FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 12, 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 11, 2007 Jul 4, 2007 Jul 12, 2006 Jul 11, 2007 Federal Reserve Banks Reserve Bank Credit 854,278 - 3,016 + 24,176 851,809 Securities held outright 790,587 + 56 + 24,183 790,606 U.S. Treasury (1) 790,587 + 56 + 24,183 790,606 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) 4,437 + 56 + 629 4,457 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 22,893 - 4,286 + 1,750 20,500 Loans to depository institutions 238 + 42 - 61 208 Primary credit 43 + 25 + 32 2 Secondary credit 0 0 0 0 Seasonal credit 195 + 17 - 94 205 Float 1 + 960 - 979 -410 Other Federal Reserve assets 40,559 + 211 - 717 40,905 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,554 + 14 + 555 38,554 Total factors supplying reserve funds 906,073 - 3,003 + 24,731 903,604 Currency in circulation(5) 817,354 + 2,528 + 19,065 817,166 Reverse repurchase agreements (6) 31,724 - 470 + 3,405 31,296 Foreign official and international accounts 31,724 - 470 + 3,405 31,296 Dealers 0 0 0 0 Treasury cash holdings 313 + 4 + 146 356 Deposits with F.R.Banks, other than reserve balances 11,699 + 322 - 1,051 11,719 U.S. Treasury, general account 4,912 + 305 - 274 4,914 Foreign official 95 - 45 0 95 Service-related 6,433 + 39 - 784 6,433 Required clearing balances 6,433 + 39 - 784 6,433 Adjustments to compensate for float 0 0 0 0 Other 259 + 22 + 8 277 Other liabilities and capital 39,439 - 67 + 4,220 38,888 Total factors, other than reserve balances, absorbing reserve funds 900,529 + 2,317 + 25,785 899,426 Reserve balances with Federal Reserve Banks 5,543 - 5,321 - 1,055 4,178 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,988,983 + 6,815 + 356,428 1,997,056 U.S. Treasury 1,245,021 + 4,359 + 131,730 1,252,058 Federal agency 743,962 + 2,455 + 224,698 744,998 Securities lent to dealers 3,213 - 6,928 + 213 2,007 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 11, 2007 Jul 4, 2007 Jul 12, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 927 + 3 + 216 Securities, repurchase agreements, and loans 811,314 - 9,675 + 23,794 Securities held outright 790,606 + 53 + 24,192 U.S. Treasury (1) 790,606 + 53 + 24,192 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) 4,457 + 54 + 638 Federal agency (2) 0 0 0 Repurchase agreements (4) 20,500 - 9,750 - 250 Loans 208 + 22 - 147 Items in process of collection (3,654) 6,703 + 1,787 + 1,144 Bank premises 2,046 + 1 + 188 Other assets (5) 38,971 + 683 - 30 Total assets (3,654) 873,198 - 7,201 + 25,312 Liabilities Federal Reserve notes net of FR Bank holdings 779,891 - 1,485 + 19,239 Reverse repurchase agreements (6) 31,296 - 913 + 2,758 Deposits (0) 16,010 - 5,228 - 2,648 Depository institutions 10,723 - 6,032 - 2,546 U.S. Treasury, general account 4,914 + 797 - 110 Foreign official 95 - 1 + 6 Other (0) 277 + 8 0 Deferred availability cash items (3,654) 7,113 + 1,291 + 1,641 Other liabilities and accrued dividends (7) 5,697 + 32 + 908 Total liabilities (3,654) 840,007 - 6,304 + 21,897 Capital Accounts Capital paid in 16,165 + 2 + 1,188 Surplus 15,399 0 + 2,498 Other capital accounts 1,627 - 900 - 271 Total capital 33,191 - 897 + 3,415 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 11, 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 24 53,555 + 15,994 0 0 20,500 31,296 16 days to 90 days 183 179,721 - 16,693 0 0 0 0 91 days to 1 year 0 165,426 + 704 0 0 ------ ------ Over 1 to 5 years ------ 234,969 + 16 0 0 ------ ------ Over 5 to 10 years ------ 74,583 + 13 0 0 ------ ------ Over 10 years ------ 82,354 + 21 0 0 ------ ------ All 208 790,606 + 53 0 0 20,500 31,296 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 11, 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 927 25 46 61 95 87 123 113 50 39 72 97 119 Securities, repurchase agreements, and loans 811,314 37,380 293,700 35,884 33,193 70,276 75,233 68,086 25,974 16,248 26,274 35,646 93,420 Securities held outright 790,606 36,436 286,276 34,977 32,354 68,500 73,327 66,314 25,269 15,774 25,593 34,737 91,051 U.S. Treasury (1) 790,606 36,436 286,276 34,977 32,354 68,500 73,327 66,314 25,269 15,774 25,593 34,737 91,051 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) 513,588 23,669 185,969 22,721 21,018 44,498 47,634 43,078 16,415 10,247 16,625 22,565 59,148 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 20,500 945 7,423 907 839 1,776 1,901 1,719 655 409 664 901 2,361 Loans 208 0 0 0 0 0 5 53 50 64 18 9 8 Items in process of collection 10,357 408 613 943 1,349 623 1,022 883 139 565 504 799 2,510 Bank premises 2,046 118 215 56 156 173 231 207 94 114 224 260 198 Other assets(5) 38,971 1,311 12,150 3,243 2,219 7,205 3,356 2,554 790 733 784 1,037 3,589 Interdistrict settlement account 0 - 3,623 + 1,165 + 167 - 3,126 + 376 + 5,898 + 1,261 + 298 - 964 + 1,247 - 853 - 1,845 Total Assets 876,852 36,183 312,816 40,891 34,417 79,757 87,145 74,218 27,742 16,967 29,506 37,699 99,510 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 11, 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 982,532 37,626 349,122 40,931 36,959 80,341 108,087 80,717 29,271 17,249 30,431 57,584 114,213 Less: notes held by F.R. Banks 202,641 4,942 65,992 7,164 8,548 14,666 29,213 13,722 3,596 2,664 3,488 23,686 24,959 Federal Reserve notes, net 779,891 32,684 283,130 33,766 28,411 65,676 78,874 66,996 25,675 14,586 26,942 33,898 89,254 Reverse repurchase agreements (1) 31,296 1,442 11,332 1,385 1,281 2,712 2,903 2,625 1,000 624 1,013 1,375 3,604 Deposits 16,010 398 7,038 550 807 1,345 1,299 1,307 310 272 424 703 1,557 Depository institutions 10,723 394 1,905 544 803 1,220 1,296 1,304 309 271 422 703 1,554 U.S. Treasury, general account 4,914 0 4,914 0 0 0 0 0 0 0 0 0 0 Foreign official 95 1 65 5 3 11 3 2 0 1 0 1 3 Other 277 3 154 1 1 114 0 1 1 0 1 0 0 Deferred availability cash items 10,767 587 690 1,258 1,416 793 967 978 167 673 520 856 1,862 Other liabilities and accrued dividends (2) 5,697 252 1,760 259 264 751 523 470 222 153 207 274 563 Total liabilities 843,661 35,363 303,950 37,218 32,179 71,277 84,565 72,376 27,374 16,308 29,106 37,106 96,840 Capital Capital paid in 16,165 388 4,292 1,809 1,101 4,191 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 1,627 36 780 54 51 193 66 93 28 61 35 100 129 Total liabilities and capital 876,852 36,183 312,816 40,891 34,417 79,757 87,145 74,218 27,742 16,967 29,506 37,699 99,510 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 11, 2007 Federal Reserve notes outstanding 982,532 Less: Notes held by F.R. Banks not subject to collateralization 202,641 Federal Reserve Notes to be collateralized 779,891 Collateral held against Federal Reserve notes 779,891 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 766,654 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 811,106 Less:face value of securities under reverse repurchase agreements 31,343 U.S. Treasury and agency securities eligible to be pledged 779,763 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.