FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                         September 20, 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           Sep 19, 2007 Sep 12, 2007 Sep 20, 2006 Sep 19, 2007
Federal Reserve Banks

Reserve Bank Credit                                         852,998    -   4,235    +  23,986      853,783
 Securities held outright                                   779,636    -       3    +  10,749      779,635       
    U.S. Treasury (1)                                       779,636    -       3    +  10,749      779,635
       Bills (2)                                            267,019            0    -  10,000      267,019
       Notes and bonds, nominal (2)                         472,142            0    +  10,351      472,142
       Notes and bonds, inflation-indexed (2)                35,753            0    +   9,734       35,753
       Inflation compensation (3)                             4,723    -       2    +     664        4,722
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    30,179    -   3,178    +  10,750       32,750
 Loans to depository institutions                             2,421    -     737    +   2,066        1,359
    Primary credit                                            2,179    -     753    +   2,168        1,115
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             241    +      15    -     104          244
 Float                                                          622    -     716    -     218         -133
 Other Federal Reserve assets                                40,140    +     399    +     638       40,172
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,639    +      14    +     584       38,639
       
Total factors supplying reserve funds                       904,878    -   4,221    +  24,570      905,663
                                                                   
Currency in circulation(5)                                  809,915    -   3,036    +  17,420      810,587
Reverse repurchase agreements (6)                            35,735    +   1,444    +   8,238       36,225
   Foreign official and international accounts               35,735    +   1,444    +   8,238       36,225
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          339    -       3    +     174          333
Deposits with F.R.Banks, other than reserve balances         12,432    +     702    -   1,034       11,419       
  U.S. Treasury, general account                              5,416    +     661    -     697        4,455
  Foreign official                                              105    +       8    +      16           98
  Service-related                                             6,653    +      41    -     316        6,653
     Required clearing balances                               6,653    +      41    -     316        6,653
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         258    -       7    -      36          213
Other liabilities and capital                                40,897    -     167    +   4,958       40,362

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  899,317    -   1,061    +  29,755      898,925

Reserve balances with Federal Reserve Banks                   5,561    -   3,160    -   5,185        6,738
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,987,499    +   6,178    + 314,060    1,995,252
     U.S. Treasury                                        1,210,997    +   3,855    +  78,514    1,216,199
     Federal agency                                         776,502    +   2,322    + 235,546      779,052
  Securities lent to dealers                                  2,177    -   3,342    +   1,646        2,613   


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 Sep 19, 2007     Sep 12, 2007     Sep 20, 2006

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,090        +      41        +     253
Securities, repurchase agreements, and loans                   813,744        -  18,279        +  29,486
   Securities held outright                                    779,635        -       3        +  10,740
      U.S. Treasury (1)                                        779,635        -       3        +  10,740       
         Bills (2)                                             267,019                0        -  10,000
         Notes and bonds, nominal (2)                          472,142                0        +  10,351
         Notes and bonds, inflation-indexed (2)                 35,753                0        +   9,734
         Inflation compensation (3)                              4,722        -       2        +     655
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    32,750        -  12,250        +  17,750    
   Loans                                                         1,359        -   6,027        +     996
Items in process of collection                      (883)        3,282        -     462        -   1,035
Bank premises                                                    2,086        +       4        +     198
Other assets (5)                                                38,146        +      75        +     491
      Total assets                                  (883)      871,586        -  18,620        +  29,395
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  773,367        -   2,040        +  17,697
Reverse repurchase agreements (6)                               36,225        +   2,735        +   7,726
Deposits                                              (0)       18,218        -  19,002        +     563       
  Depository institutions                                       13,452        -  18,229        +   1,375
  U.S. Treasury, general account                                 4,455        -     733        -     761
  Foreign official                                                  98        +       1        +      13
  Other                                               (0)          213        -      41        -      63
Deferred availability cash items                    (883)        3,414        +      18        -   1,287
Other liabilities and accrued dividends (7)                      6,033        -      55        +     588
      Total liabilities                             (883)      837,257        -  18,344        +  25,287
                          
Capital Accounts
Capital paid in                                                 16,968        -       6        +   1,911
Surplus                                                         15,425        +       1        +   2,524
Other capital accounts                                           1,936        -     271        -     326
      Total capital                                             34,329        -     276        +   4,109


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, September 19, 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           1,353       50,839   +   5,769            0           0       32,750       36,225
16 days to 90 days           6      157,527   -   5,360            0           0            0            0
91 days to 1 year            0      173,753   +   1,057            0           0     ------      ------
Over 1 to 5 years     ------        235,828   -   1,468            0           0     ------      ------
Over 5 to 10 years    ------         75,489           0            0           0     ------      ------
Over 10 years         ------         86,199   -       1            0           0     ------      ------
                   		 	
