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 25, 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 24, 2007 Oct 17, 2007 Oct 25, 2006 Oct 24, 2007 Reserve Bank credit 858,846 + 757 + 28,248 867,438 Securities held outright 779,580 - 17 + 12,167 779,574 U.S. Treasury1 779,580 - 17 + 12,167 779,574 Bills2 267,019 0 - 10,000 267,019 Notes and bonds, nominal2 472,142 0 + 13,331 472,142 Notes and bonds, inflation-indexed2 35,753 0 + 8,323 35,753 Inflation compensation3 4,667 - 17 + 515 4,661 Federal agency2 0 0 0 0 Repurchase agreements4 37,714 - 786 + 14,821 46,000 Loans to depository institutions 294 + 54 + 120 502 Primary credit 142 + 16 + 133 3 Secondary credit 57 + 57 + 57 402 Seasonal credit 95 - 19 - 70 98 Float -489 + 982 - 80 -635 Other Federal Reserve assets 41,747 + 524 + 1,219 41,996 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,693 + 14 + 573 38,693 Total factors supplying reserve funds 910,780 + 771 + 28,820 919,371 Currency in circulation5 812,823 - 1,685 + 18,677 813,872 Reverse repurchase agreements6 36,726 + 2,322 + 6,005 37,428 Foreign official and international accounts 36,726 + 2,322 + 6,005 37,428 Dealers 0 0 0 0 Treasury cash holdings 322 - 13 + 142 310 Deposits with F.R. Banks, other than reserve balances 12,032 - 81 - 438 11,714 U.S. Treasury, general account 5,046 - 34 - 132 4,737 Foreign official 99 + 2 + 10 99 Service-related 6,578 0 - 336 6,578 Required clearing balances 6,578 0 - 336 6,578 Adjustments to compensate for float 0 0 0 0 Other 309 - 48 + 19 300 Other liabilities and capital 41,940 + 348 + 5,523 41,612 Total factors, other than reserve balances, absorbing reserve funds 903,843 + 890 + 29,909 904,936 Reserve balances with Federal Reserve Banks 6,937 - 119 - 1,089 14,435 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 2,030,609 + 12,375 + 344,979 2,032,855 U.S. Treasury 1,234,088 + 3,857 + 92,552 1,231,085 Federal agency 796,521 + 8,518 + 252,427 801,770 Securities lent to dealers 6,449 + 575 + 4,786 9,509 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 24, 2007 Oct 17, 2007 Oct 25, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,216 + 37 + 385 Securities, repurchase agreements, and loans 826,077 + 10,128 + 27,484 Securities held outright 779,574 - 17 + 11,152 U.S. Treasury1 779,574 - 17 + 11,152 Bills2 267,019 0 - 10,000 Notes and bonds, nominal2 472,142 0 + 12,327 Notes and bonds, inflation-indexed2 35,753 0 + 8,323 Inflation compensation3 4,661 - 16 + 504 Federal agency2 0 0 0 Repurchase agreements4 46,000 + 9,750 + 16,000 Loans 502 + 394 + 330 Items in process of collection (583) 2,354 + 977 - 1,022 Bank premises 2,106 + 1 + 204 Other assets5 39,985 + 707 + 1,304 Total assets (583) 884,973 + 11,849 + 28,353 Liabilities Federal Reserve notes, net of F.R. Bank holdings 776,701 - 985 + 18,232 Reverse repurchase agreements6 37,428 + 2,341 + 6,277 Deposits (0) 26,243 + 10,450 - 493 Depository institutions 21,107 + 10,831 + 101 U.S. Treasury, general account 4,737 - 368 - 609 Foreign official 99 + 2 + 9 Other (0) 300 - 15 + 7 Deferred availability cash items (583) 2,989 - 204 - 1,246 Other liabilities and accrued dividends7 5,934 + 9 + 404 Total liabilities (583) 849,296 + 11,612 + 23,175 Capital accounts Capital paid in 17,756 + 20 + 2,657 Surplus 15,438 0 + 2,537 Other capital accounts 2,484 + 218 - 15 Total capital 35,678 + 238 + 5,178 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 24, 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 501 57,578 + 2,179 0 0 46,000 37,428 16 days to 90 days 2 157,995 - 1,550 0 0 0 0 91 days to 1 year 0 166,029 - 631 0 0 . . . . . . Over 1 year to 5 years . . . 236,319 - 6 0 0 . . . . . . Over 5 years to 10 years . . . 75,478 - 3 0 0 . . . . . . Over 10 years . . . 