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 April 24, 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 Apr 23, 2008 Apr 16, 2008 Apr 25, 2007 Apr 23, 2008 Reserve Bank credit 868,439 + 1,245 + 18,592 868,853 Securities held outright 548,651 + 29 - 236,136 548,661 U.S. Treasury1 548,651 + 29 - 236,136 548,661 Bills2 70,317 0 - 206,702 70,317 Notes and bonds, nominal2 435,051 0 - 36,663 435,051 Notes and bonds, inflation-indexed2 38,437 0 + 6,101 38,437 Inflation compensation3 4,846 + 29 + 1,127 4,857 Federal agency2 0 0 0 0 Repurchase agreements4 107,786 + 822 + 82,822 109,500 Term auction credit 100,000 0 + 100,000 100,000 Other loans 33,390 + 727 + 33,275 32,043 Primary credit 10,731 + 2,890 + 10,670 13,462 Secondary credit 0 0 0 0 Seasonal credit 26 + 8 - 29 25 Primary dealer credit facility 22,634 - 2,170 + 22,634 18,555 Other credit extensions 0 0 0 0 Float -1,854 - 416 - 907 -2,169 Other Federal Reserve assets 80,466 + 83 + 39,539 80,818 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,778 + 14 + 375 38,778 Total factors supplying reserve funds 920,457 + 1,259 + 18,965 920,872 Currency in circulation5 812,889 - 1,075 + 5,688 813,679 Reverse repurchase agreements6 40,046 - 1 + 5,966 39,912 Foreign official and international accounts 40,046 - 1 + 5,966 39,912 Dealers 0 0 0 0 Treasury cash holdings 351 - 6 + 46 322 Deposits with F.R. Banks, other than reserve balances 13,000 + 688 - 448 13,142 U.S. Treasury, general account 5,437 + 692 - 1,097 5,570 Foreign official 102 + 5 + 10 118 Service-related 7,151 - 3 + 595 7,151 Required clearing balances 7,151 - 3 + 595 7,151 Adjustments to compensate for float 0 0 0 0 Other 310 - 6 + 44 302 Other liabilities and capital 44,017 - 940 + 4,976 43,789 Total factors, other than reserve balances, absorbing reserve funds 910,303 - 1,334 + 16,229 910,843 Reserve balances with Federal Reserve Banks 10,154 + 2,592 + 2,736 10,029 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 2,252,954 + 12,651 + 334,832 2,254,015 U.S. Treasury 1,331,610 + 3,975 + 103,593 1,327,918 Federal agency 921,344 + 8,676 + 231,239 926,097 Securities lent to dealers 169,680 + 31,263 + 167,022 175,907 Overnight facility8 14,302 + 4,985 + 11,644 16,958 Term facility9 155,378 + 26,278 + 155,378 158,949 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities. 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. 8. Fully collateralized by other U.S. Treasury securities. 9. Fully collateralized by other U.S. Treasury securities, federal agency securities, and highly rated non-agency mortgage-backed securities. 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 Apr 23, 2008 Apr 16, 2008 Apr 25, 2007 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,422 + 41 + 403 Securities, repurchase agreements, term auction credit, and other loans 790,204 + 2,814 - 35,002 Securities held outright 548,661 + 29 - 238,488 U.S. Treasury1 548,661 + 29 - 238,488 Bills2 70,317 0 - 206,702 Notes and bonds, nominal2 435,051 0 - 39,008 Notes and bonds, inflation-indexed2 38,437 0 + 6,101 Inflation compensation3 4,857 + 30 + 1,121 Federal agency2 0 0 0 Repurchase agreements4 109,500 + 5,250 + 71,500 Term auction credit 100,000 0 + 100,000 Other loans 32,043 - 2,465 + 31,986 Items in process of collection (702) 2,209 + 729 - 498 Bank premises 2,146 + 3 + 156 Other assets5 78,591 + 18 + 39,289 Total assets (702) 887,810 + 3,607 + 4,349 Liabilities Federal Reserve notes, net of F.R. Bank holdings 776,641 - 870 + 5,210 Reverse repurchase agreements6 39,912 - 747 + 5,887 Deposits (0) 23,090 + 5,321 - 11,892 Depository institutions 17,100 + 4,357 - 5,266 U.S. Treasury, general account 5,570 + 956 - 6,680 Foreign official 118 + 21 + 26 Other (0) 302 - 13 + 28 Deferred availability cash items (702) 4,378 + 503 - 154 Other liabilities and accrued dividends7 4,158 - 198 - 1,679 Total liabilities (702) 848,179 + 4,009 - 2,628 Capital accounts Capital paid in 19,603 + 18 + 3,731 Surplus 18,472 + 1 + 3,110 Other capital accounts 1,557 - 420 + 138 Total capital 39,631 - 402 + 6,978 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1, footnotes 8 and 9. 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, April 23, 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 100,000 21,933 22,157 - 2,468 69,500 39,912 16 days to 90 days 0 10,109 50,884 + 2,990 40,000 0 91 days to 1 year . . . 