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 13, 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 12, 2007 Sep 5, 2007 Sep 13, 2006 Sep 12, 2007 Reserve Bank credit 857,247 + 630 + 30,862 872,691 Securities held outright 779,639 - 2 + 12,348 779,638 U.S. Treasury1 779,639 - 2 + 12,348 779,638 Bills2 267,019 0 - 10,000 267,019 Notes and bonds, nominal2 472,142 0 + 11,926 472,142 Notes and bonds, inflation-indexed2 35,753 0 + 9,734 35,753 Inflation compensation3 4,725 - 3 + 687 4,724 Federal agency2 0 0 0 0 Repurchase agreements4 33,357 - 3,643 + 15,107 45,000 Loans to depository institutions 3,158 + 1,817 + 2,574 7,386 Primary credit 2,932 + 1,829 + 2,688 7,152 Secondary credit 0 0 0 0 Seasonal credit 226 - 12 - 114 234 Float 1,350 + 1,701 + 97 618 Other Federal Reserve assets 39,743 + 758 + 736 40,050 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,625 + 14 + 585 38,625 Total factors supplying reserve funds 909,113 + 644 + 31,447 924,557 Currency in circulation5 812,951 - 1,990 + 16,820 812,647 Reverse repurchase agreements6 34,291 - 640 + 7,202 33,490 Foreign official and international accounts 34,291 - 640 + 7,202 33,490 Dealers 0 0 0 0 Treasury cash holdings 342 + 11 + 166 340 Deposits with F.R. Banks, other than reserve balances 11,730 + 33 - 163 12,151 U.S. Treasury, general account 4,755 + 70 + 6 5,188 Foreign official 97 + 2 + 2 97 Service-related 6,612 - 2 - 175 6,612 Required clearing balances 6,612 - 2 - 175 6,612 Adjustments to compensate for float 0 0 0 0 Other 265 - 38 + 3 254 Other liabilities and capital 41,064 + 454 + 5,220 40,693 Total factors, other than reserve balances, absorbing reserve funds 900,378 - 2,132 + 29,246 899,322 Reserve balances with Federal Reserve Banks 8,735 + 2,776 + 2,201 25,236 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,981,321 + 1,126 + 299,191 1,977,916 U.S. Treasury 1,207,142 - 37 + 59,493 1,203,489 Federal agency 774,180 + 1,164 + 239,699 774,427 Securities lent to dealers 5,519 - 367 + 1,623 3,258 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 12, 2007 Sep 5, 2007 Sep 13, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,049 + 32 + 240 Securities, repurchase agreements, and loans 832,023 + 16,044 + 45,126 Securities held outright 779,638 - 2 + 10,764 U.S. Treasury1 779,638 - 2 + 10,764 Bills2 267,019 0 - 10,000 Notes and bonds, nominal2 472,142 0 + 10,351 Notes and bonds, inflation-indexed2 35,753 0 + 9,734 Inflation compensation3 4,724 - 3 + 678 Federal agency2 0 0 0 Repurchase agreements4 45,000 + 10,000 + 29,000 Loans 7,386 + 6,048 + 5,363 Items in process of collection (919) 3,744 - 1,752 - 994 Bank premises 2,082 + 3 + 196 Other assets5 38,071 + 827 + 760 Total assets (919) 890,206 + 15,154 + 45,328 Liabilities Federal Reserve notes, net of F.R. Bank holdings 775,407 - 3,254 + 16,865 Reverse repurchase agreements6 33,490 - 1,608 + 6,567 Deposits (0) 37,220 + 21,108 + 18,058 Depository institutions 31,681 + 20,395 + 17,569 U.S. Treasury, general account 5,188 + 699 + 498 Foreign official 97 0 + 4 Other (0) 254 + 13 - 12 Deferred availability cash items (919) 3,396 - 1,374 - 1,309 Other liabilities and accrued dividends7 6,088 + 22 + 624 Total liabilities (919) 855,601 + 14,894 + 40,806 Capital accounts Capital paid in 16,974 0 + 1,906 Surplus 15,424 0 + 2,523 Other capital accounts 2,207 + 260 + 93 Total capital 34,605 + 260 + 4,522 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 12, 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 6,181 45,070 - 3,035 0 0 45,000 33,490 16 days to 90 days 1,204 162,887 + 2,760 0 0 0 0 91 days to 1 year 0 172,696 + 275 0 0 . . . . . . Over 1 year to 5 years . . . 237,296 - 1 0 0 . . . . . . Over 5 years to 10 years . . . 75,489 0 0 0 . . . . . . Over 10 years . . . 