Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 864,390 - 4,048 - 2,495 871,379

Securities held outright 548,680 + 29 - 238,503 548,692

U.S. Treasury1 548,680 + 29 - 238,503 548,692

Bills2 70,317 0 - 206,702 70,317

Notes and bonds, nominal2 434,946 - 105 - 38,204 434,317

Notes and bonds, inflation-indexed2 38,542 + 105 + 5,297 39,171

Inflation compensation3 4,875 + 29 + 1,106 4,887

Federal agency2 0 0 0 0

Repurchase agreements4 107,536 - 250 + 68,786 115,500

Term auction credit 100,000 0 + 100,000 100,000

Other loans 30,183 - 3,207 + 30,117 29,763

Primary credit 11,588 + 857 + 11,582 11,964

Secondary credit 0 0 0 0

Seasonal credit 25 - 1 - 35 24

Primary dealer credit facility 18,571 - 4,063 + 18,571 17,775

Other credit extensions 0 0 0 0

Float -1,674 + 181 - 1,371 -1,724

Other Federal Reserve assets 79,664 - 802 + 38,475 79,147

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,792 + 14 + 378 38,792

Total factors supplying reserve funds 916,422 - 4,035 - 2,118 923,411

Currency in circulation5 812,468 - 421 + 5,107 814,146

Reverse repurchase agreements6 39,379 - 667 - 732 40,704

Foreign official and international accounts 39,379 - 667 + 3,625 40,704

Dealers 0 0 - 4,357 0

Treasury cash holdings 316 - 35 + 20 281

Deposits with F.R. Banks, other than reserve balances 13,225 + 225 - 8,554 12,437

U.S. Treasury, general account 5,721 + 284 - 9,166 4,955

Foreign official 100 - 2 + 7 106

Service-related 7,091 - 60 + 583 7,091

Required clearing balances 7,091 - 60 + 583 7,091

Adjustments to compensate for float 0 0 0 0

Other 313 + 3 + 21 285

Other liabilities and capital 42,827 - 1,190 + 3,993 42,525

Total factors, other than reserve balances,

absorbing reserve funds 908,215 - 2,088 - 167 910,092

Reserve balances with Federal Reserve Banks 8,207 - 1,947 - 1,952 13,319

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 2,263,408 + 10,454 + 336,644 2,281,398

U.S. Treasury 1,329,532 - 2,078 + 102,224 1,346,611

Federal agency 933,876 + 12,532 + 234,420 934,787

Securities lent to dealers 163,380 - 6,300 + 160,133 166,585

Overnight facility8 17,751 + 3,449 + 14,504 23,176

Term facility9 145,629 - 9,749 + 145,629 143,409

FEDERAL RESERVE statistical release

 May 1, 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 under the overnight and term securities lending facilities.

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.

8. Fully collateralized by other U.S. Treasury securities.

9. Fully collateralized by other U.S. Treasury securities, federal agency securities, and highly rated non-agency mortgage-backed securities.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

Change from week ended Wednesday

 Apr 30, 2008 Week ended

 Apr 30, 2008 Apr 23, 2008 May 2, 2007
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1, footnotes 8 and 9.

