FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             April 10, 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            Apr 9, 2008  Apr 2, 2008 Apr 11, 2007  Apr 9, 2008
Federal Reserve Banks

Reserve Bank credit                                         866,836    -   8,741    +  17,406      877,436
 Securities held outright                                   560,817    -  28,268    - 220,545      560,114       
    U.S. Treasury (1)                                       560,817    -  28,268    - 220,545      560,114
       Bills (2)                                             81,828    -  11,157    - 195,191       81,828
       Notes and bonds, nominal (2)                         435,765    -  17,144    -  33,197      435,051
       Notes and bonds, inflation-indexed (2)                38,437            0    +   6,661       38,437
       Inflation compensation (3)                             4,787    +      32    +   1,181        4,798
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements (4)                                   99,179    +  21,679    +  70,572      120,000
 Term auction credit                                        100,000            0    + 100,000      100,000  
 Other loans                                                 42,761    -   2,378    +  42,717       33,838
    Primary credit                                           10,182    +   3,169    +  10,181        7,343
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              17    +      10    -      26           16
    Primary dealer credit facility                           32,562    -   5,556    +  32,562       26,479
    Other credit extensions                                       0            0            0            0
 Float                                                         -686    +     385    -     214       -1,657
 Other Federal Reserve assets                                64,765    -     159    +  24,876       65,140
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,750    +      14    +     368       38,750
       
Total factors supplying reserve funds                       918,827    -   8,727    +  17,774      929,426
                                                                   
Currency in circulation (5)                                 815,160    -     469    +   6,944      815,943
Reverse repurchase agreements (6)                            38,917    -   2,779    +   3,475       38,779
   Foreign official and international accounts               38,917    +   1,043    +   3,475       38,779
   Dealers                                                        0    -   3,821            0            0
Treasury cash holdings                                          354    +      19    +      13          357
Deposits with F.R. Banks, other than reserve balances        12,621    +      50    +     588       10,899       
  U.S. Treasury, general account                              5,127    -      31    +     455        3,437
  Foreign official                                               98            0    +       6          100
  Service-related                                             7,045    -       3    +      56        7,045
     Required clearing balances                               7,045    -       3    +      56        7,045
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         350    +      82    +      70          317
Other liabilities and capital                                44,975    +      70    +   6,217       44,605

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  912,026    -   3,110    +  17,236      910,582

Reserve balances with Federal Reserve Banks                   6,801    -   5,617    +     538       18,844
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts (2,7)        2,218,557    +  12,466    + 307,140    2,226,745
     U.S. Treasury                                        1,312,438    +  13,736    +  76,317    1,320,380
     Federal agency                                         906,118    -   1,272    + 230,821      906,365
  Securities lent to dealers                                109,705    +  24,099    + 108,679      112,164   
     Overnight facility (8)                                  13,276    -   8,045    +  12,250       12,164
     Term facility (9)                                       96,429    +  32,143    +  96,429      100,000


Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities.  
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.
8. Fully collateralized by U.S. Treasury securities.
9. Fully collateralized by U.S. Treasury securities, federal agency securities, and highly rated
   non-agency mortgage-backed securities.

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  Apr 9, 2008      Apr 2, 2008     Apr 11, 2007

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,356        +      16        +     393
Securities, repurchase agreements, term auction
      credit, and other loans                                  813,953        +  11,917        +   2,337
   Securities held outright                                    560,114        -  21,126        - 222,702
      U.S. Treasury (1)                                        560,114        -  21,126        - 222,702       
         Bills (2)                                              81,828        -  11,157        - 195,191
         Notes and bonds, nominal (2)                          435,051        -   9,999        -  35,348
         Notes and bonds, inflation-indexed (2)                 38,437                0        +   6,661
         Inflation compensation (3)                              4,798        +      29        +   1,176
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                   120,000        +  44,000        +  91,250    
   Term auction credit                                         100,000                0        + 100,000
   Other loans                                                  33,838        -  10,958        +  33,789
Items in process of collection                      (580)        1,361        -   3,372        -   1,761
Bank premises                                                    2,142        -       3        +     154
Other assets (5)                                                62,864        +     953        +  24,514
      Total assets                                  (580)      894,912        +   9,511        +  25,637
                          
Liabilities
Federal Reserve notes, net of FR Bank holdings                 778,902        -     658        +   5,885
Reverse repurchase agreements (6)                               38,779        -   2,282        +   4,645
Deposits                                              (0)       29,609        +  11,769        +   9,856       
  Depository institutions                                       25,756        +  14,339        +  11,128
  U.S. Treasury, general account                                 3,437        -   2,576        -   1,321
  Foreign official                                                 100        +       2        +       7
  Other                                               (0)          317        +       5        +      43
Deferred availability cash items                    (580)        3,018        -     242        -     885
Other liabilities and accrued dividends (7)                      3,992        +     258        -   1,867
      Total liabilities                             (580)      854,300        +   8,845        +  17,634
                          
Capital Accounts
Capital paid in                                                 19,551        +       3        +   3,697
Surplus                                                         18,471                0        +   3,109
Other capital accounts                                           2,590        +     663        +   1,197
      Total capital                                             40,612        +     666        +   8,003


Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
   to table 1, footnotes 8 and 9.
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,      April 9, 2008
Millions of dollars
                                                 U.S. Treasury                       Reverse
Remaining maturity       Term                    securities (1)       Repurchase   repurchase
                       auction       Other                Weekly      agreements   agreements   
                        credit       loans    Holdings    changes         (2)          (2)          
Within 15 days         100,000       27,087      26,342   -   3,935       85,000       38,779
16 days to 90 days           0        6,751      54,594   -   7,222       35,000            0
91 days to 1 year          ---            0      99,011   +       2          ---          ---
Over 1 to 5 years          ---          ---     196,898   -   9,990          ---          ---
Over 5 to 10 years         ---          ---      88,993   +       7          ---          ---
Over 10 years              ---          ---      94,275   +      12          ---          ---
                            
All                    100,000       33,838     560,114   -  21,126      120,000       38,779

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      April 9, 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                                           1,356         47         67        101        126        163        151        160         55         61         88        149        189
Securities, repurchase agreements, term
      auction credit, and other loans        813,953     32,344    352,841     30,094     32,866     62,787     68,074     58,754     23,808     16,653     22,102     31,082     82,548
   Securities held outright                  560,114     25,813    202,816     24,780     22,922     48,529     51,949     46,981     17,902     11,176     18,131     24,610     64,506
      U.S. Treasury (1)                      560,114     25,813    202,816     24,780     22,922     48,529     51,949     46,981     17,902     11,176     18,131     24,610     64,506
         Bills (2)                            81,828      3,771     29,630      3,620      3,349      7,090      7,589      6,864      2,615      1,633      2,649      3,595      9,424
         Notes and bonds (3)                 478,286     22,042    173,186     21,160     19,573     41,440     44,360     40,117     15,286      9,543     15,483     21,014     55,082
      Federal agency (2)                           0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements (4)              120,000      5,530     43,452      5,309      4,911     10,397     11,130     10,065      3,835      2,394      3,885      5,272     13,820
      Term auction credit                    100,000      1,000     73,443          0      5,034      3,860      4,995      1,480      2,069     3,082         80      1,200      3,759     
      Other loans                             33,838          0     33,131          6          0          0          0        229          2          1          6          0        463
Items in process of collection                 1,941         63          0        283        226         60          8        198         21        142         73        142        724
Bank premises                                  2,142        118        213         65        152        190        228        205        119        112        277        255        208
Other assets (5)                              62,864      3,332     18,228      5,266      3,906     13,997      5,001      3,282        955      1,216        999      1,588      5,093
Interdistrict settlement account                   0    + 2,557    -55,520    + 5,981    -   453    + 3,244    +14,031    +16,454    + 4,472    -   434    + 7,484    +   456    + 1,727
          Total Assets                       895,493     39,026    320,757     42,327     37,355     81,457     88,776     80,169     29,827     17,984     31,423     34,382     92,009

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1, footnotes 8 and 9.
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      April 9, 2008 (continued)
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             986,521     38,589    340,247     41,532     39,265     78,751    115,062     84,822     31,970     18,654     32,474     56,188    108,968
  Less: notes held by F.R. Banks              207,620      6,003     59,134      8,076      8,065     14,195     34,950     14,267      4,354      2,840      3,656     25,097     26,981
    Federal Reserve notes, net                778,902     32,586    281,112     33,456     31,200     64,556     80,112     70,555     27,615     15,813     28,818     31,091     81,987
Reverse repurchase agreements (1)              38,779      1,787     14,042      1,716      1,587      3,360      3,597      3,253      1,239        774      1,255      1,704      4,466
Deposits                                       29,609      2,055     13,901      2,826      1,025      2,281      1,007      3,102        353        266        487        553      1,753
  Depository institutions                      25,756      2,035     10,219      2,822      1,022      2,162      1,004      3,100        339        265        485        552      1,750
  U.S. Treasury, general account                3,437          0      3,437          0          0          0          0          0          0          0          0          0          0
  Foreign official                                100          2         70          4          3         11          3          2          0          1          0          1          3
  Other                                           317         18        175          0          0        108          0          0         14          0          1          0          0
Deferred availability cash items                3,598        184          0        445        637        283        328        332         66        276        298        183        565
Other liabilities and accrued                 
  dividends (2)                                 3,992        171      1,376        185        194        470        388        306        153        110        132        178        330
   
    Total liabilities                         854,881     36,783    310,430     38,628     34,644     70,950     85,432     77,548     29,427     17,239     30,990     33,709     89,102
                              
Capital                    
Capital paid in                                19,551      1,087      4,903      1,811      1,322      5,182      1,612      1,259        181        359        198        256      1,380
Surplus                                        18,471      1,050      4,637      1,814      1,291      4,997      1,425        815        180        355        194        364      1,350
Other capital                                   2,590        106        787         75         98        328        307        547         39         32         40         53        177
     Total liabilities and capital            895,493     39,026    320,757     42,327     37,355     81,457     88,776     80,169     29,827     17,984     31,423     34,382     92,009
                              

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
                                           Apr 9, 2008
              
Federal Reserve notes outstanding             986,521
   Less: Notes held by F.R. Banks
         not subject to collateralization     207,620
      Federal Reserve notes to be
         collateralized                       778,902 
Collateral held against Federal Reserve            
   notes                                      778,902
   Gold certificate account                    11,037
   Special drawing rights certificate     
     account                                    2,200
   U.S. Treasury and agency securities   
     pledged (1)                              641,294
   Other assets pledged                       124,371

Memo:
Total U.S. Treasury and agency 
       securities (1)                         680,114
   Less: face value of securities under
         reverse repurchase agreements         38,820
      U.S. Treasury and agency securities
             eligible to be pledged           641,294
   

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.