FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           February 5, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                     Feb 4, 2009 Jan 28, 2009  Feb 6, 2008  Feb 4, 2009

Reserve Bank credit                                       1,840,746   -  149,128   +  978,935    1,834,459
  Securities held outright                                  511,440   +    2,747   -  201,939      512,274       
    U.S. Treasury securities (1)                            475,034   -      166   -  238,345      474,982
      Bills (2)                                              18,423            0   -  181,937       18,423
      Notes and bonds, nominal (2)                          412,914            0   -   57,096      412,914
      Notes and bonds, inflation-indexed (2)                 39,378            0   +      941       39,378
      Inflation compensation (3)                              4,320   -      166   -      252        4,268
    Federal agency debt securities (2)                       29,029   +    2,361   +   29,029       29,915
    Mortgage-backed securities (4)                            7,377   +      553   +    7,377        7,377
  Repurchase agreements (5)                                       0   -   17,143   -   21,679            0
  Term auction credit                                       412,883   -    2,976   +  352,883      412,883  
  Other loans                                               153,692   +    3,683   +  153,547      149,030
    Primary credit                                           67,426   +    2,436   +   67,282       66,233
    Secondary credit                                              5   -       29   +        5           17
    Seasonal credit                                               2   +        1   +        1            4
    Primary dealer and other broker-dealer credit (6)        30,264   -    1,790   +   30,264       27,199
    Asset-backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                         16,981   +    2,388   +   16,981       16,933
    Credit extended to American International
      Group, Inc. (7)                                        39,013   +      677   +   39,013       38,644
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (8)                                259,315   -   56,886   +  259,315      258,664
  Net portfolio holdings of LLCs funded through
    the Money Market Investor Funding Facility (9)                0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (10)             25,785   -    1,195   +   25,785       25,860
  Net portfolio holdings of Maiden Lane II LLC (11)          18,965   -      727   +   18,965       18,968
  Net portfolio holdings of Maiden Lane III LLC (12)         27,464   +      427   +   27,464       27,510
  Float                                                      -1,796   +      221   -      534       -2,471
  Central bank liquidity swaps (13)                         388,791   -   77,062   +  364,791      387,448
  Other Federal Reserve assets (14)                          44,209   -      216   +      338       44,294
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (15)                           38,800   +       14   +      120       38,800
       
Total factors supplying reserve funds                     1,892,787   -  149,114   +  979,054    1,886,500

Note: Components may not sum to totals because of rounding.  Footnotes appear on the following page.


1. Factors Affecting Reserve Balances of Depository Institutions, continued
Millions of dollars
Reserve Bank credit, related items, and                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                     Feb 4, 2009 Jan 28, 2009  Feb 6, 2008  Feb 4, 2009

Currency in circulation (15)                                885,603   +    1,443   +   74,085      888,913
Reverse repurchase agreements (16)                           76,035   +    2,904   +   38,480       74,251
  Foreign official and international accounts                76,035   +    2,904   +   38,480       74,251
  Dealers                                                         0            0            0            0
Treasury cash holdings                                          293   +        6   +        7          274
Deposits with F.R. Banks, other than reserve balances       219,861   -   18,582   +  207,039      230,921       
  U.S. Treasury, general account                             41,917   -   13,622   +   36,369       47,708
  U.S. Treasury, supplementary financing account            169,962   -    4,878   +  169,962      169,962
  Foreign official                                              163   -        5   +       62          104
  Service-related                                             4,431   +       30   -    2,380        4,431
    Required clearing balances                                4,431   +       30   -    2,380        4,431
    Adjustments to compensate for float                           0            0            0            0
  Other                                                       3,389   -      106   +    3,027        8,717
Other liabilities and capital (17)                           49,107   -    1,322   +    6,568       49,496

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,230,900   -   15,550   +  326,180    1,243,855

Reserve balances with Federal Reserve Banks                 661,887   -  133,564   +  652,875      642,645
                                                                
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 1A.  
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. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is 
   the remaining principal balance of the underlying mortgages.  
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
   other broker-dealers.
7. Excludes credit extended to consolidated LLCs.
8. Refer to table 6 and the note on consolidation accompanying table 9.
9. Refer to table 7 and the note on consolidation accompanying table 9.
10. Refer to table 3 and the note on consolidation accompanying table 9.
11. Refer to table 4 and the note on consolidation accompanying table 9.
12. Refer to table 5 and the note on consolidation accompanying table 9.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when 
    the foreign currency is returned to the foreign central bank.  This exchange rate equals the market exchange 
    rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities.
17. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market 
    Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other 
    than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio 
    holdings of these LLCs.  Refer to table 3 through table 7 and the note on consolidation accompanying table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.


