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 September 6, 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 Sep 5, 2007 Aug 29, 2007 Sep 6, 2006 Sep 5, 2007 Reserve Bank credit 856,617 + 6,632 + 24,448 855,927 Securities held outright 779,641 - 4,989 + 12,890 779,640 U.S. Treasury1 779,641 - 4,989 + 12,890 779,640 Bills2 267,019 - 5,000 - 10,000 267,019 Notes and bonds, nominal2 472,142 0 + 12,447 472,142 Notes and bonds, inflation-indexed2 35,753 0 + 9,734 35,753 Inflation compensation3 4,728 + 11 + 709 4,727 Federal agency2 0 0 0 0 Repurchase agreements4 37,000 + 12,429 + 10,643 35,000 Loans to depository institutions 1,341 - 236 + 996 1,338 Primary credit 1,103 - 212 + 1,100 1,106 Secondary credit 0 0 0 0 Seasonal credit 238 - 24 - 103 232 Float -351 - 355 - 194 726 Other Federal Reserve assets 38,985 - 218 + 112 39,222 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,611 + 14 + 586 38,611 Total factors supplying reserve funds 908,469 + 6,646 + 25,033 907,779 Currency in circulation5 814,941 + 5,059 + 16,438 815,917 Reverse repurchase agreements6 34,931 + 4,043 + 7,880 35,098 Foreign official and international accounts 34,931 + 4,043 + 7,880 35,098 Dealers 0 0 0 0 Treasury cash holdings 331 + 22 + 159 343 Deposits with F.R. Banks, other than reserve balances 11,697 - 592 - 228 11,440 U.S. Treasury, general account 4,685 - 404 + 154 4,489 Foreign official 95 0 + 3 97 Service-related 6,614 - 239 - 177 6,614 Required clearing balances 6,614 - 239 - 177 6,614 Adjustments to compensate for float 0 0 0 0 Other 303 + 51 - 209 241 Other liabilities and capital 40,610 - 107 + 4,758 40,411 Total factors, other than reserve balances, absorbing reserve funds 902,510 + 8,425 + 29,006 903,208 Reserve balances with Federal Reserve Banks 5,959 - 1,778 - 3,973 4,571 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,980,195 + 842 + 299,823 1,981,271 U.S. Treasury 1,207,179 + 1,807 + 62,532 1,210,459 Federal agency 773,016 - 965 + 237,291 770,811 Securities lent to dealers 5,886 + 618 + 2,587 7,170 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 Sep 5, 2007 Aug 29, 2007 Sep 6, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,017 + 3 + 237 Securities, repurchase agreements, and loans 815,979 - 3,765 + 29,124 Securities held outright 779,640 - 4,997 + 12,883 U.S. Treasury1 779,640 - 4,997 + 12,883 Bills2 267,019 - 5,000 - 10,000 Notes and bonds, nominal2 472,142 0 + 12,447 Notes and bonds, inflation-indexed2 35,753 0 + 9,734 Inflation compensation3 4,727 + 4 + 702 Federal agency2 0 0 0 Repurchase agreements4 35,000 + 1,250 + 15,250 Loans 1,338 - 19 + 990 Items in process of collection (1,739) 5,496 + 