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 14, 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 13, 2008 Feb 6, 2008 Feb 14, 2007 Feb 13, 2008 Reserve Bank credit 858,335 - 3,367 + 11,199 867,773 Securities held outright 713,372 - 7 - 65,512 713,369 U.S. Treasury1 713,372 - 7 - 65,512 713,369 Bills2 200,360 0 - 76,659 200,360 Notes and bonds, nominal2 470,010 0 + 3,335 470,010 Notes and bonds, inflation-indexed2 38,437 0 + 6,661 38,437 Inflation compensation3 4,565 - 7 + 1,150 4,563 Federal agency2 0 0 0 0 Repurchase agreements4 18,357 - 3,322 - 8,679 28,000 Term auction credit 60,000 0 + 60,000 60,000 Other loans to depository institutions 58 - 87 + 20 39 Primary credit 57 - 87 + 43 38 Secondary credit 0 0 0 0 Seasonal credit 1 0 - 23 1 Float -1,026 + 236 - 1,109 -1,432 Other Federal Reserve assets 67,575 - 187 + 26,480 67,796 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 + 486 38,765 Total factors supplying reserve funds 910,341 - 3,353 + 11,685 919,779 Currency in circulation5 813,859 + 2,270 + 9,255 816,056 Reverse repurchase agreements6 36,406 - 1,149 - 8 38,590 Foreign official and international accounts 36,406 - 1,149 - 8 38,590 Dealers 0 0 0 0 Treasury cash holdings 275 - 11 + 77 270 Deposits with F.R. Banks, other than reserve balances 12,538 - 285 + 308 12,192 U.S. Treasury, general account 5,316 - 232 + 302 4,979 Foreign official 97 - 4 + 6 96 Service-related 6,812 0 - 49 6,812 Required clearing balances 6,812 0 - 49 6,812 Adjustments to compensate for float 0 0 0 0 Other 313 - 49 + 49 305 Other liabilities and capital 41,528 - 965 + 4,322 41,358 Total factors, other than reserve balances, absorbing reserve funds 904,605 - 141 + 13,953 908,466 Reserve balances with Federal Reserve Banks 5,735 - 3,213 - 2,269 11,312 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 2,112,908 - 4,698 + 301,855 2,121,881 U.S. Treasury 1,266,680 - 452 + 82,951 1,270,783 Federal agency 846,229 - 4,244 + 218,905 851,098 Securities lent to dealers 9,750 - 2,232 + 8,783 10,971 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 13, 2008 Feb 6, 2008 Feb 14, 2007 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,380 - 8 + 351 Securities, repurchase agreements, term auction credit, and other loans 801,408 + 12,072 - 7,530 Securities held outright 713,369 - 7 - 65,520 U.S. Treasury1 713,369 - 7 - 65,520 Bills2 200,360 0 - 76,659 Notes and bonds, nominal2 470,010 0 + 3,335 Notes and bonds, inflation-indexed2 38,437 0 + 6,661 Inflation compensation3 4,563 - 7 + 1,144 Federal agency2 0 0 0 Repurchase agreements4 28,000 + 12,500 - 2,000 Term auction credit 60,000 0 + 60,000 Other loans 39 - 420 - 10 Items in process of collection (539) 1,376 - 441 - 4,998 Bank premises 2,132 0 + 173 Other assets5 65,564 + 190 + 26,096 Total assets (539) 885,097 + 11,812 + 14,092 Liabilities Federal Reserve notes, net of F.R. Bank holdings 778,937 + 1,829 + 8,982 Reverse repurchase agreements6 38,590 + 2,037 + 1,254 Deposits (0) 23,404 + 8,710 + 764 Depository institutions 18,024 + 8,568 + 835 U.S. Treasury, general account 4,979 + 138 - 123 Foreign official 96 - 2 + 6 Other (0) 305 + 5 + 46 Deferred availability cash items (539) 2,808 - 603 - 1,309 Other liabilities and accrued dividends7 3,975 - 146 - 1,664 Total liabilities (539) 847,714 + 11,827 + 8,027 Capital accounts Capital paid in 18,486 + 9 + 3,135 Surplus 18,448 - 9 + 3,251 Other capital accounts 449 - 15 - 321 Total capital 37,383 - 15 + 6,064 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 13, 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 60,000 34 53,488 - 1,173 28,000 38,590 16 days to 90 days 0 5 105,884 + 1,500 0 0 91 days to 1 year . . . 0 146,619 - 329 . . . . . . Over 1 year to 5 years . . . . . . 233,087 - 2 . . . . . . Over 5 years to 10 years . . . . . . 84,406 - 2 . . . . . . Over 10 years . . . . . . 