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 29, 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 28, 2007 Nov 21, 2007 Nov 29, 2006 Nov 28, 2007 Reserve Bank credit 869,619 + 1,483 + 25,586 865,646 Securities held outright 779,683 + 26 + 7,609 779,693 U.S. Treasury1 779,683 + 26 + 7,609 779,693 Bills2 267,019 0 - 10,000 267,019 Notes and bonds, nominal2 470,984 0 + 10,166 470,984 Notes and bonds, inflation-indexed2 36,911 0 + 6,806 36,911 Inflation compensation3 4,770 + 27 + 637 4,779 Federal agency2 0 0 0 0 Repurchase agreements4 49,250 + 964 + 14,500 46,000 Loans to depository institutions 55 - 426 - 56 54 Primary credit 7 - 427 - 4 8 Secondary credit 0 0 0 0 Seasonal credit 48 + 2 - 53 46 Float -568 + 56 - 165 -1,255 Other Federal Reserve assets 41,200 + 863 + 3,699 41,154 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,751 + 14 + 583 38,751 Total factors supplying reserve funds 921,611 + 1,497 + 26,169 917,638 Currency in circulation5 821,992 + 1,232 + 14,286 821,000 Reverse repurchase agreements6 35,146 + 54 + 4,670 34,272 Foreign official and international accounts 35,146 + 54 + 4,670 34,272 Dealers 0 0 0 0 Treasury cash holdings 267 - 8 + 104 266 Deposits with F.R. Banks, other than reserve balances 12,071 + 303 - 170 11,586 U.S. Treasury, general account 5,176 + 217 + 146 4,711 Foreign official 97 - 1 + 7 97 Service-related 6,487 + 104 - 345 6,487 Required clearing balances 6,487 + 106 - 345 6,487 Adjustments to compensate for float 0 - 2 0 0 Other 311 - 17 + 21 291 Other liabilities and capital 43,248 + 353 + 7,323 42,447 Total factors, other than reserve balances, absorbing reserve funds 912,724 + 1,934 + 26,213 909,571 Reserve balances with Federal Reserve Banks 8,887 - 437 - 44 8,067 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 2,031,475 + 5,703 + 320,163 2,033,461 U.S. Treasury 1,225,293 + 2,023 + 76,036 1,223,628 Federal agency 806,181 + 3,679 + 244,127 809,833 Securities lent to dealers 8,006 - 988 + 6,723 10,259 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 28, 2007 Nov 21, 2007 Nov 29, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,165 - 13 + 379 Securities, repurchase agreements, and loans 825,747 - 8,981 + 20,009 Securities held outright 779,693 + 23 + 7,083 U.S. Treasury1 779,693 + 23 + 7,083 Bills2 267,019 0 - 10,000 Notes and bonds, nominal2 470,984 0 + 9,616 Notes and bonds, inflation-indexed2 36,911 0 + 6,806 Inflation compensation3 4,779 + 23 + 661 Federal agency2 0 0 0 Repurchase agreements4 46,000 - 9,000 + 13,000 Loans 54 - 4 - 74 Items in process of collection (476) 1,563 - 2,802 - 1,525 Bank premises 2,114 0 + 202 Other assets5 39,024 + 176 + 3,132 Total assets (476) 882,848 - 11,623 + 22,196 Liabilities Federal Reserve notes, net of F.R. Bank holdings 783,675 - 2,702 + 12,608 Reverse repurchase agreements6 34,272 - 1,111 + 3,549 Deposits (0) 19,576 - 7,117 + 334 Depository institutions 14,477 - 6,490 + 449 U.S. Treasury, general account 4,711 - 613 - 96 Foreign official 97 + 1 + 5 Other (0) 291 - 15 - 25 Deferred availability cash items (476) 2,878 - 210 - 995 Other liabilities and accrued dividends7 5,904 + 8 - 80 Total liabilities (476) 846,305 - 11,132 + 15,415 Capital accounts Capital paid in 18,278 + 189 + 2,973 Surplus 15,457 0 + 4,903 Other capital accounts 2,809 - 679 - 1,095 Total capital 36,543 - 490 + 6,781 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 28, 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 49 58,200 + 1,321 0 0 46,000 34,272 16 days to 90 days 5 158,806 - 1,219 0 0 0 0 91 days to 1 year 0 160,446 - 99 0 0 . . . . . . Over 1 year to 5 years . . . 231,534 + 8 0 0 . . . . . . Over 5 years to 10 years . . . 81,931 + 4 0 0 . . . . . . Over 10 years . . . 