Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 874,582 - 2,847 + 26,965 877,008

Securities held outright 478,773 + 63 - 311,703 478,796

U.S. Treasury1 478,773 + 63 - 311,703 478,796

Bills2 21,740 0 - 255,279 21,740

Notes and bonds, nominal2 412,392 0 - 62,280 412,392

Notes and bonds, inflation-indexed2 39,171 0 + 4,712 39,171

Inflation compensation3 5,470 + 63 + 1,144 5,494

Federal agency2 0 0 0 0

Repurchase agreements4 121,679 - 2,964 + 103,893 129,750

Term auction credit 150,000 0 + 150,000 150,000

Other loans 20,874 - 1,141 + 20,695 15,402

Primary credit 14,702 + 1,331 + 14,697 13,637

Secondary credit 0 0 0 0

Seasonal credit 77 + 7 - 97 76

Primary dealer credit facility 6,095 - 2,479 + 6,095 1,690

Other credit extensions 0 0 0 0

Float -1,145 + 148 - 292 -1,415

Other Federal Reserve assets 104,402 + 1,048 + 64,372 104,474

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,847 + 14 + 340 38,847

Total factors supplying reserve funds 926,670 - 2,833 + 27,305 929,096

Currency in circulation5 822,947 + 215 + 13,213 825,203

Reverse repurchase agreements6 40,374 + 120 + 9,546 42,049

Foreign official and international accounts 40,374 + 120 + 9,546 42,049

Dealers 0 0 0 0

Treasury cash holdings 276 - 3 - 18 279

Deposits with F.R. Banks, other than reserve balances 12,511 + 76 + 857 11,609

U.S. Treasury, general account 5,070 + 144 + 147 4,208

Foreign official 100 0 + 1 100

Service-related 7,055 - 77 + 661 7,055

Required clearing balances 7,055 - 77 + 661 7,055

Adjustments to compensate for float 0 0 0 0

Other 285 + 9 + 47 246

Other liabilities and capital 44,453 + 1,119 + 4,798 44,184

Total factors, other than reserve balances,

absorbing reserve funds 920,561 + 1,527 + 28,396 923,324

Reserve balances with Federal Reserve Banks 6,109 - 4,360 - 1,091 5,772

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 2,322,375 + 5,329 + 347,166 2,334,025

U.S. Treasury 1,353,434 - 6,493 + 121,823 1,361,911

Federal agency 968,941 + 11,822 + 225,344 972,114

Securities lent to dealers 112,072 - 7,294 + 108,743 112,486

Overnight facility8 5,612 - 1,834 + 2,283 7,359

Term facility9 106,460 - 5,460 + 106,460 105,127

FEDERAL RESERVE statistical release

 June 26, 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 U.S. Treasury securities.

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

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

Change from week ended Wednesday

 Jun 25, 2008 Week ended

 Jun 25, 2008 Jun 18, 2008 Jun 27, 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 1,333 + 4 + 395