All                      1,359      779,635   -       3            0           0       32,750      36,225

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 September 19, 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                                           1,090         29         63         73        100        116        156        120         46         40         82        122        143
Securities, repurchase agreements,
      and loans                              813,744     37,439    294,712     35,949     33,245     70,937     75,349     68,188     26,018     16,278     26,351     35,702     93,574
   Securities held outright                  779,635     35,930    282,304     34,491     31,905     67,549     72,309     65,393     24,918     15,555     25,237     34,255     89,788
      U.S. Treasury (1)                      779,635     35,930    282,304     34,491     31,905     67,549     72,309     65,393     24,918     15,555     25,237     34,255     89,788
         Bills (2)                           267,019     12,306     96,687     11,813     10,927     23,135     24,765     22,397      8,534      5,328      8,644     11,732     30,752
         Notes and bonds(3)                  512,617     23,624    185,617     22,678     20,978     44,414     47,544     42,997     16,384     10,228     16,594     22,523     59,036
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                32,750      1,509     11,859      1,449      1,340      2,838      3,037      2,747      1,047        653      1,060      1,439      3,772
      Loans                                    1,359          0        550          9          0        550          2         47         53         70         54          9         15
Items in process of collection                 4,165        151       -123        384        455        279        961        302        504        238        260        254        499
Bank premises                                  2,086        119        217         57        155        176        230        206        102        114        244        259        207
Other assets(5)                               38,146      1,264     11,787      3,252      2,207      7,252      3,230      2,466        771        712        748        983      3,475
Interdistrict settlement account                   0    - 4,331    + 7,824    -   980    - 1,501    + 2,519    + 3,667    +     1    -   521    - 1,515    +   742    - 2,770    - 3,133
          Total Assets                       872,469     35,236    319,406     39,273     35,193     82,295     84,876     72,398     27,317     16,102     28,828     35,260     96,286

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 September 19, 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             998,826     37,080    361,844     40,896     38,171     81,466    111,271     79,945     29,196     17,203     30,109     57,842    113,801
  Less: notes held by F.R. Banks              225,459      5,901     73,349      8,149      8,914     15,077     34,660     14,936      4,162      3,213      3,840     25,870     27,389
    Federal Reserve notes, net                773,367     31,179    288,494     32,747     29,257     66,390     76,612     65,009     25,034     13,990     26,270     31,972     86,413
Reverse repurchase agreements (1)              36,225      1,669     13,117      1,603      1,482      3,139      3,360      3,038      1,158        723      1,173      1,592      4,172
Deposits                                       18,218        520      7,072        490      1,635      2,229      1,353      1,661        277        237        406        594      1,744
  Depository institutions                      13,452        518      2,394        486      1,630      2,165      1,349      1,659        276        236        404        593      1,741
  U.S. Treasury, general account                4,455          0      4,455          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 98          1         68          5          3         11          3          2          0          1          0          1          3
  Other                                           213          1        155          0          1         53          0          0          1          0          1          0          0
Deferred availability cash items                4,297        261         99        513        519        302        439        354        253        278        373        217        689
Other liabilities and accrued                 
  dividends (2)                                 6,033        268      1,830        281        275        877        554        485        224        156        210        284        587
   
    Total liabilities                         838,140     33,898    310,611     35,634     33,168     72,937     82,316     70,549     26,947     15,384     28,431     34,658     93,606
                              
Capital                    
Capital paid in                                16,968        847      4,289      1,809        917      4,661      1,229        904        176        353        190        287      1,307
Surplus                                        15,425        396      3,816      1,811      1,087      4,098      1,277        860        167        276        176        214      1,248
Other capital                                   1,936         94        690         18         21        600         53         85         28         88         31        100        125
     Total liabilities and capital            872,469     35,236    319,406     39,273     35,193     82,295     84,876     72,398     27,317     16,102     28,828     35,260     96,286
                              

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
                                          Sep 19, 2007
              
Federal Reserve notes outstanding             998,826
   Less: Notes held by F.R. Banks
         not subject to collateralization     225,459
      Federal Reserve Notes to be
         collateralized                       773,367 
Collateral held against Federal Reserve            
   notes                                      773,367
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              760,130
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         812,385
   Less:face value of securities under
         reverse repurchase agreements         36,276
      U.S. Treasury and agency securities
             eligible to be pledged           776,110
   

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.