0 99,437 - 520 . . . . . . Over 1 year to 5 years . . . . . . 195,977 + 9 . . . . . . Over 5 years to 10 years . . . . . . 85,907 + 6 . . . . . . Over 10 years . . . . . . 94,299 + 12 . . . . . . All 100,000 32,043 548,661 + 29 109,500 39,912 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 April 23, 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 11,037 424 3,935 453 423 891 1,221 913 344 199 349 636 1,249 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,422 48 66 108 136 162 162 167 57 64 93 154 205 Securities, repurchase agreements, term auction credit, and other loans 790,204 28,606 341,026 28,774 30,637 67,086 70,482 59,427 24,100 12,507 24,259 27,302 75,997 Securities held outright 548,661 23,013 195,210 23,955 20,805 49,752 54,591 48,425 18,960 10,358 20,146 22,759 60,688 U.S. Treasury1 548,661 23,013 195,210 23,955 20,805 49,752 54,591 48,425 18,960 10,358 20,146 22,759 60,688 Bills2 70,317 2,949 25,018 3,070 2,666 6,376 6,996 6,206 2,430 1,328 2,582 2,917 7,778 Notes and bonds3 478,344 20,064 170,192 20,885 18,139 43,375 47,594 42,218 16,530 9,031 17,564 19,842 52,910 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 109,500 4,593 38,959 4,781 4,152 9,929 10,895 9,664 3,784 2,067 4,021 4,542 12,112 Term auction credit 100,000 1,000 78,321 0 3,925 7,155 4,969 725 1,049 80 80 0 2,697 Other loans 32,043 0 28,535 38 1,755 250 28 613 307 1 12 1 500 Items in process of collection 2,911 57 0 301 329 54 265 184 25 221 813 224 438 Bank premises 2,146 119 214 65 152 192 228 205 121 112 277 255 208 Other assets5 78,591 4,167 22,150 6,787 4,952 18,227 6,297 4,057 1,154 1,494 1,236 1,873 6,198 Interdistrict settlement account 0 + 4,027 -48,597 + 3,121 + 680 - 6,273 +12,628 +12,633 + 3,568 + 3,047 + 5,040 + 4,023 + 6,102 Total assets 888,512 37,563 319,668 39,692 37,413 80,485 91,450 77,798 29,440 17,675 32,132 34,565 90,631 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1, footnotes 8 and 9. 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 April 23, 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 983,5 8 9 38,2 7 4 339,8 7 0 41,2 9 3 39,1 2 8 78,4 2 4 116,1 0 0 84,3 2 2 31,5 6 4 18,4 2 7 32,0 7 9 56,0 3 0 108,079 Less: notes held by F.R. Banks 206,9 4 9 5,8 2 2 57,8 3 9 7,9 6 8 8,3 1 9 14,3 0 3 34,4 2 7 14,6 5 9 4,4 9 5 2,8 4 7 3,6 8 0 25,0 0 4 27,585 Federal Reserve notes, net 776,6 4 1 32,4 5 2 282,0 3 1 33,3 2 5 30,8 0 9 64,1 2 1 81,6 7 3 69,6 6 3 27,0 6 9 15,5 8 0 28,3 9 8 31,0 2 6 80,494 Reverse repurchase agreements1 39,9 1 2 1,6 7 4 14,2 0 0 1,7 4 3 1,5 1 3 3,6 1 9 3,9 7 1 3,5 2 3 1,3 7 9 7 5 3 1,4 6 5 1,6 5 6 4,415 Deposits 23,0 9 0 8 9 6 11,9 0 0 3 3 3 1,0 2 3 1,7 0 8 1,8 9 9 1,4 3 7 3 4 4 2 5 6 5 0 2 7 6 4 2,027 Depository institutions 17,1 0 0 8 8 4 6,0 6 5 3 2 9 1,0 1 9 1,5 9 7 1,8 9 6 1,4 3 5 3 3 1 2 5 5 5 0 1 7 6 3 2,024 U.S. Treasury, general account 5,5 7 0 0 5,5 7 0 0 0 0 0 0 0 0 0 0 0 Foreign official 1 1 8 2 8 8 4 3 1 1 3 2 0 1 0 1 3 Other 3 0 2 1 0 1 7 7 0 1 1 0 0 0 0 1 3 0 1 0 0 Deferred availability cash items 5,0 8 0 1 9 4 0 4 1 5 1,1 9 8 2 3 9 2 8 0 3 1 5 1 1 6 3 0 3 1,2 1 6 3 1 2 492 Other liabilities and accrued dividends2 4,1 5 8 1 6 4 1,5 6 4 1 9 2 1 8 9 4 7 2 3 7 6 3 1 0 1 5 4 1 0 7 1 3 7 1 7 3 318 Total liabilities 848,8 8 0 35,3 8 1 309,6 9 6 36,0 0 8 34,7 3 2 70,1 5 9 88,1 9 9 75,2 4 8 29,0 6 3 17,0 0 1 31,7 1 9 33,9 3 0 87,746 Capital Capital paid in 19,6 0 3 1,0 8 7 4,9 0 3 1,8 5 1 1,3 4 0 5,1 7 4 1,6 1 1 1,2 6 0 1 8 2 3 1 5 1 9 8 2 5 6 1,424 Surplus 18,4 7 2 1,0 5 0 4,6 3 7 1,8 1 4 1,2 9 1 4,9 9 7 1,4 2 5 8 1 5 1 8 0 3 5 5 1 9 4 3 6 4 1,350 Other capital 1,5 5 7 4 5 4 3 3 2 0 4 9 1 5 4 2 1 4 4 7 5 1 6 4 2 1 1 5 110 Total liabilities and capital 888,5 1 2 37,5 6 3 319,6 6 8 39,6 9 2 37,4 1 3 80,4 8 5 91,4 5 0 77,7 9 8 29,4 4 0 17,6 7 5 32,1 3 2 34,5 6 5 90,631 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 Apr 23, 2008 Federal Reserve notes outstanding 983,589 Less: Notes held by F.R. Banks not subject to collateralization 206,949 Federal Reserve notes to be collateralized 776,641 Collateral held against Federal Reserve notes 776,641 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 618,188 Other assets pledged 145,216 Memo: Total U.S. Treasury and agency securities1 658,161 Less: face value of securities under reverse repurchase agreements 39,974 U.S. Treasury and agency securities eligible to be pledged 618,188 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.