Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 877,428 + 3,941 + 25,005 886,162

Securities held outright 478,710 - 3,340 - 311,707 478,734

U.S. Treasury1 478,710 - 3,340 - 311,707 478,734

Bills2 21,740 - 3,403 - 255,279 21,740

Notes and bonds, nominal2 412,392 0 - 62,280 412,392

Notes and bonds, inflation-indexed2 39,171 0 + 4,712 39,171

Inflation compensation3 5,407 + 62 + 1,140 5,431

Federal agency2 0 0 0 0

Repurchase agreements4 124,643 + 7,822 + 101,964 133,500

Term auction credit 150,000 0 + 150,000 150,000

Other loans 22,015 + 140 + 21,732 21,889

Primary credit 13,371 + 223 + 13,239 13,667

Secondary credit 0 - 224 0 0

Seasonal credit 70 + 3 - 81 77

Primary dealer credit facility 8,574 + 138 + 8,574 8,145

Other credit extensions 0 0 0 0

Float -1,294 + 103 - 736 -1,781

Other Federal Reserve assets 103,354 - 784 + 63,752 103,820

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,833 + 14 + 341 38,833

Total factors supplying reserve funds 929,502 + 3,955 + 25,347 938,236

Currency in circulation5 822,732 - 50 + 12,492 823,766

Reverse repurchase agreements6 40,254 + 140 + 8,533 41,809

Foreign official and international accounts 40,254 + 140 + 8,533 41,809

Dealers 0 0 0 0

Treasury cash holdings 279 + 6 - 22 276

Deposits with F.R. Banks, other than reserve balances 12,435 + 119 + 62 11,672

U.S. Treasury, general account 4,926 + 77 - 549 4,172

Foreign official 100 + 1 + 4 101

Service-related 7,132 + 36 + 549 7,132

Required clearing balances 7,132 + 36 + 549 7,132

Adjustments to compensate for float 0 0 0 0

Other 276 + 3 + 56 267

Other liabilities and capital 43,334 - 1,205 + 3,993 43,494

Total factors, other than reserve balances,

absorbing reserve funds 919,034 - 990 + 25,057 921,016

Reserve balances with Federal Reserve Banks 10,468 + 4,945 + 290 17,220

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 2,317,046 + 12,904 + 350,028 2,320,522

U.S. Treasury 1,359,927 + 10,198 + 128,977 1,359,167

Federal agency 957,119 + 2,706 + 221,050 961,355

Securities lent to dealers 119,366 + 12,666 + 114,648 118,818

Overnight facility8 7,446 - 2,287 + 2,728 4,361

Term facility9 111,920 + 14,953 + 111,920 114,457

FEDERAL RESERVE statistical release

 June 19, 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 under the overnight and term securities lending facilities.

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.

8. Fully collateralized by U.S. Treasury securities.

9. Fully collateralized by U.S. Treasury securities, federal agency securities, and highly rated non-agency asset-backed and mortgage-backed securities.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

Change from week ended Wednesday

 Jun 18, 2008 Week ended

 Jun 18, 2008 Jun 11, 2008 Jun 20, 2007
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1, footnotes 8 and 9.

