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 23, 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 21, 2007 Nov 14, 2007 Nov 22, 2006 Nov 21, 2007 Reserve Bank credit 868,136 + 2,363 + 29,261 876,859 Securities held outright 779,657 + 26 + 9,099 779,670 U.S. Treasury1 779,657 + 26 + 9,099 779,670 Bills2 267,019 0 - 10,000 267,019 Notes and bonds, nominal2 470,984 0 + 11,720 470,984 Notes and bonds, inflation-indexed2 36,911 0 + 6,806 36,911 Inflation compensation3 4,743 + 25 + 572 4,756 Federal agency2 0 0 0 0 Repurchase agreements4 48,286 + 5,036 + 16,322 55,000 Loans to depository institutions 481 - 86 + 282 58 Primary credit 434 - 89 + 334 11 Secondary credit 0 0 0 2 Seasonal credit 46 + 2 - 53 45 Float -624 + 293 - 243 1,277 Other Federal Reserve assets 40,337 - 2,905 + 3,803 40,853 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,737 + 14 + 578 38,737 Total factors supplying reserve funds 920,114 + 2,377 + 29,839 928,837 Currency in circulation5 820,760 - 318 + 17,750 823,673 Reverse repurchase agreements6 35,092 - 84 + 3,899 35,383 Foreign official and international accounts 35,092 - 84 + 3,899 35,383 Dealers 0 0 0 0 Treasury cash holdings 275 - 3 + 100 268 Deposits with F.R. Banks, other than reserve balances 11,768 - 186 - 78 12,109 U.S. Treasury, general account 4,959 - 184 + 296 5,324 Foreign official 98 - 4 + 7 96 Service-related 6,383 - 14 - 422 6,383 Required clearing balances 6,381 - 1 - 424 6,381 Adjustments to compensate for float 2 - 13 + 2 2 Other 328 + 16 + 40 306 Other liabilities and capital 42,895 - 37 + 7,730 42,930 Total factors, other than reserve balances, absorbing reserve funds 910,790 - 628 + 29,401 914,363 Reserve balances with Federal Reserve Banks 9,324 + 3,005 + 438 14,474 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 2,025,772 - 2,963 + 316,166 2,027,434 U.S. Treasury 1,223,270 - 11,208 + 71,917 1,223,046 Federal agency 802,502 + 8,244 + 244,250 804,388 Securities lent to dealers 8,994 + 898 + 8,306 9,060 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 21, 2007 Nov 14, 2007 Nov 22, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,178 - 25 + 373 Securities, repurchase agreements, and loans 834,728 + 5,528 + 19,716 Securities held outright 779,670 + 31 + 7,797 U.S. Treasury1 779,670 + 31 + 7,797 Bills2 267,019 0 - 10,000 Notes and bonds, nominal2 470,984 0 + 10,386 Notes and bonds, inflation-indexed2 36,911 0 + 6,806 Inflation compensation3 4,756 + 30 + 604 Federal agency2 0 0 0 Repurchase agreements4 55,000 + 5,500 + 12,000 Loans 58 - 2 - 81 Items in process of collection (568) 4,365 - 1,520 + 1,289 Bank premises 2,114 + 3 + 204 Other assets5 38,848 - 2,538 + 3,795 Total assets (568) 894,471 + 1,451 + 25,378 Liabilities Federal Reserve notes, net of F.R. Bank holdings 786,377 + 1,962 + 15,744 Reverse repurchase agreements6 35,383 + 680 + 6,048 Deposits (0) 26,693 + 305 - 2,535 Depository institutions 20,967 + 500 - 3,760 U.S. Treasury, general account 5,324 - 216 + 1,196 Foreign official 96 - 1 + 4 Other (0) 306 + 22 + 26 Deferred availability cash items (568) 3,088 - 2,040 - 1,413 Other liabilities and accrued dividends7 5,896 - 44 - 36 Total liabilities (568) 857,437 + 863 + 17,809 Capital accounts Capital paid in 18,089 + 11 + 2,794 Surplus 15,457 + 1 + 4,903 Other capital accounts 3,488 + 575 - 128 Total capital 37,033 + 587 + 7,568 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 21, 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 58 56,879 - 1,529 0 0 55,000 35,383 16 days to 90 days 0 160,025 + 2,397 0 0 0 0 91 days to 1 year 0 160,545 - 334 0 0 . . . . . . Over 1 year to 5 years . . . 231,526 - 9,527 0 0 . . . . . . Over 5 years to 10 years . . . 81,927 + 6,443 0 0 . . . . . . Over 10 years . . . 