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 February 7, 2008 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 Feb 6, 2008 Jan 30, 2008 Feb 7, 2007 Feb 6, 2008 Reserve Bank credit 861,703 - 2,916 + 20,183 855,350 Securities held outright 713,379 - 4,971 - 65,492 713,376 U.S. Treasury1 713,379 - 4,971 - 65,492 713,376 Bills2 200,360 - 5,000 - 76,659 200,360 Notes and bonds, nominal2 470,010 - 974 + 3,335 470,010 Notes and bonds, inflation-indexed2 38,437 + 974 + 6,661 38,437 Inflation compensation3 4,572 + 28 + 1,171 4,570 Federal agency2 0 0 0 0 Repurchase agreements4 21,679 - 7,714 - 714 15,500 Term auction credit 60,000 + 10,000 + 60,000 60,000 Other loans to depository institutions 145 + 117 + 124 459 Primary credit 144 + 119 + 143 458 Secondary credit 0 0 0 0 Seasonal credit 1 - 1 - 19 1 Float -1,261 - 112 - 808 -1,593 Other Federal Reserve assets 67,762 - 235 + 27,074 67,607 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 + 485 38,751 Total factors supplying reserve funds 913,695 - 2,902 + 20,668 907,342 Currency in circulation5 811,589 + 1,846 + 9,177 814,199 Reverse repurchase agreements6 37,555 - 1,926 + 2,066 36,553 Foreign official and international accounts 37,555 - 1,926 + 2,066 36,553 Dealers 0 0 0 0 Treasury cash holdings 286 - 16 + 108 276 Deposits with F.R. Banks, other than reserve balances 12,823 + 1,071 + 439 12,051 U.S. Treasury, general account 5,548 + 898 + 451 4,841 Foreign official 101 0 + 12 98 Service-related 6,812 + 141 - 49 6,812 Required clearing balances 6,812 + 141 - 49 6,812 Adjustments to compensate for float 0 0 0 0 Other 362 + 32 + 25 300 Other liabilities and capital 42,493 - 210 + 5,367 41,519 Total factors, other than reserve balances, absorbing reserve funds 904,746 + 765 + 17,157 904,598 Reserve balances with Federal Reserve Banks 8,949 - 3,667 + 3,511 2,744 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 2,117,606 + 7,251 + 319,922 2,112,259 U.S. Treasury 1,267,132 + 10,851 + 86,485 1,267,216 Federal agency 850,473 - 3,600 + 233,436 845,043 Securities lent to dealers 11,982 + 473 + 9,163 13,296 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 Feb 6, 2008 Jan 30, 2008 Feb 7, 2007 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,388 + 19 + 348 Securities, repurchase agreements, term auction credit, and other loans 789,336 - 29,081 - 9,313 Securities held outright 713,376 - 4,995 - 65,500 U.S. Treasury1 713,376 - 4,995 - 65,500 Bills2 200,360 - 5,000 - 76,659 Notes and bonds, nominal2 470,010 - 974 + 3,335 Notes and bonds, inflation-indexed2 38,437 + 974 + 6,661 Inflation compensation3 4,570 + 6 + 1,164 Federal agency2 0 0 0 Repurchase agreements4 15,500 - 34,500 - 4,250 Term auction credit 60,000 + 10,000 + 60,000 Other loans 459 + 413 + 436 Items in process of collection (589) 1,817 + 92 - 3,276 Bank premises 2,132 - 8 + 176 Other assets5 65,374 - 793 + 26,481 Total assets (589) 873,285 - 29,770 + 14,417 Liabilities Federal Reserve notes, net of F.R. Bank holdings 777,108 + 2,826 + 9,191 Reverse repurchase agreements6 36,553 - 2,932 + 2,923 Deposits (0) 14,694 - 29,304 - 1,450 Depository institutions 9,456 - 29,041 - 1,036 U.S. Treasury, general account 4,841 - 241 - 414 Foreign official 98 - 1 + 8 Other (0) 300 - 20 - 6 Deferred availability cash items (589) 3,411 + 564 - 965 Other liabilities and accrued dividends7 4,121 - 425 - 1,498 Total liabilities (589) 835,887 - 29,271 + 8,201 Capital accounts Capital paid in 18,477 + 5 + 3,116 Surplus 18,457 - 23 + 3,301 Other capital accounts 464 - 481 - 201 Total capital 37,398 - 499 + 6,216 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 Term Auction Credit, Other Loans, and Securities, February 6, 2008 Millions of dollars U.S. Treasury Reverse Term auction Other securities1 Repurchase Remaining maturity credit loans Weekly agreements2 repurchase Holdings agreements2 changes Within 15 days 30,000 452 54,661 + 5,891 15,500 36,553 16 days to 90 days 30,000 8 104,384 - 11,391 0 0 91 days to 1 year . . . 0 146,948 - 2,131 . . . . . . Over 1 year to 5 years . . . . . . 233,089 + 1,657 . . . . . . Over 5 years to 10 years . . . . . . 84,408 + 1 . . . . . . Over 10 years . . . . . . 89,887 + 978 . . . . . . All 60,000 459 713,376 - 4,995 15,500 36,553 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.

