Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 869,437 - 9,347 + 17,325 878,643

Securities held outright 628,977 - 47,917 - 151,905 612,305

U.S. Treasury1 628,977 - 47,917 - 151,905 612,305

Bills2 124,375 - 40,841 - 152,644 114,091

Notes and bonds, nominal2 461,457 - 7,124 - 7,096 455,052

Notes and bonds, inflation-indexed2 38,437 0 + 6,661 38,437

Inflation compensation3 4,708 + 48 + 1,174 4,726

Federal agency2 0 0 0 0

Repurchase agreements4 84,821 + 23,714 + 52,642 106,750

Term auction credit 80,000 0 + 80,000 80,000

Other loans 33,481 + 14,432 + 33,401 37,607

Primary credit 550 + 469 + 498 579

Secondary credit 2 + 2 + 2 0

Seasonal credit 6 - 1 - 22 6

Primary dealer credit facility 32,923 + 19,490 + 32,923 37,023

Other credit extensions 0 - 5,529 0 0

Float -1,349 + 218 - 796 -1,872

Other Federal Reserve assets 43,506 + 205 + 3,981 43,853

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,778 + 14 + 420 38,778

Total factors supplying reserve funds 921,456 - 9,333 + 17,745 930,662

Currency in circulation5 816,955 - 99 + 11,470 817,761

Reverse repurchase agreements6 40,706 - 4 + 3,262 40,822

Foreign official and international accounts 40,706 + 1,032 + 3,262 40,822

Dealers 0 - 1,036 0 0

Treasury cash holdings 297 + 24 + 23 331

Deposits with F.R. Banks, other than reserve balances 12,854 + 581 + 489 12,197

U.S. Treasury, general account 5,729 + 577 + 739 4,944

Foreign official 118 + 15 + 19 239

Service-related 6,754 0 - 286 6,754

Required clearing balances 6,754 0 - 286 6,754

Adjustments to compensate for float 0 0 0 0

Other 254 - 10 + 18 261

Other liabilities and capital 44,535 - 199 + 5,776 44,645

Total factors, other than reserve balances,

absorbing reserve funds 915,347 + 303 + 21,018 915,758

Reserve balances with Federal Reserve Banks 6,109 - 9,637 - 3,274 14,905

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 2,184,255 + 15,757 + 304,511 2,195,949

U.S. Treasury 1,284,715 + 4,373 + 73,897 1,291,523

Federal agency 899,539 + 11,383 + 230,613 904,426

Securities lent to dealers 9,940 - 2,288 + 9,359 15,484

FEDERAL RESERVE statistical release

 March 27, 2008

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

 Mar 26, 2008 Week ended

 Mar 26, 2008 Mar 19, 2008 Mar 28, 2007
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 1,321 + 5 + 400

Securities, repurchase agreements, term auction

credit, and other loans 836,663 + 5,253 + 19,744

Securities held outright 612,305 - 48,179 - 168,585

U.S. Treasury1 612,305 - 48,179 - 168,585

Bills2 114,091 - 38,269 - 162,928

Notes and bonds, nominal2 455,052 - 9,958 - 13,501

Notes and bonds, inflation-indexed2 38,437 0 + 6,661

Inflation compensation3 4,726 + 48 + 1,183

Federal agency2 0 0 0

Repurchase agreements4 106,750 + 44,750 + 70,750

Term auction credit 80,000 0 + 80,000

Other loans 37,607 + 8,682 + 37,579

Items in process of collection (471) 785 - 701 - 2,034

Bank premises 2,143 + 2 + 168

Other assets5 41,619 + 461 + 3,808

Total assets (471) 895,768 + 5,021 + 22,087

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 780,632 - 569 + 10,394

Reverse repurchase agreements6 40,822 - 5,321 + 3,179

Deposits (0) 27,011 + 11,086 + 3,487

Depository institutions 21,567 + 11,392 + 3,138

U.S. Treasury, general account 4,944 - 420 + 172

Foreign official 239 + 140 + 148

Other (0) 261 - 27 + 30

Deferred availability cash items (471) 2,658 - 607 - 1,150

Other liabilities and accrued dividends7 3,833 - 244 - 2,019

Total liabilities (471) 854,955 + 4,344 + 13,889

Capital accounts

Capital paid in 19,546 + 18 + 3,705

Surplus 18,458 0 + 3,097

Other capital accounts 2,808 + 658 + 1,394

Total capital 40,812 + 676 + 8,197

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Mar 28, 2007

Eliminations from

consolidation Wednesday

 Mar 26, 2008

Wednesday

 Mar 19, 2008

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, March 26, 2008

Millions of dollars

 U.S. Treasury

securities1

Holdings Weekly

changes

Other

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.