88,767 + 2,579 0 0 . . . . . . All 58 779,670 + 31 0 0 55,000 35,383 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 21, 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 8 3 6 6 3 8 5 1 1 3 1 3 3 1 5 8 1 3 1 4 9 4 2 7 6 1 2 6 165 Securities, repurchase agreements, and loans 834,7 2 8 38,4 6 6 302,2 3 2 36,9 3 3 34,1 5 7 72,3 1 8 77,4 1 4 70,0 1 7 26,6 7 9 16,6 6 5 27,0 3 4 36,6 7 7 96,138 Securities held outright 779,6 7 0 35,9 3 2 282,3 1 6 34,4 9 3 31,9 0 7 67,5 5 2 72,3 1 3 65,3 9 6 24,9 1 9 15,5 5 6 25,2 3 9 34,2 5 6 89,792 U.S. Treasury1 779,6 7 0 35,9 3 2 282,3 1 6 34,4 9 3 31,9 0 7 67,5 5 2 72,3 1 3 65,3 9 6 24,9 1 9 15,5 5 6 25,2 3 9 34,2 5 6 89,792 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 5 1 23,6 2 6 185,6 3 0 22,6 8 0 20,9 7 9 44,4 1 7 47,5 4 7 43,0 0 0 16,3 8 5 10,2 2 9 16,5 9 5 22,5 2 4 59,040 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 55,0 0 0 2,5 3 5 19,9 1 5 2,4 3 3 2,2 5 1 4,7 6 5 5,1 0 1 4,6 1 3 1,7 5 8 1,0 9 7 1,7 8 0 2,4 1 7 6,334 Loans 5 8 0 0 7 0 0 0 8 2 1 1 1 5 4 12 Items in process of collection 4,9 3 4 9 9 6 9 2 9 3 2,3 6 5 2 5 3 2 3 4 1 4 4 7 8 2 6 2 2 2 6 1 7 3 737 Bank premises 2,1 1 4 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 8 212 Other assets5 38,8 4 8 1,2 5 9 11,8 3 6 3,5 1 2 2,2 7 5 7,5 7 9 3,2 7 9 2,4 7 4 7 1 8 7 2 1 7 4 1 9 6 1 3,493 Interdistrict settlement account 0 - 3,0 5 9 + 6,9 2 9 - 1,6 9 1 - 2,7 0 9 + 5,2 2 8 - 1,8 9 8 - 1 4 0 + 2,8 1 9 - 1 9 7 + 3,2 7 9 - 2,9 8 4 - 5,576 Total assets 895,0 3 9 37,4 8 5 326,2 7 0 39,7 3 2 36,8 8 7 86,7 0 5 80,7 0 0 73,9 4 8 30,8 4 8 17,8 3 8 32,0 1 6 35,9 2 2 96,689 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 21, 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 1,004,45 0 38,3 7 3 360,71 8 41,0 0 3 38,2 2 7 81,1 2 0 109,3 1 0 81,2 3 1 32,5 7 5 18,2 7 7 33,0 8 5 57,5 1 6 113,014 Less: notes held by F.R. Banks 218,07 3 5,7 9 3 70,45 1 7,6 9 8 7,2 2 5 14,0 1 6 37,2 6 1 14,2 1 0 3,8 5 7 2,8 8 3 3,5 4 0 25,0 7 6 26,061 Federal Reserve notes, net 786,37 7 32,5 8 0 290,26 7 33,3 0 5 31,0 0 2 67,1 0 4 72,0 4 9 67,0 2 0 28,7 1 8 15,3 9 4 29,5 4 4 32,4 4 0 86,953 Reverse repurchase agreements1 35,38 3 1,6 3 1 12,81 2 1,5 6 5 1,4 4 8 3,0 6 6 3,2 8 2 2,9 6 8 1,1 3 1 7 0 6 1,1 4 5 1,5 5 5 4,075 Deposits 26,69 3 1,0 3 6 12,27 9 3 6 9 1,4 0 4 4,9 3 0 1,5 5 6 1,3 5 0 2 9 7 5 8 9 4 2 6 7 2 5 1,732 Depository institutions 20,96 7 1,0 2 1 6,70 2 3 6 1 1,4 0 0 4,8 3 2 1,5 5 2 1,3 4 6 2 8 6 5 8 8 4 2 5 7 2 5 1,729 U.S. Treasury, general account 5,32 4 0 5,32 4 0 0 0 0 0 0 0 0 0 0 Foreign official 9 6 1 6 6 5 3 1 1 3 2 0 1 0 1 3 Other 30 6 1 4 18 8 3 1 8 7 1 1 1 1 0 1 0 0 Deferred availability cash items 3,65 6 1 9 8 9 6 5 0 4 4 1 6 3 4 2 3 5 6 2 9 9 9 8 2 6 4 2 9 2 1 6 9 622 Other liabilities and accrued dividends2 5,89 6 2 6 4 1,72 7 2 8 2 2 7 4 9 5 3 5 2 6 4 6 9 2 1 5 1 5 6 2 0 0 2 7 4 556 Total liabilities 858,00 6 35,7 0 9 317,18 1 36,0 2 5 34,5 4 4 76,3 9 4 77,7 6 9 72,1 0 7 30,4 5 9 17,1 0 8 31,6 0 8 35,1 6 3 93,938 Capital Capital paid in 18,08 9 9 8 5 4,35 4 1,8 1 3 1,1 5 4 5,0 9 3 1,4 1 0 8 8 0 1 8 0 3 5 4 1 9 0 3 6 1 1,314 Surplus 15,45 7 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 3,48 8 3 9 5 89 4 8 2 1 0 1 1,1 1 9 2 4 2 9 9 4 2 1 0 0 4 2 1 8 4 188 Total liabilities and capital 895,03 9 37,4 8 5 326,27 0 39,7 3 2 36,8 8 7 86,7 0 5 80,7 0 0 73,9 4 8 30,8 4 8 17,8 3 8 32,0 1 6 35,9 2 2 96,689 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 21, 2007 Federal Reserve notes outstanding 1,004,450 Less: Notes held by F.R. Banks not subject to collateralization 218,073 Federal Reserve notes to be collateralized 786,377 Collateral held against Federal Reserve notes 786,377 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 773,140 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 834,670 Less: face value of securities under reverse repurchase agreements 35,423 U.S. Treasury and agency securities eligible to be pledged 799,247 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.