Securities, repurchase agreements, term auction

credit, and other loans 773,949 - 10,174 - 36,735

Securities held outright 478,796 + 62 - 311,701

U.S. Treasury1 478,796 + 62 - 311,701

Bills2 21,740 0 - 255,279

Notes and bonds, nominal2 412,392 0 - 62,280

Notes and bonds, inflation-indexed2 39,171 0 + 4,712

Inflation compensation3 5,494 + 63 + 1,147

Federal agency2 0 0 0

Repurchase agreements4 129,750 - 3,750 + 109,750

Term auction credit 150,000 0 + 150,000

Other loans 15,402 - 6,487 + 15,215

Items in process of collection (483) 1,213 + 192 - 2,473

Bank premises 2,154 0 + 115

Other assets5 102,325 + 863 + 64,034

Total assets (483) 894,212 - 9,114 + 25,337

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 787,963 + 1,429 + 12,911

Reverse repurchase agreements6 42,049 + 240 + 11,915

Deposits (0) 17,387 - 11,301 - 3,187

Depository institutions 12,833 - 11,316 - 3,388

U.S. Treasury, general account 4,208 + 36 + 169

Foreign official 100 - 1 + 3

Other (0) 246 - 21 + 28

Deferred availability cash items (483) 2,628 - 174 - 1,210

Other liabilities and accrued dividends7 3,797 + 531 - 2,334

Total liabilities (483) 853,824 - 9,275 + 18,094

Capital accounts

Capital paid in 19,877 - 1 + 3,766

Surplus 18,486 0 + 3,088

Other capital accounts 2,024 + 160 + 388

Total capital 40,387 + 160 + 7,242

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jun 27, 2007

Eliminations from

consolidation Wednesday

 Jun 25, 2008

Wednesday

 Jun 18, 2008

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, June 25, 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 75,000 7,654 5,855 + 494 89,750 42,049

16 days to 90 days 75,000 7,748 39,201 - 494 40,000 0

91 days to 1 year . . . 0 75,981 + 4 . . . . . . 

Over 1 year to 5 years . . . . . . 171,103 + 20 . . . . . . 

Over 5 years to 10 years . . . . . . 90,121 + 13 . . . . . . 

Over 10 years . . . . . . 96,535 + 25 . . . . . . 

All 150,000 15,402 478,796 + 62 129,750 42,049

Assets, liabilities, and capital

Remaining maturity

Term auction

credit
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on June 25, 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 1,333 773,949 478,796 478,796 21,740 457,056 0 129,750 150,000 15,402 1,697 2,154 102,325 0 894,695

 424 115 40 27,026 20,083 20,083 912 19,171 0 5,442 1,500 2 58 118 5,531 + 3,808 37,120

 3,935 874 57 328,676 170,353 170,353 7,735 162,618 0 46,164 100,265 11,894 0 213 28,000 -43,232 318,523

 453 83 99 26,848 20,905 20,905 949 19,956 0 5,665 240 38 232 65 9,172 + 3,664 40,615

 423 104 113 25,896 18,156 18,156 824 17,331 0 4,920 2,810 10 344 151 6,641 + 3,500 37,173

 891 147 166 66,028 43,417 43,417 1,971 41,445 0 11,766 10,806 40 168 200 24,843 - 9,050 83,393

 1,221 166 151 67,131 47,639 47,639 2,163 45,476 0 12,910 6,435 147 113 227 8,099 +20,590 97,699

 913 212 164 58,478 42,258 42,258 1,919 40,340 0 11,452 4,100 668 22 207 5,066 +12,629 77,692

 344 71 50 23,171 16,545 16,545 751 15,794 0 4,484 2,016 126 22 124 1,348 + 4,170 29,300

    11, 9, 9,  8,  2,     1, + 2, 17,
 989,094

 201,131 787,963 787,963 11,037 2,200 566,482 208,245 608,546 42,065 566,482

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.

 989,094 201,131 787,963 42,049 17,387 12,833 4,208 100 246 3,112 3,797 854,308 19,877 18,486 2,024 894,695

 37,378 5,032 32,346 1,764 767 764 0 2 0 191 161 35,229 816 1,050 25 37,120

 346,862 61,793 285,069 14,961 7,259 2,814 4,208 70 167 0 1,127 308,416 4,934 4,650 524 318,523

 40,361 6,901 33,460 1,836 385 381 0 4 0 369 214 36,264 2,334 1,814 204 40,615

 38,796 7,587 31,209 1,594 747 743 0 3 1 597 199 34,347 1,401 1,291 134 37,173

 80,318 13,094 67,224 3,813 1,181 1,123 0 11 47 235 527 72,979 5,178 4,998 238 83,393

 120,643 32,435 88,209 4,184 1,516 1,513 0 3 0 229 383 94,521 1,563 1,425 189 97,699

 83,187 13,466 69,722 3,711 1,108 1,106 0 2 0 235 309 75,086 1,280 815 511 77,692

 30,722 3,871 26,851 1,453 428 400 0 0 28 41 149 28,922 181 180 17 29,300

 17,8 2,8 15,0 7 3 3    2 1 16,4 3 3  17,1

H.4.14. Statement of Condition of Each Federal Reserve Bank on June 25, 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

 Jun 25, 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.