FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          September 6, 2007
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            Sep 5, 2007 Aug 29, 2007  Sep 6, 2006  Sep 5, 2007
Federal Reserve Banks

Reserve Bank Credit                                         856,617    +   6,632    +  24,448      855,927
 Securities held outright                                   779,641    -   4,989    +  12,890      779,640       
    U.S. Treasury (1)                                       779,641    -   4,989    +  12,890      779,640
       Bills (2)                                            267,019    -   5,000    -  10,000      267,019
       Notes and bonds, nominal (2)                         472,142            0    +  12,447      472,142
       Notes and bonds, inflation-indexed (2)                35,753            0    +   9,734       35,753
       Inflation compensation (3)                             4,728    +      11    +     709        4,727
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    37,000    +  12,429    +  10,643       35,000
 Loans to depository institutions                             1,341    -     236    +     996        1,338
    Primary credit                                            1,103    -     212    +   1,100        1,106
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             238    -      24    -     103          232
 Float                                                         -351    -     355    -     194          726
 Other Federal Reserve assets                                38,985    -     218    +     112       39,222
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,611    +      14    +     586       38,611
       
Total factors supplying reserve funds                       908,469    +   6,646    +  25,033      907,779
                                                                   
Currency in circulation(5)                                  814,941    +   5,059    +  16,438      815,917
Reverse repurchase agreements (6)                            34,931    +   4,043    +   7,880       35,098
   Foreign official and international accounts               34,931    +   4,043    +   7,880       35,098
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          331    +      22    +     159          343
Deposits with F.R.Banks, other than reserve balances         11,697    -     592    -     228       11,440       
  U.S. Treasury, general account                              4,685    -     404    +     154        4,489
  Foreign official                                               95            0    +       3           97
  Service-related                                             6,614    -     239    -     177        6,614
     Required clearing balances                               6,614    -     239    -     177        6,614
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         303    +      51    -     209          241
Other liabilities and capital                                40,610    -     107    +   4,758       40,411

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  902,510    +   8,425    +  29,006      903,208

Reserve balances with Federal Reserve Banks                   5,959    -   1,778    -   3,973        4,571
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,980,195    +     842    + 299,823    1,981,271
     U.S. Treasury                                        1,207,179    +   1,807    +  62,532    1,210,459
     Federal agency                                         773,016    -     965    + 237,291      770,811
  Securities lent to dealers                                  5,886    +     618    +   2,587        7,170   


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.


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  Sep 5, 2007     Aug 29, 2007      Sep 6, 2006

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,017        +       3        +     237
Securities, repurchase agreements, and loans                   815,979        -   3,765        +  29,124
   Securities held outright                                    779,640        -   4,997        +  12,883
      U.S. Treasury (1)                                        779,640        -   4,997        +  12,883       
         Bills (2)                                             267,019        -   5,000        -  10,000
         Notes and bonds, nominal (2)                          472,142                0        +  12,447
         Notes and bonds, inflation-indexed (2)                 35,753                0        +   9,734
         Inflation compensation (3)                              4,727        +       4        +     702
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    35,000        +   1,250        +  15,250    
   Loans                                                         1,338        -      19        +     990
Items in process of collection                    (1,739)        5,496        +   2,241        -   7,294
Bank premises                                                    2,079        +       8        +     197
Other assets (5)                                                37,244        -     206        +     275
      Total assets                                (1,739)      875,052        -   1,719        +  22,540
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  778,661        +   3,475        +  16,464
Reverse repurchase agreements (6)                               35,098        +   3,888        +   8,220
Deposits                                              (0)       16,112        -  10,749        -   5,453       
  Depository institutions                                       11,286        -  10,306        -   5,525
  U.S. Treasury, general account                                 4,489        -     435        +     116
  Foreign official                                                  97        +       2        -       7
  Other                                               (0)          241        -       9        -      36
Deferred availability cash items                  (1,739)        4,770        +   1,548        -   1,648
Other liabilities and accrued dividends (7)                      6,066        +      60        +     727
      Total liabilities                           (1,739)      840,707        -   1,779        +  18,310
                          
Capital Accounts
Capital paid in                                                 16,974        +     127        +   1,910
Surplus                                                         15,424        +       1        +   2,523
Other capital accounts                                           1,947        -      68        -     204
      Total capital                                             34,345        +      60        +   4,229


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 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 Loans and Securities,  September 5, 2007
Millions of dollars
                                    U.S. Treasury           Federal agency                      Reverse
Maturity             Loans           securities (1)          securities           Repurchase   repurchase
                                              Weekly                    Weekly    agreements(2)agreements(2)
                                  Holdings    changes      Holdings    changes    
Within 15 days             543       48,105   -   9,869            0           0       35,000       35,098
16 days to 90 days         796      160,127   +   4,011            0           0            0            0
91 days to 1 year            0      172,421   -   2,009            0           0     ------      ------
Over 1 to 5 years     ------        237,297   +   2,869            0           0     ------      ------
Over 5 to 10 years    ------         75,489           0            0           0     ------      ------
Over 10 years         ------         86,201   +       1            0           0     ------      ------
                   		 	
All                      1,338      779,640   -   4,997            0           0       35,000      35,098

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.



