Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 870,930 + 7,157 + 25,466 872,803

Securities held outright 769,748 - 4,980 - 7,182 769,755

U.S. Treasury1 769,748 - 4,980 - 7,182 769,755

Bills2 257,019 - 5,000 - 20,000 257,019

Notes and bonds, nominal2 470,984 0 + 5,186 470,984

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

Inflation compensation3 4,834 + 20 + 826 4,842

Federal agency2 0 0 0 0

Repurchase agreements4 55,750 + 10,107 + 26,821 57,750

Loans to depository institutions 4,619 + 1,572 + 4,427 4,765

Primary credit 4,586 + 1,577 + 4,479 4,735

Secondary credit 0 - 3 0 0

Seasonal credit 32 - 4 - 53 31

Float -369 + 413 - 1,266 -670

Other Federal Reserve assets 41,183 + 46 + 2,666 41,203

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,793 + 14 + 602 38,793

Total factors supplying reserve funds 922,964 + 7,171 + 26,067 924,838

Currency in circulation5 819,571 + 1,276 + 10,920 823,138

Reverse repurchase agreements6 37,089 - 883 + 7,548 36,430

Foreign official and international accounts 37,089 - 883 + 7,548 36,430

Dealers 0 0 0 0

Treasury cash holdings 247 - 9 + 43 246

Deposits with F.R. Banks, other than reserve balances 14,475 + 2,718 + 1,046 11,540

U.S. Treasury, general account 7,500 + 2,669 + 1,434 4,586

Foreign official 104 + 7 + 9 96

Service-related 6,598 + 45 - 425 6,598

Required clearing balances 6,541 0 - 475 6,541

Adjustments to compensate for float 57 + 44 + 50 57

Other 272 - 3 + 27 260

Other liabilities and capital 42,809 - 255 + 6,383 42,403

Total factors, other than reserve balances,

absorbing reserve funds 914,190 + 2,847 + 25,939 913,757

Reserve balances with Federal Reserve Banks 8,775 + 4,324 + 130 11,080

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 2,047,895 + 7,592 + 305,793 2,047,648

U.S. Treasury 1,224,633 - 3,981 + 68,034 1,221,665

Federal agency 823,262 + 11,574 + 237,760 825,983

Securities lent to dealers 10,752 + 2,833 + 9,789 8,449

FEDERAL RESERVE statistical release

 December 20, 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 19, 2007 Week ended

 Dec 19, 2007 Dec 12, 2007 Dec 20, 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 1,198 - 11 + 377

Securities, repurchase agreements, and loans 832,271 + 5,239 + 21,042

Securities held outright 769,755 - 4,980 - 7,883

U.S. Treasury1 769,755 - 4,980 - 7,883

Bills2 257,019 - 5,000 - 20,000

Notes and bonds, nominal2 470,984 0 + 4,462

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

Inflation compensation3 4,842 + 21 + 849

Federal agency2 0 0 0

Repurchase agreements4 57,750 + 10,000 + 24,250

Loans 4,765 + 218 + 4,675

Items in process of collection (709) 3,385 + 972 - 1,429

Bank premises 2,124 + 4 + 193

Other assets5 39,061 - 26 + 2,148

Total assets (709) 891,276 + 6,179 + 22,332

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 785,785 + 3,272 + 9,876

Reverse repurchase agreements6 36,430 - 1,334 + 6,527

Deposits (0) 22,602 + 3,991 + 330

Depository institutions 17,661 + 3,772 + 1,172

U.S. Treasury, general account 4,586 + 253 - 850

Foreign official 96 - 1 + 7

Other (0) 260 - 32 + 2

Deferred availability cash items (709) 4,055 + 670 - 412

Other liabilities and accrued dividends7 5,860 - 87 - 89

Total liabilities (709) 854,733 + 6,513 + 16,234

Capital accounts

Capital paid in 18,217 - 65 + 2,891

Surplus 15,460 - 1 + 4,906

Other capital accounts 2,867 - 266 - 1,698

Total capital 36,543 - 334 + 6,098

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Dec 20, 2006

Eliminations from

consolidation Wednesday

 Dec 19, 2007

Wednesday

 Dec 12, 2007

3. Maturity Distribution of Loans and Securities, December 19, 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 265 48,814 + 2,703 0 0 49,750 36,430

16 days to 90 days 4,500 153,854 - 8,842 0 0 8,000 0

91 days to 1 year 0 162,951 + 2,463 0 0 . . . . . . 

Over 1 year to 5 years . . . 233,394 - 1,315 0 0 . . . . . . 

Over 5 years to 10 years . . . 81,942 + 4 0 0 . . . . . . 

Over 10 years . . . 88,801 + 8 0 0 . . . . . . 

All 4,765 769,755 - 4,980 0 0 57,750 36,430

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on December 19, 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 1,198 832,271 769,755 769,755 257,019 512,736 0 57,750 4,765 4,094 2,124 39,061 0 891,985

Assets, liabilities, and capital

 4,053 874 56 304,138 278,726 278,726 93,066 185,660 0 20,911 4,501 67 215 12,055 - 6,882 314,574

 449 115 38 38,362 35,475 35,475 11,845 23,630 0 2,661 226 108 119 1,287 - 2,308 38,171

 455 83 90 36,614 34,054 34,054 11,371 22,684 0 2,555 5 343 64 3,374 - 74 40,950

 428 104 112 33,864 31,501 31,501 10,518 20,983 0 2,363 0 1,204 154 2,265 - 625 37,507

 869 147 139 71,697 66,693 66,693 22,269 44,425 0 5,004 0 188 181 7,460 + 4,761 85,441

 1,117 166 157 76,749 71,393 71,393 23,838 47,555 0 5,356 0 185 230 3,300 - 854 81,050

 903 212 138 69,413 64,565 64,565 21,558 43,007 0 4,844 5 235 204 2,526 + 5,954 79,585

 326 71 52 26,448 24,602 24,602 8,215 16,388 0 1,846 0 108 110 752 + 3,663 31,529

 2   16,5 15,3 15,3 5,1 10,2  1,1  2 1 7 + 8 18,7
 1,014,232

 228,447 785,785 785,785 11,037 2,200 772,548 0 827,505 36,470 791,035

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.

 1,014,232 228,447 785,785 36,430 22,602 17,661 4,586 96 260 4,764 5,860 855,442 18,217 15,460 2,867 891,985

 39,332 6,253 33,079 1,679 977 966 0 1 10 245 261 36,241 1,049 396 485 38,171

 357,705 76,445 281,261 13,191 9,069 4,246 4,586 66 172 141 1,698 305,360 4,538 3,845 832 314,574

 42,109 8,156 33,953 1,612 672 667 0 5 1 807 283 37,327 1,814 1,810 0 40,950

 39,690 7,915 31,775 1,491 1,113 1,109 0 3 2 552 272 35,203 1,154 1,088 61 37,507

 81,451 14,542 66,909 3,156 4,100 4,027 0 11 62 375 975 75,515 4,996 4,099 831 85,441

 109,388 36,948 72,440 3,379 1,393 1,390 0 3 0 426 557 78,195 1,420 1,279 156 81,050

 87,113 14,611 72,501 3,056 1,469 1,466 0 2 0 375 455 77,856 819 861 50 79,585

 33,349 4,033 29,316 1,164 362 350 0 0 12 105 206 31,154 180 167 28 31,529

 19,4 3,0 16,4 7 3 3    3 1 17,9 3 2  18,7

                

H.4.14. Statement of Condition of Each Federal Reserve Bank on December 19, 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 19, 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.