86,174 - 7 0 0 . . . . . . All 502 779,574 - 17 0 0 46,000 37,428 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 24, 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 1,2 1 6 4 4 6 8 8 9 1 1 0 1 3 1 1 6 2 1 3 9 4 8 4 5 8 4 1 2 8 169 Securities, repurchase agreements, and loans 826,0 7 7 38,0 4 7 299,3 4 0 36,5 3 1 33,7 8 5 71,5 2 9 76,5 7 0 69,2 6 3 26,4 0 1 16,5 0 4 26,7 4 4 36,2 8 1 95,080 Securities held outright 779,5 7 4 35,9 2 7 282,2 8 2 34,4 8 9 31,9 0 3 67,5 4 4 72,3 0 4 65,3 8 8 24,9 1 6 15,5 5 4 25,2 3 5 34,2 5 2 89,780 U.S. Treasury1 779,5 7 4 35,9 2 7 282,2 8 2 34,4 8 9 31,9 0 3 67,5 4 4 72,3 0 4 65,3 8 8 24,9 1 6 15,5 5 4 25,2 3 5 34,2 5 2 89,780 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 5 5 23,6 2 2 185,5 9 5 22,6 7 6 20,9 7 5 44,4 0 9 47,5 3 8 42,9 9 1 16,3 8 2 10,2 2 7 16,5 9 2 22,5 2 0 59,029 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 46,0 0 0 2,1 2 0 16,6 5 6 2,0 3 5 1,8 8 2 3,9 8 6 4,2 6 6 3,8 5 8 1,4 7 0 9 1 8 1,4 8 9 2,0 2 1 5,298 Loans 5 0 2 0 4 0 2 8 0 0 0 1 6 1 5 3 2 2 0 8 2 Items in process of collection 2,9 3 7 1 0 1 4 7 3 7 3 2 8 9 1 7 8 5 0 4 1 8 9 1 0 3 1 5 4 2 2 9 1 5 6 614 Bank premises 2,1 0 6 1 1 9 2 1 7 6 2 1 5 4 1 7 7 2 3 0 2 0 6 1 0 5 1 1 3 2 5 2 2 5 9 212 Other assets5 39,9 8 5 1,3 3 9 12,3 9 1 3,3 7 4 2,3 0 4 7,5 0 7 3,4 0 7 2,6 0 1 8 0 3 7 5 0 8 0 0 1,0 4 6 3,663 Interdistrict settlement account 0 - 3,4 1 1 +12,0 1 6 - 1,0 1 2 - 1,1 9 7 + 3,7 2 5 + 5 8 5 - 9 4 6 + 6 9 4 - 1,6 4 9 + 5 0 1 - 3,6 6 7 - 5,639 Total assets 885,5 5 6 36,8 0 3 329,0 0 6 39,9 5 5 35,9 7 8 84,2 6 3 82,7 4 1 72,5 6 7 28,5 5 1 16,1 5 0 29,0 1 2 34,9 1 4 95,618 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 24, 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 1,002,07 5 38,0 1 4 363,01 9 40,8 6 3 38,2 9 5 81,7 0 3 111,6 6 0 80,3 5 6 30,4 4 4 17,1 0 9 30,3 0 6 57,3 7 4 112,933 Less: notes held by F.R. Banks 225,37 5 6,1 7 4 71,30 5 7,9 7 0 8,5 8 5 15,1 8 2 37,1 9 6 14,5 9 9 4,0 8 1 3,1 2 2 3,8 4 5 25,9 5 7 27,358 Federal Reserve notes, net 776,70 1 31,8 4 0 291,71 4 32,8 9 3 29,7 1 0 66,5 2 1 74,4 6 4 65,7 5 8 26,3 6 3 13,9 8 6 26,4 6 0 31,4 1 7 85,575 Reverse repurchase agreements1 37,42 8 1,7 2 5 13,55 2 1,6 5 6 1,5 3 2 3,2 4 3 3,4 7 1 3,1 3 9 1,1 9 6 7 4 7 1,2 1 2 1,6 4 4 4,310 Deposits 26,24 3 1,1 9 2 12,98 7 1,0 3 7 1,7 2 1 3,3 5 4 1,3 1 2 1,0 0 9 3 0 2 2 8 8 4 3 7 7 1 5 1,890 Depository institutions 21,10 7 1,1 8 1 8,00 7 1,0 3 2 1,6 7 9 3,2 3 2 1,3 0 7 1,0 4 5 3 0 0 2 8 7 4 3 5 7 1 4 1,887 U.S. Treasury, general account 4,73 7 0 4,73 7 0 0 0 0 0 0 0 0 0 0 Foreign official 9 9 1 6 9 5 3 1 1 3 2 0 1 0 1 3 Other 30 0 9 17 4 0 4 0 1 1 1 2 - 3 8 1 0 1 0 0 Deferred availability cash items 3,57 2 1 6 4 10 4 4 0 7 5 2 1 2 9 8 3 6 2 2 8 8 9 1 2 4 4 3 0 0 2 3 0 564 Other liabilities and accrued dividends2 5,93 4 2 6 3 1,76 1 2 8 2 2 7 3 9 1 8 5 4 4 4 7 1 2 1 8 1 6 1 2 0 1 2 7 4 567 Total liabilities 849,87 9 35,1 8 4 320,11 9 36,2 7 5 33,7 5 6 74,3 3 4 80,1 5 5 70,6 6 5 28,1 7 0 15,4 2 6 28,6 0 9 34,2 8 0 92,906 Capital Capital paid in 17,75 6 9 7 3 4,29 5 1,8 1 3 1,0 8 9 5,0 9 3 1,2 2 9 9 2 7 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 1 1 6 7 2 7 6 1 7 6 2 1 4 1,248 Other capital 2,48 4 2 5 1 76 5 5 6 4 5 7 3 8 7 9 1 1 5 3 5 9 4 3 6 1 1 8 154 Total liabilities and capital 885,55 6 36,8 0 3 329,00 6 39,9 5 5 35,9 7 8 84,2 6 3 82,7 4 1 72,5 6 7 28,5 5 1 16,1 5 0 29,0 1 2 34,9 1 4 95,618 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 24, 2007 Federal Reserve notes outstanding 1,002,075 Less: Notes held by F.R. Banks not subject to collateralization 225,375 Federal Reserve notes to be collateralized 776,701 Collateral held against Federal Reserve notes 776,701 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 763,464 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 825,574 Less: face value of securities under reverse repurchase agreements 37,604 U.S. Treasury and agency securities eligible to be pledged 787,970 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.