Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 873,313 + 6,713 + 21,602 865,980

Securities held outright 713,365 + 7 - 67,444 713,388

U.S. Treasury1 713,365 + 7 - 67,444 713,388

Bills2 200,360 0 - 76,659 200,360

Notes and bonds, nominal2 470,010 0 + 1,457 470,010

Notes and bonds, inflation-indexed2 38,437 0 + 6,661 38,437

Inflation compensation3 4,559 + 8 + 1,098 4,581

Federal agency2 0 0 0 0

Repurchase agreements4 59,357 + 16,500 + 26,000 52,250

Term auction credit 60,000 0 + 60,000 60,000

Other loans to depository institutions 358 + 185 + 326 37

Primary credit 355 + 186 + 347 34

Secondary credit 0 0 0 0

Seasonal credit 3 - 2 - 21 3

Float -1,374 - 262 - 655 -1,545

Other Federal Reserve assets 41,607 - 9,716 + 3,374 41,850

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,736 + 14 + 418 38,736

Total factors supplying reserve funds 925,290 + 6,727 + 22,020 917,957

Currency in circulation5 815,956 + 550 + 9,077 817,899

Reverse repurchase agreements6 43,138 + 3,605 + 4,509 40,812

Foreign official and international accounts 43,138 + 3,605 + 4,509 40,812

Dealers 0 0 0 0

Treasury cash holdings 260 - 1 + 55 260

Deposits with F.R. Banks, other than reserve balances 11,985 + 115 + 206 11,917

U.S. Treasury, general account 4,867 + 127 + 142 4,794

Foreign official 97 - 1 + 5 98

Service-related 6,750 0 + 60 6,750

Required clearing balances 6,750 0 + 60 6,750

Adjustments to compensate for float 0 0 0 0

Other 271 - 12 0 275

Other liabilities and capital 44,396 + 662 + 5,741 43,965

Total factors, other than reserve balances,

absorbing reserve funds 915,735 + 4,931 + 19,588 914,852

Reserve balances with Federal Reserve Banks 9,556 + 1,797 + 2,433 3,104

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 2,150,012 + 8,556 + 301,608 2,144,806

U.S. Treasury 1,280,627 + 10,344 + 70,757 1,276,650

Federal agency 869,385 - 1,788 + 230,851 868,156

Securities lent to dealers 19,020 + 4,561 + 16,815 16,300

FEDERAL RESERVE statistical release

 March 6, 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, 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

 Mar 5, 2008 Week ended

 Mar 5, 2008 Feb 27, 2008 Mar 7, 2007
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 1,351 - 1 + 374

Securities, repurchase agreements, term auction

credit, and other loans 825,675 - 2,867 + 13,564

Securities held outright 713,388 + 33 - 67,430

U.S. Treasury1 713,388 + 33 - 67,430

Bills2 200,360 0 - 76,659

Notes and bonds, nominal2 470,010 0 + 1,457

Notes and bonds, inflation-indexed2 38,437 0 + 6,661

Inflation compensation3 4,581 + 32 + 1,111

Federal agency2 0 0 0

Repurchase agreements4 52,250 - 2,250 + 21,000

Term auction credit 60,000 0 + 60,000

Other loans 37 - 650 - 6

Items in process of collection (615) 1,715 + 150 - 1,867

Bank premises 2,140 + 2 + 171

Other assets5 39,584 - 10,182 + 3,083

Total assets (615) 883,702 - 12,897 + 15,326

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 780,769 + 1,317 + 9,914

Reverse repurchase agreements6 40,812 - 1,836 + 3,024

Deposits (0) 14,895 - 12,700 - 1,910

Depository institutions 9,729 - 12,394 - 2,281

U.S. Treasury, general account 4,794 - 309 + 345

Foreign official 98 - 1 + 2

Other (0) 275 + 5 + 25

Deferred availability cash items (615) 3,260 + 486 - 1,362

Other liabilities and accrued dividends7 4,415 - 301 - 1,386

Total liabilities (615) 844,151 - 13,034 + 8,281

Capital accounts

Capital paid in 19,461 + 66 + 3,501

Surplus 18,458 + 1 + 3,142

Other capital accounts 1,632 + 70 + 402

Total capital 39,551 + 137 + 7,045

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Mar 7, 2007

Eliminations from

consolidation Wednesday

 Mar 5, 2008

Wednesday

 Feb 27, 2008

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, March 5, 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 30,000 34 38,873 - 9,048 52,250 40,812

