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`FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           November 1, 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           Oct 31, 2007 Oct 24, 2007  Nov 1, 2006 Oct 31, 2007
Federal Reserve Banks

Reserve Bank Credit                                         862,696    +   3,851    +  29,259      869,405
 Securities held outright                                   779,568    -      12    +  10,917      779,586       
    U.S. Treasury (1)                                       779,568    -      12    +  10,917      779,586
       Bills (2)                                            267,019            0    -  10,000      267,019
       Notes and bonds, nominal (2)                         471,977    -     165    +  12,580      470,984
       Notes and bonds, inflation-indexed (2)                35,918    +     165    +   7,865       36,911
       Inflation compensation (3)                             4,654    -      13    +     472        4,672
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    41,250    +   3,536    +  18,821       48,500
 Loans to depository institutions                               283    -      11    +     111           92
    Primary credit                                              190    +      48    +     169           10
    Secondary credit                                              0    -      57            0            0
    Seasonal credit                                              93    -       2    -      59           82
 Float                                                         -728    -     238    -   1,961         -745
 Other Federal Reserve assets                                42,323    +     576    +   1,370       41,972
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,695    +      14    +     562       38,695
       
Total factors supplying reserve funds                       914,632    +   3,865    +  29,821      921,341
                                                                   
Currency in circulation(5)                                  813,082    +     271    +  18,345      815,303
Reverse repurchase agreements (6)                            38,131    +   1,405    +   6,173       38,055
   Foreign official and international accounts               38,131    +   1,405    +   6,173       38,055
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          308    -      14    +     127          301
Deposits with F.R.Banks, other than reserve balances         12,005    -      27    -     300       11,780       
  U.S. Treasury, general account                              4,950    -      96    -      32        4,307
  Foreign official                                              169    +      70    +      80          601
  Service-related                                             6,585    +       7    -     348        6,585
     Required clearing balances                               6,585    +       7    -     348        6,585
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         301    -       8    +       1          287
Other liabilities and capital                                42,181    +     241    +   5,493       41,849

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  905,708    +   1,877    +  29,839      907,288

Reserve balances with Federal Reserve Banks                   8,924    +   1,988    -      18       14,053
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         2,032,260    +   1,651    + 338,302    2,027,987
     U.S. Treasury                                        1,231,478    -   2,610    +  86,004    1,230,603
     Federal agency                                         800,782    +   4,261    + 252,297      797,384
  Securities lent to dealers                                  8,098    +   1,649    +   7,038       10,448   


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 Oct 31, 2007     Oct 24, 2007      Nov 1, 2006

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,251        +      35        +     417
Securities, repurchase agreements, and loans                   828,178        +   2,101        +  33,064
   Securities held outright                                    779,586        +      12        +   9,668
      U.S. Treasury (1)                                        779,586        +      12        +   9,668       
         Bills (2)                                             267,019                0        -  10,000
         Notes and bonds, nominal (2)                          470,984        -   1,158        +  11,919
         Notes and bonds, inflation-indexed (2)                 36,911        +   1,158        +   7,300
         Inflation compensation (3)                              4,672        +      11        +     449
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    48,500        +   2,500        +  23,500    
   Loans                                                            92        -     410        -     105
Items in process of collection                      (660)        2,210        -     144        -   7,405
Bank premises                                                    2,118        +      12        +     206
Other assets (5)                                                39,936        -      49        +   1,100
      Total assets                                  (660)      886,929        +   1,956        +  27,381
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  778,155        +   1,454        +  18,066
Reverse repurchase agreements (6)                               38,055        +     627        +   6,869
Deposits                                              (0)       25,915        -     328        -   1,277       
  Depository institutions                                       20,720        -     387        -   1,051
  U.S. Treasury, general account                                 4,307        -     430        -     700
  Foreign official                                                 601        +     502        +     510
  Other                                               (0)          287        -      13        -      36
Deferred availability cash items                    (660)        2,955        -      34        -   1,865
Other liabilities and accrued dividends (7)                      5,724        -     210        +     163
      Total liabilities                             (660)      850,803        +   1,507        +  21,954
                          
Capital Accounts
Capital paid in                                                 17,947        +     191        +   2,834
Surplus                                                         15,455        +      17        +   2,554
Other capital accounts                                           2,724        +     240        +      38
      Total capital                                             36,126        +     448        +   5,426


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,   October 31, 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              72       61,096   +   3,518            0           0       48,500       38,055
16 days to 90 days          20      148,087   -   9,908            0           0            0            0
91 days to 1 year            0      164,893   -   1,136            0           0     ------      ------
Over 1 to 5 years     ------        243,868   +   7,549            0           0     ------      ------
Over 5 to 10 years    ------         75,475   -       3            0           0     ------      ------
Over 10 years         ------         86,167   -       7            0           0     ------      ------
                   		 	
