FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 15, 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 14, 2007 Nov 7, 2007 Nov 15, 2006 Nov 14, 2007 Federal Reserve Banks Reserve Bank Credit 865,773 + 1,412 + 30,860 873,345 Securities held outright 779,631 + 28 + 9,279 779,639 U.S. Treasury (1) 779,631 + 28 + 9,279 779,639 Bills (2) 267,019 0 - 10,000 267,019 Notes and bonds, nominal (2) 470,984 0 + 11,967 470,984 Notes and bonds, inflation-indexed (2) 36,911 0 + 6,806 36,911 Inflation compensation (3) 4,718 + 29 + 507 4,726 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 43,250 + 429 + 17,464 49,500 Loans to depository institutions 567 + 322 + 445 60 Primary credit 523 + 332 + 520 11 Secondary credit 0 0 0 0 Seasonal credit 44 - 10 - 74 49 Float -917 - 253 - 452 757 Other Federal Reserve assets 43,242 + 886 + 4,123 43,389 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,723 + 14 + 573 38,723 Total factors supplying reserve funds 917,737 + 1,426 + 31,433 925,309 Currency in circulation(5) 821,078 + 5,292 + 21,160 821,664 Reverse repurchase agreements (6) 35,176 - 2,114 + 2,701 34,703 Foreign official and international accounts 35,176 - 2,114 + 2,701 34,703 Dealers 0 0 0 0 Treasury cash holdings 278 - 20 + 96 276 Deposits with F.R.Banks, other than reserve balances 11,954 - 134 - 232 12,318 U.S. Treasury, general account 5,143 + 24 + 183 5,540 Foreign official 102 + 4 + 11 97 Service-related 6,397 - 187 - 430 6,397 Required clearing balances 6,382 - 202 - 426 6,382 Adjustments to compensate for float 15 + 15 - 5 15 Other 312 + 25 + 4 284 Other liabilities and capital 42,932 + 623 + 8,195 42,386 Total factors, other than reserve balances, absorbing reserve funds 911,418 + 3,646 + 31,920 911,347 Reserve balances with Federal Reserve Banks 6,319 - 2,220 - 487 13,962 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 2,028,735 - 3,836 + 325,011 2,033,228 U.S. Treasury 1,234,478 - 2,697 + 84,894 1,237,555 Federal agency 794,258 - 1,138 + 240,118 795,673 Securities lent to dealers 8,096 + 847 + 7,482 7,672 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 14, 2007 Nov 7, 2007 Nov 15, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,203 - 27 + 370 Securities, repurchase agreements, and loans 829,200 + 243 + 23,782 Securities held outright 779,639 + 26 + 9,589 U.S. Treasury (1) 779,639 + 26 + 9,589 Bills (2) 267,019 0 - 10,000 Notes and bonds, nominal (2) 470,984 0 + 12,254 Notes and bonds, inflation-indexed (2) 36,911 0 + 6,806 Inflation compensation (3) 4,726 + 27 + 529 Federal agency (2) 0 0 0 Repurchase agreements (4) 49,500 + 1,500 + 14,250 Loans 60 - 1,284 - 58 Items in process of collection (1,294) 5,885 + 2,954 + 2,009 Bank premises 2,111 + 1 + 202 Other assets (5) 41,386 + 621 + 7,097 Total assets (1,294) 893,020 + 3,791 + 33,458 Liabilities Federal Reserve notes net of FR Bank holdings 784,415 + 2,211 + 19,460 Reverse repurchase agreements (6) 34,703 - 1,655 + 1,939 Deposits (0) 26,388 + 1,320 + 3,519 Depository institutions 20,467 + 670 + 2,803 U.S. Treasury, general account 5,540 + 638 + 720 Foreign official 97 - 1 + 5 Other (0) 284 + 12 - 10 Deferred availability cash items (1,294) 5,128 + 1,743 + 770 Other liabilities and accrued dividends (7) 5,940 - 23 + 3 Total liabilities (1,294) 856,574 + 3,597 + 25,690 Capital Accounts Capital paid in 18,078 + 125 + 2,789 Surplus 15,456 0 + 4,902 Other capital accounts 2,913 + 69 + 78 Total capital 36,446 + 194 + 7,768 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 14, 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 20 58,408 + 14,364 0 0 49,500 34,703 16 days to 90 days 41 157,628 - 13,951 0 0 