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 15, 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 14, 2007 Nov 7, 2007 Nov 15, 2006 Nov 14, 2007 Reserve Bank credit 865,773 + 1,412 + 30,860 873,345 Securities held outright 779,631 + 28 + 9,279 779,639 U.S. Treasury1 779,631 + 28 + 9,279 779,639 Bills2 267,019 0 - 10,000 267,019 Notes and bonds, nominal2 470,984 0 + 11,967 470,984 Notes and bonds, inflation-indexed2 36,911 0 + 6,806 36,911 Inflation compensation3 4,718 + 29 + 507 4,726 Federal agency2 0 0 0 0 Repurchase agreements4 43,250 + 429 + 17,464 49,500 Loans to depository institutions 567 + 322 + 445 60 Primary credit 523 + 332 + 520 11 Secondary credit 0 0 0 0 Seasonal credit 44 - 10 - 74 49 Float -917 - 253 - 452 757 Other Federal Reserve assets 43,242 + 886 + 4,123 43,389 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,723 + 14 + 573 38,723 Total factors supplying reserve funds 917,737 + 1,426 + 31,433 925,309 Currency in circulation5 821,078 + 5,292 + 21,160 821,664 Reverse repurchase agreements6 35,176 - 2,114 + 2,701 34,703 Foreign official and international accounts 35,176 - 2,114 + 2,701 34,703 Dealers 0 0 0 0 Treasury cash holdings 278 - 20 + 96 276 Deposits with F.R. Banks, other than reserve balances 11,954 - 134 - 232 12,318 U.S. Treasury, general account 5,143 + 24 + 183 5,540 Foreign official 102 + 4 + 11 97 Service-related 6,397 - 187 - 430 6,397 Required clearing balances 6,382 - 202 - 426 6,382 Adjustments to compensate for float 15 + 15 - 5 15 Other 312 + 25 + 4 284 Other liabilities and capital 42,932 + 623 + 8,195 42,386 Total factors, other than reserve balances, absorbing reserve funds 911,418 + 3,646 + 31,920 911,347 Reserve balances with Federal Reserve Banks 6,319 - 2,220 - 487 13,962 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 2,028,735 - 3,836 + 325,011 2,033,228 U.S. Treasury 1,234,478 - 2,697 + 84,894 1,237,555 Federal agency 794,258 - 1,138 + 240,118 795,673 Securities lent to dealers 8,096 + 847 + 7,482 7,672 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 14, 2007 Nov 7, 2007 Nov 15, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,203 - 27 + 370 Securities, repurchase agreements, and loans 829,200 + 243 + 23,782 Securities held outright 779,639 + 26 + 9,589 U.S. Treasury1 779,639 + 26 + 9,589 Bills2 267,019 0 - 10,000 Notes and bonds, nominal2 470,984 0 + 12,254 Notes and bonds, inflation-indexed2 36,911 0 + 6,806 Inflation compensation3 4,726 + 27 + 529 Federal agency2 0 0 0 Repurchase agreements4 49,500 + 1,500 + 14,250 Loans 60 - 1,284 - 58 Items in process of collection (1,294) 5,885 + 2,954 + 2,009 Bank premises 2,111 + 1 + 202 Other assets5 41,386 + 621 + 7,097 Total assets (1,294) 893,020 + 3,791 + 33,458 Liabilities Federal Reserve notes, net of F.R. Bank holdings 784,415 + 2,211 + 19,460 Reverse repurchase agreements6 34,703 - 1,655 + 1,939 Deposits (0) 26,388 + 1,320 + 3,519 Depository institutions 20,467 + 670 + 2,803 U.S. Treasury, general account 5,540 + 638 + 720 Foreign official 97 - 1 + 5 Other (0) 284 + 12 - 10 Deferred availability cash items (1,294) 5,128 + 1,743 + 770 Other liabilities and accrued dividends7 5,940 - 23 + 3 Total liabilities (1,294) 856,574 + 3,597 + 25,690 Capital accounts Capital paid in 18,078 + 125 + 2,789 Surplus 15,456 0 + 4,902 Other capital accounts 2,913 + 69 + 78 Total capital 36,446 + 194 + 7,768 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 14, 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 20 58,408 + 14,364 0 0 49,500 34,703 16 days to 90 days 41 157,628 - 13,951 0 0 0 0 91 days to 1 year 0 160,879 - 410 0 0 . . . . . . Over 1 year to 5 years . . . 241,053 + 10 0 0 . . . . . . Over 5 years to 10 years . . . 75,484 + 4 0 0 . . . . . . Over 10 years . . . 