FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 25, 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 Oct 24, 2007 Oct 17, 2007 Oct 25, 2006 Oct 24, 2007 Federal Reserve Banks Reserve Bank Credit 858,846 + 757 + 28,248 867,438 Securities held outright 779,580 - 17 + 12,167 779,574 U.S. Treasury (1) 779,580 - 17 + 12,167 779,574 Bills (2) 267,019 0 - 10,000 267,019 Notes and bonds, nominal (2) 472,142 0 + 13,331 472,142 Notes and bonds, inflation-indexed (2) 35,753 0 + 8,323 35,753 Inflation compensation (3) 4,667 - 17 + 515 4,661 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 37,714 - 786 + 14,821 46,000 Loans to depository institutions 294 + 54 + 120 502 Primary credit 142 + 16 + 133 3 Secondary credit 57 + 57 + 57 402 Seasonal credit 95 - 19 - 70 98 Float -489 + 982 - 80 -635 Other Federal Reserve assets 41,747 + 524 + 1,219 41,996 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,693 + 14 + 573 38,693 Total factors supplying reserve funds 910,780 + 771 + 28,820 919,371 Currency in circulation(5) 812,823 - 1,685 + 18,677 813,872 Reverse repurchase agreements (6) 36,726 + 2,322 + 6,005 37,428 Foreign official and international accounts 36,726 + 2,322 + 6,005 37,428 Dealers 0 0 0 0 Treasury cash holdings 322 - 13 + 142 310 Deposits with F.R.Banks, other than reserve balances 12,032 - 81 - 438 11,714 U.S. Treasury, general account 5,046 - 34 - 132 4,737 Foreign official 99 + 2 + 10 99 Service-related 6,578 0 - 336 6,578 Required clearing balances 6,578 0 - 336 6,578 Adjustments to compensate for float 0 0 0 0 Other 309 - 48 + 19 300 Other liabilities and capital 41,940 + 348 + 5,523 41,612 Total factors, other than reserve balances, absorbing reserve funds 903,843 + 890 + 29,909 904,936 Reserve balances with Federal Reserve Banks 6,937 - 119 - 1,089 14,435 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 2,030,609 + 12,375 + 344,979 2,032,855 U.S. Treasury 1,234,088 + 3,857 + 92,552 1,231,085 Federal agency 796,521 + 8,518 + 252,427 801,770 Securities lent to dealers 6,449 + 575 + 4,786 9,509 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 Oct 24, 2007 Oct 17, 2007 Oct 25, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,216 + 37 + 385 Securities, repurchase agreements, and loans 826,077 + 10,128 + 27,484 Securities held outright 779,574 - 17 + 11,152 U.S. Treasury (1) 779,574 - 17 + 11,152 Bills (2) 267,019 0 - 10,000 Notes and bonds, nominal (2) 472,142 0 + 12,327 Notes and bonds, inflation-indexed (2) 35,753 0 + 8,323 Inflation compensation (3) 4,661 - 16 + 504 Federal agency (2) 0 0 0 Repurchase agreements (4) 46,000 + 9,750 + 16,000 Loans 502 + 394 + 330 Items in process of collection (583) 2,354 + 977 - 1,022 Bank premises 2,106 + 1 + 204 Other assets (5) 39,985 + 707 + 1,304 Total assets (583) 884,973 + 11,849 + 28,353 Liabilities Federal Reserve notes net of FR Bank holdings 776,701 - 985 + 18,232 Reverse repurchase agreements (6) 37,428 + 2,341 + 6,277 Deposits (0) 26,243 + 10,450 - 493 Depository institutions 21,107 + 10,831 + 101 U.S. Treasury, general account 4,737 - 368 - 609 Foreign official 99 + 2 + 9 Other (0) 300 - 15 + 7 Deferred availability cash items (583) 2,989 - 204 - 1,246 Other liabilities and accrued dividends (7) 5,934 + 9 + 404 Total liabilities (583) 849,296 + 11,612 + 23,175 Capital Accounts Capital paid in 17,756 + 20 + 2,657 Surplus 15,438 0 + 2,537 Other capital accounts 2,484 + 218 - 15 Total capital 35,678 + 238 + 5,178 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, October 24, 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 501 57,578 + 2,179 0 0 46,000 37,428 16 days to 90 days 2 157,995 - 1,550 0 0 0 0 91 days to 1 year 0 166,029 - 631 