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 20, 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 19, 2007 Sep 12, 2007 Sep 20, 2006 Sep 19, 2007 Reserve Bank credit 852,998 - 4,235 + 23,986 853,783 Securities held outright 779,636 - 3 + 10,749 779,635 U.S. Treasury1 779,636 - 3 + 10,749 779,635 Bills2 267,019 0 - 10,000 267,019 Notes and bonds, nominal2 472,142 0 + 10,351 472,142 Notes and bonds, inflation-indexed2 35,753 0 + 9,734 35,753 Inflation compensation3 4,723 - 2 + 664 4,722 Federal agency2 0 0 0 0 Repurchase agreements4 30,179 - 3,178 + 10,750 32,750 Loans to depository institutions 2,421 - 737 + 2,066 1,359 Primary credit 2,179 - 753 + 2,168 1,115 Secondary credit 0 0 0 0 Seasonal credit 241 + 15 - 104 244 Float 622 - 716 - 218 -133 Other Federal Reserve assets 40,140 + 399 + 638 40,172 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,639 + 14 + 584 38,639 Total factors supplying reserve funds 904,878 - 4,221 + 24,570 905,663 Currency in circulation5 809,915 - 3,036 + 17,420 810,587 Reverse repurchase agreements6 35,735 + 1,444 + 8,238 36,225 Foreign official and international accounts 35,735 + 1,444 + 8,238 36,225 Dealers 0 0 0 0 Treasury cash holdings 339 - 3 + 174 333 Deposits with F.R. Banks, other than reserve balances 12,432 + 702 - 1,034 11,419 U.S. Treasury, general account 5,416 + 661 - 697 4,455 Foreign official 105 + 8 + 16 98 Service-related 6,653 + 41 - 316 6,653 Required clearing balances 6,653 + 41 - 316 6,653 Adjustments to compensate for float 0 0 0 0 Other 258 - 7 - 36 213 Other liabilities and capital 40,897 - 167 + 4,958 40,362 Total factors, other than reserve balances, absorbing reserve funds 899,317 - 1,061 + 29,755 898,925 Reserve balances with Federal Reserve Banks 5,561 - 3,160 - 5,185 6,738 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,987,499 + 6,178 + 314,060 1,995,252 U.S. Treasury 1,210,997 + 3,855 + 78,514 1,216,199 Federal agency 776,502 + 2,322 + 235,546 779,052 Securities lent to dealers 2,177 - 3,342 + 1,646 2,613 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 19, 2007 Sep 12, 2007 Sep 20, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,090 + 41 + 253 Securities, repurchase agreements, and loans 813,744 - 18,279 + 29,486 Securities held outright 779,635 - 3 + 10,740 U.S. Treasury1 779,635 - 3 + 10,740 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 4,722 - 2 + 655 Federal agency2 0 0 0 Repurchase agreements4 32,750 - 12,250 + 17,750 Loans 1,359 - 6,027 + 996 Items in process of collection (883) 3,282 - 462 - 1,035 Bank premises 2,086 + 4 + 198 Other assets5 38,146 + 75 + 491 Total assets (883) 871,586 - 18,620 + 29,395 Liabilities Federal Reserve notes, net of F.R. Bank holdings 773,367 - 2,040 + 17,697 Reverse repurchase agreements6 36,225 + 2,735 + 7,726 Deposits (0) 18,218 - 19,002 + 563 Depository institutions 13,452 - 18,229 + 1,375 U.S. Treasury, general account 4,455 - 733 - 761 Foreign official 98 + 1 + 13 Other (0) 213 - 41 - 63 Deferred availability cash items (883) 3,414 + 18 - 1,287 Other liabilities and accrued dividends7 6,033 - 55 + 588 Total liabilities (883) 837,257 - 18,344 + 25,287 Capital accounts Capital paid in 16,968 - 6 + 1,911 Surplus 15,425 + 1 + 2,524 Other capital accounts 1,936 - 271 - 326 Total capital 34,329 - 276 + 4,109 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 19, 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 1,353 50,839 + 5,769 0 0 32,750 36,225 16 days to 90 days 6 157,527 - 5,360 0 0 0 0 91 days to 1 year 0 173,753 + 1,057 0 0 . . . . . . Over 1 year to 5 years . . . 235,828 - 1,468 0 0 . . . . . . Over 5 years to 10 years . . . 75,489 0 0 0 . . . . . . Over 10 years . . . 