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 July 5, 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 Jul 4, 2007 Jun 27, 2007 Jul 5, 2006 Jul 4, 2007 Reserve Bank credit 857,318 + 9,697 + 21,398 860,319 Securities held outright 790,531 + 55 + 24,160 790,553 U.S. Treasury1 790,531 + 55 + 24,160 790,553 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 4,381 + 55 + 606 4,403 Federal agency2 0 0 0 0 Repurchase agreements4 27,179 + 9,393 - 2,285 30,250 Loans to depository institutions 196 + 17 - 95 186 Primary credit 18 + 13 + 3 5 Secondary credit 0 0 0 0 Seasonal credit 178 + 4 - 98 181 Float -936 - 111 - 504 -906 Other Federal Reserve assets 40,348 + 342 + 122 40,237 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,540 + 14 + 550 38,540 Total factors supplying reserve funds 909,099 + 9,711 + 21,948 912,101 Currency in circulation5 814,826 + 5,072 + 16,694 818,673 Reverse repurchase agreements6 32,194 + 1,366 + 2,511 32,209 Foreign official and international accounts 32,194 + 1,366 + 2,511 32,209 Dealers 0 0 0 0 Treasury cash holdings 309 + 15 + 136 323 Deposits with F.R. Banks, other than reserve balances 11,377 - 278 - 1,472 10,877 U.S. Treasury, general account 4,607 - 316 - 727 4,117 Foreign official 140 + 41 + 29 96 Service-related 6,394 0 - 768 6,394 Required clearing balances 6,394 0 - 768 6,394 Adjustments to compensate for float 0 0 0 0 Other 237 - 1 - 5 269 Other liabilities and capital 39,506 - 149 + 4,580 39,754 Total factors, other than reserve balances, absorbing reserve funds 898,212 + 6,027 + 22,449 901,836 Reserve balances with Federal Reserve Banks 10,888 + 3,685 - 500 10,264 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,982,168 + 6,959 + 346,029 1,981,049 U.S. Treasury 1,240,662 + 9,051 + 122,744 1,240,394 Federal agency 741,507 - 2,090 + 223,287 740,655 Securities lent to dealers 10,141 + 6,812 + 3,416 5,520 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 Jul 4, 2007 Jun 27, 2007 Jul 5, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 924 - 14 + 228 Securities, repurchase agreements, and loans 820,989 + 10,305 + 26,072 Securities held outright 790,553 + 56 + 24,168 U.S. Treasury1 790,553 + 56 + 24,168 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 4,403 + 56 + 614 Federal agency2 0 0 0 Repurchase agreements4 30,250 + 10,250 + 2,000 Loans 186 - 1 - 96 Items in process of collection (1,997) 4,916 + 1,230 - 1,063 Bank premises 2,045 + 6 + 188 Other assets5 38,288 - 3 - 175 Total assets (1,997) 880,399 + 11,524 + 25,250 Liabilities Federal Reserve notes, net of F.R. Bank holdings 781,376 + 6,324 + 17,844 Reverse repurchase agreements6 32,209 + 2,075 + 3,123 Deposits (0) 21,238 + 664 - 2,159 Depository institutions 16,755 + 534 - 766 U.S. Treasury, general account 4,117 + 78 - 1,411 Foreign official 96 - 1 + 6 Other (0) 269 + 51 + 11 Deferred availability cash items (1,997) 5,822 + 1,984 + 1,317 Other liabilities and accrued dividends7 5,665 - 466 + 938 Total liabilities (1,997) 846,311 + 10,581 + 21,064 Capital accounts Capital paid in 16,163 + 52 + 1,188 Surplus 15,399 + 1 + 2,498 Other capital accounts 2,527 + 891 + 501 Total capital 34,088 + 943 + 4,186 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, July 4, 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 18 37,561 - 26,864 0 0 30,250 32,209 16 days to 90 days 168 196,414 + 26,158 0 0 0 0 91 days to 1 year 0 164,722 - 854 0 0 . . . . . . Over 1 year to 5 years . . . 234,953 + 1,580 0 0 . . . . . . Over 5 years to 10 years . . . 74,570 + 14 0 0 . . . . . . Over 10 years . . . 