Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 861,703 - 2,916 + 20,183 855,350

Securities held outright 713,379 - 4,971 - 65,492 713,376

U.S. Treasury1 713,379 - 4,971 - 65,492 713,376

Bills2 200,360 - 5,000 - 76,659 200,360

Notes and bonds, nominal2 470,010 - 974 + 3,335 470,010

Notes and bonds, inflation-indexed2 38,437 + 974 + 6,661 38,437

Inflation compensation3 4,572 + 28 + 1,171 4,570

Federal agency2 0 0 0 0

Repurchase agreements4 21,679 - 7,714 - 714 15,500

Term auction credit 60,000 + 10,000 + 60,000 60,000

Other loans to depository institutions 145 + 117 + 124 459

Primary credit 144 + 119 + 143 458

Secondary credit 0 0 0 0

Seasonal credit 1 - 1 - 19 1

Float -1,261 - 112 - 808 -1,593

Other Federal Reserve assets 67,762 - 235 + 27,074 67,607

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,751 + 14 + 485 38,751

Total factors supplying reserve funds 913,695 - 2,902 + 20,668 907,342

Currency in circulation5 811,589 + 1,846 + 9,177 814,199

Reverse repurchase agreements6 37,555 - 1,926 + 2,066 36,553

Foreign official and international accounts 37,555 - 1,926 + 2,066 36,553

Dealers 0 0 0 0

Treasury cash holdings 286 - 16 + 108 276

Deposits with F.R. Banks, other than reserve balances 12,823 + 1,071 + 439 12,051

U.S. Treasury, general account 5,548 + 898 + 451 4,841

Foreign official 101 0 + 12 98

Service-related 6,812 + 141 - 49 6,812

Required clearing balances 6,812 + 141 - 49 6,812

Adjustments to compensate for float 0 0 0 0

Other 362 + 32 + 25 300

Other liabilities and capital 42,493 - 210 + 5,367 41,519

Total factors, other than reserve balances,

absorbing reserve funds 904,746 + 765 + 17,157 904,598

Reserve balances with Federal Reserve Banks 8,949 - 3,667 + 3,511 2,744

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 2,117,606 + 7,251 + 319,922 2,112,259

U.S. Treasury 1,267,132 + 10,851 + 86,485 1,267,216

Federal agency 850,473 - 3,600 + 233,436 845,043

Securities lent to dealers 11,982 + 473 + 9,163 13,296

FEDERAL RESERVE statistical release

 February 7, 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 6, 2008 Week ended

 Feb 6, 2008 Jan 30, 2008 Feb 7, 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 1,388 + 19 + 348

Securities, repurchase agreements, term auction

credit, and other loans 789,336 - 29,081 - 9,313

Securities held outright 713,376 - 4,995 - 65,500

U.S. Treasury1 713,376 - 4,995 - 65,500

Bills2 200,360 - 5,000 - 76,659

Notes and bonds, nominal2 470,010 - 974 + 3,335

Notes and bonds, inflation-indexed2 38,437 + 974 + 6,661

Inflation compensation3 4,570 + 6 + 1,164

Federal agency2 0 0 0

Repurchase agreements4 15,500 - 34,500 - 4,250

Term auction credit 60,000 + 10,000 + 60,000

Other loans 459 + 413 + 436

Items in process of collection (589) 1,817 + 92 - 3,276

Bank premises 2,132 - 8 + 176

Other assets5 65,374 - 793 + 26,481

Total assets (589) 873,285 - 29,770 + 14,417

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 777,108 + 2,826 + 9,191

Reverse repurchase agreements6 36,553 - 2,932 + 2,923

Deposits (0) 14,694 - 29,304 - 1,450

Depository institutions 9,456 - 29,041 - 1,036

U.S. Treasury, general account 4,841 - 241 - 414

Foreign official 98 - 1 + 8

Other (0) 300 - 20 - 6

Deferred availability cash items (589) 3,411 + 564 - 965

Other liabilities and accrued dividends7 4,121 - 425 - 1,498

Total liabilities (589) 835,887 - 29,271 + 8,201

Capital accounts

Capital paid in 18,477 + 5 + 3,116

Surplus 18,457 - 23 + 3,301

Other capital accounts 464 - 481 - 201

Total capital 37,398 - 499 + 6,216

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Feb 7, 2007

Eliminations from

consolidation Wednesday

 Feb 6, 2008

Wednesday

 Jan 30, 2008

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, February 6, 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 30,000 452 54,661 + 5,891 15,500 36,553

