FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              July 12, 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           Jul 11, 2007  Jul 4, 2007 Jul 12, 2006 Jul 11, 2007
Federal Reserve Banks

Reserve Bank Credit                                         854,278    -   3,016    +  24,176      851,809
 Securities held outright                                   790,587    +      56    +  24,183      790,606       
    U.S. Treasury (1)                                       790,587    +      56    +  24,183      790,606
       Bills (2)                                            277,019            0    +   1,649      277,019
       Notes and bonds, nominal (2)                         474,672            0    +  10,092      474,672
       Notes and bonds, inflation-indexed (2)                34,459            0    +  11,813       34,459
       Inflation compensation (3)                             4,437    +      56    +     629        4,457
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    22,893    -   4,286    +   1,750       20,500
 Loans to depository institutions                               238    +      42    -      61          208
    Primary credit                                               43    +      25    +      32            2
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             195    +      17    -      94          205
 Float                                                            1    +     960    -     979         -410
 Other Federal Reserve assets                                40,559    +     211    -     717       40,905
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,554    +      14    +     555       38,554
       
Total factors supplying reserve funds                       906,073    -   3,003    +  24,731      903,604
                                                                   
Currency in circulation(5)                                  817,354    +   2,528    +  19,065      817,166
Reverse repurchase agreements (6)                            31,724    -     470    +   3,405       31,296
   Foreign official and international accounts               31,724    -     470    +   3,405       31,296
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          313    +       4    +     146          356
Deposits with F.R.Banks, other than reserve balances         11,699    +     322    -   1,051       11,719       
  U.S. Treasury, general account                              4,912    +     305    -     274        4,914
  Foreign official                                               95    -      45            0           95
  Service-related                                             6,433    +      39    -     784        6,433
     Required clearing balances                               6,433    +      39    -     784        6,433
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         259    +      22    +       8          277
Other liabilities and capital                                39,439    -      67    +   4,220       38,888

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  900,529    +   2,317    +  25,785      899,426

Reserve balances with Federal Reserve Banks                   5,543    -   5,321    -   1,055        4,178
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,988,983    +   6,815    + 356,428    1,997,056
     U.S. Treasury                                        1,245,021    +   4,359    + 131,730    1,252,058
     Federal agency                                         743,962    +   2,455    + 224,698      744,998
  Securities lent to dealers                                  3,213    -   6,928    +     213        2,007   


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 Jul 11, 2007      Jul 4, 2007     Jul 12, 2006

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               927        +       3        +     216
Securities, repurchase agreements, and loans                   811,314        -   9,675        +  23,794
   Securities held outright                                    790,606        +      53        +  24,192
      U.S. Treasury (1)                                        790,606        +      53        +  24,192       
         Bills (2)                                             277,019                0        +   1,649
         Notes and bonds, nominal (2)                          474,672                0        +  10,092
         Notes and bonds, inflation-indexed (2)                 34,459                0        +  11,813
         Inflation compensation (3)                              4,457        +      54        +     638
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    20,500        -   9,750        -     250    
   Loans                                                           208        +      22        -     147
Items in process of collection                    (3,654)        6,703        +   1,787        +   1,144
Bank premises                                                    2,046        +       1        +     188
Other assets (5)                                                38,971        +     683        -      30
      Total assets                                (3,654)      873,198        -   7,201        +  25,312
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  779,891        -   1,485        +  19,239
Reverse repurchase agreements (6)                               31,296        -     913        +   2,758
Deposits                                              (0)       16,010        -   5,228        -   2,648       
  Depository institutions                                       10,723        -   6,032        -   2,546
  U.S. Treasury, general account                                 4,914        +     797        -     110
  Foreign official                                                  95        -       1        +       6
  Other                                               (0)          277        +       8                0
Deferred availability cash items                  (3,654)        7,113        +   1,291        +   1,641
Other liabilities and accrued dividends (7)                      5,697        +      32        +     908
      Total liabilities                           (3,654)      840,007        -   6,304        +  21,897
                          
Capital Accounts
Capital paid in                                                 16,165        +       2        +   1,188
Surplus                                                         15,399                0        +   2,498
Other capital accounts                                           1,627        -     900        -     271
      Total capital                                             33,191        -     897        +   3,415


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,      July 11, 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              24       53,555   +  15,994            0           0       20,500       31,296
16 days to 90 days         183      179,721   -  16,693            0           0            0            0
91 days to 1 year            0      165,426   +     704            0           0     ------      ------
Over 1 to 5 years     ------        234,969   +      16            0           0     ------      ------
Over 5 to 10 years    ------         74,583   +      13            0           0     ------      ------
Over 10 years         ------         82,354   +      21            0           0     ------      ------
                   		 	
