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 8, 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 Nov 7, 2007 Oct 31, 2007 Nov 8, 2006 Nov 7, 2007 Reserve Bank credit 864,361 + 1,666 + 29,150 871,373 Securities held outright 779,603 + 35 + 9,632 779,613 U.S. Treasury1 779,603 + 35 + 9,632 779,613 Bills2 267,019 0 - 10,000 267,019 Notes and bonds, nominal2 470,984 - 993 + 11,919 470,984 Notes and bonds, inflation-indexed2 36,911 + 993 + 7,230 36,911 Inflation compensation3 4,689 + 35 + 483 4,699 Federal agency2 0 0 0 0 Repurchase agreements4 42,821 + 1,571 + 19,285 48,000 Loans to depository institutions 245 - 38 + 76 1,344 Primary credit 191 + 1 + 146 1,300 Secondary credit 0 0 0 0 Seasonal credit 54 - 39 - 70 44 Float -664 + 65 - 1,294 -373 Other Federal Reserve assets 42,356 + 33 + 1,451 42,790 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,709 + 14 + 568 38,709 Total factors supplying reserve funds 916,311 + 1,680 + 29,718 923,323 Currency in circulation5 815,786 + 2,704 + 18,447 819,409 Reverse repurchase agreements6 37,290 - 841 + 5,125 36,358 Foreign official and international accounts 37,290 - 841 + 5,125 36,358 Dealers 0 0 0 0 Treasury cash holdings 298 - 10 + 108 278 Deposits with F.R. Banks, other than reserve balances 12,088 + 83 - 249 11,855 U.S. Treasury, general account 5,119 + 169 + 85 4,902 Foreign official 98 - 71 - 2 98 Service-related 6,584 - 1 - 348 6,584 Required clearing balances 6,584 - 1 - 348 6,584 Adjustments to compensate for float 0 0 0 0 Other 287 - 14 + 15 272 Other liabilities and capital 42,309 + 128 + 5,672 42,215 Total factors, other than reserve balances, absorbing reserve funds 907,772 + 2,064 + 29,104 910,115 Reserve balances with Federal Reserve Banks 8,539 - 384 + 614 13,208 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 2,032,571 + 311 + 336,507 2,029,132 U.S. Treasury 1,237,175 + 5,697 + 92,541 1,236,921 Federal agency 795,396 - 5,386 + 243,966 792,210 Securities lent to dealers 7,249 - 849 + 5,599 8,211 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 Nov 7, 2007 Oct 31, 2007 Nov 8, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,230 - 21 + 383 Securities, repurchase agreements, and loans 828,957 + 779 + 26,714 Securities held outright 779,613 + 27 + 9,188 U.S. Treasury1 779,613 + 27 + 9,188 Bills2 267,019 0 - 10,000 Notes and bonds, nominal2 470,984 0 + 11,919 Notes and bonds, inflation-indexed2 36,911 0 + 6,806 Inflation compensation3 4,699 + 27 + 463 Federal agency2 0 0 0 Repurchase agreements4 48,000 - 500 + 16,500 Loans 1,344 + 1,252 + 1,026 Items in process of collection (831) 2,931 + 721 - 2,233 Bank premises 2,110 - 8 + 206 Other assets5 40,765 + 829 + 1,521 Total assets (831) 889,229 + 2,300 + 26,590 Liabilities Federal Reserve notes, net of F.R. Bank holdings 782,204 + 4,049 + 19,021 Reverse repurchase agreements6 36,358 - 1,697 + 4,871 Deposits (-3) 25,068 - 847 - 2,238 Depository institutions 19,797 - 923 - 2,455 U.S. Treasury, general account 4,902 + 595 + 278 Foreign official 98 - 503 - 57 Other (-3) 272 - 15 - 3 Deferred availability cash items (835) 3,385 + 430 - 1,065 Other liabilities and accrued dividends7 5,963 + 239 + 353 Total liabilities (831) 852,977 + 2,174 + 20,941 Capital accounts Capital paid in 17,953 + 6 + 2,657 Surplus 15,456 + 1 + 2,555 Other capital accounts 2,844 + 120 + 438 Total capital 36,252 + 126 + 5,649 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, November 7, 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 1,311 44,044 - 17,052 0 0 48,000 36,358 16 days to 90 days 33 171,579 + 23,492 0 0 0 0 91 days to 1 year 0 161,289 - 3,604 0 0 . . . . . . Over 1 year to 5 years . . . 241,043 - 2,825 0 0 . . . . . . Over 5 years to 10 years . . . 75,480 + 5 0 0 . . . . . . Over 10 years . . . 