FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 1, 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 31, 2007 Oct 24, 2007 Nov 1, 2006 Oct 31, 2007 Federal Reserve Banks Reserve Bank Credit 862,696 + 3,851 + 29,259 869,405 Securities held outright 779,568 - 12 + 10,917 779,586 U.S. Treasury (1) 779,568 - 12 + 10,917 779,586 Bills (2) 267,019 0 - 10,000 267,019 Notes and bonds, nominal (2) 471,977 - 165 + 12,580 470,984 Notes and bonds, inflation-indexed (2) 35,918 + 165 + 7,865 36,911 Inflation compensation (3) 4,654 - 13 + 472 4,672 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 41,250 + 3,536 + 18,821 48,500 Loans to depository institutions 283 - 11 + 111 92 Primary credit 190 + 48 + 169 10 Secondary credit 0 - 57 0 0 Seasonal credit 93 - 2 - 59 82 Float -728 - 238 - 1,961 -745 Other Federal Reserve assets 42,323 + 576 + 1,370 41,972 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,695 + 14 + 562 38,695 Total factors supplying reserve funds 914,632 + 3,865 + 29,821 921,341 Currency in circulation(5) 813,082 + 271 + 18,345 815,303 Reverse repurchase agreements (6) 38,131 + 1,405 + 6,173 38,055 Foreign official and international accounts 38,131 + 1,405 + 6,173 38,055 Dealers 0 0 0 0 Treasury cash holdings 308 - 14 + 127 301 Deposits with F.R.Banks, other than reserve balances 12,005 - 27 - 300 11,780 U.S. Treasury, general account 4,950 - 96 - 32 4,307 Foreign official 169 + 70 + 80 601 Service-related 6,585 + 7 - 348 6,585 Required clearing balances 6,585 + 7 - 348 6,585 Adjustments to compensate for float 0 0 0 0 Other 301 - 8 + 1 287 Other liabilities and capital 42,181 + 241 + 5,493 41,849 Total factors, other than reserve balances, absorbing reserve funds 905,708 + 1,877 + 29,839 907,288 Reserve balances with Federal Reserve Banks 8,924 + 1,988 - 18 14,053 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 2,032,260 + 1,651 + 338,302 2,027,987 U.S. Treasury 1,231,478 - 2,610 + 86,004 1,230,603 Federal agency 800,782 + 4,261 + 252,297 797,384 Securities lent to dealers 8,098 + 1,649 + 7,038 10,448 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 31, 2007 Oct 24, 2007 Nov 1, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,251 + 35 + 417 Securities, repurchase agreements, and loans 828,178 + 2,101 + 33,064 Securities held outright 779,586 + 12 + 9,668 U.S. Treasury (1) 779,586 + 12 + 9,668 Bills (2) 267,019 0 - 10,000 Notes and bonds, nominal (2) 470,984 - 1,158 + 11,919 Notes and bonds, inflation-indexed (2) 36,911 + 1,158 + 7,300 Inflation compensation (3) 4,672 + 11 + 449 Federal agency (2) 0 0 0 Repurchase agreements (4) 48,500 + 2,500 + 23,500 Loans 92 - 410 - 105 Items in process of collection (660) 2,210 - 144 - 7,405 Bank premises 2,118 + 12 + 206 Other assets (5) 39,936 - 49 + 1,100 Total assets (660) 886,929 + 1,956 + 27,381 Liabilities Federal Reserve notes net of FR Bank holdings 778,155 + 1,454 + 18,066 Reverse repurchase agreements (6) 38,055 + 627 + 6,869 Deposits (0) 25,915 - 328 - 1,277 Depository institutions 20,720 - 387 - 1,051 U.S. Treasury, general account 4,307 - 430 - 700 Foreign official 601 + 502 + 510 Other (0) 287 - 13 - 36 Deferred availability cash items (660) 2,955 - 34 - 1,865 Other liabilities and accrued dividends (7) 5,724 - 210 + 163 Total liabilities (660) 850,803 + 1,507 + 21,954 Capital Accounts Capital paid in 17,947 + 191 + 2,834 Surplus 15,455 + 17 + 2,554 Other capital accounts 2,724 + 240 + 38 Total capital 36,126 + 448 + 5,426 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 31, 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 72 61,096 + 3,518 0 0 48,500 38,055 16 days to 90 days 20 148,087 - 9,908 0 0 0 0 91 days to 1 