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 December 6, 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 Dec 5, 2007 Nov 28, 2007 Dec 6, 2006 Dec 5, 2007 Reserve Bank credit 866,962 - 2,658 + 24,652 868,380 Securities held outright 779,705 + 22 + 6,337 779,715 U.S. Treasury1 779,705 + 22 + 6,337 779,715 Bills2 267,019 0 - 10,000 267,019 Notes and bonds, nominal2 470,984 0 + 8,831 470,984 Notes and bonds, inflation-indexed2 36,911 0 + 6,806 36,911 Inflation compensation3 4,791 + 21 + 699 4,801 Federal agency2 0 0 0 0 Repurchase agreements4 46,857 - 2,393 + 17,178 46,500 Loans to depository institutions 342 + 287 + 159 2,146 Primary credit 309 + 302 + 208 2,108 Secondary credit 0 0 0 0 Seasonal credit 33 - 15 - 49 38 Float -759 - 191 - 1,937 -915 Other Federal Reserve assets 40,817 - 383 + 2,914 40,934 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,765 + 14 + 588 38,765 Total factors supplying reserve funds 918,968 - 2,644 + 25,240 920,386 Currency in circulation5 818,102 - 3,890 + 12,499 819,261 Reverse repurchase agreements6 36,036 + 890 + 6,835 36,650 Foreign official and international accounts 36,036 + 890 + 6,835 36,650 Dealers 0 0 0 0 Treasury cash holdings 265 - 2 + 99 257 Deposits with F.R. Banks, other than reserve balances 11,794 - 277 - 507 12,011 U.S. Treasury, general account 4,905 - 271 - 155 5,079 Foreign official 97 0 + 6 96 Service-related 6,486 - 1 - 346 6,486 Required clearing balances 6,486 - 1 - 346 6,486 Adjustments to compensate for float 0 0 0 0 Other 306 - 5 - 13 350 Other liabilities and capital 42,697 - 551 + 6,359 42,710 Total factors, other than reserve balances, absorbing reserve funds 908,894 - 3,830 + 25,285 910,890 Reserve balances with Federal Reserve Banks 10,074 + 1,187 - 45 9,497 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 2,036,737 + 5,262 + 324,168 2,033,518 U.S. Treasury 1,225,718 + 425 + 77,192 1,225,176 Federal agency 811,019 + 4,838 + 246,976 808,342 Securities lent to dealers 5,747 - 2,259 + 3,715 4,486 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 Dec 5, 2007 Nov 28, 2007 Dec 6, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,190 + 25 + 376 Securities, repurchase agreements, and loans 828,361 + 2,614 + 21,880 Securities held outright 779,715 + 22 + 5,500 U.S. Treasury1 779,715 + 22 + 5,500 Bills2 267,019 0 - 10,000 Notes and bonds, nominal2 470,984 0 + 7,969 Notes and bonds, inflation-indexed2 36,911 0 + 6,806 Inflation compensation3 4,801 + 22 + 724 Federal agency2 0 0 0 Repurchase agreements4 46,500 + 500 + 14,500 Loans 2,146 + 2,092 + 1,880 Items in process of collection (700) 2,445 + 882 - 4,982 Bank premises 2,118 + 4 + 195 Other assets5 38,814 - 210 + 2,556 Total assets (700) 886,165 + 3,317 + 20,025 Liabilities Federal Reserve notes, net of F.R. Bank holdings 781,939 - 1,736 + 12,282 Reverse repurchase agreements6 36,650 + 2,378 + 7,611 Deposits (0) 21,506 + 1,930 - 4,953 Depository institutions 15,981 + 1,504 - 5,594 U.S. Treasury, general account 5,079 + 368 + 556 Foreign official 96 - 1 + 2 Other (0) 350 + 59 + 83 Deferred availability cash items (700) 3,360 + 482 - 1,472 Other liabilities and accrued dividends7 5,996 + 92 + 28 Total liabilities (700) 849,451 + 3,146 + 13,497 Capital accounts Capital paid in 18,187 - 91 + 2,879 Surplus 15,461 + 4 + 4,907 Other capital accounts 3,066 + 257 - 1,257 Total capital 36,714 + 171 + 6,529 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, December 5, 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 113 49,744 - 8,456 0 0 38,500 36,650 16 days to 90 days 2,033 164,739 + 5,933 0 0 8,000 0 91 days to 1 year 0 159,811 - 635 0 0 . . . . . . Over 1 year to 5 years . . . 234,701 + 3,167 0 0 . . . . . . Over 5 years to 10 years . . . 81,935 + 4 0 0 . . . . . . Over 10 years . . . 