Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 866,859 + 8,524 + 15,145 862,797

Securities held outright 713,364 - 8 - 65,534 713,362

U.S. Treasury1 713,364 - 8 - 65,534 713,362

Bills2 200,360 0 - 76,659 200,360

Notes and bonds, nominal2 470,010 0 + 3,335 470,010

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

Inflation compensation3 4,558 - 7 + 1,130 4,556

Federal agency2 0 0 0 0

Repurchase agreements4 43,536 + 25,179 + 8,357 38,750

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

Other loans to depository institutions 223 + 165 + 197 1,371

Primary credit 220 + 163 + 215 1,368

Secondary credit 0 0 0 0

Seasonal credit 3 + 2 - 18 3

Float -1,291 - 264 - 1,080 -1,266

Other Federal Reserve assets 51,026 - 16,549 + 13,204 50,579

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,779 + 14 + 487 38,779

Total factors supplying reserve funds 918,879 + 8,538 + 15,632 914,817

Currency in circulation5 817,160 + 3,301 + 9,360 817,666

Reverse repurchase agreements6 37,977 + 1,571 + 261 38,610

Foreign official and international accounts 37,977 + 1,571 + 261 38,610

Dealers 0 0 0 0

Treasury cash holdings 269 - 6 + 59 262

Deposits with F.R. Banks, other than reserve balances 11,017 - 1,521 - 1,019 11,674

U.S. Treasury, general account 3,861 - 1,455 - 1,079 4,525

Foreign official 98 + 1 + 7 101

Service-related 6,748 - 64 + 10 6,748

Required clearing balances 6,748 - 64 + 10 6,748

Adjustments to compensate for float 0 0 0 0

Other 310 - 3 + 43 299

Other liabilities and capital 42,407 + 879 + 4,775 42,916

Total factors, other than reserve balances,

absorbing reserve funds 908,829 + 4,224 + 13,436 911,127

Reserve balances with Federal Reserve Banks 10,050 + 4,315 + 2,196 3,690

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 2,130,220 + 17,312 + 303,639 2,135,053

U.S. Treasury 1,264,063 - 2,617 + 71,285 1,266,381

Federal agency 866,158 + 19,929 + 232,356 868,672

Securities lent to dealers 16,019 + 6,269 + 13,565 16,035

FEDERAL RESERVE statistical release

 February 21, 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

 Feb 20, 2008 Week ended

 Feb 20, 2008 Feb 13, 2008 Feb 21, 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 1,359 - 21 + 358

Securities, repurchase agreements, term auction

credit, and other loans 813,484 + 12,076 + 540

Securities held outright 713,362 - 7 - 65,540

U.S. Treasury1 713,362 - 7 - 65,540

Bills2 200,360 0 - 76,659

Notes and bonds, nominal2 470,010 0 + 3,335

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

Inflation compensation3 4,556 - 7 + 1,124

Federal agency2 0 0 0

Repurchase agreements4 38,750 + 10,750 + 4,750

Term auction credit 60,000 0 + 60,000

Other loans 1,371 + 1,332 + 1,330

Items in process of collection (1,098) 2,914 + 1,538 - 5,168

Bank premises 2,134 + 2 + 174

Other assets5 48,330 - 17,234 + 12,498

Total assets (1,098) 881,457 - 3,640 + 8,401

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 780,503 + 1,566 + 9,265

Reverse repurchase agreements6 38,610 + 20 + 466

Deposits (0) 15,249 - 8,155 - 5,125

Depository institutions 10,323 - 7,701 - 4,399

U.S. Treasury, general account 4,525 - 454 - 779

Foreign official 101 + 5 + 10

Other (0) 299 - 6 + 42

Deferred availability cash items (1,098) 4,180 + 1,372 - 1,730

Other liabilities and accrued dividends7 4,394 + 419 - 1,251

Total liabilities (1,098) 842,935 - 4,779 + 1,626

Capital accounts

Capital paid in 19,353 + 867 + 3,494

Surplus 18,457 + 9 + 3,233

Other capital accounts 713 + 264 + 49

Total capital 38,522 + 1,139 + 6,775

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Feb 21, 2007

Eliminations from

consolidation Wednesday

 Feb 20, 2008

Wednesday

 Feb 13, 2008

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, February 20, 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 30,000 1,368 48,171 - 5,317 38,750 38,610

16 days to 90 days 30,000 4 114,849 + 8,965 0 0

91 days to 1 year . . . 0 135,884 - 10,735 . . . . . . 

Over 1 year to 5 years . . . . . . 231,343 - 1,744 . . . . . . 

Over 5 years to 10 years . . . . . . 88,939 + 4,533 . . . . . . 

Over 10 years . . . . . . 94,177 + 4,293 . . . . . . 

All 60,000 1,371 713,362 - 7 38,750 38,610

Assets, liabilities, and capital

Remaining maturity

Term auction

credit
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 20, 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 1,359 813,484 713,362 713,362 200,360 513,002 0 38,750 60,000 1,371 4,012 2,134 48,330 0 882,555

 449 115 46 36,779 32,876 32,876 9,234 23,642 0 1,786 1,510 607 145 119 2,531 - 2,225 37,959

 4,053 874 63 317,350 258,306 258,306 72,550 185,757 0 14,031 44,872 140 106 214 14,422 -25,382 311,700

 455 83 107 33,274 31,559 31,559 8,864 22,695 0 1,714 0 0 273 65 3,890 + 2,402 40,548

 428 104 127 30,965 29,193 29,193 8,199 20,994 0 1,586 10 176 509 152 2,940 + 1,549 36,774

 869 147 158 66,158 61,807 61,807 17,360 44,448 0 3,357 813 180 224 185 10,334 + 3,944 82,019

 1,117 166 170 74,954 66,163 66,163 18,583 47,580 0 3,594 5,195 2 434 230 3,838 + 1,835 82,742

 903 212 154 63,685 59,835 59,835 16,806 43,029 0 3,250 370 230 391 204 2,584 +10,808 78,941

 326 71 56 24,618 22,800 22,800 6,404 16,396 0 1,238 580 0 94 114 795 + 4,898 30,972

    15, 14, 14, 3, 10,        + 1, 18,
 997,947

 217,444 780,503 780,503 11,037 2,200 713,467 53,799 752,112 38,646 713,467

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.

 997,947 217,444 780,503 38,610 15,249 10,323 4,525 101 299 5,278 4,394 844,033 19,353 18,457 713 882,555

 39,325 6,188 33,137 1,779 440 399 0 2 38 238 206 35,800 1,077 1,049 33 37,959

 346,591 66,834 279,757 13,981 6,674 1,908 4,525 71 171 108 1,284 301,804 5,007 4,624 265 311,700

 42,232 8,571 33,661 1,708 496 492 0 4 0 806 211 36,882 1,817 1,813 35 40,548

 39,771 8,631 31,141 1,580 425 421 0 3 2 771 221 34,138 1,311 1,291 34 36,774

 80,315 14,391 65,924 3,345 1,658 1,575 0 11 72 499 546 71,972 4,997 4,996 54 82,019

 110,545 36,250 74,295 3,581 1,024 1,020 0 3 0 449 438 79,787 1,447 1,425 84 82,742

 86,286 14,421 71,865 3,238 864 861 0 2 1 471 377 76,816 1,256 815 55 78,941

 32,887 4,239 28,648 1,234 378 365 0 0 13 149 180 30,589 182 180 21 30,972

 19,1 3,0 16,0 7 2 2    3 1 17,5 3 3  18,2

H.4.14. Statement of Condition of Each Federal Reserve Bank on February 20, 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

 Feb 20, 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.