FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              June 28, 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 27, 2007 Jun 20, 2007 Jun 28, 2006 Jun 27, 2007
Federal Reserve Banks

Reserve Bank Credit                                         847,621    -   4,677    +  22,663      850,765
 Securities held outright                                   790,476    +      59    +  24,146      790,497       
    U.S. Treasury (1)                                       790,476    +      59    +  24,146      790,497
       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)                             4,326    +      59    +     592        4,347
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    17,786    -   4,893    -     643       20,000
 Loans to depository institutions                               179    -     104    -     114          187
    Primary credit                                                5    -     127    -      11            5
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             174    +      23    -     103          182
 Float                                                         -825    -     267    -     198         -152
 Other Federal Reserve assets                                40,006    +     529    -     527       40,233
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,526    +      14    +     538       38,526
       
Total factors supplying reserve funds                       899,388    -   4,663    +  23,201      902,532
                                                                   
Currency in circulation(5)                                  809,754    -     507    +  16,877      812,339
Reverse repurchase agreements (6)                            30,828    -     893    +   3,786       30,134
   Foreign official and international accounts               30,828    -     893    +   3,786       30,134
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          294    -       7    +     101          306
Deposits with F.R.Banks, other than reserve balances         11,655    -     718    -     757       10,748       
  U.S. Treasury, general account                              4,923    -     552    -       1        4,039
  Foreign official                                               99    +       3    +      12           97
  Service-related                                             6,394    -     189    -     772        6,394
     Required clearing balances                               6,394    -     189    -     772        6,394
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         238    +      18    +       3          218
Other liabilities and capital                                39,655    +     314    +   4,577       39,276

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  892,185    -   1,813    +  24,583      892,803

Reserve balances with Federal Reserve Banks                   7,203    -   2,850    -   1,382        9,730
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,975,209    +   8,191    + 336,934    1,975,604
     U.S. Treasury                                        1,231,611    +     661    + 111,025    1,234,509
     Federal agency                                         743,597    +   7,528    + 225,908      741,095
  Securities lent to dealers                                  3,329    -   1,389    +     989        2,566   


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 27, 2007     Jun 20, 2007     Jun 28, 2006

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               938        +       6        +     218
Securities, repurchase agreements, and loans                   810,684        -   1,688        +  21,535
   Securities held outright                                    790,497        +      58        +  24,148
      U.S. Treasury (1)                                        790,497        +      58        +  24,148       
         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)                              4,347        +      58        +     594
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    20,000        -   1,000        -   2,500    
   Loans                                                           187        -     746        -     113
Items in process of collection                      (843)        3,686        +     172        -     938
Bank premises                                                    2,039        +       3        +     184
Other assets (5)                                                38,291        +     524        -      23
      Total assets                                  (843)      868,875        -     984        +  20,977
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  775,052        +   1,416        +  16,731
Reverse repurchase agreements (6)                               30,134        -     309        -     266
Deposits                                              (0)       20,574        -   1,904        +   1,135       
  Depository institutions                                       16,221        +      83        +   1,982
  U.S. Treasury, general account                                 4,039        -   1,983        -     840
  Foreign official                                                  97        +       1        +       7
  Other                                               (0)          218        -       4        -      13
Deferred availability cash items                    (843)        3,838        -     312        -   1,259
Other liabilities and accrued dividends (7)                      6,131        +      89        +     952
      Total liabilities                             (843)      835,730        -   1,018        +  17,294
                          
Capital Accounts
Capital paid in                                                 16,111        +       5        +   1,143
Surplus                                                         15,398        +      11        +   2,497
Other capital accounts                                           1,636        +      19        +      43
      Total capital                                             33,145        +      35        +   3,683


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 27, 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             185       64,425   -   1,719            0           0       20,000       30,134
16 days to 90 days           2      170,256   +   1,435            0           0            0            0
91 days to 1 year            0      165,576   +     288            0           0     ------      ------
Over 1 to 5 years     ------        233,373   +      18            0           0     ------      ------
Over 5 to 10 years    ------         74,556   +      15            0           0     ------      ------
Over 10 years         ------         82,312   +      23            0           0     ------      ------
                   		 	