88,785 + 9 0 0 . . . . . . All 2,146 779,715 + 22 0 0 46,500 36,650 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 December 5, 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 9 0 4 0 5 9 8 8 1 1 5 1 3 1 1 5 5 1 3 9 5 2 4 4 7 4 1 3 1 162 Securities, repurchase agreements, and loans 828,3 6 1 38,0 8 0 301,2 7 0 36,5 5 9 33,8 1 1 71,5 8 5 76,6 3 0 69,3 0 7 26,4 0 7 16,4 9 1 26,7 6 2 36,3 0 5 95,155 Securities held outright 779,7 1 5 35,9 3 4 282,3 3 3 34,4 9 5 31,9 0 8 67,5 5 6 72,3 1 7 65,4 0 0 24,9 2 0 15,5 5 7 25,2 4 0 34,2 5 8 89,797 U.S. Treasury1 779,7 1 5 35,9 3 4 282,3 3 3 34,4 9 5 31,9 0 8 67,5 5 6 72,3 1 7 65,4 0 0 24,9 2 0 15,5 5 7 25,2 4 0 34,2 5 8 89,797 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 9 6 23,6 2 8 185,6 4 6 22,6 8 2 20,9 8 1 44,4 2 1 47,5 5 1 43,0 0 3 16,3 8 6 10,2 2 9 16,5 9 6 22,5 2 6 59,045 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 46,5 0 0 2,1 4 3 16,8 3 8 2,0 5 7 1,9 0 3 4,0 2 9 4,3 1 3 3,9 0 0 1,4 8 6 9 2 8 1,5 0 5 2,0 4 3 5,355 Loans 2,1 4 6 3 2,1 0 0 7 0 0 0 7 0 6 1 7 4 3 Items in process of collection 3,1 4 5 1 3 6 6 4 1 5 2 2 6 3 1 1 9 6 2 9 1 2 8 6 9 2 0 3 3 4 1 3 0 5 737 Bank premises 2,1 1 8 1 1 9 2 1 5 6 3 1 5 3 1 8 1 2 3 0 2 0 4 1 0 8 1 1 3 2 6 4 2 5 7 212 Other assets5 38,8 1 4 1,2 6 1 11,8 5 2 3,4 8 3 2,2 6 2 7,5 1 7 3,2 9 2 2,4 7 9 7 3 4 7 2 2 7 4 7 9 6 6 3,498 Interdistrict settlement account 0 - 2,7 1 5 + 3,1 9 6 - 7 5 7 - 3 6 7 + 4,6 7 2 - 3,9 1 0 + 1,0 7 4 + 3,3 8 7 - 1 5 + 3,6 5 6 - 2,8 9 7 - 5,324 Total assets 886,8 6 5 37,4 8 5 321,5 8 3 40,1 2 5 36,7 6 9 85,2 2 1 78,3 0 9 74,4 4 5 31,1 5 4 17,7 9 2 32,2 4 4 35,7 7 8 95,958 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 December 5, 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 1,005,31 1 39,2 1 2 358,53 2 41,4 3 4 38,8 9 0 81,5 2 9 107,2 5 9 82,3 7 3 32,9 7 0 18,6 5 1 33,2 5 9 57,8 6 2 113,340 Less: notes held by F.R. Banks 223,37 2 6,2 2 8 71,37 4 7,9 7 4 7,6 8 5 14,0 7 6 37,6 4 4 14,8 0 8 3,9 8 2 2,9 6 4 3,4 8 3 25,6 0 1 27,553 Federal Reserve notes, net 781,93 9 32,9 8 3 287,15 8 33,4 6 0 31,2 0 5 67,4 5 3 69,6 1 5 67,5 6 6 28,9 8 9 15,6 8 6 29,7 7 6 32,2 6 0 85,787 Reverse repurchase agreements1 36,65 0 1,6 8 9 13,27 1 1,6 2 1 1,5 0 0 3,1 7 5 3,3 9 9 3,0 7 4 1,1 7 1 7 3 1 1,1 8 6 1,6 1 0 4,221 Deposits 21,50 6 5 1 0 10,03 4 5 5 9 9 3 8 3,2 2 1 1,4 5 4 1,2 0 4 3 0 9 2 4 8 4 1 1 6 6 7 1,951 Depository institutions 15,98 1 4 8 2 4,65 8 5 5 4 9 3 4 3,1 3 5 1,4 4 2 1,2 0 2 2 9 6 2 4 7 4 1 7 6 6 6 1,947 U.S. Treasury, general account 5,07 9 0 5,07 9 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 35 0 2 7 23 2 0 0 7 6 8 0 1 2 0 - 7 0 0 Deferred availability cash items 4,06 0 2 1 7 10 8 5 6 4 5 2 8 3 0 4 4 3 7 3 2 6 9 0 2 5 2 2 6 9 2 2 1 744 Other liabilities and accrued dividends2 5,99 6 2 6 5 1,73 2 2 8 4 2 7 5 9 8 5 5 9 3 4 6 5 2 1 5 1 5 7 2 0 1 2 7 0 553 Total liabilities 850,15 1 35,6 6 5 312,30 4 36,4 8 8 34,4 4 6 75,1 3 8 75,4 9 8 72,6 3 5 30,7 7 5 17,0 7 5 31,8 4 4 35,0 2 9 93,255 Capital Capital paid in 18,18 7 9 8 5 4,53 8 1,8 1 3 1,1 5 4 4,9 9 5 1,4 1 1 8 8 0 1 8 0 3 5 4 1 9 0 3 6 2 1,323 Surplus 15,46 1 3 9 6 3,84 5 1,8 1 1 1,0 8 8 4,0 9 9 1,2 7 9 8 6 1 1 6 7 2 7 6 1 7 6 2 1 4 1,248 Other capital 3,06 6 4 4 0 89 7 1 2 8 1 9 8 9 1 2 1 6 9 3 2 8 7 3 4 1 7 2 132 Total liabilities and capital 886,86 5 37,4 8 5 321,58 3 40,1 2 5 36,7 6 9 85,2 2 1 78,3 0 9 74,4 4 5 31,1 5 4 17,7 9 2 32,2 4 4 35,7 7 8 95,958 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 Dec 5, 2007 Federal Reserve notes outstanding 1,005,311 Less: Notes held by F.R. Banks not subject to collateralization 223,372 Federal Reserve notes to be collateralized 781,939 Collateral held against Federal Reserve notes 781,939 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 768,702 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 826,215 Less: face value of securities under reverse repurchase agreements 36,701 U.S. Treasury and agency securities eligible to be pledged 789,514 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.