89,884 - 3 . . . . . . All 60,000 39 713,369 - 7 28,000 38,590 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 13, 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 1,380 45 66 105 131 162 176 155 57 54 86 149 193 Securities, repurchase agreements, term auction credit, and other loans 801,408 34,687 311,387 32,799 31,430 64,760 73,905 62,823 25,245 16,741 24,220 33,823 89,588 Securities held outright 713,369 32,876 258,309 31,560 29,193 61,808 66,163 59,835 22,800 14,233 23,092 31,343 82,156 U.S. Treasury1 713,369 32,876 258,309 31,560 29,193 61,808 66,163 59,835 22,800 14,233 23,092 31,343 82,156 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 513,009 23,642 185,759 22,696 20,994 44,448 47,580 43,030 16,396 10,236 16,607 22,540 59,081 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 28,000 1,290 10,139 1,239 1,146 2,426 2,597 2,349 895 559 906 1,230 3,225 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 39 1 0 1 0 1 0 4 0 0 1 0 32 Items in process of collection 1,915 107 -39 256 268 34 95 169 39 136 173 216 461 Bank premises 2,132 120 214 65 152 184 229 204 114 112 274 256 208 Other assets5 65,564 3,463 19,132 5,380 4,036 14,326 5,267 3,488 1,051 1,266 1,070 1,697 5,386 Interdistrict settlement account 0 - 1,215 -19,937 + 1,225 + 237 + 2,420 + 1,841 +11,500 + 4,049 - 431 + 5,996 - 1,221 - 4,464 Total assets 885,636 37,772 315,750 40,369 36,785 82,903 82,796 79,454 30,952 18,112 32,219 35,631 92,893 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 13, 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 998,5 6 0 39,2 2 7 347,5 5 5 42,2 7 5 39,6 6 0 80,4 0 2 110,0 6 9 86,2 2 3 32,9 3 7 19,1 9 5 33,2 1 5 56,6 7 4 111,128 Less: notes held by F.R. Banks 219,6 2 3 6,4 0 9 67,6 4 4 8,7 9 8 8,7 2 9 14,6 1 0 35,7 8 8 14,4 8 2 4,1 6 2 3,1 3 7 3,4 3 7 24,5 8 7 27,840 Federal Reserve notes, net 778,9 3 7 32,8 1 8 279,9 1 1 33,4 7 7 30,9 3 1 65,7 9 2 74,2 8 1 71,7 4 1 28,7 7 5 16,0 5 8 29,7 7 8 32,0 8 8 83,288 Reverse repurchase agreements1 38,5 9 0 1,7 7 8 13,9 7 3 1,7 0 7 1,5 7 9 3,3 4 3 3,5 7 9 3,2 3 7 1,2 3 3 7 7 0 1,2 4 9 1,6 9 5 4,444 Deposits 23,4 0 4 6 8 0 11,4 4 8 8 2 5 1,0 0 7 2,9 5 7 1,2 5 9 2,1 5 2 3 1 9 2 3 1 3 9 4 6 7 1 1,461 Depository institutions 18,0 2 4 6 5 1 6,2 2 6 8 2 1 1,0 0 2 2,8 6 1 1,2 5 6 2,1 5 1 3 0 6 2 3 0 3 9 2 6 7 0 1,458 U.S. Treasury, general account 4,9 7 9 0 4,9 7 9 0 0 0 0 0 0 0 0 0 0 Foreign official 9 6 2 6 6 4 3 1 1 3 2 0 1 0 1 3 Other 3 0 5 2 7 1 7 7 0 2 8 5 0 0 1 3 0 1 0 0 Deferred availability cash items 3,3 4 7 1 7 7 6 0 5 1 5 4 4 9 2 8 7 3 2 1 2 8 0 6 4 2 1 3 2 3 1 2 1 5 535 Other liabilities and accrued dividends2 3,9 7 5 2 0 2 9 1 9 2 0 8 2 1 8 5 3 9 4 2 2 3 6 9 1 8 0 1 2 3 1 6 0 2 1 4 421 Total liabilities 848,2 5 3 35,6 5 6 306,3 1 1 36,7 3 2 34,1 8 4 72,9 1 7 79,8 6 3 77,7 8 0 30,5 7 1 17,3 9 4 31,8 1 2 34,8 8 2 90,150 Capital Capital paid in 18,4 8 6 1,0 4 9 4,6 2 8 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 4 8 1,0 4 9 4,6 2 4 1,8 1 3 1,2 9 1 4,9 8 8 1,4 2 5 8 1 5 1 8 0 3 5 5 1 9 4 3 6 4 1,350 Other capital 4 4 9 1 7 1 8 6 9 1 5 0 6 2 4 1 1 8 8 1 7 2 1 53 Total liabilities and capital 885,6 3 6 37,7 7 2 315,7 5 0 40,3 6 9 36,7 8 5 82,9 0 3 82,7 9 6 79,4 5 4 30,9 5 2 18,1 1 2 32,2 1 9 35,6 3 1 92,893 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 13, 2008 Federal Reserve notes outstanding 998,560 Less: Notes held by F.R. Banks not subject to collateralization 219,623 Federal Reserve notes to be collateralized 778,937 Collateral held against Federal Reserve notes 778,937 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 702,743 Other assets pledged 62,958 Memo: Total U.S. Treasury and agency securities1 741,369 Less: face value of securities under reverse repurchase agreements 38,627 U.S. Treasury and agency securities eligible to be pledged 702,743 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.