FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 8, 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 Nov 7, 2007 Oct 31, 2007 Nov 8, 2006 Nov 7, 2007 Federal Reserve Banks Reserve Bank Credit 864,361 + 1,666 + 29,150 871,373 Securities held outright 779,603 + 35 + 9,632 779,613 U.S. Treasury (1) 779,603 + 35 + 9,632 779,613 Bills (2) 267,019 0 - 10,000 267,019 Notes and bonds, nominal (2) 470,984 - 993 + 11,919 470,984 Notes and bonds, inflation-indexed (2) 36,911 + 993 + 7,230 36,911 Inflation compensation (3) 4,689 + 35 + 483 4,699 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 42,821 + 1,571 + 19,285 48,000 Loans to depository institutions 245 - 38 + 76 1,344 Primary credit 191 + 1 + 146 1,300 Secondary credit 0 0 0 0 Seasonal credit 54 - 39 - 70 44 Float -664 + 65 - 1,294 -373 Other Federal Reserve assets 42,356 + 33 + 1,451 42,790 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,709 + 14 + 568 38,709 Total factors supplying reserve funds 916,311 + 1,680 + 29,718 923,323 Currency in circulation(5) 815,786 + 2,704 + 18,447 819,409 Reverse repurchase agreements (6) 37,290 - 841 + 5,125 36,358 Foreign official and international accounts 37,290 - 841 + 5,125 36,358 Dealers 0 0 0 0 Treasury cash holdings 298 - 10 + 108 278 Deposits with F.R.Banks, other than reserve balances 12,088 + 83 - 249 11,855 U.S. Treasury, general account 5,119 + 169 + 85 4,902 Foreign official 98 - 71 - 2 98 Service-related 6,584 - 1 - 348 6,584 Required clearing balances 6,584 - 1 - 348 6,584 Adjustments to compensate for float 0 0 0 0 Other 287 - 14 + 15 272 Other liabilities and capital 42,309 + 128 + 5,672 42,215 Total factors, other than reserve balances, absorbing reserve funds 907,772 + 2,064 + 29,104 910,115 Reserve balances with Federal Reserve Banks 8,539 - 384 + 614 13,208 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 2,032,571 + 311 + 336,507 2,029,132 U.S. Treasury 1,237,175 + 5,697 + 92,541 1,236,921 Federal agency 795,396 - 5,386 + 243,966 792,210 Securities lent to dealers 7,249 - 849 + 5,599 8,211 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 Nov 7, 2007 Oct 31, 2007 Nov 8, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,230 - 21 + 383 Securities, repurchase agreements, and loans 828,957 + 779 + 26,714 Securities held outright 779,613 + 27 + 9,188 U.S. Treasury (1) 779,613 + 27 + 9,188 Bills (2) 267,019 0 - 10,000 Notes and bonds, nominal (2) 470,984 0 + 11,919 Notes and bonds, inflation-indexed (2) 36,911 0 + 6,806 Inflation compensation (3) 4,699 + 27 + 463 Federal agency (2) 0 0 0 Repurchase agreements (4) 48,000 - 500 + 16,500 Loans 1,344 + 1,252 + 1,026 Items in process of collection (831) 2,931 + 721 - 2,233 Bank premises 2,110 - 8 + 206 Other assets (5) 40,765 + 829 + 1,521 Total assets (831) 889,229 + 2,300 + 26,590 Liabilities Federal Reserve notes net of FR Bank holdings 782,204 + 4,049 + 19,021 Reverse repurchase agreements (6) 36,358 - 1,697 + 4,871 Deposits (-3) 25,068 - 847 - 2,238 Depository institutions 19,797 - 923 - 2,455 U.S. Treasury, general account 4,902 + 595 + 278 Foreign official 98 - 503 - 57 Other (-3) 272 - 15 - 3 Deferred availability cash items (835) 3,385 + 430 - 1,065 Other liabilities and accrued dividends (7) 5,963 + 239 + 353 Total liabilities (831) 852,977 + 2,174 + 20,941 Capital Accounts Capital paid in 17,953 + 6 + 2,657 Surplus 15,456 + 1 + 2,555 Other capital accounts 2,844 + 120 + 438 Total capital 36,252 + 126 + 5,649 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, November 7, 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 1,311 44,044 - 17,052 0 0 48,000 36,358 16 days to 90 days 33 171,579 + 23,492 0 0 0 0 91 days to 1 year 0 161,289 - 3,604 0 0 ------ ------ Over 