FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               June 5, 2008
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            Jun 4, 2008 May 28, 2008  Jun 6, 2007  Jun 4, 2008
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. Treasury (1)                                       486,909    -   4,155    - 303,391      486,937
       Bills (2)                                             30,069    -   4,227    - 246,950       30,069
       Notes and bonds, nominal (2)                         412,392            0    -  62,280      412,392
       Notes and bonds, inflation-indexed (2)                39,171            0    +   4,712       39,171
       Inflation compensation (3)                             5,277    +      71    +   1,126        5,305
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements (4)                                  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 outstanding (5)                            38,805    +      14    +     343       38,805
       
Total factors supplying reserve funds                       929,769    -     264    +  20,049      931,802
                                                                   
Currency in circulation (5)                                 823,442    +     164    +  10,523      824,314
Reverse repurchase agreements (6)                            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 accounts (2,7)        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 facility (8)                                  15,950    +  11,393    +  10,010       11,212
     Term facility (9)                                       99,669    -   8,495    +  99,669       98,570


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.


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  Jun 4, 2008     May 28, 2008      Jun 6, 2007

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. Treasury (1)                                        486,937        -   4,154        - 303,385       
         Bills (2)                                              30,069        -   4,227        - 246,950
         Notes and bonds, nominal (2)                          412,392                0        -  62,280
         Notes and bonds, inflation-indexed (2)                 39,171                0        +   4,712
         Inflation compensation (3)                              5,305        +      73        +   1,133
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                   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 assets (5)                                               100,988        -     859        +  63,738
      Total assets                                  (505)      897,040        -   8,728        +  20,588
                          
Liabilities
Federal Reserve notes, net of FR Bank holdings                 787,103        -     593        +  10,893
Reverse repurchase agreements (6)                               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 dividends (7)                      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


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 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 Term Auction Credit, Other Loans, and Securities,       June 4, 2008
Millions of dollars
                                                 U.S. Treasury                       Reverse
Remaining maturity       Term                    securities (1)       Repurchase   repurchase
                       auction       Other                Weekly      agreements   agreements   
                        credit       loans    Holdings    changes         (2)          (2)          
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 to 5 years          ---          ---     171,731   +     471          ---          ---
Over 5 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

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.



4. Statement of Condition of Each Federal Reserve Bank on       June 4, 2008
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        424      3,935        453        423        891      1,221        913        344        199        349        636      1,249
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,325         44         61         96        109        168        158        162         47         59         87        144        188
Securities, repurchase agreements, term
      auction credit, and other loans        777,479     26,977    335,879     28,737     27,645     65,822     66,253     56,979     23,174     14,924     22,887     28,474     79,728
   Securities held outright                  486,937     20,424    173,249     21,260     18,464     44,155     48,449     42,977     16,827      9,193     17,879     20,199     53,861
      U.S. Treasury (1)                      486,937     20,424    173,249     21,260     18,464     44,155     48,449     42,977     16,827      9,193     17,879     20,199     53,861
         Bills (2)                            30,069      1,261     10,698      1,313      1,140      2,727      2,992      2,654      1,039        568      1,104      1,247      3,326
         Notes and bonds (3)                 456,868     19,163    162,551     19,947     17,324     41,428     45,458     40,323     15,788      8,625     16,775     18,951     50,535
      Federal agency (2)                           0          0          0          0          0          0          0          0          0          0          0          0          0
   Repurchase agreements (4)                 119,750      5,023     42,606      5,228      4,541     10,859     11,915     10,569      4,138      2,261      4,397      4,967     13,246
   Term auction credit                       150,000      1,530    101,766      2,240      4,568     10,780      5,808      2,945      2,055     3,428        590      3,258     11,032     
   Other loans                                20,793          0     18,258          8         71         29         81        488        154         43         21         50      1,589
Items in process of collection                 2,364         65          0        228        374        254        168        150         33        140        182        410        360
Bank premises                                  2,152        118        213         65        151        197        227        208        124        112        276        254        207
Other assets (5)                             100,988      5,467     27,548      9,097      6,579     24,680      7,984      4,959      1,306      1,930      1,414      2,266      7,756
Interdistrict settlement account                   0    + 3,953    -51,007    + 2,977    + 2,217    - 7,140    +19,968    +15,636    + 4,178    -     6    + 5,566    + 3,190    +   467
          Total assets                       897,545     37,164    317,503     41,736     37,603     85,020     96,145     79,218     29,277     17,387     30,829     35,472     90,190

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 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       June 4, 2008 (continued)
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             988,157     37,693    343,572     40,688     39,108     80,808    119,730     83,692     30,907     18,101     31,615     55,877    106,365
  Less: notes held by F.R. Banks              201,055      5,206     61,070      7,262      7,627     13,027     32,751     13,272      4,021      2,831      3,507     23,829     26,651
    Federal Reserve notes, net                787,103     32,487    282,502     33,426     31,481     67,781     86,979     70,421     26,885     15,271     28,109     32,048     79,714
Reverse repurchase agreements (1)              42,120      1,767     14,986      1,839      1,597      3,819      4,191      3,717      1,456        795      1,547      1,747      4,659
Deposits                                       21,391        662      9,295      1,557        888      2,288      1,014      1,877        336        281        423        655      2,114
  Depository institutions                      15,750        648      3,786      1,552        884      2,213      1,011      1,875        322        280        422        654      2,103
  U.S. Treasury, general account                5,278          0      5,278          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 98          2         68          4          3         11          3          2          0          1          0          1          3
  Other                                           264         12        163          0          1         64          0          0         14          0          1          0          8
Deferred availability cash items                3,352        180          0        409        649        278        289        294         66        257        191        211        528
Other liabilities and accrued                 
  dividends (2)                                 3,329        162        680        207        196        509        384        311        153        106        131        171        319
   
    Total liabilities                         857,294     35,257    307,463     37,438     34,811     74,675     92,856     76,621     28,896     16,710     30,400     34,832     87,335
                              
Capital                    
Capital paid in                                19,923        816      4,933      2,334      1,401      5,178      1,617      1,280        181        316        208        260      1,400
Surplus                                        18,486      1,050      4,650      1,814      1,291      4,998      1,425        815        180        355        194        364      1,351
Other capital                                   1,842         41        456        150        100        169        247        502         21          7         27         16        105
     Total liabilities and capital            897,545     37,164    317,503     41,736     37,603     85,020     96,145     79,218     29,277     17,387     30,829     35,472     90,190
                              

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
                                           Jun 4, 2008
              
Federal Reserve notes outstanding             988,157
   Less: Notes held by F.R. Banks
         not subject to collateralization     201,055
      Federal Reserve notes to be
         collateralized                       787,103 
Collateral held against Federal Reserve            
   notes                                      787,103
   Gold certificate account                    11,037
   Special drawing rights certificate     
     account                                    2,200
   U.S. Treasury and agency securities   
     pledged (1)                              565,207
   Other assets pledged                       208,659

Memo:
Total U.S. Treasury and agency 
       securities (1)                         606,687
   Less: face value of securities under
         reverse repurchase agreements         41,479
      U.S. Treasury and agency securities
             eligible to be pledged           565,207
   

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.