FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           December 6, 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            Dec 5, 2007 Nov 28, 2007  Dec 6, 2006  Dec 5, 2007
Federal Reserve Banks

Reserve Bank Credit                                         866,962    -   2,658    +  24,652      868,380
 Securities held outright                                   779,705    +      22    +   6,337      779,715       
    U.S. Treasury (1)                                       779,705    +      22    +   6,337      779,715
       Bills (2)                                            267,019            0    -  10,000      267,019
       Notes and bonds, nominal (2)                         470,984            0    +   8,831      470,984
       Notes and bonds, inflation-indexed (2)                36,911            0    +   6,806       36,911
       Inflation compensation (3)                             4,791    +      21    +     699        4,801
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    46,857    -   2,393    +  17,178       46,500
 Loans to depository institutions                               342    +     287    +     159        2,146
    Primary credit                                              309    +     302    +     208        2,108
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              33    -      15    -      49           38
 Float                                                         -759    -     191    -   1,937         -915
 Other Federal Reserve assets                                40,817    -     383    +   2,914       40,934
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,765    +      14    +     588       38,765
       
Total factors supplying reserve funds                       918,968    -   2,644    +  25,240      920,386
                                                                   
Currency in circulation(5)                                  818,102    -   3,890    +  12,499      819,261
Reverse repurchase agreements (6)                            36,036    +     890    +   6,835       36,650
   Foreign official and international accounts               36,036    +     890    +   6,835       36,650
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          265    -       2    +      99          257
Deposits with F.R.Banks, other than reserve balances         11,794    -     277    -     507       12,011       
  U.S. Treasury, general account                              4,905    -     271    -     155        5,079
  Foreign official                                               97            0    +       6           96
  Service-related                                             6,486    -       1    -     346        6,486
     Required clearing balances                               6,486    -       1    -     346        6,486
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         306    -       5    -      13          350
Other liabilities and capital                                42,697    -     551    +   6,359       42,710

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  908,894    -   3,830    +  25,285      910,890

Reserve balances with Federal Reserve Banks                  10,074    +   1,187    -      45        9,497
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         2,036,737    +   5,262    + 324,168    2,033,518
     U.S. Treasury                                        1,225,718    +     425    +  77,192    1,225,176
     Federal agency                                         811,019    +   4,838    + 246,976      808,342
  Securities lent to dealers                                  5,747    -   2,259    +   3,715        4,486   


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  Dec 5, 2007     Nov 28, 2007      Dec 6, 2006

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,190        +      25        +     376
Securities, repurchase agreements, and loans                   828,361        +   2,614        +  21,880
   Securities held outright                                    779,715        +      22        +   5,500
      U.S. Treasury (1)                                        779,715        +      22        +   5,500       
         Bills (2)                                             267,019                0        -  10,000
         Notes and bonds, nominal (2)                          470,984                0        +   7,969
         Notes and bonds, inflation-indexed (2)                 36,911                0        +   6,806
         Inflation compensation (3)                              4,801        +      22        +     724
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    46,500        +     500        +  14,500    
   Loans                                                         2,146        +   2,092        +   1,880
Items in process of collection                      (700)        2,445        +     882        -   4,982
Bank premises                                                    2,118        +       4        +     195
Other assets (5)                                                38,814        -     210        +   2,556
      Total assets                                  (700)      886,165        +   3,317        +  20,025
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  781,939        -   1,736        +  12,282
Reverse repurchase agreements (6)                               36,650        +   2,378        +   7,611
Deposits                                              (0)       21,506        +   1,930        -   4,953       
  Depository institutions                                       15,981        +   1,504        -   5,594
  U.S. Treasury, general account                                 5,079        +     368        +     556
  Foreign official                                                  96        -       1        +       2
  Other                                               (0)          350        +      59        +      83
Deferred availability cash items                    (700)        3,360        +     482        -   1,472
Other liabilities and accrued dividends (7)                      5,996        +      92        +      28
      Total liabilities                             (700)      849,451        +   3,146        +  13,497
                          
Capital Accounts
Capital paid in                                                 18,187        -      91        +   2,879
Surplus                                                         15,461        +       4        +   4,907
Other capital accounts                                           3,066        +     257        -   1,257
      Total capital                                             36,714        +     171        +   6,529