1 to 5 years ------ 241,043 - 2,825 0 0 ------ ------ Over 5 to 10 years ------ 75,480 + 5 0 0 ------ ------ Over 10 years ------ 86,178 + 11 0 0 ------ ------ All 1,344 779,613 + 27 0 0 48,000 36,358 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 November 7, 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 1,230 39 66 88 114 136 169 139 49 42 79 130 179 Securities, repurchase agreements, and loans 828,957 38,141 299,796 36,619 34,959 71,796 76,759 69,426 26,451 16,525 26,801 36,369 95,313 Securities held outright 779,613 35,929 282,296 34,490 31,904 67,547 72,307 65,391 24,917 15,555 25,237 34,254 89,785 U.S. Treasury (1) 779,613 35,929 282,296 34,490 31,904 67,547 72,307 65,391 24,917 15,555 25,237 34,254 89,785 Bills (2) 267,019 12,306 96,687 11,813 10,927 23,135 24,765 22,397 8,534 5,328 8,644 11,732 30,752 Notes and bonds(3) 512,594 23,623 185,609 22,677 20,977 44,412 47,542 42,995 16,383 10,227 16,593 22,522 59,033 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 48,000 2,212 17,381 2,124 1,964 4,159 4,452 4,026 1,534 958 1,554 2,109 5,528 Loans 1,344 0 120 5 1,090 90 0 9 0 13 11 7 0 Items in process of collection 3,763 132 70 278 419 258 363 341 162 282 246 323 886 Bank premises 2,110 119 216 62 154 178 230 206 107 113 259 258 209 Other assets(5) 40,765 1,365 12,597 3,441 2,350 7,655 3,493 2,655 827 769 817 1,066 3,730 Interdistrict settlement account 0 - 3,988 +13,224 - 1,183 - 2,858 + 2,535 - 292 - 604 + 2,799 - 607 + 604 - 3,749 - 5,881 Total Assets 890,061 36,373 330,896 39,843 35,669 83,575 82,005 73,278 30,793 17,358 29,208 35,107 95,956 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 November 7, 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 1,002,829 38,222 360,608 40,899 38,446 81,531 110,463 80,791 32,466 18,261 30,532 57,422 113,188 Less: notes held by F.R. Banks 220,625 6,098 69,289 7,947 8,025 14,490 36,774 14,520 3,884 3,030 3,844 25,653 27,069 Federal Reserve notes, net 782,204 32,124 291,319 32,952 30,421 67,041 73,688 66,271 28,582 15,231 26,688 31,769 86,119 Reverse repurchase agreements (1) 36,358 1,676 13,165 1,608 1,488 3,150 3,372 3,050 1,162 725 1,177 1,597 4,187 Deposits 25,064 412 15,620 766 668 2,031 1,151 1,243 359 230 400 556 1,629 Depository institutions 19,797 409 10,483 761 664 1,922 1,148 1,241 357 229 398 559 1,625 U.S. Treasury, general account 4,902 0 4,902 0 0 0 0 0 0 0 0 0 0 Foreign official 98 1 68 5 3 11 3 2 0 1 0 1 3 Other 268 2 168 0 0 98 0 0 1 0 1 -3 0 Deferred availability cash items 4,220 203 94 541 591 344 390 375 88 289 344 218 744 Other liabilities and accrued dividends (2) 5,963 267 1,746 283 273 951 563 473 218 156 197 274 562 Total liabilities 853,809 34,682 321,943 36,150 33,441 73,517 79,165 71,411 30,408 16,631 28,805 34,414 93,241 Capital Capital paid in 17,953 981 4,296 1,813 1,089 5,093 1,410 872 180 354 190 361 1,313 Surplus 15,456 396 3,842 1,811 1,087 4,099 1,278 861 167 276 176 214 1,248 Other capital 2,844 314 816 68 51 866 152 134 38 97 36 118 154 Total liabilities and capital 890,061 36,373 330,896 39,843 35,669 83,575 82,005 73,278 30,793 17,358 29,208 35,107 95,956 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 Nov 7, 2007 Federal Reserve notes outstanding 1,002,829 Less: Notes held by F.R. Banks not subject to collateralization 220,625 Federal Reserve Notes to be collateralized 782,204 Collateral held against Federal Reserve notes 782,204 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 768,967 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 827,613 Less:face value of securities under reverse repurchase agreements 36,441 U.S. Treasury and agency securities eligible to be pledged 791,171 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.