FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 14, 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 13, 2008 Feb 6, 2008 Feb 14, 2007 Feb 13, 2008 Federal Reserve Banks Reserve Bank Credit 858,335 - 3,367 + 11,199 867,773 Securities held outright 713,372 - 7 - 65,512 713,369 U.S. Treasury (1) 713,372 - 7 - 65,512 713,369 Bills (2) 200,360 0 - 76,659 200,360 Notes and bonds, nominal (2) 470,010 0 + 3,335 470,010 Notes and bonds, inflation-indexed (2) 38,437 0 + 6,661 38,437 Inflation compensation (3) 4,565 - 7 + 1,150 4,563 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 18,357 - 3,322 - 8,679 28,000 Term auction credit 60,000 0 + 60,000 60,000 Other loans 58 - 87 + 20 39 Primary credit 57 - 87 + 43 38 Secondary credit 0 0 0 0 Seasonal credit 1 0 - 23 1 Float -1,026 + 236 - 1,109 -1,432 Other Federal Reserve assets 67,575 - 187 + 26,480 67,796 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,765 + 14 + 486 38,765 Total factors supplying reserve funds 910,341 - 3,353 + 11,685 919,779 Currency in circulation(5) 813,859 + 2,270 + 9,255 816,056 Reverse repurchase agreements (6) 36,406 - 1,149 - 8 38,590 Foreign official and international accounts 36,406 - 1,149 - 8 38,590 Dealers 0 0 0 0 Treasury cash holdings 275 - 11 + 77 270 Deposits with F.R.Banks, other than reserve balances 12,538 - 285 + 308 12,192 U.S. Treasury, general account 5,316 - 232 + 302 4,979 Foreign official 97 - 4 + 6 96 Service-related 6,812 0 - 49 6,812 Required clearing balances 6,812 0 - 49 6,812 Adjustments to compensate for float 0 0 0 0 Other 313 - 49 + 49 305 Other liabilities and capital 41,528 - 965 + 4,322 41,358 Total factors, other than reserve balances, absorbing reserve funds 904,605 - 141 + 13,953 908,466 Reserve balances with Federal Reserve Banks 5,735 - 3,213 - 2,269 11,312 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 2,112,908 - 4,698 + 301,855 2,121,881 U.S. Treasury 1,266,680 - 452 + 82,951 1,270,783 Federal agency 846,229 - 4,244 + 218,905 851,098 Securities lent to dealers 9,750 - 2,232 + 8,783 10,971 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 13, 2008 Feb 6, 2008 Feb 14, 2007 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,380 - 8 + 351 Securities, repurchase agreements, term auction credit, and other loans 801,408 + 12,072 - 7,530 Securities held outright 713,369 - 7 - 65,520 U.S. Treasury (1) 713,369 - 7 - 65,520 Bills (2) 200,360 0 - 76,659 Notes and bonds, nominal (2) 470,010 0 + 3,335 Notes and bonds, inflation-indexed (2) 38,437 0 + 6,661 Inflation compensation (3) 4,563 - 7 + 1,144 Federal agency (2) 0 0 0 Repurchase agreements (4) 28,000 + 12,500 - 2,000 Term auction credit 60,000 0 + 60,000 Other loans 39 - 420 - 10 Items in process of collection (539) 1,376 - 441 - 4,998 Bank premises 2,132 0 + 173 Other assets (5) 65,564 + 190 + 26,096 Total assets (539) 885,097 + 11,812 + 14,092 Liabilities Federal Reserve notes, net of FR Bank holdings 778,937 + 1,829 + 8,982 Reverse repurchase agreements (6) 38,590 + 2,037 + 1,254 Deposits (0) 23,404 + 8,710 + 764 Depository institutions 18,024 + 8,568 + 835 U.S. Treasury, general account 4,979 + 138 - 123 Foreign official 96 - 2 + 6 Other (0) 305 + 5 + 46 Deferred availability cash items (539) 2,808 - 603 - 1,309 Other liabilities and accrued dividends (7) 3,975 - 146 - 1,664 Total liabilities (539) 847,714 + 11,827 + 8,027 Capital Accounts Capital paid in 18,486 + 9 + 3,135 Surplus 18,448 - 9 + 3,251 Other capital accounts 449 - 15 - 321 Total capital 37,383 - 15 + 6,064 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 13, 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 60,000 34 53,488 - 1,173 28,000 38,590 16 days to 90 days 0 5 105,884 + 1,500 0 0 91 days to 1 year ------ 0 146,619 - 329 ------ ------ Over 1 to 5 years ------ ------ 233,087 - 2 ------ ------ Over 5 to 10 years ------ ------ 84,406 - 2 ------ ------ Over 10 years ------ ------ 89,884 - 3 ------ ------ All 60,000 39 713,369 - 7 28,000 38,590 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 13, 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 1,380 45 66 105 131 162 176 155 57 54 86 149 193 Securities, repurchase agreements, term auction credit, and other loans 801,408 34,687 311,387 32,799 31,430 64,760 73,905 62,823 25,245 16,741 24,220 33,823 89,588 Securities held outright 713,369 32,876 258,309 31,560 29,193 61,808 66,163 59,835 22,800 14,233 23,092 31,343 82,156 U.S. Treasury (1) 713,369 32,876 258,309 31,560 29,193 61,808 66,163 59,835 22,800 14,233 23,092 31,343 82,156 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) 513,009 23,642 185,759 22,696 20,994 44,448 47,580 43,030 16,396 10,236 16,607 22,540 59,081 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 28,000 1,290 10,139 1,239 1,146 2,426 2,597 2,349 895 559 906 1,230 3,225 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 39 1 0 1 0 1 0 4 0 0 1 0 32 Items in process of collection 1,915 107 -39 256 268 34 95 169 39 136 173 216 461 Bank premises 2,132 120 214 65 152 184 229 204 114 112 274 256 208 Other assets(5) 65,564 3,463 19,132 5,380 4,036 14,326 5,267 3,488 1,051 1,266 1,070 1,697 5,386 Interdistrict settlement account 0 - 1,215 -19,937 + 1,225 + 237 + 2,420 + 1,841 +11,500 + 4,049 - 431 + 5,996 - 1,221 - 4,464 Total Assets 885,636 37,772 315,750 40,369 36,785 82,903 82,796 79,454 30,952 18,112 32,219 35,631 92,893 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 13, 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 998,560 39,227 347,555 42,275 39,660 80,402 110,069 86,223 32,937 19,195 33,215 56,674 111,128 Less: notes held by F.R. Banks 219,623 6,409 67,644 8,798 8,729 14,610 35,788 14,482 4,162 3,137 3,437 24,587 27,840 Federal Reserve notes, net 778,937 32,818 279,911 33,477 30,931 65,792 74,281 71,741 28,775 16,058 29,778 32,088 83,288 Reverse repurchase agreements (1) 38,590 1,778 13,973 1,707 1,579 3,343 3,579 3,237 1,233 770 1,249 1,695 4,444 Deposits 23,404 680 11,448 825 1,007 2,957 1,259 2,152 319 231 394 671 1,461 Depository institutions 18,024 651 6,226 821 1,002 2,861 1,256 2,151 306 230 392 670 1,458 U.S. Treasury, general account 4,979 0 4,979 0 0 0 0 0 0 0 0 0 0 Foreign official 96 2 66 4 3 11 3 2 0 1 0 1 3 Other 305 27 177 0 2 85 0 0 13 0 1 0 0 Deferred availability cash items 3,347 177 60 515 449 287 321 280 64 213 231 215 535 Other liabilities and accrued dividends (2) 3,975 202 919 208 218 539 422 369 180 123 160 214 421 Total liabilities 848,253 35,656 306,311 36,732 34,184 72,917 79,863 77,780 30,571 17,394 31,812 34,882 90,150 Capital Capital paid in 18,486 1,049 4,628 1,814 1,294 4,997 1,447 819 182 355 196 364 1,340 Surplus 18,448 1,049 4,624 1,813 1,291 4,988 1,425 815 180 355 194 364 1,350 Other capital 449 17 186 9 15 0 62 41 18 8 17 21 53 Total liabilities and capital 885,636 37,772 315,750 40,369 36,785 82,903 82,796 79,454 30,952 18,112 32,219 35,631 92,893 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 13, 2008 Federal Reserve notes outstanding 998,560 Less: Notes held by F.R. Banks not subject to collateralization 219,623 Federal Reserve notes to be collateralized 778,937 Collateral held against Federal Reserve notes 778,937 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 702,743 Other assets pledged 62,958 Memo: Total U.S. Treasury and agency securities (1) 741,369 Less:face value of securities under reverse repurchase agreements 38,627 U.S. Treasury and agency securities eligible to be pledged 702,743 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.