Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 866,836 - 8,741 + 17,406 877,436

Securities held outright 560,817 - 28,268 - 220,545 560,114

U.S. Treasury1 560,817 - 28,268 - 220,545 560,114

Bills2 81,828 - 11,157 - 195,191 81,828

Notes and bonds, nominal2 435,765 - 17,144 - 33,197 435,051

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

Inflation compensation3 4,787 + 32 + 1,181 4,798

Federal agency2 0 0 0 0

Repurchase agreements4 99,179 + 21,679 + 70,572 120,000

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

Other loans 42,761 - 2,378 + 42,717 33,838

Primary credit 10,182 + 3,169 + 10,181 7,343

Secondary credit 0 0 0 0

Seasonal credit 17 + 10 - 26 16

Primary dealer credit facility 32,562 - 5,556 + 32,562 26,479

Other credit extensions 0 0 0 0

Float -686 + 385 - 214 -1,657

Other Federal Reserve assets 64,765 - 159 + 24,876 65,140

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding5 38,750 + 14 + 368 38,750

Total factors supplying reserve funds 918,827 - 8,727 + 17,774 929,426

Currency in circulation5 815,160 - 469 + 6,944 815,943

Reverse repurchase agreements6 38,917 - 2,779 + 3,475 38,779

Foreign official and international accounts 38,917 + 1,043 + 3,475 38,779

Dealers 0 - 3,821 0 0

Treasury cash holdings 354 + 19 + 13 357

Deposits with F.R. Banks, other than reserve balances 12,621 + 50 + 588 10,899

U.S. Treasury, general account 5,127 - 31 + 455 3,437

Foreign official 98 0 + 6 100

Service-related 7,045 - 3 + 56 7,045

Required clearing balances 7,045 - 3 + 56 7,045

Adjustments to compensate for float 0 0 0 0

Other 350 + 82 + 70 317

Other liabilities and capital 44,975 + 70 + 6,217 44,605

Total factors, other than reserve balances,

absorbing reserve funds 912,026 - 3,110 + 17,236 910,582

Reserve balances with Federal Reserve Banks 6,801 - 5,617 + 538 18,844

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 2,218,557 + 12,466 + 307,140 2,226,745

U.S. Treasury 1,312,438 + 13,736 + 76,317 1,320,380

Federal agency 906,118 - 1,272 + 230,821 906,365

Securities lent to dealers 109,705 + 24,099 + 108,679 112,164

Overnight facility8 13,276 - 8,045 + 12,250 12,164

Term facility9 96,429 + 32,143 + 96,429 100,000

FEDERAL RESERVE statistical release

 April 10, 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 9, 2008 Week ended

 Apr 9, 2008 Apr 2, 2008 Apr 11, 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 1,356 + 16 + 393

Securities, repurchase agreements, term auction

credit, and other loans 813,953 + 11,917 + 2,337

Securities held outright 560,114 - 21,126 - 222,702

U.S. Treasury1 560,114 - 21,126 - 222,702

Bills2 81,828 - 11,157 - 195,191

Notes and bonds, nominal2 435,051 - 9,999 - 35,348

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

Inflation compensation3 4,798 + 29 + 1,176

Federal agency2 0 0 0

Repurchase agreements4 120,000 + 44,000 + 91,250

Term auction credit 100,000 0 + 100,000

Other loans 33,838 - 10,958 + 33,789

Items in process of collection (580) 1,361 - 3,372 - 1,761

Bank premises 2,142 - 3 + 154

Other assets5 62,864 + 953 + 24,514

Total assets (580) 894,912 + 9,511 + 25,637

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 778,902 - 658 + 5,885

Reverse repurchase agreements6 38,779 - 2,282 + 4,645

Deposits (0) 29,609 + 11,769 + 9,856

Depository institutions 25,756 + 14,339 + 11,128

U.S. Treasury, general account 3,437 - 2,576 - 1,321

Foreign official 100 + 2 + 7

Other (0) 317 + 5 + 43

Deferred availability cash items (580) 3,018 - 242 - 885

Other liabilities and accrued dividends7 3,992 + 258 - 1,867

Total liabilities (580) 854,300 + 8,845 + 17,634

Capital accounts

Capital paid in 19,551 + 3 + 3,697

Surplus 18,471 0 + 3,109

Other capital accounts 2,590 + 663 + 1,197

Total capital 40,612 + 666 + 8,003

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Apr 11, 2007

Eliminations from

consolidation Wednesday

 Apr 9, 2008

Wednesday

 Apr 2, 2008

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, April 9, 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 100,000 27,087 26,342 - 3,935 85,000 38,779

