FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 26, 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 25, 2007 Jul 18, 2007 Jul 26, 2006 Jul 25, 2007 Federal Reserve Banks Reserve Bank Credit 850,186 - 3,669 + 24,131 849,899 Securities held outright 790,694 + 54 + 25,942 790,714 U.S. Treasury (1) 790,694 + 54 + 25,942 790,714 Bills (2) 277,019 0 0 277,019 Notes and bonds, nominal (2) 474,672 0 + 15,611 474,672 Notes and bonds, inflation-indexed (2) 34,459 0 + 9,676 34,459 Inflation compensation (3) 4,544 + 53 + 655 4,564 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 18,857 - 3,679 - 1,679 18,750 Loans to depository institutions 239 - 121 - 111 246 Primary credit 3 - 142 - 12 3 Secondary credit 0 0 0 0 Seasonal credit 236 + 20 - 98 243 Float -926 - 200 - 115 -1,270 Other Federal Reserve assets 41,321 + 277 + 92 41,460 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,560 + 14 + 543 38,560 Total factors supplying reserve funds 901,987 - 3,655 + 24,674 901,700 Currency in circulation(5) 812,492 - 1,519 + 19,813 813,701 Reverse repurchase agreements (6) 31,500 - 66 + 2,339 31,109 Foreign official and international accounts 31,500 - 66 + 2,339 31,109 Dealers 0 0 0 0 Treasury cash holdings 317 - 33 + 159 298 Deposits with F.R.Banks, other than reserve balances 11,908 + 865 - 543 11,792 U.S. Treasury, general account 5,052 + 878 + 35 4,931 Foreign official 95 - 29 - 8 98 Service-related 6,464 + 32 - 564 6,464 Required clearing balances 6,464 + 32 - 564 6,464 Adjustments to compensate for float 0 0 0 0 Other 298 - 14 - 5 300 Other liabilities and capital 39,377 + 27 + 4,400 38,836 Total factors, other than reserve balances, absorbing reserve funds 895,595 - 726 + 26,168 895,737 Reserve balances with Federal Reserve Banks 6,392 - 2,929 - 1,495 5,963 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 2,002,989 + 6,970 + 358,191 2,011,785 U.S. Treasury 1,253,258 + 1,781 + 139,067 1,252,385 Federal agency 749,731 + 5,188 + 219,124 759,400 Securities lent to dealers 4,632 - 46 + 2,144 4,632 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 25, 2007 Jul 18, 2007 Jul 26, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,047 + 66 + 297 Securities, repurchase agreements, and loans 809,710 - 8,452 + 23,576 Securities held outright 790,714 + 54 + 25,951 U.S. Treasury (1) 790,714 + 54 + 25,951 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) 4,564 + 54 + 664 Federal agency (2) 0 0 0 Repurchase agreements (4) 18,750 - 8,500 - 2,250 Loans 246 - 6 - 125 Items in process of collection (810) 2,095 - 1,134 - 1,935 Bank premises 2,055 + 9 + 191 Other assets (5) 39,535 + 484 + 449 Total assets (810) 867,680 - 9,027 + 22,579 Liabilities Federal Reserve notes net of FR Bank holdings 776,483 - 461 + 19,844 Reverse repurchase agreements (6) 31,109 - 1,398 + 2,641 Deposits (0) 17,886 - 6,717 - 2,235 Depository institutions 12,558 - 7,358 - 2,316 U.S. Treasury, general account 4,931 + 831 + 107 Foreign official 98 - 195 - 42 Other (0) 300 + 6 + 17 Deferred availability cash items (810) 3,366 - 434 - 1,756 Other liabilities and accrued dividends (7) 5,751 + 73 + 885 Total liabilities (810) 834,595 - 8,937 + 19,378 Capital Accounts Capital paid in 16,171 + 2 + 1,178 Surplus 15,399 0 + 2,498 Other capital accounts 1,515 - 92 - 475 Total capital 33,085 - 89 + 3,201 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 25, 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 236 59,560 - 453 0 0 18,750 31,109 16 days to 90 days 10 171,335 - 978 0 0 0 0 91 days to 1 year 0 170,324 + 1,434 0 0 ------ ------ Over 1 to 5 years ------ 237,758 + 20 0 0 ------ ------ Over 5 to 10 years ------ 69,342 + 10 0 0 ------ ------ Over 10 years ------ 82,395 + 21 0 0 ------ ------ All 246 790,714 + 54 0 0 18,750 31,109 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 25, 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 1,047 29 55 69 102 99 140 127 53 40 78 116 138 Securities, repurchase agreements, and loans 809,710 37,305 293,105 35,812 33,126 70,134 75,082 67,950 25,931 16,230 26,230 35,575 93,230 Securities held outright 790,714 36,441 286,315 34,981 32,359 68,509 73,337 66,323 25,272 15,776 25,596 34,741 91,063 U.S. Treasury (1) 790,714 36,441 286,315 34,981 32,359 68,509 73,337 66,323 25,272 15,776 25,596 34,741 91,063 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) 513,695 23,674 186,007 22,726 21,022 44,508 47,644 43,087 16,418 10,249 16,629 22,570 59,160 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 18,750 864 6,789 830 767 1,625 1,739 1,573 599 374 607 824 2,159 Loans 246 0 0 1 0 0 6 55 60 80 27 10 8 Items in process of collection 2,905 119 49 303 443 192 378 162 68 199 279 196 517 Bank premises 2,055 118 216 56 156 173 231 207 98 114 225 260 201 Other assets(5) 39,535 1,340 12,348 3,278 2,256 7,263 3,376 2,601 801 747 804 1,062 3,660 Interdistrict settlement account 0 - 3,697 + 3,835 - 422 - 2,425 + 340 + 5,959 + 365 + 218 - 1,281 + 811 - 1,815 - 1,887 Total Assets 868,490 35,777 314,535 39,633 34,190 79,217 86,448 72,526 27,566 16,284 28,829 36,106 97,379 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 25, 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 986,851 37,657 351,080 40,851 37,594 80,505 109,708 80,552 29,453 17,209 30,273 57,595 114,375 Less: notes held by F.R. Banks 210,369 5,413 66,015 7,644 9,024 15,631 30,905 14,554 3,872 2,874 3,776 24,662 25,998 Federal Reserve notes, net 776,483 32,245 285,064 33,206 28,571 64,873 78,803 65,997 25,582 14,335 26,497 32,933 88,377 Reverse repurchase agreements (1) 31,109 1,434 11,265 1,376 1,273 2,695 2,885 2,609 994 621 1,007 1,367 3,583 Deposits 17,886 800 7,478 609 1,276 2,098 1,118 1,324 310 236 414 648 1,575 Depository institutions 12,558 798 2,290 604 1,272 1,983 1,115 1,320 309 235 412 647 1,572 U.S. Treasury, general account 4,931 0 4,931 0 0 0 0 0 0 0 0 0 0 Foreign official 98 1 67 5 3 11 3 2 0 1 0 1 3 Other 300 1 190 0 1 105 0 1 1 0 1 0 0 Deferred availability cash items 4,176 230 108 529 574 328 515 283 109 282 315 293 610 Other liabilities and accrued dividends (2) 5,751 253 1,765 262 264 784 547 473 216 152 197 277 562 Total liabilities 835,405 34,961 305,679 35,983 31,958 70,778 83,868 70,686 27,211 15,626 28,430 35,517 94,707 Capital Capital paid in 16,171 388 4,292 1,809 1,101 4,196 1,238 890 173 322 188 280 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 1,515 33 770 31 44 146 66 90 15 60 35 96 130 Total liabilities and capital 868,490 35,777 314,535 39,633 34,190 79,217 86,448 72,526 27,566 16,284 28,829 36,106 97,379 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 25, 2007 Federal Reserve notes outstanding 986,851 Less: Notes held by F.R. Banks not subject to collateralization 210,369 Federal Reserve Notes to be collateralized 776,483 Collateral held against Federal Reserve notes 776,483 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 763,246 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 809,464 Less:face value of securities under reverse repurchase agreements 31,156 U.S. Treasury and agency securities eligible to be pledged 778,308 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.