FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 29, 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 Nov 28, 2007 Nov 21, 2007 Nov 29, 2006 Nov 28, 2007 Federal Reserve Banks Reserve Bank Credit 869,619 + 1,483 + 25,586 865,646 Securities held outright 779,683 + 26 + 7,609 779,693 U.S. Treasury (1) 779,683 + 26 + 7,609 779,693 Bills (2) 267,019 0 - 10,000 267,019 Notes and bonds, nominal (2) 470,984 0 + 10,166 470,984 Notes and bonds, inflation-indexed (2) 36,911 0 + 6,806 36,911 Inflation compensation (3) 4,770 + 27 + 637 4,779 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 49,250 + 964 + 14,500 46,000 Loans to depository institutions 55 - 426 - 56 54 Primary credit 7 - 427 - 4 8 Secondary credit 0 0 0 0 Seasonal credit 48 + 2 - 53 46 Float -568 + 56 - 165 -1,255 Other Federal Reserve assets 41,200 + 863 + 3,699 41,154 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,751 + 14 + 583 38,751 Total factors supplying reserve funds 921,611 + 1,497 + 26,169 917,638 Currency in circulation(5) 821,992 + 1,232 + 14,286 821,000 Reverse repurchase agreements (6) 35,146 + 54 + 4,670 34,272 Foreign official and international accounts 35,146 + 54 + 4,670 34,272 Dealers 0 0 0 0 Treasury cash holdings 267 - 8 + 104 266 Deposits with F.R.Banks, other than reserve balances 12,071 + 303 - 170 11,586 U.S. Treasury, general account 5,176 + 217 + 146 4,711 Foreign official 97 - 1 + 7 97 Service-related 6,487 + 104 - 345 6,487 Required clearing balances 6,487 + 106 - 345 6,487 Adjustments to compensate for float 0 - 2 0 0 Other 311 - 17 + 21 291 Other liabilities and capital 43,248 + 353 + 7,323 42,447 Total factors, other than reserve balances, absorbing reserve funds 912,724 + 1,934 + 26,213 909,571 Reserve balances with Federal Reserve Banks 8,887 - 437 - 44 8,067 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 2,031,475 + 5,703 + 320,163 2,033,461 U.S. Treasury 1,225,293 + 2,023 + 76,036 1,223,628 Federal agency 806,181 + 3,679 + 244,127 809,833 Securities lent to dealers 8,006 - 988 + 6,723 10,259 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 Nov 28, 2007 Nov 21, 2007 Nov 29, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,165 - 13 + 379 Securities, repurchase agreements, and loans 825,747 - 8,981 + 20,009 Securities held outright 779,693 + 23 + 7,083 U.S. Treasury (1) 779,693 + 23 + 7,083 Bills (2) 267,019 0 - 10,000 Notes and bonds, nominal (2) 470,984 0 + 9,616 Notes and bonds, inflation-indexed (2) 36,911 0 + 6,806 Inflation compensation (3) 4,779 + 23 + 661 Federal agency (2) 0 0 0 Repurchase agreements (4) 46,000 - 9,000 + 13,000 Loans 54 - 4 - 74 Items in process of collection (476) 1,563 - 2,802 - 1,525 Bank premises 2,114 0 + 202 Other assets (5) 39,024 + 176 + 3,132 Total assets (476) 882,848 - 11,623 + 22,196 Liabilities Federal Reserve notes net of FR Bank holdings 783,675 - 2,702 + 12,608 Reverse repurchase agreements (6) 34,272 - 1,111 + 3,549 Deposits (0) 19,576 - 7,117 + 334 Depository institutions 14,477 - 6,490 + 449 U.S. Treasury, general account 4,711 - 613 - 96 Foreign official 97 + 1 + 5 Other (0) 291 - 15 - 25 Deferred availability cash items (476) 2,878 - 210 - 995 Other liabilities and accrued dividends (7) 5,904 + 8 - 80 Total liabilities (476) 846,305 - 11,132 + 15,415 Capital Accounts Capital paid in 18,278 + 189 + 2,973 Surplus 15,457 0 + 4,903 Other capital accounts 2,809 - 679 - 1,095 Total capital 36,543 - 490 + 6,781 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, November 28, 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 49 58,200 + 1,321 0 0 46,000 34,272 16 days to 90 days 5 158,806 - 1,219 0 0 0 0 91 days to 1 year 0 