FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 5, 2007 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Averages of daily figures Reserve Bank credit, related items, and Week ended Change from week ended Wednesday reserve balances of depository institutions at Jul 4, 2007 Jun 27, 2007 Jul 5, 2006 Jul 4, 2007 Federal Reserve Banks Reserve Bank Credit 857,318 + 9,697 + 21,398 860,319 Securities held outright 790,531 + 55 + 24,160 790,553 U.S. Treasury (1) 790,531 + 55 + 24,160 790,553 Bills (2) 277,019 0 + 1,649 277,019 Notes and bonds, nominal (2) 474,672 0 + 10,092 474,672 Notes and bonds, inflation-indexed (2) 34,459 0 + 11,813 34,459 Inflation compensation (3) 4,381 + 55 + 606 4,403 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 27,179 + 9,393 - 2,285 30,250 Loans to depository institutions 196 + 17 - 95 186 Primary credit 18 + 13 + 3 5 Secondary credit 0 0 0 0 Seasonal credit 178 + 4 - 98 181 Float -936 - 111 - 504 -906 Other Federal Reserve assets 40,348 + 342 + 122 40,237 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,540 + 14 + 550 38,540 Total factors supplying reserve funds 909,099 + 9,711 + 21,948 912,101 Currency in circulation(5) 814,826 + 5,072 + 16,694 818,673 Reverse repurchase agreements (6) 32,194 + 1,366 + 2,511 32,209 Foreign official and international accounts 32,194 + 1,366 + 2,511 32,209 Dealers 0 0 0 0 Treasury cash holdings 309 + 15 + 136 323 Deposits with F.R.Banks, other than reserve balances 11,377 - 278 - 1,472 10,877 U.S. Treasury, general account 4,607 - 316 - 727 4,117 Foreign official 140 + 41 + 29 96 Service-related 6,394 0 - 768 6,394 Required clearing balances 6,394 0 - 768 6,394 Adjustments to compensate for float 0 0 0 0 Other 237 - 1 - 5 269 Other liabilities and capital 39,506 - 149 + 4,580 39,754 Total factors, other than reserve balances, absorbing reserve funds 898,212 + 6,027 + 22,449 901,836 Reserve balances with Federal Reserve Banks 10,888 + 3,685 - 500 10,264 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,982,168 + 6,959 + 346,029 1,981,049 U.S. Treasury 1,240,662 + 9,051 + 122,744 1,240,394 Federal agency 741,507 - 2,090 + 223,287 740,655 Securities lent to dealers 10,141 + 6,812 + 3,416 5,520 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. 2. Consolidated Statement of Condition of All Federal Reserve Banks Millions of Dollars Eliminations Change Since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Jul 4, 2007 Jun 27, 2007 Jul 5, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 924 - 14 + 228 Securities, repurchase agreements, and loans 820,989 + 10,305 + 26,072 Securities held outright 790,553 + 56 + 24,168 U.S. Treasury (1) 790,553 + 56 + 24,168 Bills (2) 277,019 0 + 1,649 Notes and bonds, nominal (2) 474,672 0 + 10,092 Notes and bonds, inflation-indexed (2) 34,459 0 + 11,813 Inflation compensation (3) 4,403 + 56 + 614 Federal agency (2) 0 0 0 Repurchase agreements (4) 30,250 + 10,250 + 2,000 Loans 186 - 1 - 96 Items in process of collection (1,997) 4,916 + 1,230 - 1,063 Bank premises 2,045 + 6 + 188 Other assets (5) 38,288 - 3 - 175 Total assets (1,997) 880,399 + 11,524 + 25,250 Liabilities Federal Reserve notes net of FR Bank holdings 781,376 + 6,324 + 17,844 Reverse repurchase agreements (6) 32,209 + 2,075 + 3,123 Deposits (0) 21,238 + 664 - 2,159 Depository institutions 16,755 + 534 - 766 U.S. Treasury, general account 4,117 + 78 - 1,411 Foreign official 96 - 1 + 6 Other (0) 269 + 51 + 11 Deferred availability cash items (1,997) 5,822 + 1,984 + 1,317 Other liabilities and accrued dividends (7) 5,665 - 466 + 938 Total liabilities (1,997) 846,311 + 10,581 + 21,064 Capital Accounts Capital paid in 16,163 + 52 + 1,188 Surplus 15,399 + 1 + 2,498 Other capital accounts 2,527 + 891 + 501 Total capital 34,088 + 943 + 4,186 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 securites. 