For Release at 

4:30 P.M. Eastern time 

 October 23, 2008 

The weekly average value of net portfolio holdings of Maiden Lane LLC reflects holdings 

from Thursday, October 16, 2008, through Wednesday, October 22, 2008. The holdings for 

the first six days of this week are based on the values as of June 30, 2008. The holdings for 

the last day were based on values as of September 30, 2008, the quarterly revaluation date. 

The fair value of the net portfolio holdings will be updated quarterly. 

FEDERAL RESERVE statistical release 
Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 1,803,300 + 63,222 + 944,345 1,787,028

Securities held outright 490,633 - 24 - 288,947 490,617

U.S. Treasury1 476,528 - 24 - 303,052 476,512

Bills2 18,423 0 - 248,596 18,423

Notes and bonds, nominal2 410,757 - 835 - 61,385 410,757

Notes and bonds, inflation-indexed2 40,806 + 835 + 5,053 40,806

Inflation compensation3 6,542 - 25 + 1,875 6,526

Federal agency2 14,105 0 + 14,105 14,105

Repurchase agreements4 80,000 0 + 42,286 80,000

Term auction credit 263,092 0 + 263,092 263,092

Other loans 418,580 - 18,950 + 418,286 408,156

Primary credit 105,754 + 6,095 + 105,612 107,547

Secondary credit 0 - 4 - 57 0

Seasonal credit 19 - 6 - 76 14

Primary dealer and other broker-dealer credit5 111,255 - 19,870 + 111,255 102,377

Asset-backed commercial paper money

market mutual fund liquidity facility 114,219 - 15,397 + 114,219 107,895

Other credit extensions 87,332 + 10,231 + 87,332 90,323

Net portfolio holdings of Maiden Lane LLC6 29,137 - 355 + 29,137 26,802

Float -1,048 - 34 - 558 -1,353

Other Federal Reserve assets 522,906 + 82,586 + 481,050 519,713

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding7 38,773 + 14 + 92 38,773

Total factors supplying reserve funds 1,855,315 + 63,236 + 944,438 1,839,042

Currency in circulation7 854,517 + 1,289 + 41,706 856,821

Reverse repurchase agreements8 98,110 + 12,220 + 61,384 95,987

Foreign official and international accounts 73,110 - 5,637 + 36,384 70,987

Dealers 25,000 + 17,857 + 25,000 25,000

Treasury cash holdings 276 0 - 46 268

Deposits with F.R. Banks, other than reserve balances 554,927 + 29,881 + 542,895 621,437

U.S. Treasury, general account 23,166 + 15,828 + 18,120 55,625

U.S. Treasury, supplementary financing account 524,771 + 29,918 + 524,771 558,987

Foreign official 254 - 54 + 155 154

Service-related 6,138 0 - 441 6,138

Required clearing balances 6,138 0 - 441 6,138

Adjustments to compensate for float 0 0 0 0

Other 598 - 15,812 + 289 533

Other liabilities and capital9 46,213 - 354 + 4,273 43,766

Total factors, other than reserve balances,

absorbing reserve funds 1,554,044 + 43,036 + 650,212 1,618,280

Reserve balances with Federal Reserve Banks 301,270 + 20,200 + 294,225 220,762

FEDERAL RESERVE statistical release

 October 23, 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; 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. Cash value of agreements.

5. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers.

6. Fair value. Refer to table 2 and the note on consolidation accompanying table 5.

7. Estimated.

8. Cash value of agreements, which are collateralized by U.S. Treasury securities.

9. Includes the liabilities of Maiden Lane LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have

recourse only to the portfolio holdings of Maiden Lane LLC. Refer to table 2 and the note on consolidation accompanying table 5.

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

Change from week ended Wednesday

 Oct 22, 2008 Week ended

 Oct 22, 2008 Oct 15, 2008 Oct 24, 2007
Wednesday

 Oct 22, 2008

Holdings

 U.S. Treasury

securities2

Marketable securities held in custody for foreign

 official and international accounts1 2,478,737 - 7,551 + 448,128 2,484,940

U.S. Treasury 1,555,300 + 4,309 + 321,212 1,567,056

Federal agency 923,437 - 11,861 + 126,916 917,884

Securities lent to dealers 223,130 + 2,732 + 216,681 226,357

Overnight facility2 25,631 - 221 + 19,182 28,858

Term facility3 197,499 + 2,953 + 197,499 197,499

H.4.1

1A. Memorandum Items, October 22, 2008

Millions of dollars

Averages of daily figures

Week ended

 Oct 22, 2008

Change from week ended Wednesday

 Oct 22, 2008

 Oct 15, 2008 Oct 24, 2007

Note: Components may not sum to totals because of rounding.

1. Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value.

2. Fully collateralized by U.S. Treasury securities.

3. Fully collateralized by U.S. Treasury securities, federal agency securities, and other highly rated debt securities.

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, October 22, 2008

Millions of dollars

Term auction

credit Weekly

changes

Other

loans1

Repurchase

agreements3

Reverse

repurchase

agreements3

Note: Components may not sum to totals because of rounding.

 . . . Not applicable.

1. Excludes the loan from the Federal Reserve Bank of New York to Maiden Lane LLC that was eliminated when preparing that Bank's statement

of condition consistent with consolidation under generally accepted accounting principles. The loan to Maiden Lane LLC is designed to be

repaid from the orderly liquidation of Maiden Lane LLC's portfolio holdings and does not have a fixed amortization schedule.

2. 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.

3. Cash value of agreements.

Remaining maturity

 100,000

 163,092

 ...

 ...

 ...

 ...

