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 12, 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 11, 2007 Jul 4, 2007 Jul 12, 2006 Jul 11, 2007 Reserve Bank credit 854,278 - 3,016 + 24,176 851,809 Securities held outright 790,587 + 56 + 24,183 790,606 U.S. Treasury1 790,587 + 56 + 24,183 790,606 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 4,437 + 56 + 629 4,457 Federal agency2 0 0 0 0 Repurchase agreements4 22,893 - 4,286 + 1,750 20,500 Loans to depository institutions 238 + 42 - 61 208 Primary credit 43 + 25 + 32 2 Secondary credit 0 0 0 0 Seasonal credit 195 + 17 - 94 205 Float 1 + 960 - 979 -410 Other Federal Reserve assets 40,559 + 211 - 717 40,905 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,554 + 14 + 555 38,554 Total factors supplying reserve funds 906,073 - 3,003 + 24,731 903,604 Currency in circulation5 817,354 + 2,528 + 19,065 817,166 Reverse repurchase agreements6 31,724 - 470 + 3,405 31,296 Foreign official and international accounts 31,724 - 470 + 3,405 31,296 Dealers 0 0 0 0 Treasury cash holdings 313 + 4 + 146 356 Deposits with F.R. Banks, other than reserve balances 11,699 + 322 - 1,051 11,719 U.S. Treasury, general account 4,912 + 305 - 274 4,914 Foreign official 95 - 45 0 95 Service-related 6,433 + 39 - 784 6,433 Required clearing balances 6,433 + 39 - 784 6,433 Adjustments to compensate for float 0 0 0 0 Other 259 + 22 + 8 277 Other liabilities and capital 39,439 - 67 + 4,220 38,888 Total factors, other than reserve balances, absorbing reserve funds 900,529 + 2,317 + 25,785 899,426 Reserve balances with Federal Reserve Banks 5,543 - 5,321 - 1,055 4,178 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,988,983 + 6,815 + 356,428 1,997,056 U.S. Treasury 1,245,021 + 4,359 + 131,730 1,252,058 Federal agency 743,962 + 2,455 + 224,698 744,998 Securities lent to dealers 3,213 - 6,928 + 213 2,007 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 11, 2007 Jul 4, 2007 Jul 12, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 927 + 3 + 216 Securities, repurchase agreements, and loans 811,314 - 9,675 + 23,794 Securities held outright 790,606 + 53 + 24,192 U.S. Treasury1 790,606 + 53 + 24,192 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 4,457 + 54 + 638 Federal agency2 0 0 0 Repurchase agreements4 20,500 - 9,750 - 250 Loans 208 + 22 - 147 Items in process of collection (3,654) 6,703 + 1,787 + 1,144 Bank premises 2,046 + 1 + 188 Other assets5 38,971 + 683 - 30 Total assets (3,654) 873,198 - 7,201 + 25,312 Liabilities Federal Reserve notes, net of F.R. Bank holdings 779,891 - 1,485 + 19,239 Reverse repurchase agreements6 31,296 - 913 + 2,758 Deposits (0) 16,010 - 5,228 - 2,648 Depository institutions 10,723 - 6,032 - 2,546 U.S. Treasury, general account 4,914 + 797 - 110 Foreign official 95 - 1 + 6 Other (0) 277 + 8 0 Deferred availability cash items (3,654) 7,113 + 1,291 + 1,641 Other liabilities and accrued dividends7 5,697 + 32 + 908 Total liabilities (3,654) 840,007 - 6,304 + 21,897 Capital accounts Capital paid in 16,165 + 2 + 1,188 Surplus 15,399 0 + 2,498 Other capital accounts 1,627 - 900 - 271 Total capital 33,191 - 897 + 3,415 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 11, 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 24 53,555 + 15,994 0 0 20,500 31,296 16 days to 90 days 183 179,721 - 16,693 0 0 0 0 91 days to 1 year 0 165,426 + 704 0 0 . . . . . . Over 1 year to 5 years . . . 234,969 + 16 0 0 . . . . . . Over 5 years to 10 years . . . 74,583 + 13 0 0 . . . . . . Over 10 years . . . 