FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks December 6, 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 Dec 5, 2007 Nov 28, 2007 Dec 6, 2006 Dec 5, 2007 Federal Reserve Banks Reserve Bank Credit 866,962 - 2,658 + 24,652 868,380 Securities held outright 779,705 + 22 + 6,337 779,715 U.S. Treasury (1) 779,705 + 22 + 6,337 779,715 Bills (2) 267,019 0 - 10,000 267,019 Notes and bonds, nominal (2) 470,984 0 + 8,831 470,984 Notes and bonds, inflation-indexed (2) 36,911 0 + 6,806 36,911 Inflation compensation (3) 4,791 + 21 + 699 4,801 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 46,857 - 2,393 + 17,178 46,500 Loans to depository institutions 342 + 287 + 159 2,146 Primary credit 309 + 302 + 208 2,108 Secondary credit 0 0 0 0 Seasonal credit 33 - 15 - 49 38 Float -759 - 191 - 1,937 -915 Other Federal Reserve assets 40,817 - 383 + 2,914 40,934 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,765 + 14 + 588 38,765 Total factors supplying reserve funds 918,968 - 2,644 + 25,240 920,386 Currency in circulation(5) 818,102 - 3,890 + 12,499 819,261 Reverse repurchase agreements (6) 36,036 + 890 + 6,835 36,650 Foreign official and international accounts 36,036 + 890 + 6,835 36,650 Dealers 0 0 0 0 Treasury cash holdings 265 - 2 + 99 257 Deposits with F.R.Banks, other than reserve balances 11,794 - 277 - 507 12,011 U.S. Treasury, general account 4,905 - 271 - 155 5,079 Foreign official 97 0 + 6 96 Service-related 6,486 - 1 - 346 6,486 Required clearing balances 6,486 - 1 - 346 6,486 Adjustments to compensate for float 0 0 0 0 Other 306 - 5 - 13 350 Other liabilities and capital 42,697 - 551 + 6,359 42,710 Total factors, other than reserve balances, absorbing reserve funds 908,894 - 3,830 + 25,285 910,890 Reserve balances with Federal Reserve Banks 10,074 + 1,187 - 45 9,497 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 2,036,737 + 5,262 + 324,168 2,033,518 U.S. Treasury 1,225,718 + 425 + 77,192 1,225,176 Federal agency 811,019 + 4,838 + 246,976 808,342 Securities lent to dealers 5,747 - 2,259 + 3,715 4,486 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 Dec 5, 2007 Nov 28, 2007 Dec 6, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,190 + 25 + 376 Securities, repurchase agreements, and loans 828,361 + 2,614 + 21,880 Securities held outright 779,715 + 22 + 5,500 U.S. Treasury (1) 779,715 + 22 + 5,500 Bills (2) 267,019 0 - 10,000 Notes and bonds, nominal (2) 470,984 0 + 7,969 Notes and bonds, inflation-indexed (2) 36,911 0 + 6,806 Inflation compensation (3) 4,801 + 22 + 724 Federal agency (2) 0 0 0 Repurchase agreements (4) 46,500 + 500 + 14,500 Loans 2,146 + 2,092 + 1,880 Items in process of collection (700) 2,445 + 882 - 4,982 Bank premises 2,118 + 4 + 195 Other assets (5) 38,814 - 210 + 2,556 Total assets (700) 886,165 + 3,317 + 20,025 Liabilities Federal Reserve notes net of FR Bank holdings 781,939 - 1,736 + 12,282 Reverse repurchase agreements (6) 36,650 + 2,378 + 7,611 Deposits (0) 21,506 + 1,930 - 4,953 Depository institutions 15,981 + 1,504 - 5,594 U.S. Treasury, general account 5,079 + 368 + 556 Foreign official 96 - 1 + 2 Other (0) 350 + 59 + 83 Deferred availability cash items (700) 3,360 + 482 - 1,472 Other liabilities and accrued dividends (7) 5,996 + 92 + 28 Total liabilities (700) 849,451 + 3,146 + 13,497 Capital Accounts Capital paid in 18,187 - 91 + 2,879 Surplus 15,461 + 4 + 4,907 Other capital accounts 3,066 + 257 - 1,257 Total capital 36,714 + 171 + 6,529 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, December 5, 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 113 49,744 - 8,456 0 0 38,500 36,650 16 days to 90 days 2,033 164,739 + 5,933 0 0 8,000 0 91 days