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 1,329 - 10 + 397

Securities, repurchase agreements, term auction

credit, and other loans 784,123 + 11,763 - 28,249

Securities held outright 478,734 - 3,339 - 311,705

U.S. Treasury1 478,734 - 3,339 - 311,705

Bills2 21,740 - 3,403 - 255,279

Notes and bonds, nominal2 412,392 0 - 62,280

Notes and bonds, inflation-indexed2 39,171 0 + 4,712

Inflation compensation3 5,431 + 63 + 1,142

Federal agency2 0 0 0

Repurchase agreements4 133,500 + 15,250 + 112,500

Term auction credit 150,000 0 + 150,000

Other loans 21,889 - 148 + 20,956

Items in process of collection (623) 1,021 - 115 - 2,493

Bank premises 2,154 + 5 + 118

Other assets5 101,462 - 254 + 63,695

Total assets (623) 903,326 + 11,389 + 33,467

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 786,534 + 136 + 12,898

Reverse repurchase agreements6 41,809 + 2,054 + 11,366

Deposits (0) 28,688 + 9,581 + 6,210

Depository institutions 24,149 + 9,780 + 8,011

U.S. Treasury, general account 4,172 - 197 - 1,850

Foreign official 101 + 1 + 5

Other (0) 267 - 2 + 45

Deferred availability cash items (623) 2,802 + 66 - 1,348

Other liabilities and accrued dividends7 3,266 - 313 - 2,776

Total liabilities (623) 863,099 + 11,525 + 26,351

Capital accounts

Capital paid in 19,878 - 53 + 3,772

Surplus 18,486 0 + 3,099

Other capital accounts 1,864 - 82 + 247

Total capital 40,227 - 136 + 7,117

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jun 20, 2007

Eliminations from

consolidation Wednesday

 Jun 18, 2008

Wednesday

 Jun 11, 2008

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, June 18, 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 150,000 14,041 5,361 + 1,958 93,500 41,809

16 days to 90 days 0 7,848 39,695 - 1,541 40,000 0

91 days to 1 year . . . 0 75,977 - 3,128 . . . . . . 

Over 1 year to 5 years . . . . . . 171,083 - 668 . . . . . . 

Over 5 years to 10 years . . . . . . 90,108 + 14 . . . . . . 

Over 10 years . . . . . . 96,510 + 25 . . . . . . 

All 150,000 21,889 478,734 - 3,339 133,500 41,809

Assets, liabilities, and capital

Remaining maturity

Term auction

credit
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on June 18, 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 under the overnight and term securities lending facilities; refer to table 1, footnotes 8 and 9.2. 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 1,329 784,123 478,734 478,734 21,740 456,993 0 133,500 150,000 21,889 1,644 2,154 101,462 0 903,949

 424 115 43 27,179 20,080 20,080 912 19,168 0 5,599 1,500 0 60 118 5,485 + 3,903 37,329

 3,935 874 57 335,871 170,330 170,330 7,735 162,595 0 47,498 99,390 18,652 0 212 27,751 -45,233 323,467

 453 83 98 29,019 20,902 20,902 949 19,953 0 5,829 2,240 48 214 65 9,109 + 2,691 41,732

 423 104 107 25,704 18,153 18,153 824 17,329 0 5,062 2,468 20 383 151 6,589 + 3,949 37,410

 891 147 164 66,152 43,411 43,411 1,971 41,439 0 12,106 10,606 30 83 200 24,686 - 5,966 86,357

 1,221 166 157 66,885 47,633 47,633 2,163 45,470 0 13,283 5,823 146 103 227 8,011 +19,170 95,940

 913 212 163 58,512 42,253 42,253 1,919 40,334 0 11,783 3,670 806 115 207 5,010 +13,418 78,550

 344 71 45 23,349 16,543 16,543 751 15,792 0 4,613 2,050 143 33 124 1,332 + 4,124 29,422

    13, 9, 9,  8,  2, 1,    1, + 1, 17,
 988,851

 202,317 786,534 786,534 11,037 2,200 570,497 202,800 612,234 41,736 570,497

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.

 988,851 202,317 786,534 41,809 28,688 24,149 4,172 101 267 3,424 3,266 863,722 19,878 18,486 1,864 903,949

 37,681 5,082 32,599 1,754 754 735 0 2 17 186 160 35,453 816 1,050 10 37,329

 345,124 62,186 282,937 14,875 14,976 10,557 4,172 71 176 0 630 313,419 4,933 4,650 464 323,467

 40,722 7,045 33,677 1,825 1,292 1,288 0 4 0 402 211 37,407 2,334 1,814 178 41,732

 39,074 7,713 31,361 1,585 724 720 0 3 1 730 197 34,597 1,401 1,291 121 37,410

 80,765 13,255 67,510 3,791 3,862 3,799 0 11 52 320 511 75,994 5,178 4,998 188 86,357

 119,079 32,437 86,642 4,160 1,297 1,294 0 3 0 246 367 92,712 1,564 1,425 238 95,940

 83,847 13,478 70,370 3,690 1,347 1,345 0 2 0 237 310 75,953 1,281 815 501 78,550

 30,962 3,939 27,023 1,445 349 330 0 0 19 76 151 29,044 181 180 16 29,422

 18,0 2,9 15,1 7 3 3    2 1 16,6 3 3  17,3

H.4.14. Statement of Condition of Each Federal Reserve Bank on June 18, 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

 Jun 18, 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.