86,199 - 1 0 0 . . . . . . All 1,359 779,635 - 3 0 0 32,750 36,225 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 19, 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 9 0 2 9 6 3 7 3 1 0 0 1 1 6 1 5 6 1 2 0 4 6 4 0 8 2 1 2 2 143 Securities, repurchase agreements, and loans 813,7 4 4 37,4 3 9 294,7 1 2 35,9 4 9 33,2 4 5 70,9 3 7 75,3 4 9 68,1 8 8 26,0 1 8 16,2 7 8 26,3 5 1 35,7 0 2 93,574 Securities held outright 779,6 3 5 35,9 3 0 282,3 0 4 34,4 9 1 31,9 0 5 67,5 4 9 72,3 0 9 65,3 9 3 24,9 1 8 15,5 5 5 25,2 3 7 34,2 5 5 89,788 U.S. Treasury1 779,6 3 5 35,9 3 0 282,3 0 4 34,4 9 1 31,9 0 5 67,5 4 9 72,3 0 9 65,3 9 3 24,9 1 8 15,5 5 5 25,2 3 7 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 7 23,6 2 4 185,6 1 7 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 32,7 5 0 1,5 0 9 11,8 5 9 1,4 4 9 1,3 4 0 2,8 3 8 3,0 3 7 2,7 4 7 1,0 4 7 6 5 3 1,0 6 0 1,4 3 9 3,772 Loans 1,3 5 9 0 5 5 0 9 0 5 5 0 2 4 7 5 3 7 0 5 4 9 15 Items in process of collection 4,1 6 5 1 5 1 -1 2 3 3 8 4 4 5 5 2 7 9 9 6 1 3 0 2 5 0 4 2 3 8 2 6 0 2 5 4 499 Bank premises 2,0 8 6 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 9 207 Other assets5 38,1 4 6 1,2 6 4 11,7 8 7 3,2 5 2 2,2 0 7 7,2 5 2 3,2 3 0 2,4 6 6 7 7 1 7 1 2 7 4 8 9 8 3 3,475 Interdistrict settlement account 0 - 4,3 3 1 + 7,8 2 4 - 9 8 0 - 1,5 0 1 + 2,5 1 9 + 3,6 6 7 + 1 - 5 2 1 - 1,5 1 5 + 7 4 2 - 2,7 7 0 - 3,133 Total assets 872,4 6 9 35,2 3 6 319,4 0 6 39,2 7 3 35,1 9 3 82,2 9 5 84,8 7 6 72,3 9 8 27,3 1 7 16,1 0 2 28,8 2 8 35,2 6 0 96,286 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 19, 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 998,8 2 6 37,0 8 0 361,8 4 4 40,8 9 6 38,1 7 1 81,4 6 6 111,2 7 1 79,9 4 5 29,1 9 6 17,2 0 3 30,1 0 9 57,8 4 2 113,801 Less: notes held by F.R. Banks 225,4 5 9 5,9 0 1 73,3 4 9 8,1 4 9 8,9 1 4 15,0 7 7 34,6 6 0 14,9 3 6 4,1 6 2 3,2 1 3 3,8 4 0 25,8 7 0 27,389 Federal Reserve notes, net 773,3 6 7 31,1 7 9 288,4 9 4 32,7 4 7 29,2 5 7 66,3 9 0 76,6 1 2 65,0 0 9 25,0 3 4 13,9 9 0 26,2 7 0 31,9 7 2 86,413 Reverse repurchase agreements1 36,2 2 5 1,6 6 9 13,1 1 7 1,6 0 3 1,4 8 2 3,1 3 9 3,3 6 0 3,0 3 8 1,1 5 8 7 2 3 1,1 7 3 1,5 9 2 4,172 Deposits 18,2 1 8 5 2 0 7,0 7 2 4 9 0 1,6 3 5 2,2 2 9 1,3 5 3 1,6 6 1 2 7 7 2 3 7 4 0 6 5 9 4 1,744 Depository institutions 13,4 5 2 5 1 8 2,3 9 4 4 8 6 1,6 3 0 2,1 6 5 1,3 4 9 1,6 5 9 2 7 6 2 3 6 4 0 4 5 9 3 1,741 U.S. Treasury, general account 4,4 5 5 0 4,4 5 5 0 0 0 0 0 0 0 0 0 0 Foreign official 9 8 1 6 8 5 3 1 1 3 2 0 1 0 1 3 Other 2 1 3 1 1 5 5 0 1 5 3 0 0 1 0 1 0 0 Deferred availability cash items 4,2 9 7 2 6 1 9 9 5 1 3 5 1 9 3 0 2 4 3 9 3 5 4 2 5 3 2 7 8 3 7 3 2 1 7 689 Other liabilities and accrued dividends2 6,0 3 3 2 6 8 1,8 3 0 2 8 1 2 7 5 8 7 7 5 5 4 4 8 5 2 2 4 1 5 6 2 1 0 2 8 4 587 Total liabilities 838,1 4 0 33,8 9 8 310,6 1 1 35,6 3 4 33,1 6 8 72,9 3 7 82,3 1 6 70,5 4 9 26,9 4 7 15,3 8 4 28,4 3 1 34,6 5 8 93,606 Capital Capital paid in 16,9 6 8 8 4 7 4,2 8 9 1,8 0 9 9 1 7 4,6 6 1 1,2 2 9 9 0 4 1 7 6 3 5 3 1 9 0 2 8 7 1,307 Surplus 15,4 2 5 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 3 6 9 4 6 9 0 1 8 2 1 6 0 0 5 3 8 5 2 8 8 8 3 1 1 0 0 125 Total liabilities and capital 872,4 6 9 35,2 3 6 319,4 0 6 39,2 7 3 35,1 9 3 82,2 9 5 84,8 7 6 72,3 9 8 27,3 1 7 16,1 0 2 28,8 2 8 35,2 6 0 96,286 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 19, 2007 Federal Reserve notes outstanding 998,826 Less: Notes held by F.R. Banks not subject to collateralization 225,459 Federal Reserve notes to be collateralized 773,367 Collateral held against Federal Reserve notes 773,367 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 760,130 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 812,385 Less: face value of securities under reverse repurchase agreements 36,276 U.S. Treasury and agency securities eligible to be pledged 776,110 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.