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 Loans and Securities, July 4, 2007 Millions of dollars U.S. Treasury Federal agency Reverse Maturity Loans securities (1) securities Repurchase repurchase Weekly Weekly agreements(2)agreements(2) Holdings changes Holdings changes Within 15 days 18 37,561 - 26,864 0 0 30,250 32,209 16 days to 90 days 168 196,414 + 26,158 0 0 0 0 91 days to 1 year 0 164,722 - 854 0 0 ------ ------ Over 1 to 5 years ------ 234,953 + 1,580 0 0 ------ ------ Over 5 to 10 years ------ 74,570 + 14 0 0 ------ ------ Over 10 years ------ 82,333 + 21 0 0 ------ ------ All 186 790,553 + 56 0 0 30,250 32,209 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 classified by remaining maturity of the agreements. 4. Statement of Condition of Each Federal Reserve Bank on July 4, 2007 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas 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 924 24 50 62 97 87 121 108 49 35 73 93 124 Securities, repurchase agreements, and loans 820,989 37,827 297,211 36,313 33,590 71,116 76,134 68,898 26,266 16,431 26,591 36,072 94,540 Securities held outright 790,553 36,433 286,257 34,974 32,352 68,495 73,322 66,309 25,267 15,773 25,591 34,734 91,045 U.S. Treasury (1) 790,553 36,433 286,257 34,974 32,352 68,495 73,322 66,309 25,267 15,773 25,591 34,734 91,045 Bills (2) 277,019 12,767 100,308 12,255 11,336 24,001 25,693 23,235 8,854 5,527 8,967 12,171 31,903 Notes and bonds(3) 513,534 23,667 185,949 22,719 21,015 44,494 47,629 43,074 16,413 10,246 16,624 22,563 59,142 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 30,250 1,394 10,953 1,338 1,238 2,621 2,806 2,537 967 604 979 1,329 3,484 Loans 186 0 0 0 0 0 6 51 32 54 21 9 12 Items in process of collection 6,913 349 158 869 873 398 965 697 164 332 632 462 1,015 Bank premises 2,045 117 215 56 156 173 231 207 94 114 224 260 197 Other assets(5) 38,288 1,287 11,928 3,194 2,191 7,103 3,279 2,507 774 721 772 1,016 3,518 Interdistrict settlement account 0 - 3,525 + 68 + 133 - 2,962 + 1,603 + 5,535 + 720 + 180 - 962 + 895 - 508 - 1,176 Total Assets 882,396 36,644 314,556 41,165 34,476 81,496 87,549 74,252 27,923 16,904 29,588 38,106 99,738 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. 4. Statement of Condition of Each Federal Reserve Bank on July 4, 2007 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Liabilities Federal Reserve notes outstanding 980,274 37,671 347,562 40,819 36,788 80,183 107,896 80,727 29,281 17,262 30,358 57,601 114,127 Less: notes held by F.R. Banks 198,897 4,684 65,408 6,794 8,508 14,287 29,270 13,241 3,484 2,572 3,490 22,980 24,177 Federal Reserve notes, net 781,376 32,987 282,154 34,024 28,280 65,896 78,626 67,486 25,797 14,690 26,868 34,621 89,949 Reverse repurchase agreements (1) 32,209 1,484 11,663 1,425 1,318 2,791 2,987 2,702 1,029 643 1,043 1,415 3,709 Deposits 21,238 653 9,451 603 1,400 3,031 1,514 1,093 311 253 440 667 1,820 Depository institutions 16,755 644 5,104 597 1,397 2,928 1,511 1,090 310 252 439 667 1,817 U.S. Treasury, general account 4,117 0 4,117 0 0 0 0 0 0 0 0 0 0 Foreign official 96 1 66 5 3 11 3 2 0 1 0 1 3 Other 269 8 163 1 0 93 0 0 1 0 1 0 0 Deferred availability cash items 7,820 403 356 1,151 944 586 1,073 593 168 497 606 510 933 Other liabilities and accrued dividends (2) 5,665 251 1,753 254 259 735 550 465 215 147 206 275 556 Total liabilities 848,308 35,779 305,376 37,457 32,201 73,039 84,750 72,337 27,521 16,229 29,163 37,489 96,967 Capital Capital paid in 16,163 388 4,292 1,809 1,101 4,189 1,238 890 173 322 189 279 1,294 Surplus 15,399 396 3,794 1,811 1,087 4,096 1,277 859 166 276 176 213 1,247 Other capital 2,527 81 1,095 88 87 172 284 165 63 77 60 125 229 Total liabilities and capital 882,396 36,644 314,556 41,165 34,476 81,496 87,549 74,252 27,923 16,904 29,588 38,106 99,738 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 Federal Reserve notes and collateral Wednesday Jul 4, 2007 Federal Reserve notes outstanding 980,274 Less: Notes held by F.R. Banks not subject to collateralization 198,897 Federal Reserve Notes to be collateralized 781,376 Collateral held against Federal Reserve notes 781,376 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 768,139 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 820,803 Less:face value of securities under reverse repurchase agreements 32,258 U.S. Treasury and agency securities eligible to be pledged 788,545 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.