FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 14, 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 Jun 13, 2007 Jun 6, 2007 Jun 14, 2006 Jun 13, 2007 Federal Reserve Banks Reserve Bank Credit 849,980 - 7,933 + 25,238 850,268 Securities held outright 790,359 + 59 + 25,073 790,380 U.S. Treasury (1) 790,359 + 59 + 25,073 790,380 Bills (2) 277,019 0 + 1,649 277,019 Notes and bonds, nominal (2) 474,672 0 + 11,032 474,672 Notes and bonds, inflation-indexed (2) 34,459 0 + 11,813 34,459 Inflation compensation (3) 4,209 + 58 + 579 4,231 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 21,071 - 8,108 + 1,357 22,000 Loans to depository institutions 146 + 27 - 85 142 Primary credit 26 + 13 + 12 0 Secondary credit 0 0 0 0 Seasonal credit 120 + 14 - 97 142 Float -840 - 289 - 628 -1,515 Other Federal Reserve assets 39,244 + 378 - 479 39,260 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,511 + 14 + 527 38,511 Total factors supplying reserve funds 901,733 - 7,918 + 25,766 902,020 Currency in circulation(5) 811,459 - 1,495 + 16,980 812,269 Reverse repurchase agreements (6) 32,315 - 1,529 + 8,005 31,579 Foreign official and international accounts 32,315 - 1,529 + 8,005 31,579 Dealers 0 0 0 0 Treasury cash holdings 296 + 9 + 91 303 Deposits with F.R.Banks, other than reserve balances 11,881 - 11 - 746 11,646 U.S. Treasury, general account 4,958 + 20 - 12 4,742 Foreign official 109 + 15 + 23 95 Service-related 6,583 + 3 - 734 6,583 Required clearing balances 6,583 + 3 - 734 6,583 Adjustments to compensate for float 0 0 0 0 Other 231 - 49 - 23 226 Other liabilities and capital 39,451 + 41 + 4,636 38,837 Total factors, other than reserve balances, absorbing reserve funds 895,402 - 2,985 + 28,966 894,633 Reserve balances with Federal Reserve Banks 6,331 - 4,933 - 3,201 7,387 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,955,319 - 134 + 322,518 1,957,585 U.S. Treasury 1,226,667 - 3,244 + 102,951 1,226,199 Federal agency 728,652 + 3,109 + 219,567 731,385 Securities lent to dealers 3,587 - 2,353 + 1,944 4,637 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 Jun 13, 2007 Jun 6, 2007 Jun 14, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 914 + 21 + 192 Securities, repurchase agreements, and loans 812,523 - 6,452 + 21,784 Securities held outright 790,380 + 58 + 24,135 U.S. Treasury (1) 790,380 + 58 + 24,135 Bills (2) 277,019 0 + 1,649 Notes and bonds, nominal (2) 474,672 0 + 10,092 Notes and bonds, inflation-indexed (2) 34,459 0 + 11,813 Inflation compensation (3) 4,231 + 59 + 582 Federal agency (2) 0 0 0 Repurchase agreements (4) 22,000 - 6,500 - 2,250 Loans 142 - 12 - 103 Items in process of collection (892) 2,696 - 1,375 - 2,172 Bank premises 2,028 + 2 + 176 Other assets (5) 37,352 + 102 - 531 Total assets (892) 868,749 - 7,703 + 19,448 Liabilities Federal Reserve notes net of FR Bank holdings 774,970 - 1,240 + 16,867 Reverse repurchase agreements (6) 31,579 - 490 + 5,577 Deposits (0) 19,153 - 5,301 - 6,019 Depository institutions 14,090 - 4,589 - 6,288 U.S. Treasury, general account 4,742 - 654 + 274 Foreign official 95 + 3 + 11 Other (0) 226 - 60 - 16 Deferred availability cash items (892) 4,210 - 361 - 1,267 Other liabilities and accrued dividends (7) 6,046 + 29 + 928 Total liabilities (892) 835,958 - 7,361 + 16,085 Capital Accounts Capital paid in 16,097 - 9 + 1,132 Surplus 15,371 - 15 + 2,470 Other capital accounts 1,323 - 318 - 239 Total capital 32,791 - 342 + 3,363 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, June 13, 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 12 61,006 - 1,334 0 0 22,000 31,579 16 days to 90 days 130 173,922 + 1,500 0 0 0 0 91 days to 1 