H.4.1 4. Statement of Condition of Each Federal Reserve Bank on February 6, 2008 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Assets Gold certificate account 11,037 449 4,053 455 428 869 1,117 903 326 203 335 613 1,286 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,388 47 67 105 127 165 180 151 57 55 88 152 194 Securities, repurchase agreements, term auction credit, and other loans 789,336 34,111 306,864 32,246 31,359 63,676 72,747 61,771 24,846 16,492 23,815 33,274 88,136 Securities held outright 713,376 32,877 258,312 31,560 29,194 61,808 66,164 59,836 22,800 14,233 23,093 31,343 82,157 U.S. Treasury1 713,376 32,877 258,312 31,560 29,194 61,808 66,164 59,836 22,800 14,233 23,093 31,343 82,157 Bills2 200,360 9,234 72,550 8,864 8,199 17,360 18,583 16,806 6,404 3,998 6,486 8,803 23,075 Notes and bonds3 513,016 23,643 185,762 22,696 20,994 44,449 47,581 43,030 16,396 10,236 16,607 22,540 59,082 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 15,500 714 5,613 686 634 1,343 1,438 1,300 495 309 502 681 1,785 Term auction credit 60,000 520 42,939 0 1,091 525 5,145 635 1,550 1,949 220 1,250 4,176 Other loans 459 0 0 0 440 0 0 0 0 0 1 0 18 Items in process of collection 2,406 102 51 281 362 137 176 195 45 157 153 192 554 Bank premises 2,132 119 214 65 152 184 229 205 114 112 274 256 208 Other assets5 65,374 3,462 19,013 5,391 4,041 14,371 5,228 3,467 1,038 1,265 1,065 1,683 5,350 Interdistrict settlement account 0 - 1,279 -20,253 + 1,249 - 442 + 1,831 + 1,774 +11,300 + 4,285 - 142 + 6,233 - 1,013 - 3,544 Total assets 873,873 37,127 310,882 39,875 36,130 81,381 81,617 78,205 30,782 18,172 32,030 35,255 92,419 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 February 6, 2008 (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 999,2 5 1 39,1 0 4 348,6 7 6 42,2 2 1 39,5 6 6 80,2 6 6 109,8 1 1 86,1 3 9 32,9 3 1 19,2 1 5 33,2 4 7 56,7 9 9 111,277 Less: notes held by F.R. Banks 222,1 4 3 6,5 1 3 68,3 2 6 8,9 4 1 8,9 1 2 14,6 4 8 36,1 9 1 14,5 4 5 4,2 4 6 3,1 1 9 3,5 8 8 24,9 5 6 28,160 Federal Reserve notes, net 777,1 0 8 32,5 9 1 280,3 5 0 33,2 8 0 30,6 5 4 65,6 1 8 73,6 2 1 71,5 9 4 28,6 8 5 16,0 9 5 29,6 5 9 31,8 4 3 83,117 Reverse repurchase agreements1 36,5 5 3 1,6 8 5 13,2 3 6 1,6 1 7 1,4 9 6 3,1 6 7 3,3 9 0 3,0 6 6 1,1 6 8 7 2 9 1,1 8 3 1,6 0 6 4,210 Deposits 14,6 9 4 3 1 0 6,6 8 5 4 7 4 6 5 1 1,7 0 3 9 2 1 1,1 3 5 2 9 1 2 3 0 3 5 7 6 1 3 1,324 Depository institutions 9,4 5 6 2 9 1 1,5 9 5 4 7 0 6 4 8 1,6 0 6 9 1 8 1,1 3 3 2 7 8 2 2 9 3 5 5 6 1 2 1,321 U.S. Treasury, general account 4,8 4 1 0 4,8 4 1 0 0 0 0 0 0 0 0 0 0 Foreign official 9 8 2 6 8 4 3 1 1 3 2 0 1 0 1 3 Other 3 0 0 1 7 1 8 1 0 0 8 7 0 0 1 3 0 1 0 0 Deferred availability cash items 3,9 9 9 1 9 3 1 3 5 6 5 7 5 1 4 3 5 5 3 4 0 3 5 8 7 6 2 7 7 2 5 8 2 3 1 605 Other liabilities and accrued dividends2 4,1 2 1 2 0 3 1,0 6 0 2 0 5 2 1 6 5 2 7 4 4 7 3 6 9 1 7 9 1 1 9 1 6 6 2 1 1 417 Total liabilities 836,4 7 6 34,9 8 2 301,4 6 6 36,2 3 4 33,5 3 1 71,3 7 0 78,7 1 9 76,5 2 2 30,3 9 9 17,4 5 1 31,6 2 4 34,5 0 5 89,674 Capital Capital paid in 18,4 7 7 1,0 4 9 4,6 2 0 1,8 1 4 1,2 9 4 4,9 9 7 1,4 4 7 8 1 9 1 8 2 3 5 5 1 9 6 3 6 4 1,340 Surplus 18,4 5 7 1,0 4 9 4,6 2 4 1,8 1 3 1,2 9 1 4,9 9 6 1,4 2 5 8 1 5 1 8 0 3 5 5 1 9 4 3 6 4 1,350 Other capital 4 6 4 4 6 1 7 3 1 3 1 4 1 7 2 6 4 9 2 1 1 1 1 6 2 2 55 Total liabilities and capital 873,8 7 3 37,1 2 7 310,8 8 2 39,8 7 5 36,1 3 0 81,3 8 1 81,6 1 7 78,2 0 5 30,7 8 2 18,1 7 2 32,0 3 0 35,2 5 5 92,419 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 Feb 6, 2008 Federal Reserve notes outstanding 999,251 Less: Notes held by F.R. Banks not subject to collateralization 222,143 Federal Reserve notes to be collateralized 777,108 Collateral held against Federal Reserve notes 777,108 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 692,295 Other assets pledged 71,576 Memo: Total U.S. Treasury and agency securities1 728,876 Less: face value of securities under reverse repurchase agreements 36,581 U.S. Treasury and agency securities eligible to be pledged 692,295 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.