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 October 18, 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 Oct 17, 2007 Oct 10, 2007 Oct 18, 2006 Oct 17, 2007 Reserve Bank credit 858,089 - 226 + 26,495 855,421 Securities held outright 779,597 - 16 + 11,020 779,591 U.S. Treasury1 779,597 - 16 + 11,020 779,591 Bills2 267,019 0 - 10,000 267,019 Notes and bonds, nominal2 472,142 0 + 11,339 472,142 Notes and bonds, inflation-indexed2 35,753 0 + 9,129 35,753 Inflation compensation3 4,684 - 15 + 553 4,677 Federal agency2 0 0 0 0 Repurchase agreements4 38,500 + 429 + 15,714 36,250 Loans to depository institutions 240 - 17 + 10 108 Primary credit 126 + 13 + 92 10 Secondary credit 0 0 0 0 Seasonal credit 114 - 30 - 83 98 Float -1,471 - 956 - 1,004 -1,816 Other Federal Reserve assets 41,223 + 334 + 755 41,289 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,679 + 14 + 571 38,679 Total factors supplying reserve funds 910,009 - 212 + 27,066 907,341 Currency in circulation5 814,508 - 1,656 + 19,656 814,867 Reverse repurchase agreements6 34,404 + 55 + 2,980 35,087 Foreign official and international accounts 34,404 + 55 + 2,980 35,087 Dealers 0 0 0 0 Treasury cash holdings 335 - 5 + 170 324 Deposits with F.R. Banks, other than reserve balances 12,113 + 805 - 57 12,095 U.S. Treasury, general account 5,080 + 701 + 225 5,105 Foreign official 97 0 - 7 97 Service-related 6,578 + 108 - 337 6,578 Required clearing balances 6,578 + 108 - 337 6,578 Adjustments to compensate for float 0 0 0 0 Other 357 - 5 + 60 315 Other liabilities and capital 41,592 + 471 + 5,512 41,364 Total factors, other than reserve balances, absorbing reserve funds 902,953 - 329 + 28,261 903,737 Reserve balances with Federal Reserve Banks 7,056 + 117 - 1,195 3,604 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 2,018,234 + 14,371 + 332,716 2,024,595 U.S. Treasury 1,230,231 + 8,396 + 84,707 1,236,887 Federal agency 788,003 + 5,975 + 248,009 787,708 Securities lent to dealers 5,874 + 2,818 + 4,874 8,354 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 Oct 17, 2007 Oct 10, 2007 Oct 18, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,179 + 36 + 349 Securities, repurchase agreements, and loans 815,949 - 13,832 + 26,144 Securities held outright 779,591 - 17 + 12,940 U.S. Treasury1 779,591 - 17 + 12,940 Bills2 267,019 0 - 10,000 Notes and bonds, nominal2 472,142 0 + 14,084 Notes and bonds, inflation-indexed2 35,753 0 + 8,323 Inflation compensation3 4,677 - 17 + 534 Federal agency2 0 0 0 Repurchase agreements4 36,250 - 13,750 + 13,500 Loans 108 - 65 - 296 Items in process of collection (684) 1,377 - 3,294 - 2,880 Bank premises 2,105 + 2 + 206 Other assets5 39,278 + 192 + 1,128 Total assets (684) 873,124 - 16,897 + 24,946 Liabilities Federal Reserve notes, net of F.R. Bank holdings 777,686 - 2,062 + 18,941 Reverse repurchase agreements6 35,087 + 663 + 2,192 Deposits (0) 15,793 - 14,536 - 203 Depository institutions 10,276 - 15,262 + 197 U.S. Treasury, general account 5,105 + 939 - 435 Foreign official 97 0 + 6 Other (0) 315 - 214 + 28 Deferred availability cash items (684) 3,193 - 1,520 - 1,478 Other liabilities and accrued dividends7 5,925 - 83 + 433 Total liabilities (684) 837,684 - 17,539 + 19,885 Capital accounts Capital paid in 17,736 + 445 + 2,640 Surplus 15,438 0 + 2,537 Other capital accounts 2,266 + 196 - 116 Total capital 35,440 + 641 + 5,061 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, October 17, 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 101 55,399 + 8,844 0 0 36,250 35,087 16 days to 90 days 7 159,545 - 6,099 0 0 0 0 91 days to 1 year 0 166,660 - 1,772 0 0 . . . . . . Over 1 year to 5 years . . . 236,325 - 980 0 0 . . . . . . Over 5 years to 10 years . . . 75,481 - 3 0 0 . . . . . . Over 10 years . . . 