FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          February 14, 2008
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           Feb 13, 2008  Feb 6, 2008 Feb 14, 2007 Feb 13, 2008
Federal Reserve Banks

Reserve Bank Credit                                         858,335    -   3,367    +  11,199      867,773
 Securities held outright                                   713,372    -       7    -  65,512      713,369       
    U.S. Treasury (1)                                       713,372    -       7    -  65,512      713,369
       Bills (2)                                            200,360            0    -  76,659      200,360
       Notes and bonds, nominal (2)                         470,010            0    +   3,335      470,010
       Notes and bonds, inflation-indexed (2)                38,437            0    +   6,661       38,437
       Inflation compensation (3)                             4,565    -       7    +   1,150        4,563
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    18,357    -   3,322    -   8,679       28,000
 Term auction credit                                         60,000            0    +  60,000       60,000  
 Other loans                                                     58    -      87    +      20           39
    Primary credit                                               57    -      87    +      43           38
    Secondary credit                                              0            0            0            0
    Seasonal credit                                               1            0    -      23            1
 Float                                                       -1,026    +     236    -   1,109       -1,432
 Other Federal Reserve assets                                67,575    -     187    +  26,480       67,796
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    +     486       38,765
       
Total factors supplying reserve funds                       910,341    -   3,353    +  11,685      919,779
                                                                   
Currency in circulation(5)                                  813,859    +   2,270    +   9,255      816,056
Reverse repurchase agreements (6)                            36,406    -   1,149    -       8       38,590
   Foreign official and international accounts               36,406    -   1,149    -       8       38,590
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          275    -      11    +      77          270
Deposits with F.R.Banks, other than reserve balances         12,538    -     285    +     308       12,192       
  U.S. Treasury, general account                              5,316    -     232    +     302        4,979
  Foreign official                                               97    -       4    +       6           96
  Service-related                                             6,812            0    -      49        6,812
     Required clearing balances                               6,812            0    -      49        6,812
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         313    -      49    +      49          305
Other liabilities and capital                                41,528    -     965    +   4,322       41,358

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  904,605    -     141    +  13,953      908,466

Reserve balances with Federal Reserve Banks                   5,735    -   3,213    -   2,269       11,312
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         2,112,908    -   4,698    + 301,855    2,121,881
     U.S. Treasury                                        1,266,680    -     452    +  82,951    1,270,783
     Federal agency                                         846,229    -   4,244    + 218,905      851,098
  Securities lent to dealers                                  9,750    -   2,232    +   8,783       10,971   


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 Feb 13, 2008      Feb 6, 2008     Feb 14, 2007

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,380        -       8        +     351
Securities, repurchase agreements, term auction
      credit, and other loans                                  801,408        +  12,072        -   7,530
   Securities held outright                                    713,369        -       7        -  65,520
      U.S. Treasury (1)                                        713,369        -       7        -  65,520       
         Bills (2)                                             200,360                0        -  76,659
         Notes and bonds, nominal (2)                          470,010                0        +   3,335
         Notes and bonds, inflation-indexed (2)                 38,437                0        +   6,661
         Inflation compensation (3)                              4,563        -       7        +   1,144
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    28,000        +  12,500        -   2,000    
   Term auction credit                                          60,000                0        +  60,000
   Other loans                                                      39        -     420        -      10
Items in process of collection                      (539)        1,376        -     441        -   4,998
Bank premises                                                    2,132                0        +     173
Other assets (5)                                                65,564        +     190        +  26,096
      Total assets                                  (539)      885,097        +  11,812        +  14,092
                          
Liabilities
Federal Reserve notes, net of FR Bank holdings                 778,937        +   1,829        +   8,982
Reverse repurchase agreements (6)                               38,590        +   2,037        +   1,254
Deposits                                              (0)       23,404        +   8,710        +     764       
  Depository institutions                                       18,024        +   8,568        +     835
  U.S. Treasury, general account                                 4,979        +     138        -     123
  Foreign official                                                  96        -       2        +       6
  Other                                               (0)          305        +       5        +      46
Deferred availability cash items                    (539)        2,808        -     603        -   1,309
Other liabilities and accrued dividends (7)                      3,975        -     146        -   1,664
      Total liabilities                             (539)      847,714        +  11,827        +   8,027
                          
Capital Accounts
Capital paid in                                                 18,486        +       9        +   3,135
Surplus                                                         18,448        -       9        +   3,251
Other capital accounts                                             449        -      15        -     321
      Total capital                                             37,383        -      15        +   6,064


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 Term Auction Credit, Other Loans and Securities,  February 13, 2008
Millions of dollars
                   Term auction    Other      U.S. Treasury                        Reverse
Remaining maturity    credit       loans       securities (1)        Repurchase   repurchase
                                                          Weekly     agreements(2)agreements(2)
                                              Holdings    changes    
Within 15 days          60,000           34      53,488   -   1,173       28,000       38,590
16 days to 90 days           0            5     105,884   +   1,500            0            0
91 days to 1 year     ------              0     146,619   -     329     ------      ------
Over 1 to 5 years     ------       ------       233,087   -       2     ------      ------
Over 5 to 10 years    ------       ------        84,406   -       2     ------      ------
Over 10 years         ------       ------        89,884   -       3     ------      ------
                   		 	
All                     60,000           39     713,369   -       7       28,000       38,590

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.



