Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 863,773 - 3,181 + 26,415 867,291

Securities held outright 774,728 - 4,977 - 686 774,735

U.S. Treasury1 774,728 - 4,977 - 686 774,735

Bills2 262,019 - 5,000 - 15,000 262,019

Notes and bonds, nominal2 470,984 0 + 6,743 470,984

Notes and bonds, inflation-indexed2 36,911 0 + 6,806 36,911

Inflation compensation3 4,814 + 23 + 764 4,821

Federal agency2 0 0 0 0

Repurchase agreements4 45,643 - 1,214 + 23,179 47,750

Loans to depository institutions 3,047 + 2,705 + 2,819 4,547

Primary credit 3,009 + 2,700 + 2,862 4,514

Secondary credit 3 + 3 + 3 0

Seasonal credit 36 + 3 - 45 33

Float -782 - 16 - 2,310 -973

Other Federal Reserve assets 41,137 + 322 + 3,413 41,232

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,779 + 14 + 595 38,779

Total factors supplying reserve funds 915,793 - 3,167 + 27,010 919,311

Currency in circulation5 818,295 + 193 + 12,070 819,841

Reverse repurchase agreements6 37,972 + 1,936 + 9,890 37,764

Foreign official and international accounts 37,972 + 1,936 + 9,890 37,764

Dealers 0 0 0 0

Treasury cash holdings 256 - 9 + 76 247

Deposits with F.R. Banks, other than reserve balances 11,757 - 37 - 352 11,275

U.S. Treasury, general account 4,831 - 74 + 91 4,333

Foreign official 97 0 + 6 97

Service-related 6,553 + 67 - 462 6,554

Required clearing balances 6,541 + 55 - 474 6,541

Adjustments to compensate for float 13 + 13 + 13 13

Other 275 - 31 + 11 292

Other liabilities and capital 43,064 + 367 + 6,625 42,824

Total factors, other than reserve balances,

absorbing reserve funds 911,343 + 2,449 + 28,309 911,951

Reserve balances with Federal Reserve Banks 4,451 - 5,615 - 1,298 7,361

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 2,040,303 + 3,566 + 310,029 2,042,499

U.S. Treasury 1,228,614 + 2,896 + 67,416 1,225,020

Federal agency 811,688 + 669 + 242,612 817,479

Securities lent to dealers 7,919 + 2,172 + 4,773 12,825

FEDERAL RESERVE statistical release

 December 13, 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

 Dec 12, 2007 Week ended

 Dec 12, 2007 Dec 5, 2007 Dec 13, 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 1,209 + 19 + 382

Securities, repurchase agreements, and loans 827,032 - 1,329 + 29,242

Securities held outright 774,735 - 4,980 - 868

U.S. Treasury1 774,735 - 4,980 - 868

Bills2 262,019 - 5,000 - 15,000

Notes and bonds, nominal2 470,984 0 + 6,539

Notes and bonds, inflation-indexed2 36,911 0 + 6,806

Inflation compensation3 4,821 + 20 + 786

Federal agency2 0 0 0

Repurchase agreements4 47,750 + 1,250 + 26,500

Loans 4,547 + 2,401 + 3,611

Items in process of collection (686) 2,413 - 32 - 5,172

Bank premises 2,120 + 2 + 199

Other assets5 39,087 + 273 + 2,643

Total assets (686) 885,097 - 1,068 + 27,293

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 782,513 + 574 + 11,218

Reverse repurchase agreements6 37,764 + 1,114 + 9,462

Deposits (0) 18,611 - 2,895 + 1,402

Depository institutions 13,889 - 2,092 + 1,531

U.S. Treasury, general account 4,333 - 746 - 167

Foreign official 97 + 1 + 6

Other (0) 292 - 58 + 32

Deferred availability cash items (686) 3,385 + 25 - 1,494

Other liabilities and accrued dividends7 5,947 - 49 - 64

Total liabilities (686) 848,220 - 1,231 + 20,524

Capital accounts

Capital paid in 18,282 + 95 + 2,968

Surplus 15,461 0 + 4,907

Other capital accounts 3,133 + 67 - 1,107

Total capital 36,877 + 163 + 6,769

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Dec 13, 2006

Eliminations from

consolidation Wednesday

 Dec 12, 2007

Wednesday

 Dec 5, 2007

3. Maturity Distribution of Loans and Securities, December 12, 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 22 46,111 - 3,633 0 0 39,750 37,764

