FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 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 Aug 22, 2007 Aug 15, 2007 Aug 23, 2006 Aug 22, 2007 Federal Reserve Banks Reserve Bank Credit 851,696 - 16,068 + 26,626 849,225 Securities held outright 789,613 - 1,042 + 24,763 789,619 U.S. Treasury (1) 789,613 - 1,042 + 24,763 789,619 Bills (2) 277,019 0 0 277,019 Notes and bonds, nominal (2) 472,142 - 1,060 + 14,316 472,142 Notes and bonds, inflation-indexed (2) 35,753 0 + 9,734 35,753 Inflation compensation (3) 4,699 + 18 + 712 4,706 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 22,607 - 13,679 + 1,071 19,000 Loans to depository institutions 1,541 + 1,270 + 1,193 2,262 Primary credit 1,200 + 1,189 + 1,193 2,001 Secondary credit 85 + 85 + 85 0 Seasonal credit 256 - 4 - 85 261 Float -755 + 288 - 485 -533 Other Federal Reserve assets 38,690 - 2,906 + 84 38,877 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,619 + 14 + 594 38,619 Total factors supplying reserve funds 903,556 - 16,055 + 27,220 901,085 Currency in circulation(5) 811,084 - 1,319 + 17,820 811,841 Reverse repurchase agreements (6) 31,351 - 6 + 3,848 29,956 Foreign official and international accounts 31,351 - 6 + 3,848 29,956 Dealers 0 0 0 0 Treasury cash holdings 280 + 21 + 121 306 Deposits with F.R.Banks, other than reserve balances 12,234 + 570 - 473 12,545 U.S. Treasury, general account 4,842 + 107 - 155 5,329 Foreign official 99 + 4 + 10 95 Service-related 6,858 + 296 - 122 6,858 Required clearing balances 6,855 + 293 - 125 6,855 Adjustments to compensate for float 3 + 3 + 3 3 Other 434 + 161 - 206 263 Other liabilities and capital 40,443 + 406 + 4,846 40,299 Total factors, other than reserve balances, absorbing reserve funds 895,392 - 328 + 26,162 894,948 Reserve balances with Federal Reserve Banks 8,164 - 15,727 + 1,058 6,138 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,986,411 - 18,410 + 316,038 1,979,224 U.S. Treasury 1,218,830 - 25,132 + 79,743 1,209,858 Federal agency 767,582 + 6,723 + 236,296 769,366 Securities lent to dealers 5,081 + 380 + 3,853 7,948 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 Aug 22, 2007 Aug 15, 2007 Aug 23, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,017 - 21 + 241 Securities, repurchase agreements, and loans 810,881 - 2,985 + 25,909 Securities held outright 789,619 + 18 + 24,764 U.S. Treasury (1) 789,619 + 18 + 24,764 Bills (2) 277,019 0 0 Notes and bonds, nominal (2) 472,142 0 + 14,316 Notes and bonds, inflation-indexed (2) 35,753 0 + 9,734 Inflation compensation (3) 4,706 + 18 + 714 Federal agency (2) 0 0 0 Repurchase agreements (4) 19,000 - 5,000 - 750 Loans 2,262 + 1,998 + 1,895 Items in process of collection (734) 2,655 + 147 - 1,605 Bank premises 2,068 + 1 + 191 Other assets (5) 36,895 + 705 + 181 Total assets (734) 866,753 - 2,151 + 24,916 Liabilities Federal Reserve notes net of FR Bank holdings 774,540 - 1,249 + 17,771 Reverse repurchase agreements (6) 29,956 - 1,985 + 3,403 Deposits (0) 18,769 + 713 + 44 Depository institutions 13,082 + 517 - 291 U.S. Treasury, general account 5,329 + 220 + 386 Foreign official 95 - 1 + 5 Other (0) 263 - 23 - 55 Deferred availability cash items (734) 3,188 - 250 - 1,392 Other liabilities and accrued dividends (7) 6,030 + 63 + 778 Total liabilities (734) 832,483 - 2,707 + 20,605 Capital Accounts Capital paid in 16,841 + 62 + 1,794 Surplus 15,412 0 + 2,511 Other capital accounts 2,016 + 493 + 5 Total capital 34,270 + 556 + 4,311 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, August 22, 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 1,653 58,660 + 7,382 0 0 19,000 29,956 16 days to 90 days 609 161,606 + 682 0 0 0 0 91 days to 1 