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 26, 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 25, 2007 Jul 18, 2007 Jul 26, 2006 Jul 25, 2007 Reserve Bank credit 850,186 - 3,669 + 24,131 849,899 Securities held outright 790,694 + 54 + 25,942 790,714 U.S. Treasury1 790,694 + 54 + 25,942 790,714 Bills2 277,019 0 0 277,019 Notes and bonds, nominal2 474,672 0 + 15,611 474,672 Notes and bonds, inflation-indexed2 34,459 0 + 9,676 34,459 Inflation compensation3 4,544 + 53 + 655 4,564 Federal agency2 0 0 0 0 Repurchase agreements4 18,857 - 3,679 - 1,679 18,750 Loans to depository institutions 239 - 121 - 111 246 Primary credit 3 - 142 - 12 3 Secondary credit 0 0 0 0 Seasonal credit 236 + 20 - 98 243 Float -926 - 200 - 115 -1,270 Other Federal Reserve assets 41,321 + 277 + 92 41,460 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,560 + 14 + 543 38,560 Total factors supplying reserve funds 901,987 - 3,655 + 24,674 901,700 Currency in circulation5 812,492 - 1,519 + 19,813 813,701 Reverse repurchase agreements6 31,500 - 66 + 2,339 31,109 Foreign official and international accounts 31,500 - 66 + 2,339 31,109 Dealers 0 0 0 0 Treasury cash holdings 317 - 33 + 159 298 Deposits with F.R. Banks, other than reserve balances 11,908 + 865 - 543 11,792 U.S. Treasury, general account 5,052 + 878 + 35 4,931 Foreign official 95 - 29 - 8 98 Service-related 6,464 + 32 - 564 6,464 Required clearing balances 6,464 + 32 - 564 6,464 Adjustments to compensate for float 0 0 0 0 Other 298 - 14 - 5 300 Other liabilities and capital 39,377 + 27 + 4,400 38,836 Total factors, other than reserve balances, absorbing reserve funds 895,595 - 726 + 26,168 895,737 Reserve balances with Federal Reserve Banks 6,392 - 2,929 - 1,495 5,963 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 2,002,989 + 6,970 + 358,191 2,011,785 U.S. Treasury 1,253,258 + 1,781 + 139,067 1,252,385 Federal agency 749,731 + 5,188 + 219,124 759,400 Securities lent to dealers 4,632 - 46 + 2,144 4,632 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 25, 2007 Jul 18, 2007 Jul 26, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,047 + 66 + 297 Securities, repurchase agreements, and loans 809,710 - 8,452 + 23,576 Securities held outright 790,714 + 54 + 25,951 U.S. Treasury1 790,714 + 54 + 25,951 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 4,564 + 54 + 664 Federal agency2 0 0 0 Repurchase agreements4 18,750 - 8,500 - 2,250 Loans 246 - 6 - 125 Items in process of collection (810) 2,095 - 1,134 - 1,935 Bank premises 2,055 + 9 + 191 Other assets5 39,535 + 484 + 449 Total assets (810) 867,680 - 9,027 + 22,579 Liabilities Federal Reserve notes, net of F.R. Bank holdings 776,483 - 461 + 19,844 Reverse repurchase agreements6 31,109 - 1,398 + 2,641 Deposits (0) 17,886 - 6,717 - 2,235 Depository institutions 12,558 - 7,358 - 2,316 U.S. Treasury, general account 4,931 + 831 + 107 Foreign official 98 - 195 - 42 Other (0) 300 + 6 + 17 Deferred availability cash items (810) 3,366 - 434 - 1,756 Other liabilities and accrued dividends7 5,751 + 73 + 885 Total liabilities (810) 834,595 - 8,937 + 19,378 Capital accounts Capital paid in 16,171 + 2 + 1,178 Surplus 15,399 0 + 2,498 Other capital accounts 1,515 - 92 - 475 Total capital 33,085 - 89 + 3,201 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 25, 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 236 59,560 - 453 0 0 18,750 31,109 16 days to 90 days 10 171,335 - 978 0 0 0 0 91 days to 1 year 0 170,324 + 1,434 0 0 . . . . . . Over 1 year to 5 years . . . 237,758 + 20 0 0 . . . . . . Over 5 years to 10 years . . . 69,342 + 10 0 0 . . . . . . Over 10 years . . . 