FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              June 21, 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           Jun 20, 2007 Jun 13, 2007 Jun 21, 2006 Jun 20, 2007
Federal Reserve Banks

Reserve Bank Credit                                         852,284    +   2,304    +  26,414      851,426
 Securities held outright                                   790,417    +      58    +  24,139      790,439       
    U.S. Treasury (1)                                       790,417    +      58    +  24,139      790,439
       Bills (2)                                            277,019            0    +   1,649      277,019
       Notes and bonds, nominal (2)                         474,672            0    +  10,092      474,672
       Notes and bonds, inflation-indexed (2)                34,459            0    +  11,813       34,459
       Inflation compensation (3)                             4,267    +      58    +     585        4,289
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    22,679    +   1,608    +   4,108       21,000
 Loans to depository institutions                               283    +     137    +      15          933
    Primary credit                                              132    +     106    +     116          771
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             151    +      31    -     101          162
 Float                                                         -573    +     267    -   1,389         -635
 Other Federal Reserve assets                                39,478    +     234    -     458       39,689
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,525    +      14    +     539       38,525
       
Total factors supplying reserve funds                       904,050    +   2,317    +  26,953      903,192
                                                                   
Currency in circulation(5)                                  810,274    -   1,185    +  17,229      810,942
Reverse repurchase agreements (6)                            31,721    -     594    +   5,202       30,443
   Foreign official and international accounts               31,721    -     594    +   5,202       30,443
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          301    +       5    +      97          292
Deposits with F.R.Banks, other than reserve balances         12,373    +     492    -     286       12,923       
  U.S. Treasury, general account                              5,475    +     517    +     468        6,022
  Foreign official                                               96    -      13    +       3           96
  Service-related                                             6,583            0    -     734        6,583
     Required clearing balances                               6,583            0    -     734        6,583
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         220    -      11    -      22          222
Other liabilities and capital                                39,341    -     110    +   4,400       39,153

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  894,011    -   1,391    +  26,644      893,751

Reserve balances with Federal Reserve Banks                  10,039    +   3,708    +     309        9,441
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,967,018    +  11,699    + 329,573    1,971,902
     U.S. Treasury                                        1,230,950    +   4,283    + 105,446    1,230,342
     Federal agency                                         736,069    +   7,417    + 224,128      741,560
  Securities lent to dealers                                  4,718    +   1,131    +   2,845        2,939   


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 Jun 20, 2007     Jun 13, 2007     Jun 21, 2006

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               932        +      18        +     203
Securities, repurchase agreements, and loans                   812,372        -     151        +  23,554
   Securities held outright                                    790,439        +      59        +  24,142
      U.S. Treasury (1)                                        790,439        +      59        +  24,142       
         Bills (2)                                             277,019                0        +   1,649
         Notes and bonds, nominal (2)                          474,672                0        +  10,092
         Notes and bonds, inflation-indexed (2)                 34,459                0        +  11,813
         Inflation compensation (3)                              4,289        +      58        +     588
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    21,000        -   1,000        -   1,250    
   Loans                                                           933        +     791        +     662
Items in process of collection                    (1,010)        3,514        +     818        -   1,916
Bank premises                                                    2,036        +       8        +     182
Other assets (5)                                                37,767        +     415        -     383
      Total assets                                (1,010)      869,859        +   1,110        +  21,642
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  773,636        -   1,334        +  16,701
Reverse repurchase agreements (6)                               30,443        -   1,136        +   4,766
Deposits                                              (0)       22,478        +   3,325        -   2,882       
  Depository institutions                                       16,138        +   2,048        -   3,513
  U.S. Treasury, general account                                 6,022        +   1,280        +     637
  Foreign official                                                  96        +       1        +       9
  Other                                               (0)          222        -       4        -      16
Deferred availability cash items                  (1,010)        4,150        -      60        -   1,282
Other liabilities and accrued dividends (7)                      6,042        -       4        +     940
      Total liabilities                           (1,010)      836,748        +     790        +  18,240
                          
Capital Accounts
Capital paid in                                                 16,106        +       9        +   1,140
Surplus                                                         15,387        +      16        +   2,486
Other capital accounts                                           1,617        +     294        -     226
      Total capital                                             33,110        +     319        +   3,400


