FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              March 6, 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            Mar 5, 2008 Feb 27, 2008  Mar 7, 2007  Mar 5, 2008
Federal Reserve Banks

Reserve Bank Credit                                         873,313    +   6,713    +  21,602      865,980
 Securities held outright                                   713,365    +       7    -  67,444      713,388       
    U.S. Treasury (1)                                       713,365    +       7    -  67,444      713,388
       Bills (2)                                            200,360            0    -  76,659      200,360
       Notes and bonds, nominal (2)                         470,010            0    +   1,457      470,010
       Notes and bonds, inflation-indexed (2)                38,437            0    +   6,661       38,437
       Inflation compensation (3)                             4,559    +       8    +   1,098        4,581
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    59,357    +  16,500    +  26,000       52,250
 Term auction credit                                         60,000            0    +  60,000       60,000  
 Other loans                                                    358    +     185    +     326           37
    Primary credit                                              355    +     186    +     347           34
    Secondary credit                                              0            0            0            0
    Seasonal credit                                               3    -       2    -      21            3
 Float                                                       -1,374    -     262    -     655       -1,545
 Other Federal Reserve assets                                41,607    -   9,716    +   3,374       41,850
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,736    +      14    +     418       38,736
       
Total factors supplying reserve funds                       925,290    +   6,727    +  22,020      917,957
                                                                   
Currency in circulation(5)                                  815,956    +     550    +   9,077      817,899
Reverse repurchase agreements (6)                            43,138    +   3,605    +   4,509       40,812
   Foreign official and international accounts               43,138    +   3,605    +   4,509       40,812
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          260    -       1    +      55          260
Deposits with F.R.Banks, other than reserve balances         11,985    +     115    +     206       11,917       
  U.S. Treasury, general account                              4,867    +     127    +     142        4,794
  Foreign official                                               97    -       1    +       5           98
  Service-related                                             6,750            0    +      60        6,750
     Required clearing balances                               6,750            0    +      60        6,750
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         271    -      12            0          275
Other liabilities and capital                                44,396    +     662    +   5,741       43,965

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  915,735    +   4,931    +  19,588      914,852

Reserve balances with Federal Reserve Banks                   9,556    +   1,797    +   2,433        3,104
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         2,150,012    +   8,556    + 301,608    2,144,806
     U.S. Treasury                                        1,280,627    +  10,344    +  70,757    1,276,650
     Federal agency                                         869,385    -   1,788    + 230,851      868,156
  Securities lent to dealers                                 19,020    +   4,561    +  16,815       16,300   


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  Mar 5, 2008     Feb 27, 2008      Mar 7, 2007

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,351        -       1        +     374
Securities, repurchase agreements, term auction
      credit, and other loans                                  825,675        -   2,867        +  13,564
   Securities held outright                                    713,388        +      33        -  67,430
      U.S. Treasury (1)                                        713,388        +      33        -  67,430       
         Bills (2)                                             200,360                0        -  76,659
         Notes and bonds, nominal (2)                          470,010                0        +   1,457
         Notes and bonds, inflation-indexed (2)                 38,437                0        +   6,661
         Inflation compensation (3)                              4,581        +      32        +   1,111
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    52,250        -   2,250        +  21,000    
   Term auction credit                                          60,000                0        +  60,000
   Other loans                                                      37        -     650        -       6
Items in process of collection                      (615)        1,715        +     150        -   1,867
Bank premises                                                    2,140        +       2        +     171
Other assets (5)                                                39,584        -  10,182        +   3,083
      Total assets                                  (615)      883,702        -  12,897        +  15,326
                          
Liabilities
Federal Reserve notes, net of FR Bank holdings                 780,769        +   1,317        +   9,914
Reverse repurchase agreements (6)                               40,812        -   1,836        +   3,024
Deposits                                              (0)       14,895        -  12,700        -   1,910       
  Depository institutions                                        9,729        -  12,394        -   2,281
  U.S. Treasury, general account                                 4,794        -     309        +     345
  Foreign official                                                  98        -       1        +       2
  Other                                               (0)          275        +       5        +      25
Deferred availability cash items                    (615)        3,260        +     486        -   1,362
Other liabilities and accrued dividends (7)                      4,415        -     301        -   1,386
      Total liabilities                             (615)      844,151        -  13,034        +   8,281
                          
Capital Accounts
Capital paid in                                                 19,461        +      66        +   3,501
Surplus                                                         18,458        +       1        +   3,142
Other capital accounts                                           1,632        +      70        +     402
      Total capital                                             39,551        +     137        +   7,045


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 Term Auction Credit, Other Loans and Securities,      March 5, 2008
Millions of dollars
                   Term auction    Other      U.S. Treasury                        Reverse
Remaining maturity    credit       loans       securities (1)        Repurchase   repurchase
                                                          Weekly     agreements(2)agreements(2)
                                              Holdings    changes    
Within 15 days          30,000           34      38,873   -   9,048       52,250       40,812
16 days to 90 days      30,000            3     126,745   +   9,926            0            0
91 days to 1 year     ------              0     133,639   -     524     ------      ------
Over 1 to 5 years     ------       ------       231,000   -     341     ------      ------
Over 5 to 10 years    ------       ------        88,945   +       7     ------      ------
Over 10 years         ------       ------        94,187   +      13     ------      ------
                   		 	
