Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 867,193 + 357 + 16,114 865,792

Securities held outright 548,622 - 12,195 - 234,222 548,632

U.S. Treasury1 548,622 - 12,195 - 234,222 548,632

Bills2 70,317 - 11,511 - 206,702 70,317

Notes and bonds, nominal2 435,051 - 714 - 35,348 435,051

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

Inflation compensation3 4,817 + 30 + 1,167 4,827

Federal agency2 0 0 0 0

Repurchase agreements4 106,964 + 7,785 + 78,393 104,250

Term auction credit 100,000 0 + 100,000 100,000

Other loans 32,663 - 10,098 + 32,613 34,508

Primary credit 7,841 - 2,341 + 7,839 8,831

Secondary credit 0 0 0 0

Seasonal credit 18 + 1 - 30 22

Primary dealer credit facility 24,804 - 7,758 + 24,804 25,655

Other credit extensions 0 0 0 0

Float -1,438 - 752 - 524 -2,395

Other Federal Reserve assets 80,383 + 15,618 + 39,855 80,797

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,764 + 14 + 371 38,764

Total factors supplying reserve funds 919,198 + 371 + 16,485 917,797

Currency in circulation5 813,964 - 1,196 + 5,820 814,542

Reverse repurchase agreements6 40,047 + 1,130 + 6,884 40,659

Foreign official and international accounts 40,047 + 1,130 + 6,884 40,659

Dealers 0 0 0 0

Treasury cash holdings 357 + 3 + 41 356

Deposits with F.R. Banks, other than reserve balances 12,312 - 309 - 83 12,180

U.S. Treasury, general account 4,745 - 382 - 709 4,614

Foreign official 97 - 1 + 4 97

Service-related 7,154 + 109 + 600 7,154

Required clearing balances 7,154 + 109 + 600 7,154

Adjustments to compensate for float 0 0 0 0

Other 316 - 34 + 21 315

Other liabilities and capital 44,957 - 18 + 5,982 44,389

Total factors, other than reserve balances,

absorbing reserve funds 911,637 - 389 + 18,643 912,126

Reserve balances with Federal Reserve Banks 7,561 + 761 - 2,158 5,670

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 2,240,303 + 21,746 + 324,295 2,251,725

U.S. Treasury 1,327,635 + 15,197 + 91,711 1,329,060

Federal agency 912,668 + 6,550 + 232,584 922,665

Securities lent to dealers 138,417 + 28,712 + 136,934 143,814

Overnight facility8 9,317 - 3,959 + 7,834 9,864

Term facility9 129,100 + 32,671 + 129,100 133,950

FEDERAL RESERVE statistical release

 April 17, 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 other U.S. Treasury securities.

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

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

Change from week ended Wednesday

 Apr 16, 2008 Week ended

 Apr 16, 2008 Apr 9, 2008 Apr 18, 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 1,381 + 25 + 405