16 days to 90 days 4,525 162,696 - 2,043 0 0 8,000 0

91 days to 1 year 0 160,488 + 677 0 0 . . . . . . 

Over 1 year to 5 years . . . 234,709 + 8 0 0 . . . . . . 

Over 5 years to 10 years . . . 81,938 + 3 0 0 . . . . . . 

Over 10 years . . . 88,793 + 8 0 0 . . . . . . 

All 4,547 774,735 - 4,980 0 0 47,750 37,764

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on December 12, 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 agreements4Loans

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 1,209 827,032 774,735 774,735 262,019 512,716 0 47,750 4,547 3,099 2,120 39,087 0 885,783

Assets, liabilities, and capital

 4,053 874 59 302,333 280,529 280,529 94,876 185,653 0 17,290 4,514 94 215 12,001 - 2,121 317,508

 449 115 40 37,907 35,704 35,704 12,075 23,629 0 2,201 2 114 119 1,277 - 2,380 37,641

 455 83 90 36,391 34,275 34,275 11,592 22,683 0 2,112 4 513 64 3,406 - 579 40,422

 428 104 112 33,659 31,705 31,705 10,723 20,982 0 1,954 0 408 154 2,272 - 165 36,972

 869 147 140 71,262 67,125 67,125 22,702 44,423 0 4,137 0 394 181 7,533 + 4,508 85,034

 1,117 166 159 76,284 71,855 71,855 24,302 47,553 0 4,429 0 188 230 3,338 - 4,254 77,227

 903 212 138 68,991 64,982 64,982 21,977 43,005 0 4,005 4 160 204 2,508 + 4,016 77,133

 326 71 54 26,287 24,761 24,761 8,374 16,387 0 1,526 0 66 109 751 + 3,803 31,466

 2   16,4 15,4 15,4 5,2 10,2  9  1 1 7 + 7 18,4
 1,009,868

 227,355 782,513 782,513 11,037 2,200 769,277 0 822,485 37,812 784,673

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.

 1,009,868 227,355 782,513 37,764 18,611 13,889 4,333 97 292 4,071 5,947 848,906 18,282 15,461 3,133 885,783

 39,286 6,204 33,082 1,740 444 416 0 1 28 196 262 35,725 1,049 396 471 37,641

 357,805 73,990 283,814 13,674 8,853 4,269 4,333 66 186 144 1,716 308,202 4,538 3,845 923 317,508

 41,972 8,218 33,755 1,671 454 450 0 5 0 609 287 36,776 1,813 1,811 21 40,422

 39,372 7,972 31,400 1,545 825 821 0 3 1 594 277 34,642 1,154 1,088 88 36,972

 81,871 14,281 67,590 3,272 2,840 2,765 0 11 64 328 992 75,022 4,996 4,099 917 85,034

 106,378 37,644 68,734 3,503 1,218 1,215 0 3 0 360 553 74,368 1,411 1,279 169 77,227

 85,130 14,849 70,281 3,168 1,050 1,047 0 2 0 360 464 75,323 880 861 69 77,133

 33,171 3,949 29,222 1,207 336 324 0 0 12 108 214 31,086 180 167 33 31,466

 19,3 3,0 16,3 7 2 2    2 1 17,6 3 2  18,4

                

H.4.14. Statement of Condition of Each Federal Reserve Bank on December 12, 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

 Dec 12, 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.