Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 873,485 - 4,238 + 23,593 874,629

Securities held outright 482,050 - 4,859 - 308,309 482,073

U.S. Treasury1 482,050 - 4,859 - 308,309 482,073

Bills2 25,143 - 4,926 - 251,876 25,143

Notes and bonds, nominal2 412,392 0 - 62,280 412,392

Notes and bonds, inflation-indexed2 39,171 0 + 4,712 39,171

Inflation compensation3 5,345 + 68 + 1,136 5,368

Federal agency2 0 0 0 0

Repurchase agreements4 116,821 + 2,714 + 95,750 118,250

Term auction credit 150,000 0 + 150,000 150,000

Other loans 21,875 - 2,384 + 21,729 22,037

Primary credit 13,148 - 2,773 + 13,122 13,450

Secondary credit 224 + 224 + 224 0

Seasonal credit 67 - 10 - 53 67

Primary dealer credit facility 8,436 + 175 + 8,436 8,520

Other credit extensions 0 0 0 0

Float -1,399 - 153 - 574 -1,600

Other Federal Reserve assets 104,138 + 443 + 64,997 103,868

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,819 + 14 + 342 38,819

Total factors supplying reserve funds 925,545 - 4,224 + 23,935 926,688

Currency in circulation5 822,782 - 660 + 11,358 823,602

Reverse repurchase agreements6 40,114 + 1,120 + 7,799 39,755

Foreign official and international accounts 40,114 + 1,120 + 7,799 39,755

Dealers 0 0 0 0

Treasury cash holdings 273 - 7 - 23 280

Deposits with F.R. Banks, other than reserve balances 12,316 + 38 + 436 11,834

U.S. Treasury, general account 4,849 + 5 - 109 4,369

Foreign official 99 0 - 10 100

Service-related 7,096 + 25 + 513 7,096

Required clearing balances 7,096 + 25 + 513 7,096

Adjustments to compensate for float 0 0 0 0

Other 273 + 9 + 42 269

Other liabilities and capital 44,539 + 412 + 5,088 43,942

Total factors, other than reserve balances,

absorbing reserve funds 920,024 + 903 + 24,657 919,412

Reserve balances with Federal Reserve Banks 5,521 - 5,126 - 722 7,277

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 2,304,142 + 2,739 + 348,823 2,307,941

U.S. Treasury 1,349,729 - 825 + 123,062 1,352,702

Federal agency 954,413 + 3,563 + 225,761 955,239

Securities lent to dealers 106,700 - 8,918 + 103,113 105,382

Overnight facility8 9,733 - 6,217 + 6,146 8,682

Term facility9 96,967 - 2,702 + 96,967 96,700

FEDERAL RESERVE statistical release

 June 12, 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 U.S. Treasury securities.

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

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

Change from week ended Wednesday

 Jun 11, 2008 Week ended

 Jun 11, 2008 Jun 4, 2008 Jun 13, 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 1,339 + 14 + 425

