FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 6, 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 Sep 5, 2007 Aug 29, 2007 Sep 6, 2006 Sep 5, 2007 Federal Reserve Banks Reserve Bank Credit 856,617 + 6,632 + 24,448 855,927 Securities held outright 779,641 - 4,989 + 12,890 779,640 U.S. Treasury (1) 779,641 - 4,989 + 12,890 779,640 Bills (2) 267,019 - 5,000 - 10,000 267,019 Notes and bonds, nominal (2) 472,142 0 + 12,447 472,142 Notes and bonds, inflation-indexed (2) 35,753 0 + 9,734 35,753 Inflation compensation (3) 4,728 + 11 + 709 4,727 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 37,000 + 12,429 + 10,643 35,000 Loans to depository institutions 1,341 - 236 + 996 1,338 Primary credit 1,103 - 212 + 1,100 1,106 Secondary credit 0 0 0 0 Seasonal credit 238 - 24 - 103 232 Float -351 - 355 - 194 726 Other Federal Reserve assets 38,985 - 218 + 112 39,222 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,611 + 14 + 586 38,611 Total factors supplying reserve funds 908,469 + 6,646 + 25,033 907,779 Currency in circulation(5) 814,941 + 5,059 + 16,438 815,917 Reverse repurchase agreements (6) 34,931 + 4,043 + 7,880 35,098 Foreign official and international accounts 34,931 + 4,043 + 7,880 35,098 Dealers 0 0 0 0 Treasury cash holdings 331 + 22 + 159 343 Deposits with F.R.Banks, other than reserve balances 11,697 - 592 - 228 11,440 U.S. Treasury, general account 4,685 - 404 + 154 4,489 Foreign official 95 0 + 3 97 Service-related 6,614 - 239 - 177 6,614 Required clearing balances 6,614 - 239 - 177 6,614 Adjustments to compensate for float 0 0 0 0 Other 303 + 51 - 209 241 Other liabilities and capital 40,610 - 107 + 4,758 40,411 Total factors, other than reserve balances, absorbing reserve funds 902,510 + 8,425 + 29,006 903,208 Reserve balances with Federal Reserve Banks 5,959 - 1,778 - 3,973 4,571 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,980,195 + 842 + 299,823 1,981,271 U.S. Treasury 1,207,179 + 1,807 + 62,532 1,210,459 Federal agency 773,016 - 965 + 237,291 770,811 Securities lent to dealers 5,886 + 618 + 2,587 7,170 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 Sep 5, 2007 Aug 29, 2007 Sep 6, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,017 + 3 + 237 Securities, repurchase agreements, and loans 815,979 - 3,765 + 29,124 Securities held outright 779,640 - 4,997 + 12,883 U.S. Treasury (1) 779,640 - 4,997 + 12,883 Bills (2) 267,019 - 5,000 - 10,000 Notes and bonds, nominal (2) 472,142 0 + 12,447 Notes and bonds, inflation-indexed (2) 35,753 0 + 9,734 Inflation compensation (3) 4,727 + 4 + 702 Federal agency (2) 0 0 0 Repurchase agreements (4) 35,000 + 1,250 + 15,250 Loans 1,338 - 19 + 990 Items in process of collection (1,739) 5,496 + 2,241 - 7,294 Bank premises 2,079 + 8 + 197 Other assets (5) 37,244 - 206 + 275 Total assets (1,739) 875,052 - 1,719 + 22,540 Liabilities Federal Reserve notes net of FR Bank holdings 778,661 + 3,475 + 16,464 Reverse repurchase agreements (6) 35,098 + 3,888 + 8,220 Deposits (0) 16,112 - 10,749 - 5,453 Depository institutions 11,286 - 10,306 - 5,525 U.S. Treasury, general account 4,489 - 435 + 116 Foreign official 97 + 2 - 7 Other (0) 241 - 9 - 36 Deferred availability cash items (1,739) 4,770 + 1,548 - 1,648 Other liabilities and accrued dividends (7) 6,066 + 60 + 727 Total liabilities (1,739) 840,707 - 1,779 + 18,310 Capital Accounts Capital paid in 16,974 + 127 + 1,910 Surplus 15,424 + 1 + 2,523 Other capital accounts 1,947 - 68 - 204 Total capital 34,345 + 60 + 4,229 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, September 5, 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 543 48,105 - 9,869 0 0 35,000 35,098 16 days to 90 days 796 160,127 + 4,011 0 0 0 0 91 days to 1 year 0 172,421 - 2,009 