Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 857,318 + 9,697 + 21,398 860,319

Securities held outright 790,531 + 55 + 24,160 790,553

U.S. Treasury1 790,531 + 55 + 24,160 790,553

Bills2 277,019 0 + 1,649 277,019

Notes and bonds, nominal2 474,672 0 + 10,092 474,672

Notes and bonds, inflation-indexed2 34,459 0 + 11,813 34,459

Inflation compensation3 4,381 + 55 + 606 4,403

Federal agency2 0 0 0 0

Repurchase agreements4 27,179 + 9,393 - 2,285 30,250

Loans to depository institutions 196 + 17 - 95 186

Primary credit 18 + 13 + 3 5

Secondary credit 0 0 0 0

Seasonal credit 178 + 4 - 98 181

Float -936 - 111 - 504 -906

Other Federal Reserve assets 40,348 + 342 + 122 40,237

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,540 + 14 + 550 38,540

Total factors supplying reserve funds 909,099 + 9,711 + 21,948 912,101

Currency in circulation5 814,826 + 5,072 + 16,694 818,673

Reverse repurchase agreements6 32,194 + 1,366 + 2,511 32,209

Foreign official and international accounts 32,194 + 1,366 + 2,511 32,209

Dealers 0 0 0 0

Treasury cash holdings 309 + 15 + 136 323

Deposits with F.R. Banks, other than reserve balances 11,377 - 278 - 1,472 10,877

U.S. Treasury, general account 4,607 - 316 - 727 4,117

Foreign official 140 + 41 + 29 96

Service-related 6,394 0 - 768 6,394

Required clearing balances 6,394 0 - 768 6,394

Adjustments to compensate for float 0 0 0 0

Other 237 - 1 - 5 269

Other liabilities and capital 39,506 - 149 + 4,580 39,754

Total factors, other than reserve balances,

absorbing reserve funds 898,212 + 6,027 + 22,449 901,836

Reserve balances with Federal Reserve Banks 10,888 + 3,685 - 500 10,264

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,982,168 + 6,959 + 346,029 1,981,049

U.S. Treasury 1,240,662 + 9,051 + 122,744 1,240,394

Federal agency 741,507 - 2,090 + 223,287 740,655

Securities lent to dealers 10,141 + 6,812 + 3,416 5,520

FEDERAL RESERVE statistical release

 July 5, 2007

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

 Jul 4, 2007 Week ended

 Jul 4, 2007 Jun 27, 2007 Jul 5, 2006
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 924 - 14 + 228

Securities, repurchase agreements, and loans 820,989 + 10,305 + 26,072

Securities held outright 790,553 + 56 + 24,168

U.S. Treasury1 790,553 + 56 + 24,168

Bills2 277,019 0 + 1,649

Notes and bonds, nominal2 474,672 0 + 10,092

Notes and bonds, inflation-indexed2 34,459 0 + 11,813

Inflation compensation3 4,403 + 56 + 614

Federal agency2 0 0 0

Repurchase agreements4 30,250 + 10,250 + 2,000

Loans 186 - 1 - 96

Items in process of collection (1,997) 4,916 + 1,230 - 1,063

Bank premises 2,045 + 6 + 188

Other assets5 38,288 - 3 - 175

Total assets (1,997) 880,399 + 11,524 + 25,250

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 781,376 + 6,324 + 17,844

Reverse repurchase agreements6 32,209 + 2,075 + 3,123

Deposits (0) 21,238 + 664 - 2,159

Depository institutions 16,755 + 534 - 766

U.S. Treasury, general account 4,117 + 78 - 1,411

Foreign official 96 - 1 + 6

Other (0) 269 + 51 + 11

Deferred availability cash items (1,997) 5,822 + 1,984 + 1,317

Other liabilities and accrued dividends7 5,665 - 466 + 938

Total liabilities (1,997) 846,311 + 10,581 + 21,064

Capital accounts

Capital paid in 16,163 + 52 + 1,188

Surplus 15,399 + 1 + 2,498

Other capital accounts 2,527 + 891 + 501

Total capital 34,088 + 943 + 4,186

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jul 5, 2006

Eliminations from

consolidation Wednesday

 Jul 4, 2007

Wednesday

 Jun 27, 2007

3. Maturity Distribution of Loans and Securities, July 4, 2007

Millions of dollars

 Federal agency

securities

Weekly

changes Holdings

 U.S. Treasury

securities1

Holdings Weekly

changes

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 classified by remaining maturity of the agreements.