All                         92      779,586   +      12            0           0       48,500      38,055

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   October 31, 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                                           1,251         43         70         89        114        134        172        140         50         45         81        133        179
Securities, repurchase agreements,
      and loans                              828,178     38,163    299,848     36,650     33,888     71,747     76,803     69,479     26,467     16,549     26,824     36,390     95,369
   Securities held outright                  779,586     35,928    282,286     34,489     31,903     67,545     72,305     65,389     24,916     15,554     25,236     34,252     89,782
      U.S. Treasury (1)                      779,586     35,928    282,286     34,489     31,903     67,545     72,305     65,389     24,916     15,554     25,236     34,252     89,782
         Bills (2)                           267,019     12,306     96,687     11,813     10,927     23,135     24,765     22,397      8,534      5,328      8,644     11,732     30,752
         Notes and bonds(3)                  512,567     23,622    185,599     22,676     20,976     44,410     47,539     42,992     16,382     10,227     16,592     22,520     59,030
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                48,500      2,235     17,562      2,146      1,985      4,202      4,498      4,068      1,550        968      1,570      2,131      5,586
      Loans                                       92          0          0         15          0          0          0         22          1         27         18          7          2
Items in process of collection                 2,869         74         60        340        313        169        270        222         55        184        389        144        651
Bank premises                                  2,118        119        216         63        154        180        230        206        110        113        259        258        213
Other assets(5)                               39,936      1,335     12,348      3,378      2,304      7,520      3,408      2,598        807        750        798      1,040      3,650
Interdistrict settlement account                   0    - 3,656    +12,998    - 1,269    - 2,078    + 3,420    -    66    -   788    + 2,344    - 1,523    +   320    - 3,760    - 5,943
          Total Assets                       887,589     36,642    330,466     39,789     35,226     84,186     82,099     72,972     30,230     16,351     29,072     34,915     95,639

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   October 31, 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           1,001,409     38,044    361,638     40,813     38,505     81,610    111,073     80,321     31,931     17,130     30,315     57,251    112,778
  Less: notes held by F.R. Banks              223,253      6,234     70,029      7,954      8,581     14,906     37,378     14,398      3,961      3,126      3,802     25,777     27,108
    Federal Reserve notes, net                778,155     31,810    291,609     32,859     29,925     66,704     73,695     65,923     27,970     14,004     26,513     31,474     85,670
Reverse repurchase agreements (1)              38,055      1,754     13,780      1,684      1,557      3,297      3,529      3,192      1,216        759      1,232      1,672      4,383
Deposits                                       25,915        980     14,377        766        831      2,911      1,206      1,171        369        454        468        667      1,717
  Depository institutions                      20,720        975      9,325        761        789      2,796      1,241      1,169        366        453        466        666      1,713
  U.S. Treasury, general account                4,307          0      4,307          0          0          0          0          0          0          0          0          0          0
  Foreign official                                601          1        571          5          3         11          3          2          0          1          0          1          3
  Other                                           287          4        174          0         39        103        -38          0          3          0          1          0          0
Deferred availability cash items                3,614        178         97        533        433        330        360        301         74        254        253        199        601
Other liabilities and accrued                 
  dividends (2)                                 5,724        267      1,790        281        272        677        549        473        224        155        205        271        559
   
    Total liabilities                         851,463     34,989    321,653     36,123     33,018     73,918     79,340     71,060     29,853     15,626     28,671     34,283     92,929
                              
Capital                    
Capital paid in                                17,947        981      4,295      1,813      1,089      5,093      1,410        927        179        354        190        302      1,312
Surplus                                        15,455        396      3,842      1,811      1,087      4,099      1,278        861        167        276        176        214      1,248
Other capital                                   2,724        276        675         42         32      1,076         71        123         31         96         36        116        150
     Total liabilities and capital            887,589     36,642    330,466     39,789     35,226     84,186     82,099     72,972     30,230     16,351     29,072     34,915     95,639
                              

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
                                          Oct 31, 2007
              
Federal Reserve notes outstanding           1,001,409
   Less: Notes held by F.R. Banks
         not subject to collateralization     223,253
      Federal Reserve Notes to be
         collateralized                       778,155 
Collateral held against Federal Reserve            
   notes                                      778,155
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              764,919
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         828,086
   Less:face value of securities under
         reverse repurchase agreements         38,345
      U.S. Treasury and agency securities
             eligible to be pledged           789,740
   

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.`

Statistical releases

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