Securities, repurchase agreements, term auction

credit, and other loans 772,360 - 5,119 - 40,163

Securities held outright 482,073 - 4,864 - 308,307

U.S. Treasury1 482,073 - 4,864 - 308,307

Bills2 25,143 - 4,926 - 251,876

Notes and bonds, nominal2 412,392 0 - 62,280

Notes and bonds, inflation-indexed2 39,171 0 + 4,712

Inflation compensation3 5,368 + 63 + 1,137

Federal agency2 0 0 0

Repurchase agreements4 118,250 - 1,500 + 96,250

Term auction credit 150,000 0 + 150,000

Other loans 22,037 + 1,244 + 21,895

Items in process of collection (585) 1,136 - 723 - 1,560

Bank premises 2,149 - 3 + 121

Other assets5 101,716 + 728 + 64,364

Total assets (585) 891,937 - 5,103 + 23,188

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 786,398 - 705 + 11,428

Reverse repurchase agreements6 39,755 - 2,365 + 8,176

Deposits (0) 19,107 - 2,276 - 46

Depository institutions 14,369 - 1,381 + 279

U.S. Treasury, general account 4,369 - 909 - 373

Foreign official 100 + 2 + 5

Other (0) 269 + 13 + 43

Deferred availability cash items (585) 2,736 - 119 - 1,474

Other liabilities and accrued dividends7 3,579 + 250 - 2,467

Total liabilities (585) 851,574 - 5,215 + 15,616

Capital accounts

Capital paid in 19,931 + 8 + 3,834

Surplus 18,486 0 + 3,115

Other capital accounts 1,946 + 104 + 623

Total capital 40,363 + 112 + 7,572

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jun 13, 2007

Eliminations from

consolidation Wednesday

 Jun 11, 2008

Wednesday

 Jun 4, 2008

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, June 11, 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 75,000 9,906 3,403 - 3,416 78,250 39,755

16 days to 90 days 75,000 12,131 41,236 + 858 40,000 0

91 days to 1 year . . . 0 79,105 - 2,363 . . . . . . 

Over 1 year to 5 years . . . . . . 171,751 + 20 . . . . . . 

Over 5 years to 10 years . . . . . . 90,094 + 14 . . . . . . 

Over 10 years . . . . . . 96,485 + 26 . . . . . . 

All 150,000 22,037 482,073 - 4,864 118,250 39,755

Assets, liabilities, and capital

Remaining maturity

Term auction

credit
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on June 11, 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 1,339 772,360 482,073 482,073 25,143 456,931 0 118,250 150,000 22,037 1,721 2,149 101,716 0 892,522

 424 115 45 26,680 20,220 20,220 1,055 19,165 0 4,960 1,500 0 67 118 5,494 + 3,983 36,926

 3,935 874 58 332,005 171,519 171,519 8,946 162,573 0 42,073 99,390 19,024 0 212 27,693 -49,626 315,152

 453 83 96 28,461 21,048 21,048 1,098 19,950 0 5,163 2,240 10 159 65 9,131 + 2,362 40,810

 423 104 109 25,245 18,280 18,280 953 17,327 0 4,484 2,468 13 353 151 6,602 + 4,427 37,415

 891 147 168 65,071 43,714 43,714 2,280 41,434 0 10,723 10,606 29 177 197 24,767 - 5,425 85,993

 1,221 166 160 65,624 47,965 47,965 2,502 45,464 0 11,766 5,823 70 3 227 8,242 +19,951 95,594

 913 212 164 57,465 42,548 42,548 2,219 40,328 0 10,437 3,670 811 137 206 5,001 +14,131 78,228

 344 71 47 22,955 16,659 16,659 869 15,790 0 4,086 2,050 160 24 124 1,323 + 4,334 29,221

    13, 9, 9,  8,  2, 1,    1, + 1, 17,
 988,651

 202,253 786,398 786,398 11,037 2,200 561,152 212,009 600,323 39,171 561,152

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.

 988,651 202,253 786,398 39,755 19,107 14,369 4,369 100 269 3,321 3,579 852,159 19,931 18,486 1,946 892,522

 37,723 5,148 32,575 1,667 459 444 0 2 13 177 160 35,038 816 1,050 22 36,926

 344,494 61,847 282,648 14,144 7,339 2,722 4,369 70 178 0 932 305,063 4,933 4,650 506 315,152

 40,766 7,214 33,552 1,736 578 574 0 4 0 418 210 36,494 2,334 1,814 168 40,810

 39,043 7,599 31,444 1,507 705 701 0 3 1 751 199 34,606 1,401 1,291 116 37,415

 80,841 13,221 67,620 3,605 3,611 3,544 0 11 55 257 516 75,608 5,178 4,998 210 85,993

 119,259 32,724 86,534 3,956 1,188 1,185 0 3 0 270 360 92,308 1,626 1,425 234 95,594

 83,829 13,376 70,454 3,509 1,112 1,110 0 2 0 241 312 75,627 1,280 815 506 78,228

 30,894 3,980 26,913 1,374 356 336 0 0 19 46 154 28,843 181 180 17 29,221

 18,0 2,8 15,2 7 4 4    2 1 16,8 3 3  17,5

H.4.14. Statement of Condition of Each Federal Reserve Bank on June 11, 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

 Jun 11, 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.