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 June 5, 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 Jun 4, 2008 May 28, 2008 Jun 6, 2007 Jun 4, 2008 Reserve Bank credit 877,723 - 278 + 19,706 879,756 Securities held outright 486,909 - 4,155 - 303,391 486,937 U.S. Treasury1 486,909 - 4,155 - 303,391 486,937 Bills2 30,069 - 4,227 - 246,950 30,069 Notes and bonds, nominal2 412,392 0 - 62,280 412,392 Notes and bonds, inflation-indexed2 39,171 0 + 4,712 39,171 Inflation compensation3 5,277 + 71 + 1,126 5,305 Federal agency2 0 0 0 0 Repurchase agreements4 114,107 + 9,071 + 84,928 119,750 Term auction credit 150,000 0 + 150,000 150,000 Other loans 24,259 - 4,076 + 24,140 20,793 Primary credit 15,921 - 29 + 15,908 12,966 Secondary credit 0 - 1 0 0 Seasonal credit 77 + 23 - 29 77 Primary dealer credit facility 8,261 - 4,068 + 8,261 7,750 Other credit extensions 0 0 0 0 Float -1,246 - 129 - 695 -995 Other Federal Reserve assets 103,695 - 989 + 64,725 103,273 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,805 + 14 + 343 38,805 Total factors supplying reserve funds 929,769 - 264 + 20,049 931,802 Currency in circulation5 823,442 + 164 + 10,523 824,314 Reverse repurchase agreements6 38,994 + 1,520 + 5,150 42,120 Foreign official and international accounts 38,994 + 1,520 + 5,150 42,120 Dealers 0 0 0 0 Treasury cash holdings 280 + 7 - 7 272 Deposits with F.R. Banks, other than reserve balances 12,278 - 157 + 387 12,704 U.S. Treasury, general account 4,844 - 96 - 94 5,278 Foreign official 99 + 1 + 5 98 Service-related 7,071 - 50 + 492 7,071 Required clearing balances 7,071 - 50 + 492 7,071 Adjustments to compensate for float 0 0 0 0 Other 264 - 11 - 16 256 Other liabilities and capital 44,127 - 1,716 + 4,717 43,580 Total factors, other than reserve balances, absorbing reserve funds 919,121 - 181 + 20,771 922,990 Reserve balances with Federal Reserve Banks 10,648 - 83 - 722 8,812 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 2,301,403 + 8,591 + 345,950 2,302,093 U.S. Treasury 1,350,554 + 5,051 + 120,643 1,349,727 Federal agency 950,850 + 3,542 + 225,307 952,367 Securities lent to dealers 115,618 + 2,897 + 109,678 109,782 Overnight facility8 15,950 + 11,393 + 10,010 11,212 Term facility9 99,669 - 8,495 + 99,669 98,570 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 U.S. Treasury securities. 9. Fully collateralized by U.S. Treasury securities, federal agency securities, and highly rated non-agency asset-backed and 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 Jun 4, 2008 May 28, 2008 Jun 6, 2007 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,325 + 7 + 432 Securities, repurchase agreements, term auction credit, and other loans 777,479 - 7,833 - 41,496 Securities held outright 486,937 - 4,154 - 303,385 U.S. Treasury1 486,937 - 4,154 - 303,385 Bills2 30,069 - 4,227 - 246,950 Notes and bonds, nominal2 412,392 0 - 62,280 Notes and bonds, inflation-indexed2 39,171 0 + 4,712 Inflation compensation3 5,305 + 73 + 1,133 Federal agency2 0 0 0 Repurchase agreements4 119,750 + 4,750 + 91,250 Term auction credit 150,000 0 + 150,000 Other loans 20,793 - 8,429 + 20,639 Items in process of collection (505) 1,859 - 43 - 2,212 Bank premises 2,152 0 + 126 Other assets5 100,988 - 859 + 63,738 Total assets (505) 897,040 - 8,728 + 20,588 Liabilities Federal Reserve notes, net of F.R. Bank holdings 787,103 - 593 + 10,893 Reverse repurchase agreements6 42,120 + 3,755 + 10,051 Deposits (8) 21,383 - 10,278 - 3,071 Depository institutions 15,750 - 11,138 - 2,929 U.S. Treasury, general account 5,278 + 863 - 118 Foreign official 98 0 + 6 Other (8) 256 - 4 - 30 Deferred availability cash items (497) 2,855 - 754 - 1,716 Other liabilities and accrued dividends7 3,329 - 599 - 2,688 Total liabilities (505) 856,789 - 8,469 + 13,470 Capital accounts Capital paid in 19,923 + 9 + 3,817 Surplus 18,486 + 7 + 3,100 Other capital accounts 1,842 - 275 + 201 Total capital 40,251 - 259 + 7,118 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, June 4, 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 150,000 9,053 6,819 - 7,038 79,750 42,120 16 days to 90 days 0 11,740 40,378 + 5,338 40,000 0 91 days to 1 year . . . 