2,241 - 7,294 Bank premises 2,079 + 8 + 197 Other assets5 37,244 - 206 + 275 Total assets (1,739) 875,052 - 1,719 + 22,540 Liabilities Federal Reserve notes, net of F.R. Bank holdings 778,661 + 3,475 + 16,464 Reverse repurchase agreements6 35,098 + 3,888 + 8,220 Deposits (0) 16,112 - 10,749 - 5,453 Depository institutions 11,286 - 10,306 - 5,525 U.S. Treasury, general account 4,489 - 435 + 116 Foreign official 97 + 2 - 7 Other (0) 241 - 9 - 36 Deferred availability cash items (1,739) 4,770 + 1,548 - 1,648 Other liabilities and accrued dividends7 6,066 + 60 + 727 Total liabilities (1,739) 840,707 - 1,779 + 18,310 Capital accounts Capital paid in 16,974 + 127 + 1,910 Surplus 15,424 + 1 + 2,523 Other capital accounts 1,947 - 68 - 204 Total capital 34,345 + 60 + 4,229 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, September 5, 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 543 48,105 - 9,869 0 0 35,000 35,098 16 days to 90 days 796 160,127 + 4,011 0 0 0 0 91 days to 1 year 0 172,421 - 2,009 0 0 . . . . . . Over 1 year to 5 years . . . 237,297 + 2,869 0 0 . . . . . . Over 5 years to 10 years . . . 75,489 0 0 0 . . . . . . Over 10 years . . . 86,201 + 1 0 0 . . . . . . All 1,338 779,640 - 4,997 0 0 35,000 35,098 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 September 5, 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 7 6 7 9 5 1 1 0 1 4 2 1 1 8 4 5 3 7 7 6 1 0 8 135 Securities, repurchase agreements, and loans 815,9 7 9 37,5 4 4 295,5 3 4 36,0 4 9 33,3 3 8 71,1 3 2 75,5 6 0 68,3 7 7 26,0 9 3 16,3 1 1 26,4 1 3 35,8 0 4 93,824 Securities held outright 779,6 4 0 35,9 3 0 282,3 0 6 34,4 9 2 31,9 0 5 67,5 5 0 72,3 1 0 65,3 9 4 24,9 1 8 15,5 5 6 25,2 3 8 34,2 5 5 89,788 U.S. Treasury1 779,6 4 0 35,9 3 0 282,3 0 6 34,4 9 2 31,9 0 5 67,5 5 0 72,3 1 0 65,3 9 4 24,9 1 8 15,5 5 6 25,2 3 8 34,2 5 5 89,788 Bills2 267,0 1 9 12,3 0 6 96,6 8 7 11,8 1 3 10,9 2 7 23,1 3 5 24,7 6 5 22,3 9 7 8,5 3 4 5,3 2 8 8,6 4 4 11,7 3 2 30,752 Notes and bonds3 512,6 2 1 23,6 2 5 185,6 1 9 22,6 7 9 20,9 7 8 44,4 1 5 47,5 4 5 42,9 9 7 16,3 8 4 10,2 2 8 16,5 9 4 22,5 2 3 59,037 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 35,0 0 0 1,6 1 3 12,6 7 3 1,5 4 8 1,4 3 2 3,0 3 2 3,2 4 6 2,9 3 6 1,1 1 9 6 9 8 1,1 3 3 1,5 3 8 4,031 Loans 1,3 3 8 0 5 5 5 9 0 5 5 0 4 4 7 5 6 5 8 4 2 1 1 5 Items in process of collection 7,2 3 5 3 5 7 1 5 9 7 7 1 8 3 1 4 0 2 7 3 1 6 9 3 5 1 8 5 8 8 4 7 9 6 0 2 1,105 Bank premises 2,0 7 9 1 1 9 2 1 7 5 7 1 5 5 1 7 6 2 3 0 2 0 6 9 9 1 1 4 2 4 4 2 5 9 204 Other assets5 37,2 4 4 1,2 2 2 11,4 3 5 3,2 9 8 2,1 5 9 7,1 2 0 3,1 7 1 2,3 9 3 7 1 9 6 9 4 7 2 2 9 4 5 3,367 Interdistrict settlement account 0 - 3,9 7 