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 27, 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 26, 2007 Sep 19, 2007 Sep 27, 2006 Sep 26, 2007 Reserve Bank credit 859,548 + 6,550 + 34,415 876,096 Securities held outright 779,634 - 2 + 10,726 779,633 U.S. Treasury1 779,634 - 2 + 10,726 779,633 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 4,720 - 3 + 640 4,719 Federal agency2 0 0 0 0 Repurchase agreements4 39,107 + 8,928 + 22,464 56,000 Loans to depository institutions 306 - 2,115 - 78 207 Primary credit 88 - 2,091 + 57 0 Secondary credit 0 0 0 0 Seasonal credit 218 - 23 - 135 207 Float -175 - 797 + 488 -586 Other Federal Reserve assets 40,676 + 536 + 814 40,843 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,653 + 14 + 584 38,653 Total factors supplying reserve funds 911,442 + 6,564 + 34,999 927,990 Currency in circulation5 809,870 - 45 + 19,122 812,059 Reverse repurchase agreements6 35,138 - 597 + 6,747 35,312 Foreign official and international accounts 35,138 - 597 + 6,747 35,312 Dealers 0 0 0 0 Treasury cash holdings 333 - 6 + 175 336 Deposits with F.R. Banks, other than reserve balances 11,745 - 687 + 139 11,921 U.S. Treasury, general account 4,761 - 655 + 481 4,943 Foreign official 97 - 8 + 7 96 Service-related 6,649 - 4 - 318 6,649 Required clearing balances 6,649 - 4 - 318 6,649 Adjustments to compensate for float 0 0 0 0 Other 238 - 20 - 31 233 Other liabilities and capital 41,150 + 253 + 4,938 40,846 Total factors, other than reserve balances, absorbing reserve funds 898,236 - 1,081 + 31,121 900,473 Reserve balances with Federal Reserve Banks 13,206 + 7,645 + 3,878 27,517 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,995,246 + 7,747 + 333,837 1,997,612 U.S. Treasury 1,214,842 + 3,845 + 95,652 1,213,618 Federal agency 780,404 + 3,902 + 238,185 783,994 Securities lent to dealers 3,319 + 1,142 + 2,209 4,158 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 26, 2007 Sep 19, 2007 Sep 27, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,105 + 15 + 247 Securities, repurchase agreements, and loans 835,840 + 22,096 + 39,058 Securities held outright 779,633 - 2 + 10,718 U.S. Treasury1 779,633 - 2 + 10,718 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 4,719 - 3 + 632 Federal agency2 0 0 0 Repurchase agreements4 56,000 + 23,250 + 28,500 Loans 207 - 1,152 - 159 Items in process of collection (771) 2,607 - 675 - 534 Bank premises 2,090 + 4 + 201 Other assets5 38,813 + 667 + 744 Total assets (771) 893,691 + 22,105 + 39,716 Liabilities Federal Reserve notes, net of F.R. Bank holdings 774,843 + 1,476 + 19,701 Reverse repurchase agreements6 35,312 - 913 + 3,846 Deposits (0) 39,511 + 21,293 + 12,448 Depository institutions 34,239 + 20,787 + 12,088 U.S. Treasury, general account 4,943 + 488 + 358 Foreign official 96 - 2 + 5 Other (0) 233 + 20 - 3 Deferred availability cash items (771) 3,180 - 234 - 1,427 Other liabilities and accrued dividends7 6,006 - 27 + 492 Total liabilities (771) 858,851 + 21,594 + 35,059 Capital accounts Capital paid in 17,147 + 179 + 2,080 Surplus 15,425 0 + 2,524 Other capital accounts 2,268 + 332 + 54 Total capital 34,840 + 511 + 4,658 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 26, 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 201 52,162 + 1,323 0 0 56,000 35,312 16 days to 90 days 6 157,593 + 66 0 0 0 0 91 days to 1 year 0 172,365 - 1,388 0 0 . . . . . . Over 1 year to 5 years . . . 235,828 0 0 0 . . . . . . Over 5 years to 10 years . . . 75,488 - 1 0 0 . . . . . . Over 10 years . . . 