0 0 ------ ------ Over 1 to 5 years ------ 237,297 + 2,869 0 0 ------ ------ Over 5 to 10 years ------ 75,489 0 0 0 ------ ------ Over 10 years ------ 86,201 + 1 0 0 ------ ------ All 1,338 779,640 - 4,997 0 0 35,000 35,098 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 September 5, 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 1,017 26 57 67 95 110 142 118 45 37 76 108 135 Securities, repurchase agreements, and loans 815,979 37,544 295,534 36,049 33,338 71,132 75,560 68,377 26,093 16,311 26,413 35,804 93,824 Securities held outright 779,640 35,930 282,306 34,492 31,905 67,550 72,310 65,394 24,918 15,556 25,238 34,255 89,788 U.S. Treasury (1) 779,640 35,930 282,306 34,492 31,905 67,550 72,310 65,394 24,918 15,556 25,238 34,255 89,788 Bills (2) 267,019 12,306 96,687 11,813 10,927 23,135 24,765 22,397 8,534 5,328 8,644 11,732 30,752 Notes and bonds(3) 512,621 23,625 185,619 22,679 20,978 44,415 47,545 42,997 16,384 10,228 16,594 22,523 59,037 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 35,000 1,613 12,673 1,548 1,432 3,032 3,246 2,936 1,119 698 1,133 1,538 4,031 Loans 1,338 0 555 9 0 550 4 47 56 58 42 11 5 Items in process of collection 7,235 357 159 771 831 402 731 693 518 588 479 602 1,105 Bank premises 2,079 119 217 57 155 176 230 206 99 114 244 259 204 Other assets(5) 37,244 1,222 11,435 3,298 2,159 7,120 3,171 2,393 719 694 722 945 3,367 Interdistrict settlement account 0 - 3,975 + 4,429 - 205 - 2,151 + 2,962 + 4,991 - 110 - 198 - 1,650 + 935 - 2,510 - 2,518 Total Assets 876,791 35,858 316,757 40,575 34,958 82,918 86,108 72,791 27,674 16,327 29,270 35,919 97,637 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 September 5, 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 996,109 37,287 358,610 41,136 38,241 81,516 110,628 80,161 29,287 17,288 30,268 57,794 113,893 Less: notes held by F.R. Banks 217,447 5,426 71,666 7,736 8,715 14,598 32,921 14,387 3,812 3,175 3,555 25,491 25,966 Federal Reserve notes, net 778,661 31,861 286,945 33,400 29,526 66,918 77,708 65,774 25,475 14,112 26,712 32,303 87,927 Reverse repurchase agreements (1) 35,098 1,618 12,709 1,553 1,436 3,041 3,255 2,944 1,122 700 1,136 1,542 4,042 Deposits 16,112 466 6,086 830 813 2,400 1,329 1,091 308 227 396 633 1,534 Depository institutions 11,286 458 1,365 825 810 2,325 1,326 1,088 307 226 394 632 1,531 U.S. Treasury, general account 4,489 0 4,489 0 0 0 0 0 0 0 0 0 0 Foreign official 97 1 66 5 3 11 3 2 0 1 0 1 3 Other 241 7 166 0 0 65 0 0 1 0 1 0 0 Deferred availability cash items 6,509 375 247 868 835 441 678 649 170 417 409 556 865 Other liabilities and accrued dividends (2) 6,066 271 1,842 279 274 865 578 485 225 154 219 284 590 Total liabilities 842,446 34,590 307,828 36,930 32,884 73,666 83,547 70,943 27,300 15,610 28,872 35,318 94,957 Capital Capital paid in 16,974 847 4,288 1,808 917 4,676 1,230 897 176 353 189 287 1,306 Surplus 15,424 396 3,816 1,811 1,087 4,098 1,277 860 167 276 176 214 1,248 Other capital 1,947 25 825 25 70 480 54 91 32 87 33 99 126 Total liabilities and capital 876,791 35,858 316,757 40,575 34,958 82,918 86,108 72,791 27,674 16,327 29,270 35,919 97,637 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 Sep 5, 2007 Federal Reserve notes outstanding 996,109 Less: Notes held by F.R. Banks not subject to collateralization 217,447 Federal Reserve Notes to be collateralized 778,661 Collateral held against Federal Reserve notes 778,661 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 765,425 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 814,640 Less:face value of securities under reverse repurchase agreements 35,153 U.S. Treasury and agency securities eligible to be pledged 779,488 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.