FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 18, 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 Oct 17, 2007 Oct 10, 2007 Oct 18, 2006 Oct 17, 2007 Federal Reserve Banks Reserve Bank Credit 858,089 - 226 + 26,495 855,421 Securities held outright 779,597 - 16 + 11,020 779,591 U.S. Treasury (1) 779,597 - 16 + 11,020 779,591 Bills (2) 267,019 0 - 10,000 267,019 Notes and bonds, nominal (2) 472,142 0 + 11,339 472,142 Notes and bonds, inflation-indexed (2) 35,753 0 + 9,129 35,753 Inflation compensation (3) 4,684 - 15 + 553 4,677 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 38,500 + 429 + 15,714 36,250 Loans to depository institutions 240 - 17 + 10 108 Primary credit 126 + 13 + 92 10 Secondary credit 0 0 0 0 Seasonal credit 114 - 30 - 83 98 Float -1,471 - 956 - 1,004 -1,816 Other Federal Reserve assets 41,223 + 334 + 755 41,289 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,679 + 14 + 571 38,679 Total factors supplying reserve funds 910,009 - 212 + 27,066 907,341 Currency in circulation(5) 814,508 - 1,656 + 19,656 814,867 Reverse repurchase agreements (6) 34,404 + 55 + 2,980 35,087 Foreign official and international accounts 34,404 + 55 + 2,980 35,087 Dealers 0 0 0 0 Treasury cash holdings 335 - 5 + 170 324 Deposits with F.R.Banks, other than reserve balances 12,113 + 805 - 57 12,095 U.S. Treasury, general account 5,080 + 701 + 225 5,105 Foreign official 97 0 - 7 97 Service-related 6,578 + 108 - 337 6,578 Required clearing balances 6,578 + 108 - 337 6,578 Adjustments to compensate for float 0 0 0 0 Other 357 - 5 + 60 315 Other liabilities and capital 41,592 + 471 + 5,512 41,364 Total factors, other than reserve balances, absorbing reserve funds 902,953 - 329 + 28,261 903,737 Reserve balances with Federal Reserve Banks 7,056 + 117 - 1,195 3,604 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 2,018,234 + 14,371 + 332,716 2,024,595 U.S. Treasury 1,230,231 + 8,396 + 84,707 1,236,887 Federal agency 788,003 + 5,975 + 248,009 787,708 Securities lent to dealers 5,874 + 2,818 + 4,874 8,354 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 Oct 17, 2007 Oct 10, 2007 Oct 18, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,179 + 36 + 349 Securities, repurchase agreements, and loans 815,949 - 13,832 + 26,144 Securities held outright 779,591 - 17 + 12,940 U.S. Treasury (1) 779,591 - 17 + 12,940 Bills (2) 267,019 0 - 10,000 Notes and bonds, nominal (2) 472,142 0 + 14,084 Notes and bonds, inflation-indexed (2) 35,753 0 + 8,323 Inflation compensation (3) 4,677 - 17 + 534 Federal agency (2) 0 0 0 Repurchase agreements (4) 36,250 - 13,750 + 13,500 Loans 108 - 65 - 296 Items in process of collection (684) 1,377 - 3,294 - 2,880 Bank premises 2,105 + 2 + 206 Other assets (5) 39,278 + 192 + 1,128 Total assets (684) 873,124 - 16,897 + 24,946 Liabilities Federal Reserve notes net of FR Bank holdings 777,686 - 2,062 + 18,941 Reverse repurchase agreements (6) 35,087 + 663 + 2,192 Deposits (0) 15,793 - 14,536 - 203 Depository institutions 10,276 - 15,262 + 197 U.S. Treasury, general account 5,105 + 939 - 435 Foreign official 97 0 + 6 Other (0) 315 - 214 + 28 Deferred availability cash items (684) 3,193 - 1,520 - 1,478 Other liabilities and accrued dividends (7) 5,925 - 83 + 433 Total liabilities (684) 837,684 - 17,539 + 19,885 Capital Accounts Capital paid in 17,736 + 445 + 2,640 Surplus 15,438 0 + 2,537 Other capital accounts 2,266 + 196 - 116 Total capital 35,440 + 641 + 5,061 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, October 17, 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 101 55,399 + 8,844 0 0 36,250 35,087 16 days to 90 days 7 159,545 - 6,099 0 0 0 0 91 days to 1 year 0 166,660 - 1,772 0 0 ------ ------ Over 1 to 5 years ------ 236,325 - 980 0 0 ------ ------ Over 5 to 10 years ------ 75,481 - 3 0 0 ------ ------ Over 10 years ------ 86,181 - 7 0 0 ------ ------ All 108 779,591 - 17 0 0 36,250 35,087 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 October 17, 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 1,179 43 65 86 103 122 164 131 47 45 86 125 163 Securities, repurchase agreements, and loans 815,949 37,599 295,414 36,098 33,387 70,686 75,668 68,443 26,092 16,312 26,434 35,852 93,966 Securities held outright 779,591 35,928 282,288 34,489 31,903 67,545 72,305 65,390 24,916 15,555 25,236 34,253 89,782 U.S. Treasury (1) 779,591 35,928 282,288 34,489 31,903 67,545 72,305 65,390 24,916 15,555 25,236 34,253 89,782 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) 512,572 23,622 185,601 22,676 20,976 44,410 47,540 42,993 16,382 10,227 16,592 22,521 59,031 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 36,250 1,671 13,126 1,604 1,483 3,141 3,362 3,041 1,159 723 1,173 1,593 4,175 Loans 108 0 0 5 0 0 1 13 16 34 24 7 9 Items in process of collection 2,061 110 53 286 108 121 30 227 134 192 113 200 489 Bank premises 2,105 119 217 62 154 177 230 206 104 113 252 259 212 Other assets(5) 39,278 1,313 12,158 3,326 2,266 7,406 3,327 2,549 796 737 783 1,024 3,593 Interdistrict settlement account 0 - 3,556 + 9,922 - 938 - 1,758 + 2,954 + 2,348 - 52 - 349 - 1,465 + 706 - 3,497 - 4,315 Total Assets 873,808 36,191 322,756 39,457 34,792 82,481 83,051 72,619 27,220 16,165 28,774 34,673 95,628 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 October 17, 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 1,001,313 38,177 363,470 40,839 38,135 81,778 111,433 80,465 29,123 17,172 30,201 57,351 113,169 Less: notes held by F.R. Banks 223,626 6,013 71,389 7,992 8,451 15,100 36,282 14,528 4,064 3,114 3,777 25,931 26,987 Federal Reserve notes, net 777,686 32,164 292,081 32,847 29,685 66,678 75,151 65,936 25,058 14,058 26,424 31,420 86,182 Reverse repurchase agreements (1) 35,087 1,617 12,705 1,552 1,436 3,040 3,254 2,943 1,121 700 1,136 1,542 4,041 Deposits 15,793 388 7,276 662 695 1,665 1,041 1,030 328 227 371 564 1,544 Depository institutions 10,276 386 1,941 657 691 1,510 1,038 1,027 326 226 370 564 1,540 U.S. Treasury, general account 5,105 0 5,105 0 0 0 0 0 0 0 0 0 0 Foreign official 97 1 67 5 3 11 3 2 0 1 0 1 3 Other 315 2 164 0 1 144 0 0 1 0 1 0 0 Deferred availability cash items 3,877 172 95 451 493 364 452 362 114 299 242 244 588 Other liabilities and accrued dividends (2) 5,925 269 1,765 280 271 910 532 470 219 161 202 275 571 Total liabilities 838,368 34,610 313,922 35,792 32,580 72,658 80,431 70,741 26,841 15,445 28,375 34,046 92,927 Capital Capital paid in 17,736 973 4,292 1,814 1,089 5,093 1,229 910 179 354 190 302 1,310 Surplus 15,438 396 3,827 1,811 1,087 4,098 1,278 860 167 276 176 214 1,248 Other capital 2,266 212 715 40 35 632 113 107 33 91 32 111 143 Total liabilities and capital 873,808 36,191 322,756 39,457 34,792 82,481 83,051 72,619 27,220 16,165 28,774 34,673 95,628 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 Oct 17, 2007 Federal Reserve notes outstanding 1,001,313 Less: Notes held by F.R. Banks not subject to collateralization 223,626 Federal Reserve Notes to be collateralized 777,686 Collateral held against Federal Reserve notes 777,686 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 764,449 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 815,841 Less:face value of securities under reverse repurchase agreements 35,133 U.S. Treasury and agency securities eligible to be pledged 780,708 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.