4. Statement of Condition of Each Federal Reserve Bank on  February 13, 2008
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                                           1,380         45         66        105        131        162        176        155         57         54         86        149        193
Securities, repurchase agreements, term
      auction credit, and other loans        801,408     34,687    311,387     32,799     31,430     64,760     73,905     62,823     25,245     16,741     24,220     33,823     89,588
   Securities held outright                  713,369     32,876    258,309     31,560     29,193     61,808     66,163     59,835     22,800     14,233     23,092     31,343     82,156
      U.S. Treasury (1)                      713,369     32,876    258,309     31,560     29,193     61,808     66,163     59,835     22,800     14,233     23,092     31,343     82,156
         Bills (2)                           200,360      9,234     72,550      8,864      8,199     17,360     18,583     16,806      6,404      3,998      6,486      8,803     23,075
         Notes and bonds(3)                  513,009     23,642    185,759     22,696     20,994     44,448     47,580     43,030     16,396     10,236     16,607     22,540     59,081
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                28,000      1,290     10,139      1,239      1,146      2,426      2,597      2,349        895        559        906      1,230      3,225
      Term auction credit                     60,000        520     42,939          0      1,091        525      5,145        635      1,550     1,949        220      1,250      4,176     
      Other loans                                 39          1          0          1          0          1          0          4          0          0          1          0         32
Items in process of collection                 1,915        107        -39        256        268         34         95        169         39        136        173        216        461
Bank premises                                  2,132        120        214         65        152        184        229        204        114        112        274        256        208
Other assets(5)                               65,564      3,463     19,132      5,380      4,036     14,326      5,267      3,488      1,051      1,266      1,070      1,697      5,386
Interdistrict settlement account                   0    - 1,215    -19,937    + 1,225    +   237    + 2,420    + 1,841    +11,500    + 4,049    -   431    + 5,996    - 1,221    - 4,464
          Total Assets                       885,636     37,772    315,750     40,369     36,785     82,903     82,796     79,454     30,952     18,112     32,219     35,631     92,893

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  February 13, 2008
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             998,560     39,227    347,555     42,275     39,660     80,402    110,069     86,223     32,937     19,195     33,215     56,674    111,128
  Less: notes held by F.R. Banks              219,623      6,409     67,644      8,798      8,729     14,610     35,788     14,482      4,162      3,137      3,437     24,587     27,840
    Federal Reserve notes, net                778,937     32,818    279,911     33,477     30,931     65,792     74,281     71,741     28,775     16,058     29,778     32,088     83,288
Reverse repurchase agreements (1)              38,590      1,778     13,973      1,707      1,579      3,343      3,579      3,237      1,233        770      1,249      1,695      4,444
Deposits                                       23,404        680     11,448        825      1,007      2,957      1,259      2,152        319        231        394        671      1,461
  Depository institutions                      18,024        651      6,226        821      1,002      2,861      1,256      2,151        306        230        392        670      1,458
  U.S. Treasury, general account                4,979          0      4,979          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 96          2         66          4          3         11          3          2          0          1          0          1          3
  Other                                           305         27        177          0          2         85          0          0         13          0          1          0          0
Deferred availability cash items                3,347        177         60        515        449        287        321        280         64        213        231        215        535
Other liabilities and accrued                 
  dividends (2)                                 3,975        202        919        208        218        539        422        369        180        123        160        214        421
   
    Total liabilities                         848,253     35,656    306,311     36,732     34,184     72,917     79,863     77,780     30,571     17,394     31,812     34,882     90,150
                              
Capital                    
Capital paid in                                18,486      1,049      4,628      1,814      1,294      4,997      1,447        819        182        355        196        364      1,340
Surplus                                        18,448      1,049      4,624      1,813      1,291      4,988      1,425        815        180        355        194        364      1,350
Other capital                                     449         17        186          9         15          0         62         41         18          8         17         21         53
     Total liabilities and capital            885,636     37,772    315,750     40,369     36,785     82,903     82,796     79,454     30,952     18,112     32,219     35,631     92,893
                              

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
                                          Feb 13, 2008
              
Federal Reserve notes outstanding             998,560
   Less: Notes held by F.R. Banks
         not subject to collateralization     219,623
      Federal Reserve notes to be
         collateralized                       778,937 
Collateral held against Federal Reserve            
   notes                                      778,937
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              702,743
   Other assets pledged                        62,958

Memo:
Total U.S. Treasury and agency 
       securities (1)                         741,369
   Less:face value of securities under
         reverse repurchase agreements         38,627
      U.S. Treasury and agency securities
             eligible to be pledged           702,743
   

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.