FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 16, 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 15, 2007 Aug 8, 2007 Aug 16, 2006 Aug 15, 2007 Federal Reserve Banks Reserve Bank Credit 867,778 + 17,223 + 38,904 851,086 Securities held outright 790,655 - 159 + 25,818 789,601 U.S. Treasury (1) 790,655 - 159 + 25,818 789,601 Bills (2) 277,019 0 0 277,019 Notes and bonds, nominal (2) 473,202 - 176 + 15,376 472,142 Notes and bonds, inflation-indexed (2) 35,753 0 + 9,734 35,753 Inflation compensation (3) 4,681 + 17 + 707 4,688 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 36,286 + 17,715 + 12,857 24,000 Loans to depository institutions 271 + 20 - 76 264 Primary credit 11 + 10 + 3 4 Secondary credit 0 0 0 0 Seasonal credit 260 + 11 - 79 260 Float -1,034 - 146 - 677 -930 Other Federal Reserve assets 41,601 - 206 + 982 38,151 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,605 + 14 + 580 38,605 Total factors supplying reserve funds 919,625 + 17,237 + 39,485 902,933 Currency in circulation(5) 812,403 - 648 + 17,985 813,085 Reverse repurchase agreements (6) 31,357 - 290 + 2,464 31,941 Foreign official and international accounts 31,357 - 290 + 2,464 31,941 Dealers 0 0 0 0 Treasury cash holdings 259 + 14 + 99 276 Deposits with F.R.Banks, other than reserve balances 11,664 - 296 - 657 12,053 U.S. Treasury, general account 4,735 - 263 - 12 5,109 Foreign official 95 + 1 + 6 96 Service-related 6,562 0 - 639 6,562 Required clearing balances 6,562 0 - 639 6,562 Adjustments to compensate for float 0 0 0 0 Other 273 - 33 - 12 286 Other liabilities and capital 40,037 0 + 4,656 39,681 Total factors, other than reserve balances, absorbing reserve funds 895,720 - 1,221 + 24,548 897,036 Reserve balances with Federal Reserve Banks 23,905 + 18,458 + 14,937 5,897 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 2,004,821 - 1,605 + 337,613 1,989,780 U.S. Treasury 1,243,962 - 3,857 + 106,098 1,224,038 Federal agency 760,859 + 2,252 + 231,515 765,742 Securities lent to dealers 4,701 + 1,214 + 2,223 11,118 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 15, 2007 Aug 8, 2007 Aug 16, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,038 - 24 + 269 Securities, repurchase agreements, and loans 813,866 + 4,041 + 23,413 Securities held outright 789,601 - 1,219 + 24,759 U.S. Treasury (1) 789,601 - 1,219 + 24,759 Bills (2) 277,019 0 0 Notes and bonds, nominal (2) 472,142 - 1,236 + 14,316 Notes and bonds, inflation-indexed (2) 35,753 0 + 9,734 Inflation compensation (3) 4,688 + 18 + 709 Federal agency (2) 0 0 0 Repurchase agreements (4) 24,000 + 5,250 - 1,250 Loans 264 + 9 - 97 Items in process of collection (790) 2,508 - 619 - 1,505 Bank premises 2,067 + 4 + 197 Other assets (5) 36,190 - 3,804 - 181 Total assets (790) 868,904 - 405 + 22,191 Liabilities Federal Reserve notes net of FR Bank holdings 775,789 - 1,561 + 17,462 Reverse repurchase agreements (6) 31,941 + 1,809 + 4,432 Deposits (0) 18,056 - 438 - 2,866 Depository institutions 12,565 - 891 - 3,548 U.S. Treasury, general account 5,109 + 439 + 666 Foreign official 96 + 2 + 8 Other (0) 286 + 12 + 9 Deferred availability cash items (790) 3,438 - 312 - 1,367 Other liabilities and accrued dividends (7) 5,967 + 62 + 787 Total liabilities (790) 835,190 - 441 + 18,447 Capital Accounts Capital paid in 16,779 + 119 + 1,749 Surplus 15,412 0 + 2,511 Other capital accounts 1,523 - 84 - 516 Total capital 33,714 + 36 + 3,744 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 15, 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 49 51,278 - 13,493 0 0 24,000 31,941 16 days to 90 days 215 160,924 - 1,510 0 0 