FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          November 23, 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           Nov 21, 2007 Nov 14, 2007 Nov 22, 2006 Nov 21, 2007
Federal Reserve Banks

Reserve Bank Credit                                         868,136    +   2,363    +  29,261      876,859
 Securities held outright                                   779,657    +      26    +   9,099      779,670       
    U.S. Treasury (1)                                       779,657    +      26    +   9,099      779,670
       Bills (2)                                            267,019            0    -  10,000      267,019
       Notes and bonds, nominal (2)                         470,984            0    +  11,720      470,984
       Notes and bonds, inflation-indexed (2)                36,911            0    +   6,806       36,911
       Inflation compensation (3)                             4,743    +      25    +     572        4,756
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    48,286    +   5,036    +  16,322       55,000
 Loans to depository institutions                               481    -      86    +     282           58
    Primary credit                                              434    -      89    +     334           11
    Secondary credit                                              0            0            0            2
    Seasonal credit                                              46    +       2    -      53           45
 Float                                                         -624    +     293    -     243        1,277
 Other Federal Reserve assets                                40,337    -   2,905    +   3,803       40,853
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,737    +      14    +     578       38,737
       
Total factors supplying reserve funds                       920,114    +   2,377    +  29,839      928,837
                                                                   
Currency in circulation(5)                                  820,760    -     318    +  17,750      823,673
Reverse repurchase agreements (6)                            35,092    -      84    +   3,899       35,383
   Foreign official and international accounts               35,092    -      84    +   3,899       35,383
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          275    -       3    +     100          268
Deposits with F.R.Banks, other than reserve balances         11,768    -     186    -      78       12,109       
  U.S. Treasury, general account                              4,959    -     184    +     296        5,324
  Foreign official                                               98    -       4    +       7           96
  Service-related                                             6,383    -      14    -     422        6,383
     Required clearing balances                               6,381    -       1    -     424        6,381
     Adjustments to compensate for float                          2    -      13    +       2            2
  Other                                                         328    +      16    +      40          306
Other liabilities and capital                                42,895    -      37    +   7,730       42,930

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  910,790    -     628    +  29,401      914,363

Reserve balances with Federal Reserve Banks                   9,324    +   3,005    +     438       14,474
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         2,025,772    -   2,963    + 316,166    2,027,434
     U.S. Treasury                                        1,223,270    -  11,208    +  71,917    1,223,046
     Federal agency                                         802,502    +   8,244    + 244,250      804,388
  Securities lent to dealers                                  8,994    +     898    +   8,306        9,060   


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 Nov 21, 2007     Nov 14, 2007     Nov 22, 2006

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,178        -      25        +     373
Securities, repurchase agreements, and loans                   834,728        +   5,528        +  19,716
   Securities held outright                                    779,670        +      31        +   7,797
      U.S. Treasury (1)                                        779,670        +      31        +   7,797       
         Bills (2)                                             267,019                0        -  10,000
         Notes and bonds, nominal (2)                          470,984                0        +  10,386
         Notes and bonds, inflation-indexed (2)                 36,911                0        +   6,806
         Inflation compensation (3)                              4,756        +      30        +     604
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    55,000        +   5,500        +  12,000    
   Loans                                                            58        -       2        -      81
Items in process of collection                      (568)        4,365        -   1,520        +   1,289
Bank premises                                                    2,114        +       3        +     204
Other assets (5)                                                38,848        -   2,538        +   3,795
      Total assets                                  (568)      894,471        +   1,451        +  25,378
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  786,377        +   1,962        +  15,744
Reverse repurchase agreements (6)                               35,383        +     680        +   6,048
Deposits                                              (0)       26,693        +     305        -   2,535       
  Depository institutions                                       20,967        +     500        -   3,760
  U.S. Treasury, general account                                 5,324        -     216        +   1,196
  Foreign official                                                  96        -       1        +       4
  Other                                               (0)          306        +      22        +      26
Deferred availability cash items                    (568)        3,088        -   2,040        -   1,413
Other liabilities and accrued dividends (7)                      5,896        -      44        -      36
      Total liabilities                             (568)      857,437        +     863        +  17,809
                          
Capital Accounts
Capital paid in                                                 18,089        +      11        +   2,794
Surplus                                                         15,457        +       1        +   4,903
Other capital accounts                                           3,488        +     575        -     128
      Total capital                                             37,033        +     587        +   7,568


