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 November 1, 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 31, 2007 Oct 24, 2007 Nov 1, 2006 Oct 31, 2007 Reserve Bank credit 862,696 + 3,851 + 29,259 869,405 Securities held outright 779,568 - 12 + 10,917 779,586 U.S. Treasury1 779,568 - 12 + 10,917 779,586 Bills2 267,019 0 - 10,000 267,019 Notes and bonds, nominal2 471,977 - 165 + 12,580 470,984 Notes and bonds, inflation-indexed2 35,918 + 165 + 7,865 36,911 Inflation compensation3 4,654 - 13 + 472 4,672 Federal agency2 0 0 0 0 Repurchase agreements4 41,250 + 3,536 + 18,821 48,500 Loans to depository institutions 283 - 11 + 111 92 Primary credit 190 + 48 + 169 10 Secondary credit 0 - 57 0 0 Seasonal credit 93 - 2 - 59 82 Float -728 - 238 - 1,961 -745 Other Federal Reserve assets 42,323 + 576 + 1,370 41,972 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,695 + 14 + 562 38,695 Total factors supplying reserve funds 914,632 + 3,865 + 29,821 921,341 Currency in circulation5 813,082 + 271 + 18,345 815,303 Reverse repurchase agreements6 38,131 + 1,405 + 6,173 38,055 Foreign official and international accounts 38,131 + 1,405 + 6,173 38,055 Dealers 0 0 0 0 Treasury cash holdings 308 - 14 + 127 301 Deposits with F.R. Banks, other than reserve balances 12,005 - 27 - 300 11,780 U.S. Treasury, general account 4,950 - 96 - 32 4,307 Foreign official 169 + 70 + 80 601 Service-related 6,585 + 7 - 348 6,585 Required clearing balances 6,585 + 7 - 348 6,585 Adjustments to compensate for float 0 0 0 0 Other 301 - 8 + 1 287 Other liabilities and capital 42,181 + 241 + 5,493 41,849 Total factors, other than reserve balances, absorbing reserve funds 905,708 + 1,877 + 29,839 907,288 Reserve balances with Federal Reserve Banks 8,924 + 1,988 - 18 14,053 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 2,032,260 + 1,651 + 338,302 2,027,987 U.S. Treasury 1,231,478 - 2,610 + 86,004 1,230,603 Federal agency 800,782 + 4,261 + 252,297 797,384 Securities lent to dealers 8,098 + 1,649 + 7,038 10,448 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 31, 2007 Oct 24, 2007 Nov 1, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,251 + 35 + 417 Securities, repurchase agreements, and loans 828,178 + 2,101 + 33,064 Securities held outright 779,586 + 12 + 9,668 U.S. Treasury1 779,586 + 12 + 9,668 Bills2 267,019 0 - 10,000 Notes and bonds, nominal2 470,984 - 1,158 + 11,919 Notes and bonds, inflation-indexed2 36,911 + 1,158 + 7,300 Inflation compensation3 4,672 + 11 + 449 Federal agency2 0 0 0 Repurchase agreements4 48,500 + 2,500 + 23,500 Loans 92 - 410 - 105 Items in process of collection (660) 2,210 - 144 - 7,405 Bank premises 2,118 + 12 + 206 Other assets5 39,936 - 49 + 1,100 Total assets (660) 886,929 + 1,956 + 27,381 Liabilities Federal Reserve notes, net of F.R. Bank holdings 778,155 + 1,454 + 18,066 Reverse repurchase agreements6 38,055 + 627 + 6,869 Deposits (0) 25,915 - 328 - 1,277 Depository institutions 20,720 - 387 - 1,051 U.S. Treasury, general account 4,307 - 430 - 700 Foreign official 601 + 502 + 510 Other (0) 287 - 13 - 36 Deferred availability cash items (660) 2,955 - 34 - 1,865 Other liabilities and accrued dividends7 5,724 - 210 + 163 Total liabilities (660) 850,803 + 1,507 + 21,954 Capital accounts Capital paid in 17,947 + 191 + 2,834 Surplus 15,455 + 17 + 2,554 Other capital accounts 2,724 + 240 + 38 Total capital 36,126 + 448 + 5,426 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 31, 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 72 61,096 + 3,518 0 0 48,500 38,055 16 days to 90 days 20 148,087 - 9,908 0 0 0 0 91 days to 1 year 0 164,893 - 1,136 0 0 . . . . . . Over 1 year to 5 years . . . 243,868 + 7,549 0 0 . . . . . . Over 5 years to 10 years . . . 75,475 - 3 0 0 . . . . . . Over 10 years . . . 