Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 866,606 - 253 + 13,191 879,351

Securities held outright 713,358 - 6 - 66,089 713,355

U.S. Treasury1 713,358 - 6 - 66,089 713,355

Bills2 200,360 0 - 76,659 200,360

Notes and bonds, nominal2 470,010 0 + 2,798 470,010

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

Inflation compensation3 4,551 - 7 + 1,110 4,549

Federal agency2 0 0 0 0

Repurchase agreements4 42,857 - 679 + 6,571 54,500

Term auction credit 60,000 0 + 60,000 60,000

Other loans to depository institutions 173 - 50 + 140 687

Primary credit 169 - 51 + 158 683

Secondary credit 0 0 0 0

Seasonal credit 5 + 2 - 16 4

Float -1,105 + 186 - 665 -1,209

Other Federal Reserve assets 51,323 + 297 + 13,233 52,018

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,793 + 14 + 488 38,793

Total factors supplying reserve funds 918,640 - 239 + 13,679 931,385

Currency in circulation5 815,477 - 1,683 + 8,838 816,636

Reverse repurchase agreements6 39,533 + 1,556 + 821 42,648

Foreign official and international accounts 39,533 + 1,556 + 821 42,648

Dealers 0 0 0 0

Treasury cash holdings 261 - 8 + 60 261

Deposits with F.R. Banks, other than reserve balances 11,870 + 854 + 115 12,222

U.S. Treasury, general account 4,740 + 879 + 66 5,103

Foreign official 98 0 + 7 99

Service-related 6,750 + 3 + 12 6,750

Required clearing balances 6,750 + 3 + 12 6,750

Adjustments to compensate for float 0 0 0 0

Other 283 - 27 + 31 270

Other liabilities and capital 43,734 + 1,327 + 5,665 44,130

Total factors, other than reserve balances,

absorbing reserve funds 910,875 + 2,047 + 15,498 915,897

Reserve balances with Federal Reserve Banks 7,766 - 2,285 - 1,818 15,487

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 2,141,456 + 11,236 + 308,086 2,147,318

U.S. Treasury 1,270,283 + 6,220 + 69,770 1,276,392

Federal agency 871,173 + 5,015 + 238,317 870,926

Securities lent to dealers 14,459 - 1,560 + 12,077 20,365

FEDERAL RESERVE statistical release

 February 28, 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

 Feb 27, 2008 Week ended

 Feb 27, 2008 Feb 20, 2008 Feb 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 1,352 - 7 + 367

Securities, repurchase agreements, term auction

credit, and other loans 828,542 + 15,058 + 2,477

Securities held outright 713,355 - 7 - 67,438

U.S. Treasury1 713,355 - 7 - 67,438

Bills2 200,360 0 - 76,659

Notes and bonds, nominal2 470,010 0 + 1,457

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

Inflation compensation3 4,549 - 7 + 1,103

Federal agency2 0 0 0

Repurchase agreements4 54,500 + 15,750 + 9,250

Term auction credit 60,000 0 + 60,000

Other loans 687 - 684 + 665

Items in process of collection (469) 1,565 - 1,349 - 1,475

Bank premises 2,138 + 4 + 164

Other assets5 49,766 + 1,436 + 13,800

Total assets (469) 896,599 + 15,142 + 15,332

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 779,452 - 1,051 + 8,494

Reverse repurchase agreements6 42,648 + 4,038 + 3,003

Deposits (0) 27,595 + 12,346 - 869

Depository institutions 22,123 + 11,800 - 783

U.S. Treasury, general account 5,103 + 578 - 91

Foreign official 99 - 2 + 8

Other (0) 270 - 29 - 4

Deferred availability cash items (469) 2,774 - 1,406 - 1,279

Other liabilities and accrued dividends7 4,716 + 322 - 981

Total liabilities (469) 857,185 + 14,250 + 8,368

Capital accounts

Capital paid in 19,395 + 42 + 3,442

Surplus 18,457 0 + 3,175

Other capital accounts 1,562 + 849 + 348

Total capital 39,414 + 892 + 6,964

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Feb 28, 2007

Eliminations from

consolidation Wednesday

 Feb 27, 2008

Wednesday

 Feb 20, 2008

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, February 27, 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 60,000 687 47,921 - 250 54,500 42,648

16 days to 90 days 0 0 116,819 + 1,970 0 0

91 days to 1 year . . . 0 134,163 - 1,721 . . . . . . 

Over 1 year to 5 years . . . . . . 231,341 - 2 . . . . . . 

Over 5 years to 10 years . . . . . . 88,938 - 1 . . . . . . 

Over 10 years . . . . . . 94,174 - 3 . . . . . . 

All 60,000 687 713,355 - 7 54,500 42,648

Assets, liabilities, and capital

Remaining maturity

Term auction

credit
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 27, 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 agreements4

Term 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 sec4. 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 1,352 828,542 713,355 713,355 200,360 512,995 0 54,500 60,000 687 2,033 2,138 49,766 0 897,068

 449 115 45 36,899 32,876 32,876 9,234 23,642 0 2,512 1,510 2 64 119 2,604 - 2,712 37,583

 4,053 874 63 323,094 258,304 258,304 72,550 185,754 0 19,734 44,872 184 30 215 14,851 -16,591 326,589

 455 83 108 33,970 31,559 31,559 8,864 22,695 0 2,411 0 0 187 65 4,002 + 1,150 40,022

 428 104 128 31,558 29,193 29,193 8,199 20,993 0 2,230 10 125 337 152 3,027 + 989 36,723

 869 147 155 67,342 61,807 61,807 17,360 44,447 0 4,722 813 0 72 186 10,615 + 1,933 81,319

 1,117 166 169 76,412 66,162 66,162 18,583 47,579 0 5,055 5,195 0 230 230 3,967 + 4,039 86,329

 903 212 155 64,775 59,834 59,834 16,806 43,028 0 4,571 370 0 205 205 2,669 + 9,554 78,678

 326 71 58 25,147 22,800 22,800 6,404 16,396 0 1,742 580 26 16 115 817 + 3,949 30,499

    15, 14, 14, 3, 10,  1,      +  18,
 996,021

 216,570 779,452 779,452 11,037 2,200 725,166 41,049 767,855 42,689 725,166

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.

 996,021 216,570 779,452 42,648 27,595 22,123 5,103 99 270 3,243 4,716 857,654 19,395 18,457 1,562 897,068

 39,043 6,351 32,691 1,965 353 331 0 2 20 156 207 35,373 1,077 1,049 83 37,583

 346,902 65,113 281,789 15,443 17,554 12,213 5,103 69 168 48 1,589 316,422 4,897 4,624 646 326,589

 41,886 8,591 33,295 1,887 456 452 0 4 0 456 211 36,305 1,817 1,813 87 40,022

 39,474 8,591 30,883 1,745 623 618 0 3 2 565 221 34,037 1,310 1,291 85 36,723

 79,415 14,713 64,701 3,695 1,791 1,715 0 11 66 260 570 71,018 5,109 4,996 196 81,319

 113,090 35,779 77,311 3,955 1,319 1,316 0 3 0 299 447 83,332 1,454 1,425 118 86,329

 85,404 14,573 70,832 3,577 1,385 1,383 0 2 0 309 377 76,480 1,256 815 126 78,678

 32,509 4,385 28,124 1,363 389 376 0 0 13 63 176 30,115 182 180 22 30,499

 18,8 3,0 15,8 8 3 3    2 1 17,4 3 3  18,1

H.4.14. Statement of Condition of Each Federal Reserve Bank on February 27, 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

 Feb 27, 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.