16 days to 90 days 30,000 8 104,384 - 11,391 0 0

91 days to 1 year . . . 0 146,948 - 2,131 . . . . . . 

Over 1 year to 5 years . . . . . . 233,089 + 1,657 . . . . . . 

Over 5 years to 10 years . . . . . . 84,408 + 1 . . . . . . 

Over 10 years . . . . . . 89,887 + 978 . . . . . . 

All 60,000 459 713,376 - 4,995 15,500 36,553

Assets, liabilities, and capital

Remaining maturity

Term auction

credit
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 6, 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 1,388 789,336 713,376 713,376 200,360 513,016 0 15,500 60,000 459 2,406 2,132 65,374 0 873,873

 449 115 47 34,111 32,877 32,877 9,234 23,643 0 714 520 0 102 119 3,462 - 1,279 37,127

 4,053 874 67 306,864 258,312 258,312 72,550 185,762 0 5,613 42,939 0 51 214 19,013 -20,253 310,882

 455 83 105 32,246 31,560 31,560 8,864 22,696 0 686 0 0 281 65 5,391 + 1,249 39,875

 428 104 127 31,359 29,194 29,194 8,199 20,994 0 634 1,091 440 362 152 4,041 - 442 36,130

 869 147 165 63,676 61,808 61,808 17,360 44,449 0 1,343 525 0 137 184 14,371 + 1,831 81,381

 1,117 166 180 72,747 66,164 66,164 18,583 47,581 0 1,438 5,145 0 176 229 5,228 + 1,774 81,617

 903 212 151 61,771 59,836 59,836 16,806 43,030 0 1,300 635 0 195 205 3,467 +11,300 78,205

 326 71 57 24,846 22,800 22,800 6,404 16,396 0 495 1,550 0 45 114 1,038 + 4,285 30,782

    16, 14, 14, 3, 10,   1,    1, -  18,
 999,251

 222,143 777,108 777,108 11,037 2,200 692,295 71,576 728,876 36,581 692,295

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.

 999,251 222,143 777,108 36,553 14,694 9,456 4,841 98 300 3,999 4,121 836,476 18,477 18,457 464 873,873

 39,104 6,513 32,591 1,685 310 291 0 2 17 193 203 34,982 1,049 1,049 46 37,127

 348,676 68,326 280,350 13,236 6,685 1,595 4,841 68 181 135 1,060 301,466 4,620 4,624 173 310,882

 42,221 8,941 33,280 1,617 474 470 0 4 0 657 205 36,234 1,814 1,813 13 39,875

 39,566 8,912 30,654 1,496 651 648 0 3 0 514 216 33,531 1,294 1,291 14 36,130

 80,266 14,648 65,618 3,167 1,703 1,606 0 11 87 355 527 71,370 4,997 4,996 17 81,381

 109,811 36,191 73,621 3,390 921 918 0 3 0 340 447 78,719 1,447 1,425 26 81,617

 86,139 14,545 71,594 3,066 1,135 1,133 0 2 0 358 369 76,522 819 815 49 78,205

 32,931 4,246 28,685 1,168 291 278 0 0 13 76 179 30,399 182 180 21 30,782

 19,2 3,1 16,0 7 2 2    2 1 17,4 3 3  18,1

H.4.14. Statement of Condition of Each Federal Reserve Bank on February 6, 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 6, 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.