Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 869,162 - 4,151 + 17,583 881,658

Securities held outright 709,133 - 4,232 - 71,700 703,436

U.S. Treasury1 709,133 - 4,232 - 71,700 703,436

Bills2 196,074 - 4,286 - 80,945 190,360

Notes and bonds, nominal2 470,010 0 + 1,457 470,010

Notes and bonds, inflation-indexed2 38,437 0 + 6,661 38,437

Inflation compensation3 4,612 + 53 + 1,127 4,629

Federal agency2 0 0 0 0

Repurchase agreements4 58,714 - 643 + 25,928 77,000

Term auction credit 60,000 0 + 60,000 60,000

Other loans to depository institutions 103 - 255 + 50 27

Primary credit 99 - 256 + 94 23

Secondary credit 0 0 - 21 0

Seasonal credit 3 0 - 25 5

Float -1,160 + 214 - 433 -1,510

Other Federal Reserve assets 42,373 + 766 + 3,739 42,704

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 2,200 0 0 2,200

Treasury currency outstanding5 38,750 + 14 + 419 38,750

Total factors supplying reserve funds 921,154 - 4,136 + 18,003 933,649

Currency in circulation5 816,924 + 968 + 10,218 818,415

Reverse repurchase agreements6 40,021 - 3,117 + 2,683 40,197

Foreign official and international accounts 40,021 - 3,117 + 2,683 40,197

Dealers 0 0 0 0

Treasury cash holdings 261 + 1 + 42 270

Deposits with F.R. Banks, other than reserve balances 12,229 + 244 + 109 12,356

U.S. Treasury, general account 5,076 + 209 + 38 5,249

Foreign official 98 + 1 - 18 96

Service-related 6,750 0 + 61 6,750

Required clearing balances 6,750 0 + 61 6,750

Adjustments to compensate for float 0 0 0 0

Other 306 + 35 + 28 260

Other liabilities and capital 44,443 + 47 + 5,737 44,030

Total factors, other than reserve balances,

absorbing reserve funds 913,879 - 1,856 + 18,789 915,267

Reserve balances with Federal Reserve Banks 7,274 - 2,282 - 788 18,382

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 2,151,216 + 1,204 + 291,443 2,162,203

U.S. Treasury 1,277,697 - 2,930 + 63,967 1,282,820

Federal agency 873,519 + 4,134 + 227,476 879,383

Securities lent to dealers 11,639 - 7,381 + 9,366 11,705

FEDERAL RESERVE statistical release

 March 13, 2008

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

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.

Change from week ended Wednesday

 Mar 12, 2008 Week ended

 Mar 12, 2008 Mar 5, 2008 Mar 14, 2007
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. 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.

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 2,200 0 0

Coin 1,324 - 27 + 372

Securities, repurchase agreements, term auction

credit, and other loans 840,464 + 14,789 + 16,595

Securities held outright 703,436 - 9,952 - 77,406

U.S. Treasury1 703,436 - 9,952 - 77,406

Bills2 190,360 - 10,000 - 86,659

Notes and bonds, nominal2 470,010 0 + 1,457

Notes and bonds, inflation-indexed2 38,437 0 + 6,661

Inflation compensation3 4,629 + 48 + 1,135

Federal agency2 0 0 0

Repurchase agreements4 77,000 + 24,750 + 34,000

Term auction credit 60,000 0 + 60,000

Other loans 27 - 10 0

Items in process of collection (525) 1,354 - 361 - 1,636

Bank premises 2,138 - 2 + 169

Other assets5 40,441 + 857 + 3,472

Total assets (525) 898,956 + 15,254 + 18,970

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 781,254 + 485 + 10,509

Reverse repurchase agreements6 40,197 - 615 + 470

Deposits (0) 30,612 + 15,717 + 3,424

Depository institutions 25,006 + 15,277 + 3,260

U.S. Treasury, general account 5,249 + 455 + 136

Foreign official 96 - 2 + 6

Other (0) 260 - 15 + 20

Deferred availability cash items (525) 2,864 - 396 - 1,092

Other liabilities and accrued dividends7 4,365 - 50 - 1,439

Total liabilities (525) 859,292 + 15,141 + 11,872

Capital accounts

Capital paid in 19,474 + 13 + 3,651

Surplus 18,458 0 + 3,119

Other capital accounts 1,733 + 101 + 329

Total capital 39,665 + 114 + 7,099

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Mar 14, 2007

Eliminations from

consolidation Wednesday

 Mar 12, 2008

Wednesday

 Mar 5, 2008

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, March 12, 2008

Millions of dollars

 U.S. Treasury

securities1

Holdings Weekly

changes

Other

loans

Repurchase

agreements2

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.

Reverse

repurchase

agreements2

Within 15 days 60,000 23 34,413 - 4,460 47,000 40,197

16 days to 90 days 0 5 122,887 - 3,858 30,000 0

91 days to 1 year . . . 0 131,959 - 1,680 . . . . . . 