5 + 4,4 2 9 - 2 0 5 - 2,1 5 1 + 2,9 6 2 + 4,9 9 1 - 1 1 0 - 1 9 8 - 1,6 5 0 + 9 3 5 - 2,5 1 0 - 2,518 Total assets 876,7 9 1 35,8 5 8 316,7 5 7 40,5 7 5 34,9 5 8 82,9 1 8 86,1 0 8 72,7 9 1 27,6 7 4 16,3 2 7 29,2 7 0 35,9 1 9 97,637 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 September 5, 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 996,1 0 9 37,2 8 7 358,6 1 0 41,1 3 6 38,2 4 1 81,5 1 6 110,6 2 8 80,1 6 1 29,2 8 7 17,2 8 8 30,2 6 8 57,7 9 4 113,893 Less: notes held by F.R. Banks 217,4 4 7 5,4 2 6 71,6 6 6 7,7 3 6 8,7 1 5 14,5 9 8 32,9 2 1 14,3 8 7 3,8 1 2 3,1 7 5 3,5 5 5 25,4 9 1 25,966 Federal Reserve notes, net 778,6 6 1 31,8 6 1 286,9 4 5 33,4 0 0 29,5 2 6 66,9 1 8 77,7 0 8 65,7 7 4 25,4 7 5 14,1 1 2 26,7 1 2 32,3 0 3 87,927 Reverse repurchase agreements1 35,0 9 8 1,6 1 8 12,7 0 9 1,5 5 3 1,4 3 6 3,0 4 1 3,2 5 5 2,9 4 4 1,1 2 2 7 0 0 1,1 3 6 1,5 4 2 4,042 Deposits 16,1 1 2 4 6 6 6,0 8 6 8 3 0 8 1 3 2,4 0 0 1,3 2 9 1,0 9 1 3 0 8 2 2 7 3 9 6 6 3 3 1,534 Depository institutions 11,2 8 6 4 5 8 1,3 6 5 8 2 5 8 1 0 2,3 2 5 1,3 2 6 1,0 8 8 3 0 7 2 2 6 3 9 4 6 3 2 1,531 U.S. Treasury, general account 4,4 8 9 0 4,4 8 9 0 0 0 0 0 0 0 0 0 0 Foreign official 9 7 1 6 6 5 3 1 1 3 2 0 1 0 1 3 Other 2 4 1 7 1 6 6 0 0 6 5 0 0 1 0 1 0 0 Deferred availability cash items 6,5 0 9 3 7 5 2 4 7 8 6 8 8 3 5 4 4 1 6 7 8 6 4 9 1 7 0 4 1 7 4 0 9 5 5 6 865 Other liabilities and accrued dividends2 6,0 6 6 2 7 1 1,8 4 2 2 7 9 2 7 4 8 6 5 5 7 8 4 8 5 2 2 5 1 5 4 2 1 9 2 8 4 590 Total liabilities 842,4 4 6 34,5 9 0 307,8 2 8 36,9 3 0 32,8 8 4 73,6 6 6 83,5 4 7 70,9 4 3 27,3 0 0 15,6 1 0 28,8 7 2 35,3 1 8 94,957 Capital Capital paid in 16,9 7 4 8 4 7 4,2 8 8 1,8 0 8 9 1 7 4,6 7 6 1,2 3 0 8 9 7 1 7 6 3 5 3 1 8 9 2 8 7 1,306 Surplus 15,4 2 4 3 9 6 3,8 1 6 1,8 1 1 1,0 8 7 4,0 9 8 1,2 7 7 8 6 0 1 6 7 2 7 6 1 7 6 2 1 4 1,248 Other capital 1,9 4 7 2 5 8 2 5 2 5 7 0 4 8 0 5 4 9 1 3 2 8 7 3 3 9 9 126 Total liabilities and capital 876,7 9 1 35,8 5 8 316,7 5 7 40,5 7 5 34,9 5 8 82,9 1 8 86,1 0 8 72,7 9 1 27,6 7 4 16,3 2 7 29,2 7 0 35,9 1 9 97,637 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 Sep 5, 2007 Federal Reserve notes outstanding 996,109 Less: Notes held by F.R. Banks not subject to collateralization 217,447 Federal Reserve notes to be collateralized 778,661 Collateral held against Federal Reserve notes 778,661 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 765,425 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 814,640 Less: face value of securities under reverse repurchase agreements 35,153 U.S. Treasury and agency securities eligible to be pledged 779,488 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.