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,   December 5, 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             113       49,744   -   8,456            0           0       38,500       36,650
16 days to 90 days       2,033      164,739   +   5,933            0           0        8,000            0
91 days to 1 year            0      159,811   -     635            0           0     ------      ------
Over 1 to 5 years     ------        234,701   +   3,167            0           0     ------      ------
Over 5 to 10 years    ------         81,935   +       4            0           0     ------      ------
Over 10 years         ------         88,785   +       9            0           0     ------      ------
                   		 	
All                      2,146      779,715   +      22            0           0       46,500      36,650

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   December 5, 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                                           1,190         40         59         88        115        131        155        139         52         44         74        131        162
Securities, repurchase agreements,
      and loans                              828,361     38,080    301,270     36,559     33,811     71,585     76,630     69,307     26,407     16,491     26,762     36,305     95,155
   Securities held outright                  779,715     35,934    282,333     34,495     31,908     67,556     72,317     65,400     24,920     15,557     25,240     34,258     89,797
      U.S. Treasury (1)                      779,715     35,934    282,333     34,495     31,908     67,556     72,317     65,400     24,920     15,557     25,240     34,258     89,797
         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)                  512,696     23,628    185,646     22,682     20,981     44,421     47,551     43,003     16,386     10,229     16,596     22,526     59,045
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                46,500      2,143     16,838      2,057      1,903      4,029      4,313      3,900      1,486        928      1,505      2,043      5,355
      Loans                                    2,146          3      2,100          7          0          0          0          7          0          6         17          4          3
Items in process of collection                 3,145        136         64        152        263        119        629        128         69        203        341        305        737
Bank premises                                  2,118        119        215         63        153        181        230        204        108        113        264        257        212
Other assets(5)                               38,814      1,261     11,852      3,483      2,262      7,517      3,292      2,479        734        722        747        966      3,498
Interdistrict settlement account                   0    - 2,715    + 3,196    -   757    -   367    + 4,672    - 3,910    + 1,074    + 3,387    -    15    + 3,656    - 2,897    - 5,324
          Total Assets                       886,865     37,485    321,583     40,125     36,769     85,221     78,309     74,445     31,154     17,792     32,244     35,778     95,958

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   December 5, 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           1,005,311     39,212    358,532     41,434     38,890     81,529    107,259     82,373     32,970     18,651     33,259     57,862    113,340
  Less: notes held by F.R. Banks              223,372      6,228     71,374      7,974      7,685     14,076     37,644     14,808      3,982      2,964      3,483     25,601     27,553
    Federal Reserve notes, net                781,939     32,983    287,158     33,460     31,205     67,453     69,615     67,566     28,989     15,686     29,776     32,260     85,787
Reverse repurchase agreements (1)              36,650      1,689     13,271      1,621      1,500      3,175      3,399      3,074      1,171        731      1,186      1,610      4,221
Deposits                                       21,506        510     10,034        559        938      3,221      1,454      1,204        309        248        411        667      1,951
  Depository institutions                      15,981        482      4,658        554        934      3,135      1,442      1,202        296        247        417        666      1,947
  U.S. Treasury, general account                5,079          0      5,079          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 96          1         66          5          3         11          3          2          0          1          0          1          3
  Other                                           350         27        232          0          0         76          8          0         12          0         -7          0          0
Deferred availability cash items                4,060        217        108        564        528        304        437        326         90        252        269        221        744
Other liabilities and accrued                 
  dividends (2)                                 5,996        265      1,732        284        275        985        593        465        215        157        201        270        553
   
    Total liabilities                         850,151     35,665    312,304     36,488     34,446     75,138     75,498     72,635     30,775     17,075     31,844     35,029     93,255
                              
Capital                    
Capital paid in                                18,187        985      4,538      1,813      1,154      4,995      1,411        880        180        354        190        362      1,323
Surplus                                        15,461        396      3,845      1,811      1,088      4,099      1,279        861        167        276        176        214      1,248
Other capital                                   3,066        440        897         12         81        989        121         69         32         87         34        172        132
     Total liabilities and capital            886,865     37,485    321,583     40,125     36,769     85,221     78,309     74,445     31,154     17,792     32,244     35,778     95,958
                              

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
                                           Dec 5, 2007
              
Federal Reserve notes outstanding           1,005,311
   Less: Notes held by F.R. Banks
         not subject to collateralization     223,372
      Federal Reserve Notes to be
         collateralized                       781,939 
Collateral held against Federal Reserve            
   notes                                      781,939
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              768,702
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         826,215
   Less:face value of securities under
         reverse repurchase agreements         36,701
      U.S. Treasury and agency securities
             eligible to be pledged           789,514
   

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.