1A. Memorandum Items 
Millions of dollars
                                                                   Averages of daily figures
Memorandum item                                           Week ended   Change from week ended     Wednesday
                                                          Feb 4, 2009 Jan 28, 2009  Feb 6, 2008  Feb 4, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,554,655   +    6,385   +  437,049    2,550,750
  U.S. Treasury securities                                1,734,598   -    2,401   +  467,466    1,738,946
  Federal agency securities (2)                             820,058   +    8,788   -   30,415      811,803
Securities lent to dealers                                  126,994   -    5,459   +  115,012      127,433   
  Overnight facility (3)                                      6,364   -      995   -    5,618        6,803
  Term facility (4)                                         120,630   -    4,464   +  120,630      120,630

Note: Components may not sum to totals because of rounding.

1. Face value of the securities.  Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed 
   securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt
   securities.


2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities,   February 4, 2009
Millions of dollars

Remaining maturity                 Within 15  16 days to  91 days to  Over 1 year  Over 5 years  Over 10       All
                                      days     90 days      1 year     to 5 years   to 10 years   years 
Term auction credit                  107,647     305,236         ---          ---           ---        ---     412,883
Other loans (1)                       91,275      18,807          303      38,644           ---        ---     149,030
U.S. Treasury securities (2) 
  Holdings                            15,549      21,802       64,789     174,089        97,304    101,448     474,982
  Weekly changes                  -    2,063  +    2,869   -    1,860  +    1,002    -       34 -       62  -      147
Federal agency debt securities (3) 
  Holdings                               350       2,288        1,044      20,011         6,222          0      29,915
  Weekly changes                  +      200  -      350            0  +      987    +      713          0  +    1,550
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0      7,377       7,377
  Weekly changes                           0           0            0           0             0          0           0
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                    31,416     226,721            0         ---           ---        ---     258,137
Money market instruments held by
  LLCs funded through the Money
  Market Investor Funding
  Facility (6)                             0           0            0         ---           ---        ---           0
Repurchase agreements (7)                  0           0          ---         ---           ---        ---           0
Central bank liquidity swaps (8)     151,058     236,390            0           0             0          0     387,448

Reverse repurchase agreements (7)     74,251           0          ---         ---           ---        ---      74,251
  
Note: Components may not sum to totals because of rounding.
---   Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility LLC, the 
   LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden 
   Lane III LLC.  The loans were eliminated when preparing the FRBNY's statement of condition consistent with 
   consolidation under generally accepted accounting principles.
2. Face value.  For inflation-indexed securities, includes the original face value and compensation that adjusts for 
   the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the remaining 
   principal balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these arrangements valued at the exchange rate to be used when the foreign 
   currency is returned to the foreign central bank.  This exchange rate equals the market exchange rate used when the 
   foreign currency was acquired from the foreign central bank.


3. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                     Feb 4, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       25,860

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           28,820
Accrued interest payable to the Federal Reserve Bank of New York (2)                                   281
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,193
 
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly. 
   This table reflects valuations as of  December 31, 2008.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to
   the note on consolidation accompanying table 9.
3. Book value.  The fair value of these obligations is included in other liabilities and capital in table 1 
   and in other liabilities and accrued dividends in table 8 and table 9.

Note:  On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC 
under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company was formed 
to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of 
the credit extended and to minimize disruption to financial markets.  Payments by Maiden Lane LLC from the 
proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, 
principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest 
due to JPMorgan Chase & Co.  Any remaining funds will be paid to the FRBNY.



4. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Feb 4, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     18,968

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            19,169
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     54
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,006

1. Fair value.  Fair value reflects an estimate of the price that would be received upon selling an asset if 
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly.  
   This table reflects valuations as of  December 31, 2008.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement 
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 9.
3. Book value.  The deferred payment represents the portion of the proceeds of the net portfolio holdings due 
   to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement.  
   The fair value of this payment and accrued interest payable are included in other liabilities and capital 
   in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note:  On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden 
Lane II LLC under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company 
was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment 
portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries).  Payments by Maiden 
Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order:  operating 
expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment 
and interest due to AIG subsidiaries.  Any remaining funds will be shared by the FRBNY and AIG subsidiaries.


5. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Feb 4, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    27,510

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            24,339
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     79
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,039

1. Fair value.  Fair value reflects an estimate of the price that would be received upon selling an asset if 
   the transaction were to be conducted in an orderly market on the measurement date.  Revalued quarterly.  
   This table reflects valuations as of  December 31, 2008.  Any assets purchased after this valuation date 
   are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement 
   of condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 9.
3. Book value.  The fair value of these obligations is included in other liabilities and capital in table 1 
   and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane 
III LLC under the authority of section 13(3) of the Federal Reserve Act.  This limited liability company was 
formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group 
of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts.  In connection 
with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions.  
Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following 
order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, 
principal due to AIG, and interest due to AIG.  Any remaining funds will be shared by the FRBNY and AIG.


6. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Feb 4, 2009

Commercial paper holdings, net (1)                                                                  256,464
Other investments, net                                                                                2,200
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     258,664

Memorandum: Commercial paper holdings, face value                                                   258,137

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           256,751
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    157

1. Book value, which includes amortized cost and related fees.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of 
   condition consistent with consolidation under generally accepted accounting principles.  Refer to the 
   note on consolidation accompanying table 9.

Note: On October 27, 2008, the Federal Reserve Bank of New York began extending loans under the authority of 
section 13(3) of the Federal Reserve Act to Commercial Paper Funding Facility LLC.  This LLC is a limited 
liability company formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers 
and thereby foster liquidity in short-term funding markets and increase the availability of credit for 
businesses and households.


7. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility 
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Feb 4, 2009

Money market instrument holdings, net (1)                                                                 0
Other investments, net                                                                                    0
Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility                  0

Memorandum: Money market instrument holdings, face value                                                  0

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                 0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      0
Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility, 
  net of related discounts                                                                                0

1. Book value, which includes amortized cost.
2. Book value.  This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of 
   condition consistent with consolidation under generally accepted accounting principles.  Refer to the note 
   on consolidation accompanying table 9.

Note:  The Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the 
authority of section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through 
the Money Market Investor Funding Facility (MMIFF).  The MMIFF became operational on November 24, 2008.  These 
limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of 
deposit, bank notes, and outstanding asset-backed commercial paper from eligible issuers.  Such purchases are 
designed to foster liquidity in short-term money markets.


8. 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 4, 2009     Jan 28, 2009      Feb 6, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          2,200                0                0
Coin                                                                1,915       +       59       +      527
Securities, repurchase agreements, term auction
      credit, and other loans                                   1,074,186       -    7,106       +  284,850
  Securities held outright                                        512,274       +    1,403       -  201,102
    U.S. Treasury securities (1)                                  474,982       -      147       -  238,394       
      Bills (2)                                                    18,423                0       -  181,937
      Notes and bonds, nominal (2)                                412,914                0       -   57,096
      Notes and bonds, inflation-indexed (2)                       39,378                0       +      941
      Inflation compensation (3)                                    4,268       -      147       -      302
    Federal agency debt securities (2)                             29,915       +    1,550       +   29,915
    Mortgage-backed securities (4)                                  7,377                0       +    7,377
  Repurchase agreements (5)                                             0                0       -   15,500    
  Term auction credit                                             412,883       -    2,748       +  352,883
  Other loans                                                     149,030       -    5,760       +  148,571
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                        258,664       +   10,573       +  258,664
Net portfolio holdings of LLCs funded through
  the Money Market Investor Funding Facility (7)                        0                0                0
Net portfolio holdings of Maiden Lane LLC (8)                      25,860       +       88       +   25,860
Net portfolio holdings of Maiden Lane II LLC (9)                   18,968       +        4       +   18,968
Net portfolio holdings of 
  Maiden Lane III LLC (10)                                         27,510       +       54       +   27,510
Items in process of collection                         (376)          899       -      369       -      918
Bank premises                                                       2,180       -        3       +       48
Central bank liquidity swaps (11)                                 387,448       -   78,224       +  363,448
Other assets (12)                                                  42,034       -      724       +      390
     
