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 19, 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 18, 2007 Jul 11, 2007 Jul 19, 2006 Jul 18, 2007 Reserve Bank credit 853,857 - 417 + 23,360 858,574 Securities held outright 790,640 + 53 + 24,852 790,660 U.S. Treasury1 790,640 + 53 + 24,852 790,660 Bills2 277,019 0 + 1,178 277,019 Notes and bonds, nominal2 474,672 0 + 12,458 474,672 Notes and bonds, inflation-indexed2 34,459 0 + 10,583 34,459 Inflation compensation3 4,491 + 54 + 634 4,510 Federal agency2 0 0 0 0 Repurchase agreements4 22,536 - 357 - 1,750 27,250 Loans to depository institutions 360 + 122 + 32 252 Primary credit 145 + 102 + 129 17 Secondary credit 0 0 0 0 Seasonal credit 216 + 21 - 97 234 Float -724 - 721 - 98 -571 Other Federal Reserve assets 41,044 + 485 + 323 40,983 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,546 + 14 + 538 38,546 Total factors supplying reserve funds 905,644 - 403 + 23,898 910,360 Currency in circulation5 814,011 - 3,321 + 19,438 814,193 Reverse repurchase agreements6 31,566 - 158 + 2,127 32,507 Foreign official and international accounts 31,566 - 158 + 2,127 32,507 Dealers 0 0 0 0 Treasury cash holdings 350 + 37 + 188 320 Deposits with F.R. Banks, other than reserve balances 11,043 - 656 - 1,470 11,120 U.S. Treasury, general account 4,174 - 738 - 741 4,100 Foreign official 124 + 29 + 34 293 Service-related 6,432 - 1 - 784 6,432 Required clearing balances 6,432 - 1 - 784 6,432 Adjustments to compensate for float 0 0 0 0 Other 312 + 53 + 20 294 Other liabilities and capital 39,350 - 89 + 4,542 38,852 Total factors, other than reserve balances, absorbing reserve funds 896,321 - 4,186 + 24,826 896,992 Reserve balances with Federal Reserve Banks 9,323 + 3,784 - 928 13,369 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,996,019 + 7,036 + 362,485 2,003,549 U.S. Treasury 1,251,477 + 6,456 + 139,490 1,258,875 Federal agency 744,543 + 581 + 222,997 744,674 Securities lent to dealers 4,678 + 1,465 + 3,057 6,039 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 18, 2007 Jul 11, 2007 Jul 19, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 981 + 54 + 245 Securities, repurchase agreements, and loans 818,162 + 6,848 + 24,087 Securities held outright 790,660 + 54 + 25,929 U.S. Treasury1 790,660 + 54 + 25,929 Bills2 277,019 0 0 Notes and bonds, nominal2 474,672 0 + 15,611 Notes and bonds, inflation-indexed2 34,459 0 + 9,676 Inflation compensation3 4,510 + 53 + 641 Federal agency2 0 0 0 Repurchase agreements4 27,250 + 6,750 - 1,750 Loans 252 + 44 - 91 Items in process of collection (1,051) 3,229 - 3,474 - 1,699 Bank premises 2,046 0 + 186 Other assets5 39,051 + 80 + 441 Total assets (1,051) 876,707 + 3,509 + 23,262 Liabilities Federal Reserve notes, net of F.R. Bank holdings 776,944 - 2,947 + 19,503 Reverse repurchase agreements6 32,507 + 1,211 + 2,920 Deposits (0) 24,603 + 8,593 - 2,192 Depository institutions 19,916 + 9,193 - 1,225 U.S. Treasury, general account 4,100 - 814 - 1,172 Foreign official 293 + 198 + 205 Other (0) 294 + 17 0 Deferred availability cash items (1,051) 3,800 - 3,313 - 1,454 Other liabilities and accrued dividends7 5,678 - 19 + 862 Total liabilities (1,051) 843,532 + 3,525 + 19,639 Capital accounts Capital paid in 16,169 + 4 + 1,183 Surplus 15,399 0 + 2,498 Other capital accounts 1,607 - 20 - 58 Total capital 33,174 - 17 + 3,622 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 18, 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 246 60,013 + 6,458 0 0 27,250 32,507 16 days to 90 days 6 172,313 - 7,408 0 0 0 0 91 days to 1 year 0 168,890 + 3,464 0 0 . . . . . . Over 1 year to 5 years . . . 237,738 + 2,769 0 0 . . . . . . Over 5 years to 10 years . . . 69,332 - 5,251 0 0 . . . . . . Over 10 years . . . 