16 days to 90 days 30,000 3 126,745 + 9,926 0 0

91 days to 1 year . . . 0 133,639 - 524 . . . . . . 

Over 1 year to 5 years . . . . . . 231,000 - 341 . . . . . . 

Over 5 years to 10 years . . . . . . 88,945 + 7 . . . . . . 

Over 10 years . . . . . . 94,187 + 13 . . . . . . 

All 60,000 37 713,388 + 33 52,250 40,812

Assets, liabilities, and capital

Remaining maturity

Term auction

credit
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on March 5, 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 agreements4

Term 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, 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.

Assets, liabilities, and capital

 11,037 2,200 1,351 825,675 713,388 713,388 200,360 513,028 0 52,250 60,000 37 2,330 2,140 39,584 0 884,316

 449 115 44 36,295 32,877 32,877 9,234 23,643 0 2,408 1,010 0 75 119 2,027 - 1,492 37,631

 4,053 874 63 318,912 258,316 258,316 72,550 185,766 0 18,920 41,677 0 31 214 12,235 -21,032 315,351

 455 83 110 33,872 31,561 31,561 8,864 22,697 0 2,312 0 0 156 65 3,016 + 2,234 39,990

 428 104 128 31,838 29,194 29,194 8,199 20,995 0 2,138 500 6 434 152 2,321 + 1,383 36,788

 869 147 155 67,055 61,809 61,809 17,360 44,450 0 4,527 708 10 174 186 7,915 + 4,487 80,988

 1,117 166 163 74,221 66,165 66,165 18,583 47,582 0 4,846 3,210 0 146 229 3,191 + 7,018 86,252

 903 212 155 66,940 59,837 59,837 16,806 43,031 0 4,383 2,720 1 198 207 2,209 + 7,120 77,944

 326 71 58 25,552 22,801 22,801 6,404 16,397 0 1,670 1,080 2 91 118 721 + 3,525 30,462

    18, 14, 14, 3, 10,  1, 3,     - 1, 18,
 994,268

 213,499 780,769 780,769 11,037 2,200 724,785 42,747 765,638 40,853 724,785

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.

 994,268 213,499 780,769 40,812 14,895 9,729 4,794 98 275 3,875 4,415 844,765 19,461 18,458 1,632 884,316

 39,145 6,352 32,793 1,881 366 353 0 2 11 186 206 35,432 1,077 1,049 73 37,631

 345,408 63,439 281,969 14,778 7,079 2,055 4,794 68 162 68 1,344 305,238 4,897 4,624 591 315,351

 41,856 8,556 33,300 1,806 380 375 0 4 0 605 212 36,303 1,817 1,813 57 39,990

 39,557 8,512 31,045 1,670 642 639 0 3 0 550 221 34,127 1,310 1,291 60 36,788

 79,446 14,710 64,735 3,536 1,414 1,316 0 11 87 309 514 70,508 5,175 4,997 308 80,988

 112,902 35,212 77,691 3,785 1,031 1,028 0 3 0 297 447 83,251 1,455 1,426 121 86,252

 85,433 14,633 70,800 3,423 736 734 0 2 0 347 372 75,678 1,256 815 195 77,944

 32,468 4,293 28,175 1,304 330 316 0 0 13 76 188 30,073 182 180 27 30,462

 18,8 2,9 15,9 8 2 2    3 1 17,3 3 3  18,1

H.4.14. Statement of Condition of Each Federal Reserve Bank on March 5, 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

 Mar 5, 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.