FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 2, 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 Aug 1, 2007 Jul 25, 2007 Aug 2, 2006 Aug 1, 2007 Federal Reserve Banks Reserve Bank Credit 857,603 + 7,417 + 24,929 855,713 Securities held outright 790,758 + 64 + 25,965 790,802 U.S. Treasury (1) 790,758 + 64 + 25,965 790,802 Bills (2) 277,019 0 0 277,019 Notes and bonds, nominal (2) 474,303 - 369 + 15,772 473,378 Notes and bonds, inflation-indexed (2) 34,828 + 369 + 9,515 35,753 Inflation compensation (3) 4,609 + 65 + 679 4,653 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 25,786 + 6,929 - 821 24,750 Loans to depository institutions 251 + 12 - 235 235 Primary credit 2 - 1 - 139 2 Secondary credit 0 0 0 0 Seasonal credit 249 + 13 - 96 233 Float -857 + 69 - 425 -1,482 Other Federal Reserve assets 41,665 + 344 + 445 41,407 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,574 + 14 + 548 38,574 Total factors supplying reserve funds 909,418 + 7,431 + 25,477 907,528 Currency in circulation(5) 812,415 - 77 + 19,662 814,192 Reverse repurchase agreements (6) 33,335 + 1,835 + 3,690 31,546 Foreign official and international accounts 33,335 + 1,835 + 3,690 31,546 Dealers 0 0 0 0 Treasury cash holdings 292 - 25 + 143 243 Deposits with F.R.Banks, other than reserve balances 11,719 - 189 - 447 11,622 U.S. Treasury, general account 4,874 - 178 + 154 4,769 Foreign official 96 + 1 + 6 95 Service-related 6,463 - 1 - 565 6,463 Required clearing balances 6,463 - 1 - 565 6,463 Adjustments to compensate for float 0 0 0 0 Other 287 - 11 - 41 295 Other liabilities and capital 39,479 + 102 + 3,996 39,462 Total factors, other than reserve balances, absorbing reserve funds 897,240 + 1,645 + 27,043 897,065 Reserve balances with Federal Reserve Banks 12,178 + 5,786 - 1,565 10,462 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 2,009,950 + 6,961 + 356,374 2,010,794 U.S. Treasury 1,252,176 - 1,082 + 130,684 1,254,060 Federal agency 757,773 + 8,042 + 225,688 756,733 Securities lent to dealers 6,084 + 1,452 + 3,508 9,917 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 Aug 1, 2007 Jul 25, 2007 Aug 2, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,096 + 49 + 339 Securities, repurchase agreements, and loans 815,787 + 6,077 + 21,971 Securities held outright 790,802 + 88 + 25,987 U.S. Treasury (1) 790,802 + 88 + 25,987 Bills (2) 277,019 0 0 Notes and bonds, nominal (2) 473,378 - 1,294 + 15,552 Notes and bonds, inflation-indexed (2) 35,753 + 1,294 + 9,734 Inflation compensation (3) 4,653 + 89 + 701 Federal agency (2) 0 0 0 Repurchase agreements (4) 24,750 + 6,000 - 3,000 Loans 235 - 11 - 1,016 Items in process of collection (781) 2,426 + 331 - 2,454 Bank premises 2,053 - 2 + 187 Other assets (5) 39,513 - 22 + 137 Total assets (781) 874,112 + 6,432 + 20,179 Liabilities Federal Reserve notes net of FR Bank holdings 776,953 + 470 + 19,537 Reverse repurchase agreements (6) 31,546 + 437 + 2,748 Deposits (0) 22,243 + 4,357 - 4,669 Depository institutions 17,084 + 4,526 - 3,881 U.S. Treasury, general account 4,769 - 162 - 702 Foreign official 95 - 3 + 4 Other (0) 295 - 5 - 91 Deferred availability cash items (781) 3,908 + 542 - 1,788 Other liabilities and accrued dividends (7) 5,824 + 73 + 852 Total liabilities (781) 840,474 + 5,879 + 16,680 Capital Accounts Capital paid in 16,649 + 478 + 1,652 Surplus 15,411 + 12 + 2,510 Other capital accounts 1,578 + 63 - 662 Total capital 33,638 + 553 + 3,499 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, August 1, 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 31 64,310 + 4,750 0 0 24,750 31,546 16 days to 90 days 204 157,010 - 14,325 0 0 0 0 91 days to 1 year 0 