86,198 - 1 0 0 . . . . . . All 207 779,633 - 2 0 0 56,000 35,312 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 26, 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 1,1 0 5 3 2 6 1 7 7 1 0 2 1 1 7 1 5 6 1 2 4 5 0 4 0 8 0 1 1 8 149 Securities, repurchase agreements, and loans 835,8 4 0 38,5 1 1 302,5 8 0 36,9 7 8 34,1 9 7 72,4 0 1 77,5 0 3 70,1 2 3 26,7 6 0 16,7 3 7 27,0 9 0 36,7 2 2 96,237 Securities held outright 779,6 3 3 35,9 3 0 282,3 0 3 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 4 89,787 U.S. Treasury1 779,6 3 3 35,9 3 0 282,3 0 3 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 4 89,787 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 4 23,6 2 4 185,6 1 6 22,6 7 8 20,9 7 8 44,4 1 4 47,5 4 4 42,9 9 6 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 56,0 0 0 2,5 8 1 20,2 7 7 2,4 7 7 2,2 9 2 4,8 5 2 5,1 9 4 4,6 9 7 1,7 9 0 1,1 1 7 1,8 1 3 2,4 6 0 6,449 Loans 2 0 7 0 0 9 0 0 0 3 3 5 2 6 4 4 0 8 0 Items in process of collection 3,3 7 8 1 3 0 6 6 2 8 6 3 1 1 2 9 7 4 6 7 2 5 9 1 5 7 2 2 1 2 5 5 3 1 6 613 Bank premises 2,0 9 0 1 1 9 2 1 7 5 7 1 5 4 1 7 7 2 3 0 2 0 6 1 0 4 1 1 4 2 4 4 2 6 0 207 Other assets5 38,8 1 3 1,2 9 1 12,0 0 7 3,2 9 9 2,2 4 5 7,3 3 7 3,3 0 1 2,5 1 9 7 6 7 7 2 7 7 6 6 1,0 0 6 3,545 Interdistrict settlement account 0 - 5,0 6 9 +16,3 1 9 - 1,5 6 2 - 2,0 9 7 + 2,4 8 9 + 1,9 2 9 - 1,5 7 4 - 9 5 6 - 6 1 0 + 2 1 1 - 3,6 6 9 - 5,412 Total assets 894,4 6 2 35,5 7 8 336,1 7 9 39,6 7 4 35,4 4 4 83,8 3 5 84,8 6 9 72,7 7 3 27,2 7 9 17,4 6 2 29,0 4 7 35,4 6 4 96,859 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 26, 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 999,8 4 5 37,0 4 0 362,8 5 7 40,8 3 6 38,1 7 5 81,5 8 9 111,4 4 0 79,9 2 5 29,1 9 1 17,1 9 0 30,1 7 5 57,7 2 0 113,707 Less: notes held by F.R. Banks 225,0 0 2 6,0 3 4 72,2 2 3 8,1 5 3 8,9 7 9 15,2 8 1 34,7 8 8 14,9 3 9 4,1 3 0 3,2 0 6 3,8 7 8 25,8 7 7 27,514 Federal Reserve notes, net 774,8 4 3 31,0 0 6 290,6 3 4 32,6 8 2 29,1 9 5 66,3 0 8 76,6 5 2 64,9 8 6 25,0 6 1 13,9 8 4 26,2 9 7 31,8 4 3 86,193 Reverse repurchase agreements1 35,3 1 2 1,6 2 7 12,7 8 6 1,5 6 2 1,4 4 5 3,0 5 9 3,2 7 5 2,9 6 2 1,1 2 9 7 0 5 1,1 4 3 1,5 5 1 4,067 Deposits 39,5 1 1 1,0 8 7 21,9 7 3 9 1 6 1,8 0 6 3,8 2 8 1,4 0 9 2,1 5 2 2 9 6 1,6 3 0 7 1 0 9 5 9 2,744 Depository institutions 34,2 3 9 1,0 8 1 16,7 9 7 9 1 1 1,8 0 1 3,7 6 2 1,4 0 6 2,1 4 9 2 9 5 1,6 3 0 7 0 9 9 5 8 2,740 U.S. Treasury, general account 4,9 4 3 0 4,9 4 3 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 3 3 5 1 6 8 0 2 5 5 0 0 1 0 1 0 0 Deferred availability cash items 3,9 5 1 2 1 9 9 7 5 5 6 5 0 3 3 4 7 3 9 0 3 1 3 1 9 1 2 6 4 2 8 5 2 2 1 566 Other liabilities and accrued dividends2 6,0 0 6 2 6 9 1,8 0 9 2 8 3 2 7 5 8 7 1 5 6 2 4 8 3 2 2 5 1 5 6 2 0 8 2 8 2 582 Total liabilities 859,6 2 2 34,2 0 8 327,2 9 9 36,0 0 0 33,2 2 5 74,4 1 4 82,2 8 8 70,8 9 6 26,9 0 1 16,7 3 9 28,6 4 4 34,8 5 7 94,151 Capital Capital paid in 17,1 4 7 8 4 7 4,2 8 9 1,8 1 0 1,0 8 9 4,6 6 1 1,2 2 9 9 0 5 1 7 9 3 5 3 1 9 0 2 8 9 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 2,2 6 8 1 2 7 7 7 6 5 3 4 3 6 6 2 7 5 1 1 1 3 2 9 4 3 7 1 0 5 153 Total liabilities and capital 894,4 6 2 35,5 7 8 336,1 7 9 39,6 7 4 35,4 4 4 83,8 3 5 84,8 6 9 72,7 7 3 27,2 7 9 17,4 6 2 29,0 4 7 35,4 6 4 96,859 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 26, 2007 Federal Reserve notes outstanding 999,845 Less: Notes held by F.R. Banks not subject to collateralization 225,002 Federal Reserve notes to be collateralized 774,843 Collateral held against Federal Reserve notes 774,843 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 761,606 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 835,633 Less: face value of securities under reverse repurchase agreements 35,351 U.S. Treasury and agency securities eligible to be pledged 800,282 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.