FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                         September 13, 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 12, 2007  Sep 5, 2007 Sep 13, 2006 Sep 12, 2007
Federal Reserve Banks

Reserve Bank Credit                                         857,247    +     630    +  30,862      872,691
 Securities held outright                                   779,639    -       2    +  12,348      779,638       
    U.S. Treasury (1)                                       779,639    -       2    +  12,348      779,638
       Bills (2)                                            267,019            0    -  10,000      267,019
       Notes and bonds, nominal (2)                         472,142            0    +  11,926      472,142
       Notes and bonds, inflation-indexed (2)                35,753            0    +   9,734       35,753
       Inflation compensation (3)                             4,725    -       3    +     687        4,724
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    33,357    -   3,643    +  15,107       45,000
 Loans to depository institutions                             3,158    +   1,817    +   2,574        7,386
    Primary credit                                            2,932    +   1,829    +   2,688        7,152
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             226    -      12    -     114          234
 Float                                                        1,350    +   1,701    +      97          618
 Other Federal Reserve assets                                39,743    +     758    +     736       40,050
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,625    +      14    +     585       38,625
       
Total factors supplying reserve funds                       909,113    +     644    +  31,447      924,557
                                                                   
Currency in circulation(5)                                  812,951    -   1,990    +  16,820      812,647
Reverse repurchase agreements (6)                            34,291    -     640    +   7,202       33,490
   Foreign official and international accounts               34,291    -     640    +   7,202       33,490
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          342    +      11    +     166          340
Deposits with F.R.Banks, other than reserve balances         11,730    +      33    -     163       12,151       
  U.S. Treasury, general account                              4,755    +      70    +       6        5,188
  Foreign official                                               97    +       2    +       2           97
  Service-related                                             6,612    -       2    -     175        6,612
     Required clearing balances                               6,612    -       2    -     175        6,612
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         265    -      38    +       3          254
Other liabilities and capital                                41,064    +     454    +   5,220       40,693

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  900,378    -   2,132    +  29,246      899,322

Reserve balances with Federal Reserve Banks                   8,735    +   2,776    +   2,201       25,236
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,981,321    +   1,126    + 299,191    1,977,916
     U.S. Treasury                                        1,207,142    -      37    +  59,493    1,203,489
     Federal agency                                         774,180    +   1,164    + 239,699      774,427
  Securities lent to dealers                                  5,519    -     367    +   1,623        3,258   


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 12, 2007      Sep 5, 2007     Sep 13, 2006

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,049        +      32        +     240
Securities, repurchase agreements, and loans                   832,023        +  16,044        +  45,126
   Securities held outright                                    779,638        -       2        +  10,764
      U.S. Treasury (1)                                        779,638        -       2        +  10,764       
         Bills (2)                                             267,019                0        -  10,000
         Notes and bonds, nominal (2)                          472,142                0        +  10,351
         Notes and bonds, inflation-indexed (2)                 35,753                0        +   9,734
         Inflation compensation (3)                              4,724        -       3        +     678
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    45,000        +  10,000        +  29,000    
   Loans                                                         7,386        +   6,048        +   5,363
Items in process of collection                      (919)        3,744        -   1,752        -     994
Bank premises                                                    2,082        +       3        +     196
Other assets (5)                                                38,071        +     827        +     760
      Total assets                                  (919)      890,206        +  15,154        +  45,328
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  775,407        -   3,254        +  16,865
Reverse repurchase agreements (6)                               33,490        -   1,608        +   6,567
Deposits                                              (0)       37,220        +  21,108        +  18,058       
  Depository institutions                                       31,681        +  20,395        +  17,569
  U.S. Treasury, general account                                 5,188        +     699        +     498
  Foreign official                                                  97                0        +       4
  Other                                               (0)          254        +      13        -      12
Deferred availability cash items                    (919)        3,396        -   1,374        -   1,309
Other liabilities and accrued dividends (7)                      6,088        +      22        +     624
      Total liabilities                             (919)      855,601        +  14,894        +  40,806
                          
Capital Accounts
Capital paid in                                                 16,974                0        +   1,906
Surplus                                                         15,424                0        +   2,523
Other capital accounts                                           2,207        +     260        +      93
      Total capital                                             34,605        +     260        +   4,522