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,      June 20, 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             933       66,144   +   5,138            0           0       21,000       30,443
16 days to 90 days           0      168,821   -   5,101            0           0            0            0
91 days to 1 year            0      165,288   -      34            0           0     ------      ------
Over 1 to 5 years     ------        233,355   +      17            0           0     ------      ------
Over 5 to 10 years    ------         74,541   +      15            0           0     ------      ------
Over 10 years         ------         82,289   +      22            0           0     ------      ------
                   		 	
All                        933      790,439   +      59            0           0       21,000      30,443

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      June 20, 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                                             932         29         51         59         90         92        121        111         41         37         72         93        136
Securities, repurchase agreements,
      and loans                              812,372     37,401    294,260     35,898     33,247     70,480     75,263     68,100     25,974     16,228     26,292     35,660     93,570
   Securities held outright                  790,439     36,428    286,216     34,969     32,347     68,485     73,311     66,299     25,263     15,771     25,587     34,729     91,032
      U.S. Treasury (1)                      790,439     36,428    286,216     34,969     32,347     68,485     73,311     66,299     25,263     15,771     25,587     34,729     91,032
         Bills (2)                           277,019     12,767    100,308     12,255     11,336     24,001     25,693     23,235      8,854      5,527      8,967     12,171     31,903
         Notes and bonds(3)                  513,420     23,661    185,908     22,714     21,011     44,484     47,619     43,064     16,409     10,244     16,620     22,558     59,129
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                21,000        968      7,604        929        859      1,819      1,948      1,761        671        419        680        923      2,418
      Loans                                      933          5        440          0         40        175          4         39         40         38         25          8        120
Items in process of collection                 4,524        378        136        640        566        208        522        362        149        176        315        227        843
Bank premises                                  2,036        118        214         57        156        173        232        208         94        115        213        261        198
Other assets(5)                               37,767      1,267     11,772      3,184      2,160      7,017      3,208      2,465        755        711        758      1,002      3,469
Interdistrict settlement account                   0    - 3,310    +   865    -   672    - 3,499    -   263    + 5,420    +   635    +   166    -   515    + 1,017    +   905    -   750
          Total Assets                       870,868     36,447    312,224     39,704     33,253     78,723     86,048     72,996     27,576     16,986     29,067     38,859     98,986

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      June 20, 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             976,167     37,744    345,359     40,251     36,662     79,775    107,921     80,370     29,262     17,284     30,418     57,851    113,271
  Less: notes held by F.R. Banks              202,531      5,033     64,862      7,139      9,003     14,481     30,225     14,076      3,723      2,673      3,790     22,303     25,223
    Federal Reserve notes, net                773,636     32,711    280,497     33,112     27,659     65,294     77,696     66,294     25,539     14,610     26,628     35,548     88,048
Reverse repurchase agreements (1)              30,443      1,403     11,023      1,347      1,246      2,638      2,823      2,553        973        607        985      1,338      3,506
Deposits                                       22,478        760      9,822        588      1,101      1,487      1,588      1,498        349        587        437        811      3,451
  Depository institutions                      16,138        753      3,575        582      1,097      1,426      1,585      1,495        346        586        435        810      3,448
  U.S. Treasury, general account                6,022          0      6,022          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                                           222          7        158          1          1         50          0          0          3          0          1          0          0
Deferred availability cash items                5,159        471        161        697        719        371        498        323        130        365        417        295        713
Other liabilities and accrued                 
  dividends (2)                                 6,042        262      1,860        303        291        824        569        490        216        159        200        280        588
   
    Total liabilities                         837,758     35,607    303,363     36,047     31,016     70,614     83,174     71,158     27,207     16,328     28,667     38,271     96,306
                              
Capital                    
Capital paid in                                16,106        404      4,292      1,809      1,101      3,959      1,401        887        172        321        188        278      1,294
Surplus                                        15,387        396      3,782      1,810      1,087      4,096      1,277        859        166        276        176        213      1,247
Other capital                                   1,617         40        787         38         48         55        196         92         30         60         35         96        139
     Total liabilities and capital            870,868     36,447    312,224     39,704     33,253     78,723     86,048     72,996     27,576     16,986     29,067     38,859     98,986
                              

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
                                          Jun 20, 2007
              
Federal Reserve notes outstanding             976,167
   Less: Notes held by F.R. Banks
         not subject to collateralization     202,531
      Federal Reserve Notes to be
         collateralized                       773,636 
Collateral held against Federal Reserve            
   notes                                      773,636
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              760,399
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         811,439
   Less:face value of securities under
         reverse repurchase agreements         30,482
      U.S. Treasury and agency securities
             eligible to be pledged           780,957
   

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.