FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 7, 2008 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 Feb 6, 2008 Jan 30, 2008 Feb 7, 2007 Feb 6, 2008 Federal Reserve Banks Reserve Bank Credit 861,703 - 2,916 + 20,183 855,350 Securities held outright 713,379 - 4,971 - 65,492 713,376 U.S. Treasury (1) 713,379 - 4,971 - 65,492 713,376 Bills (2) 200,360 - 5,000 - 76,659 200,360 Notes and bonds, nominal (2) 470,010 - 974 + 3,335 470,010 Notes and bonds, inflation-indexed (2) 38,437 + 974 + 6,661 38,437 Inflation compensation (3) 4,572 + 28 + 1,171 4,570 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 21,679 - 7,714 - 714 15,500 Term auction credit 60,000 + 10,000 + 60,000 60,000 Other loans 145 + 117 + 124 459 Primary credit 144 + 119 + 143 458 Secondary credit 0 0 0 0 Seasonal credit 1 - 1 - 19 1 Float -1,261 - 112 - 808 -1,593 Other Federal Reserve assets 67,762 - 235 + 27,074 67,607 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 + 485 38,751 Total factors supplying reserve funds 913,695 - 2,902 + 20,668 907,342 Currency in circulation(5) 811,589 + 1,846 + 9,177 814,199 Reverse repurchase agreements (6) 37,555 - 1,926 + 2,066 36,553 Foreign official and international accounts 37,555 - 1,926 + 2,066 36,553 Dealers 0 0 0 0 Treasury cash holdings 286 - 16 + 108 276 Deposits with F.R.Banks, other than reserve balances 12,823 + 1,071 + 439 12,051 U.S. Treasury, general account 5,548 + 898 + 451 4,841 Foreign official 101 0 + 12 98 Service-related 6,812 + 141 - 49 6,812 Required clearing balances 6,812 + 141 - 49 6,812 Adjustments to compensate for float 0 0 0 0 Other 362 + 32 + 25 300 Other liabilities and capital 42,493 - 210 + 5,367 41,519 Total factors, other than reserve balances, absorbing reserve funds 904,746 + 765 + 17,157 904,598 Reserve balances with Federal Reserve Banks 8,949 - 3,667 + 3,511 2,744 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 2,117,606 + 7,251 + 319,922 2,112,259 U.S. Treasury 1,267,132 + 10,851 + 86,485 1,267,216 Federal agency 850,473 - 3,600 + 233,436 845,043 Securities lent to dealers 11,982 + 473 + 9,163 13,296 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 Feb 6, 2008 Jan 30, 2008 Feb 7, 2007 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,388 + 19 + 348 Securities, repurchase agreements, term auction credit, and other loans 789,336 - 29,081 - 9,313 Securities held outright 713,376 - 4,995 - 65,500 U.S. Treasury (1) 713,376 - 4,995 - 65,500 Bills (2) 200,360 - 5,000 - 76,659 Notes and bonds, nominal (2) 470,010 - 974 + 3,335 Notes and bonds, inflation-indexed (2) 38,437 + 974 + 6,661 Inflation compensation (3) 4,570 + 6 + 1,164 Federal agency (2) 0 0 0 Repurchase agreements (4) 15,500 - 34,500 - 4,250 Term auction credit 60,000 + 10,000 + 60,000 Other loans 459 + 413 + 436 Items in process of collection (589) 1,817 + 92 - 3,276 Bank premises 2,132 - 8 + 176 Other assets (5) 65,374 - 793 + 26,481 Total assets (589) 873,285 - 29,770 + 14,417 Liabilities Federal Reserve notes, net of FR Bank holdings 777,108 + 2,826 + 9,191 Reverse repurchase agreements (6) 36,553 - 2,932 + 2,923 Deposits (0) 14,694 - 29,304 - 1,450 Depository institutions 9,456 - 29,041 - 1,036 U.S. Treasury, general account 4,841 - 241 - 414 Foreign official 98 - 1 + 8 Other (0) 300 - 20 - 6 Deferred availability cash items (589) 3,411 + 564 - 965 Other liabilities and accrued dividends (7) 4,121 - 425 - 1,498 Total liabilities (589) 835,887 - 29,271 + 8,201 Capital Accounts Capital paid in 18,477 + 5 + 3,116 Surplus 18,457 - 23 + 3,301 Other capital accounts 464 - 481 - 201 Total capital 37,398 - 499 + 6,216 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 Term Auction Credit, Other Loans and Securities, February 6, 2008 Millions of dollars Term auction Other U.S. Treasury Reverse Remaining maturity credit loans securities (1) Repurchase repurchase Weekly agreements(2)agreements(2) Holdings changes Within 15 days 30,000 452 54,661 + 5,891 15,500 36,553 16 days to 90 days 30,000 8 104,384 - 11,391 0 0 91 days to 1 year ------ 0 146,948 - 2,131 ------ ------ Over 1 to 5 years ------ ------ 233,089 + 1,657 ------ ------ Over 5 to 10 years ------ ------ 84,408 + 1 ------ ------ Over 10 years ------ ------ 89,887 + 978 ------ ------ All 60,000 459 713,376 - 4,995 15,500 36,553 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. 