Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 877,723 - 278 + 19,706 879,756

Securities held outright 486,909 - 4,155 - 303,391 486,937

U.S. Treasury1 486,909 - 4,155 - 303,391 486,937

Bills2 30,069 - 4,227 - 246,950 30,069

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 5,277 + 71 + 1,126 5,305

Federal agency2 0 0 0 0

Repurchase agreements4 114,107 + 9,071 + 84,928 119,750

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

Other loans 24,259 - 4,076 + 24,140 20,793

Primary credit 15,921 - 29 + 15,908 12,966

Secondary credit 0 - 1 0 0

Seasonal credit 77 + 23 - 29 77

Primary dealer credit facility 8,261 - 4,068 + 8,261 7,750

Other credit extensions 0 0 0 0

Float -1,246 - 129 - 695 -995

Other Federal Reserve assets 103,695 - 989 + 64,725 103,273

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,805 + 14 + 343 38,805

Total factors supplying reserve funds 929,769 - 264 + 20,049 931,802

Currency in circulation5 823,442 + 164 + 10,523 824,314

Reverse repurchase agreements6 38,994 + 1,520 + 5,150 42,120

Foreign official and international accounts 38,994 + 1,520 + 5,150 42,120

Dealers 0 0 0 0

Treasury cash holdings 280 + 7 - 7 272

Deposits with F.R. Banks, other than reserve balances 12,278 - 157 + 387 12,704

U.S. Treasury, general account 4,844 - 96 - 94 5,278

Foreign official 99 + 1 + 5 98

Service-related 7,071 - 50 + 492 7,071

Required clearing balances 7,071 - 50 + 492 7,071

Adjustments to compensate for float 0 0 0 0

Other 264 - 11 - 16 256

Other liabilities and capital 44,127 - 1,716 + 4,717 43,580

Total factors, other than reserve balances,

absorbing reserve funds 919,121 - 181 + 20,771 922,990

Reserve balances with Federal Reserve Banks 10,648 - 83 - 722 8,812

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 2,301,403 + 8,591 + 345,950 2,302,093

U.S. Treasury 1,350,554 + 5,051 + 120,643 1,349,727

Federal agency 950,850 + 3,542 + 225,307 952,367

Securities lent to dealers 115,618 + 2,897 + 109,678 109,782

Overnight facility8 15,950 + 11,393 + 10,010 11,212

Term facility9 99,669 - 8,495 + 99,669 98,570

FEDERAL RESERVE statistical release

 June 5, 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 4, 2008 Week ended

 Jun 4, 2008 May 28, 2008 Jun 6, 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 1,325 + 7 + 432

Securities, repurchase agreements, term auction

credit, and other loans 777,479 - 7,833 - 41,496

Securities held outright 486,937 - 4,154 - 303,385

U.S. Treasury1 486,937 - 4,154 - 303,385

Bills2 30,069 - 4,227 - 246,950

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

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

Inflation compensation3 5,305 + 73 + 1,133

Federal agency2 0 0 0

Repurchase agreements4 119,750 + 4,750 + 91,250

Term auction credit 150,000 0 + 150,000

Other loans 20,793 - 8,429 + 20,639

Items in process of collection (505) 1,859 - 43 - 2,212

Bank premises 2,152 0 + 126

Other assets5 100,988 - 859 + 63,738

Total assets (505) 897,040 - 8,728 + 20,588

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 787,103 - 593 + 10,893

Reverse repurchase agreements6 42,120 + 3,755 + 10,051

Deposits (8) 21,383 - 10,278 - 3,071

Depository institutions 15,750 - 11,138 - 2,929

U.S. Treasury, general account 5,278 + 863 - 118

Foreign official 98 0 + 6

Other (8) 256 - 4 - 30

Deferred availability cash items (497) 2,855 - 754 - 1,716

Other liabilities and accrued dividends7 3,329 - 599 - 2,688

Total liabilities (505) 856,789 - 8,469 + 13,470

Capital accounts

Capital paid in 19,923 + 9 + 3,817

Surplus 18,486 + 7 + 3,100

Other capital accounts 1,842 - 275 + 201

Total capital 40,251 - 259 + 7,118

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jun 6, 2007

Eliminations from

consolidation Wednesday

 Jun 4, 2008

Wednesday

 May 28, 2008

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, June 4, 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 150,000 9,053 6,819 - 7,038 79,750 42,120