0 0 91 days to 1 year 0 160,879 - 410 0 0 ------ ------ Over 1 to 5 years ------ 241,053 + 10 0 0 ------ ------ Over 5 to 10 years ------ 75,484 + 4 0 0 ------ ------ Over 10 years ------ 86,188 + 10 0 0 ------ ------ All 60 779,639 + 26 0 0 49,500 34,703 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 14, 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 1,203 36 65 86 112 136 164 135 48 42 79 127 173 Securities, repurchase agreements, and loans 829,200 38,212 300,229 36,688 33,931 71,838 76,901 69,558 26,502 16,554 26,852 36,435 95,499 Securities held outright 779,639 35,930 282,305 34,492 31,905 67,550 72,310 65,394 24,918 15,556 25,238 34,255 89,788 U.S. Treasury (1) 779,639 35,930 282,305 34,492 31,905 67,550 72,310 65,394 24,918 15,556 25,238 34,255 89,788 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) 512,621 23,625 185,618 22,679 20,978 44,415 47,544 42,997 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) 49,500 2,281 17,924 2,190 2,026 4,289 4,591 4,152 1,582 988 1,602 2,175 5,701 Loans 60 0 0 7 0 0 0 12 2 11 12 6 10 Items in process of collection 7,179 269 677 929 820 400 1,041 473 149 314 799 410 897 Bank premises 2,111 119 216 62 154 179 230 206 107 113 259 258 210 Other assets(5) 41,386 1,387 12,805 3,479 2,377 7,750 3,560 2,699 843 777 829 1,086 3,793 Interdistrict settlement account 0 - 3,198 + 6,649 - 1,711 - 1,298 + 6,680 - 1,749 - 39 + 2,878 - 59 + 439 - 3,120 - 5,471 Total Assets 894,314 37,389 325,567 40,071 36,627 87,999 81,429 74,147 30,923 17,974 29,658 35,908 96,621 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 14, 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 1,004,133 38,449 360,042 41,043 38,401 81,644 110,222 81,522 32,717 18,243 30,765 57,571 113,514 Less: notes held by F.R. Banks 219,718 5,920 69,663 7,855 7,588 14,144 37,260 14,697 3,922 2,974 3,683 25,358 26,655 Federal Reserve notes, net 784,415 32,529 290,378 33,188 30,814 67,500 72,962 66,826 28,795 15,269 27,081 32,213 86,860 Reverse repurchase agreements (1) 34,703 1,599 12,566 1,535 1,420 3,007 3,219 2,911 1,109 692 1,123 1,525 3,997 Deposits 26,388 987 11,776 380 1,088 5,791 1,082 1,616 259 757 401 780 1,470 Depository institutions 20,467 984 5,982 375 1,084 5,692 1,078 1,612 258 756 399 780 1,467 U.S. Treasury, general account 5,540 0 5,540 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 284 3 187 0 1 89 0 1 1 0 1 0 0 Deferred availability cash items 6,422 276 159 1,005 745 594 758 501 159 374 448 390 1,013 Other liabilities and accrued dividends (2) 5,940 264 1,742 286 279 960 517 475 219 158 200 276 565 Total liabilities 857,868 35,656 316,621 36,395 34,345 77,851 78,538 72,328 30,541 17,251 29,254 35,183 93,905 Capital Capital paid in 18,078 985 4,353 1,813 1,154 5,093 1,410 873 180 354 190 361 1,312 Surplus 15,456 396 3,842 1,811 1,088 4,099 1,278 861 167 276 176 214 1,248 Other capital 2,913 353 751 52 40 956 203 86 36 93 37 149 156 Total liabilities and capital 894,314 37,389 325,567 40,071 36,627 87,999 81,429 74,147 30,923 17,974 29,658 35,908 96,621 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 14, 2007 Federal Reserve notes outstanding 1,004,133 Less: Notes held by F.R. Banks not subject to collateralization 219,718 Federal Reserve Notes to be collateralized 784,415 Collateral held against Federal Reserve notes 784,415 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 771,178 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 829,139 Less:face value of securities under reverse repurchase agreements 34,879 U.S. Treasury and agency securities eligible to be pledged 794,260 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.