FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 21, 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 20, 2007 Jun 13, 2007 Jun 21, 2006 Jun 20, 2007 Federal Reserve Banks Reserve Bank Credit 852,284 + 2,304 + 26,414 851,426 Securities held outright 790,417 + 58 + 24,139 790,439 U.S. Treasury (1) 790,417 + 58 + 24,139 790,439 Bills (2) 277,019 0 + 1,649 277,019 Notes and bonds, nominal (2) 474,672 0 + 10,092 474,672 Notes and bonds, inflation-indexed (2) 34,459 0 + 11,813 34,459 Inflation compensation (3) 4,267 + 58 + 585 4,289 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 22,679 + 1,608 + 4,108 21,000 Loans to depository institutions 283 + 137 + 15 933 Primary credit 132 + 106 + 116 771 Secondary credit 0 0 0 0 Seasonal credit 151 + 31 - 101 162 Float -573 + 267 - 1,389 -635 Other Federal Reserve assets 39,478 + 234 - 458 39,689 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,525 + 14 + 539 38,525 Total factors supplying reserve funds 904,050 + 2,317 + 26,953 903,192 Currency in circulation(5) 810,274 - 1,185 + 17,229 810,942 Reverse repurchase agreements (6) 31,721 - 594 + 5,202 30,443 Foreign official and international accounts 31,721 - 594 + 5,202 30,443 Dealers 0 0 0 0 Treasury cash holdings 301 + 5 + 97 292 Deposits with F.R.Banks, other than reserve balances 12,373 + 492 - 286 12,923 U.S. Treasury, general account 5,475 + 517 + 468 6,022 Foreign official 96 - 13 + 3 96 Service-related 6,583 0 - 734 6,583 Required clearing balances 6,583 0 - 734 6,583 Adjustments to compensate for float 0 0 0 0 Other 220 - 11 - 22 222 Other liabilities and capital 39,341 - 110 + 4,400 39,153 Total factors, other than reserve balances, absorbing reserve funds 894,011 - 1,391 + 26,644 893,751 Reserve balances with Federal Reserve Banks 10,039 + 3,708 + 309 9,441 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,967,018 + 11,699 + 329,573 1,971,902 U.S. Treasury 1,230,950 + 4,283 + 105,446 1,230,342 Federal agency 736,069 + 7,417 + 224,128 741,560 Securities lent to dealers 4,718 + 1,131 + 2,845 2,939 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 20, 2007 Jun 13, 2007 Jun 21, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 932 + 18 + 203 Securities, repurchase agreements, and loans 812,372 - 151 + 23,554 Securities held outright 790,439 + 59 + 24,142 U.S. Treasury (1) 790,439 + 59 + 24,142 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) 4,289 + 58 + 588 Federal agency (2) 0 0 0 Repurchase agreements (4) 21,000 - 1,000 - 1,250 Loans 933 + 791 + 662 Items in process of collection (1,010) 3,514 + 818 - 1,916 Bank premises 2,036 + 8 + 182 Other assets (5) 37,767 + 415 - 383 Total assets (1,010) 869,859 + 1,110 + 21,642 Liabilities Federal Reserve notes net of FR Bank holdings 773,636 - 1,334 + 16,701 Reverse repurchase agreements (6) 30,443 - 1,136 + 4,766 Deposits (0) 22,478 + 3,325 - 2,882 Depository institutions 16,138 + 2,048 - 3,513 U.S. Treasury, general account 6,022 + 1,280 + 637 Foreign official 96 + 1 + 9 Other (0) 222 - 4 - 16 Deferred availability cash items (1,010) 4,150 - 60 - 1,282 Other liabilities and accrued dividends (7) 6,042 - 4 + 940 Total liabilities (1,010) 836,748 + 790 + 18,240 Capital Accounts Capital paid in 16,106 + 9 + 1,140 Surplus 15,387 + 16 + 2,486 Other capital accounts 1,617 + 294 - 226 Total capital 33,110 + 319 + 3,400 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 20, 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 933 66,144 + 5,138 0 0 21,000 30,443 16 days to 90 days 0 168,821 - 5,101 0 0 0 0 91 days to 1 year 0 165,288 - 34 0 0 ------ ------ Over 1 to 5 years ------ 233,355 + 17 0 0 ------ ------ Over 5 to 10 years ------ 74,541 + 15 0 0 ------ ------ Over 10 years ------ 82,289 + 22 0 0 ------ ------ All 933 790,439 + 59 0 0 21,000 30,443 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 20, 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 932 29 51 59 90 92 121 111 41 37 72 93 136 Securities, repurchase agreements, and loans 812,372 37,401 294,260 35,898 33,247 70,480 75,263 68,100 25,974 16,228 26,292 35,660 93,570 Securities held outright 790,439 36,428 286,216 34,969 32,347 68,485 73,311 66,299 25,263 15,771 25,587 34,729 91,032 U.S. Treasury (1) 790,439 36,428 286,216 34,969 32,347 68,485 73,311 66,299 25,263 15,771 25,587 34,729 91,032 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) 513,420 23,661 185,908 22,714 21,011 44,484 47,619 43,064 16,409 10,244 16,620 22,558 59,129 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 21,000 968 7,604 929 859 1,819 1,948 1,761 671 419 680 923 2,418 Loans 933 5 440 0 40 175 4 39 40 38 25 8 120 Items in process of collection 4,524 378 136 640 566 208 522 362 149 176 315 227 843 Bank premises 2,036 118 214 57 156 173 232 208 94 115 213 261 198 Other assets(5) 37,767 1,267 11,772 3,184 2,160 7,017 3,208 2,465 755 711 758 1,002 3,469 Interdistrict settlement account 0 - 3,310 + 865 - 672 - 3,499 - 263 + 5,420 + 635 + 166 - 515 + 1,017 + 905 - 750 Total Assets 870,868 36,447 312,224 39,704 33,253 78,723 86,048 72,996 27,576 16,986 29,067 38,859 98,986 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 20, 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 976,167 37,744 345,359 40,251 36,662 79,775 107,921 80,370 29,262 17,284 30,418 57,851 113,271 Less: notes held by F.R. Banks 202,531 5,033 64,862 7,139 9,003 14,481 30,225 14,076 3,723 2,673 3,790 22,303 25,223 Federal Reserve notes, net 773,636 32,711 280,497 33,112 27,659 65,294 77,696 66,294 25,539 14,610 26,628 35,548 88,048 Reverse repurchase agreements (1) 30,443 1,403 11,023 1,347 1,246 2,638 2,823 2,553 973 607 985 1,338 3,506 Deposits 22,478 760 9,822 588 1,101 1,487 1,588 1,498 349 587 437 811 3,451 Depository institutions 16,138 753 3,575 582 1,097 1,426 1,585 1,495 346 586 435 810 3,448 U.S. Treasury, general account 6,022 0 6,022 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 222 7 158 1 1 50 0 0 3 0 1 0 0 Deferred availability cash items 5,159 471 161 697 719 371 498 323 130 365 417 295 713 Other liabilities and accrued dividends (2) 6,042 262 1,860 303 291 824 569 490 216 159 200 280 588 Total liabilities 837,758 35,607 303,363 36,047 31,016 70,614 83,174 71,158 27,207 16,328 28,667 38,271 96,306 Capital Capital paid in 16,106 404 4,292 1,809 1,101 3,959 1,401 887 172 321 188 278 1,294 Surplus 15,387 396 3,782 1,810 1,087 4,096 1,277 859 166 276 176 213 1,247 Other capital 1,617 40 787 38 48 55 196 92 30 60 35 96 139 Total liabilities and capital 870,868 36,447 312,224 39,704 33,253 78,723 86,048 72,996 27,576 16,986 29,067 38,859 98,986 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 20, 2007 Federal Reserve notes outstanding 976,167 Less: Notes held by F.R. Banks not subject to collateralization 202,531 Federal Reserve Notes to be collateralized 773,636 Collateral held against Federal Reserve notes 773,636 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 760,399 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 811,439 Less:face value of securities under reverse repurchase agreements 30,482 U.S. Treasury and agency securities eligible to be pledged 780,957 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.