86,178 + 11 0 0 . . . . . . All 1,344 779,613 + 27 0 0 48,000 36,358 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 November 7, 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 3 0 3 9 6 6 8 8 1 1 4 1 3 6 1 6 9 1 3 9 4 9 4 2 7 9 1 3 0 179 Securities, repurchase agreements, and loans 828,9 5 7 38,1 4 1 299,7 9 6 36,6 1 9 34,9 5 9 71,7 9 6 76,7 5 9 69,4 2 6 26,4 5 1 16,5 2 5 26,8 0 1 36,3 6 9 95,313 Securities held outright 779,6 1 3 35,9 2 9 282,2 9 6 34,4 9 0 31,9 0 4 67,5 4 7 72,3 0 7 65,3 9 1 24,9 1 7 15,5 5 5 25,2 3 7 34,2 5 4 89,785 U.S. Treasury1 779,6 1 3 35,9 2 9 282,2 9 6 34,4 9 0 31,9 0 4 67,5 4 7 72,3 0 7 65,3 9 1 24,9 1 7 15,5 5 5 25,2 3 7 34,2 5 4 89,785 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 9 4 23,6 2 3 185,6 0 9 22,6 7 7 20,9 7 7 44,4 1 2 47,5 4 2 42,9 9 5 16,3 8 3 10,2 2 7 16,5 9 3 22,5 2 2 59,033 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 48,0 0 0 2,2 1 2 17,3 8 1 2,1 2 4 1,9 6 4 4,1 5 9 4,4 5 2 4,0 2 6 1,5 3 4 9 5 8 1,5 5 4 2,1 0 9 5,528 Loans 1,3 4 4 0 1 2 0 5 1,0 9 0 9 0 0 9 0 1 3 1 1 7 0 Items in process of collection 3,7 6 3 1 3 2 7 0 2 7 8 4 1 9 2 5 8 3 6 3 3 4 1 1 6 2 2 8 2 2 4 6 3 2 3 886 Bank premises 2,1 1 0 1 1 9 2 1 6 6 2 1 5 4 1 7 8 2 3 0 2 0 6 1 0 7 1 1 3 2 5 9 2 5 8 209 Other assets5 40,7 6 5 1,3 6 5 12,5 9 7 3,4 4 1 2,3 5 0 7,6 5 5 3,4 9 3 2,6 5 5 8 2 7 7 6 9 8 1 7 1,0 6 6 3,730 Interdistrict settlement account 0 - 3,9 8 8 +13,2 2 4 - 1,1 8 3 - 2,8 5 8 + 2,5 3 5 - 2 9 2 - 6 0 4 + 2,7 9 9 - 6 0 7 + 6 0 4 - 3,7 4 9 - 5,881 Total assets 890,0 6 1 36,3 7 3 330,8 9 6 39,8 4 3 35,6 6 9 83,5 7 5 82,0 0 5 73,2 7 8 30,7 9 3 17,3 5 8 29,2 0 8 35,1 0 7 95,956 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 November 7, 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 1,002,82 9 38,2 2 2 360,60 8 40,8 9 9 38,4 4 6 81,5 3 1 110,4 6 3 80,7 9 1 32,4 6 6 18,2 6 1 30,5 3 2 57,4 2 2 113,188 Less: notes held by F.R. Banks 220,62 5 6,0 9 8 69,28 9 7,9 4 7 8,0 2 5 14,4 9 0 36,7 7 4 14,5 2 0 3,8 8 4 3,0 3 0 3,8 4 4 25,6 5 3 27,069 Federal Reserve notes, net 782,20 4 32,1 2 4 291,31 9 32,9 5 2 30,4 2 1 67,0 4 1 73,6 8 8 66,2 7 1 28,5 8 2 15,2 3 1 26,6 8 8 31,7 6 9 86,119 Reverse repurchase agreements1 36,35 8 1,6 7 6 13,16 5 1,6 0 8 1,4 8 8 3,1 5 0 3,3 7 2 3,0 5 0 1,1 6 2 7 2 5 1,1 7 7 1,5 9 7 4,187 Deposits 25,06 4 4 1 2 15,62 0 7 6 6 6 6 8 2,0 3 1 1,1 5 1 1,2 4 3 3 5 9 2 3 0 4 0 0 5 5 6 1,629 Depository institutions 19,79 7 4 0 9 10,48 3 7 6 1 6 6 4 1,9 2 2 1,1 4 8 1,2 4 1 3 5 7 2 2 9 3 9 8 5 5 9 1,625 U.S. Treasury, general account 4,90 2 0 4,90 2 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 26 8 2 16 8 0 0 9 8 0 0 1 0 1 - 3 0 Deferred availability cash items 4,22 0 2 0 3 9 4 5 4 1 5 9 1 3 4 4 3 9 0 3 7 5 8 8 2 8 9 3 4 4 2 1 8 744 Other liabilities and accrued dividends2 5,96 3 2 6 7 1,74 6 2 8 3 2 7 3 9 5 1 5 6 3 4 7 3 2 1 8 1 5 6 1 9 7 2 7 4 562 Total liabilities 853,80 9 34,6 8 2 321,94 3 36,1 5 0 33,4 4 1 73,5 1 7 79,1 6 5 71,4 1 1 30,4 0 8 16,6 3 1 28,8 0 5 34,4 1 4 93,241 Capital Capital paid in 17,95 3 9 8 1 4,29 6 1,8 1 3 1,0 8 9 5,0 9 3 1,4 1 0 8 7 2 1 8 0 3 5 4 1 9 0 3 6 1 1,313 Surplus 15,45 6 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 2,84 4 3 1 4 81 6 6 8 5 1 8 6 6 1 5 2 1 3 4 3 8 9 7 3 6 1 1 8 154 Total liabilities and capital 890,06 1 36,3 7 3 330,89 6 39,8 4 3 35,6 6 9 83,5 7 5 82,0 0 5 73,2 7 8 30,7 9 3 17,3 5 8 29,2 0 8 35,1 0 7 95,956 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 Nov 7, 2007 Federal Reserve notes outstanding 1,002,829 Less: Notes held by F.R. Banks not subject to collateralization 220,625 Federal Reserve notes to be collateralized 782,204 Collateral held against Federal Reserve notes 782,204 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 768,967 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 827,613 Less: face value of securities under reverse repurchase agreements 36,441 U.S. Treasury and agency securities eligible to be pledged 791,171 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.