FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               July 5, 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            Jul 4, 2007 Jun 27, 2007  Jul 5, 2006  Jul 4, 2007
Federal Reserve Banks

Reserve Bank Credit                                         857,318    +   9,697    +  21,398      860,319
 Securities held outright                                   790,531    +      55    +  24,160      790,553       
    U.S. Treasury (1)                                       790,531    +      55    +  24,160      790,553
       Bills (2)                                            277,019            0    +   1,649      277,019
       Notes and bonds, nominal (2)                         474,672            0    +  10,092      474,672
       Notes and bonds, inflation-indexed (2)                34,459            0    +  11,813       34,459
       Inflation compensation (3)                             4,381    +      55    +     606        4,403
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    27,179    +   9,393    -   2,285       30,250
 Loans to depository institutions                               196    +      17    -      95          186
    Primary credit                                               18    +      13    +       3            5
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             178    +       4    -      98          181
 Float                                                         -936    -     111    -     504         -906
 Other Federal Reserve assets                                40,348    +     342    +     122       40,237
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,540    +      14    +     550       38,540
       
Total factors supplying reserve funds                       909,099    +   9,711    +  21,948      912,101
                                                                   
Currency in circulation(5)                                  814,826    +   5,072    +  16,694      818,673
Reverse repurchase agreements (6)                            32,194    +   1,366    +   2,511       32,209
   Foreign official and international accounts               32,194    +   1,366    +   2,511       32,209
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          309    +      15    +     136          323
Deposits with F.R.Banks, other than reserve balances         11,377    -     278    -   1,472       10,877       
  U.S. Treasury, general account                              4,607    -     316    -     727        4,117
  Foreign official                                              140    +      41    +      29           96
  Service-related                                             6,394            0    -     768        6,394
     Required clearing balances                               6,394            0    -     768        6,394
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         237    -       1    -       5          269
Other liabilities and capital                                39,506    -     149    +   4,580       39,754

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  898,212    +   6,027    +  22,449      901,836

Reserve balances with Federal Reserve Banks                  10,888    +   3,685    -     500       10,264
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,982,168    +   6,959    + 346,029    1,981,049
     U.S. Treasury                                        1,240,662    +   9,051    + 122,744    1,240,394
     Federal agency                                         741,507    -   2,090    + 223,287      740,655
  Securities lent to dealers                                 10,141    +   6,812    +   3,416        5,520   


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  Jul 4, 2007     Jun 27, 2007      Jul 5, 2006

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               924        -      14        +     228
Securities, repurchase agreements, and loans                   820,989        +  10,305        +  26,072
   Securities held outright                                    790,553        +      56        +  24,168
      U.S. Treasury (1)                                        790,553        +      56        +  24,168       
         Bills (2)                                             277,019                0        +   1,649
         Notes and bonds, nominal (2)                          474,672                0        +  10,092
         Notes and bonds, inflation-indexed (2)                 34,459                0        +  11,813
         Inflation compensation (3)                              4,403        +      56        +     614
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    30,250        +  10,250        +   2,000    
   Loans                                                           186        -       1        -      96
Items in process of collection                    (1,997)        4,916        +   1,230        -   1,063
Bank premises                                                    2,045        +       6        +     188
Other assets (5)                                                38,288        -       3        -     175
      Total assets                                (1,997)      880,399        +  11,524        +  25,250
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  781,376        +   6,324        +  17,844
Reverse repurchase agreements (6)                               32,209        +   2,075        +   3,123
Deposits                                              (0)       21,238        +     664        -   2,159       
  Depository institutions                                       16,755        +     534        -     766
  U.S. Treasury, general account                                 4,117        +      78        -   1,411
  Foreign official                                                  96        -       1        +       6
  Other                                               (0)          269        +      51        +      11
Deferred availability cash items                  (1,997)        5,822        +   1,984        +   1,317
Other liabilities and accrued dividends (7)                      5,665        -     466        +     938
      Total liabilities                           (1,997)      846,311        +  10,581        +  21,064
                          
Capital Accounts
Capital paid in                                                 16,163        +      52        +   1,188
Surplus                                                         15,399        +       1        +   2,498
Other capital accounts                                           2,527        +     891        +     501
      Total capital                                             34,088        +     943        +   4,186


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,       July 4, 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              18       37,561   -  26,864            0           0       30,250       32,209
16 days to 90 days         168      196,414   +  26,158            0           0            0            0
91 days to 1 year            0      164,722   -     854            0           0     ------      ------
Over 1 to 5 years     ------        234,953   +   1,580            0           0     ------      ------
Over 5 to 10 years    ------         74,570   +      14            0           0     ------      ------
Over 10 years         ------         82,333   +      21            0           0     ------      ------
                   		 	