0 0 ------ ------ Over 1 to 5 years ------ 236,319 - 6 0 0 ------ ------ Over 5 to 10 years ------ 75,478 - 3 0 0 ------ ------ Over 10 years ------ 86,174 - 7 0 0 ------ ------ All 502 779,574 - 17 0 0 46,000 37,428 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 October 24, 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 1,216 44 68 89 110 131 162 139 48 45 84 128 169 Securities, repurchase agreements, and loans 826,077 38,047 299,340 36,531 33,785 71,529 76,570 69,263 26,401 16,504 26,744 36,281 95,080 Securities held outright 779,574 35,927 282,282 34,489 31,903 67,544 72,304 65,388 24,916 15,554 25,235 34,252 89,780 U.S. Treasury (1) 779,574 35,927 282,282 34,489 31,903 67,544 72,304 65,388 24,916 15,554 25,235 34,252 89,780 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) 512,555 23,622 185,595 22,676 20,975 44,409 47,538 42,991 16,382 10,227 16,592 22,520 59,029 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 46,000 2,120 16,656 2,035 1,882 3,986 4,266 3,858 1,470 918 1,489 2,021 5,298 Loans 502 0 402 8 0 0 0 16 15 32 20 8 2 Items in process of collection 2,937 101 47 373 289 178 504 189 103 154 229 156 614 Bank premises 2,106 119 217 62 154 177 230 206 105 113 252 259 212 Other assets(5) 39,985 1,339 12,391 3,374 2,304 7,507 3,407 2,601 803 750 800 1,046 3,663 Interdistrict settlement account 0 - 3,411 +12,016 - 1,012 - 1,197 + 3,725 + 585 - 946 + 694 - 1,649 + 501 - 3,667 - 5,639 Total Assets 885,556 36,803 329,006 39,955 35,978 84,263 82,741 72,567 28,551 16,150 29,012 34,914 95,618 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 October 24, 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 1,002,075 38,014 363,019 40,863 38,295 81,703 111,660 80,356 30,444 17,109 30,306 57,374 112,933 Less: notes held by F.R. Banks 225,375 6,174 71,305 7,970 8,585 15,182 37,196 14,599 4,081 3,122 3,845 25,957 27,358 Federal Reserve notes, net 776,701 31,840 291,714 32,893 29,710 66,521 74,464 65,758 26,363 13,986 26,460 31,417 85,575 Reverse repurchase agreements (1) 37,428 1,725 13,552 1,656 1,532 3,243 3,471 3,139 1,196 747 1,212 1,644 4,310 Deposits 26,243 1,192 12,987 1,037 1,721 3,354 1,312 1,009 302 288 437 715 1,890 Depository institutions 21,107 1,181 8,007 1,032 1,679 3,232 1,307 1,045 300 287 435 714 1,887 U.S. Treasury, general account 4,737 0 4,737 0 0 0 0 0 0 0 0 0 0 Foreign official 99 1 69 5 3 11 3 2 0 1 0 1 3 Other 300 9 174 0 40 111 2 -38 1 0 1 0 0 Deferred availability cash items 3,572 164 104 407 521 298 362 288 91 244 300 230 564 Other liabilities and accrued dividends (2) 5,934 263 1,761 282 273 918 544 471 218 161 201 274 567 Total liabilities 849,879 35,184 320,119 36,275 33,756 74,334 80,155 70,665 28,170 15,426 28,609 34,280 92,906 Capital Capital paid in 17,756 973 4,295 1,813 1,089 5,093 1,229 927 179 354 190 302 1,310 Surplus 15,438 396 3,827 1,811 1,087 4,098 1,278 861 167 276 176 214 1,248 Other capital 2,484 251 765 56 45 738 79 115 35 94 36 118 154 Total liabilities and capital 885,556 36,803 329,006 39,955 35,978 84,263 82,741 72,567 28,551 16,150 29,012 34,914 95,618 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 Oct 24, 2007 Federal Reserve notes outstanding 1,002,075 Less: Notes held by F.R. Banks not subject to collateralization 225,375 Federal Reserve Notes to be collateralized 776,701 Collateral held against Federal Reserve notes 776,701 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 763,464 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 825,574 Less:face value of securities under reverse repurchase agreements 37,604 U.S. Treasury and agency securities eligible to be pledged 787,970 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.