16 days to 90 days 0 11,740 40,378 + 5,338 40,000 0

91 days to 1 year . . . 0 81,468 - 2,972 . . . . . . 

Over 1 year to 5 years . . . . . . 171,731 + 471 . . . . . . 

Over 5 years to 10 years . . . . . . 90,080 + 15 . . . . . . 

Over 10 years . . . . . . 96,459 + 29 . . . . . . 

All 150,000 20,793 486,937 - 4,154 119,750 42,120

Assets, liabilities, and capital

Remaining maturity

Term auction

credit
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on June 4, 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 1,325 777,479 486,937 486,937 30,069 456,868 0 119,750 150,000 20,793 2,364 2,152 100,988 0 897,545

 424 115 44 26,977 20,424 20,424 1,261 19,163 0 5,023 1,530 0 65 118 5,467 + 3,953 37,164

 3,935 874 61 335,879 173,249 173,249 10,698 162,551 0 42,606 101,766 18,258 0 213 27,548 -51,007 317,503

 453 83 96 28,737 21,260 21,260 1,313 19,947 0 5,228 2,240 8 228 65 9,097 + 2,977 41,736

 423 104 109 27,645 18,464 18,464 1,140 17,324 0 4,541 4,568 71 374 151 6,579 + 2,217 37,603

 891 147 168 65,822 44,155 44,155 2,727 41,428 0 10,859 10,780 29 254 197 24,680 - 7,140 85,020

 1,221 166 158 66,253 48,449 48,449 2,992 45,458 0 11,915 5,808 81 168 227 7,984 +19,968 96,145

 913 212 162 56,979 42,977 42,977 2,654 40,323 0 10,569 2,945 488 150 208 4,959 +15,636 79,218

 344 71 47 23,174 16,827 16,827 1,039 15,788 0 4,138 2,055 154 33 124 1,306 + 4,178 29,277

    14, 9, 9,  8,  2, 3,    1, -  17,
 988,157

 201,055 787,103 787,103 11,037 2,200 565,207 208,659 606,687 41,479 565,207

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.

 988,157 201,055 787,103 42,120 21,391 15,750 5,278 98 264 3,352 3,329 857,294 19,923 18,486 1,842 897,545

 37,693 5,206 32,487 1,767 662 648 0 2 12 180 162 35,257 816 1,050 41 37,164

 343,572 61,070 282,502 14,986 9,295 3,786 5,278 68 163 0 680 307,463 4,933 4,650 456 317,503

 40,688 7,262 33,426 1,839 1,557 1,552 0 4 0 409 207 37,438 2,334 1,814 150 41,736

 39,108 7,627 31,481 1,597 888 884 0 3 1 649 196 34,811 1,401 1,291 100 37,603

 80,808 13,027 67,781 3,819 2,288 2,213 0 11 64 278 509 74,675 5,178 4,998 169 85,020

 119,730 32,751 86,979 4,191 1,014 1,011 0 3 0 289 384 92,856 1,617 1,425 247 96,145

 83,692 13,272 70,421 3,717 1,877 1,875 0 2 0 294 311 76,621 1,280 815 502 79,218

 30,907 4,021 26,885 1,456 336 322 0 0 14 66 153 28,896 181 180 21 29,277

 18,1 2,8 15,2 7 2 2    2 1 16,7 3 3  17,3

H.4.14. Statement of Condition of Each Federal Reserve Bank on June 4, 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 4, 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.