      Total assets                                     (376)    1,852,901       -   75,648       +  979,347

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation  Feb 4, 2009     Jan 28, 2009      Feb 6, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  852,298       +    3,503       +   75,190
Reverse repurchase agreements (13)                                 74,251       +    2,037       +   37,698
Deposits                                                 (0)      873,487       -   81,984       +  858,793       
  Depository institutions                                         646,996       -   93,407       +  637,540
  U.S. Treasury, general account                                   47,708       +    8,991       +   42,867
  U.S. Treasury, supplementary financing account                  169,962       -    4,878       +  169,962
  Foreign official                                                    104       -        4       +        6
  Other                                                  (0)        8,717       +    7,314       +    8,417
Deferred availability cash items                       (376)        3,370       +      560       -       41
Other liabilities and accrued dividends (14)                        8,534       -       16       +    4,144

      Total liabilities                                (376)    1,811,940       -   75,900       +  975,783
                          
Capital accounts
Capital paid in                                                    21,694       +      123       +    3,217
Surplus                                                            19,206       +      229       +      749
Other capital accounts                                                 62       -       99       -      402

      Total capital                                                40,962       +      252       +    3,564

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 1A.
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. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is 
   the remaining principal balance of the underlying mortgages. 
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 6 and the note on consolidation accompanying table 9.
7. Refer to table 7 and the note on consolidation accompanying table 9.
8. Refer to table 3 and the note on consolidation accompanying table 9.
9. Refer to table 4 and the note on consolidation accompanying table 9.
10. Refer to table 5 and the note on consolidation accompanying table 9.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when 
    the foreign currency is returned to the foreign central bank.  This exchange rate equals the market 
    exchange rate used when the foreign currency was acquired from the foreign central bank. 
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market 
    Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other 
    than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio 
    holdings of these LLCs.  Refer to table 3 through table 7 and the note on consolidation accompanying table 9. 


9. Statement of Condition of Each Federal Reserve Bank,   February 4, 2009
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        424      3,935        453        423        891      1,221        913        344        199        349        636      1,249
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,915         65         85        154        152        264        247        217         53         63        132        199        284
Securities, repurchase agreements, term
      auction credit, and other loans      1,074,186     53,523    515,283     61,365     27,867    112,518     67,278     53,665     22,962     15,706     21,706     28,875     93,439
  Securities held outright                   512,274     21,487    182,264     22,367     19,425     46,452     50,970     45,213     17,702      9,671     18,810     21,250     56,663
    U.S. Treasury securities (1)             474,982     19,923    168,996     20,738     18,011     43,071     47,260     41,922     16,414      8,967     17,440     19,703     52,538
      Bills (2)                               18,423        773      6,555        804        699      1,671      1,833      1,626        637        348        676        764      2,038
      Notes and bonds (3)                    456,559     19,150    162,441     19,934     17,313     41,400     45,427     40,296     15,777      8,619     16,764     18,939     50,500
    Federal agency debt securities (2)        29,915      1,255     10,644      1,306      1,134      2,713      2,976      2,640      1,034        565      1,098      1,241      3,309
    Mortgage-backed securities (4)             7,377        309      2,625        322        280        669        734        651        255        139        271        306        816
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                        412,883     14,805    208,557     38,805      8,406     65,321     15,946      6,319      4,830      5,697      2,870      6,533     34,794     
  Other loans                                149,030     17,231    124,462        193         35        745        363      2,133        429        338         26      1,092      1,982
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)             258,664          0    258,664          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of LLCs funded
  through the Money Market Investor
  Funding Facility (7)                             0          0          0          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden Lane 
  LLC (8)                                     25,860          0     25,860          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (9)                             18,968          0     18,968          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (10)                           27,510          0     27,510          0          0          0          0          0          0          0          0          0          0
Items in process of collection                 1,275         66          0        258        142         44        259         81         15         78         47        123        163
Bank premises                                  2,180        123        209         65        147        229        224        206        131        112        273        249        212
Central bank liquidity swaps (11)            387,448     15,388    105,510     42,196     28,289    108,998     29,375     12,822      3,822      5,912      3,790      4,939     26,406
Other assets (12)                             42,034      1,785     12,748      3,476      2,468      8,603      3,600      2,288        856        718        884      1,051      3,558
Interdistrict settlement account                   0  -  15,693  -   6,569  -  53,590  +  28,519  -  95,123  +  37,535  +  30,379  +   7,546  -   3,665  +  13,174  +  15,368  +  42,120

