Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 868,439 + 1,245 + 18,592 868,853

Securities held outright 548,651 + 29 - 236,136 548,661

U.S. Treasury1 548,651 + 29 - 236,136 548,661

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

Notes and bonds, nominal2 435,051 0 - 36,663 435,051

Notes and bonds, inflation-indexed2 38,437 0 + 6,101 38,437

Inflation compensation3 4,846 + 29 + 1,127 4,857

Federal agency2 0 0 0 0

Repurchase agreements4 107,786 + 822 + 82,822 109,500

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

Other loans 33,390 + 727 + 33,275 32,043

Primary credit 10,731 + 2,890 + 10,670 13,462

Secondary credit 0 0 0 0

Seasonal credit 26 + 8 - 29 25

Primary dealer credit facility 22,634 - 2,170 + 22,634 18,555

Other credit extensions 0 0 0 0

Float -1,854 - 416 - 907 -2,169

Other Federal Reserve assets 80,466 + 83 + 39,539 80,818

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,778 + 14 + 375 38,778

Total factors supplying reserve funds 920,457 + 1,259 + 18,965 920,872

Currency in circulation5 812,889 - 1,075 + 5,688 813,679

Reverse repurchase agreements6 40,046 - 1 + 5,966 39,912

Foreign official and international accounts 40,046 - 1 + 5,966 39,912

Dealers 0 0 0 0

Treasury cash holdings 351 - 6 + 46 322

Deposits with F.R. Banks, other than reserve balances 13,000 + 688 - 448 13,142

U.S. Treasury, general account 5,437 + 692 - 1,097 5,570

Foreign official 102 + 5 + 10 118

Service-related 7,151 - 3 + 595 7,151

Required clearing balances 7,151 - 3 + 595 7,151

Adjustments to compensate for float 0 0 0 0

Other 310 - 6 + 44 302

Other liabilities and capital 44,017 - 940 + 4,976 43,789

Total factors, other than reserve balances,

absorbing reserve funds 910,303 - 1,334 + 16,229 910,843

Reserve balances with Federal Reserve Banks 10,154 + 2,592 + 2,736 10,029

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 2,252,954 + 12,651 + 334,832 2,254,015

U.S. Treasury 1,331,610 + 3,975 + 103,593 1,327,918

Federal agency 921,344 + 8,676 + 231,239 926,097

Securities lent to dealers 169,680 + 31,263 + 167,022 175,907

Overnight facility8 14,302 + 4,985 + 11,644 16,958

Term facility9 155,378 + 26,278 + 155,378 158,949

FEDERAL RESERVE statistical release

 April 24, 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 23, 2008 Week ended

 Apr 23, 2008 Apr 16, 2008 Apr 25, 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 1,422 + 41 + 403

Securities, repurchase agreements, term auction

credit, and other loans 790,204 + 2,814 - 35,002

Securities held outright 548,661 + 29 - 238,488

U.S. Treasury1 548,661 + 29 - 238,488

Bills2 70,317 0 - 206,702

Notes and bonds, nominal2 435,051 0 - 39,008

Notes and bonds, inflation-indexed2 38,437 0 + 6,101

Inflation compensation3 4,857 + 30 + 1,121

Federal agency2 0 0 0

Repurchase agreements4 109,500 + 5,250 + 71,500

Term auction credit 100,000 0 + 100,000

Other loans 32,043 - 2,465 + 31,986

Items in process of collection (702) 2,209 + 729 - 498

Bank premises 2,146 + 3 + 156

Other assets5 78,591 + 18 + 39,289

Total assets (702) 887,810 + 3,607 + 4,349

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 776,641 - 870 + 5,210

Reverse repurchase agreements6 39,912 - 747 + 5,887

Deposits (0) 23,090 + 5,321 - 11,892

Depository institutions 17,100 + 4,357 - 5,266

U.S. Treasury, general account 5,570 + 956 - 6,680

Foreign official 118 + 21 + 26

Other (0) 302 - 13 + 28

Deferred availability cash items (702) 4,378 + 503 - 154

Other liabilities and accrued dividends7 4,158 - 198 - 1,679

Total liabilities (702) 848,179 + 4,009 - 2,628

Capital accounts

Capital paid in 19,603 + 18 + 3,731

Surplus 18,472 + 1 + 3,110

Other capital accounts 1,557 - 420 + 138

Total capital 39,631 - 402 + 6,978

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Apr 25, 2007

Eliminations from

consolidation Wednesday

 Apr 23, 2008

Wednesday

 Apr 16, 2008

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, April 23, 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 100,000 21,933 22,157 - 2,468 69,500 39,912

