FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              July 26, 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 25, 2007 Jul 18, 2007 Jul 26, 2006 Jul 25, 2007
Federal Reserve Banks

Reserve Bank Credit                                         850,186    -   3,669    +  24,131      849,899
 Securities held outright                                   790,694    +      54    +  25,942      790,714       
    U.S. Treasury (1)                                       790,694    +      54    +  25,942      790,714
       Bills (2)                                            277,019            0            0      277,019
       Notes and bonds, nominal (2)                         474,672            0    +  15,611      474,672
       Notes and bonds, inflation-indexed (2)                34,459            0    +   9,676       34,459
       Inflation compensation (3)                             4,544    +      53    +     655        4,564
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    18,857    -   3,679    -   1,679       18,750
 Loans to depository institutions                               239    -     121    -     111          246
    Primary credit                                                3    -     142    -      12            3
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             236    +      20    -      98          243
 Float                                                         -926    -     200    -     115       -1,270
 Other Federal Reserve assets                                41,321    +     277    +      92       41,460
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,560    +      14    +     543       38,560
       
Total factors supplying reserve funds                       901,987    -   3,655    +  24,674      901,700
                                                                   
Currency in circulation(5)                                  812,492    -   1,519    +  19,813      813,701
Reverse repurchase agreements (6)                            31,500    -      66    +   2,339       31,109
   Foreign official and international accounts               31,500    -      66    +   2,339       31,109
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          317    -      33    +     159          298
Deposits with F.R.Banks, other than reserve balances         11,908    +     865    -     543       11,792       
  U.S. Treasury, general account                              5,052    +     878    +      35        4,931
  Foreign official                                               95    -      29    -       8           98
  Service-related                                             6,464    +      32    -     564        6,464
     Required clearing balances                               6,464    +      32    -     564        6,464
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         298    -      14    -       5          300
Other liabilities and capital                                39,377    +      27    +   4,400       38,836

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  895,595    -     726    +  26,168      895,737

Reserve balances with Federal Reserve Banks                   6,392    -   2,929    -   1,495        5,963
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         2,002,989    +   6,970    + 358,191    2,011,785
     U.S. Treasury                                        1,253,258    +   1,781    + 139,067    1,252,385
     Federal agency                                         749,731    +   5,188    + 219,124      759,400
  Securities lent to dealers                                  4,632    -      46    +   2,144        4,632   


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 25, 2007     Jul 18, 2007     Jul 26, 2006

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,047        +      66        +     297
Securities, repurchase agreements, and loans                   809,710        -   8,452        +  23,576
   Securities held outright                                    790,714        +      54        +  25,951
      U.S. Treasury (1)                                        790,714        +      54        +  25,951       
         Bills (2)                                             277,019                0                0
         Notes and bonds, nominal (2)                          474,672                0        +  15,611
         Notes and bonds, inflation-indexed (2)                 34,459                0        +   9,676
         Inflation compensation (3)                              4,564        +      54        +     664
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    18,750        -   8,500        -   2,250    
   Loans                                                           246        -       6        -     125
Items in process of collection                      (810)        2,095        -   1,134        -   1,935
Bank premises                                                    2,055        +       9        +     191
Other assets (5)                                                39,535        +     484        +     449
      Total assets                                  (810)      867,680        -   9,027        +  22,579
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  776,483        -     461        +  19,844
Reverse repurchase agreements (6)                               31,109        -   1,398        +   2,641
Deposits                                              (0)       17,886        -   6,717        -   2,235       
  Depository institutions                                       12,558        -   7,358        -   2,316
  U.S. Treasury, general account                                 4,931        +     831        +     107
  Foreign official                                                  98        -     195        -      42
  Other                                               (0)          300        +       6        +      17
Deferred availability cash items                    (810)        3,366        -     434        -   1,756
Other liabilities and accrued dividends (7)                      5,751        +      73        +     885
      Total liabilities                             (810)      834,595        -   8,937        +  19,378
                          
Capital Accounts
Capital paid in                                                 16,171        +       2        +   1,178
Surplus                                                         15,399                0        +   2,498
Other capital accounts                                           1,515        -      92        -     475
      Total capital                                             33,085        -      89        +   3,201