86,188 + 10 0 0 . . . . . . All 60 779,639 + 26 0 0 49,500 34,703 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 14, 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 0 3 3 6 6 5 8 6 1 1 2 1 3 6 1 6 4 1 3 5 4 8 4 2 7 9 1 2 7 173 Securities, repurchase agreements, and loans 829,2 0 0 38,2 1 2 300,2 2 9 36,6 8 8 33,9 3 1 71,8 3 8 76,9 0 1 69,5 5 8 26,5 0 2 16,5 5 4 26,8 5 2 36,4 3 5 95,499 Securities held outright 779,6 3 9 35,9 3 0 282,3 0 5 34,4 9 2 31,9 0 5 67,5 5 0 72,3 1 0 65,3 9 4 24,9 1 8 15,5 5 6 25,2 3 8 34,2 5 5 89,788 U.S. Treasury1 779,6 3 9 35,9 3 0 282,3 0 5 34,4 9 2 31,9 0 5 67,5 5 0 72,3 1 0 65,3 9 4 24,9 1 8 15,5 5 6 25,2 3 8 34,2 5 5 89,788 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 2 1 23,6 2 5 185,6 1 8 22,6 7 9 20,9 7 8 44,4 1 5 47,5 4 4 42,9 9 7 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 49,5 0 0 2,2 8 1 17,9 2 4 2,1 9 0 2,0 2 6 4,2 8 9 4,5 9 1 4,1 5 2 1,5 8 2 9 8 8 1,6 0 2 2,1 7 5 5,701 Loans 6 0 0 0 7 0 0 0 1 2 2 1 1 1 2 6 10 Items in process of collection 7,1 7 9 2 6 9 6 7 7 9 2 9 8 2 0 4 0 0 1,0 4 1 4 7 3 1 4 9 3 1 4 7 9 9 4 1 0 897 Bank premises 2,1 1 1 1 1 9 2 1 6 6 2 1 5 4 1 7 9 2 3 0 2 0 6 1 0 7 1 1 3 2 5 9 2 5 8 210 Other assets5 41,3 8 6 1,3 8 7 12,8 0 5 3,4 7 9 2,3 7 7 7,7 5 0 3,5 6 0 2,6 9 9 8 4 3 7 7 7 8 2 9 1,0 8 6 3,793 Interdistrict settlement account 0 - 3,1 9 8 + 6,6 4 9 - 1,7 1 1 - 1,2 9 8 + 6,6 8 0 - 1,7 4 9 - 3 9 + 2,8 7 8 - 5 9 + 4 3 9 - 3,1 2 0 - 5,471 Total assets 894,3 1 4 37,3 8 9 325,5 6 7 40,0 7 1 36,6 2 7 87,9 9 9 81,4 2 9 74,1 4 7 30,9 2 3 17,9 7 4 29,6 5 8 35,9 0 8 96,621 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 14, 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 1,004,13 3 38,4 4 9 360,04 2 41,0 4 3 38,4 0 1 81,6 4 4 110,2 2 2 81,5 2 2 32,7 1 7 18,2 4 3 30,7 6 5 57,5 7 1 113,514 Less: notes held by F.R. Banks 219,71 8 5,9 2 0 69,66 3 7,8 5 5 7,5 8 8 14,1 4 4 37,2 6 0 14,6 9 7 3,9 2 2 2,9 7 4 3,6 8 3 25,3 5 8 26,655 Federal Reserve notes, net 784,41 5 32,5 2 9 290,37 8 33,1 8 8 30,8 1 4 67,5 0 0 72,9 6 2 66,8 2 6 28,7 9 5 15,2 6 9 27,0 8 1 32,2 1 3 86,860 Reverse repurchase agreements1 34,70 3 1,5 9 9 12,56 6 1,5 3 5 1,4 2 0 3,0 0 7 3,2 1 9 2,9 1 1 1,1 0 9 6 9 2 1,1 2 3 1,5 2 5 3,997 Deposits 26,38 8 9 8 7 11,77 6 3 8 0 1,0 8 8 5,7 9 1 1,0 8 2 1,6 1 6 2 5 9 7 5 7 4 0 1 7 8 0 1,470 Depository institutions 20,46 7 9 8 4 5,98 2 3 7 5 1,0 8 4 5,6 9 2 1,0 7 8 1,6 1 2 2 5 8 7 5 6 3 9 9 7 8 0 1,467 U.S. Treasury, general account 5,54 0 0 5,54 0 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 28 4 3 18 7 0 1 8 9 0 1 1 0 1 0 0 Deferred availability cash items 6,42 2 2 7 6 15 9 1,0 0 5 7 4 5 5 9 4 7 5 8 5 0 1 1 5 9 3 7 4 4 4 8 3 9 0 1,013 Other liabilities and accrued dividends2 5,94 0 2 6 4 1,74 2 2 8 6 2 7 9 9 6 0 5 1 7 4 7 5 2 1 9 1 5 8 2 0 0 2 7 6 565 Total liabilities 857,86 8 35,6 5 6 316,62 1 36,3 9 5 34,3 4 5 77,8 5 1 78,5 3 8 72,3 2 8 30,5 4 1 17,2 5 1 29,2 5 4 35,1 8 3 93,905 Capital Capital paid in 18,07 8 9 8 5 4,35 3 1,8 1 3 1,1 5 4 5,0 9 3 1,4 1 0 8 7 3 1 8 0 3 5 4 1 9 0 3 6 1 1,312 Surplus 15,45 6 3 9 6 3,84 2 1,8 1 1 1,0 8 8 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 2,91 3 3 5 3 75 1 5 2 4 0 9 5 6 2 0 3 8 6 3 6 9 3 3 7 1 4 9 156 Total liabilities and capital 894,31 4 37,3 8 9 325,56 7 40,0 7 1 36,6 2 7 87,9 9 9 81,4 2 9 74,1 4 7 30,9 2 3 17,9 7 4 29,6 5 8 35,9 0 8 96,621 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 14, 2007 Federal Reserve notes outstanding 1,004,133 Less: Notes held by F.R. Banks not subject to collateralization 219,718 Federal Reserve notes to be collateralized 784,415 Collateral held against Federal Reserve notes 784,415 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 771,178 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 829,139 Less: face value of securities under reverse repurchase agreements 34,879 U.S. Treasury and agency securities eligible to be pledged 794,260 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.