FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 27, 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 Sep 26, 2007 Sep 19, 2007 Sep 27, 2006 Sep 26, 2007 Federal Reserve Banks Reserve Bank Credit 859,548 + 6,550 + 34,415 876,096 Securities held outright 779,634 - 2 + 10,726 779,633 U.S. Treasury (1) 779,634 - 2 + 10,726 779,633 Bills (2) 267,019 0 - 10,000 267,019 Notes and bonds, nominal (2) 472,142 0 + 10,351 472,142 Notes and bonds, inflation-indexed (2) 35,753 0 + 9,734 35,753 Inflation compensation (3) 4,720 - 3 + 640 4,719 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 39,107 + 8,928 + 22,464 56,000 Loans to depository institutions 306 - 2,115 - 78 207 Primary credit 88 - 2,091 + 57 0 Secondary credit 0 0 0 0 Seasonal credit 218 - 23 - 135 207 Float -175 - 797 + 488 -586 Other Federal Reserve assets 40,676 + 536 + 814 40,843 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,653 + 14 + 584 38,653 Total factors supplying reserve funds 911,442 + 6,564 + 34,999 927,990 Currency in circulation(5) 809,870 - 45 + 19,122 812,059 Reverse repurchase agreements (6) 35,138 - 597 + 6,747 35,312 Foreign official and international accounts 35,138 - 597 + 6,747 35,312 Dealers 0 0 0 0 Treasury cash holdings 333 - 6 + 175 336 Deposits with F.R.Banks, other than reserve balances 11,745 - 687 + 139 11,921 U.S. Treasury, general account 4,761 - 655 + 481 4,943 Foreign official 97 - 8 + 7 96 Service-related 6,649 - 4 - 318 6,649 Required clearing balances 6,649 - 4 - 318 6,649 Adjustments to compensate for float 0 0 0 0 Other 238 - 20 - 31 233 Other liabilities and capital 41,150 + 253 + 4,938 40,846 Total factors, other than reserve balances, absorbing reserve funds 898,236 - 1,081 + 31,121 900,473 Reserve balances with Federal Reserve Banks 13,206 + 7,645 + 3,878 27,517 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,995,246 + 7,747 + 333,837 1,997,612 U.S. Treasury 1,214,842 + 3,845 + 95,652 1,213,618 Federal agency 780,404 + 3,902 + 238,185 783,994 Securities lent to dealers 3,319 + 1,142 + 2,209 4,158 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 Sep 26, 2007 Sep 19, 2007 Sep 27, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,105 + 15 + 247 Securities, repurchase agreements, and loans 835,840 + 22,096 + 39,058 Securities held outright 779,633 - 2 + 10,718 U.S. Treasury (1) 779,633 - 2 + 10,718 Bills (2) 267,019 0 - 10,000 Notes and bonds, nominal (2) 472,142 0 + 10,351 Notes and bonds, inflation-indexed (2) 35,753 0 + 9,734 Inflation compensation (3) 4,719 - 3 + 632 Federal agency (2) 0 0 0 Repurchase agreements (4) 56,000 + 23,250 + 28,500 Loans 207 - 1,152 - 159 Items in process of collection (771) 2,607 - 675 - 534 Bank premises 2,090 + 4 + 201 Other assets (5) 38,813 + 667 + 744 Total assets (771) 893,691 + 22,105 + 39,716 Liabilities Federal Reserve notes net of FR Bank holdings 774,843 + 1,476 + 19,701 Reverse repurchase agreements (6) 35,312 - 913 + 3,846 Deposits (0) 39,511 + 21,293 + 12,448 Depository institutions 34,239 + 20,787 + 12,088 U.S. Treasury, general account 4,943 + 488 + 358 Foreign official 96 - 2 + 5 Other (0) 233 + 20 - 3 Deferred availability cash items (771) 3,180 - 234 - 1,427 Other liabilities and accrued dividends (7) 6,006 - 27 + 492 Total liabilities (771) 858,851 + 21,594 + 35,059 Capital Accounts Capital paid in 17,147 + 179 + 2,080 Surplus 15,425 0 + 2,524 Other capital accounts 2,268 + 332 + 54 Total capital 34,840 + 511 + 4,658 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, September 26, 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 201 52,162 + 1,323 0 0 56,000 35,312 16 days to 90 days 6 157,593 + 66 0 0 0 0 91 days to 1 year 0 