All                        208      790,606   +      53            0           0       20,500      31,296

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      July 11, 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                                             927         25         46         61         95         87        123        113         50         39         72         97        119
Securities, repurchase agreements,
      and loans                              811,314     37,380    293,700     35,884     33,193     70,276     75,233     68,086     25,974     16,248     26,274     35,646     93,420
   Securities held outright                  790,606     36,436    286,276     34,977     32,354     68,500     73,327     66,314     25,269     15,774     25,593     34,737     91,051
      U.S. Treasury (1)                      790,606     36,436    286,276     34,977     32,354     68,500     73,327     66,314     25,269     15,774     25,593     34,737     91,051
         Bills (2)                           277,019     12,767    100,308     12,255     11,336     24,001     25,693     23,235      8,854      5,527      8,967     12,171     31,903
         Notes and bonds(3)                  513,588     23,669    185,969     22,721     21,018     44,498     47,634     43,078     16,415     10,247     16,625     22,565     59,148
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                20,500        945      7,423        907        839      1,776      1,901      1,719        655        409        664        901      2,361
      Loans                                      208          0          0          0          0          0          5         53         50         64         18          9          8
Items in process of collection                10,357        408        613        943      1,349        623      1,022        883        139        565        504        799      2,510
Bank premises                                  2,046        118        215         56        156        173        231        207         94        114        224        260        198
Other assets(5)                               38,971      1,311     12,150      3,243      2,219      7,205      3,356      2,554        790        733        784      1,037      3,589
Interdistrict settlement account                   0    - 3,623    + 1,165    +   167    - 3,126    +   376    + 5,898    + 1,261    +   298    -   964    + 1,247    -   853    - 1,845
          Total Assets                       876,852     36,183    312,816     40,891     34,417     79,757     87,145     74,218     27,742     16,967     29,506     37,699     99,510

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      July 11, 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             982,532     37,626    349,122     40,931     36,959     80,341    108,087     80,717     29,271     17,249     30,431     57,584    114,213
  Less: notes held by F.R. Banks              202,641      4,942     65,992      7,164      8,548     14,666     29,213     13,722      3,596      2,664      3,488     23,686     24,959
    Federal Reserve notes, net                779,891     32,684    283,130     33,766     28,411     65,676     78,874     66,996     25,675     14,586     26,942     33,898     89,254
Reverse repurchase agreements (1)              31,296      1,442     11,332      1,385      1,281      2,712      2,903      2,625      1,000        624      1,013      1,375      3,604
Deposits                                       16,010        398      7,038        550        807      1,345      1,299      1,307        310        272        424        703      1,557
  Depository institutions                      10,723        394      1,905        544        803      1,220      1,296      1,304        309        271        422        703      1,554
  U.S. Treasury, general account                4,914          0      4,914          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 95          1         65          5          3         11          3          2          0          1          0          1          3
  Other                                           277          3        154          1          1        114          0          1          1          0          1          0          0
Deferred availability cash items               10,767        587        690      1,258      1,416        793        967        978        167        673        520        856      1,862
Other liabilities and accrued                 
  dividends (2)                                 5,697        252      1,760        259        264        751        523        470        222        153        207        274        563
   
    Total liabilities                         843,661     35,363    303,950     37,218     32,179     71,277     84,565     72,376     27,374     16,308     29,106     37,106     96,840
                              
Capital                    
Capital paid in                                16,165        388      4,292      1,809      1,101      4,191      1,238        890        173        322        189        279      1,294
Surplus                                        15,399        396      3,794      1,811      1,087      4,096      1,277        859        166        276        176        213      1,247
Other capital                                   1,627         36        780         54         51        193         66         93         28         61         35        100        129
     Total liabilities and capital            876,852     36,183    312,816     40,891     34,417     79,757     87,145     74,218     27,742     16,967     29,506     37,699     99,510
                              

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
                                          Jul 11, 2007
              
Federal Reserve notes outstanding             982,532
   Less: Notes held by F.R. Banks
         not subject to collateralization     202,641
      Federal Reserve Notes to be
         collateralized                       779,891 
Collateral held against Federal Reserve            
   notes                                      779,891
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              766,654
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         811,106
   Less:face value of securities under
         reverse repurchase agreements         31,343
      U.S. Treasury and agency securities
             eligible to be pledged           779,763
   

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.