FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 23, 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 21, 2007 Nov 14, 2007 Nov 22, 2006 Nov 21, 2007 Federal Reserve Banks Reserve Bank Credit 868,136 + 2,363 + 29,261 876,859 Securities held outright 779,657 + 26 + 9,099 779,670 U.S. Treasury (1) 779,657 + 26 + 9,099 779,670 Bills (2) 267,019 0 - 10,000 267,019 Notes and bonds, nominal (2) 470,984 0 + 11,720 470,984 Notes and bonds, inflation-indexed (2) 36,911 0 + 6,806 36,911 Inflation compensation (3) 4,743 + 25 + 572 4,756 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 48,286 + 5,036 + 16,322 55,000 Loans to depository institutions 481 - 86 + 282 58 Primary credit 434 - 89 + 334 11 Secondary credit 0 0 0 2 Seasonal credit 46 + 2 - 53 45 Float -624 + 293 - 243 1,277 Other Federal Reserve assets 40,337 - 2,905 + 3,803 40,853 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,737 + 14 + 578 38,737 Total factors supplying reserve funds 920,114 + 2,377 + 29,839 928,837 Currency in circulation(5) 820,760 - 318 + 17,750 823,673 Reverse repurchase agreements (6) 35,092 - 84 + 3,899 35,383 Foreign official and international accounts 35,092 - 84 + 3,899 35,383 Dealers 0 0 0 0 Treasury cash holdings 275 - 3 + 100 268 Deposits with F.R.Banks, other than reserve balances 11,768 - 186 - 78 12,109 U.S. Treasury, general account 4,959 - 184 + 296 5,324 Foreign official 98 - 4 + 7 96 Service-related 6,383 - 14 - 422 6,383 Required clearing balances 6,381 - 1 - 424 6,381 Adjustments to compensate for float 2 - 13 + 2 2 Other 328 + 16 + 40 306 Other liabilities and capital 42,895 - 37 + 7,730 42,930 Total factors, other than reserve balances, absorbing reserve funds 910,790 - 628 + 29,401 914,363 Reserve balances with Federal Reserve Banks 9,324 + 3,005 + 438 14,474 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 2,025,772 - 2,963 + 316,166 2,027,434 U.S. Treasury 1,223,270 - 11,208 + 71,917 1,223,046 Federal agency 802,502 + 8,244 + 244,250 804,388 Securities lent to dealers 8,994 + 898 + 8,306 9,060 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 21, 2007 Nov 14, 2007 Nov 22, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,178 - 25 + 373 Securities, repurchase agreements, and loans 834,728 + 5,528 + 19,716 Securities held outright 779,670 + 31 + 7,797 U.S. Treasury (1) 779,670 + 31 + 7,797 Bills (2) 267,019 0 - 10,000 Notes and bonds, nominal (2) 470,984 0 + 10,386 Notes and bonds, inflation-indexed (2) 36,911 0 + 6,806 Inflation compensation (3) 4,756 + 30 + 604 Federal agency (2) 0 0 0 Repurchase agreements (4) 55,000 + 5,500 + 12,000 Loans 58 - 2 - 81 Items in process of collection (568) 4,365 - 1,520 + 1,289 Bank premises 2,114 + 3 + 204 Other assets (5) 38,848 - 2,538 + 3,795 Total assets (568) 894,471 + 1,451 + 25,378 Liabilities Federal Reserve notes net of FR Bank holdings 786,377 + 1,962 + 15,744 Reverse repurchase agreements (6) 35,383 + 680 + 6,048 Deposits (0) 26,693 + 305 - 2,535 Depository institutions 20,967 + 500 - 3,760 U.S. Treasury, general account 5,324 - 216 + 1,196 Foreign official 96 - 1 + 4 Other (0) 306 + 22 + 26 Deferred availability cash items (568) 3,088 - 2,040 - 1,413 Other liabilities and accrued dividends (7) 5,896 - 44 - 36 Total liabilities (568) 857,437 + 863 + 17,809 Capital Accounts Capital paid in 18,089 + 11 + 2,794 Surplus 15,457 + 1 + 4,903 Other capital accounts 3,488 + 575 - 128 Total capital 37,033 + 587 + 7,568 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 21, 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 58 56,879 - 1,529 0 0 55,000 35,383 16 days to 90 days 0 160,025 + 2,397 0 0 0 0 91 days to 1 year 0 160,545 - 334 0 0 ------ ------ Over 1 to 5 years ------ 231,526 - 9,527 0 0 ------ ------ Over 5 to 10 years ------ 81,927 + 6,443 0 0 ------ ------ Over 10 years ------ 88,767 + 2,579 0 0 ------ ------ All 58 779,670 + 31 0 0 55,000 35,383 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 21, 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 1,178 36 63 85 113 133 158 131 49 42 76 126 165 Securities, repurchase agreements, and loans 834,728 38,466 302,232 36,933 34,157 72,318 77,414 70,017 26,679 16,665 27,034 36,677 96,138 Securities held outright 779,670 35,932 282,316 34,493 31,907 67,552 72,313 65,396 24,919 15,556 25,239 34,256 89,792 U.S. Treasury (1) 779,670 35,932 282,316 34,493 31,907 67,552 72,313 65,396 24,919 15,556 25,239 34,256 89,792 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) 512,651 23,626 185,630 22,680 20,979 44,417 47,547 43,000 16,385 10,229 16,595 22,524 59,040 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 55,000 2,535 19,915 2,433 2,251 4,765 5,101 4,613 1,758 1,097 1,780 2,417 6,334 Loans 58 0 0 7 0 0 0 8 2 11 15 4 12 Items in process of collection 4,934 99 69 293 2,365 253 234 144 78 262 226 173 737 Bank premises 2,114 119 216 62 154 179 230 206 107 113 259 258 212 Other assets(5) 38,848 1,259 11,836 3,512 2,275 7,579 3,279 2,474 718 721 741 961 3,493 Interdistrict settlement account 0 - 3,059 + 6,929 - 1,691 - 2,709 + 5,228 - 1,898 - 140 + 2,819 - 197 + 3,279 - 2,984 - 5,576 Total Assets 895,039 37,485 326,270 39,732 36,887 86,705 80,700 73,948 30,848 17,838 32,016 35,922 96,689 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 21, 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 1,004,450 38,373 360,718 41,003 38,227 81,120 109,310 81,231 32,575 18,277 33,085 57,516 113,014 Less: notes held by F.R. Banks 218,073 5,793 70,451 7,698 7,225 14,016 37,261 14,210 3,857 2,883 3,540 25,076 26,061 Federal Reserve notes, net 786,377 32,580 290,267 33,305 31,002 67,104 72,049 67,020 28,718 15,394 29,544 32,440 86,953 Reverse repurchase agreements (1) 35,383 1,631 12,812 1,565 1,448 3,066 3,282 2,968 1,131 706 1,145 1,555 4,075 Deposits 26,693 1,036 12,279 369 1,404 4,930 1,556 1,350 297 589 426 725 1,732 Depository institutions 20,967 1,021 6,702 361 1,400 4,832 1,552 1,346 286 588 425 725 1,729 U.S. Treasury, general account 5,324 0 5,324 0 0 0 0 0 0 0 0 0 0 Foreign official 96 1 66 5 3 11 3 2 0 1 0 1 3 Other 306 14 188 3 1 87 1 1 11 0 1 0 0 Deferred availability cash items 3,656 198 96 504 416 342 356 299 98 264 292 169 622 Other liabilities and accrued dividends (2) 5,896 264 1,727 282 274 953 526 469 215 156 200 274 556 Total liabilities 858,006 35,709 317,181 36,025 34,544 76,394 77,769 72,107 30,459 17,108 31,608 35,163 93,938 Capital Capital paid in 18,089 985 4,354 1,813 1,154 5,093 1,410 880 180 354 190 361 1,314 Surplus 15,457 396 3,842 1,811 1,088 4,099 1,278 861 167 276 176 214 1,248 Other capital 3,488 395 894 82 101 1,119 242 99 42 100 42 184 188 Total liabilities and capital 895,039 37,485 326,270 39,732 36,887 86,705 80,700 73,948 30,848 17,838 32,016 35,922 96,689 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 21, 2007 Federal Reserve notes outstanding 1,004,450 Less: Notes held by F.R. Banks not subject to collateralization 218,073 Federal Reserve Notes to be collateralized 786,377 Collateral held against Federal Reserve notes 786,377 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 773,140 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 834,670 Less:face value of securities under reverse repurchase agreements 35,423 U.S. Treasury and agency securities eligible to be pledged 799,247 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.