82,374 + 20 0 0 . . . . . . All 252 790,660 + 54 0 0 27,250 32,507 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 18, 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 8 1 3 0 4 9 6 3 9 5 9 5 1 3 3 1 2 2 5 2 3 8 7 6 1 0 2 127 Securities, repurchase agreements, and loans 818,1 6 2 37,6 9 4 296,1 6 3 36,1 8 5 33,4 7 2 70,8 6 5 75,8 6 4 68,6 6 0 26,2 0 6 16,3 9 6 26,5 0 0 35,9 4 9 94,208 Securities held outright 790,6 6 0 36,4 3 8 286,2 9 6 34,9 7 9 32,3 5 6 68,5 0 4 73,3 3 2 66,3 1 8 25,2 7 0 15,7 7 5 25,5 9 4 34,7 3 9 91,057 U.S. Treasury1 790,6 6 0 36,4 3 8 286,2 9 6 34,9 7 9 32,3 5 6 68,5 0 4 73,3 3 2 66,3 1 8 25,2 7 0 15,7 7 5 25,5 9 4 34,7 3 9 91,057 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 513,6 4 1 23,6 7 2 185,9 8 8 22,7 2 4 21,0 2 0 44,5 0 3 47,6 3 9 43,0 8 3 16,4 1 6 10,2 4 8 16,6 2 7 22,5 6 8 59,154 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 27,2 5 0 1,2 5 6 9,8 6 7 1,2 0 6 1,1 1 5 2,3 6 1 2,5 2 7 2,2 8 6 8 7 1 5 4 4 8 8 2 1,1 9 7 3,138 Loans 2 5 2 0 0 0 0 0 5 5 6 6 5 7 7 2 3 1 3 13 Items in process of collection 4,2 8 0 2 4 8 - 4 3 6 0 8 4 0 3 1 3 5 8 4 3 3 2 1 1 1 2 0 5 3 1 7 2 3 2 743 Bank premises 2,0 4 6 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 5 2 6 0 198 Other assets5 39,0 5 1 1,3 1 9 12,1 7 9 3,2 5 6 2,2 3 8 7,2 3 4 3,3 1 8 2,5 5 8 7 8 6 7 3 7 7 8 9 1,0 4 1 3,598 Interdistrict settlement account 0 - 3,8 5 6 + 3,5 9 1 - 1 4 0 - 3,3 7 5 + 9 4 3 + 5,6 0 7 + 3 8 2 + 2 5 - 6 4 9 + 8 4 0 - 1,7 3 5 - 1,632 Total assets 877,7 5 7 36,1 1 6 317,1 2 1 40,3 1 7 33,9 5 6 80,6 3 9 87,0 2 0 73,3 7 5 27,6 7 2 17,0 7 4 29,1 4 7 36,5 6 0 98,761 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 18, 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 984,3 4 3 37,6 7 0 350,1 7 5 40,9 6 2 37,2 4 0 80,3 6 9 108,5 6 0 80,7 2 1 29,3 9 6 17,2 3 6 30,4 0 5 57,4 4 3 114,166 Less: notes held by F.R. Banks 207,3 9 9 5,2 1 2 66,3 8 3 7,4 6 6 8,7 7 2 15,1 1 5 29,9 8 7 14,1 2 9 3,8 3 5 2,7 7 5 3,7 3 3 24,2 9 4 25,698 Federal Reserve notes, net 776,9 4 4 32,4 5 8 283,7 9 2 33,4 9 6 28,4 6 8 65,2 5 4 78,5 7 3 66,5 9 2 25,5 6 1 14,4 6 0 26,6 7 2 33,1 4 9 88,468 Reverse repurchase agreements1 32,5 0 7 1,4 9 8 11,7 7 1 1,4 3 8 1,3 3 0 2,8 1 6 3,0 1 5 2,7 2 7 1,0 3 9 6 4 9 1,0 5 2 1,4 2 8 3,744 Deposits 24,6 0 3 8 4 2 10,8 2 8 8 4 4 1,0 3 4 2,8 9 6 1,7 5 9 1,3 6 4 3 5 4 8 4 5 4 5 1 8 3 6 2,550 Depository institutions 19,9 1 6 8 3 9 6,2 9 0 8 3 9 1,0 3 0 2,7 7 2 1,7 5 6 1,3 6 1 3 5 2 8 4 5 4 5 0 8 3 6 2,547 U.S. Treasury, general account 4,1 0 0 0 4,1 0 0 0 0 0 0 0 0 0 0 0 0 Foreign official 2 9 3 1 2 6 3 5 3 1 1 3 2 0 1 0 1 3 Other 2 9 4 1 1 7 5 0 1 1 1 3 0 1 1 0 1 0 0 Deferred availability cash items 4,8 5 1 2 4 7 1 0 5 6 2 1 6 2 1 4 6 0 5 5 2 3 8 0 1 3 4 3 1 0 3 7 6 2 8 4 763 Other liabilities and accrued dividends2 5,6 7 8 2 5 2 1,7 5 8 2 5 9 2 6 1 7 5 2 5 3 2 4 6 8 2 1 4 1 5 2 1 9 7 2 7 4 558 Total liabilities 844,5 8 3 35,2 9 7 308,2 5 3 36,6 5 8 31,7 1 3 72,1 7 8 84,4 3 1 71,5 3 1 27,3 0 2 16,4 1 6 28,7 4 9 35,9 7 1 96,083 Capital Capital paid in 16,1 6 9 3 8 8 4,2 9 2 1,8 0 9 1,1 0 1 4,1 9 5 1,2 3 8 8 9 0 1 7 3 3 2 2 1 8 8 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 1,248 Other capital 1,6 0 7 3 5 7 8 2 3 9 5 5 1 6 8 7 4 9 5 3 0 6 0 3 5 9 6 136 Total liabilities and capital 877,7 5 7 36,1 1 6 317,1 2 1 40,3 1 7 33,9 5 6 80,6 3 9 87,0 2 0 73,3 7 5 27,6 7 2 17,0 7 4 29,1 4 7 36,5 6 0 98,761 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 18, 2007 Federal Reserve notes outstanding 984,343 Less: Notes held by F.R. Banks not subject to collateralization 207,399 Federal Reserve notes to be collateralized 776,944 Collateral held against Federal Reserve notes 776,944 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 763,708 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 817,910 Less: face value of securities under reverse repurchase agreements 32,553 U.S. Treasury and agency securities eligible to be pledged 785,357 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.