82,395 + 21 0 0 . . . . . . All 246 790,714 + 54 0 0 18,750 31,109 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 25, 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 1,0 4 7 2 9 5 5 6 9 1 0 2 9 9 1 4 0 1 2 7 5 3 4 0 7 8 1 1 6 138 Securities, repurchase agreements, and loans 809,7 1 0 37,3 0 5 293,1 0 5 35,8 1 2 33,1 2 6 70,1 3 4 75,0 8 2 67,9 5 0 25,9 3 1 16,2 3 0 26,2 3 0 35,5 7 5 93,230 Securities held outright 790,7 1 4 36,4 4 1 286,3 1 5 34,9 8 1 32,3 5 9 68,5 0 9 73,3 3 7 66,3 2 3 25,2 7 2 15,7 7 6 25,5 9 6 34,7 4 1 91,063 U.S. Treasury1 790,7 1 4 36,4 4 1 286,3 1 5 34,9 8 1 32,3 5 9 68,5 0 9 73,3 3 7 66,3 2 3 25,2 7 2 15,7 7 6 25,5 9 6 34,7 4 1 91,063 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 9 5 23,6 7 4 186,0 0 7 22,7 2 6 21,0 2 2 44,5 0 8 47,6 4 4 43,0 8 7 16,4 1 8 10,2 4 9 16,6 2 9 22,5 7 0 59,160 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 18,7 5 0 8 6 4 6,7 8 9 8 3 0 7 6 7 1,6 2 5 1,7 3 9 1,5 7 3 5 9 9 3 7 4 6 0 7 8 2 4 2,159 Loans 2 4 6 0 0 1 0 0 6 5 5 6 0 8 0 2 7 1 0 8 Items in process of collection 2,9 0 5 1 1 9 4 9 3 0 3 4 4 3 1 9 2 3 7 8 1 6 2 6 8 1 9 9 2 7 9 1 9 6 517 Bank premises 2,0 5 5 1 1 8 2 1 6 5 6 1 5 6 1 7 3 2 3 1 2 0 7 9 8 1 1 4 2 2 5 2 6 0 201 Other assets5 39,5 3 5 1,3 4 0 12,3 4 8 3,2 7 8 2,2 5 6 7,2 6 3 3,3 7 6 2,6 0 1 8 0 1 7 4 7 8 0 4 1,0 6 2 3,660 Interdistrict settlement account 0 - 3,6 9 7 + 3,8 3 5 - 4 2 2 - 2,4 2 5 + 3 4 0 + 5,9 5 9 + 3 6 5 + 2 1 8 - 1,2 8 1 + 8 1 1 - 1,8 1 5 - 1,887 Total assets 868,4 9 0 35,7 7 7 314,5 3 5 39,6 3 3 34,1 9 0 79,2 1 7 86,4 4 8 72,5 2 6 27,5 6 6 16,2 8 4 28,8 2 9 36,1 0 6 97,379 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 25, 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 986,8 5 1 37,6 5 7 351,0 8 0 40,8 5 1 37,5 9 4 80,5 0 5 109,7 0 8 80,5 5 2 29,4 5 3 17,2 0 9 30,2 7 3 57,5 9 5 114,375 Less: notes held by F.R. Banks 210,3 6 9 5,4 1 3 66,0 1 5 7,6 4 4 9,0 2 4 15,6 3 1 30,9 0 5 14,5 5 4 3,8 7 2 2,8 7 4 3,7 7 6 24,6 6 2 25,998 Federal Reserve notes, net 776,4 8 3 32,2 4 5 285,0 6 4 33,2 0 6 28,5 7 1 64,8 7 3 78,8 0 3 65,9 9 7 25,5 8 2 14,3 3 5 26,4 9 7 32,9 3 3 88,377 Reverse repurchase agreements1 31,1 0 9 1,4 3 4 11,2 6 5 1,3 7 6 1,2 7 3 2,6 9 5 2,8 8 5 2,6 0 9 9 9 4 6 2 1 1,0 0 7 1,3 6 7 3,583 Deposits 17,8 8 6 8 0 0 7,4 7 8 6 0 9 1,2 7 6 2,0 9 8 1,1 1 8 1,3 2 4 3 1 0 2 3 6 4 1 4 6 4 8 1,575 Depository institutions 12,5 5 8 7 9 8 2,2 9 0 6 0 4 1,2 7 2 1,9 8 3 1,1 1 5 1,3 2 0 3 0 9 2 3 5 4 1 2 6 4 7 1,572 U.S. Treasury, general account 4,9 3 1 0 4,9 3 1 0 0 0 0 0 0 0 0 0 0 Foreign official 9 8 1 6 7 5 3 1 1 3 2 0 1 0 1 3 Other 3 0 0 1 1 9 0 0 1 1 0 5 0 1 1 0 1 0 0 Deferred availability cash items 4,1 7 6 2 3 0 1 0 8 5 2 9 5 7 4 3 2 8 5 1 5 2 8 3 1 0 9 2 8 2 3 1 5 2 9 3 610 Other liabilities and accrued dividends2 5,7 5 1 2 5 3 1,7 6 5 2 6 2 2 6 4 7 8 4 5 4 7 4 7 3 2 1 6 1 5 2 1 9 7 2 7 7 562 Total liabilities 835,4 0 5 34,9 6 1 305,6 7 9 35,9 8 3 31,9 5 8 70,7 7 8 83,8 6 8 70,6 8 6 27,2 1 1 15,6 2 6 28,4 3 0 35,5 1 7 94,707 Capital Capital paid in 16,1 7 1 3 8 8 4,2 9 2 1,8 0 9 1,1 0 1 4,1 9 6 1,2 3 8 8 9 0 1 7 3 3 2 2 1 8 8 2 8 0 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 1,5 1 5 3 3 7 7 0 3 1 4 4 1 4 6 6 6 9 0 1 5 6 0 3 5 9 6 130 Total liabilities and capital 868,4 9 0 35,7 7 7 314,5 3 5 39,6 3 3 34,1 9 0 79,2 1 7 86,4 4 8 72,5 2 6 27,5 6 6 16,2 8 4 28,8 2 9 36,1 0 6 97,379 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 25, 2007 Federal Reserve notes outstanding 986,851 Less: Notes held by F.R. Banks not subject to collateralization 210,369 Federal Reserve notes to be collateralized 776,483 Collateral held against Federal Reserve notes 776,483 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 763,246 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 809,464 Less: face value of securities under reverse repurchase agreements 31,156 U.S. Treasury and agency securities eligible to be pledged 778,308 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.