      Total assets                         1,853,278     55,796    963,077     54,459     88,111    136,571    139,906    100,783     35,799     19,152     40,420     51,538    167,665

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank,   February 4, 2009 (continued)
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           1,032,381     37,940    360,850     41,086     46,156     80,485    133,121     83,620     29,132     17,481     29,661     60,818    112,032
  Less: Notes held by F.R. Banks              180,083      6,059     47,155      5,741      7,677     12,694     28,015     14,132      3,535      3,172      3,691     20,084     28,128
    Federal Reserve notes, net                852,298     31,881    313,694     35,345     38,479     67,791    105,106     69,488     25,597     14,309     25,970     40,734     83,904
Reverse repurchase agreements (13)             74,251      3,114     26,418      3,242      2,816      6,733      7,388      6,553      2,566      1,402      2,726      3,080      8,213
Deposits                                      873,487     18,762    606,916     10,422     43,042     49,497     23,528     22,537      6,987      2,413     11,005      6,656     71,721
  Depository institutions                     646,996     18,752    380,586     10,418     43,039     49,374     23,525     22,535      6,981      2,413     11,004      6,652     71,718
  U.S. Treasury, general account               47,708          0     47,708          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                         169,962          0    169,962          0          0          0          0          0          0          0          0          0          0
  Foreign official                                104          2         75          4          3         11          3          1          0          1          0          1          3
  Other                                         8,717          9      8,585          0          0        112          0          1          5          0          1          3          0
Deferred availability cash items                3,746        119          0        670        516        258        300        471         72        267        179        355        539
Other liabilities and accrued                 
  dividends (14)                                8,534        152      6,133        172        175        433        349        287        153        101        115        167        299
   
      Total liabilities                     1,812,316     54,029    953,161     49,850     85,028    124,712    136,670     99,337     35,374     18,492     39,997     50,991    164,675
                              
Capital                    
Capital paid in                                21,694        903      6,034      2,315      1,552      5,981      1,612        729        210        335        209        271      1,543
Surplus                                        19,206        844      3,883      2,295      1,531      5,878      1,612        704        210        324        208        271      1,447
Other capital                                      62         19          0          0          0          0         11         13          6          1          7          4          0

      Total liabilities and capital         1,853,278     55,796    963,077     54,459     88,111    136,571    139,906    100,783     35,799     19,152     40,420     51,538    167,665
                              
Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank,   February 4, 2009 (continued)

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1A.
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. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 6 and the note on consolidation below.
7. Refer to table 7 and the note on consolidation below.
8. Refer to table 3 and the note on consolidation below.
9. Refer to table 4 and the note on consolidation below.
10. Refer to table 5 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank.  This 
    exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities.
14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and  Maiden 
    Lane III LLCto entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs.  Refer to table 3 through 
    table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, 
a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns.  On October 27, 2008, the FRBNY began extending loans to Commercial Paper Funding 
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authorized the FRBNY 
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility.  These LLCs, which became operational on November 24, 2008, were established to purchase 
short-term U.S. dollar-denominated certificates of deposit, bank notes, and commercial paper from eligible issuers.  On November 25, 2008, a loan was extended to Maiden Lane III LLC, 
which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap 
contracts.  On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending 
reinvestment portfolio of subsidiaries of American International Group, Inc.

The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally accepted accounting principles, 
the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release.  As a 
consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and 
table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in 
this table (and table 1 and table 8).


10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars

Federal Reserve notes and collateral                                                              Wednesday
                                                                                                 Feb 4, 2009
              
Federal Reserve notes outstanding                                                                1,032,381
  Less: Notes held by F.R. Banks not subject to collateralization                                  180,083
    Federal Reserve notes to be collateralized                                                     852,298 
Collateral held against Federal Reserve notes                                                      852,298
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         2,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1)                           443,424
  Other assets pledged                                                                             395,637

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1)                               512,274
  Less: Face value of securities under reverse repurchase agreements                                68,850
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                         443,424
   
Note: Components may not sum to totals because of rounding.

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed 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.