FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           February 7, 2008
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            Feb 6, 2008 Jan 30, 2008  Feb 7, 2007  Feb 6, 2008
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. Treasury (1)                                       713,379    -   4,971    -  65,492      713,376
       Bills (2)                                            200,360    -   5,000    -  76,659      200,360
       Notes and bonds, nominal (2)                         470,010    -     974    +   3,335      470,010
       Notes and bonds, inflation-indexed (2)                38,437    +     974    +   6,661       38,437
       Inflation compensation (3)                             4,572    +      28    +   1,171        4,570
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    21,679    -   7,714    -     714       15,500
 Term auction credit                                         60,000    +  10,000    +  60,000       60,000  
 Other loans                                                    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 outstanding (5)                            38,751    +      14    +     485       38,751
       
Total factors supplying reserve funds                       913,695    -   2,902    +  20,668      907,342
                                                                   
Currency in circulation(5)                                  811,589    +   1,846    +   9,177      814,199
Reverse repurchase agreements (6)                            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 accounts(2,7)         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   


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  Feb 6, 2008     Jan 30, 2008      Feb 7, 2007

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. Treasury (1)                                        713,376        -   4,995        -  65,500       
         Bills (2)                                             200,360        -   5,000        -  76,659
         Notes and bonds, nominal (2)                          470,010        -     974        +   3,335
         Notes and bonds, inflation-indexed (2)                 38,437        +     974        +   6,661
         Inflation compensation (3)                              4,570        +       6        +   1,164
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    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 assets (5)                                                65,374        -     793        +  26,481
      Total assets                                  (589)      873,285        -  29,770        +  14,417
                          
Liabilities
Federal Reserve notes, net of FR Bank holdings                 777,108        +   2,826        +   9,191
Reverse repurchase agreements (6)                               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 dividends (7)                      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


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 Term Auction Credit, Other Loans and Securities,   February 6, 2008
Millions of dollars
                   Term auction    Other      U.S. Treasury                        Reverse
Remaining maturity    credit       loans       securities (1)        Repurchase   repurchase
                                                          Weekly     agreements(2)agreements(2)
                                              Holdings    changes    
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 to 5 years     ------       ------       233,089   +   1,657     ------      ------
Over 5 to 10 years    ------       ------        84,408   +       1     ------      ------
Over 10 years         ------       ------        89,887   +     978     ------      ------
                   		 	
All                     60,000          459     713,376   -   4,995       15,500       36,553

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.



4. Statement of Condition of Each Federal Reserve Bank on   February 6, 2008
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                                           1,388         47         67        105        127        165        180        151         57         55         88        152        194
Securities, repurchase agreements, term
      auction credit, and other loans        789,336     34,111    306,864     32,246     31,359     63,676     72,747     61,771     24,846     16,492     23,815     33,274     88,136
   Securities held outright                  713,376     32,877    258,312     31,560     29,194     61,808     66,164     59,836     22,800     14,233     23,093     31,343     82,157
      U.S. Treasury (1)                      713,376     32,877    258,312     31,560     29,194     61,808     66,164     59,836     22,800     14,233     23,093     31,343     82,157
         Bills (2)                           200,360      9,234     72,550      8,864      8,199     17,360     18,583     16,806      6,404      3,998      6,486      8,803     23,075
         Notes and bonds(3)                  513,016     23,643    185,762     22,696     20,994     44,449     47,581     43,030     16,396     10,236     16,607     22,540     59,082
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                15,500        714      5,613        686        634      1,343      1,438      1,300        495        309        502        681      1,785
      Term auction credit                     60,000        520     42,939          0      1,091        525      5,145        635      1,550     1,949        220      1,250      4,176     
      Other loans                                459          0          0          0        440          0          0          0          0          0          1          0         18
Items in process of collection                 2,406        102         51        281        362        137        176        195         45        157        153        192        554
Bank premises                                  2,132        119        214         65        152        184        229        205        114        112        274        256        208
Other assets(5)                               65,374      3,462     19,013      5,391      4,041     14,371      5,228      3,467      1,038      1,265      1,065      1,683      5,350
Interdistrict settlement account                   0    - 1,279    -20,253    + 1,249    -   442    + 1,831    + 1,774    +11,300    + 4,285    -   142    + 6,233    - 1,013    - 3,544
          Total Assets                       873,873     37,127    310,882     39,875     36,130     81,381     81,617     78,205     30,782     18,172     32,030     35,255     92,419

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   February 6, 2008
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             999,251     39,104    348,676     42,221     39,566     80,266    109,811     86,139     32,931     19,215     33,247     56,799    111,277
  Less: notes held by F.R. Banks              222,143      6,513     68,326      8,941      8,912     14,648     36,191     14,545      4,246      3,119      3,588     24,956     28,160
    Federal Reserve notes, net                777,108     32,591    280,350     33,280     30,654     65,618     73,621     71,594     28,685     16,095     29,659     31,843     83,117
Reverse repurchase agreements (1)              36,553      1,685     13,236      1,617      1,496      3,167      3,390      3,066      1,168        729      1,183      1,606      4,210
Deposits                                       14,694        310      6,685        474        651      1,703        921      1,135        291        230        357        613      1,324
  Depository institutions                       9,456        291      1,595        470        648      1,606        918      1,133        278        229        355        612      1,321
  U.S. Treasury, general account                4,841          0      4,841          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 98          2         68          4          3         11          3          2          0          1          0          1          3
  Other                                           300         17        181          0          0         87          0          0         13          0          1          0          0
Deferred availability cash items                3,999        193        135        657        514        355        340        358         76        277        258        231        605
Other liabilities and accrued                 
  dividends (2)                                 4,121        203      1,060        205        216        527        447        369        179        119        166        211        417
   
    Total liabilities                         836,476     34,982    301,466     36,234     33,531     71,370     78,719     76,522     30,399     17,451     31,624     34,505     89,674
                              
Capital                    
Capital paid in                                18,477      1,049      4,620      1,814      1,294      4,997      1,447        819        182        355        196        364      1,340
Surplus                                        18,457      1,049      4,624      1,813      1,291      4,996      1,425        815        180        355        194        364      1,350
Other capital                                     464         46        173         13         14         17         26         49         21         11         16         22         55
     Total liabilities and capital            873,873     37,127    310,882     39,875     36,130     81,381     81,617     78,205     30,782     18,172     32,030     35,255     92,419
                              

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
                                           Feb 6, 2008
              
Federal Reserve notes outstanding             999,251
   Less: Notes held by F.R. Banks
         not subject to collateralization     222,143
      Federal Reserve notes to be
         collateralized                       777,108 
Collateral held against Federal Reserve            
   notes                                      777,108
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              692,295
   Other assets pledged                        71,576

Memo:
Total U.S. Treasury and agency 
       securities (1)                         728,876
   Less:face value of securities under
         reverse repurchase agreements         36,581
      U.S. Treasury and agency securities
             eligible to be pledged           692,295
   

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.