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 16, 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 15, 2007 Aug 8, 2007 Aug 16, 2006 Aug 15, 2007 Reserve Bank credit 867,778 + 17,223 + 38,904 851,086 Securities held outright 790,655 - 159 + 25,818 789,601 U.S. Treasury1 790,655 - 159 + 25,818 789,601 Bills2 277,019 0 0 277,019 Notes and bonds, nominal2 473,202 - 176 + 15,376 472,142 Notes and bonds, inflation-indexed2 35,753 0 + 9,734 35,753 Inflation compensation3 4,681 + 17 + 707 4,688 Federal agency2 0 0 0 0 Repurchase agreements4 36,286 + 17,715 + 12,857 24,000 Loans to depository institutions 271 + 20 - 76 264 Primary credit 11 + 10 + 3 4 Secondary credit 0 0 0 0 Seasonal credit 260 + 11 - 79 260 Float -1,034 - 146 - 677 -930 Other Federal Reserve assets 41,601 - 206 + 982 38,151 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,605 + 14 + 580 38,605 Total factors supplying reserve funds 919,625 + 17,237 + 39,485 902,933 Currency in circulation5 812,403 - 648 + 17,985 813,085 Reverse repurchase agreements6 31,357 - 290 + 2,464 31,941 Foreign official and international accounts 31,357 - 290 + 2,464 31,941 Dealers 0 0 0 0 Treasury cash holdings 259 + 14 + 99 276 Deposits with F.R. Banks, other than reserve balances 11,664 - 296 - 657 12,053 U.S. Treasury, general account 4,735 - 263 - 12 5,109 Foreign official 95 + 1 + 6 96 Service-related 6,562 0 - 639 6,562 Required clearing balances 6,562 0 - 639 6,562 Adjustments to compensate for float 0 0 0 0 Other 273 - 33 - 12 286 Other liabilities and capital 40,037 0 + 4,656 39,681 Total factors, other than reserve balances, absorbing reserve funds 895,720 - 1,221 + 24,548 897,036 Reserve balances with Federal Reserve Banks 23,905 + 18,458 + 14,937 5,897 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 2,004,821 - 1,605 + 337,613 1,989,780 U.S. Treasury 1,243,962 - 3,857 + 106,098 1,224,038 Federal agency 760,859 + 2,252 + 231,515 765,742 Securities lent to dealers 4,701 + 1,214 + 2,223 11,118 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 15, 2007 Aug 8, 2007 Aug 16, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,038 - 24 + 269 Securities, repurchase agreements, and loans 813,866 + 4,041 + 23,413 Securities held outright 789,601 - 1,219 + 24,759 U.S. Treasury1 789,601 - 1,219 + 24,759 Bills2 277,019 0 0 Notes and bonds, nominal2 472,142 - 1,236 + 14,316 Notes and bonds, inflation-indexed2 35,753 0 + 9,734 Inflation compensation3 4,688 + 18 + 709 Federal agency2 0 0 0 Repurchase agreements4 24,000 + 5,250 - 1,250 Loans 264 + 9 - 97 Items in process of collection (790) 2,508 - 619 - 1,505 Bank premises 2,067 + 4 + 197 Other assets5 36,190 - 3,804 - 181 Total assets (790) 868,904 - 405 + 22,191 Liabilities Federal Reserve notes, net of F.R. Bank holdings 775,789 - 1,561 + 17,462 Reverse repurchase agreements6 31,941 + 1,809 + 4,432 Deposits (0) 18,056 - 438 - 2,866 Depository institutions 12,565 - 891 - 3,548 U.S. Treasury, general account 5,109 + 439 + 666 Foreign official 96 + 2 + 8 Other (0) 286 + 12 + 9 Deferred availability cash items (790) 3,438 - 312 - 1,367 Other liabilities and accrued dividends7 5,967 + 62 + 787 Total liabilities (790) 835,190 - 441 + 18,447 Capital accounts Capital paid in 16,779 + 119 + 1,749 Surplus 15,412 0 + 2,511 Other capital accounts 1,523 - 84 - 516 Total capital 33,714 + 36 + 3,744 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 15, 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 49 51,278 - 13,493 0 0 24,000 31,941 16 days to 90 days 215 160,924 - 1,510 0 0 0 0 91 days to 1 year 0 174,350 + 1,923 0 0 . . . . . . Over 1 year to 5 years . . . 241,382 + 3,303 0 0 . . . . . . Over 5 years to 10 years . . . 66,060 - 3,293 0 0 . . . . . . Over 10 years . . . 