Reverse

repurchase

agreements2

Within 15 days 80,000 37,557 39,831 + 1,140 76,750 40,822

16 days to 90 days 0 50 73,064 - 26,510 30,000 0

91 days to 1 year . . . 0 101,222 - 12,896 . . . . . . 

Over 1 year to 5 years . . . . . . 214,965 - 9,943 . . . . . . 

Over 5 years to 10 years . . . . . . 88,977 + 11 . . . . . . 

Over 10 years . . . . . . 94,246 + 20 . . . . . . 

All 80,000 37,607 612,305 - 48,179 106,750 40,822

Assets, liabilities, and capital

Remaining maturity

Term auction

credit
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on March 26, 2008Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap

AssetsGold certificate accountSpecial drawing rights certificate acct.CoinSecurities, repurchase agreements, term

auction credit, and other loans

Securities held outright

U.S. Treasury1

Bills2Notes and bonds3

Federal agency2

Repurchase agreements4Term auction creditOther 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 s4. 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.

Assets, liabilities, and capital

 11,037 2,200 1,321 836,663 612,305 612,305 114,091 498,215 0 106,750 80,000 37,607 1,257 2,143 41,619 0 896,239

 449 115 44 33,141 28,219 28,219 5,258 22,961 0 4,920 0 3 37 119 2,128 + 1,650 37,683

 4,053 874 65 359,547 221,714 221,714 41,312 180,402 0 38,654 62,131 37,048 9 214 12,912 -55,115 322,559

 455 83 105 31,850 27,089 27,089 5,047 22,041 0 4,723 0 39 -79 65 3,190 + 4,931 40,600

 428 104 123 31,335 25,057 25,057 4,669 20,389 0 4,369 1,909 0 244 152 2,422 + 1,997 36,804

 869 147 155 63,088 53,051 53,051 9,885 43,166 0 9,249 770 18 0 189 8,251 + 8,626 81,325

 1,117 166 153 66,892 56,790 56,790 10,582 46,208 0 9,901 201 0 102 229 3,346 +18,220 90,226

 903 212 157 63,755 51,358 51,358 9,570 41,789 0 8,954 3,440 4 131 205 2,344 +10,850 78,557

 326 71 56 25,052 19,570 19,570 3,646 15,923 0 3,412 2,070 0 68 118 737 + 3,478 29,905

    20, 12, 12, 2, 9,  2, 6,     - 3, 18,
 990,897

 210,266 780,632 780,632 11,037 2,200 678,208 89,187 719,055 40,847 678,208

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.

 990,897 210,266 780,632 40,822 27,011 21,567 4,944 239 261 3,129 3,833 855,427 19,546 18,458 2,808 896,239

 38,685 6,035 32,650 1,881 574 541 0 2 31 155 181 35,443 1,087 1,049 104 37,683

 342,873 60,735 282,138 14,782 13,975 8,651 4,944 209 172 30 1,163 312,088 4,906 4,624 940 322,559

 41,557 8,354 33,203 1,806 1,248 1,244 0 4 0 447 188 36,891 1,813 1,814 83 40,600

 39,388 8,371 31,017 1,671 765 759 0 3 3 448 199 34,099 1,315 1,291 99 36,804

 78,844 14,479 64,365 3,537 2,183 2,132 0 11 40 262 453 70,800 5,182 4,997 346 81,325

 115,920 34,774 81,145 3,786 1,315 1,312 0 3 0 258 388 86,893 1,610 1,426 297 90,226

 84,848 14,601 70,247 3,424 1,704 1,702 0 2 0 294 321 75,990 1,259 815 493 78,557

 32,062 4,371 27,692 1,305 294 281 0 0 13 45 156 29,491 181 180 53 29,905

 18,6 2,8 15,7 8 3 3    2 1 17,3 3 3  18,0

H.4.14. Statement of Condition of Each Federal Reserve Bank on March 26, 2008 (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

 Mar 26, 2008

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.