FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks December 13, 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 12, 2007 Dec 5, 2007 Dec 13, 2006 Dec 12, 2007 Federal Reserve Banks Reserve Bank Credit 863,773 - 3,181 + 26,415 867,291 Securities held outright 774,728 - 4,977 - 686 774,735 U.S. Treasury (1) 774,728 - 4,977 - 686 774,735 Bills (2) 262,019 - 5,000 - 15,000 262,019 Notes and bonds, nominal (2) 470,984 0 + 6,743 470,984 Notes and bonds, inflation-indexed (2) 36,911 0 + 6,806 36,911 Inflation compensation (3) 4,814 + 23 + 764 4,821 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 45,643 - 1,214 + 23,179 47,750 Loans to depository institutions 3,047 + 2,705 + 2,819 4,547 Primary credit 3,009 + 2,700 + 2,862 4,514 Secondary credit 3 + 3 + 3 0 Seasonal credit 36 + 3 - 45 33 Float -782 - 16 - 2,310 -973 Other Federal Reserve assets 41,137 + 322 + 3,413 41,232 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,779 + 14 + 595 38,779 Total factors supplying reserve funds 915,793 - 3,167 + 27,010 919,311 Currency in circulation(5) 818,295 + 193 + 12,070 819,841 Reverse repurchase agreements (6) 37,972 + 1,936 + 9,890 37,764 Foreign official and international accounts 37,972 + 1,936 + 9,890 37,764 Dealers 0 0 0 0 Treasury cash holdings 256 - 9 + 76 247 Deposits with F.R.Banks, other than reserve balances 11,757 - 37 - 352 11,275 U.S. Treasury, general account 4,831 - 74 + 91 4,333 Foreign official 97 0 + 6 97 Service-related 6,553 + 67 - 462 6,554 Required clearing balances 6,541 + 55 - 474 6,541 Adjustments to compensate for float 13 + 13 + 13 13 Other 275 - 31 + 11 292 Other liabilities and capital 43,064 + 367 + 6,625 42,824 Total factors, other than reserve balances, absorbing reserve funds 911,343 + 2,449 + 28,309 911,951 Reserve balances with Federal Reserve Banks 4,451 - 5,615 - 1,298 7,361 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 2,040,303 + 3,566 + 310,029 2,042,499 U.S. Treasury 1,228,614 + 2,896 + 67,416 1,225,020 Federal agency 811,688 + 669 + 242,612 817,479 Securities lent to dealers 7,919 + 2,172 + 4,773 12,825 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 12, 2007 Dec 5, 2007 Dec 13, 2006 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 1,209 + 19 + 382 Securities, repurchase agreements, and loans 827,032 - 1,329 + 29,242 Securities held outright 774,735 - 4,980 - 868 U.S. Treasury (1) 774,735 - 4,980 - 868 Bills (2) 262,019 - 5,000 - 15,000 Notes and bonds, nominal (2) 470,984 0 + 6,539 Notes and bonds, inflation-indexed (2) 36,911 0 + 6,806 Inflation compensation (3) 4,821 + 20 + 786 Federal agency (2) 0 0 0 Repurchase agreements (4) 47,750 + 1,250 + 26,500 Loans 4,547 + 2,401 + 3,611 Items in process of collection (686) 2,413 - 32 - 5,172 Bank premises 2,120 + 2 + 199 Other assets (5) 39,087 + 273 + 2,643 Total assets (686) 885,097 - 1,068 + 27,293 Liabilities Federal Reserve notes net of FR Bank holdings 782,513 + 574 + 11,218 Reverse repurchase agreements (6) 37,764 + 1,114 + 9,462 Deposits (0) 18,611 - 2,895 + 1,402 Depository institutions 13,889 - 2,092 + 1,531 U.S. Treasury, general account 4,333 - 746 - 167 Foreign official 97 + 1 + 6 Other (0) 292 - 58 + 32 Deferred availability cash items (686) 3,385 + 25 - 1,494 Other liabilities and accrued dividends (7) 5,947 - 49 - 64 Total liabilities (686) 848,220 - 1,231 + 20,524 Capital Accounts Capital paid in 18,282 + 95 + 2,968 Surplus 15,461 0 + 4,907 Other capital accounts 3,133 + 67 - 1,107 Total capital 36,877 + 163 + 6,769 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 12, 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 22 46,111 - 3,633 0 0 39,750 37,764 16 days to 90 days 4,525 162,696 - 2,043 0 0 8,000 0 91 days to 1 year 0 160,488 + 677 0 0 ------ ------ Over 1 to 5 years ------ 234,709 + 8 0 0 ------ ------ Over 5 to 10 years ------ 81,938 + 3 0 0 ------ ------ Over 10 years ------ 88,793 + 8 0 0 ------ ------ All 4,547 774,735 - 4,980 0 0 47,750 37,764 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 12, 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 1,209 40 59 90 112 140 159 138 54 45 75 132 164 Securities, repurchase agreements, and loans 827,032 37,907 302,333 36,391 33,659 71,262 76,284 68,991 26,287 16,418 26,637 36,140 94,723 Securities held outright 774,735 35,704 280,529 34,275 31,705 67,125 71,855 64,982 24,761 15,458 25,079 34,039 89,223 U.S. Treasury (1) 774,735 35,704 280,529 34,275 31,705 67,125 71,855 64,982 24,761 15,458 25,079 34,039 89,223 Bills (2) 262,019 12,075 94,876 11,592 10,723 22,702 24,302 21,977 8,374 5,228 8,482 11,512 30,176 Notes and bonds(3) 512,716 23,629 185,653 22,683 20,982 44,423 47,553 43,005 16,387 10,230 16,597 22,527 59,048 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 47,750 2,201 17,290 2,112 1,954 4,137 4,429 4,005 1,526 953 1,546 2,098 5,499 Loans 4,547 2 4,514 4 0 0 0 4 0 8 13 3 1 Items in process of collection 3,099 114 94 513 408 394 188 160 66 141 273 152 597 Bank premises 2,120 119 215 64 154 181 230 204 109 113 264 257 212 Other assets(5) 39,087 1,277 12,001 3,406 2,272 7,533 3,338 2,508 751 725 757 984 3,533 Interdistrict settlement account 0 - 2,380 - 2,121 - 579 - 165 + 4,508 - 4,254 + 4,016 + 3,803 + 726 + 4,086 - 2,541 - 5,098 Total Assets 885,783 37,641 317,508 40,422 36,972 85,034 77,227 77,133 31,466 18,401 32,493 35,834 95,651 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 12, 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 1,009,868 39,286 357,805 41,972 39,372 81,871 106,378 85,130 33,171 19,388 33,638 58,021 113,837 Less: notes held by F.R. Banks 227,355 6,204 73,990 8,218 7,972 14,281 37,644 14,849 3,949 3,079 3,579 25,693 27,896 Federal Reserve notes, net 782,513 33,082 283,814 33,755 31,400 67,590 68,734 70,281 29,222 16,309 30,059 32,328 85,940 Reverse repurchase agreements (1) 37,764 1,740 13,674 1,671 1,545 3,272 3,503 3,168 1,207 753 1,222 1,659 4,349 Deposits 18,611 444 8,853 454 825 2,840 1,218 1,050 336 227 386 618 1,359 Depository institutions 13,889 416 4,269 450 821 2,765 1,215 1,047 324 226 384 618 1,355 U.S. Treasury, general account 4,333 0 4,333 0 0 0 0 0 0 0 0 0 0 Foreign official 97 1 66 5 3 11 3 2 0 1 0 1 3 Other 292 28 186 0 1 64 0 0 12 0 1 0 0 Deferred availability cash items 4,071 196 144 609 594 328 360 360 108 235 229 206 701 Other liabilities and accrued dividends (2) 5,947 262 1,716 287 277 992 553 464 214 157 194 272 557 Total liabilities 848,906 35,725 308,202 36,776 34,642 75,022 74,368 75,323 31,086 17,682 32,090 35,083 92,907 Capital Capital paid in 18,282 1,049 4,538 1,813 1,154 4,996 1,411 880 180 354 190 362 1,353 Surplus 15,461 396 3,845 1,811 1,088 4,099 1,279 861 167 276 176 214 1,248 Other capital 3,133 471 923 21 88 917 169 69 33 89 36 174 143 Total liabilities and capital 885,783 37,641 317,508 40,422 36,972 85,034 77,227 77,133 31,466 18,401 32,493 35,834 95,651 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 12, 2007 Federal Reserve notes outstanding 1,009,868 Less: Notes held by F.R. Banks not subject to collateralization 227,355 Federal Reserve Notes to be collateralized 782,513 Collateral held against Federal Reserve notes 782,513 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 769,277 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 822,485 Less:face value of securities under reverse repurchase agreements 37,812 U.S. Treasury and agency securities eligible to be pledged 784,673 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.