FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 19, 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 18, 2007 Jul 11, 2007 Jul 19, 2006 Jul 18, 2007 Federal Reserve Banks Reserve Bank Credit 853,857 - 417 + 23,360 858,574 Securities held outright 790,640 + 53 + 24,852 790,660 U.S. Treasury (1) 790,640 + 53 + 24,852 790,660 Bills (2) 277,019 0 + 1,178 277,019 Notes and bonds, nominal (2) 474,672 0 + 12,458 474,672 Notes and bonds, inflation-indexed (2) 34,459 0 + 10,583 34,459 Inflation compensation (3) 4,491 + 54 + 634 4,510 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 22,536 - 357 - 1,750 27,250 Loans to depository institutions 360 + 122 + 32 252 Primary credit 145 + 102 + 129 17 Secondary credit 0 0 0 0 Seasonal credit 216 + 21 - 97 234 Float -724 - 721 - 98 -571 Other Federal Reserve assets 41,044 + 485 + 323 40,983 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,546 + 14 + 538 38,546 Total factors supplying reserve funds 905,644 - 403 + 23,898 910,360 Currency in circulation(5) 814,011 - 3,321 + 19,438 814,193 Reverse repurchase agreements (6) 31,566 - 158 + 2,127 32,507 Foreign official and international accounts 31,566 - 158 + 2,127 32,507 Dealers 0 0 0 0 Treasury cash holdings 350 + 37 + 188 320 Deposits with F.R.Banks, other than reserve balances 11,043 - 656 - 1,470 11,120 U.S. Treasury, general account 4,174 - 738 - 741 4,100 Foreign official 124 + 29 + 34 293 Service-related 6,432 - 1 - 784 6,432 Required clearing balances 6,432 - 1 - 784 6,432 Adjustments to compensate for float 0 0 0 0 Other 312 + 53 + 20 294 Other liabilities and capital 39,350 - 89 + 4,542 38,852 Total factors, other than reserve balances, absorbing reserve funds 896,321 - 4,186 + 24,826 896,992 Reserve balances with Federal Reserve Banks 9,323 + 3,784 - 928 13,369 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,996,019 + 7,036 + 362,485 2,003,549 U.S. Treasury 1,251,477 + 6,456 + 139,490 1,258,875 Federal agency 744,543 + 581 + 222,997 744,674 Securities lent to dealers 4,678 + 1,465 + 3,057 6,039 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 18, 2007 Jul 11, 2007 Jul 19, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 981 + 54 + 245 Securities, repurchase agreements, and loans 818,162 + 6,848 + 24,087 Securities held outright 790,660 + 54 + 25,929 U.S. Treasury (1) 790,660 + 54 + 25,929 Bills (2) 277,019 0 0 Notes and bonds, nominal (2) 474,672 0 + 15,611 Notes and bonds, inflation-indexed (2) 34,459 0 + 9,676 Inflation compensation (3) 4,510 + 53 + 641 Federal agency (2) 0 0 0 Repurchase agreements (4) 27,250 + 6,750 - 1,750 Loans 252 + 44 - 91 Items in process of collection (1,051) 3,229 - 3,474 - 1,699 Bank premises 2,046 0 + 186 Other assets (5) 39,051 + 80 + 441 Total assets (1,051) 876,707 + 3,509 + 23,262 Liabilities Federal Reserve notes net of FR Bank holdings 776,944 - 2,947 + 19,503 Reverse repurchase agreements (6) 32,507 + 1,211 + 2,920 Deposits (0) 24,603 + 8,593 - 2,192 Depository institutions 19,916 + 9,193 - 1,225 U.S. Treasury, general account 4,100 - 814 - 1,172 Foreign official 293 + 198 + 205 Other (0) 294 + 17 0 Deferred availability cash items (1,051) 3,800 - 3,313 - 1,454 Other liabilities and accrued dividends (7) 5,678 - 19 + 862 Total liabilities (1,051) 843,532 + 3,525 + 19,639 Capital Accounts Capital paid in 16,169 + 4 + 1,183 Surplus 15,399 0 + 2,498 Other capital accounts 1,607 - 20 - 58 Total capital 33,174 - 17 + 3,622 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 18, 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 246 60,013 + 6,458 0 0 27,250 32,507 16 days to 90 days 6 172,313 - 7,408 0 0 0 0 91 days to 1 year 0 