year 0 173,254 - 1,096 0 0 ------ ------ Over 1 to 5 years ------ 234,421 - 6,961 0 0 ------ ------ Over 5 to 10 years ------ 75,486 + 9,426 0 0 ------ ------ Over 10 years ------ 86,192 - 9,416 0 0 ------ ------ All 2,262 789,619 + 18 0 0 19,000 29,956 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 August 22, 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 1,017 26 56 67 99 105 138 121 48 37 76 110 134 Securities, repurchase agreements, and loans 810,881 37,266 293,799 35,782 33,091 71,060 75,005 67,872 25,907 16,211 26,212 35,539 93,136 Securities held outright 789,619 36,390 285,919 34,933 32,314 68,414 73,235 66,231 25,237 15,755 25,561 34,693 90,937 U.S. Treasury (1) 789,619 36,390 285,919 34,933 32,314 68,414 73,235 66,231 25,237 15,755 25,561 34,693 90,937 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) 512,600 23,624 185,611 22,678 20,977 44,413 47,543 42,995 16,383 10,228 16,593 22,522 59,034 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 19,000 876 6,880 841 778 1,646 1,762 1,594 607 379 615 835 2,188 Loans 2,262 0 1,000 8 0 1,000 8 48 62 78 36 11 11 Items in process of collection 3,389 152 -24 283 357 333 285 259 62 169 267 200 1,046 Bank premises 2,068 119 215 57 155 175 230 206 100 114 234 260 203 Other assets(5) 36,895 1,210 11,336 3,277 2,141 7,079 3,116 2,366 703 688 712 936 3,333 Interdistrict settlement account 0 - 4,215 + 5,955 - 345 - 2,290 + 1,168 + 5,857 - 34 - 34 - 1,418 + 1,023 - 2,179 - 3,487 Total Assets 867,486 35,121 316,264 39,658 34,085 80,936 85,916 71,906 27,182 16,035 28,924 35,576 95,884 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 August 22, 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 993,418 37,358 355,347 41,219 38,208 81,310 110,728 80,322 29,372 17,322 30,328 57,847 114,056 Less: notes held by F.R. Banks 218,878 5,565 69,933 7,817 9,153 15,427 32,343 14,898 4,142 3,238 3,819 25,421 27,121 Federal Reserve notes, net 774,540 31,793 285,413 33,402 29,055 65,884 78,385 65,423 25,231 14,084 26,508 32,426 86,935 Reverse repurchase agreements (1) 29,956 1,381 10,847 1,325 1,226 2,595 2,778 2,513 957 598 970 1,316 3,450 Deposits 18,769 618 8,942 511 620 2,226 1,237 1,254 305 238 531 700 1,587 Depository institutions 13,082 611 3,374 506 616 2,137 1,234 1,252 303 237 530 699 1,583 U.S. Treasury, general account 5,329 0 5,329 0 0 0 0 0 0 0 0 0 0 Foreign official 95 1 64 5 3 11 3 2 0 1 0 1 3 Other 263 6 175 0 1 78 0 0 1 0 1 0 0 Deferred availability cash items 3,922 240 78 468 628 269 370 362 88 267 303 240 610 Other liabilities and accrued dividends (2) 6,030 265 1,856 278 276 835 556 491 225 159 208 287 593 Total liabilities 833,217 34,296 307,136 35,985 31,806 71,809 83,327 70,043 26,806 15,345 28,521 34,969 93,175 Capital Capital paid in 16,841 388 4,406 1,808 1,134 4,672 1,229 897 176 350 188 287 1,306 Surplus 15,412 396 3,805 1,811 1,087 4,097 1,277 860 167 276 176 214 1,248 Other capital 2,016 41 917 55 59 358 82 106 33 63 39 107 156 Total liabilities and capital 867,486 35,121 316,264 39,658 34,085 80,936 85,916 71,906 27,182 16,035 28,924 35,576 95,884 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 Aug 22, 2007 Federal Reserve notes outstanding 993,418 Less: Notes held by F.R. Banks not subject to collateralization 218,878 Federal Reserve Notes to be collateralized 774,540 Collateral held against Federal Reserve notes 774,540 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 761,303 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 808,619 Less:face value of securities under reverse repurchase agreements 29,982 U.S. Treasury and agency securities eligible to be pledged 778,637 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.