FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 28, 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 Jun 27, 2007 Jun 20, 2007 Jun 28, 2006 Jun 27, 2007 Federal Reserve Banks Reserve Bank Credit 847,621 - 4,677 + 22,663 850,765 Securities held outright 790,476 + 59 + 24,146 790,497 U.S. Treasury (1) 790,476 + 59 + 24,146 790,497 Bills (2) 277,019 0 + 1,649 277,019 Notes and bonds, nominal (2) 474,672 0 + 10,092 474,672 Notes and bonds, inflation-indexed (2) 34,459 0 + 11,813 34,459 Inflation compensation (3) 4,326 + 59 + 592 4,347 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 17,786 - 4,893 - 643 20,000 Loans to depository institutions 179 - 104 - 114 187 Primary credit 5 - 127 - 11 5 Secondary credit 0 0 0 0 Seasonal credit 174 + 23 - 103 182 Float -825 - 267 - 198 -152 Other Federal Reserve assets 40,006 + 529 - 527 40,233 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,526 + 14 + 538 38,526 Total factors supplying reserve funds 899,388 - 4,663 + 23,201 902,532 Currency in circulation(5) 809,754 - 507 + 16,877 812,339 Reverse repurchase agreements (6) 30,828 - 893 + 3,786 30,134 Foreign official and international accounts 30,828 - 893 + 3,786 30,134 Dealers 0 0 0 0 Treasury cash holdings 294 - 7 + 101 306 Deposits with F.R.Banks, other than reserve balances 11,655 - 718 - 757 10,748 U.S. Treasury, general account 4,923 - 552 - 1 4,039 Foreign official 99 + 3 + 12 97 Service-related 6,394 - 189 - 772 6,394 Required clearing balances 6,394 - 189 - 772 6,394 Adjustments to compensate for float 0 0 0 0 Other 238 + 18 + 3 218 Other liabilities and capital 39,655 + 314 + 4,577 39,276 Total factors, other than reserve balances, absorbing reserve funds 892,185 - 1,813 + 24,583 892,803 Reserve balances with Federal Reserve Banks 7,203 - 2,850 - 1,382 9,730 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,975,209 + 8,191 + 336,934 1,975,604 U.S. Treasury 1,231,611 + 661 + 111,025 1,234,509 Federal agency 743,597 + 7,528 + 225,908 741,095 Securities lent to dealers 3,329 - 1,389 + 989 2,566 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 Jun 27, 2007 Jun 20, 2007 Jun 28, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 938 + 6 + 218 Securities, repurchase agreements, and loans 810,684 - 1,688 + 21,535 Securities held outright 790,497 + 58 + 24,148 U.S. Treasury (1) 790,497 + 58 + 24,148 Bills (2) 277,019 0 + 1,649 Notes and bonds, nominal (2) 474,672 0 + 10,092 Notes and bonds, inflation-indexed (2) 34,459 0 + 11,813 Inflation compensation (3) 4,347 + 58 + 594 Federal agency (2) 0 0 0 Repurchase agreements (4) 20,000 - 1,000 - 2,500 Loans 187 - 746 - 113 Items in process of collection (843) 3,686 + 172 - 938 Bank premises 2,039 + 3 + 184 Other assets (5) 38,291 + 524 - 23 Total assets (843) 868,875 - 984 + 20,977 Liabilities Federal Reserve notes net of FR Bank holdings 775,052 + 1,416 + 16,731 Reverse repurchase agreements (6) 30,134 - 309 - 266 Deposits (0) 20,574 - 1,904 + 1,135 Depository institutions 16,221 + 83 + 1,982 U.S. Treasury, general account 4,039 - 1,983 - 840 Foreign official 97 + 1 + 7 Other (0) 218 - 4 - 13 Deferred availability cash items (843) 3,838 - 312 - 1,259 Other liabilities and accrued dividends (7) 6,131 + 89 + 952 Total liabilities (843) 835,730 - 1,018 + 17,294 Capital Accounts Capital paid in 16,111 + 5 + 1,143 Surplus 15,398 + 11 + 2,497 Other capital accounts 1,636 + 19 + 43 Total capital 33,145 + 35 + 3,683 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, June 27, 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 185 64,425 - 1,719 0 0 20,000 30,134 16 days to 90 days 2 170,256 + 1,435 0 0 0 0 91 days to 