year 0 164,893 - 1,136 0 0 ------ ------ Over 1 to 5 years ------ 243,868 + 7,549 0 0 ------ ------ Over 5 to 10 years ------ 75,475 - 3 0 0 ------ ------ Over 10 years ------ 86,167 - 7 0 0 ------ ------ All 92 779,586 + 12 0 0 48,500 38,055 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 31, 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 1,251 43 70 89 114 134 172 140 50 45 81 133 179 Securities, repurchase agreements, and loans 828,178 38,163 299,848 36,650 33,888 71,747 76,803 69,479 26,467 16,549 26,824 36,390 95,369 Securities held outright 779,586 35,928 282,286 34,489 31,903 67,545 72,305 65,389 24,916 15,554 25,236 34,252 89,782 U.S. Treasury (1) 779,586 35,928 282,286 34,489 31,903 67,545 72,305 65,389 24,916 15,554 25,236 34,252 89,782 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) 512,567 23,622 185,599 22,676 20,976 44,410 47,539 42,992 16,382 10,227 16,592 22,520 59,030 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 48,500 2,235 17,562 2,146 1,985 4,202 4,498 4,068 1,550 968 1,570 2,131 5,586 Loans 92 0 0 15 0 0 0 22 1 27 18 7 2 Items in process of collection 2,869 74 60 340 313 169 270 222 55 184 389 144 651 Bank premises 2,118 119 216 63 154 180 230 206 110 113 259 258 213 Other assets(5) 39,936 1,335 12,348 3,378 2,304 7,520 3,408 2,598 807 750 798 1,040 3,650 Interdistrict settlement account 0 - 3,656 +12,998 - 1,269 - 2,078 + 3,420 - 66 - 788 + 2,344 - 1,523 + 320 - 3,760 - 5,943 Total Assets 887,589 36,642 330,466 39,789 35,226 84,186 82,099 72,972 30,230 16,351 29,072 34,915 95,639 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 31, 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 1,001,409 38,044 361,638 40,813 38,505 81,610 111,073 80,321 31,931 17,130 30,315 57,251 112,778 Less: notes held by F.R. Banks 223,253 6,234 70,029 7,954 8,581 14,906 37,378 14,398 3,961 3,126 3,802 25,777 27,108 Federal Reserve notes, net 778,155 31,810 291,609 32,859 29,925 66,704 73,695 65,923 27,970 14,004 26,513 31,474 85,670 Reverse repurchase agreements (1) 38,055 1,754 13,780 1,684 1,557 3,297 3,529 3,192 1,216 759 1,232 1,672 4,383 Deposits 25,915 980 14,377 766 831 2,911 1,206 1,171 369 454 468 667 1,717 Depository institutions 20,720 975 9,325 761 789 2,796 1,241 1,169 366 453 466 666 1,713 U.S. Treasury, general account 4,307 0 4,307 0 0 0 0 0 0 0 0 0 0 Foreign official 601 1 571 5 3 11 3 2 0 1 0 1 3 Other 287 4 174 0 39 103 -38 0 3 0 1 0 0 Deferred availability cash items 3,614 178 97 533 433 330 360 301 74 254 253 199 601 Other liabilities and accrued dividends (2) 5,724 267 1,790 281 272 677 549 473 224 155 205 271 559 Total liabilities 851,463 34,989 321,653 36,123 33,018 73,918 79,340 71,060 29,853 15,626 28,671 34,283 92,929 Capital Capital paid in 17,947 981 4,295 1,813 1,089 5,093 1,410 927 179 354 190 302 1,312 Surplus 15,455 396 3,842 1,811 1,087 4,099 1,278 861 167 276 176 214 1,248 Other capital 2,724 276 675 42 32 1,076 71 123 31 96 36 116 150 Total liabilities and capital 887,589 36,642 330,466 39,789 35,226 84,186 82,099 72,972 30,230 16,351 29,072 34,915 95,639 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 31, 2007 Federal Reserve notes outstanding 1,001,409 Less: Notes held by F.R. Banks not subject to collateralization 223,253 Federal Reserve Notes to be collateralized 778,155 Collateral held against Federal Reserve notes 778,155 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 764,919 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 828,086 Less:face value of securities under reverse repurchase agreements 38,345 U.S. Treasury and agency securities eligible to be pledged 789,740 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.