82,354 + 21 0 0 . . . . . . All 208 790,606 + 53 0 0 20,500 31,296 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 11, 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 7 2 5 4 6 6 1 9 5 8 7 1 2 3 1 1 3 5 0 3 9 7 2 9 7 119 Securities, repurchase agreements, and loans 811,3 1 4 37,3 8 0 293,7 0 0 35,8 8 4 33,1 9 3 70,2 7 6 75,2 3 3 68,0 8 6 25,9 7 4 16,2 4 8 26,2 7 4 35,6 4 6 93,420 Securities held outright 790,6 0 6 36,4 3 6 286,2 7 6 34,9 7 7 32,3 5 4 68,5 0 0 73,3 2 7 66,3 1 4 25,2 6 9 15,7 7 4 25,5 9 3 34,7 3 7 91,051 U.S. Treasury1 790,6 0 6 36,4 3 6 286,2 7 6 34,9 7 7 32,3 5 4 68,5 0 0 73,3 2 7 66,3 1 4 25,2 6 9 15,7 7 4 25,5 9 3 34,7 3 7 91,051 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 8 8 23,6 6 9 185,9 6 9 22,7 2 1 21,0 1 8 44,4 9 8 47,6 3 4 43,0 7 8 16,4 1 5 10,2 4 7 16,6 2 5 22,5 6 5 59,148 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 20,5 0 0 9 4 5 7,4 2 3 9 0 7 8 3 9 1,7 7 6 1,9 0 1 1,7 1 9 6 5 5 4 0 9 6 6 4 9 0 1 2,361 Loans 2 0 8 0 0 0 0 0 5 5 3 5 0 6 4 1 8 9 8 Items in process of collection 10,3 5 7 4 0 8 6 1 3 9 4 3 1,3 4 9 6 2 3 1,0 2 2 8 8 3 1 3 9 5 6 5 5 0 4 7 9 9 2,510 Bank premises 2,0 4 6 1 1 8 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 0 198 Other assets5 38,9 7 1 1,3 1 1 12,1 5 0 3,2 4 3 2,2 1 9 7,2 0 5 3,3 5 6 2,5 5 4 7 9 0 7 3 3 7 8 4 1,0 3 7 3,589 Interdistrict settlement account 0 - 3,6 2 3 + 1,1 6 5 + 1 6 7 - 3,1 2 6 + 3 7 6 + 5,8 9 8 + 1,2 6 1 + 2 9 8 - 9 6 4 + 1,2 4 7 - 8 5 3 - 1,845 Total assets 876,8 5 2 36,1 8 3 312,8 1 6 40,8 9 1 34,4 1 7 79,7 5 7 87,1 4 5 74,2 1 8 27,7 4 2 16,9 6 7 29,5 0 6 37,6 9 9 99,510 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 11, 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 982,5 3 2 37,6 2 6 349,1 2 2 40,9 3 1 36,9 5 9 80,3 4 1 108,0 8 7 80,7 1 7 29,2 7 1 17,2 4 9 30,4 3 1 57,5 8 4 114,213 Less: notes held by F.R. Banks 202,6 4 1 4,9 4 2 65,9 9 2 7,1 6 4 8,5 4 8 14,6 6 6 29,2 1 3 13,7 2 2 3,5 9 6 2,6 6 4 3,4 8 8 23,6 8 6 24,959 Federal Reserve notes, net 779,8 9 1 32,6 8 4 283,1 3 0 33,7 6 6 28,4 1 1 65,6 7 6 78,8 7 4 66,9 9 6 25,6 7 5 14,5 8 6 26,9 4 2 33,8 9 8 89,254 Reverse repurchase agreements1 31,2 9 6 1,4 4 2 11,3 3 2 1,3 8 5 1,2 8 1 2,7 1 2 2,9 0 3 2,6 2 5 1,0 0 0 6 2 4 1,0 1 3 1,3 7 5 3,604 Deposits 16,0 1 0 3 9 8 7,0 3 8 5 5 0 8 0 7 1,3 4 5 1,2 9 9 1,3 0 7 3 1 0 2 7 2 4 2 4 7 0 3 1,557 Depository institutions 10,7 2 3 3 9 4 1,9 0 5 5 4 4 8 0 3 1,2 2 0 1,2 9 6 1,3 0 4 3 0 9 2 7 1 4 2 2 7 0 3 1,554 U.S. Treasury, general account 4,9 1 4 0 4,9 1 4 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 7 7 3 1 5 4 1 1 1 1 4 0 1 1 0 1 0 0 Deferred availability cash items 10,7 6 7 5 8 7 6 9 0 1,2 5 8 1,4 1 6 7 9 3 9 6 7 9 7 8 1 6 7 6 7 3 5 2 0 8 5 6 1,862 Other liabilities and accrued dividends2 5,6 9 7 2 5 2 1,7 6 0 2 5 9 2 6 4 7 5 1 5 2 3 4 7 0 2 2 2 1 5 3 2 0 7 2 7 4 563 Total liabilities 843,6 6 1 35,3 6 3 303,9 5 0 37,2 1 8 32,1 7 9 71,2 7 7 84,5 6 5 72,3 7 6 27,3 7 4 16,3 0 8 29,1 0 6 37,1 0 6 96,840 Capital Capital paid in 16,1 6 5 3 8 8 4,2 9 2 1,8 0 9 1,1 0 1 4,1 9 1 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 1,6 2 7 3 6 7 8 0 5 4 5 1 1 9 3 6 6 9 3 2 8 6 1 3 5 1 0 0 129 Total liabilities and capital 876,8 5 2 36,1 8 3 312,8 1 6 40,8 9 1 34,4 1 7 79,7 5 7 87,1 4 5 74,2 1 8 27,7 4 2 16,9 6 7 29,5 0 6 37,6 9 9 99,510 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 11, 2007 Federal Reserve notes outstanding 982,532 Less: Notes held by F.R. Banks not subject to collateralization 202,641 Federal Reserve notes to be collateralized 779,891 Collateral held against Federal Reserve notes 779,891 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 766,654 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 811,106 Less: face value of securities under reverse repurchase agreements 31,343 U.S. Treasury and agency securities eligible to be pledged 779,763 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.