4. Statement of Condition of Each Federal Reserve Bank on February 6, 2008 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 1,388 47 67 105 127 165 180 151 57 55 88 152 194 Securities, repurchase agreements, term auction credit, and other loans 789,336 34,111 306,864 32,246 31,359 63,676 72,747 61,771 24,846 16,492 23,815 33,274 88,136 Securities held outright 713,376 32,877 258,312 31,560 29,194 61,808 66,164 59,836 22,800 14,233 23,093 31,343 82,157 U.S. Treasury (1) 713,376 32,877 258,312 31,560 29,194 61,808 66,164 59,836 22,800 14,233 23,093 31,343 82,157 Bills (2) 200,360 9,234 72,550 8,864 8,199 17,360 18,583 16,806 6,404 3,998 6,486 8,803 23,075 Notes and bonds(3) 513,016 23,643 185,762 22,696 20,994 44,449 47,581 43,030 16,396 10,236 16,607 22,540 59,082 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 15,500 714 5,613 686 634 1,343 1,438 1,300 495 309 502 681 1,785 Term auction credit 60,000 520 42,939 0 1,091 525 5,145 635 1,550 1,949 220 1,250 4,176 Other loans 459 0 0 0 440 0 0 0 0 0 1 0 18 Items in process of collection 2,406 102 51 281 362 137 176 195 45 157 153 192 554 Bank premises 2,132 119 214 65 152 184 229 205 114 112 274 256 208 Other assets(5) 65,374 3,462 19,013 5,391 4,041 14,371 5,228 3,467 1,038 1,265 1,065 1,683 5,350 Interdistrict settlement account 0 - 1,279 -20,253 + 1,249 - 442 + 1,831 + 1,774 +11,300 + 4,285 - 142 + 6,233 - 1,013 - 3,544 Total Assets 873,873 37,127 310,882 39,875 36,130 81,381 81,617 78,205 30,782 18,172 32,030 35,255 92,419 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 February 6, 2008 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 999,251 39,104 348,676 42,221 39,566 80,266 109,811 86,139 32,931 19,215 33,247 56,799 111,277 Less: notes held by F.R. Banks 222,143 6,513 68,326 8,941 8,912 14,648 36,191 14,545 4,246 3,119 3,588 24,956 28,160 Federal Reserve notes, net 777,108 32,591 280,350 33,280 30,654 65,618 73,621 71,594 28,685 16,095 29,659 31,843 83,117 Reverse repurchase agreements (1) 36,553 1,685 13,236 1,617 1,496 3,167 3,390 3,066 1,168 729 1,183 1,606 4,210 Deposits 14,694 310 6,685 474 651 1,703 921 1,135 291 230 357 613 1,324 Depository institutions 9,456 291 1,595 470 648 1,606 918 1,133 278 229 355 612 1,321 U.S. Treasury, general account 4,841 0 4,841 0 0 0 0 0 0 0 0 0 0 Foreign official 98 2 68 4 3 11 3 2 0 1 0 1 3 Other 300 17 181 0 0 87 0 0 13 0 1 0 0 Deferred availability cash items 3,999 193 135 657 514 355 340 358 76 277 258 231 605 Other liabilities and accrued dividends (2) 4,121 203 1,060 205 216 527 447 369 179 119 166 211 417 Total liabilities 836,476 34,982 301,466 36,234 33,531 71,370 78,719 76,522 30,399 17,451 31,624 34,505 89,674 Capital Capital paid in 18,477 1,049 4,620 1,814 1,294 4,997 1,447 819 182 355 196 364 1,340 Surplus 18,457 1,049 4,624 1,813 1,291 4,996 1,425 815 180 355 194 364 1,350 Other capital 464 46 173 13 14 17 26 49 21 11 16 22 55 Total liabilities and capital 873,873 37,127 310,882 39,875 36,130 81,381 81,617 78,205 30,782 18,172 32,030 35,255 92,419 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 Feb 6, 2008 Federal Reserve notes outstanding 999,251 Less: Notes held by F.R. Banks not subject to collateralization 222,143 Federal Reserve notes to be collateralized 777,108 Collateral held against Federal Reserve notes 777,108 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 692,295 Other assets pledged 71,576 Memo: Total U.S. Treasury and agency securities (1) 728,876 Less:face value of securities under reverse repurchase agreements 36,581 U.S. Treasury and agency securities eligible to be pledged 692,295 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.