All                        187      790,497   +      58            0           0       20,000      30,134

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 27, 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                                             938         26         49         63         95         90        122        112         45         37         75         95        128
Securities, repurchase agreements,
      and loans                              810,684     37,356    293,479     35,857     33,168     70,223     75,176     68,030     25,946     16,223     26,261     35,619     93,347
   Securities held outright                  790,497     36,431    286,237     34,972     32,350     68,490     73,317     66,304     25,265     15,772     25,589     34,732     91,038
      U.S. Treasury (1)                      790,497     36,431    286,237     34,972     32,350     68,490     73,317     66,304     25,265     15,772     25,589     34,732     91,038
         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)                  513,478     23,664    185,929     22,716     21,013     44,489     47,624     43,069     16,411     10,245     16,622     22,560     59,135
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                20,000        922      7,242        885        818      1,733      1,855      1,678        639        399        647        879      2,303
      Loans                                      187          3          1          0          0          0          4         48         42         51         25          8          5
Items in process of collection                 4,530        156         88        552        720        251        540        308        190        283        345        274        822
Bank premises                                  2,039        118        216         57        156        173        231        208         94        115        213        261        198
Other assets(5)                               38,291      1,291     11,961      3,185      2,189      7,067      3,271      2,509        770        723        773      1,024      3,528
Interdistrict settlement account                   0    - 3,232    + 1,386    -   450    - 3,600    +   139    + 6,271    + 1,327    +   156    - 1,063    + 1,033    -    97    - 1,869
          Total Assets                       869,718     36,279    312,106     39,801     33,261     78,961     86,893     73,609     27,597     16,551     29,101     37,886     97,674

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 27, 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             978,521     37,685    346,815     40,270     36,816     80,016    107,963     80,671     29,218     17,272     30,381     57,743    113,670
  Less: notes held by F.R. Banks              203,469      4,986     65,974      7,168      9,033     14,598     29,505     13,980      3,597      2,690      3,681     22,925     25,332
    Federal Reserve notes, net                775,052     32,699    280,841     33,102     27,783     65,418     78,458     66,691     25,621     14,582     26,700     34,818     88,338
Reverse repurchase agreements (1)              30,134      1,389     10,911      1,333      1,233      2,611      2,795      2,528        963        601        975      1,324      3,470
Deposits                                       20,574        784      9,496        717      1,034      1,640      1,621      1,750        299        233        486        602      1,913
  Depository institutions                      16,221        776      5,223        711      1,030      1,590      1,618      1,747        297        232        484        601      1,910
  U.S. Treasury, general account                4,039          0      4,039          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 97          1         67          5          3         11          3          2          0          1          0          1          3
  Other                                           218          6        167          1          1         39          0          0          1          0          1          0          0
Deferred availability cash items                4,682        301        116        682        680        320        534        310        129        317        339        273        682
Other liabilities and accrued                 
  dividends (2)                                 6,131        264      1,870        306        291        850        609        490        217        160        200        283        592
   
    Total liabilities                         836,574     35,436    303,235     36,141     31,022     70,838     84,017     71,768     27,228     15,893     28,700     37,300     94,995
                              
Capital                    
Capital paid in                                16,111        404      4,292      1,809      1,101      3,959      1,401        890        172        321        189        278      1,294
Surplus                                        15,398        396      3,794      1,811      1,087      4,096      1,277        859        166        276        176        213      1,247
Other capital                                   1,636         43        786         40         51         69        197         92         30         60         36         94        138
     Total liabilities and capital            869,718     36,279    312,106     39,801     33,261     78,961     86,893     73,609     27,597     16,551     29,101     37,886     97,674
                              

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 27, 2007
              
Federal Reserve notes outstanding             978,521
   Less: Notes held by F.R. Banks
         not subject to collateralization     203,469
      Federal Reserve Notes to be
         collateralized                       775,052 
Collateral held against Federal Reserve            
   notes                                      775,052
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              761,815
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         810,497
   Less:face value of securities under
         reverse repurchase agreements         30,168
      U.S. Treasury and agency securities
             eligible to be pledged           780,329
   

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.