160,446 - 99 0 0 ------ ------ Over 1 to 5 years ------ 231,534 + 8 0 0 ------ ------ Over 5 to 10 years ------ 81,931 + 4 0 0 ------ ------ Over 10 years ------ 88,776 + 9 0 0 ------ ------ All 54 779,693 + 23 0 0 46,000 34,272 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 November 28, 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 1,165 37 59 86 111 130 153 134 49 44 75 125 162 Securities, repurchase agreements, and loans 825,747 38,053 298,981 36,533 33,790 71,540 76,581 69,269 26,393 16,481 26,746 36,282 95,098 Securities held outright 779,693 35,933 282,325 34,494 31,908 67,554 72,315 65,398 24,920 15,557 25,239 34,257 89,794 U.S. Treasury (1) 779,693 35,933 282,325 34,494 31,908 67,554 72,315 65,398 24,920 15,557 25,239 34,257 89,794 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) 512,674 23,627 185,638 22,681 20,980 44,419 47,549 43,001 16,386 10,229 16,596 22,525 59,043 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 46,000 2,120 16,656 2,035 1,882 3,986 4,266 3,858 1,470 918 1,489 2,021 5,298 Loans 54 0 0 4 0 0 0 13 3 7 17 4 7 Items in process of collection 2,039 81 41 348 202 109 218 172 44 153 118 155 397 Bank premises 2,114 120 216 63 154 179 230 204 107 113 259 258 212 Other assets(5) 39,024 1,272 11,932 3,505 2,278 7,541 3,303 2,494 728 725 749 975 3,522 Interdistrict settlement account 0 - 2,995 + 6,419 - 1,211 - 866 + 2,857 - 2,701 + 107 + 3,010 - 139 + 3,733 - 2,973 - 5,240 Total Assets 883,324 37,132 322,575 39,861 36,201 83,372 79,067 73,494 30,727 17,610 32,081 35,532 95,671 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 November 28, 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 1,004,452 38,782 359,693 41,325 38,479 81,242 108,307 81,516 32,538 18,379 33,268 57,602 113,319 Less: notes held by F.R. Banks 220,777 5,871 71,215 7,883 7,367 13,938 37,360 14,554 3,864 2,883 3,522 25,390 26,929 Federal Reserve notes, net 783,675 32,911 288,478 33,441 31,112 67,304 70,947 66,962 28,675 15,496 29,746 32,213 86,390 Reverse repurchase agreements (1) 34,272 1,579 12,410 1,516 1,403 2,969 3,179 2,875 1,095 684 1,109 1,506 3,947 Deposits 19,576 425 10,820 519 614 1,728 1,221 1,111 295 304 415 619 1,504 Depository institutions 14,477 412 5,857 515 610 1,640 1,217 1,109 282 303 413 619 1,501 U.S. Treasury, general account 4,711 0 4,711 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 291 12 186 0 1 77 0 0 12 0 1 0 0 Deferred availability cash items 3,354 152 72 474 479 257 332 283 71 254 216 174 590 Other liabilities and accrued dividends (2) 5,904 262 1,733 285 277 954 523 468 215 157 197 274 560 Total liabilities 846,781 35,331 313,512 36,236 33,885 73,212 76,201 71,698 30,351 16,895 31,684 34,786 92,990 Capital Capital paid in 18,278 985 4,538 1,813 1,154 5,093 1,410 880 180 354 190 362 1,317 Surplus 15,457 396 3,842 1,811 1,088 4,099 1,278 861 167 276 176 214 1,248 Other capital 2,809 420 683 0 74 968 178 55 29 85 31 170 115 Total liabilities and capital 883,324 37,132 322,575 39,861 36,201 83,372 79,067 73,494 30,727 17,610 32,081 35,532 95,671 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 Nov 28, 2007 Federal Reserve notes outstanding 1,004,452 Less: Notes held by F.R. Banks not subject to collateralization 220,777 Federal Reserve Notes to be collateralized 783,675 Collateral held against Federal Reserve notes 783,675 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 770,439 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 825,693 Less:face value of securities under reverse repurchase agreements 34,310 U.S. Treasury and agency securities eligible to be pledged 791,383 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.