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 9, 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 8, 2007 Aug 1, 2007 Aug 9, 2006 Aug 8, 2007 Reserve Bank credit 850,555 - 7,047 + 25,243 851,160 Securities held outright 790,814 + 56 + 25,990 790,820 U.S. Treasury1 790,814 + 56 + 25,990 790,820 Bills2 277,019 0 0 277,019 Notes and bonds, nominal2 473,378 - 925 + 15,552 473,378 Notes and bonds, inflation-indexed2 35,753 + 925 + 9,734 35,753 Inflation compensation3 4,664 + 55 + 703 4,670 Federal agency2 0 0 0 0 Repurchase agreements4 18,571 - 7,215 - 358 18,750 Loans to depository institutions 251 0 - 90 255 Primary credit 1 - 1 - 8 0 Secondary credit 0 0 0 0 Seasonal credit 249 0 - 82 255 Float -887 - 29 - 170 -622 Other Federal Reserve assets 41,807 + 142 - 129 41,957 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,591 + 14 + 565 38,591 Total factors supplying reserve funds 902,388 - 7,033 + 25,809 902,993 Currency in circulation5 813,051 + 633 + 19,021 814,626 Reverse repurchase agreements6 31,647 - 1,688 + 3,203 30,132 Foreign official and international accounts 31,647 - 1,688 + 3,203 30,132 Dealers 0 0 0 0 Treasury cash holdings 245 - 47 + 88 257 Deposits with F.R. Banks, other than reserve balances 11,960 + 241 - 265 11,601 U.S. Treasury, general account 4,998 + 124 + 355 4,670 Foreign official 94 - 2 + 4 94 Service-related 6,562 + 99 - 644 6,562 Required clearing balances 6,562 + 99 - 641 6,562 Adjustments to compensate for float 0 0 - 3 0 Other 306 + 19 + 20 274 Other liabilities and capital 40,037 + 558 + 4,438 39,583 Total factors, other than reserve balances, absorbing reserve funds 896,941 - 303 + 26,487 896,199 Reserve balances with Federal Reserve Banks 5,447 - 6,730 - 677 6,794 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 2,006,426 - 3,524 + 344,108 2,006,849 U.S. Treasury 1,247,819 - 4,357 + 113,506 1,246,184 Federal agency 758,607 + 834 + 230,602 760,665 Securities lent to dealers 3,487 - 2,597 + 591 8,540 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 8, 2007 Aug 1, 2007 Aug 9, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,062 - 34 + 298 Securities, repurchase agreements, and loans 809,825 - 5,962 + 27,136 Securities held outright 790,820 + 18 + 25,992 U.S. Treasury1 790,820 + 18 + 25,992 Bills2 277,019 0 0 Notes and bonds, nominal2 473,378 0 + 15,552 Notes and bonds, inflation-indexed2 35,753 0 + 9,734 Inflation compensation3 4,670 + 17 + 704 Federal agency2 0 0 0 Repurchase agreements4 18,750 - 6,000 + 1,250 Loans 255 + 20 - 105 Items in process of collection (841) 3,127 + 701 - 2,136 Bank premises 2,063 + 10 + 196 Other assets5 39,994 + 481 + 132 Total assets (841) 869,309 - 4,803 + 25,627 Liabilities Federal Reserve notes, net of F.R. Bank holdings 777,350 + 397 + 18,627 Reverse repurchase agreements6 30,132 - 1,414 + 2,272 Deposits (0) 18,494 - 3,749 + 1,180 Depository institutions 13,456 - 3,628 - 595 U.S. Treasury, general account 4,670 - 99 + 1,763 Foreign official 94 - 1 + 6 Other (0) 274 - 21 + 6 Deferred availability cash items (841) 3,750 - 158 - 993 Other liabilities and accrued dividends7 5,905 + 81 + 858 Total liabilities (841) 835,631 - 4,843 + 21,944 Capital accounts Capital paid in 16,660 + 11 + 1,644 Surplus 15,412 + 1 + 2,511 Other capital accounts 1,607 + 29 - 470 Total capital 33,678 + 40 + 3,683 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 8, 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 29 64,771 + 461 0 0 18,750 30,132 16 days to 90 days 226 162,434 + 5,424 0 0 0 0 91 days to 1 year 0 172,427 - 5,886 0 0 . . . . . . Over 1 year to 5 years . . . 238,079 + 6 0 0 . . . . . . Over 5 years to 10 years . . . 69,353 + 3 0 0 . . . . . . Over 10 years . . . 