All                        186      790,553   +      56            0           0       30,250      32,209

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       July 4, 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                                             924         24         50         62         97         87        121        108         49         35         73         93        124
Securities, repurchase agreements,
      and loans                              820,989     37,827    297,211     36,313     33,590     71,116     76,134     68,898     26,266     16,431     26,591     36,072     94,540
   Securities held outright                  790,553     36,433    286,257     34,974     32,352     68,495     73,322     66,309     25,267     15,773     25,591     34,734     91,045
      U.S. Treasury (1)                      790,553     36,433    286,257     34,974     32,352     68,495     73,322     66,309     25,267     15,773     25,591     34,734     91,045
         Bills (2)                           277,019     12,767    100,308     12,255     11,336     24,001     25,693     23,235      8,854      5,527      8,967     12,171     31,903
         Notes and bonds(3)                  513,534     23,667    185,949     22,719     21,015     44,494     47,629     43,074     16,413     10,246     16,624     22,563     59,142
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                30,250      1,394     10,953      1,338      1,238      2,621      2,806      2,537        967        604        979      1,329      3,484
      Loans                                      186          0          0          0          0          0          6         51         32         54         21          9         12
Items in process of collection                 6,913        349        158        869        873        398        965        697        164        332        632        462      1,015
Bank premises                                  2,045        117        215         56        156        173        231        207         94        114        224        260        197
Other assets(5)                               38,288      1,287     11,928      3,194      2,191      7,103      3,279      2,507        774        721        772      1,016      3,518
Interdistrict settlement account                   0    - 3,525    +    68    +   133    - 2,962    + 1,603    + 5,535    +   720    +   180    -   962    +   895    -   508    - 1,176
          Total Assets                       882,396     36,644    314,556     41,165     34,476     81,496     87,549     74,252     27,923     16,904     29,588     38,106     99,738

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       July 4, 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             980,274     37,671    347,562     40,819     36,788     80,183    107,896     80,727     29,281     17,262     30,358     57,601    114,127
  Less: notes held by F.R. Banks              198,897      4,684     65,408      6,794      8,508     14,287     29,270     13,241      3,484      2,572      3,490     22,980     24,177
    Federal Reserve notes, net                781,376     32,987    282,154     34,024     28,280     65,896     78,626     67,486     25,797     14,690     26,868     34,621     89,949
Reverse repurchase agreements (1)              32,209      1,484     11,663      1,425      1,318      2,791      2,987      2,702      1,029        643      1,043      1,415      3,709
Deposits                                       21,238        653      9,451        603      1,400      3,031      1,514      1,093        311        253        440        667      1,820
  Depository institutions                      16,755        644      5,104        597      1,397      2,928      1,511      1,090        310        252        439        667      1,817
  U.S. Treasury, general account                4,117          0      4,117          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 96          1         66          5          3         11          3          2          0          1          0          1          3
  Other                                           269          8        163          1          0         93          0          0          1          0          1          0          0
Deferred availability cash items                7,820        403        356      1,151        944        586      1,073        593        168        497        606        510        933
Other liabilities and accrued                 
  dividends (2)                                 5,665        251      1,753        254        259        735        550        465        215        147        206        275        556
   
    Total liabilities                         848,308     35,779    305,376     37,457     32,201     73,039     84,750     72,337     27,521     16,229     29,163     37,489     96,967
                              
Capital                    
Capital paid in                                16,163        388      4,292      1,809      1,101      4,189      1,238        890        173        322        189        279      1,294
Surplus                                        15,399        396      3,794      1,811      1,087      4,096      1,277        859        166        276        176        213      1,247
Other capital                                   2,527         81      1,095         88         87        172        284        165         63         77         60        125        229
     Total liabilities and capital            882,396     36,644    314,556     41,165     34,476     81,496     87,549     74,252     27,923     16,904     29,588     38,106     99,738
                              

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
                                           Jul 4, 2007
              
Federal Reserve notes outstanding             980,274
   Less: Notes held by F.R. Banks
         not subject to collateralization     198,897
      Federal Reserve Notes to be
         collateralized                       781,376 
Collateral held against Federal Reserve            
   notes                                      781,376
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              768,139
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         820,803
   Less:face value of securities under
         reverse repurchase agreements         32,258
      U.S. Treasury and agency securities
             eligible to be pledged           788,545
   

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.