FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          December 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           Dec 12, 2007  Dec 5, 2007 Dec 13, 2006 Dec 12, 2007
Federal Reserve Banks

Reserve Bank Credit                                         863,773    -   3,181    +  26,415      867,291
 Securities held outright                                   774,728    -   4,977    -     686      774,735       
    U.S. Treasury (1)                                       774,728    -   4,977    -     686      774,735
       Bills (2)                                            262,019    -   5,000    -  15,000      262,019
       Notes and bonds, nominal (2)                         470,984            0    +   6,743      470,984
       Notes and bonds, inflation-indexed (2)                36,911            0    +   6,806       36,911
       Inflation compensation (3)                             4,814    +      23    +     764        4,821
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    45,643    -   1,214    +  23,179       47,750
 Loans to depository institutions                             3,047    +   2,705    +   2,819        4,547
    Primary credit                                            3,009    +   2,700    +   2,862        4,514
    Secondary credit                                              3    +       3    +       3            0
    Seasonal credit                                              36    +       3    -      45           33
 Float                                                         -782    -      16    -   2,310         -973
 Other Federal Reserve assets                                41,137    +     322    +   3,413       41,232
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,779    +      14    +     595       38,779
       
Total factors supplying reserve funds                       915,793    -   3,167    +  27,010      919,311
                                                                   
Currency in circulation(5)                                  818,295    +     193    +  12,070      819,841
Reverse repurchase agreements (6)                            37,972    +   1,936    +   9,890       37,764
   Foreign official and international accounts               37,972    +   1,936    +   9,890       37,764
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          256    -       9    +      76          247
Deposits with F.R.Banks, other than reserve balances         11,757    -      37    -     352       11,275       
  U.S. Treasury, general account                              4,831    -      74    +      91        4,333
  Foreign official                                               97            0    +       6           97
  Service-related                                             6,553    +      67    -     462        6,554
     Required clearing balances                               6,541    +      55    -     474        6,541
     Adjustments to compensate for float                         13    +      13    +      13           13
  Other                                                         275    -      31    +      11          292
Other liabilities and capital                                43,064    +     367    +   6,625       42,824

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  911,343    +   2,449    +  28,309      911,951

Reserve balances with Federal Reserve Banks                   4,451    -   5,615    -   1,298        7,361
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         2,040,303    +   3,566    + 310,029    2,042,499
     U.S. Treasury                                        1,228,614    +   2,896    +  67,416    1,225,020
     Federal agency                                         811,688    +     669    + 242,612      817,479
  Securities lent to dealers                                  7,919    +   2,172    +   4,773       12,825   


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 Dec 12, 2007      Dec 5, 2007     Dec 13, 2006

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,209        +      19        +     382
Securities, repurchase agreements, and loans                   827,032        -   1,329        +  29,242
   Securities held outright                                    774,735        -   4,980        -     868
      U.S. Treasury (1)                                        774,735        -   4,980        -     868       
         Bills (2)                                             262,019        -   5,000        -  15,000
         Notes and bonds, nominal (2)                          470,984                0        +   6,539
         Notes and bonds, inflation-indexed (2)                 36,911                0        +   6,806
         Inflation compensation (3)                              4,821        +      20        +     786
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    47,750        +   1,250        +  26,500    
   Loans                                                         4,547        +   2,401        +   3,611
Items in process of collection                      (686)        2,413        -      32        -   5,172
Bank premises                                                    2,120        +       2        +     199
Other assets (5)                                                39,087        +     273        +   2,643
      Total assets                                  (686)      885,097        -   1,068        +  27,293
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  782,513        +     574        +  11,218
Reverse repurchase agreements (6)                               37,764        +   1,114        +   9,462
Deposits                                              (0)       18,611        -   2,895        +   1,402       
  Depository institutions                                       13,889        -   2,092        +   1,531
  U.S. Treasury, general account                                 4,333        -     746        -     167
  Foreign official                                                  97        +       1        +       6
  Other                                               (0)          292        -      58        +      32
Deferred availability cash items                    (686)        3,385        +      25        -   1,494
Other liabilities and accrued dividends (7)                      5,947        -      49        -      64
      Total liabilities                             (686)      848,220        -   1,231        +  20,524
                          
Capital Accounts
Capital paid in                                                 18,282        +      95        +   2,968
Surplus                                                         15,461                0        +   4,907
Other capital accounts                                           3,133        +      67        -   1,107
      Total capital                                             36,877        +     163        +   6,769