86,181 - 7 0 0 . . . . . . All 108 779,591 - 17 0 0 36,250 35,087 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 October 17, 2007 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas 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 7 9 4 3 6 5 8 6 1 0 3 1 2 2 1 6 4 1 3 1 4 7 4 5 8 6 1 2 5 163 Securities, repurchase agreements, and loans 815,9 4 9 37,5 9 9 295,4 1 4 36,0 9 8 33,3 8 7 70,6 8 6 75,6 6 8 68,4 4 3 26,0 9 2 16,3 1 2 26,4 3 4 35,8 5 2 93,966 Securities held outright 779,5 9 1 35,9 2 8 282,2 8 8 34,4 8 9 31,9 0 3 67,5 4 5 72,3 0 5 65,3 9 0 24,9 1 6 15,5 5 5 25,2 3 6 34,2 5 3 89,782 U.S. Treasury1 779,5 9 1 35,9 2 8 282,2 8 8 34,4 8 9 31,9 0 3 67,5 4 5 72,3 0 5 65,3 9 0 24,9 1 6 15,5 5 5 25,2 3 6 34,2 5 3 89,782 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 512,5 7 2 23,6 2 2 185,6 0 1 22,6 7 6 20,9 7 6 44,4 1 0 47,5 4 0 42,9 9 3 16,3 8 2 10,2 2 7 16,5 9 2 22,5 2 1 59,031 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 36,2 5 0 1,6 7 1 13,1 2 6 1,6 0 4 1,4 8 3 3,1 4 1 3,3 6 2 3,0 4 1 1,1 5 9 7 2 3 1,1 7 3 1,5 9 3 4,175 Loans 1 0 8 0 0 5 0 0 1 1 3 1 6 3 4 2 4 7 9 Items in process of collection 2,0 6 1 1 1 0 5 3 2 8 6 1 0 8 1 2 1 3 0 2 2 7 1 3 4 1 9 2 1 1 3 2 0 0 489 Bank premises 2,1 0 5 1 1 9 2 1 7 6 2 1 5 4 1 7 7 2 3 0 2 0 6 1 0 4 1 1 3 2 5 2 2 5 9 212 Other assets5 39,2 7 8 1,3 1 3 12,1 5 8 3,3 2 6 2,2 6 6 7,4 0 6 3,3 2 7 2,5 4 9 7 9 6 7 3 7 7 8 3 1,0 2 4 3,593 Interdistrict settlement account 0 - 3,5 5 6 + 9,9 2 2 - 9 3 8 - 1,7 5 8 + 2,9 5 4 + 2,3 4 8 - 5 2 - 3 4 9 - 1,4 6 5 + 7 0 6 - 3,4 9 7 - 4,315 Total assets 873,8 0 8 36,1 9 1 322,7 5 6 39,4 5 7 34,7 9 2 82,4 8 1 83,0 5 1 72,6 1 9 27,2 2 0 16,1 6 5 28,7 7 4 34,6 7 3 95,628 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 October 17, 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 1,001,31 3 38,1 7 7 363,47 0 40,8 3 9 38,1 3 5 81,7 7 8 111,4 3 3 80,4 6 5 29,1 2 3 17,1 7 2 30,2 0 1 57,3 5 1 113,169 Less: notes held by F.R. Banks 223,62 6 6,0 1 3 71,38 9 7,9 9 2 8,4 5 1 15,1 0 0 36,2 8 2 14,5 2 8 4,0 6 4 3,1 1 4 3,7 7 7 25,9 3 1 26,987 Federal Reserve notes, net 777,68 6 32,1 6 4 292,08 1 32,8 4 7 29,6 8 5 66,6 7 8 75,1 5 1 65,9 3 6 25,0 5 8 14,0 5 8 26,4 2 4 31,4 2 0 86,182 Reverse repurchase agreements1 35,08 7 1,6 1 7 12,70 5 1,5 5 2 1,4 3 6 3,0 4 0 3,2 5 4 2,9 4 3 1,1 2 1 7 0 0 1,1 3 6 1,5 4 2 4,041 Deposits 15,79 3 3 8 8 7,27 6 6 6 2 6 9 5 1,6 6 5 1,0 4 1 1,0 3 0 3 2 8 2 2 7 3 7 1 5 6 4 1,544 Depository institutions 10,27 6 3 8 6 1,94 1 6 5 7 6 9 1 1,5 1 0 1,0 3 8 1,0 2 7 3 2 6 2 2 6 3 7 0 5 6 4 1,540 U.S. Treasury, general account 5,10 5 0 5,10 5 0 0 0 0 0 0 0 0 0 0 Foreign official 9 7 1 6 7 5 3 1 1 3 2 0 1 0 1 3 Other 31 5 2 16 4 0 1 1 4 4 0 0 1 0 1 0 0 Deferred availability cash items 3,87 7 1 7 2 9 5 4 5 1 4 9 3 3 6 4 4 5 2 3 6 2 1 1 4 2 9 9 2 4 2 2 4 4 588 Other liabilities and accrued dividends2 5,92 5 2 6 9 1,76 5 2 8 0 2 7 1 9 1 0 5 3 2 4 7 0 2 1 9 1 6 1 2 0 2 2 7 5 571 Total liabilities 838,36 8 34,6 1 0 313,92 2 35,7 9 2 32,5 8 0 72,6 5 8 80,4 3 1 70,7 4 1 26,8 4 1 15,4 4 5 28,3 7 5 34,0 4 6 92,927 Capital Capital paid in 17,73 6 9 7 3 4,29 2 1,8 1 4 1,0 8 9 5,0 9 3 1,2 2 9 9 1 0 1 7 9 3 5 4 1 9 0 3 0 2 1,310 Surplus 15,43 8 3 9 6 3,82 7 1,8 1 1 1,0 8 7 4,0 9 8 1,2 7 8 8 6 0 1 6 7 2 7 6 1 7 6 2 1 4 1,248 Other capital 2,26 6 2 1 2 71 5 4 0 3 5 6 3 2 1 1 3 1 0 7 3 3 9 1 3 2 1 1 1 143 Total liabilities and capital 873,80 8 36,1 9 1 322,75 6 39,4 5 7 34,7 9 2 82,4 8 1 83,0 5 1 72,6 1 9 27,2 2 0 16,1 6 5 28,7 7 4 34,6 7 3 95,628 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 Oct 17, 2007 Federal Reserve notes outstanding 1,001,313 Less: Notes held by F.R. Banks not subject to collateralization 223,626 Federal Reserve notes to be collateralized 777,686 Collateral held against Federal Reserve notes 777,686 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 764,449 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 815,841 Less: face value of securities under reverse repurchase agreements 35,133 U.S. Treasury and agency securities eligible to be pledged 780,708 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.