year 0 165,322 - 162 0 0 ------ ------ Over 1 to 5 years ------ 233,338 + 18 0 0 ------ ------ Over 5 to 10 years ------ 74,526 + 14 0 0 ------ ------ Over 10 years ------ 82,267 + 23 0 0 ------ ------ All 142 790,380 + 58 0 0 22,000 31,579 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 June 13, 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 914 31 54 59 86 89 114 110 39 39 70 88 137 Securities, repurchase agreements, and loans 812,523 37,443 294,161 35,940 33,245 70,386 75,352 68,183 25,990 16,241 26,318 35,699 93,563 Securities held outright 790,380 36,425 286,195 34,967 32,345 68,480 73,306 66,295 25,261 15,770 25,585 34,727 91,025 U.S. Treasury (1) 790,380 36,425 286,195 34,967 32,345 68,480 73,306 66,295 25,261 15,770 25,585 34,727 91,025 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) 513,362 23,659 185,887 22,711 21,008 44,479 47,613 43,059 16,408 10,243 16,618 22,555 59,122 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 22,000 1,014 7,966 973 900 1,906 2,040 1,845 703 439 712 967 2,534 Loans 142 4 0 0 0 0 6 44 26 32 21 6 4 Items in process of collection 3,588 157 84 336 430 122 373 331 169 119 371 194 901 Bank premises 2,028 118 214 57 156 173 232 207 90 115 213 261 194 Other assets(5) 37,352 1,246 11,610 3,160 2,138 6,966 3,220 2,431 740 699 739 982 3,420 Interdistrict settlement account 0 - 2,840 - 1,148 - 379 - 3,455 + 1,849 + 5,378 + 738 + 259 - 600 + 1,334 + 1,019 - 2,155 Total Assets 869,640 36,719 309,901 39,710 33,132 80,601 85,951 73,115 27,684 16,846 29,447 38,954 97,580 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 June 13, 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 974,566 37,954 345,193 40,060 36,356 79,268 107,608 80,638 29,336 17,332 30,486 57,504 112,830 Less: notes held by F.R. Banks 199,597 4,874 64,243 6,940 8,908 13,957 30,470 13,987 3,691 2,555 3,558 21,772 24,641 Federal Reserve notes, net 774,970 33,080 280,951 33,119 27,448 65,311 77,138 66,651 25,645 14,777 26,928 35,732 88,189 Reverse repurchase agreements (1) 31,579 1,455 11,434 1,397 1,292 2,736 2,929 2,649 1,009 630 1,022 1,387 3,637 Deposits 19,153 756 6,739 584 1,162 3,315 1,854 1,183 326 272 524 639 1,800 Depository institutions 14,090 747 1,775 578 1,157 3,250 1,850 1,181 323 271 523 638 1,797 U.S. Treasury, general account 4,742 0 4,742 0 0 0 0 0 0 0 0 0 0 Foreign official 95 1 65 5 3 11 3 2 0 1 0 1 3 Other 226 8 157 1 2 54 0 0 3 0 1 0 0 Deferred availability cash items 5,102 329 144 685 725 372 635 321 121 356 378 327 708 Other liabilities and accrued dividends (2) 6,046 261 1,864 304 290 828 558 492 218 160 200 279 592 Total liabilities 836,850 35,882 301,131 36,089 30,918 72,562 83,113 71,296 27,319 16,195 29,053 38,365 94,926 Capital Capital paid in 16,097 404 4,281 1,809 1,101 3,959 1,401 887 172 321 188 278 1,296 Surplus 15,371 396 3,782 1,810 1,087 4,080 1,277 859 166 276 176 213 1,247 Other capital 1,323 37 706 2 26 0 160 73 26 54 30 97 111 Total liabilities and capital 869,640 36,719 309,901 39,710 33,132 80,601 85,951 73,115 27,684 16,846 29,447 38,954 97,580 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 Jun 13, 2007 Federal Reserve notes outstanding 974,566 Less: Notes held by F.R. Banks not subject to collateralization 199,597 Federal Reserve Notes to be collateralized 774,970 Collateral held against Federal Reserve notes 774,970 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 761,733 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 812,380 Less:face value of securities under reverse repurchase agreements 31,624 U.S. Treasury and agency securities eligible to be pledged 780,757 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.