Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 853,787 + 3,688 + 26,827 861,366

Securities held outright 790,236 + 83 + 27,835 790,260

U.S. Treasury1 790,236 + 83 + 27,835 790,260

Bills2 277,019 0 + 1,649 277,019

Notes and bonds, nominal2 474,672 0 + 13,822 474,672

Notes and bonds, inflation-indexed2 34,459 0 + 11,813 34,459

Inflation compensation3 4,087 + 84 + 552 4,111

Federal agency2 0 0 0 0

Repurchase agreements4 25,857 + 3,786 - 572 31,000

Loans to depository institutions 128 - 14 - 67 121

Primary credit 6 - 36 - 17 1

Secondary credit 0 0 0 0

Seasonal credit 122 + 21 - 50 120

Float -1,413 - 478 + 116 858

Other Federal Reserve assets 38,979 + 312 - 486 39,127

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,483 + 14 + 503 38,483

Total factors supplying reserve funds 905,512 + 3,702 + 27,331 913,091

Currency in circulation5 813,626 + 4,781 + 15,437 815,177

Reverse repurchase agreements6 32,764 + 549 + 9,180 34,860

Foreign official and international accounts 32,764 + 549 + 9,180 34,860

Dealers 0 0 0 0

Treasury cash holdings 281 + 15 + 93 286

Deposits with F.R. Banks, other than reserve balances 12,143 + 392 - 647 11,563

U.S. Treasury, general account 5,183 + 270 + 313 4,637

Foreign official 94 0 + 6 94

Service-related 6,580 + 111 - 1,000 6,580

Required clearing balances 6,580 + 111 - 1,000 6,580

Adjustments to compensate for float 0 0 0 0

Other 287 + 12 + 34 253

Other liabilities and capital 39,269 + 209 + 5,267 38,892

Total factors, other than reserve balances,

absorbing reserve funds 898,083 + 5,946 + 29,330 900,777

Reserve balances with Federal Reserve Banks 7,429 - 2,244 - 1,999 12,313

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,959,312 + 14,576 + 344,757 1,962,529

U.S. Treasury 1,231,410 + 9,673 + 116,762 1,234,593

Federal agency 727,902 + 4,903 + 227,995 727,936

Securities lent to dealers 4,203 + 47 + 1,327 8,942

FEDERAL RESERVE statistical release

 May 31, 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

 May 30, 2007 Week ended

 May 30, 2007 May 23, 2007 May 31, 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 880 - 25 + 164

Securities, repurchase agreements, and loans 821,381 - 169 + 28,013

Securities held outright 790,260 + 78 + 27,849

U.S. Treasury1 790,260 + 78 + 27,849

Bills2 277,019 0 + 1,649

Notes and bonds, nominal2 474,672 0 + 13,822

Notes and bonds, inflation-indexed2 34,459 0 + 11,813

Inflation compensation3 4,111 + 79 + 566

Federal agency2 0 0 0

Repurchase agreements4 31,000 - 250 + 250

Loans 121 + 3 - 86

Items in process of collection (1,234) 5,934 + 2,799 - 2,478

Bank premises 2,016 + 2 + 179

Other assets5 37,267 + 432 - 47

Total assets (1,234) 880,715 + 3,039 + 25,832

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 777,855 + 3,749 + 15,825

Reverse repurchase agreements6 34,860 + 2,242 + 10,257

Deposits (0) 24,032 - 3,862 - 2,328

Depository institutions 19,049 - 4,174 - 4,346

U.S. Treasury, general account 4,637 + 325 + 2,000

Foreign official 94 + 1 + 8

Other (0) 253 - 13 + 11

Deferred availability cash items (1,234) 5,077 + 769 - 2,306

Other liabilities and accrued dividends7 5,971 + 51 + 1,083

Total liabilities (1,234) 847,794 + 2,947 + 22,530

Capital accounts

Capital paid in 16,102 + 81 + 1,146

Surplus 15,375 + 1 + 2,474

Other capital accounts 1,444 + 10 - 318

Total capital 32,921 + 92 + 3,302

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 May 31, 2006

Eliminations from

consolidation Wednesday

 May 30, 2007

Wednesday

 May 23, 2007

3. Maturity Distribution of Loans and Securities, May 30, 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 119 70,503 + 1,310 0 0 31,000 34,860

16 days to 90 days 2 164,252 - 672 0 0 0 0

91 days to 1 year 0 169,274 - 633 0 0 . . . . . . 

Over 1 year to 5 years . . . 229,514 + 24 0 0 . . . . . . 

Over 5 years to 10 years . . . 74,496 + 19 0 0 . . . . . . 

Over 10 years . . . 82,220 + 30 0 0 . . . . . . 

All 121 790,260 + 78 0 0 31,000 34,860

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on May 30, 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 agreements4

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, 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 2,200 880 821,381 790,260 790,260 277,019 513,242 0 31,000 121 7,168 2,016 37,267 0 881,949

Assets, liabilities, and capital

 4,053 874 52 297,376 286,151 286,151 100,308 185,843 0 11,225 0 193 214 11,542 - 1,210 313,093

 449 115 33 37,854 36,420 36,420 12,767 23,653 0 1,429 6 173 117 1,237 - 1,925 38,054

 455 83 58 36,333 34,961 34,961 12,255 22,706 0 1,371 0 481 57 3,245 - 859 39,853

 428 104 88 33,609 32,340 32,340 11,336 21,003 0 1,269 0 1,405 156 2,138 - 4,349 33,578

 869 147 82 71,156 68,470 68,470 24,001 44,468 0 2,686 0 267 172 6,993 + 2,027 81,714

 1,117 166 99 76,173 73,295 73,295 25,693 47,602 0 2,875 3 513 231 3,173 + 5,689 87,162

 903 212 104 68,922 66,285 66,285 23,235 43,049 0 2,600 37 1,942 207 2,413 + 184 74,886

 326 71 39 26,277 25,257 25,257 8,854 16,404 0 991 29 187 90 724 + 315 28,028

 2   16,4 15,7 15,7 5,5 10,2  6  2 1 6 - 6 17,0
 971,407

 193,552 777,855 777,855 11,037 2,200 764,618 0 821,260 34,909 786,351

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.

 971,407 193,552 777,855 34,860 24,032 19,049 4,637 94 253 6,311 5,971 849,028 16,102 15,375 1,444 881,949

 37,964 4,255 33,709 1,607 1,299 1,291 0 1 7 340 261 37,216 403 396 38 38,054

 343,797 62,927 280,870 12,623 8,750 3,878 4,637 64 171 182 1,837 304,263 4,281 3,771 778 313,093

 39,380 6,571 32,809 1,542 713 707 0 5 1 850 296 36,210 1,807 1,810 26 39,853

 35,876 8,700 27,175 1,427 1,796 1,792 0 3 1 670 285 31,353 1,100 1,087 38 33,578

 78,465 13,201 65,264 3,020 4,043 3,965 0 11 67 474 804 73,605 3,978 4,095 36 81,714

 107,910 29,767 78,143 3,233 1,556 1,552 0 3 0 877 579 84,389 1,391 1,277 106 87,162

 80,484 13,719 66,764 2,924 2,448 2,446 0 2 0 438 479 73,053 887 859 87 74,886

 29,410 3,510 25,900 1,114 311 308 0 0 2 128 215 27,668 173 166 21 28,028

 17,3 2,4 14,8 6 2 2    4 1 16,3 3 2  17,0

H.4.14. Statement of Condition of Each Federal Reserve Bank on May 30, 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

 May 30, 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.