 Jun 27, 2007 Reserve Bank credit 847,621 - 4,677 + 22,663 850,765 Securities held outright 790,476 + 59 + 24,146 790,497 U.S. Treasury1 790,476 + 59 + 24,146 790,497 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 4,326 + 59 + 592 4,347 Federal agency2 0 0 0 0 Repurchase agreements4 17,786 - 4,893 - 643 20,000 Loans to depository institutions 179 - 104 - 114 187 Primary credit 5 - 127 - 11 5 Secondary credit 0 0 0 0 Seasonal credit 174 + 23 - 103 182 Float -825 - 267 - 198 -152 Other Federal Reserve assets 40,006 + 529 - 527 40,233 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,526 + 14 + 538 38,526 Total factors supplying reserve funds 899,388 - 4,663 + 23,201 902,532 Currency in circulation5 809,754 - 507 + 16,877 812,339 Reverse repurchase agreements6 30,828 - 893 + 3,786 30,134 Foreign official and international accounts 30,828 - 893 + 3,786 30,134 Dealers 0 0 0 0 Treasury cash holdings 294 - 7 + 101 306 Deposits with F.R. Banks, other than reserve balances 11,655 - 718 - 757 10,748 U.S. Treasury, general account 4,923 - 552 - 1 4,039 Foreign official 99 + 3 + 12 97 Service-related 6,394 - 189 - 772 6,394 Required clearing balances 6,394 - 189 - 772 6,394 Adjustments to compensate for float 0 0 0 0 Other 238 + 18 + 3 218 Other liabilities and capital 39,655 + 314 + 4,577 39,276 Total factors, other than reserve balances, absorbing reserve funds 892,185 - 1,813 + 24,583 892,803 Reserve balances with Federal Reserve Banks 7,203 - 2,850 - 1,382 9,730 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,975,209 + 8,191 + 336,934 1,975,604 U.S. Treasury 1,231,611 + 661 + 111,025 1,234,509 Federal agency 743,597 + 7,528 + 225,908 741,095 Securities lent to dealers 3,329 - 1,389 + 989 2,566 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 27, 2007 Jun 20, 2007 Jun 28, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 938 + 6 + 218 Securities, repurchase agreements, and loans 810,684 - 1,688 + 21,535 Securities held outright 790,497 + 58 + 24,148 U.S. Treasury1 790,497 + 58 + 24,148 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 4,347 + 58 + 594 Federal agency2 0 0 0 Repurchase agreements4 20,000 - 1,000 - 2,500 Loans 187 - 746 - 113 Items in process of collection (843) 3,686 + 172 - 938 Bank premises 2,039 + 3 + 184 Other assets5 38,291 + 524 - 23 Total assets (843) 868,875 - 984 + 20,977 Liabilities Federal Reserve notes, net of F.R. Bank holdings 775,052 + 1,416 + 16,731 Reverse repurchase agreements6 30,134 - 309 - 266 Deposits (0) 20,574 - 1,904 + 1,135 Depository institutions 16,221 + 83 + 1,982 U.S. Treasury, general account 4,039 - 1,983 - 840 Foreign official 97 + 1 + 7 Other (0) 218 - 4 - 13 Deferred availability cash items (843) 3,838 - 312 - 1,259 Other liabilities and accrued dividends7 6,131 + 89 + 952 Total liabilities (843) 835,730 - 1,018 + 17,294 Capital accounts Capital paid in 16,111 + 5 + 1,143 Surplus 15,398 + 11 + 2,497 Other capital accounts 1,636 + 19 + 43 Total capital 33,145 + 35 + 3,683 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 27, 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 185 64,425 - 1,719 0 0 20,000 30,134 16 days to 90 days 2 170,256 + 1,435 0 0 0 0 91 days to 1 year 0 165,576 + 288 0 0 . . . . . . Over 1 year to 5 years . . . 233,373 + 18 0 0 . . . . . . Over 5 years to 10 years . . . 74,556 + 15 0 0 . . . . . . Over 10 years . . . 