178,313 + 7,989 0 0 ------ ------ Over 1 to 5 years ------ 238,073 + 315 0 0 ------ ------ Over 5 to 10 years ------ 69,350 + 8 0 0 ------ ------ Over 10 years ------ 83,748 + 1,353 0 0 ------ ------ All 235 790,802 + 88 0 0 24,750 31,546 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 August 1, 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 1,096 29 57 71 108 105 150 132 55 41 82 118 148 Securities, repurchase agreements, and loans 815,787 37,585 295,309 36,080 33,375 70,661 75,648 68,458 26,129 16,342 26,422 35,843 93,933 Securities held outright 790,802 36,445 286,347 34,985 32,362 68,517 73,345 66,330 25,275 15,778 25,599 34,745 91,074 U.S. Treasury (1) 790,802 36,445 286,347 34,985 32,362 68,517 73,345 66,330 25,275 15,778 25,599 34,745 91,074 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) 513,784 23,678 186,040 22,730 21,026 44,515 47,652 43,095 16,421 10,251 16,632 22,574 59,170 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 24,750 1,141 8,962 1,095 1,013 2,144 2,296 2,076 791 494 801 1,087 2,850 Loans 235 0 0 0 0 0 7 52 64 70 22 10 9 Items in process of collection 3,207 142 101 448 394 261 290 240 79 180 291 255 525 Bank premises 2,053 119 215 56 155 174 230 206 98 114 225 260 200 Other assets(5) 39,513 1,335 12,348 3,276 2,253 7,279 3,380 2,592 810 745 803 1,055 3,637 Interdistrict settlement account 0 - 4,044 + 6,311 - 529 - 2,337 + 577 + 5,600 - 134 + 55 - 1,382 + 758 - 2,558 - 2,319 Total Assets 874,893 35,731 319,269 39,941 34,480 80,073 86,582 72,609 27,624 16,273 28,983 35,684 97,644 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 August 1, 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 989,202 37,677 352,774 40,938 37,723 80,600 110,005 80,522 29,509 17,357 30,404 57,463 114,230 Less: notes held by F.R. Banks 212,249 5,412 67,094 7,585 8,840 15,538 31,327 14,488 3,937 3,064 3,852 25,133 25,978 Federal Reserve notes, net 776,953 32,265 285,681 33,353 28,883 65,062 78,678 66,033 25,571 14,293 26,552 32,331 88,251 Reverse repurchase agreements (1) 31,546 1,454 11,423 1,396 1,291 2,733 2,926 2,646 1,008 629 1,021 1,386 3,633 Deposits 22,243 655 11,400 626 1,216 2,070 1,308 1,294 355 236 467 788 1,827 Depository institutions 17,084 654 6,384 621 1,213 1,959 1,305 1,291 347 235 465 787 1,824 U.S. Treasury, general account 4,769 0 4,769 0 0 0 0 0 0 0 0 0 0 Foreign official 95 1 64 5 3 11 3 2 0 1 0 1 3 Other 295 0 184 0 0 100 0 1 8 0 1 0 0 Deferred availability cash items 4,689 283 106 647 594 470 527 311 90 308 344 313 694 Other liabilities and accrued dividends (2) 5,824 257 1,795 265 266 797 554 473 218 150 203 275 570 Total liabilities 841,254 34,914 310,405 36,287 32,250 71,133 83,993 70,757 27,243 15,615 28,588 35,093 94,975 Capital Capital paid in 16,649 388 4,292 1,808 1,101 4,670 1,235 897 173 322 188 281 1,294 Surplus 15,411 396 3,805 1,811 1,087 4,097 1,277 860 167 276 176 213 1,248 Other capital 1,578 33 767 35 42 173 76 96 41 60 30 97 127 Total liabilities and capital 874,893 35,731 319,269 39,941 34,480 80,073 86,582 72,609 27,624 16,273 28,983 35,684 97,644 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 Aug 1, 2007 Federal Reserve notes outstanding 989,202 Less: Notes held by F.R. Banks not subject to collateralization 212,249 Federal Reserve Notes to be collateralized 776,953 Collateral held against Federal Reserve notes 776,953 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 763,716 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 815,552 Less:face value of securities under reverse repurchase agreements 31,594 U.S. Treasury and agency securities eligible to be pledged 783,959 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.