172,365 - 1,388 0 0 ------ ------ Over 1 to 5 years ------ 235,828 0 0 0 ------ ------ Over 5 to 10 years ------ 75,488 - 1 0 0 ------ ------ Over 10 years ------ 86,198 - 1 0 0 ------ ------ All 207 779,633 - 2 0 0 56,000 35,312 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 September 26, 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 1,105 32 61 77 102 117 156 124 50 40 80 118 149 Securities, repurchase agreements, and loans 835,840 38,511 302,580 36,978 34,197 72,401 77,503 70,123 26,760 16,737 27,090 36,722 96,237 Securities held outright 779,633 35,930 282,303 34,491 31,905 67,549 72,309 65,393 24,918 15,555 25,237 34,254 89,787 U.S. Treasury (1) 779,633 35,930 282,303 34,491 31,905 67,549 72,309 65,393 24,918 15,555 25,237 34,254 89,787 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) 512,614 23,624 185,616 22,678 20,978 44,414 47,544 42,996 16,384 10,228 16,594 22,523 59,036 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 56,000 2,581 20,277 2,477 2,292 4,852 5,194 4,697 1,790 1,117 1,813 2,460 6,449 Loans 207 0 0 9 0 0 0 33 52 64 40 8 0 Items in process of collection 3,378 130 66 286 311 297 467 259 157 221 255 316 613 Bank premises 2,090 119 217 57 154 177 230 206 104 114 244 260 207 Other assets(5) 38,813 1,291 12,007 3,299 2,245 7,337 3,301 2,519 767 727 766 1,006 3,545 Interdistrict settlement account 0 - 5,069 +16,319 - 1,562 - 2,097 + 2,489 + 1,929 - 1,574 - 956 - 610 + 211 - 3,669 - 5,412 Total Assets 894,462 35,578 336,179 39,674 35,444 83,835 84,869 72,773 27,279 17,462 29,047 35,464 96,859 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 September 26, 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 999,845 37,040 362,857 40,836 38,175 81,589 111,440 79,925 29,191 17,190 30,175 57,720 113,707 Less: notes held by F.R. Banks 225,002 6,034 72,223 8,153 8,979 15,281 34,788 14,939 4,130 3,206 3,878 25,877 27,514 Federal Reserve notes, net 774,843 31,006 290,634 32,682 29,195 66,308 76,652 64,986 25,061 13,984 26,297 31,843 86,193 Reverse repurchase agreements (1) 35,312 1,627 12,786 1,562 1,445 3,059 3,275 2,962 1,129 705 1,143 1,551 4,067 Deposits 39,511 1,087 21,973 916 1,806 3,828 1,409 2,152 296 1,630 710 959 2,744 Depository institutions 34,239 1,081 16,797 911 1,801 3,762 1,406 2,149 295 1,630 709 958 2,740 U.S. Treasury, general account 4,943 0 4,943 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 233 5 168 0 2 55 0 0 1 0 1 0 0 Deferred availability cash items 3,951 219 97 556 503 347 390 313 191 264 285 221 566 Other liabilities and accrued dividends (2) 6,006 269 1,809 283 275 871 562 483 225 156 208 282 582 Total liabilities 859,622 34,208 327,299 36,000 33,225 74,414 82,288 70,896 26,901 16,739 28,644 34,857 94,151 Capital Capital paid in 17,147 847 4,289 1,810 1,089 4,661 1,229 905 179 353 190 289 1,307 Surplus 15,425 396 3,816 1,811 1,087 4,098 1,277 860 167 276 176 214 1,248 Other capital 2,268 127 776 53 43 662 75 111 32 94 37 105 153 Total liabilities and capital 894,462 35,578 336,179 39,674 35,444 83,835 84,869 72,773 27,279 17,462 29,047 35,464 96,859 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 Sep 26, 2007 Federal Reserve notes outstanding 999,845 Less: Notes held by F.R. Banks not subject to collateralization 225,002 Federal Reserve Notes to be collateralized 774,843 Collateral held against Federal Reserve notes 774,843 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 761,606 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 835,633 Less:face value of securities under reverse repurchase agreements 35,351 U.S. Treasury and agency securities eligible to be pledged 800,282 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.