16 days to 90 days 0 6,751 54,594 - 7,222 35,000 0

91 days to 1 year . . . 0 99,011 + 2 . . . . . . 

Over 1 year to 5 years . . . . . . 196,898 - 9,990 . . . . . . 

Over 5 years to 10 years . . . . . . 88,993 + 7 . . . . . . 

Over 10 years . . . . . . 94,275 + 12 . . . . . . 

All 100,000 33,838 560,114 - 21,126 120,000 38,779

Assets, liabilities, and capital

Remaining maturity

Term auction

credit
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 9, 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 1,356 813,953 560,114 560,114 81,828 478,286 0 120,000 100,000 33,838 1,941 2,142 62,864 0 895,493

 449 115 47 32,344 25,813 25,813 3,771 22,042 0 5,530 1,000 0 63 118 3,332 + 2,557 39,026

 4,053 874 67 352,841 202,816 202,816 29,630 173,186 0 43,452 73,443 33,131 0 213 18,228 -55,520 320,757

 455 83 101 30,094 24,780 24,780 3,620 21,160 0 5,309 0 6 283 65 5,266 + 5,981 42,327

 428 104 126 32,866 22,922 22,922 3,349 19,573 0 4,911 5,034 0 226 152 3,906 - 453 37,355

 869 147 163 62,787 48,529 48,529 7,090 41,440 0 10,397 3,860 0 60 190 13,997 + 3,244 81,457

 1,117 166 151 68,074 51,949 51,949 7,589 44,360 0 11,130 4,995 0 8 228 5,001 +14,031 88,776

 903 212 160 58,754 46,981 46,981 6,864 40,117 0 10,065 1,480 229 198 205 3,282 +16,454 80,169

 326 71 55 23,808 17,902 17,902 2,615 15,286 0 3,835 2,069 2 21 119 955 + 4,472 29,827

    16, 11, 11, 1, 9,  2, 3,    1, -  17,
 986,521

 207,620 778,902 778,902 11,037 2,200 641,294 124,371 680,114 38,820 641,294

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.

 986,521 207,620 778,902 38,779 29,609 25,756 3,437 100 317 3,598 3,992 854,881 19,551 18,471 2,590 895,493

 38,589 6,003 32,586 1,787 2,055 2,035 0 2 18 184 171 36,783 1,087 1,050 106 39,026

 340,247 59,134 281,112 14,042 13,901 10,219 3,437 70 175 0 1,376 310,430 4,903 4,637 787 320,757

 41,532 8,076 33,456 1,716 2,826 2,822 0 4 0 445 185 38,628 1,811 1,814 75 42,327

 39,265 8,065 31,200 1,587 1,025 1,022 0 3 0 637 194 34,644 1,322 1,291 98 37,355

 78,751 14,195 64,556 3,360 2,281 2,162 0 11 108 283 470 70,950 5,182 4,997 328 81,457

 115,062 34,950 80,112 3,597 1,007 1,004 0 3 0 328 388 85,432 1,612 1,425 307 88,776

 84,822 14,267 70,555 3,253 3,102 3,100 0 2 0 332 306 77,548 1,259 815 547 80,169

 31,970 4,354 27,615 1,239 353 339 0 0 14 66 153 29,427 181 180 39 29,827

 18,6 2,8 15,8 7 2 2    2 1 17,2 3 3  17,9

H.4.14. Statement of Condition of Each Federal Reserve Bank on April 9, 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 9, 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.