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 25, 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             236       59,560   -     453            0           0       18,750       31,109
16 days to 90 days          10      171,335   -     978            0           0            0            0
91 days to 1 year            0      170,324   +   1,434            0           0     ------      ------
Over 1 to 5 years     ------        237,758   +      20            0           0     ------      ------
Over 5 to 10 years    ------         69,342   +      10            0           0     ------      ------
Over 10 years         ------         82,395   +      21            0           0     ------      ------
                   		 	
All                        246      790,714   +      54            0           0       18,750      31,109

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 25, 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                                           1,047         29         55         69        102         99        140        127         53         40         78        116        138
Securities, repurchase agreements,
      and loans                              809,710     37,305    293,105     35,812     33,126     70,134     75,082     67,950     25,931     16,230     26,230     35,575     93,230
   Securities held outright                  790,714     36,441    286,315     34,981     32,359     68,509     73,337     66,323     25,272     15,776     25,596     34,741     91,063
      U.S. Treasury (1)                      790,714     36,441    286,315     34,981     32,359     68,509     73,337     66,323     25,272     15,776     25,596     34,741     91,063
         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)                  513,695     23,674    186,007     22,726     21,022     44,508     47,644     43,087     16,418     10,249     16,629     22,570     59,160
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                18,750        864      6,789        830        767      1,625      1,739      1,573        599        374        607        824      2,159
      Loans                                      246          0          0          1          0          0          6         55         60         80         27         10          8
Items in process of collection                 2,905        119         49        303        443        192        378        162         68        199        279        196        517
Bank premises                                  2,055        118        216         56        156        173        231        207         98        114        225        260        201
Other assets(5)                               39,535      1,340     12,348      3,278      2,256      7,263      3,376      2,601        801        747        804      1,062      3,660
Interdistrict settlement account                   0    - 3,697    + 3,835    -   422    - 2,425    +   340    + 5,959    +   365    +   218    - 1,281    +   811    - 1,815    - 1,887
          Total Assets                       868,490     35,777    314,535     39,633     34,190     79,217     86,448     72,526     27,566     16,284     28,829     36,106     97,379

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 25, 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             986,851     37,657    351,080     40,851     37,594     80,505    109,708     80,552     29,453     17,209     30,273     57,595    114,375
  Less: notes held by F.R. Banks              210,369      5,413     66,015      7,644      9,024     15,631     30,905     14,554      3,872      2,874      3,776     24,662     25,998
    Federal Reserve notes, net                776,483     32,245    285,064     33,206     28,571     64,873     78,803     65,997     25,582     14,335     26,497     32,933     88,377
Reverse repurchase agreements (1)              31,109      1,434     11,265      1,376      1,273      2,695      2,885      2,609        994        621      1,007      1,367      3,583
Deposits                                       17,886        800      7,478        609      1,276      2,098      1,118      1,324        310        236        414        648      1,575
  Depository institutions                      12,558        798      2,290        604      1,272      1,983      1,115      1,320        309        235        412        647      1,572
  U.S. Treasury, general account                4,931          0      4,931          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 98          1         67          5          3         11          3          2          0          1          0          1          3
  Other                                           300          1        190          0          1        105          0          1          1          0          1          0          0
Deferred availability cash items                4,176        230        108        529        574        328        515        283        109        282        315        293        610
Other liabilities and accrued                 
  dividends (2)                                 5,751        253      1,765        262        264        784        547        473        216        152        197        277        562
   
    Total liabilities                         835,405     34,961    305,679     35,983     31,958     70,778     83,868     70,686     27,211     15,626     28,430     35,517     94,707
                              
Capital                    
Capital paid in                                16,171        388      4,292      1,809      1,101      4,196      1,238        890        173        322        188        280      1,294
Surplus                                        15,399        396      3,794      1,811      1,087      4,096      1,277        859        166        276        176        213      1,248
Other capital                                   1,515         33        770         31         44        146         66         90         15         60         35         96        130
     Total liabilities and capital            868,490     35,777    314,535     39,633     34,190     79,217     86,448     72,526     27,566     16,284     28,829     36,106     97,379
                              

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 25, 2007
              
Federal Reserve notes outstanding             986,851
   Less: Notes held by F.R. Banks
         not subject to collateralization     210,369
      Federal Reserve Notes to be
         collateralized                       776,483 
Collateral held against Federal Reserve            
   notes                                      776,483
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              763,246
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         809,464
   Less:face value of securities under
         reverse repurchase agreements         31,156
      U.S. Treasury and agency securities
             eligible to be pledged           778,308
   

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.