86,200 - 1 0 0 . . . . . . All 7,386 779,638 - 2 0 0 45,000 33,490 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 12, 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 4 9 2 7 6 2 6 8 9 6 1 1 1 1 4 8 1 1 9 4 5 4 0 8 1 1 1 4 138 Securities, repurchase agreements, and loans 832,0 2 3 38,0 0 4 303,5 2 9 36,4 9 1 35,3 6 2 71,9 9 8 76,4 8 5 69,2 1 7 26,4 0 3 16,5 2 4 26,7 4 2 36,2 8 4 94,984 Securities held outright 779,6 3 8 35,9 3 0 282,3 0 5 34,4 9 1 31,9 0 5 67,5 4 9 72,3 1 0 65,3 9 4 24,9 1 8 15,5 5 5 25,2 3 8 34,2 5 5 89,788 U.S. Treasury1 779,6 3 8 35,9 3 0 282,3 0 5 34,4 9 1 31,9 0 5 67,5 4 9 72,3 1 0 65,3 9 4 24,9 1 8 15,5 5 5 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 1 9 23,6 2 4 185,6 1 8 22,6 7 8 20,9 7 8 44,4 1 4 47,5 4 4 42,9 9 7 16,3 8 4 10,2 2 8 16,5 9 4 22,5 2 3 59,036 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 45,0 0 0 2,0 7 4 16,2 9 4 1,9 9 1 1,8 4 2 3,8 9 9 4,1 7 4 3,7 7 4 1,4 3 8 8 9 8 1,4 5 7 1,9 7 7 5,182 Loans 7,3 8 6 0 4,9 3 0 9 1,6 1 5 5 5 0 2 4 9 4 7 7 1 4 8 5 2 13 Items in process of collection 4,6 6 4 1 4 3 5 6 4 6 8 4 2 0 3 4 5 6 2 2 3 7 6 7 1 1 2 2 6 2 5 7 2 5 9 778 Bank premises 2,0 8 2 1 1 9 2 1 7 5 7 1 5 5 1 7 6 2 3 0 2 0 6 1 0 2 1 1 4 2 4 4 2 5 9 204 Other assets5 38,0 7 1 1,2 4 7 11,6 7 4 3,3 4 9 2,1 9 6 7,2 4 0 3,2 5 3 2,4 4 5 8 2 3 7 0 5 7 3 5 9 6 7 3,438 Interdistrict settlement account 0 - 4,1 0 2 +14,2 7 0 - 8 1 4 - 4,3 9 4 + 1,8 5 0 + 3,3 9 2 - 1,0 4 0 - 1,0 8 2 - 7 2 6 + 5 1 5 - 3,4 9 1 - 4,378 Total assets 891,1 2 6 36,0 0 3 334,7 3 5 40,1 5 8 34,3 6 6 82,7 3 7 85,4 1 2 72,4 3 8 27,4 0 0 17,1 1 7 28,9 7 5 35,1 0 3 96,684 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 12, 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 997,6 7 7 37,2 5 7 360,7 3 3 41,0 7 0 38,1 8 4 81,6 0 0 110,5 8 3 80,1 3 0 29,2 6 1 17,2 7 0 30,2 4 1 57,6 5 9 113,689 Less: notes held by F.R. Banks 222,2 7 0 5,7 1 8 72,9 5 0 7,9 7 2 8,8 7 0 14,8 6 2 33,7 0 6 14,6 3 1 4,0 3 7 3,1 8 2 3,6 8 0 25,8 5 2 26,810 Federal Reserve notes, net 775,4 0 7 31,5 3 9 287,7 8 3 33,0 9 8 29,3 1 4 66,7 3 8 76,8 7 7 65,4 9 9 25,2 2 4 14,0 8 9 26,5 6 1 31,8 0 8 86,878 Reverse repurchase agreements1 33,4 9 0 1,5 4 3 12,1 2 7 1,4 8 2 1,3 7 1 2,9 0 2 3,1 0 6 2,8 0 9 1,0 7 0 6 6 8 1,0 8 4 1,4 7 1 3,857 Deposits 37,2 2 0 1,0 9 8 23,9 7 0 1,0 5 1 7 9 1 2,5 3 7 1,8 1 3 1,4 0 3 3 6 5 1,1 6 7 4 0 6 6 7 4 1,945 Depository institutions 31,6 8 1 1,0 9 6 18,5 5 8 1,0 4 6 7 8 6 2,4 6 5 1,8 0 9 1,4 0 1 3 3 5 1,1 6 6 4 0 5 6 7 3 1,942 U.S. Treasury, general account 5,1 8 8 0 5,1 8 8 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 5 4 1 1 5 9 0 1 6 1 0 0 3 0 0 1 0 0 Deferred availability cash items 4,3 1 5 2 4 0 1 1 0 5 6 1 5 5 9 2 9 8 4 7 5 3 7 1 1 3 9 3 1 0 3 0 0 2 5 6 696 Other liabilities and accrued dividends2 6,0 8 8 2 7 3 1,8 4 5 2 8 3 2 7 9 8 8 1 5 4 9 4 9 0 2 2 6 1 5 8 2 2 2 2 8 7 595 Total liabilities 856,5 2 1 34,6 9 5 325,8 3 4 36,4 7 5 32,3 1 3 73,3 5 5 82,8 2 0 70,5 7 2 27,0 2 5 16,3 9 2 28,5 7 3 34,4 9 5 93,971 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 5 1,2 3 0 8 9 7 1 7 6 3 5 3 1 9 0 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 2,2 0 7 6 5 7 9 6 6 4 5 0 6 0 9 8 5 1 0 8 3 3 9 5 3 6 1 0 7 159 Total liabilities and capital 891,1 2 6 36,0 0 3 334,7 3 5 40,1 5 8 34,3 6 6 82,7 3 7 85,4 1 2 72,4 3 8 27,4 0 0 17,1 1 7 28,9 7 5 35,1 0 3 96,684 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 12, 2007 Federal Reserve notes outstanding 997,677 Less: Notes held by F.R. Banks not subject to collateralization 222,270 Federal Reserve notes to be collateralized 775,407 Collateral held against Federal Reserve notes 775,407 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 762,171 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 824,638 Less: face value of securities under reverse repurchase agreements 33,540 U.S. Treasury and agency securities eligible to be pledged 791,098 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.