All                     60,000           37     713,388   +      33       52,250       40,812

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      March 5, 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        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                                           1,351         44         63        110        128        155        163        155         58         56         83        142        194
Securities, repurchase agreements, term
      auction credit, and other loans        825,675     36,295    318,912     33,872     31,838     67,055     74,221     66,940     25,552     18,334     24,784     34,890     92,981
   Securities held outright                  713,388     32,877    258,316     31,561     29,194     61,809     66,165     59,837     22,801     14,234     23,093     31,344     82,158
      U.S. Treasury (1)                      713,388     32,877    258,316     31,561     29,194     61,809     66,165     59,837     22,801     14,234     23,093     31,344     82,158
         Bills (2)                           200,360      9,234     72,550      8,864      8,199     17,360     18,583     16,806      6,404      3,998      6,486      8,803     23,075
         Notes and bonds(3)                  513,028     23,643    185,766     22,697     20,995     44,450     47,582     43,031     16,397     10,236     16,607     22,541     59,083
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                52,250      2,408     18,920      2,312      2,138      4,527      4,846      4,383      1,670      1,043      1,691      2,296      6,017
      Term auction credit                     60,000      1,010     41,677          0        500        708      3,210      2,720      1,080     3,057          0      1,250      4,788     
      Other loans                                 37          0          0          0          6         10          0          1          2          1          0          0         18
Items in process of collection                 2,330         75         31        156        434        174        146        198         91        150        215        164        495
Bank premises                                  2,140        119        214         65        152        186        229        207        118        112        276        255        208
Other assets(5)                               39,584      2,027     12,235      3,016      2,321      7,915      3,191      2,209        721        766        729      1,105      3,348
Interdistrict settlement account                   0    - 1,492    -21,032    + 2,234    + 1,383    + 4,487    + 7,018    + 7,120    + 3,525    - 1,520    + 5,584    - 1,505    - 5,803
          Total Assets                       884,316     37,631    315,351     39,990     36,788     80,988     86,252     77,944     30,462     18,131     32,074     35,762     92,944

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      March 5, 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

Liabilities                         
Federal Reserve notes outstanding             994,268     39,145    345,408     41,856     39,557     79,446    112,902     85,433     32,468     18,885     32,660     56,441    110,068
  Less: notes held by F.R. Banks              213,499      6,352     63,439      8,556      8,512     14,710     35,212     14,633      4,293      2,978      3,184     24,441     27,189
    Federal Reserve notes, net                780,769     32,793    281,969     33,300     31,045     64,735     77,691     70,800     28,175     15,907     29,476     32,000     82,879
Reverse repurchase agreements (1)              40,812      1,881     14,778      1,806      1,670      3,536      3,785      3,423      1,304        814      1,321      1,793      4,700
Deposits                                       14,895        366      7,079        380        642      1,414      1,031        736        330        249        419        788      1,463
  Depository institutions                       9,729        353      2,055        375        639      1,316      1,028        734        316        248        417        787      1,460
  U.S. Treasury, general account                4,794          0      4,794          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                                           275         11        162          0          0         87          0          0         13          0          1          0          0
Deferred availability cash items                3,875        186         68        605        550        309        297        347         76        307        282        213        635
Other liabilities and accrued                 
  dividends (2)                                 4,415        206      1,344        212        221        514        447        372        188        120        159        213        418
   
    Total liabilities                         844,765     35,432    305,238     36,303     34,127     70,508     83,251     75,678     30,073     17,397     31,657     35,006     90,095
                              
Capital                    
Capital paid in                                19,461      1,077      4,897      1,817      1,310      5,175      1,455      1,256        182        357        195        361      1,379
Surplus                                        18,458      1,049      4,624      1,813      1,291      4,997      1,426        815        180        355        194        364      1,350
Other capital                                   1,632         73        591         57         60        308        121        195         27         22         28         31        120
     Total liabilities and capital            884,316     37,631    315,351     39,990     36,788     80,988     86,252     77,944     30,462     18,131     32,074     35,762     92,944
                              

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
                                           Mar 5, 2008
              
Federal Reserve notes outstanding             994,268
   Less: Notes held by F.R. Banks
         not subject to collateralization     213,499
      Federal Reserve notes to be
         collateralized                       780,769 
Collateral held against Federal Reserve            
   notes                                      780,769
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              724,785
   Other assets pledged                        42,747

Memo:
Total U.S. Treasury and agency 
       securities (1)                         765,638
   Less:face value of securities under
         reverse repurchase agreements         40,853
      U.S. Treasury and agency securities
             eligible to be pledged           724,785
   

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.