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 23, 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 22, 2007 Aug 15, 2007 Aug 23, 2006 Aug 22, 2007 Reserve Bank credit 851,696 - 16,068 + 26,626 849,225 Securities held outright 789,613 - 1,042 + 24,763 789,619 U.S. Treasury1 789,613 - 1,042 + 24,763 789,619 Bills2 277,019 0 0 277,019 Notes and bonds, nominal2 472,142 - 1,060 + 14,316 472,142 Notes and bonds, inflation-indexed2 35,753 0 + 9,734 35,753 Inflation compensation3 4,699 + 18 + 712 4,706 Federal agency2 0 0 0 0 Repurchase agreements4 22,607 - 13,679 + 1,071 19,000 Loans to depository institutions 1,541 + 1,270 + 1,193 2,262 Primary credit 1,200 + 1,189 + 1,193 2,001 Secondary credit 85 + 85 + 85 0 Seasonal credit 256 - 4 - 85 261 Float -755 + 288 - 485 -533 Other Federal Reserve assets 38,690 - 2,906 + 84 38,877 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,619 + 14 + 594 38,619 Total factors supplying reserve funds 903,556 - 16,055 + 27,220 901,085 Currency in circulation5 811,084 - 1,319 + 17,820 811,841 Reverse repurchase agreements6 31,351 - 6 + 3,848 29,956 Foreign official and international accounts 31,351 - 6 + 3,848 29,956 Dealers 0 0 0 0 Treasury cash holdings 280 + 21 + 121 306 Deposits with F.R. Banks, other than reserve balances 12,234 + 570 - 473 12,545 U.S. Treasury, general account 4,842 + 107 - 155 5,329 Foreign official 99 + 4 + 10 95 Service-related 6,858 + 296 - 122 6,858 Required clearing balances 6,855 + 293 - 125 6,855 Adjustments to compensate for float 3 + 3 + 3 3 Other 434 + 161 - 206 263 Other liabilities and capital 40,443 + 406 + 4,846 40,299 Total factors, other than reserve balances, absorbing reserve funds 895,392 - 328 + 26,162 894,948 Reserve balances with Federal Reserve Banks 8,164 - 15,727 + 1,058 6,138 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,986,411 - 18,410 + 316,038 1,979,224 U.S. Treasury 1,218,830 - 25,132 + 79,743 1,209,858 Federal agency 767,582 + 6,723 + 236,296 769,366 Securities lent to dealers 5,081 + 380 + 3,853 7,948 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 22, 2007 Aug 15, 2007 Aug 23, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,017 - 21 + 241 Securities, repurchase agreements, and loans 810,881 - 2,985 + 25,909 Securities held outright 789,619 + 18 + 24,764 U.S. Treasury1 789,619 + 18 + 24,764 Bills2 277,019 0 0 Notes and bonds, nominal2 472,142 0 + 14,316 Notes and bonds, inflation-indexed2 35,753 0 + 9,734 Inflation compensation3 4,706 + 18 + 714 Federal agency2 0 0 0 Repurchase agreements4 19,000 - 5,000 - 750 Loans 2,262 + 1,998 + 1,895 Items in process of collection (734) 2,655 + 147 - 1,605 Bank premises 2,068 + 1 + 191 Other assets5 36,895 + 705 + 181 Total assets (734) 866,753 - 2,151 + 24,916 Liabilities Federal Reserve notes, net of F.R. Bank holdings 774,540 - 1,249 + 17,771 Reverse repurchase agreements6 29,956 - 1,985 + 3,403 Deposits (0) 18,769 + 713 + 44 Depository institutions 13,082 + 517 - 291 U.S. Treasury, general account 5,329 + 220 + 386 Foreign official 95 - 1 + 5 Other (0) 263 - 23 - 55 Deferred availability cash items (734) 3,188 - 250 - 1,392 Other liabilities and accrued dividends7 6,030 + 63 + 778 Total liabilities (734) 832,483 - 2,707 + 20,605 Capital accounts Capital paid in 16,841 + 62 + 1,794 Surplus 15,412 0 + 2,511 Other capital accounts 2,016 + 493 + 5 Total capital 34,270 + 556 + 4,311 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 22, 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 1,653 58,660 + 7,382 0 0 19,000 29,956 16 days to 90 days 609 161,606 + 682 0 0 0 0 91 days to 1 year 0 173,254 - 1,096 0 0 . . . . . . Over 1 year to 5 years . . . 234,421 - 6,961 0 0 . . . . . . Over 5 years to 10 years . . . 75,486 + 9,426 0 0 . . . . . . Over 10 years . . . 