1 year 0 165,576 + 288 0 0 ------ ------ Over 1 to 5 years ------ 233,373 + 18 0 0 ------ ------ Over 5 to 10 years ------ 74,556 + 15 0 0 ------ ------ Over 10 years ------ 82,312 + 23 0 0 ------ ------ All 187 790,497 + 58 0 0 20,000 30,134 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 June 27, 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 938 26 49 63 95 90 122 112 45 37 75 95 128 Securities, repurchase agreements, and loans 810,684 37,356 293,479 35,857 33,168 70,223 75,176 68,030 25,946 16,223 26,261 35,619 93,347 Securities held outright 790,497 36,431 286,237 34,972 32,350 68,490 73,317 66,304 25,265 15,772 25,589 34,732 91,038 U.S. Treasury (1) 790,497 36,431 286,237 34,972 32,350 68,490 73,317 66,304 25,265 15,772 25,589 34,732 91,038 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) 513,478 23,664 185,929 22,716 21,013 44,489 47,624 43,069 16,411 10,245 16,622 22,560 59,135 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 20,000 922 7,242 885 818 1,733 1,855 1,678 639 399 647 879 2,303 Loans 187 3 1 0 0 0 4 48 42 51 25 8 5 Items in process of collection 4,530 156 88 552 720 251 540 308 190 283 345 274 822 Bank premises 2,039 118 216 57 156 173 231 208 94 115 213 261 198 Other assets(5) 38,291 1,291 11,961 3,185 2,189 7,067 3,271 2,509 770 723 773 1,024 3,528 Interdistrict settlement account 0 - 3,232 + 1,386 - 450 - 3,600 + 139 + 6,271 + 1,327 + 156 - 1,063 + 1,033 - 97 - 1,869 Total Assets 869,718 36,279 312,106 39,801 33,261 78,961 86,893 73,609 27,597 16,551 29,101 37,886 97,674 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 June 27, 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 978,521 37,685 346,815 40,270 36,816 80,016 107,963 80,671 29,218 17,272 30,381 57,743 113,670 Less: notes held by F.R. Banks 203,469 4,986 65,974 7,168 9,033 14,598 29,505 13,980 3,597 2,690 3,681 22,925 25,332 Federal Reserve notes, net 775,052 32,699 280,841 33,102 27,783 65,418 78,458 66,691 25,621 14,582 26,700 34,818 88,338 Reverse repurchase agreements (1) 30,134 1,389 10,911 1,333 1,233 2,611 2,795 2,528 963 601 975 1,324 3,470 Deposits 20,574 784 9,496 717 1,034 1,640 1,621 1,750 299 233 486 602 1,913 Depository institutions 16,221 776 5,223 711 1,030 1,590 1,618 1,747 297 232 484 601 1,910 U.S. Treasury, general account 4,039 0 4,039 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 218 6 167 1 1 39 0 0 1 0 1 0 0 Deferred availability cash items 4,682 301 116 682 680 320 534 310 129 317 339 273 682 Other liabilities and accrued dividends (2) 6,131 264 1,870 306 291 850 609 490 217 160 200 283 592 Total liabilities 836,574 35,436 303,235 36,141 31,022 70,838 84,017 71,768 27,228 15,893 28,700 37,300 94,995 Capital Capital paid in 16,111 404 4,292 1,809 1,101 3,959 1,401 890 172 321 189 278 1,294 Surplus 15,398 396 3,794 1,811 1,087 4,096 1,277 859 166 276 176 213 1,247 Other capital 1,636 43 786 40 51 69 197 92 30 60 36 94 138 Total liabilities and capital 869,718 36,279 312,106 39,801 33,261 78,961 86,893 73,609 27,597 16,551 29,101 37,886 97,674 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 Jun 27, 2007 Federal Reserve notes outstanding 978,521 Less: Notes held by F.R. Banks not subject to collateralization 203,469 Federal Reserve Notes to be collateralized 775,052 Collateral held against Federal Reserve notes 775,052 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 761,815 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 810,497 Less:face value of securities under reverse repurchase agreements 30,168 U.S. Treasury and agency securities eligible to be pledged 780,329 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.