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 12, 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           6,181       45,070   -   3,035            0           0       45,000       33,490
16 days to 90 days       1,204      162,887   +   2,760            0           0            0            0
91 days to 1 year            0      172,696   +     275            0           0     ------      ------
Over 1 to 5 years     ------        237,296   -       1            0           0     ------      ------
Over 5 to 10 years    ------         75,489           0            0           0     ------      ------
Over 10 years         ------         86,200   -       1            0           0     ------      ------
                   		 	
All                      7,386      779,638   -       2            0           0       45,000      33,490

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 12, 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                                           1,049         27         62         68         96        111        148        119         45         40         81        114        138
Securities, repurchase agreements,
      and loans                              832,023     38,004    303,529     36,491     35,362     71,998     76,485     69,217     26,403     16,524     26,742     36,284     94,984
   Securities held outright                  779,638     35,930    282,305     34,491     31,905     67,549     72,310     65,394     24,918     15,555     25,238     34,255     89,788
      U.S. Treasury (1)                      779,638     35,930    282,305     34,491     31,905     67,549     72,310     65,394     24,918     15,555     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)                  512,619     23,624    185,618     22,678     20,978     44,414     47,544     42,997     16,384     10,228     16,594     22,523     59,036
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                45,000      2,074     16,294      1,991      1,842      3,899      4,174      3,774      1,438        898      1,457      1,977      5,182
      Loans                                    7,386          0      4,930          9      1,615        550          2         49         47         71         48         52         13
Items in process of collection                 4,664        143         56        468        420        345        622        376        711        226        257        259        778
Bank premises                                  2,082        119        217         57        155        176        230        206        102        114        244        259        204
Other assets(5)                               38,071      1,247     11,674      3,349      2,196      7,240      3,253      2,445        823        705        735        967      3,438
Interdistrict settlement account                   0    - 4,102    +14,270    -   814    - 4,394    + 1,850    + 3,392    - 1,040    - 1,082    -   726    +   515    - 3,491    - 4,378
          Total Assets                       891,126     36,003    334,735     40,158     34,366     82,737     85,412     72,438     27,400     17,117     28,975     35,103     96,684

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 12, 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             997,677     37,257    360,733     41,070     38,184     81,600    110,583     80,130     29,261     17,270     30,241     57,659    113,689
  Less: notes held by F.R. Banks              222,270      5,718     72,950      7,972      8,870     14,862     33,706     14,631      4,037      3,182      3,680     25,852     26,810
    Federal Reserve notes, net                775,407     31,539    287,783     33,098     29,314     66,738     76,877     65,499     25,224     14,089     26,561     31,808     86,878
Reverse repurchase agreements (1)              33,490      1,543     12,127      1,482      1,371      2,902      3,106      2,809      1,070        668      1,084      1,471      3,857
Deposits                                       37,220      1,098     23,970      1,051        791      2,537      1,813      1,403        365      1,167        406        674      1,945
  Depository institutions                      31,681      1,096     18,558      1,046        786      2,465      1,809      1,401        335      1,166        405        673      1,942
  U.S. Treasury, general account                5,188          0      5,188          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                                           254          1        159          0          1         61          0          0         30          0          1          0          0
Deferred availability cash items                4,315        240        110        561        559        298        475        371        139        310        300        256        696
Other liabilities and accrued                 
  dividends (2)                                 6,088        273      1,845        283        279        881        549        490        226        158        222        287        595
   
    Total liabilities                         856,521     34,695    325,834     36,475     32,313     73,355     82,820     70,572     27,025     16,392     28,573     34,495     93,971
                              
Capital                    
Capital paid in                                16,974        847      4,288      1,808        917      4,675      1,230        897        176        353        190        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                                   2,207         65        796         64         50        609         85        108         33         95         36        107        159
     Total liabilities and capital            891,126     36,003    334,735     40,158     34,366     82,737     85,412     72,438     27,400     17,117     28,975     35,103     96,684
                              

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 12, 2007
              
Federal Reserve notes outstanding             997,677
   Less: Notes held by F.R. Banks
         not subject to collateralization     222,270
      Federal Reserve Notes to be
         collateralized                       775,407 
Collateral held against Federal Reserve            
   notes                                      775,407
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              762,171
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         824,638
   Less:face value of securities under
         reverse repurchase agreements         33,540
      U.S. Treasury and agency securities
             eligible to be pledged           791,098
   

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.