0 81,468 - 2,972 . . . . . . Over 1 year to 5 years . . . . . . 171,731 + 471 . . . . . . Over 5 years to 10 years . . . . . . 90,080 + 15 . . . . . . Over 10 years . . . . . . 96,459 + 29 . . . . . . All 150,000 20,793 486,937 - 4,154 119,750 42,120 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 June 4, 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 1,325 44 61 96 109 168 158 162 47 59 87 144 188 Securities, repurchase agreements, term auction credit, and other loans 777,479 26,977 335,879 28,737 27,645 65,822 66,253 56,979 23,174 14,924 22,887 28,474 79,728 Securities held outright 486,937 20,424 173,249 21,260 18,464 44,155 48,449 42,977 16,827 9,193 17,879 20,199 53,861 U.S. Treasury1 486,937 20,424 173,249 21,260 18,464 44,155 48,449 42,977 16,827 9,193 17,879 20,199 53,861 Bills2 30,069 1,261 10,698 1,313 1,140 2,727 2,992 2,654 1,039 568 1,104 1,247 3,326 Notes and bonds3 456,868 19,163 162,551 19,947 17,324 41,428 45,458 40,323 15,788 8,625 16,775 18,951 50,535 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 119,750 5,023 42,606 5,228 4,541 10,859 11,915 10,569 4,138 2,261 4,397 4,967 13,246 Term auction credit 150,000 1,530 101,766 2,240 4,568 10,780 5,808 2,945 2,055 3,428 590 3,258 11,032 Other loans 20,793 0 18,258 8 71 29 81 488 154 43 21 50 1,589 Items in process of collection 2,364 65 0 228 374 254 168 150 33 140 182 410 360 Bank premises 2,152 118 213 65 151 197 227 208 124 112 276 254 207 Other assets5 100,988 5,467 27,548 9,097 6,579 24,680 7,984 4,959 1,306 1,930 1,414 2,266 7,756 Interdistrict settlement account 0 + 3,953 -51,007 + 2,977 + 2,217 - 7,140 +19,968 +15,636 + 4,178 - 6 + 5,566 + 3,190 + 467 Total assets 897,545 37,164 317,503 41,736 37,603 85,020 96,145 79,218 29,277 17,387 30,829 35,472 90,190 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 June 4, 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 988,1 5 7 37,6 9 3 343,5 7 2 40,6 8 8 39,1 0 8 80,8 0 8 119,7 3 0 83,6 9 2 30,9 0 7 18,1 0 1 31,6 1 5 55,8 7 7 106,365 Less: notes held by F.R. Banks 201,0 5 5 5,2 0 6 61,0 7 0 7,2 6 2 7,6 2 7 13,0 2 7 32,7 5 1 13,2 7 2 4,0 2 1 2,8 3 1 3,5 0 7 23,8 2 9 26,651 Federal Reserve notes, net 787,1 0 3 32,4 8 7 282,5 0 2 33,4 2 6 31,4 8 1 67,7 8 1 86,9 7 9 70,4 2 1 26,8 8 5 15,2 7 1 28,1 0 9 32,0 4 8 79,714 Reverse repurchase agreements1 42,1 2 0 1,7 6 7 14,9 8 6 1,8 3 9 1,5 9 7 3,8 1 9 4,1 9 1 3,7 1 7 1,4 5 6 7 9 5 1,5 4 7 1,7 4 7 4,659 Deposits 21,3 9 1 6 6 2 9,2 9 5 1,5 5 7 8 8 8 2,2 8 8 1,0 1 4 1,8 7 7 3 3 6 2 8 1 4 2 3 6 5 5 2,114 Depository institutions 15,7 5 0 6 4 8 3,7 8 6 1,5 5 2 8 8 4 2,2 1 3 1,0 1 1 1,8 7 5 3 2 2 2 8 0 4 2 2 6 5 4 2,103 U.S. Treasury, general account 5,2 7 8 0 5,2 7 8 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 2 6 4 1 2 1 6 3 0 1 6 4 0 0 1 4 0 1 0 8 Deferred availability cash items 3,3 5 2 1 8 0 0 4 0 9 6 4 9 2 7 8 2 8 9 2 9 4 6 6 2 5 7 1 9 1 2 1 1 528 Other liabilities and accrued dividends2 3,3 2 9 1 6 2 6 8 0 2 0 7 1 9 6 5 0 9 3 8 4 3 1 1 1 5 3 1 0 6 1 3 1 1 7 1 319 Total liabilities 857,2 9 4 35,2 5 7 307,4 6 3 37,4 3 8 34,8 1 1 74,6 7 5 92,8 5 6 76,6 2 1 28,8 9 6 16,7 1 0 30,4 0 0 34,8 3 2 87,335 Capital Capital paid in 19,9 2 3 8 1 6 4,9 3 3 2,3 3 4 1,4 0 1 5,1 7 8 1,6 1 7 1,2 8 0 1 8 1 3 1 6 2 0 8 2 6 0 1,400 Surplus 18,4 8 6 1,0 5 0 4,6 5 0 1,8 1 4 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 1,351 Other capital 1,8 4 2 4 1 4 5 6 1 5 0 1 0 0 1 6 9 2 4 7 5 0 2 2 1 7 2 7 1 6 105 Total liabilities and capital 897,5 4 5 37,1 6 4 317,5 0 3 41,7 3 6 37,6 0 3 85,0 2 0 96,1 4 5 79,2 1 8 29,2 7 7 17,3 8 7 30,8 2 9 35,4 7 2 90,190 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 Jun 4, 2008 Federal Reserve notes outstanding 988,157 Less: Notes held by F.R. Banks not subject to collateralization 201,055 Federal Reserve notes to be collateralized 787,103 Collateral held against Federal Reserve notes 787,103 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 565,207 Other assets pledged 208,659 Memo: Total U.S. Treasury and agency securities1 606,687 Less: face value of securities under reverse repurchase agreements 41,479 U.S. Treasury and agency securities eligible to be pledged 565,207 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.