82,333 + 21 0 0 . . . . . . All 186 790,553 + 56 0 0 30,250 32,209 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 July 4, 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 2 4 2 4 5 0 6 2 9 7 8 7 1 2 1 1 0 8 4 9 3 5 7 3 9 3 124 Securities, repurchase agreements, and loans 820,9 8 9 37,8 2 7 297,2 1 1 36,3 1 3 33,5 9 0 71,1 1 6 76,1 3 4 68,8 9 8 26,2 6 6 16,4 3 1 26,5 9 1 36,0 7 2 94,540 Securities held outright 790,5 5 3 36,4 3 3 286,2 5 7 34,9 7 4 32,3 5 2 68,4 9 5 73,3 2 2 66,3 0 9 25,2 6 7 15,7 7 3 25,5 9 1 34,7 3 4 91,045 U.S. Treasury1 790,5 5 3 36,4 3 3 286,2 5 7 34,9 7 4 32,3 5 2 68,4 9 5 73,3 2 2 66,3 0 9 25,2 6 7 15,7 7 3 25,5 9 1 34,7 3 4 91,045 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 513,5 3 4 23,6 6 7 185,9 4 9 22,7 1 9 21,0 1 5 44,4 9 4 47,6 2 9 43,0 7 4 16,4 1 3 10,2 4 6 16,6 2 4 22,5 6 3 59,142 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 30,2 5 0 1,3 9 4 10,9 5 3 1,3 3 8 1,2 3 8 2,6 2 1 2,8 0 6 2,5 3 7 9 6 7 6 0 4 9 7 9 1,3 2 9 3,484 Loans 1 8 6 0 0 0 0 0 6 5 1 3 2 5 4 2 1 9 12 Items in process of collection 6,9 1 3 3 4 9 1 5 8 8 6 9 8 7 3 3 9 8 9 6 5 6 9 7 1 6 4 3 3 2 6 3 2 4 6 2 1,015 Bank premises 2,0 4 5 1 1 7 2 1 5 5 6 1 5 6 1 7 3 2 3 1 2 0 7 9 4 1 1 4 2 2 4 2 6 0 197 Other assets5 38,2 8 8 1,2 8 7 11,9 2 8 3,1 9 4 2,1 9 1 7,1 0 3 3,2 7 9 2,5 0 7 7 7 4 7 2 1 7 7 2 1,0 1 6 3,518 Interdistrict settlement account 0 - 3,5 2 5 + 6 8 + 1 3 3 - 2,9 6 2 + 1,6 0 3 + 5,5 3 5 + 7 2 0 + 1 8 0 - 9 6 2 + 8 9 5 - 5 0 8 - 1,176 Total assets 882,3 9 6 36,6 4 4 314,5 5 6 41,1 6 5 34,4 7 6 81,4 9 6 87,5 4 9 74,2 5 2 27,9 2 3 16,9 0 4 29,5 8 8 38,1 0 6 99,738 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 July 4, 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 980,2 7 4 37,6 7 1 347,5 6 2 40,8 1 9 36,7 8 8 80,1 8 3 107,8 9 6 80,7 2 7 29,2 8 1 17,2 6 2 30,3 5 8 57,6 0 1 114,127 Less: notes held by F.R. Banks 198,8 9 7 4,6 8 4 65,4 0 8 6,7 9 4 8,5 0 8 14,2 8 7 29,2 7 0 13,2 4 1 3,4 8 4 2,5 7 2 3,4 9 0 22,9 8 0 24,177 Federal Reserve notes, net 781,3 7 6 32,9 8 7 282,1 5 4 34,0 2 4 28,2 8 0 65,8 9 6 78,6 2 6 67,4 8 6 25,7 9 7 14,6 9 0 26,8 6 8 34,6 2 1 89,949 Reverse repurchase agreements1 32,2 0 9 1,4 8 4 11,6 6 3 1,4 2 5 1,3 1 8 2,7 9 1 2,9 8 7 2,7 0 2 1,0 2 9 6 4 3 1,0 4 3 1,4 1 5 3,709 Deposits 21,2 3 8 6 5 3 9,4 5 1 6 0 3 1,4 0 0 3,0 3 1 1,5 1 4 1,0 9 3 3 1 1 2 5 3 4 4 0 6 6 7 1,820 Depository institutions 16,7 5 5 6 4 4 5,1 0 4 5 9 7 1,3 9 7 2,9 2 8 1,5 1 1 1,0 9 0 3 1 0 2 5 2 4 3 9 6 6 7 1,817 U.S. Treasury, general account 4,1 1 7 0 4,1 1 7 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 6 9 8 1 6 3 1 0 9 3 0 0 1 0 1 0 0 Deferred availability cash items 7,8 2 0 4 0 3 3 5 6 1,1 5 1 9 4 4 5 8 6 1,0 7 3 5 9 3 1 6 8 4 9 7 6 0 6 5 1 0 933 Other liabilities and accrued dividends2 5,6 6 5 2 5 1 1,7 5 3 2 5 4 2 5 9 7 3 5 5 5 0 4 6 5 2 1 5 1 4 7 2 0 6 2 7 5 556 Total liabilities 848,3 0 8 35,7 7 9 305,3 7 6 37,4 5 7 32,2 0 1 73,0 3 9 84,7 5 0 72,3 3 7 27,5 2 1 16,2 2 9 29,1 6 3 37,4 8 9 96,967 Capital Capital paid in 16,1 6 3 3 8 8 4,2 9 2 1,8 0 9 1,1 0 1 4,1 8 9 1,2 3 8 8 9 0 1 7 3 3 2 2 1 8 9 2 7 9 1,294 Surplus 15,3 9 9 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 2,5 2 7 8 1 1,0 9 5 8 8 8 7 1 7 2 2 8 4 1 6 5 6 3 7 7 6 0 1 2 5 229 Total liabilities and capital 882,3 9 6 36,6 4 4 314,5 5 6 41,1 6 5 34,4 7 6 81,4 9 6 87,5 4 9 74,2 5 2 27,9 2 3 16,9 0 4 29,5 8 8 38,1 0 6 99,738 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 Jul 4, 2007 Federal Reserve notes outstanding 980,274 Less: Notes held by F.R. Banks not subject to collateralization 198,897 Federal Reserve notes to be collateralized 781,376 Collateral held against Federal Reserve notes 781,376 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 768,139 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 820,803 Less: face value of securities under reverse repurchase agreements 32,258 U.S. Treasury and agency securities eligible to be pledged 788,545 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.