95,608 + 11,853 0 0 . . . . . . All 264 789,601 - 1,219 0 0 24,000 31,941 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 15, 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 3 8 2 8 5 4 6 7 1 0 2 1 0 5 1 4 3 1 2 2 5 1 3 9 7 7 1 1 0 139 Securities, repurchase agreements, and loans 813,8 6 6 37,4 9 5 294,6 0 3 36,0 0 1 33,2 9 5 70,4 9 2 75,4 6 5 68,2 8 9 26,0 7 2 16,3 1 9 26,3 6 4 35,7 6 1 93,709 Securities held outright 789,6 0 1 36,3 8 9 285,9 1 2 34,9 3 2 32,3 1 3 68,4 1 3 73,2 3 4 66,2 2 9 25,2 3 6 15,7 5 4 25,5 6 0 34,6 9 2 90,935 U.S. Treasury1 789,6 0 1 36,3 8 9 285,9 1 2 34,9 3 2 32,3 1 3 68,4 1 3 73,2 3 4 66,2 2 9 25,2 3 6 15,7 5 4 25,5 6 0 34,6 9 2 90,935 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 512,5 8 3 23,6 2 3 185,6 0 5 22,6 7 7 20,9 7 7 44,4 1 1 47,5 4 1 42,9 9 4 16,3 8 3 10,2 2 7 16,5 9 3 22,5 2 1 59,032 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 24,0 0 0 1,1 0 6 8,6 9 0 1,0 6 2 9 8 2 2,0 7 9 2,2 2 6 2,0 1 3 7 6 7 4 7 9 7 7 7 1,0 5 4 2,764 Loans 2 6 4 0 0 7 0 0 5 4 7 6 9 8 6 2 7 1 4 9 Items in process of collection 3,2 9 7 1 3 3 4 5 2 5 6 2 9 7 1 6 0 5 0 6 2 4 5 1 7 2 1 4 1 3 0 0 3 0 0 743 Bank premises 2,0 6 7 1 1 8 2 1 5 5 7 1 5 5 1 7 4 2 3 0 2 0 6 1 0 0 1 1 4 2 3 4 2 6 0 203 Other assets5 36,1 9 0 1,1 8 8 11,1 4 2 3,1 2 9 2,1 1 8 6,9 8 6 3,0 4 3 2,3 2 0 7 0 8 6 8 1 6 9 6 9 1 5 3,265 Interdistrict settlement account 0 - 4,2 6 3 + 5,8 5 3 - 1 0 4 - 2,5 9 5 + 2,6 4 2 + 5,2 5 5 - 1 0 4 - 2 - 1,3 0 1 + 9 0 1 - 2,9 3 1 - 3,351 Total assets 869,6 9 4 35,2 6 3 316,8 4 0 39,9 4 3 33,9 0 5 81,5 7 5 85,9 2 5 72,1 9 3 27,4 9 8 16,2 2 5 28,9 7 3 35,1 2 6 96,227 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 15, 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 991,9 9 2 37,5 7 1 354,5 3 7 41,3 2 2 38,0 9 6 81,1 1 1 110,0 9 9 80,6 1 3 29,4 2 0 17,3 9 2 30,4 3 7 57,3 7 9 114,015 Less: notes held by F.R. Banks 216,2 0 4 5,5 6 9 68,7 9 0 7,6 7 7 9,1 2 2 15,4 7 9 31,8 5 4 14,7 2 9 3,9 0 8 3,1 3 7 3,7 8 7 25,4 5 0 26,701 Federal Reserve notes, net 775,7 8 9 32,0 0 2 285,7 4 7 33,6 4 4 28,9 7 4 65,6 3 3 78,2 4 4 65,8 8 4 25,5 1 3 14,2 5 5 26,6 5 0 31,9 2 9 87,314 Reverse repurchase agreements1 31,9 4 1 1,4 7 2 11,5 6 6 1,4 1 3 1,3 0 7 2,7 6 7 2,9 6 2 2,6 7 9 1,0 2 1 6 3 7 1,0 3 4 1,4 0 3 3,679 Deposits 18,0 5 6 4 7 3 8,6 7 2 4 5 7 5 0 9 2,9 8 8 1,1 9 4 9 8 6 2 5 9 2 4 8 4 0 5 5 8 8 1,276 Depository institutions 12,5 6 5 4 6 0 3,3 1 7 4 5 2 5 0 5 2,8 9 2 1,1 9 0 9 8 3 2 5 5 2 4 7 4 0 4 5 8 7 1,273 U.S. Treasury, general account 5,1 0 9 0 5,1 0 9 0 0 0 0 0 0 0 0 0 0 Foreign official 9 6 1 6 6 5 3 1 1 3 2 0 1 0 1 3 Other 2 8 6 1 2 1 8 0 0 1 8 6 0 0 4 0 1 0 0 Deferred availability cash items 4,2 2 8 2 4 1 8 7 5 2 0 6 1 4 3 4 5 4 2 6 3 1 4 1 0 9 2 7 5 2 7 7 3 2 3 697 Other liabilities and accrued dividends2 5,9 6 7 2 6 3 1,8 4 5 2 7 4 2 7 2 8 2 2 5 3 9 4 8 7 2 2 3 1 5 6 2 0 8 2 8 6 591 Total liabilities 835,9 8 0 34,4 5 2 307,9 1 7 36,3 0 8 31,6 7 6 72,5 5 5 83,3 6 6 70,3 4 9 27,1 2 6 15,5 7 1 28,5 7 4 34,5 3 0 93,557 Capital Capital paid in 16,7 7 9 3 8 8 4,4 0 5 1,8 0 8 1,1 0 1 4,6 7 2 1,2 3 0 8 9 7 1 7 6 3 2 2 1 8 8 2 8 6 1,306 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 1,5 2 3 2 8 7 1 2 1 7 4 1 2 5 1 5 3 8 8 3 0 5 6 3 5 9 6 117 Total liabilities and capital 869,6 9 4 35,2 6 3 316,8 4 0 39,9 4 3 33,9 0 5 81,5 7 5 85,9 2 5 72,1 9 3 27,4 9 8 16,2 2 5 28,9 7 3 35,1 2 6 96,227 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 15, 2007 Federal Reserve notes outstanding 991,992 Less: Notes held by F.R. Banks not subject to collateralization 216,204 Federal Reserve notes to be collateralized 775,789 Collateral held against Federal Reserve notes 775,789 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 762,552 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 813,601 Less: face value of securities under reverse repurchase agreements 31,983 U.S. Treasury and agency securities eligible to be pledged 781,618 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.