Securities, repurchase agreements, term auction

credit, and other loans 787,390 - 26,563 - 19,522

Securities held outright 548,632 - 11,482 - 234,228

U.S. Treasury1 548,632 - 11,482 - 234,228

Bills2 70,317 - 11,511 - 206,702

Notes and bonds, nominal2 435,051 0 - 35,348

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

Inflation compensation3 4,827 + 29 + 1,161

Federal agency2 0 0 0

Repurchase agreements4 104,250 - 15,750 + 80,250

Term auction credit 100,000 0 + 100,000

Other loans 34,508 + 670 + 34,456

Items in process of collection (522) 1,480 + 119 - 1,793

Bank premises 2,143 + 1 + 152

Other assets5 78,573 + 15,709 + 39,834

Total assets (522) 884,203 - 10,709 + 19,074

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 777,511 - 1,391 + 5,617

Reverse repurchase agreements6 40,659 + 1,880 + 6,688

Deposits (0) 17,769 - 11,840 + 1,568

Depository institutions 12,743 - 13,013 + 2,143

U.S. Treasury, general account 4,614 + 1,177 - 621

Foreign official 97 - 3 + 2

Other (0) 315 - 2 + 44

Deferred availability cash items (522) 3,875 + 857 - 592

Other liabilities and accrued dividends7 4,356 + 364 - 1,463

Total liabilities (522) 844,170 - 10,130 + 11,818

Capital accounts

Capital paid in 19,585 + 34 + 3,729

Surplus 18,471 0 + 3,109

Other capital accounts 1,977 - 613 + 418

Total capital 40,033 - 579 + 7,257

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Apr 18, 2007

Eliminations from

consolidation Wednesday

 Apr 16, 2008

Wednesday

 Apr 9, 2008

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, April 16, 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 50,000 28,151 24,625 - 1,717 64,250 40,659

16 days to 90 days 50,000 6,357 47,894 - 6,700 40,000 0

91 days to 1 year . . . 0 99,957 + 946 . . . . . . 

Over 1 year to 5 years . . . . . . 195,968 - 930 . . . . . . 

Over 5 years to 10 years . . . . . . 85,901 - 3,092 . . . . . . 

Over 10 years . . . . . . 94,287 + 12 . . . . . . 

All 100,000 34,508 548,632 - 11,482 104,250 40,659

Assets, liabilities, and capital

Remaining maturity

Term auction

credit
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 16, 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 1,381 787,390 548,632 548,632 70,317 478,315 0 104,250 100,000 34,508 2,001 2,143 78,573 0 884,725

 449 115 46 31,091 25,284 25,284 3,241 22,044 0 4,804 1,000 3 55 119 4,235 + 1,240 37,349

 4,053 874 67 346,461 198,658 198,658 25,462 173,196 0 37,749 78,321 31,733 0 213 22,163 -56,882 316,949

 455 83 104 28,919 24,272 24,272 3,111 21,161 0 4,612 0 35 214 65 6,816 + 3,500 40,156

 428 104 134 30,643 22,452 22,452 2,878 19,574 0 4,266 3,925 0 392 152 5,007 + 331 37,190

 869 147 162 65,447 47,535 47,535 6,092 41,442 0 9,032 7,155 1,725 69 190 18,262 - 4,009 81,138

 1,117 166 150 65,524 50,884 50,884 6,522 44,363 0 9,669 4,969 3 -7 228 6,184 +15,097 88,460

 903 212 165 55,866 46,018 46,018 5,898 40,120 0 8,744 725 379 146 205 3,979 +16,631 78,107

 326 71 53 21,918 17,535 17,535 2,247 15,287 0 3,332 1,049 3 58 119 1,109 + 6,047 29,702

    13, 10, 10, 1, 9,  2,     1, + 2, 18,
 984,984

 207,472 777,511 777,511 11,037 2,200 612,170 152,104 652,882 40,712 612,170

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.

 984,984 207,472 777,511 40,659 17,769 12,743 4,614 97 315 4,396 4,356 844,692 19,585 18,471 1,977 884,725

 38,540 6,003 32,538 1,874 375 353 0 2 20 183 171 35,140 1,087 1,050 73 37,349

 339,742 58,852 280,890 14,723 9,419 4,558 4,614 67 179 0 1,816 306,848 4,903 4,637 562 316,949

 41,564 8,038 33,526 1,799 458 454 0 4 1 492 183 36,457 1,838 1,814 47 40,156

 39,406 8,244 31,161 1,664 416 412 0 3 1 1,060 191 34,492 1,337 1,291 70 37,190

 78,821 14,258 64,564 3,523 1,816 1,705 0 11 100 311 461 70,674 5,174 4,997 292 81,138

 114,232 34,531 79,700 3,771 1,061 1,058 0 3 0 289 350 85,171 1,611 1,425 252 88,460

 84,824 14,299 70,524 3,410 962 961 0 2 0 341 300 75,538 1,259 815 494 78,107

 31,925 4,471 27,454 1,300 351 338 0 0 13 67 148 29,320 182 180 20 29,702

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

H.4.14. Statement of Condition of Each Federal Reserve Bank on April 16, 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

 Apr 16, 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.