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 May 1, 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 30, 2008 Apr 23, 2008 May 2, 2007 Apr 30, 2008 Reserve Bank credit 864,390 - 4,048 - 2,495 871,379 Securities held outright 548,680 + 29 - 238,503 548,692 U.S. Treasury1 548,680 + 29 - 238,503 548,692 Bills2 70,317 0 - 206,702 70,317 Notes and bonds, nominal2 434,946 - 105 - 38,204 434,317 Notes and bonds, inflation-indexed2 38,542 + 105 + 5,297 39,171 Inflation compensation3 4,875 + 29 + 1,106 4,887 Federal agency2 0 0 0 0 Repurchase agreements4 107,536 - 250 + 68,786 115,500 Term auction credit 100,000 0 + 100,000 100,000 Other loans 30,183 - 3,207 + 30,117 29,763 Primary credit 11,588 + 857 + 11,582 11,964 Secondary credit 0 0 0 0 Seasonal credit 25 - 1 - 35 24 Primary dealer credit facility 18,571 - 4,063 + 18,571 17,775 Other credit extensions 0 0 0 0 Float -1,674 + 181 - 1,371 -1,724 Other Federal Reserve assets 79,664 - 802 + 38,475 79,147 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,792 + 14 + 378 38,792 Total factors supplying reserve funds 916,422 - 4,035 - 2,118 923,411 Currency in circulation5 812,468 - 421 + 5,107 814,146 Reverse repurchase agreements6 39,379 - 667 - 732 40,704 Foreign official and international accounts 39,379 - 667 + 3,625 40,704 Dealers 0 0 - 4,357 0 Treasury cash holdings 316 - 35 + 20 281 Deposits with F.R. Banks, other than reserve balances 13,225 + 225 - 8,554 12,437 U.S. Treasury, general account 5,721 + 284 - 9,166 4,955 Foreign official 100 - 2 + 7 106 Service-related 7,091 - 60 + 583 7,091 Required clearing balances 7,091 - 60 + 583 7,091 Adjustments to compensate for float 0 0 0 0 Other 313 + 3 + 21 285 Other liabilities and capital 42,827 - 1,190 + 3,993 42,525 Total factors, other than reserve balances, absorbing reserve funds 908,215 - 2,088 - 167 910,092 Reserve balances with Federal Reserve Banks 8,207 - 1,947 - 1,952 13,319 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 2,263,408 + 10,454 + 336,644 2,281,398 U.S. Treasury 1,329,532 - 2,078 + 102,224 1,346,611 Federal agency 933,876 + 12,532 + 234,420 934,787 Securities lent to dealers 163,380 - 6,300 + 160,133 166,585 Overnight facility8 17,751 + 3,449 + 14,504 23,176 Term facility9 145,629 - 9,749 + 145,629 143,409 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 30, 2008 Apr 23, 2008 May 2, 2007 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,460 + 38 + 387 Securities, repurchase agreements, term auction credit, and other loans 793,955 + 3,751 - 41,331 Securities held outright 548,692 + 31 - 238,518 U.S. Treasury1 548,692 + 31 - 238,518 Bills2 70,317 0 - 206,702 Notes and bonds, nominal2 434,317 - 734 - 37,619 Notes and bonds, inflation-indexed2 39,171 + 734 + 4,712 Inflation compensation3 4,887 + 30 + 1,091 Federal agency2 0 0 0 Repurchase agreements4 115,500 + 6,000 + 67,500 Term auction credit 100,000 0 + 100,000 Other loans 29,763 - 2,280 + 29,687 Items in process of collection (590) 1,352 - 857 - 2,632 Bank premises 2,158 + 12 + 155 Other assets5 76,879 - 1,712 + 37,847 Total assets (590) 889,040 + 1,230 - 5,575 Liabilities Federal Reserve notes, net of F.R. Bank holdings 777,090 + 449 + 4,927 Reverse repurchase agreements6 40,704 + 792 - 717 Deposits (0) 25,645 + 2,555 - 11,949 Depository institutions 20,299 + 3,199 + 8,426 U.S. Treasury, general account 4,955 - 615 - 20,395 Foreign official 106 - 12 + 13 Other (0) 285 - 17 + 7 Deferred availability cash items (590) 3,075 - 1,303 - 2,045 Other liabilities and accrued dividends7 2,994 - 1,164 - 2,898 Total liabilities (590) 849,509 + 1,330 - 12,681 Capital accounts Capital paid in 19,606 + 3 + 3,731 Surplus 18,476 + 4 + 3,102 Other capital accounts 1,449 - 108 + 273 Total capital 39,531 - 100 + 7,106 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 30, 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 50,000 18,962 30,495 + 8,338 75,500 40,704 16 days to 90 days 50,000 10,801 38,195 - 12,689 40,000 0 91 days to 1 year . . . 0 102,339 + 2,902 . . . . . . Over 1 year to 5 years . . . . . . 