Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 859,548 + 6,550 + 34,415 876,096

Securities held outright 779,634 - 2 + 10,726 779,633

U.S. Treasury1 779,634 - 2 + 10,726 779,633

Bills2 267,019 0 - 10,000 267,019

Notes and bonds, nominal2 472,142 0 + 10,351 472,142

Notes and bonds, inflation-indexed2 35,753 0 + 9,734 35,753

Inflation compensation3 4,720 - 3 + 640 4,719

Federal agency2 0 0 0 0

Repurchase agreements4 39,107 + 8,928 + 22,464 56,000

Loans to depository institutions 306 - 2,115 - 78 207

Primary credit 88 - 2,091 + 57 0

Secondary credit 0 0 0 0

Seasonal credit 218 - 23 - 135 207

Float -175 - 797 + 488 -586

Other Federal Reserve assets 40,676 + 536 + 814 40,843

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,653 + 14 + 584 38,653

Total factors supplying reserve funds 911,442 + 6,564 + 34,999 927,990

Currency in circulation5 809,870 - 45 + 19,122 812,059

Reverse repurchase agreements6 35,138 - 597 + 6,747 35,312

Foreign official and international accounts 35,138 - 597 + 6,747 35,312

Dealers 0 0 0 0

Treasury cash holdings 333 - 6 + 175 336

Deposits with F.R. Banks, other than reserve balances 11,745 - 687 + 139 11,921

U.S. Treasury, general account 4,761 - 655 + 481 4,943

Foreign official 97 - 8 + 7 96

Service-related 6,649 - 4 - 318 6,649

Required clearing balances 6,649 - 4 - 318 6,649

Adjustments to compensate for float 0 0 0 0

Other 238 - 20 - 31 233

Other liabilities and capital 41,150 + 253 + 4,938 40,846

Total factors, other than reserve balances,

absorbing reserve funds 898,236 - 1,081 + 31,121 900,473

Reserve balances with Federal Reserve Banks 13,206 + 7,645 + 3,878 27,517

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,995,246 + 7,747 + 333,837 1,997,612

U.S. Treasury 1,214,842 + 3,845 + 95,652 1,213,618

Federal agency 780,404 + 3,902 + 238,185 783,994

Securities lent to dealers 3,319 + 1,142 + 2,209 4,158

FEDERAL RESERVE statistical release

 September 27, 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

 Sep 26, 2007 Week ended

 Sep 26, 2007 Sep 19, 2007 Sep 27, 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 1,105 + 15 + 247

Securities, repurchase agreements, and loans 835,840 + 22,096 + 39,058

Securities held outright 779,633 - 2 + 10,718

U.S. Treasury1 779,633 - 2 + 10,718

Bills2 267,019 0 - 10,000

Notes and bonds, nominal2 472,142 0 + 10,351

Notes and bonds, inflation-indexed2 35,753 0 + 9,734

Inflation compensation3 4,719 - 3 + 632

Federal agency2 0 0 0

Repurchase agreements4 56,000 + 23,250 + 28,500

Loans 207 - 1,152 - 159

Items in process of collection (771) 2,607 - 675 - 534

Bank premises 2,090 + 4 + 201

Other assets5 38,813 + 667 + 744

Total assets (771) 893,691 + 22,105 + 39,716

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 774,843 + 1,476 + 19,701

Reverse repurchase agreements6 35,312 - 913 + 3,846

Deposits (0) 39,511 + 21,293 + 12,448

Depository institutions 34,239 + 20,787 + 12,088

U.S. Treasury, general account 4,943 + 488 + 358

Foreign official 96 - 2 + 5

Other (0) 233 + 20 - 3

Deferred availability cash items (771) 3,180 - 234 - 1,427

Other liabilities and accrued dividends7 6,006 - 27 + 492

Total liabilities (771) 858,851 + 21,594 + 35,059

Capital accounts

Capital paid in 17,147 + 179 + 2,080

Surplus 15,425 0 + 2,524

Other capital accounts 2,268 + 332 + 54

Total capital 34,840 + 511 + 4,658

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Sep 27, 2006

Eliminations from

consolidation Wednesday

 Sep 26, 2007

Wednesday

 Sep 19, 2007

3. Maturity Distribution of Loans and Securities, September 26, 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 201 52,162 + 1,323 0 0 56,000 35,312

16 days to 90 days 6 157,593 + 66 0 0 0 0

91 days to 1 year 0 172,365 - 1,388 0 0 . . . . . . 

Over 1 year to 5 years . . . 235,828 0 0 0 . . . . . . 

Over 5 years to 10 years . . . 75,488 - 1 0 0 . . . . . . 

Over 10 years . . . 86,198 - 1 0 0 . . . . . . 

All 207 779,633 - 2 0 0 56,000 35,312

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on September 26, 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 1,105 835,840 779,633 779,633 267,019 512,614 0 56,000 207 3,378 2,090 38,813 0 894,462

Assets, liabilities, and capital

 4,053 874 61 302,580 282,303 282,303 96,687 185,616 0 20,277 0 66 217 12,007 +16,319 336,179

 449 115 32 38,511 35,930 35,930 12,306 23,624 0 2,581 0 130 119 1,291 - 5,069 35,578

 455 83 77 36,978 34,491 34,491 11,813 22,678 0 2,477 9 286 57 3,299 - 1,562 39,674

 428 104 102 34,197 31,905 31,905 10,927 20,978 0 2,292 0 311 154 2,245 - 2,097 35,444

 869 147 117 72,401 67,549 67,549 23,135 44,414 0 4,852 0 297 177 7,337 + 2,489 83,835

 1,117 166 156 77,503 72,309 72,309 24,765 47,544 0 5,194 0 467 230 3,301 + 1,929 84,869

 903 212 124 70,123 65,393 65,393 22,397 42,996 0 4,697 33 259 206 2,519 - 1,574 72,773

 326 71 50 26,760 24,918 24,918 8,534 16,384 0 1,790 52 157 104 767 - 956 27,279

 2   16,7 15,5 15,5 5,3 10,2  1,1  2 1 7 - 6 17,4
 999,845

 225,002 774,843 774,843 11,037 2,200 761,606 0 835,633 35,351 800,282

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.

 999,845 225,002 774,843 35,312 39,511 34,239 4,943 96 233 3,951 6,006 859,622 17,147 15,425 2,268 894,462

 37,040 6,034 31,006 1,627 1,087 1,081 0 1 5 219 269 34,208 847 396 127 35,578

 362,857 72,223 290,634 12,786 21,973 16,797 4,943 66 168 97 1,809 327,299 4,289 3,816 776 336,179

 40,836 8,153 32,682 1,562 916 911 0 5 0 556 283 36,000 1,810 1,811 53 39,674

 38,175 8,979 29,195 1,445 1,806 1,801 0 3 2 503 275 33,225 1,089 1,087 43 35,444

 81,589 15,281 66,308 3,059 3,828 3,762 0 11 55 347 871 74,414 4,661 4,098 662 83,835

 111,440 34,788 76,652 3,275 1,409 1,406 0 3 0 390 562 82,288 1,229 1,277 75 84,869

 79,925 14,939 64,986 2,962 2,152 2,149 0 2 0 313 483 70,896 905 860 111 72,773

 29,191 4,130 25,061 1,129 296 295 0 0 1 191 225 26,901 179 167 32 27,279

 17,1 3,2 13,9 7 1,6 1,6    2 1 16,7 3 2  17,4

H.4.14. Statement of Condition of Each Federal Reserve Bank on September 26, 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

 Sep 26, 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.