86,167 - 7 0 0 . . . . . . All 92 779,586 + 12 0 0 48,500 38,055 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 31, 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 5 1 4 3 7 0 8 9 1 1 4 1 3 4 1 7 2 1 4 0 5 0 4 5 8 1 1 3 3 179 Securities, repurchase agreements, and loans 828,1 7 8 38,1 6 3 299,8 4 8 36,6 5 0 33,8 8 8 71,7 4 7 76,8 0 3 69,4 7 9 26,4 6 7 16,5 4 9 26,8 2 4 36,3 9 0 95,369 Securities held outright 779,5 8 6 35,9 2 8 282,2 8 6 34,4 8 9 31,9 0 3 67,5 4 5 72,3 0 5 65,3 8 9 24,9 1 6 15,5 5 4 25,2 3 6 34,2 5 2 89,782 U.S. Treasury1 779,5 8 6 35,9 2 8 282,2 8 6 34,4 8 9 31,9 0 3 67,5 4 5 72,3 0 5 65,3 8 9 24,9 1 6 15,5 5 4 25,2 3 6 34,2 5 2 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 6 7 23,6 2 2 185,5 9 9 22,6 7 6 20,9 7 6 44,4 1 0 47,5 3 9 42,9 9 2 16,3 8 2 10,2 2 7 16,5 9 2 22,5 2 0 59,030 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 48,5 0 0 2,2 3 5 17,5 6 2 2,1 4 6 1,9 8 5 4,2 0 2 4,4 9 8 4,0 6 8 1,5 5 0 9 6 8 1,5 7 0 2,1 3 1 5,586 Loans 9 2 0 0 1 5 0 0 0 2 2 1 2 7 1 8 7 2 Items in process of collection 2,8 6 9 7 4 6 0 3 4 0 3 1 3 1 6 9 2 7 0 2 2 2 5 5 1 8 4 3 8 9 1 4 4 651 Bank premises 2,1 1 8 1 1 9 2 1 6 6 3 1 5 4 1 8 0 2 3 0 2 0 6 1 1 0 1 1 3 2 5 9 2 5 8 213 Other assets5 39,9 3 6 1,3 3 5 12,3 4 8 3,3 7 8 2,3 0 4 7,5 2 0 3,4 0 8 2,5 9 8 8 0 7 7 5 0 7 9 8 1,0 4 0 3,650 Interdistrict settlement account 0 - 3,6 5 6 +12,9 9 8 - 1,2 6 9 - 2,0 7 8 + 3,4 2 0 - 6 6 - 7 8 8 + 2,3 4 4 - 1,5 2 3 + 3 2 0 - 3,7 6 0 - 5,943 Total assets 887,5 8 9 36,6 4 2 330,4 6 6 39,7 8 9 35,2 2 6 84,1 8 6 82,0 9 9 72,9 7 2 30,2 3 0 16,3 5 1 29,0 7 2 34,9 1 5 95,639 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 31, 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 1,001,40 9 38,0 4 4 361,63 8 40,8 1 3 38,5 0 5 81,6 1 0 111,0 7 3 80,3 2 1 31,9 3 1 17,1 3 0 30,3 1 5 57,2 5 1 112,778 Less: notes held by F.R. Banks 223,25 3 6,2 3 4 70,02 9 7,9 5 4 8,5 8 1 14,9 0 6 37,3 7 8 14,3 9 8 3,9 6 1 3,1 2 6 3,8 0 2 25,7 7 7 27,108 Federal Reserve notes, net 778,15 5 31,8 1 0 291,60 9 32,8 5 9 29,9 2 5 66,7 0 4 73,6 9 5 65,9 2 3 27,9 7 0 14,0 0 4 26,5 1 3 31,4 7 4 85,670 Reverse repurchase agreements1 38,05 5 1,7 5 4 13,78 0 1,6 8 4 1,5 5 7 3,2 9 7 3,5 2 9 3,1 9 2 1,2 1 6 7 5 9 1,2 3 2 1,6 7 2 4,383 Deposits 25,91 5 9 8 0 14,37 7 7 6 6 8 3 1 2,9 1 1 1,2 0 6 1,1 7 1 3 6 9 4 5 4 4 6 8 6 6 7 1,717 Depository institutions 20,72 0 9 7 5 9,32 5 7 6 1 7 8 9 2,7 9 6 1,2 4 1 1,1 6 9 3 6 6 4 5 3 4 6 6 6 6 6 1,713 U.S. Treasury, general account 4,30 7 0 4,30 7 0 0 0 0 0 0 0 0 0 0 Foreign official 60 1 1 57 1 5 3 1 1 3 2 0 1 0 1 3 Other 28 7 4 17 4 0 3 9 1 0 3 - 3 8 0 3 0 1 0 0 Deferred availability cash items 3,61 4 1 7 8 9 7 5 3 3 4 3 3 3 3 0 3 6 0 3 0 1 7 4 2 5 4 2 5 3 1 9 9 601 Other liabilities and accrued dividends2 5,72 4 2 6 7 1,79 0 2 8 1 2 7 2 6 7 7 5 4 9 4 7 3 2 2 4 1 5 5 2 0 5 2 7 1 559 Total liabilities 851,46 3 34,9 8 9 321,65 3 36,1 2 3 33,0 1 8 73,9 1 8 79,3 4 0 71,0 6 0 29,8 5 3 15,6 2 6 28,6 7 1 34,2 8 3 92,929 Capital Capital paid in 17,94 7 9 8 1 4,29 5 1,8 1 3 1,0 8 9 5,0 9 3 1,4 1 0 9 2 7 1 7 9 3 5 4 1 9 0 3 0 2 1,312 Surplus 15,45 5 3 9 6 3,84 2 1,8 1 1 1,0 8 7 4,0 9 9 1,2 7 8 8 6 1 1 6 7 2 7 6 1 7 6 2 1 4 1,248 Other capital 2,72 4 2 7 6 67 5 4 2 3 2 1,0 7 6 7 1 1 2 3 3 1 9 6 3 6 1 1 6 150 Total liabilities and capital 887,58 9 36,6 4 2 330,46 6 39,7 8 9 35,2 2 6 84,1 8 6 82,0 9 9 72,9 7 2 30,2 3 0 16,3 5 1 29,0 7 2 34,9 1 5 95,639 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 31, 2007 Federal Reserve notes outstanding 1,001,409 Less: Notes held by F.R. Banks not subject to collateralization 223,253 Federal Reserve notes to be collateralized 778,155 Collateral held against Federal Reserve notes 778,155 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 764,919 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 828,086 Less: face value of securities under reverse repurchase agreements 38,345 U.S. Treasury and agency securities eligible to be pledged 789,740 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.