to 1 year 0 159,811 - 635 0 0 ------ ------ Over 1 to 5 years ------ 234,701 + 3,167 0 0 ------ ------ Over 5 to 10 years ------ 81,935 + 4 0 0 ------ ------ Over 10 years ------ 88,785 + 9 0 0 ------ ------ All 2,146 779,715 + 22 0 0 46,500 36,650 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 December 5, 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 1,190 40 59 88 115 131 155 139 52 44 74 131 162 Securities, repurchase agreements, and loans 828,361 38,080 301,270 36,559 33,811 71,585 76,630 69,307 26,407 16,491 26,762 36,305 95,155 Securities held outright 779,715 35,934 282,333 34,495 31,908 67,556 72,317 65,400 24,920 15,557 25,240 34,258 89,797 U.S. Treasury (1) 779,715 35,934 282,333 34,495 31,908 67,556 72,317 65,400 24,920 15,557 25,240 34,258 89,797 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) 512,696 23,628 185,646 22,682 20,981 44,421 47,551 43,003 16,386 10,229 16,596 22,526 59,045 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 46,500 2,143 16,838 2,057 1,903 4,029 4,313 3,900 1,486 928 1,505 2,043 5,355 Loans 2,146 3 2,100 7 0 0 0 7 0 6 17 4 3 Items in process of collection 3,145 136 64 152 263 119 629 128 69 203 341 305 737 Bank premises 2,118 119 215 63 153 181 230 204 108 113 264 257 212 Other assets(5) 38,814 1,261 11,852 3,483 2,262 7,517 3,292 2,479 734 722 747 966 3,498 Interdistrict settlement account 0 - 2,715 + 3,196 - 757 - 367 + 4,672 - 3,910 + 1,074 + 3,387 - 15 + 3,656 - 2,897 - 5,324 Total Assets 886,865 37,485 321,583 40,125 36,769 85,221 78,309 74,445 31,154 17,792 32,244 35,778 95,958 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 December 5, 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 1,005,311 39,212 358,532 41,434 38,890 81,529 107,259 82,373 32,970 18,651 33,259 57,862 113,340 Less: notes held by F.R. Banks 223,372 6,228 71,374 7,974 7,685 14,076 37,644 14,808 3,982 2,964 3,483 25,601 27,553 Federal Reserve notes, net 781,939 32,983 287,158 33,460 31,205 67,453 69,615 67,566 28,989 15,686 29,776 32,260 85,787 Reverse repurchase agreements (1) 36,650 1,689 13,271 1,621 1,500 3,175 3,399 3,074 1,171 731 1,186 1,610 4,221 Deposits 21,506 510 10,034 559 938 3,221 1,454 1,204 309 248 411 667 1,951 Depository institutions 15,981 482 4,658 554 934 3,135 1,442 1,202 296 247 417 666 1,947 U.S. Treasury, general account 5,079 0 5,079 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 350 27 232 0 0 76 8 0 12 0 -7 0 0 Deferred availability cash items 4,060 217 108 564 528 304 437 326 90 252 269 221 744 Other liabilities and accrued dividends (2) 5,996 265 1,732 284 275 985 593 465 215 157 201 270 553 Total liabilities 850,151 35,665 312,304 36,488 34,446 75,138 75,498 72,635 30,775 17,075 31,844 35,029 93,255 Capital Capital paid in 18,187 985 4,538 1,813 1,154 4,995 1,411 880 180 354 190 362 1,323 Surplus 15,461 396 3,845 1,811 1,088 4,099 1,279 861 167 276 176 214 1,248 Other capital 3,066 440 897 12 81 989 121 69 32 87 34 172 132 Total liabilities and capital 886,865 37,485 321,583 40,125 36,769 85,221 78,309 74,445 31,154 17,792 32,244 35,778 95,958 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 Dec 5, 2007 Federal Reserve notes outstanding 1,005,311 Less: Notes held by F.R. Banks not subject to collateralization 223,372 Federal Reserve Notes to be collateralized 781,939 Collateral held against Federal Reserve notes 781,939 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 768,702 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 826,215 Less:face value of securities under reverse repurchase agreements 36,701 U.S. Treasury and agency securities eligible to be pledged 789,514 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.