Over 1 year to 5 years . . . . . . 231,014 + 14 . . . . . . 

Over 5 years to 10 years . . . . . . 88,956 + 11 . . . . . . 

Over 10 years . . . . . . 94,207 + 20 . . . . . . 

All 60,000 27 703,436 - 9,952 77,000 40,197

Assets, liabilities, and capital

Remaining maturity

Term auction

credit
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on March 12, 2008Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap

AssetsGold certificate accountSpecial drawing rights certificate acct.CoinSecurities, repurchase agreements, term

auction credit, and other loans

Securities held outright

U.S. Treasury1

Bills2Notes and bonds3

Federal agency2

Repurchase agreements4

Term auction creditOther loans

Items in process of collectionBank premisesOther assets5Interdistrict settlement account

Total assets

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 sec4. 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.

Assets, liabilities, and capital

 11,037 2,200 1,324 840,464 703,436 703,436 190,360 513,076 0 77,000 60,000 27 1,878 2,138 40,441 0 899,481

 449 115 43 36,977 32,418 32,418 8,773 23,646 0 3,549 1,010 0 64 119 2,062 - 784 39,045

 4,053 874 66 324,274 254,712 254,712 68,929 185,783 0 27,881 41,677 3 20 214 12,494 -17,460 324,535

 455 83 109 34,527 31,120 31,120 8,422 22,699 0 3,407 0 0 209 65 3,179 + 1,986 40,611

 428 104 123 32,438 28,787 28,787 7,790 20,997 0 3,151 500 0 262 152 2,345 + 2,099 37,950

 869 147 153 68,327 60,947 60,947 16,493 44,454 0 6,671 708 0 47 186 8,048 + 3,746 81,523

 1,117 166 158 75,594 65,242 65,242 17,655 47,587 0 7,142 3,210 0 179 229 3,270 + 6,754 87,468

 903 212 154 68,182 59,002 59,002 15,967 43,035 0 6,459 2,720 2 193 204 2,262 + 6,579 78,689

 326 71 56 26,024 22,482 22,482 6,084 16,398 0 2,461 1,080 0 82 118 712 + 2,956 30,345

    18, 14, 14, 3, 10,  1, 3,     - 1, 18,
 993,566

 212,312 781,254 781,254 11,037 2,200 740,204 27,813 780,436 40,232 740,204

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap

LiabilitiesFederal Reserve notes outstanding

Less: notes held by F.R. Banks

Federal Reserve notes, net

Reverse repurchase agreements1

Deposits

Depository institutionsU.S. Treasury, general accountForeign officialOther

Deferred availability cash itemsOther liabilities and accrued

dividends2

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

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.

 993,566 212,312 781,254 40,197 30,612 25,006 5,249 96 260 3,388 4,365 859,816 19,474 18,458 1,733 899,481

 39,154 6,295 32,859 1,852 1,759 1,745 0 2 13 168 203 36,842 1,076 1,049 78 39,045

 344,025 62,262 281,763 14,555 16,704 11,211 5,249 66 177 54 1,356 314,431 4,897 4,624 581 324,535

 41,797 8,545 33,252 1,778 1,152 1,143 0 4 4 527 212 36,920 1,813 1,813 65 40,611

 39,583 8,453 31,130 1,645 1,739 1,735 0 3 1 546 218 35,278 1,310 1,291 72 37,950

 79,496 14,639 64,856 3,483 1,900 1,838 0 11 51 259 512 71,010 5,188 4,997 328 81,523

 113,579 35,006 78,573 3,728 1,486 1,482 0 3 0 277 413 84,476 1,455 1,426 111 87,468

 85,492 14,626 70,866 3,372 1,462 1,460 0 2 0 286 368 76,354 1,257 815 264 78,689

 32,423 4,375 28,049 1,285 388 374 0 0 13 60 177 29,958 182 180 26 30,345

 18,8 2,9 15,9 8 5 5    2 1 17,7 3 3  18,4

H.4.14. Statement of Condition of Each Federal Reserve Bank on March 12, 2008 (continued)Millions of dollars

Assets, liabilities, and capital

Federal Reserve notes outstanding

Less: Notes held by F.R. Banks

not subject to collateralization

Federal Reserve notes to be collateralized

Collateral held against Federal Reserve notes

Gold certificate accountSpecial drawing rights certificate accountU.S. Treasury and agency securities pledged1Other assets pledged

Memo:Total U.S. Treasury and agency securities1

Less: face value of securities under

reverse repurchase agreements

U.S. Treasury and agency securities

eligible to be pledged

5. Collateral Held against Federal Reserve Notes:Federal Reserve Agents' AccountsMillions of dollarsFederal Reserve notes and collateral Wednesday

 Mar 12, 2008

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 ofinflation-indexed securities, and cash value of repurchase agreements.