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 August 2, 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 Aug 1, 2007 Jul 25, 2007 Aug 2, 2006 Aug 1, 2007 Reserve Bank credit 857,603 + 7,417 + 24,929 855,713 Securities held outright 790,758 + 64 + 25,965 790,802 U.S. Treasury1 790,758 + 64 + 25,965 790,802 Bills2 277,019 0 0 277,019 Notes and bonds, nominal2 474,303 - 369 + 15,772 473,378 Notes and bonds, inflation-indexed2 34,828 + 369 + 9,515 35,753 Inflation compensation3 4,609 + 65 + 679 4,653 Federal agency2 0 0 0 0 Repurchase agreements4 25,786 + 6,929 - 821 24,750 Loans to depository institutions 251 + 12 - 235 235 Primary credit 2 - 1 - 139 2 Secondary credit 0 0 0 0 Seasonal credit 249 + 13 - 96 233 Float -857 + 69 - 425 -1,482 Other Federal Reserve assets 41,665 + 344 + 445 41,407 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,574 + 14 + 548 38,574 Total factors supplying reserve funds 909,418 + 7,431 + 25,477 907,528 Currency in circulation5 812,415 - 77 + 19,662 814,192 Reverse repurchase agreements6 33,335 + 1,835 + 3,690 31,546 Foreign official and international accounts 33,335 + 1,835 + 3,690 31,546 Dealers 0 0 0 0 Treasury cash holdings 292 - 25 + 143 243 Deposits with F.R. Banks, other than reserve balances 11,719 - 189 - 447 11,622 U.S. Treasury, general account 4,874 - 178 + 154 4,769 Foreign official 96 + 1 + 6 95 Service-related 6,463 - 1 - 565 6,463 Required clearing balances 6,463 - 1 - 565 6,463 Adjustments to compensate for float 0 0 0 0 Other 287 - 11 - 41 295 Other liabilities and capital 39,479 + 102 + 3,996 39,462 Total factors, other than reserve balances, absorbing reserve funds 897,240 + 1,645 + 27,043 897,065 Reserve balances with Federal Reserve Banks 12,178 + 5,786 - 1,565 10,462 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 2,009,950 + 6,961 + 356,374 2,010,794 U.S. Treasury 1,252,176 - 1,082 + 130,684 1,254,060 Federal agency 757,773 + 8,042 + 225,688 756,733 Securities lent to dealers 6,084 + 1,452 + 3,508 9,917 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 Aug 1, 2007 Jul 25, 2007 Aug 2, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,096 + 49 + 339 Securities, repurchase agreements, and loans 815,787 + 6,077 + 21,971 Securities held outright 790,802 + 88 + 25,987 U.S. Treasury1 790,802 + 88 + 25,987 Bills2 277,019 0 0 Notes and bonds, nominal2 473,378 - 1,294 + 15,552 Notes and bonds, inflation-indexed2 35,753 + 1,294 + 9,734 Inflation compensation3 4,653 + 89 + 701 Federal agency2 0 0 0 Repurchase agreements4 24,750 + 6,000 - 3,000 Loans 235 - 11 - 1,016 Items in process of collection (781) 2,426 + 331 - 2,454 Bank premises 2,053 - 2 + 187 Other assets5 39,513 - 22 + 137 Total assets (781) 874,112 + 6,432 + 20,179 Liabilities Federal Reserve notes, net of F.R. Bank holdings 776,953 + 470 + 19,537 Reverse repurchase agreements6 31,546 + 437 + 2,748 Deposits (0) 22,243 + 4,357 - 4,669 Depository institutions 17,084 + 4,526 - 3,881 U.S. Treasury, general account 4,769 - 162 - 702 Foreign official 95 - 3 + 4 Other (0) 295 - 5 - 91 Deferred availability cash items (781) 3,908 + 542 - 1,788 Other liabilities and accrued dividends7 5,824 + 73 + 852 Total liabilities (781) 840,474 + 5,879 + 16,680 Capital accounts Capital paid in 16,649 + 478 + 1,652 Surplus 15,411 + 12 + 2,510 Other capital accounts 1,578 + 63 - 662 Total capital 33,638 + 553 + 3,499 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, August 1, 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 31 64,310 + 4,750 0 0 24,750 31,546 16 days to 90 days 204 157,010 - 14,325 0 0 0 0 91 days to 1 year 0 178,313 + 7,989 0 0 . . . . . . Over 1 year to 5 years . . . 238,073 + 315 0 0 . . . . . . Over 5 years to 10 years . . . 69,350 + 8 0 0 . . . . . . Over 10 years . . . 