82,312 + 23 0 0 . . . . . . All 187 790,497 + 58 0 0 20,000 30,134 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 27, 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 8 2 6 4 9 6 3 9 5 9 0 1 2 2 1 1 2 4 5 3 7 7 5 9 5 128 Securities, repurchase agreements, and loans 810,6 8 4 37,3 5 6 293,4 7 9 35,8 5 7 33,1 6 8 70,2 2 3 75,1 7 6 68,0 3 0 25,9 4 6 16,2 2 3 26,2 6 1 35,6 1 9 93,347 Securities held outright 790,4 9 7 36,4 3 1 286,2 3 7 34,9 7 2 32,3 5 0 68,4 9 0 73,3 1 7 66,3 0 4 25,2 6 5 15,7 7 2 25,5 8 9 34,7 3 2 91,038 U.S. Treasury1 790,4 9 7 36,4 3 1 286,2 3 7 34,9 7 2 32,3 5 0 68,4 9 0 73,3 1 7 66,3 0 4 25,2 6 5 15,7 7 2 25,5 8 9 34,7 3 2 91,038 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 7 8 23,6 6 4 185,9 2 9 22,7 1 6 21,0 1 3 44,4 8 9 47,6 2 4 43,0 6 9 16,4 1 1 10,2 4 5 16,6 2 2 22,5 6 0 59,135 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 20,0 0 0 9 2 2 7,2 4 2 8 8 5 8 1 8 1,7 3 3 1,8 5 5 1,6 7 8 6 3 9 3 9 9 6 4 7 8 7 9 2,303 Loans 1 8 7 3 1 0 0 0 4 4 8 4 2 5 1 2 5 8 5 Items in process of collection 4,5 3 0 1 5 6 8 8 5 5 2 7 2 0 2 5 1 5 4 0 3 0 8 1 9 0 2 8 3 3 4 5 2 7 4 822 Bank premises 2,0 3 9 1 1 8 2 1 6 5 7 1 5 6 1 7 3 2 3 1 2 0 8 9 4 1 1 5 2 1 3 2 6 1 198 Other assets5 38,2 9 1 1,2 9 1 11,9 6 1 3,1 8 5 2,1 8 9 7,0 6 7 3,2 7 1 2,5 0 9 7 7 0 7 2 3 7 7 3 1,0 2 4 3,528 Interdistrict settlement account 0 - 3,2 3 2 + 1,3 8 6 - 4 5 0 - 3,6 0 0 + 1 3 9 + 6,2 7 1 + 1,3 2 7 + 1 5 6 - 1,0 6 3 + 1,0 3 3 - 9 7 - 1,869 Total assets 869,7 1 8 36,2 7 9 312,1 0 6 39,8 0 1 33,2 6 1 78,9 6 1 86,8 9 3 73,6 0 9 27,5 9 7 16,5 5 1 29,1 0 1 37,8 8 6 97,674 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 27, 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 978,5 2 1 37,6 8 5 346,8 1 5 40,2 7 0 36,8 1 6 80,0 1 6 107,9 6 3 80,6 7 1 29,2 1 8 17,2 7 2 30,3 8 1 57,7 4 3 113,670 Less: notes held by F.R. Banks 203,4 6 9 4,9 8 6 65,9 7 4 7,1 6 8 9,0 3 3 14,5 9 8 29,5 0 5 13,9 8 0 3,5 9 7 2,6 9 0 3,6 8 1 22,9 2 5 25,332 Federal Reserve notes, net 775,0 5 2 32,6 9 9 280,8 4 1 33,1 0 2 27,7 8 3 65,4 1 8 78,4 5 8 66,6 9 1 25,6 2 1 14,5 8 2 26,7 0 0 34,8 1 8 88,338 Reverse repurchase agreements1 30,1 3 4 1,3 8 9 10,9 1 1 1,3 3 3 1,2 3 3 2,6 1 1 2,7 9 5 2,5 2 8 9 6 3 6 0 1 9 7 5 1,3 2 4 3,470 Deposits 20,5 7 4 7 8 4 9,4 9 6 7 1 7 1,0 3 4 1,6 4 0 1,6 2 1 1,7 5 0 2 9 9 2 3 3 4 8 6 6 0 2 1,913 Depository institutions 16,2 2 1 7 7 6 5,2 2 3 7 1 1 1,0 3 0 1,5 9 0 1,6 1 8 1,7 4 7 2 9 7 2 3 2 4 8 4 6 0 1 1,910 U.S. Treasury, general account 4,0 3 9 0 4,0 3 9 0 0 0 0 0 0 0 0 0 0 Foreign official 9 7 1 6 7 5 3 1 1 3 2 0 1 0 1 3 Other 2 1 8 6 1 6 7 1 1 3 9 0 0 1 0 1 0 0 Deferred availability cash items 4,6 8 2 3 0 1 1 1 6 6 8 2 6 8 0 3 2 0 5 3 4 3 1 0 1 2 9 3 1 7 3 3 9 2 7 3 682 Other liabilities and accrued dividends2 6,1 3 1 2 6 4 1,8 7 0 3 0 6 2 9 1 8 5 0 6 0 9 4 9 0 2 1 7 1 6 0 2 0 0 2 8 3 592 Total liabilities 836,5 7 4 35,4 3 6 303,2 3 5 36,1 4 1 31,0 2 2 70,8 3 8 84,0 1 7 71,7 6 8 27,2 2 8 15,8 9 3 28,7 0 0 37,3 0 0 94,995 Capital Capital paid in 16,1 1 1 4 0 4 4,2 9 2 1,8 0 9 1,1 0 1 3,9 5 9 1,4 0 1 8 9 0 1 7 2 3 2 1 1 8 9 2 7 8 1,294 Surplus 15,3 9 8 3 9 6 3,7 9 4 1,8 1 1 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 3 6 4 3 7 8 6 4 0 5 1 6 9 1 9 7 9 2 3 0 6 0 3 6 9 4 138 Total liabilities and capital 869,7 1 8 36,2 7 9 312,1 0 6 39,8 0 1 33,2 6 1 78,9 6 1 86,8 9 3 73,6 0 9 27,5 9 7 16,5 5 1 29,1 0 1 37,8 8 6 97,674 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 27, 2007 Federal Reserve notes outstanding 978,521 Less: Notes held by F.R. Banks not subject to collateralization 203,469 Federal Reserve notes to be collateralized 775,052 Collateral held against Federal Reserve notes 775,052 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 761,815 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 810,497 Less: face value of securities under reverse repurchase agreements 30,168 U.S. Treasury and agency securities eligible to be pledged 780,329 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.