Reverse

repurchase

agreements2

Within 15 days 18 37,561 - 26,864 0 0 30,250 32,209

16 days to 90 days 168 196,414 + 26,158 0 0 0 0

91 days to 1 year 0 164,722 - 854 0 0 . . . . . . 

Over 1 year to 5 years . . . 234,953 + 1,580 0 0 . . . . . . 

Over 5 years to 10 years . . . 74,570 + 14 0 0 . . . . . . 

Over 10 years . . . 82,333 + 21 0 0 . . . . . . 

All 186 790,553 + 56 0 0 30,250 32,209

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on July 4, 2007Millions of dollars

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

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

and loans

Securities held outright

U.S. Treasury1

Bills2Notes and bonds3

Federal agency2

Repurchase agreements4

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.

 11,037 2,200 924 820,989 790,553 790,553 277,019 513,534 0 30,250 186 6,913 2,045 38,288 0 882,396

Assets, liabilities, and capital

 4,053 874 50 297,211 286,257 286,257 100,308 185,949 0 10,953 0 158 215 11,928 + 68 314,556

 449 115 24 37,827 36,433 36,433 12,767 23,667 0 1,394 0 349 117 1,287 - 3,525 36,644

 455 83 62 36,313 34,974 34,974 12,255 22,719 0 1,338 0 869 56 3,194 + 133 41,165

 428 104 97 33,590 32,352 32,352 11,336 21,015 0 1,238 0 873 156 2,191 - 2,962 34,476

 869 147 87 71,116 68,495 68,495 24,001 44,494 0 2,621 0 398 173 7,103 + 1,603 81,496

 1,117 166 121 76,134 73,322 73,322 25,693 47,629 0 2,806 6 965 231 3,279 + 5,535 87,549

 903 212 108 68,898 66,309 66,309 23,235 43,074 0 2,537 51 697 207 2,507 + 720 74,252

 326 71 49 26,266 25,267 25,267 8,854 16,413 0 967 32 164 94 774 + 180 27,923

 2   16,4 15,7 15,7 5,5 10,2  6  3 1 7 - 9 16,9
 980,274

 198,897 781,376 781,376 11,037 2,200 768,139 0 820,803 32,258 788,545

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.

 980,274 198,897 781,376 32,209 21,238 16,755 4,117 96 269 7,820 5,665 848,308 16,163 15,399 2,527 882,396

 37,671 4,684 32,987 1,484 653 644 0 1 8 403 251 35,779 388 396 81 36,644

 347,562 65,408 282,154 11,663 9,451 5,104 4,117 66 163 356 1,753 305,376 4,292 3,794 1,095 314,556

 40,819 6,794 34,024 1,425 603 597 0 5 1 1,151 254 37,457 1,809 1,811 88 41,165

 36,788 8,508 28,280 1,318 1,400 1,397 0 3 0 944 259 32,201 1,101 1,087 87 34,476

 80,183 14,287 65,896 2,791 3,031 2,928 0 11 93 586 735 73,039 4,189 4,096 172 81,496

 107,896 29,270 78,626 2,987 1,514 1,511 0 3 0 1,073 550 84,750 1,238 1,277 284 87,549

 80,727 13,241 67,486 2,702 1,093 1,090 0 2 0 593 465 72,337 890 859 165 74,252

 29,281 3,484 25,797 1,029 311 310 0 0 1 168 215 27,521 173 166 63 27,923

 17,2 2,5 14,6 6 2 2    4 1 16,2 3 2  16,9

H.4.14. Statement of Condition of Each Federal Reserve Bank on July 4, 2007 (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

 Jul 4, 2007

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.