86,192 - 9,416 0 0 . . . . . . All 2,262 789,619 + 18 0 0 19,000 29,956 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 22, 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 1 7 2 6 5 6 6 7 9 9 1 0 5 1 3 8 1 2 1 4 8 3 7 7 6 1 1 0 134 Securities, repurchase agreements, and loans 810,8 8 1 37,2 6 6 293,7 9 9 35,7 8 2 33,0 9 1 71,0 6 0 75,0 0 5 67,8 7 2 25,9 0 7 16,2 1 1 26,2 1 2 35,5 3 9 93,136 Securities held outright 789,6 1 9 36,3 9 0 285,9 1 9 34,9 3 3 32,3 1 4 68,4 1 4 73,2 3 5 66,2 3 1 25,2 3 7 15,7 5 5 25,5 6 1 34,6 9 3 90,937 U.S. Treasury1 789,6 1 9 36,3 9 0 285,9 1 9 34,9 3 3 32,3 1 4 68,4 1 4 73,2 3 5 66,2 3 1 25,2 3 7 15,7 5 5 25,5 6 1 34,6 9 3 90,937 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 512,6 0 0 23,6 2 4 185,6 1 1 22,6 7 8 20,9 7 7 44,4 1 3 47,5 4 3 42,9 9 5 16,3 8 3 10,2 2 8 16,5 9 3 22,5 2 2 59,034 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 19,0 0 0 8 7 6 6,8 8 0 8 4 1 7 7 8 1,6 4 6 1,7 6 2 1,5 9 4 6 0 7 3 7 9 6 1 5 8 3 5 2,188 Loans 2,2 6 2 0 1,0 0 0 8 0 1,0 0 0 8 4 8 6 2 7 8 3 6 1 1 11 Items in process of collection 3,3 8 9 1 5 2 - 2 4 2 8 3 3 5 7 3 3 3 2 8 5 2 5 9 6 2 1 6 9 2 6 7 2 0 0 1,046 Bank premises 2,0 6 8 1 1 9 2 1 5 5 7 1 5 5 1 7 5 2 3 0 2 0 6 1 0 0 1 1 4 2 3 4 2 6 0 203 Other assets5 36,8 9 5 1,2 1 0 11,3 3 6 3,2 7 7 2,1 4 1 7,0 7 9 3,1 1 6 2,3 6 6 7 0 3 6 8 8 7 1 2 9 3 6 3,333 Interdistrict settlement account 0 - 4,2 1 5 + 5,9 5 5 - 3 4 5 - 2,2 9 0 + 1,1 6 8 + 5,8 5 7 - 3 4 - 3 4 - 1,4 1 8 + 1,0 2 3 - 2,1 7 9 - 3,487 Total assets 867,4 8 6 35,1 2 1 316,2 6 4 39,6 5 8 34,0 8 5 80,9 3 6 85,9 1 6 71,9 0 6 27,1 8 2 16,0 3 5 28,9 2 4 35,5 7 6 95,884 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 22, 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 993,4 1 8 37,3 5 8 355,3 4 7 41,2 1 9 38,2 0 8 81,3 1 0 110,7 2 8 80,3 2 2 29,3 7 2 17,3 2 2 30,3 2 8 57,8 4 7 114,056 Less: notes held by F.R. Banks 218,8 7 8 5,5 6 5 69,9 3 3 7,8 1 7 9,1 5 3 15,4 2 7 32,3 4 3 14,8 9 8 4,1 4 2 3,2 3 8 3,8 1 9 25,4 2 1 27,121 Federal Reserve notes, net 774,5 4 0 31,7 9 3 285,4 1 3 33,4 0 2 29,0 5 5 65,8 8 4 78,3 8 5 65,4 2 3 25,2 3 1 14,0 8 4 26,5 0 8 32,4 2 6 86,935 Reverse repurchase agreements1 29,9 5 6 1,3 8 1 10,8 4 7 1,3 2 5 1,2 2 6 2,5 9 5 2,7 7 8 2,5 1 3 9 5 7 5 9 8 9 7 0 1,3 1 6 3,450 Deposits 18,7 6 9 6 1 8 8,9 4 2 5 1 1 6 2 0 2,2 2 6 1,2 3 7 1,2 5 4 3 0 5 2 3 8 5 3 1 7 0 0 1,587 Depository institutions 13,0 8 2 6 1 1 3,3 7 4 5 0 6 6 1 6 2,1 3 7 1,2 3 4 1,2 5 2 3 0 3 2 3 7 5 3 0 6 9 9 1,583 U.S. Treasury, general account 5,3 2 9 0 5,3 2 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 6 3 6 1 7 5 0 1 7 8 0 0 1 0 1 0 0 Deferred availability cash items 3,9 2 2 2 4 0 7 8 4 6 8 6 2 8 2 6 9 3 7 0 3 6 2 8 8 2 6 7 3 0 3 2 4 0 610 Other liabilities and accrued dividends2 6,0 3 0 2 6 5 1,8 5 6 2 7 8 2 7 6 8 3 5 5 5 6 4 9 1 2 2 5 1 5 9 2 0 8 2 8 7 593 Total liabilities 833,2 1 7 34,2 9 6 307,1 3 6 35,9 8 5 31,8 0 6 71,8 0 9 83,3 2 7 70,0 4 3 26,8 0 6 15,3 4 5 28,5 2 1 34,9 6 9 93,175 Capital Capital paid in 16,8 4 1 3 8 8 4,4 0 6 1,8 0 8 1,1 3 4 4,6 7 2 1,2 2 9 8 9 7 1 7 6 3 5 0 1 8 8 2 8 7 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 2,0 1 6 4 1 9 1 7 5 5 5 9 3 5 8 8 2 1 0 6 3 3 6 3 3 9 1 0 7 156 Total liabilities and capital 867,4 8 6 35,1 2 1 316,2 6 4 39,6 5 8 34,0 8 5 80,9 3 6 85,9 1 6 71,9 0 6 27,1 8 2 16,0 3 5 28,9 2 4 35,5 7 6 95,884 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 22, 2007 Federal Reserve notes outstanding 993,418 Less: Notes held by F.R. Banks not subject to collateralization 218,878 Federal Reserve notes to be collateralized 774,540 Collateral held against Federal Reserve notes 774,540 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 761,303 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 808,619 Less: face value of securities under reverse repurchase agreements 29,982 U.S. Treasury and agency securities eligible to be pledged 778,637 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.