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 1,460 + 38 + 387

Securities, repurchase agreements, term auction

credit, and other loans 793,955 + 3,751 - 41,331

Securities held outright 548,692 + 31 - 238,518

U.S. Treasury1 548,692 + 31 - 238,518

Bills2 70,317 0 - 206,702

Notes and bonds, nominal2 434,317 - 734 - 37,619

Notes and bonds, inflation-indexed2 39,171 + 734 + 4,712

Inflation compensation3 4,887 + 30 + 1,091

Federal agency2 0 0 0

Repurchase agreements4 115,500 + 6,000 + 67,500

Term auction credit 100,000 0 + 100,000

Other loans 29,763 - 2,280 + 29,687

Items in process of collection (590) 1,352 - 857 - 2,632

Bank premises 2,158 + 12 + 155

Other assets5 76,879 - 1,712 + 37,847

Total assets (590) 889,040 + 1,230 - 5,575

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 777,090 + 449 + 4,927

Reverse repurchase agreements6 40,704 + 792 - 717

Deposits (0) 25,645 + 2,555 - 11,949

Depository institutions 20,299 + 3,199 + 8,426

U.S. Treasury, general account 4,955 - 615 - 20,395

Foreign official 106 - 12 + 13

Other (0) 285 - 17 + 7

Deferred availability cash items (590) 3,075 - 1,303 - 2,045

Other liabilities and accrued dividends7 2,994 - 1,164 - 2,898

Total liabilities (590) 849,509 + 1,330 - 12,681

Capital accounts

Capital paid in 19,606 + 3 + 3,731

Surplus 18,476 + 4 + 3,102

Other capital accounts 1,449 - 108 + 273

Total capital 39,531 - 100 + 7,106

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 May 2, 2007

Eliminations from

consolidation Wednesday

 Apr 30, 2008

Wednesday

 Apr 23, 2008

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, April 30, 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 50,000 18,962 30,495 + 8,338 75,500 40,704

16 days to 90 days 50,000 10,801 38,195 - 12,689 40,000 0

91 days to 1 year . . . 0 102,339 + 2,902 . . . . . . 

Over 1 year to 5 years . . . . . . 197,438 + 1,461 . . . . . . 

Over 5 years to 10 years . . . . . . 85,914 + 7 . . . . . . 

Over 10 years . . . . . . 94,311 + 12 . . . . . . 

All 100,000 29,763 548,692 + 31 115,500 40,704

Assets, liabilities, and capital

Remaining maturity

Term auction

credit
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 30, 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 agreements4Term 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 under the overnight and term securities lending facilities; refer to table 1, footnotes 8 and 9.2. 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 s4. 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 1,460 793,955 548,692 548,692 70,317 478,375 0 115,500 100,000 29,763 1,942 2,158 76,879 0 889,630

 424 115 51 28,360 23,014 23,014 2,949 20,065 0 4,845 500 1 52 118 4,071 + 4,073 37,265

 3,935 874 67 347,866 195,221 195,221 25,018 170,203 0 41,094 84,024 27,526 0 213 21,708 -57,070 317,593

 453 83 109 29,031 23,957 23,957 3,070 20,887 0 5,043 0 32 299 65 6,593 + 3,341 39,974

 423 104 137 25,686 20,806 20,806 2,666 18,140 0 4,380 500 0 486 151 4,831 + 4,828 36,645

 891 147 164 69,241 49,755 49,755 6,376 43,378 0 10,473 8,755 258 56 200 17,784 - 3,952 84,531

 1,221 166 167 68,193 54,594 54,594 6,996 47,597 0 11,492 2,100 7 147 228 6,166 +14,057 90,346

 913 212 175 59,923 48,427 48,427 6,206 42,221 0 10,194 801 500 23 207 3,999 +12,610 78,062

 344 71 61 25,095 18,961 18,961 2,430 16,531 0 3,991 2,075 68 21 124 1,143 + 2,583 29,442

    12, 10, 10, 1, 9,  2,     1, + 3, 18,
 982,429

 205,339 777,090 777,090 11,037 2,200 623,410 140,443 664,192 40,782 623,410

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.

 982,429 205,339 777,090 40,704 25,645 20,299 4,955 106 285 3,665 2,994 850,099 19,606 18,476 1,449 889,630

 38,224 5,724 32,500 1,707 521 512 0 2 7 203 166 35,097 1,087 1,050 30 37,265

 338,609 58,400 280,210 14,482 12,505 7,306 4,955 76 169 0 380 307,577 4,903 4,643 470 317,593

 41,243 7,872 33,371 1,777 449 445 0 4 0 521 194 36,312 1,851 1,811 0 39,974

 39,159 8,129 31,031 1,543 471 469 0 3 0 744 191 33,980 1,340 1,291 34 36,645

 79,834 13,984 65,850 3,691 3,953 3,852 0 11 90 284 501 74,279 5,174 4,998 80 84,531

 115,205 33,985 81,220 4,050 1,170 1,167 0 3 0 286 374 87,100 1,609 1,425 211 90,346

 84,356 14,370 69,986 3,592 1,312 1,310 0 2 0 312 309 75,511 1,260 815 476 78,062

 31,521 4,398 27,123 1,407 325 306 0 0 18 54 158 29,067 182 180 13 29,442

 18,4 2,8 15,6 7 8 8    2 1 17,6 3 3  18,3

H.4.14. Statement of Condition of Each Federal Reserve Bank on April 30, 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

 Apr 30, 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.