4. Statement of Condition of Each Federal Reserve Bank on  September 5, 2007
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        449      4,053        455        428        869      1,117        903        326        203        335        613      1,286
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,017         26         57         67         95        110        142        118         45         37         76        108        135
Securities, repurchase agreements,
      and loans                              815,979     37,544    295,534     36,049     33,338     71,132     75,560     68,377     26,093     16,311     26,413     35,804     93,824
   Securities held outright                  779,640     35,930    282,306     34,492     31,905     67,550     72,310     65,394     24,918     15,556     25,238     34,255     89,788
      U.S. Treasury (1)                      779,640     35,930    282,306     34,492     31,905     67,550     72,310     65,394     24,918     15,556     25,238     34,255     89,788
         Bills (2)                           267,019     12,306     96,687     11,813     10,927     23,135     24,765     22,397      8,534      5,328      8,644     11,732     30,752
         Notes and bonds(3)                  512,621     23,625    185,619     22,679     20,978     44,415     47,545     42,997     16,384     10,228     16,594     22,523     59,037
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                35,000      1,613     12,673      1,548      1,432      3,032      3,246      2,936      1,119        698      1,133      1,538      4,031
      Loans                                    1,338          0        555          9          0        550          4         47         56         58         42         11          5
Items in process of collection                 7,235        357        159        771        831        402        731        693        518        588        479        602      1,105
Bank premises                                  2,079        119        217         57        155        176        230        206         99        114        244        259        204
Other assets(5)                               37,244      1,222     11,435      3,298      2,159      7,120      3,171      2,393        719        694        722        945      3,367
Interdistrict settlement account                   0    - 3,975    + 4,429    -   205    - 2,151    + 2,962    + 4,991    -   110    -   198    - 1,650    +   935    - 2,510    - 2,518
          Total Assets                       876,791     35,858    316,757     40,575     34,958     82,918     86,108     72,791     27,674     16,327     29,270     35,919     97,637

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 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  September 5, 2007
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             996,109     37,287    358,610     41,136     38,241     81,516    110,628     80,161     29,287     17,288     30,268     57,794    113,893
  Less: notes held by F.R. Banks              217,447      5,426     71,666      7,736      8,715     14,598     32,921     14,387      3,812      3,175      3,555     25,491     25,966
    Federal Reserve notes, net                778,661     31,861    286,945     33,400     29,526     66,918     77,708     65,774     25,475     14,112     26,712     32,303     87,927
Reverse repurchase agreements (1)              35,098      1,618     12,709      1,553      1,436      3,041      3,255      2,944      1,122        700      1,136      1,542      4,042
Deposits                                       16,112        466      6,086        830        813      2,400      1,329      1,091        308        227        396        633      1,534
  Depository institutions                      11,286        458      1,365        825        810      2,325      1,326      1,088        307        226        394        632      1,531
  U.S. Treasury, general account                4,489          0      4,489          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 97          1         66          5          3         11          3          2          0          1          0          1          3
  Other                                           241          7        166          0          0         65          0          0          1          0          1          0          0
Deferred availability cash items                6,509        375        247        868        835        441        678        649        170        417        409        556        865
Other liabilities and accrued                 
  dividends (2)                                 6,066        271      1,842        279        274        865        578        485        225        154        219        284        590
   
    Total liabilities                         842,446     34,590    307,828     36,930     32,884     73,666     83,547     70,943     27,300     15,610     28,872     35,318     94,957
                              
Capital                    
Capital paid in                                16,974        847      4,288      1,808        917      4,676      1,230        897        176        353        189        287      1,306
Surplus                                        15,424        396      3,816      1,811      1,087      4,098      1,277        860        167        276        176        214      1,248
Other capital                                   1,947         25        825         25         70        480         54         91         32         87         33         99        126
     Total liabilities and capital            876,791     35,858    316,757     40,575     34,958     82,918     86,108     72,791     27,674     16,327     29,270     35,919     97,637
                              

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
                                           Sep 5, 2007
              
Federal Reserve notes outstanding             996,109
   Less: Notes held by F.R. Banks
         not subject to collateralization     217,447
      Federal Reserve Notes to be
         collateralized                       778,661 
Collateral held against Federal Reserve            
   notes                                      778,661
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              765,425
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         814,640
   Less:face value of securities under
         reverse repurchase agreements         35,153
      U.S. Treasury and agency securities
             eligible to be pledged           779,488
   

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.