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,  December 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              22       46,111   -   3,633            0           0       39,750       37,764
16 days to 90 days       4,525      162,696   -   2,043            0           0        8,000            0
91 days to 1 year            0      160,488   +     677            0           0     ------      ------
Over 1 to 5 years     ------        234,709   +       8            0           0     ------      ------
Over 5 to 10 years    ------         81,938   +       3            0           0     ------      ------
Over 10 years         ------         88,793   +       8            0           0     ------      ------
                   		 	
All                      4,547      774,735   -   4,980            0           0       47,750      37,764

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  December 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                                           1,209         40         59         90        112        140        159        138         54         45         75        132        164
Securities, repurchase agreements,
      and loans                              827,032     37,907    302,333     36,391     33,659     71,262     76,284     68,991     26,287     16,418     26,637     36,140     94,723
   Securities held outright                  774,735     35,704    280,529     34,275     31,705     67,125     71,855     64,982     24,761     15,458     25,079     34,039     89,223
      U.S. Treasury (1)                      774,735     35,704    280,529     34,275     31,705     67,125     71,855     64,982     24,761     15,458     25,079     34,039     89,223
         Bills (2)                           262,019     12,075     94,876     11,592     10,723     22,702     24,302     21,977      8,374      5,228      8,482     11,512     30,176
         Notes and bonds(3)                  512,716     23,629    185,653     22,683     20,982     44,423     47,553     43,005     16,387     10,230     16,597     22,527     59,048
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                47,750      2,201     17,290      2,112      1,954      4,137      4,429      4,005      1,526        953      1,546      2,098      5,499
      Loans                                    4,547          2      4,514          4          0          0          0          4          0          8         13          3          1
Items in process of collection                 3,099        114         94        513        408        394        188        160         66        141        273        152        597
Bank premises                                  2,120        119        215         64        154        181        230        204        109        113        264        257        212
Other assets(5)                               39,087      1,277     12,001      3,406      2,272      7,533      3,338      2,508        751        725        757        984      3,533
Interdistrict settlement account                   0    - 2,380    - 2,121    -   579    -   165    + 4,508    - 4,254    + 4,016    + 3,803    +   726    + 4,086    - 2,541    - 5,098
          Total Assets                       885,783     37,641    317,508     40,422     36,972     85,034     77,227     77,133     31,466     18,401     32,493     35,834     95,651

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  December 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           1,009,868     39,286    357,805     41,972     39,372     81,871    106,378     85,130     33,171     19,388     33,638     58,021    113,837
  Less: notes held by F.R. Banks              227,355      6,204     73,990      8,218      7,972     14,281     37,644     14,849      3,949      3,079      3,579     25,693     27,896
    Federal Reserve notes, net                782,513     33,082    283,814     33,755     31,400     67,590     68,734     70,281     29,222     16,309     30,059     32,328     85,940
Reverse repurchase agreements (1)              37,764      1,740     13,674      1,671      1,545      3,272      3,503      3,168      1,207        753      1,222      1,659      4,349
Deposits                                       18,611        444      8,853        454        825      2,840      1,218      1,050        336        227        386        618      1,359
  Depository institutions                      13,889        416      4,269        450        821      2,765      1,215      1,047        324        226        384        618      1,355
  U.S. Treasury, general account                4,333          0      4,333          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                                           292         28        186          0          1         64          0          0         12          0          1          0          0
Deferred availability cash items                4,071        196        144        609        594        328        360        360        108        235        229        206        701
Other liabilities and accrued                 
  dividends (2)                                 5,947        262      1,716        287        277        992        553        464        214        157        194        272        557
   
    Total liabilities                         848,906     35,725    308,202     36,776     34,642     75,022     74,368     75,323     31,086     17,682     32,090     35,083     92,907
                              
Capital                    
Capital paid in                                18,282      1,049      4,538      1,813      1,154      4,996      1,411        880        180        354        190        362      1,353
Surplus                                        15,461        396      3,845      1,811      1,088      4,099      1,279        861        167        276        176        214      1,248
Other capital                                   3,133        471        923         21         88        917        169         69         33         89         36        174        143
     Total liabilities and capital            885,783     37,641    317,508     40,422     36,972     85,034     77,227     77,133     31,466     18,401     32,493     35,834     95,651
                              

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
                                          Dec 12, 2007
              
Federal Reserve notes outstanding           1,009,868
   Less: Notes held by F.R. Banks
         not subject to collateralization     227,355
      Federal Reserve Notes to be
         collateralized                       782,513 
Collateral held against Federal Reserve            
   notes                                      782,513
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              769,277
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         822,485
   Less:face value of securities under
         reverse repurchase agreements         37,812
      U.S. Treasury and agency securities
             eligible to be pledged           784,673
   

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.