16 days to 90 days 0 10,109 50,884 + 2,990 40,000 0

91 days to 1 year . . . 0 99,437 - 520 . . . . . . 

Over 1 year to 5 years . . . . . . 195,977 + 9 . . . . . . 

Over 5 years to 10 years . . . . . . 85,907 + 6 . . . . . . 

Over 10 years . . . . . . 94,299 + 12 . . . . . . 

All 100,000 32,043 548,661 + 29 109,500 39,912

Assets, liabilities, and capital

Remaining maturity

Term auction

credit
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 23, 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 1,422 790,204 548,661 548,661 70,317 478,344 0 109,500 100,000 32,043 2,911 2,146 78,591 0 888,512

 424 115 48 28,606 23,013 23,013 2,949 20,064 0 4,593 1,000 0 57 119 4,167 + 4,027 37,563

 3,935 874 66 341,026 195,210 195,210 25,018 170,192 0 38,959 78,321 28,535 0 214 22,150 -48,597 319,668

 453 83 108 28,774 23,955 23,955 3,070 20,885 0 4,781 0 38 301 65 6,787 + 3,121 39,692

 423 104 136 30,637 20,805 20,805 2,666 18,139 0 4,152 3,925 1,755 329 152 4,952 + 680 37,413

 891 147 162 67,086 49,752 49,752 6,376 43,375 0 9,929 7,155 250 54 192 18,227 - 6,273 80,485

 1,221 166 162 70,482 54,591 54,591 6,996 47,594 0 10,895 4,969 28 265 228 6,297 +12,628 91,450

 913 212 167 59,427 48,425 48,425 6,206 42,218 0 9,664 725 613 184 205 4,057 +12,633 77,798

 344 71 57 24,100 18,960 18,960 2,430 16,530 0 3,784 1,049 307 25 121 1,154 + 3,568 29,440

    12, 10, 10, 1, 9,  2,     1, + 3, 17,
 983,589

 206,949 776,641 776,641 11,037 2,200 618,188 145,216 658,161 39,974 618,188

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.

 983,589 206,949 776,641 39,912 23,090 17,100 5,570 118 302 5,080 4,158 848,880 19,603 18,472 1,557 888,512

 38,274 5,822 32,452 1,674 896 884 0 2 10 194 164 35,381 1,087 1,050 45 37,563

 339,870 57,839 282,031 14,200 11,900 6,065 5,570 88 177 0 1,564 309,696 4,903 4,637 433 319,668

 41,293 7,968 33,325 1,743 333 329 0 4 0 415 192 36,008 1,851 1,814 20 39,692

 39,128 8,319 30,809 1,513 1,023 1,019 0 3 1 1,198 189 34,732 1,340 1,291 49 37,413

 78,424 14,303 64,121 3,619 1,708 1,597 0 11 100 239 472 70,159 5,174 4,997 154 80,485

 116,100 34,427 81,673 3,971 1,899 1,896 0 3 0 280 376 88,199 1,611 1,425 214 91,450

 84,322 14,659 69,663 3,523 1,437 1,435 0 2 0 315 310 75,248 1,260 815 475 77,798

 31,564 4,495 27,069 1,379 344 331 0 0 13 116 154 29,063 182 180 16 29,440

 18,4 2,8 15,5 7 2 2    3 1 17,0 3 3  17,6

H.4.14. Statement of Condition of Each Federal Reserve Bank on April 23, 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 23, 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.