0 0 91 days to 1 year 0 174,350 + 1,923 0 0 ------ ------ Over 1 to 5 years ------ 241,382 + 3,303 0 0 ------ ------ Over 5 to 10 years ------ 66,060 - 3,293 0 0 ------ ------ Over 10 years ------ 95,608 + 11,853 0 0 ------ ------ All 264 789,601 - 1,219 0 0 24,000 31,941 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 15, 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 1,038 28 54 67 102 105 143 122 51 39 77 110 139 Securities, repurchase agreements, and loans 813,866 37,495 294,603 36,001 33,295 70,492 75,465 68,289 26,072 16,319 26,364 35,761 93,709 Securities held outright 789,601 36,389 285,912 34,932 32,313 68,413 73,234 66,229 25,236 15,754 25,560 34,692 90,935 U.S. Treasury (1) 789,601 36,389 285,912 34,932 32,313 68,413 73,234 66,229 25,236 15,754 25,560 34,692 90,935 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) 512,583 23,623 185,605 22,677 20,977 44,411 47,541 42,994 16,383 10,227 16,593 22,521 59,032 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 24,000 1,106 8,690 1,062 982 2,079 2,226 2,013 767 479 777 1,054 2,764 Loans 264 0 0 7 0 0 5 47 69 86 27 14 9 Items in process of collection 3,297 133 45 256 297 160 506 245 172 141 300 300 743 Bank premises 2,067 118 215 57 155 174 230 206 100 114 234 260 203 Other assets(5) 36,190 1,188 11,142 3,129 2,118 6,986 3,043 2,320 708 681 696 915 3,265 Interdistrict settlement account 0 - 4,263 + 5,853 - 104 - 2,595 + 2,642 + 5,255 - 104 - 2 - 1,301 + 901 - 2,931 - 3,351 Total Assets 869,694 35,263 316,840 39,943 33,905 81,575 85,925 72,193 27,498 16,225 28,973 35,126 96,227 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 15, 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 991,992 37,571 354,537 41,322 38,096 81,111 110,099 80,613 29,420 17,392 30,437 57,379 114,015 Less: notes held by F.R. Banks 216,204 5,569 68,790 7,677 9,122 15,479 31,854 14,729 3,908 3,137 3,787 25,450 26,701 Federal Reserve notes, net 775,789 32,002 285,747 33,644 28,974 65,633 78,244 65,884 25,513 14,255 26,650 31,929 87,314 Reverse repurchase agreements (1) 31,941 1,472 11,566 1,413 1,307 2,767 2,962 2,679 1,021 637 1,034 1,403 3,679 Deposits 18,056 473 8,672 457 509 2,988 1,194 986 259 248 405 588 1,276 Depository institutions 12,565 460 3,317 452 505 2,892 1,190 983 255 247 404 587 1,273 U.S. Treasury, general account 5,109 0 5,109 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 286 12 180 0 1 86 0 0 4 0 1 0 0 Deferred availability cash items 4,228 241 87 520 614 345 426 314 109 275 277 323 697 Other liabilities and accrued dividends (2) 5,967 263 1,845 274 272 822 539 487 223 156 208 286 591 Total liabilities 835,980 34,452 307,917 36,308 31,676 72,555 83,366 70,349 27,126 15,571 28,574 34,530 93,557 Capital Capital paid in 16,779 388 4,405 1,808 1,101 4,672 1,230 897 176 322 188 286 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 1,523 28 712 17 41 251 53 88 30 56 35 96 117 Total liabilities and capital 869,694 35,263 316,840 39,943 33,905 81,575 85,925 72,193 27,498 16,225 28,973 35,126 96,227 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 15, 2007 Federal Reserve notes outstanding 991,992 Less: Notes held by F.R. Banks not subject to collateralization 216,204 Federal Reserve Notes to be collateralized 775,789 Collateral held against Federal Reserve notes 775,789 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 762,552 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 813,601 Less:face value of securities under reverse repurchase agreements 31,983 U.S. Treasury and agency securities eligible to be pledged 781,618 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.