88,776 + 9 0 0 . . . . . . All 54 779,693 + 23 0 0 46,000 34,272 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 28, 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 6 5 3 7 5 9 8 6 1 1 1 1 3 0 1 5 3 1 3 4 4 9 4 4 7 5 1 2 5 162 Securities, repurchase agreements, and loans 825,7 4 7 38,0 5 3 298,9 8 1 36,5 3 3 33,7 9 0 71,5 4 0 76,5 8 1 69,2 6 9 26,3 9 3 16,4 8 1 26,7 4 6 36,2 8 2 95,098 Securities held outright 779,6 9 3 35,9 3 3 282,3 2 5 34,4 9 4 31,9 0 8 67,5 5 4 72,3 1 5 65,3 9 8 24,9 2 0 15,5 5 7 25,2 3 9 34,2 5 7 89,794 U.S. Treasury1 779,6 9 3 35,9 3 3 282,3 2 5 34,4 9 4 31,9 0 8 67,5 5 4 72,3 1 5 65,3 9 8 24,9 2 0 15,5 5 7 25,2 3 9 34,2 5 7 89,794 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 7 4 23,6 2 7 185,6 3 8 22,6 8 1 20,9 8 0 44,4 1 9 47,5 4 9 43,0 0 1 16,3 8 6 10,2 2 9 16,5 9 6 22,5 2 5 59,043 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 4 0 0 4 0 0 0 1 3 3 7 1 7 4 7 Items in process of collection 2,0 3 9 8 1 4 1 3 4 8 2 0 2 1 0 9 2 1 8 1 7 2 4 4 1 5 3 1 1 8 1 5 5 397 Bank premises 2,1 1 4 1 2 0 2 1 6 6 3 1 5 4 1 7 9 2 3 0 2 0 4 1 0 7 1 1 3 2 5 9 2 5 8 212 Other assets5 39,0 2 4 1,2 7 2 11,9 3 2 3,5 0 5 2,2 7 8 7,5 4 1 3,3 0 3 2,4 9 4 7 2 8 7 2 5 7 4 9 9 7 5 3,522 Interdistrict settlement account 0 - 2,9 9 5 + 6,4 1 9 - 1,2 1 1 - 8 6 6 + 2,8 5 7 - 2,7 0 1 + 1 0 7 + 3,0 1 0 - 1 3 9 + 3,7 3 3 - 2,9 7 3 - 5,240 Total assets 883,3 2 4 37,1 3 2 322,5 7 5 39,8 6 1 36,2 0 1 83,3 7 2 79,0 6 7 73,4 9 4 30,7 2 7 17,6 1 0 32,0 8 1 35,5 3 2 95,671 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 28, 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 2 38,7 8 2 359,69 3 41,3 2 5 38,4 7 9 81,2 4 2 108,3 0 7 81,5 1 6 32,5 3 8 18,3 7 9 33,2 6 8 57,6 0 2 113,319 Less: notes held by F.R. Banks 220,77 7 5,8 7 1 71,21 5 7,8 8 3 7,3 6 7 13,9 3 8 37,3 6 0 14,5 5 4 3,8 6 4 2,8 8 3 3,5 2 2 25,3 9 0 26,929 Federal Reserve notes, net 783,67 5 32,9 1 1 288,47 8 33,4 4 1 31,1 1 2 67,3 0 4 70,9 4 7 66,9 6 2 28,6 7 5 15,4 9 6 29,7 4 6 32,2 1 3 86,390 Reverse repurchase agreements1 34,27 2 1,5 7 9 12,41 0 1,5 1 6 1,4 0 3 2,9 6 9 3,1 7 9 2,8 7 5 1,0 9 5 6 8 4 1,1 0 9 1,5 0 6 3,947 Deposits 19,57 6 4 2 5 10,82 0 5 1 9 6 1 4 1,7 2 8 1,2 2 1 1,1 1 1 2 9 5 3 0 4 4 1 5 6 1 9 1,504 Depository institutions 14,47 7 4 1 2 5,85 7 5 1 5 6 1 0 1,6 4 0 1,2 1 7 1,1 0 9 2 8 2 3 0 3 4 1 3 6 1 9 1,501 U.S. Treasury, general account 4,71 1 0 4,71 1 0 0 0 0 0 0 0 0 0 0 Foreign official 9 7 1 6 6 5 3 1 1 3 2 0 1 0 1 3 Other 29 1 1 2 18 6 0 1 7 7 0 0 1 2 0 1 0 0 Deferred availability cash items 3,35 4 1 5 2 7 2 4 7 4 4 7 9 2 5 7 3 3 2 2 8 3 7 1 2 5 4 2 1 6 1 7 4 590 Other liabilities and accrued dividends2 5,90 4 2 6 2 1,73 3 2 8 5 2 7 7 9 5 4 5 2 3 4 6 8 2 1 5 1 5 7 1 9 7 2 7 4 560 Total liabilities 846,78 1 35,3 3 1 313,51 2 36,2 3 6 33,8 8 5 73,2 1 2 76,2 0 1 71,6 9 8 30,3 5 1 16,8 9 5 31,6 8 4 34,7 8 6 92,990 Capital Capital paid in 18,27 8 9 8 5 4,53 8 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 2 1,317 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 2,80 9 4 2 0 68 3 0 7 4 9 6 8 1 7 8 5 5 2 9 8 5 3 1 1 7 0 115 Total liabilities and capital 883,32 4 37,1 3 2 322,57 5 39,8 6 1 36,2 0 1 83,3 7 2 79,0 6 7 73,4 9 4 30,7 2 7 17,6 1 0 32,0 8 1 35,5 3 2 95,671 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 28, 2007 Federal Reserve notes outstanding 1,004,452 Less: Notes held by F.R. Banks not subject to collateralization 220,777 Federal Reserve notes to be collateralized 783,675 Collateral held against Federal Reserve notes 783,675 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 770,439 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 825,693 Less: face value of securities under reverse repurchase agreements 34,310 U.S. Treasury and agency securities eligible to be pledged 791,383 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.