197,438 + 1,461 . . . . . . Over 5 years to 10 years . . . . . . 85,914 + 7 . . . . . . Over 10 years . . . . . . 94,311 + 12 . . . . . . All 100,000 29,763 548,692 + 31 115,500 40,704 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 30, 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 1,460 51 67 109 137 164 167 175 61 66 97 157 208 Securities, repurchase agreements, term auction credit, and other loans 793,955 28,360 347,866 29,031 25,686 69,241 68,193 59,923 25,095 12,581 24,697 27,551 75,731 Securities held outright 548,692 23,014 195,221 23,957 20,806 49,755 54,594 48,427 18,961 10,359 20,147 22,760 60,691 U.S. Treasury1 548,692 23,014 195,221 23,957 20,806 49,755 54,594 48,427 18,961 10,359 20,147 22,760 60,691 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 478,375 20,065 170,203 20,887 18,140 43,378 47,597 42,221 16,531 9,031 17,565 19,843 52,913 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 115,500 4,845 41,094 5,043 4,380 10,473 11,492 10,194 3,991 2,181 4,241 4,791 12,776 Term auction credit 100,000 500 84,024 0 500 8,755 2,100 801 2,075 37 50 0 1,158 Other loans 29,763 1 27,526 32 0 258 7 500 68 5 260 0 1,106 Items in process of collection 1,942 52 0 299 486 56 147 23 21 153 296 191 217 Bank premises 2,158 118 213 65 151 200 228 207 124 112 276 255 208 Other assets5 76,879 4,071 21,708 6,593 4,831 17,784 6,166 3,999 1,143 1,463 1,218 1,837 6,068 Interdistrict settlement account 0 + 4,073 -57,070 + 3,341 + 4,828 - 3,952 +14,057 +12,610 + 2,583 + 3,728 + 4,274 + 3,820 + 7,708 Total assets 889,630 37,265 317,593 39,974 36,645 84,531 90,346 78,062 29,442 18,331 31,273 34,544 91,624 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 30, 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 982,4 2 9 38,2 2 4 338,6 0 9 41,2 4 3 39,1 5 9 79,8 3 4 115,2 0 5 84,3 5 6 31,5 2 1 18,4 1 6 32,0 4 1 55,9 1 4 107,906 Less: notes held by F.R. Banks 205,3 3 9 5,7 2 4 58,4 0 0 7,8 7 2 8,1 2 9 13,9 8 4 33,9 8 5 14,3 7 0 4,3 9 8 2,8 1 2 3,5 5 5 24,8 5 6 27,254 Federal Reserve notes, net 777,0 9 0 32,5 0 0 280,2 1 0 33,3 7 1 31,0 3 1 65,8 5 0 81,2 2 0 69,9 8 6 27,1 2 3 15,6 0 3 28,4 8 7 31,0 5 8 80,652 Reverse repurchase agreements1 40,7 0 4 1,7 0 7 14,4 8 2 1,7 7 7 1,5 4 3 3,6 9 1 4,0 5 0 3,5 9 2 1,4 0 7 7 6 8 1,4 9 5 1,6 8 8 4,502 Deposits 25,6 4 5 5 2 1 12,5 0 5 4 4 9 4 7 1 3,9 5 3 1,1 7 0 1,3 1 2 3 2 5 8 9 5 4 8 9 7 7 9 2,777 Depository institutions 20,2 9 9 5 1 2 7,3 0 6 4 4 5 4 6 9 3,8 5 2 1,1 6 7 1,3 1 0 3 0 6 8 9 4 4 8 7 7 7 8 2,774 U.S. Treasury, general account 4,9 5 5 0 4,9 5 5 0 0 0 0 0 0 0 0 0 0 Foreign official 1 0 6 2 7 6 4 3 1 1 3 2 0 1 0 1 3 Other 2 8 5 7 1 6 9 0 0 9 0 0 0 1 8 0 1 0 0 Deferred availability cash items 3,6 6 5 2 0 3 0 5 2 1 7 4 4 2 8 4 2 8 6 3 1 2 5 4 2 9 0 2 5 5 2 1 6 500 Other liabilities and accrued dividends2 2,9 9 4 1 6 6 3 8 0 1 9 4 1 9 1 5 0 1 3 7 4 3 0 9 1 5 8 1 0 4 1 3 4 1 6 8 314 Total liabilities 850,0 9 9 35,0 9 7 307,5 7 7 36,3 1 2 33,9 8 0 74,2 7 9 87,1 0 0 75,5 1 1 29,0 6 7 17,6 6 1 30,8 6 0 33,9 1 0 88,745 Capital Capital paid in 19,6 0 6 1,0 8 7 4,9 0 3 1,8 5 1 1,3 4 0 5,1 7 4 1,6 0 9 1,2 6 0 1 8 2 3 1 5 2 0 0 2 5 7 1,426 Surplus 18,4 7 6 1,0 5 0 4,6 4 3 1,8 1 1 1,2 9 1 4,9 9 8 1,4 2 5 8 1 5 1 8 0 3 5 5 1 9 4 3 6 4 1,350 Other capital 1,4 4 9 3 0 4 7 0 0 3 4 8 0 2 1 1 4 7 6 1 3 0 2 0 1 3 102 Total liabilities and capital 889,6 3 0 37,2 6 5 317,5 9 3 39,9 7 4 36,6 4 5 84,5 3 1 90,3 4 6 78,0 6 2 29,4 4 2 18,3 3 1 31,2 7 3 34,5 4 4 91,624 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 30, 2008 Federal Reserve notes outstanding 982,429 Less: Notes held by F.R. Banks not subject to collateralization 205,339 Federal Reserve notes to be collateralized 777,090 Collateral held against Federal Reserve notes 777,090 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 623,410 Other assets pledged 140,443 Memo: Total U.S. Treasury and agency securities1 664,192 Less: face value of securities under reverse repurchase agreements 40,782 U.S. Treasury and agency securities eligible to be pledged 623,410 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.