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,  November 21, 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              58       56,879   -   1,529            0           0       55,000       35,383
16 days to 90 days           0      160,025   +   2,397            0           0            0            0
91 days to 1 year            0      160,545   -     334            0           0     ------      ------
Over 1 to 5 years     ------        231,526   -   9,527            0           0     ------      ------
Over 5 to 10 years    ------         81,927   +   6,443            0           0     ------      ------
Over 10 years         ------         88,767   +   2,579            0           0     ------      ------
                   		 	
All                         58      779,670   +      31            0           0       55,000      35,383

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  November 21, 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                                           1,178         36         63         85        113        133        158        131         49         42         76        126        165
Securities, repurchase agreements,
      and loans                              834,728     38,466    302,232     36,933     34,157     72,318     77,414     70,017     26,679     16,665     27,034     36,677     96,138
   Securities held outright                  779,670     35,932    282,316     34,493     31,907     67,552     72,313     65,396     24,919     15,556     25,239     34,256     89,792
      U.S. Treasury (1)                      779,670     35,932    282,316     34,493     31,907     67,552     72,313     65,396     24,919     15,556     25,239     34,256     89,792
         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)                  512,651     23,626    185,630     22,680     20,979     44,417     47,547     43,000     16,385     10,229     16,595     22,524     59,040
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                55,000      2,535     19,915      2,433      2,251      4,765      5,101      4,613      1,758      1,097      1,780      2,417      6,334
      Loans                                       58          0          0          7          0          0          0          8          2         11         15          4         12
Items in process of collection                 4,934         99         69        293      2,365        253        234        144         78        262        226        173        737
Bank premises                                  2,114        119        216         62        154        179        230        206        107        113        259        258        212
Other assets(5)                               38,848      1,259     11,836      3,512      2,275      7,579      3,279      2,474        718        721        741        961      3,493
Interdistrict settlement account                   0    - 3,059    + 6,929    - 1,691    - 2,709    + 5,228    - 1,898    -   140    + 2,819    -   197    + 3,279    - 2,984    - 5,576
          Total Assets                       895,039     37,485    326,270     39,732     36,887     86,705     80,700     73,948     30,848     17,838     32,016     35,922     96,689

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  November 21, 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           1,004,450     38,373    360,718     41,003     38,227     81,120    109,310     81,231     32,575     18,277     33,085     57,516    113,014
  Less: notes held by F.R. Banks              218,073      5,793     70,451      7,698      7,225     14,016     37,261     14,210      3,857      2,883      3,540     25,076     26,061
    Federal Reserve notes, net                786,377     32,580    290,267     33,305     31,002     67,104     72,049     67,020     28,718     15,394     29,544     32,440     86,953
Reverse repurchase agreements (1)              35,383      1,631     12,812      1,565      1,448      3,066      3,282      2,968      1,131        706      1,145      1,555      4,075
Deposits                                       26,693      1,036     12,279        369      1,404      4,930      1,556      1,350        297        589        426        725      1,732
  Depository institutions                      20,967      1,021      6,702        361      1,400      4,832      1,552      1,346        286        588        425        725      1,729
  U.S. Treasury, general account                5,324          0      5,324          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                                           306         14        188          3          1         87          1          1         11          0          1          0          0
Deferred availability cash items                3,656        198         96        504        416        342        356        299         98        264        292        169        622
Other liabilities and accrued                 
  dividends (2)                                 5,896        264      1,727        282        274        953        526        469        215        156        200        274        556
   
    Total liabilities                         858,006     35,709    317,181     36,025     34,544     76,394     77,769     72,107     30,459     17,108     31,608     35,163     93,938
                              
Capital                    
Capital paid in                                18,089        985      4,354      1,813      1,154      5,093      1,410        880        180        354        190        361      1,314
Surplus                                        15,457        396      3,842      1,811      1,088      4,099      1,278        861        167        276        176        214      1,248
Other capital                                   3,488        395        894         82        101      1,119        242         99         42        100         42        184        188
     Total liabilities and capital            895,039     37,485    326,270     39,732     36,887     86,705     80,700     73,948     30,848     17,838     32,016     35,922     96,689
                              

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
                                          Nov 21, 2007
              
Federal Reserve notes outstanding           1,004,450
   Less: Notes held by F.R. Banks
         not subject to collateralization     218,073
      Federal Reserve Notes to be
         collateralized                       786,377 
Collateral held against Federal Reserve            
   notes                                      786,377
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              773,140
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         834,670
   Less:face value of securities under
         reverse repurchase agreements         35,423
      U.S. Treasury and agency securities
             eligible to be pledged           799,247
   

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.