168,890 + 3,464 0 0 ------ ------ Over 1 to 5 years ------ 237,738 + 2,769 0 0 ------ ------ Over 5 to 10 years ------ 69,332 - 5,251 0 0 ------ ------ Over 10 years ------ 82,374 + 20 0 0 ------ ------ All 252 790,660 + 54 0 0 27,250 32,507 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 18, 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 981 30 49 63 95 95 133 122 52 38 76 102 127 Securities, repurchase agreements, and loans 818,162 37,694 296,163 36,185 33,472 70,865 75,864 68,660 26,206 16,396 26,500 35,949 94,208 Securities held outright 790,660 36,438 286,296 34,979 32,356 68,504 73,332 66,318 25,270 15,775 25,594 34,739 91,057 U.S. Treasury (1) 790,660 36,438 286,296 34,979 32,356 68,504 73,332 66,318 25,270 15,775 25,594 34,739 91,057 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) 513,641 23,672 185,988 22,724 21,020 44,503 47,639 43,083 16,416 10,248 16,627 22,568 59,154 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 27,250 1,256 9,867 1,206 1,115 2,361 2,527 2,286 871 544 882 1,197 3,138 Loans 252 0 0 0 0 0 5 56 65 77 23 13 13 Items in process of collection 4,280 248 -4 360 840 313 584 332 111 205 317 232 743 Bank premises 2,046 117 215 56 156 173 231 207 94 114 225 260 198 Other assets(5) 39,051 1,319 12,179 3,256 2,238 7,234 3,318 2,558 786 737 789 1,041 3,598 Interdistrict settlement account 0 - 3,856 + 3,591 - 140 - 3,375 + 943 + 5,607 + 382 + 25 - 649 + 840 - 1,735 - 1,632 Total Assets 877,757 36,116 317,121 40,317 33,956 80,639 87,020 73,375 27,672 17,074 29,147 36,560 98,761 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 18, 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 984,343 37,670 350,175 40,962 37,240 80,369 108,560 80,721 29,396 17,236 30,405 57,443 114,166 Less: notes held by F.R. Banks 207,399 5,212 66,383 7,466 8,772 15,115 29,987 14,129 3,835 2,775 3,733 24,294 25,698 Federal Reserve notes, net 776,944 32,458 283,792 33,496 28,468 65,254 78,573 66,592 25,561 14,460 26,672 33,149 88,468 Reverse repurchase agreements (1) 32,507 1,498 11,771 1,438 1,330 2,816 3,015 2,727 1,039 649 1,052 1,428 3,744 Deposits 24,603 842 10,828 844 1,034 2,896 1,759 1,364 354 845 451 836 2,550 Depository institutions 19,916 839 6,290 839 1,030 2,772 1,756 1,361 352 845 450 836 2,547 U.S. Treasury, general account 4,100 0 4,100 0 0 0 0 0 0 0 0 0 0 Foreign official 293 1 263 5 3 11 3 2 0 1 0 1 3 Other 294 1 175 0 1 113 0 1 1 0 1 0 0 Deferred availability cash items 4,851 247 105 621 621 460 552 380 134 310 376 284 763 Other liabilities and accrued dividends (2) 5,678 252 1,758 259 261 752 532 468 214 152 197 274 558 Total liabilities 844,583 35,297 308,253 36,658 31,713 72,178 84,431 71,531 27,302 16,416 28,749 35,971 96,083 Capital Capital paid in 16,169 388 4,292 1,809 1,101 4,195 1,238 890 173 322 188 279 1,294 Surplus 15,399 396 3,794 1,811 1,087 4,096 1,277 859 166 276 176 213 1,248 Other capital 1,607 35 782 39 55 168 74 95 30 60 35 96 136 Total liabilities and capital 877,757 36,116 317,121 40,317 33,956 80,639 87,020 73,375 27,672 17,074 29,147 36,560 98,761 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 18, 2007 Federal Reserve notes outstanding 984,343 Less: Notes held by F.R. Banks not subject to collateralization 207,399 Federal Reserve Notes to be collateralized 776,944 Collateral held against Federal Reserve notes 776,944 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 763,708 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 817,910 Less:face value of securities under reverse repurchase agreements 32,553 U.S. Treasury and agency securities eligible to be pledged 785,357 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.