83,755 + 7 0 0 . . . . . . All 255 790,820 + 18 0 0 18,750 30,132 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 8, 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 6 2 3 0 5 5 6 8 1 0 7 1 0 8 1 4 4 1 2 3 5 2 3 9 7 9 1 1 4 142 Securities, repurchase agreements, and loans 809,8 2 5 37,3 1 0 293,1 4 3 35,8 2 0 33,1 3 0 70,1 4 3 75,0 9 1 67,9 6 0 25,9 3 9 16,2 3 6 26,2 3 3 35,5 7 9 93,243 Securities held outright 790,8 2 0 36,4 4 6 286,3 5 4 34,9 8 6 32,3 6 3 68,5 1 8 73,3 4 7 66,3 3 1 25,2 7 5 15,7 7 9 25,6 0 0 34,7 4 6 91,076 U.S. Treasury1 790,8 2 0 36,4 4 6 286,3 5 4 34,9 8 6 32,3 6 3 68,5 1 8 73,3 4 7 66,3 3 1 25,2 7 5 15,7 7 9 25,6 0 0 34,7 4 6 91,076 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 513,8 0 1 23,6 7 9 186,0 4 6 22,7 3 1 21,0 2 6 44,5 1 7 47,6 5 4 43,0 9 6 16,4 2 2 10,2 5 1 16,6 3 2 22,5 7 5 59,172 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 5 5 0 0 4 0 0 5 5 5 6 4 8 4 2 6 9 8 Items in process of collection 3,9 6 8 1 4 7 1 6 0 3 9 9 5 5 5 2 3 1 3 5 8 2 8 0 1 0 0 1 9 6 3 1 0 4 3 0 801 Bank premises 2,0 6 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 3 4 2 6 0 200 Other assets5 39,9 9 4 1,3 5 7 12,4 8 2 3,3 0 4 2,2 7 2 7,3 3 4 3,4 3 7 2,6 3 3 8 2 5 7 5 9 8 1 9 1,0 7 7 3,694 Interdistrict settlement account 0 - 4,2 6 1 + 5,8 9 6 - 3 4 0 - 2,5 1 3 + 1,3 5 8 + 5,7 9 0 - 3 4 8 + 1 0 0 - 1,3 0 5 + 8 6 0 - 2,8 0 4 - 2,433 Total assets 870,1 5 0 35,2 6 6 316,8 7 9 39,8 4 5 34,2 3 8 80,3 6 5 86,3 3 4 71,9 7 0 27,5 1 1 16,2 7 2 28,9 3 6 35,3 6 7 97,168 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 8, 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 990,8 7 8 37,6 2 8 353,7 7 8 41,0 9 8 37,8 8 6 80,8 8 9 110,1 8 0 80,5 2 5 29,4 7 1 17,3 7 4 30,4 7 5 57,3 9 1 114,184 Less: notes held by F.R. Banks 213,5 2 9 5,6 4 1 67,8 3 4 7,5 8 2 8,8 4 9 15,4 8 1 31,3 5 4 14,5 4 5 3,9 0 2 3,1 3 6 3,8 4 9 25,2 3 2 26,123 Federal Reserve notes, net 777,3 5 0 31,9 8 7 285,9 4 4 33,5 1 6 29,0 3 7 65,4 0 8 78,8 2 5 65,9 8 0 25,5 6 9 14,2 3 9 26,6 2 5 32,1 5 9 88,061 Reverse repurchase agreements1 30,1 3 2 1,3 8 9 10,9 1 1 1,3 3 3 1,2 3 3 2,6 1 1 2,7 9 5 2,5 2 7 9 6 3 6 0 1 9 7 5 1,3 2 4 3,470 Deposits 18,4 9 4 5 4 2 9,2 5 7 4 5 2 7 6 5 2,2 1 8 1,1 2 8 7 8 5 2 9 3 3 0 8 4 4 3 6 9 5 1,608 Depository institutions 13,4 5 6 5 4 1 4,3 4 5 4 4 7 7 6 2 2,1 1 9 1,1 2 5 7 8 2 2 8 8 3 0 8 4 4 1 6 9 4 1,605 U.S. Treasury, general account 4,6 7 0 0 4,6 7 0 0 0 0 0 0 0 0 0 0 0 Foreign official 9 4 1 6 4 5 3 1 1 3 2 0 1 0 1 3 Other 2 7 4 0 1 7 8 0 0 8 9 0 0 5 0 1 0 0 Deferred availability cash items 4,5 9 1 2 7 3 1 0 9 6 2 0 7 0 5 3 1 1 4 3 8 3 4 5 9 6 3 1 1 2 8 8 3 1 4 780 Other liabilities and accrued dividends2 5,9 0 5 2 6 0 1,8 0 7 2 7 0 2 7 0 8 1 3 5 7 2 4 8 0 2 1 8 1 5 5 2 0 4 2 7 9 577 Total liabilities 836,4 7 2 34,4 5 0 308,0 2 8 36,1 9 1 32,0 1 0 71,3 6 1 83,7 5 8 70,1 1 7 27,1 4 0 15,6 1 5 28,5 3 6 34,7 7 1 94,496 Capital Capital paid in 16,6 6 0 3 8 8 4,2 9 5 1,8 0 8 1,1 0 1 4,6 7 0 1,2 3 5 8 9 7 1 7 6 3 2 2 1 8 8 2 8 5 1,295 Surplus 15,4 1 2 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 4 1,248 Other capital 1,6 0 7 3 2 7 5 2 3 5 4 0 2 3 6 6 3 9 6 3 0 6 0 3 5 9 7 129 Total liabilities and capital 870,1 5 0 35,2 6 6 316,8 7 9 39,8 4 5 34,2 3 8 80,3 6 5 86,3 3 4 71,9 7 0 27,5 1 1 16,2 7 2 28,9 3 6 35,3 6 7 97,168 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 8, 2007 Federal Reserve notes outstanding 990,878 Less: Notes held by F.R. Banks not subject to collateralization 213,529 Federal Reserve notes to be collateralized 777,350 Collateral held against Federal Reserve notes 777,350 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 764,113 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 809,570 Less: face value of securities under reverse repurchase agreements 30,179 U.S. Treasury and agency securities eligible to be pledged 779,391 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.