83,748 + 1,353 0 0 . . . . . . All 235 790,802 + 88 0 0 24,750 31,546 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 August 1, 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 9 6 2 9 5 7 7 1 1 0 8 1 0 5 1 5 0 1 3 2 5 5 4 1 8 2 1 1 8 148 Securities, repurchase agreements, and loans 815,7 8 7 37,5 8 5 295,3 0 9 36,0 8 0 33,3 7 5 70,6 6 1 75,6 4 8 68,4 5 8 26,1 2 9 16,3 4 2 26,4 2 2 35,8 4 3 93,933 Securities held outright 790,8 0 2 36,4 4 5 286,3 4 7 34,9 8 5 32,3 6 2 68,5 1 7 73,3 4 5 66,3 3 0 25,2 7 5 15,7 7 8 25,5 9 9 34,7 4 5 91,074 U.S. Treasury1 790,8 0 2 36,4 4 5 286,3 4 7 34,9 8 5 32,3 6 2 68,5 1 7 73,3 4 5 66,3 3 0 25,2 7 5 15,7 7 8 25,5 9 9 34,7 4 5 91,074 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 513,7 8 4 23,6 7 8 186,0 4 0 22,7 3 0 21,0 2 6 44,5 1 5 47,6 5 2 43,0 9 5 16,4 2 1 10,2 5 1 16,6 3 2 22,5 7 4 59,170 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 24,7 5 0 1,1 4 1 8,9 6 2 1,0 9 5 1,0 1 3 2,1 4 4 2,2 9 6 2,0 7 6 7 9 1 4 9 4 8 0 1 1,0 8 7 2,850 Loans 2 3 5 0 0 0 0 0 7 5 2 6 4 7 0 2 2 1 0 9 Items in process of collection 3,2 0 7 1 4 2 1 0 1 4 4 8 3 9 4 2 6 1 2 9 0 2 4 0 7 9 1 8 0 2 9 1 2 5 5 525 Bank premises 2,0 5 3 1 1 9 2 1 5 5 6 1 5 5 1 7 4 2 3 0 2 0 6 9 8 1 1 4 2 2 5 2 6 0 200 Other assets5 39,5 1 3 1,3 3 5 12,3 4 8 3,2 7 6 2,2 5 3 7,2 7 9 3,3 8 0 2,5 9 2 8 1 0 7 4 5 8 0 3 1,0 5 5 3,637 Interdistrict settlement account 0 - 4,0 4 4 + 6,3 1 1 - 5 2 9 - 2,3 3 7 + 5 7 7 + 5,6 0 0 - 1 3 4 + 5 5 - 1,3 8 2 + 7 5 8 - 2,5 5 8 - 2,319 Total assets 874,8 9 3 35,7 3 1 319,2 6 9 39,9 4 1 34,4 8 0 80,0 7 3 86,5 8 2 72,6 0 9 27,6 2 4 16,2 7 3 28,9 8 3 35,6 8 4 97,644 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 August 1, 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 989,2 0 2 37,6 7 7 352,7 7 4 40,9 3 8 37,7 2 3 80,6 0 0 110,0 0 5 80,5 2 2 29,5 0 9 17,3 5 7 30,4 0 4 57,4 6 3 114,230 Less: notes held by F.R. Banks 212,2 4 9 5,4 1 2 67,0 9 4 7,5 8 5 8,8 4 0 15,5 3 8 31,3 2 7 14,4 8 8 3,9 3 7 3,0 6 4 3,8 5 2 25,1 3 3 25,978 Federal Reserve notes, net 776,9 5 3 32,2 6 5 285,6 8 1 33,3 5 3 28,8 8 3 65,0 6 2 78,6 7 8 66,0 3 3 25,5 7 1 14,2 9 3 26,5 5 2 32,3 3 1 88,251 Reverse repurchase agreements1 31,5 4 6 1,4 5 4 11,4 2 3 1,3 9 6 1,2 9 1 2,7 3 3 2,9 2 6 2,6 4 6 1,0 0 8 6 2 9 1,0 2 1 1,3 8 6 3,633 Deposits 22,2 4 3 6 5 5 11,4 0 0 6 2 6 1,2 1 6 2,0 7 0 1,3 0 8 1,2 9 4 3 5 5 2 3 6 4 6 7 7 8 8 1,827 Depository institutions 17,0 8 4 6 5 4 6,3 8 4 6 2 1 1,2 1 3 1,9 5 9 1,3 0 5 1,2 9 1 3 4 7 2 3 5 4 6 5 7 8 7 1,824 U.S. Treasury, general account 4,7 6 9 0 4,7 6 9 0 0 0 0 0 0 0 0 0 0 Foreign official 9 5 1 6 4 5 3 1 1 3 2 0 1 0 1 3 Other 2 9 5 0 1 8 4 0 0 1 0 0 0 1 8 0 1 0 0 Deferred availability cash items 4,6 8 9 2 8 3 1 0 6 6 4 7 5 9 4 4 7 0 5 2 7 3 1 1 9 0 3 0 8 3 4 4 3 1 3 694 Other liabilities and accrued dividends2 5,8 2 4 2 5 7 1,7 9 5 2 6 5 2 6 6 7 9 7 5 5 4 4 7 3 2 1 8 1 5 0 2 0 3 2 7 5 570 Total liabilities 841,2 5 4 34,9 1 4 310,4 0 5 36,2 8 7 32,2 5 0 71,1 3 3 83,9 9 3 70,7 5 7 27,2 4 3 15,6 1 5 28,5 8 8 35,0 9 3 94,975 Capital Capital paid in 16,6 4 9 3 8 8 4,2 9 2 1,8 0 8 1,1 0 1 4,6 7 0 1,2 3 5 8 9 7 1 7 3 3 2 2 1 8 8 2 8 1 1,294 Surplus 15,4 1 1 3 9 6 3,8 0 5 1,8 1 1 1,0 8 7 4,0 9 7 1,2 7 7 8 6 0 1 6 7 2 7 6 1 7 6 2 1 3 1,248 Other capital 1,5 7 8 3 3 7 6 7 3 5 4 2 1 7 3 7 6 9 6 4 1 6 0 3 0 9 7 127 Total liabilities and capital 874,8 9 3 35,7 3 1 319,2 6 9 39,9 4 1 34,4 8 0 80,0 7 3 86,5 8 2 72,6 0 9 27,6 2 4 16,2 7 3 28,9 8 3 35,6 8 4 97,644 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 Aug 1, 2007 Federal Reserve notes outstanding 989,202 Less: Notes held by F.R. Banks not subject to collateralization 212,249 Federal Reserve notes to be collateralized 776,953 Collateral held against Federal Reserve notes 776,953 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 763,716 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 815,552 Less: face value of securities under reverse repurchase agreements 31,594 U.S. Treasury and agency securities eligible to be pledged 783,959 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.