 263,092

Within 15 days

16 days to 90 days

91 days to 1 year 

Over 1 year to 5 years 

Over 5 years to 10 years

Over 10 years

All

 215,417

 108,433

 11,975

 72,332

 ...

 ...

 408,156

 18,840

 27,207

 61,340

 173,449

 94,327

 101,350

 476,512

 + 6,702

 - 2,166

 - 4,539

 - 13

 - 9

 - 17

 - 43

 40,000

 40,000

 ...

 ...

 ...

 ...

 80,000

 95,987

 0

 ...

 ...

 ...

 ...

 95,987

2. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Net portfolio holdings of Maiden Lane LLC1

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2

Accrued interest payable to the Federal Reserve Bank of New York2

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3

 26,802

 28,820

 205

 1,175

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 September 30, 2008.

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 5.

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 4 and table 5.

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.

Memorandum item

Account name

Holdings

 Federal agency

securities

Weekly

changes

 870

 9,008

 4,227

 0

 0

 0

 14,105

 + 385

 - 385

 0

 0

 0

 0

 0
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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

5. Fair value. Refer to table 2 and the note on consolidation accompanying table 5.

6. Includes assets denominated in foreign currencies and any exchange-translation assets, which are revalued daily at market exchange rates.

7. Cash value of agreements, which are collateralized by U.S. Treasury securities.

8. Includes any exchange-translation liabilities, which are revalued daily at market exchange rates.

9. Includes the liabilities of Maiden Lane LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse

only to the portfolio holdings of Maiden Lane LLC. Refer to the note on consolidation accompanying table 5.

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 2,200 0 0

Coin 1,584 + 38 + 368

Securities, repurchase agreements, term auction

credit, and other loans 1,241,865 - 33,257 + 415,788

Securities held outright 490,617 - 43 - 288,957

U.S. Treasury1 476,512 - 43 - 303,062

Bills2 18,423 0 - 248,596

Notes and bonds, nominal2 410,757 0 - 61,385

Notes and bonds, inflation-indexed2 40,806 0 + 5,053

Inflation compensation3 6,526 - 43 + 1,865

Federal agency2 14,105 0 + 14,105

Repurchase agreements4 80,000 0 + 34,000

Term auction credit 263,092 0 + 263,092

Other loans 408,156 - 33,214 + 407,654

Net portfolio holdings of Maiden Lane LLC5 26,802 - 2,724 + 26,802

Items in process of collection (434) 1,004 - 3,054 - 1,350

Bank premises 2,172 + 2 + 66

Other assets6 517,543 + 70,771 + 477,558

Total assets (434) 1,804,208 + 31,777 + 919,235

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 819,896 + 1,398 + 43,195

Reverse repurchase agreements7 95,987 - 11,832 + 58,559

Deposits (0) 842,202 + 46,490 + 815,959

Depository institutions 226,903 - 44,978 + 205,796

U.S. Treasury, general account 55,625 + 31,642 + 50,888

U.S. Treasury, supplementary financing account 558,987 + 59,858 + 558,987

Foreign official 154 - 36 + 55

Other (0) 533 + 4 + 233

Deferred availability cash items (434) 2,358 - 1,686 - 631

Other liabilities and accrued dividends8,9 3,907 - 594 - 2,027

Total liabilities (434) 1,764,350 + 33,776 + 915,054

Capital accounts

Capital paid in 20,317 + 1 + 2,561

Surplus 17,696 - 829 + 2,258

Other capital accounts 1,845 - 1,171 - 639

Total capital 39,859 - 1,999 + 4,181

H.4.1

4. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Oct 24, 2007

Eliminations from

consolidation Wednesday

 Oct 22, 2008

Wednesday

 Oct 15, 2008

Assets, liabilities, and capital
    15, 9, 8,  8,  1, 5,     9, - 7, 18,

 344 71 47 22,072 16,954 16,467 637 15,830 487 2,765 2,000 354 0 16 129 5,138 + 4,101 31,918

 913 212 180 56,841 43,302 42,057 1,626 40,431 1,245 7,061 4,480 1,998 0 83 207 22,264 + 3,157 83,857

 1,221 166 202 68,466 48,816 47,412 1,833 45,579 1,403 7,960 11,440 251 0 60 225 37,954 + 2,447 110,742

 891 147 212 120,410 44,488 43,209 1,671 41,539 1,279 7,254 43,347 25,320 0 52 216 129,877 - 95,377 156,427

 423 104 130 34,925 18,604 18,069 699 17,371 535 3,034 12,785 502 0 316 150 33,781 - 25,973 43,855

 424 115 52 143,866 20,578 19,987 773 19,214 592 3,356 12,000 107,932 0 44 123 27,773 -101,093 71,304

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

Net portfolio holdings of

Maiden Lane LLC5

Items in process of collectionBank premisesOther assets6Interdistrict settlement account

Total assets

 11,037 2,200 1,584 1,241,865 490,617 476,512 18,423 458,089 14,105 80,000 263,092 408,156 26,802 1,439 2,172 517,543 0 1,804,643

 453 83 126 30,787 21,421 20,805 804 20,001 616 3,493 500 5,373 0 218 64 47,241 - 30,779 48,193

 3,935 874 78 607,951 174,559 169,540 6,555 162,985 5,018 28,464 145,030 259,899 26,802 0 211 152,331 +270,315 1,062,497

H.4.15. Statement of Condition of Each Federal Reserve Bank, October 22, 2008Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap

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. 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. Fair value. Refer to the note on consolidation below.6. Includes assets denominated in foreign currencies and any exchange-translation assets, which are revalued daily at market exchange rates.Note on consolidation:On June 26, 2008, the Federal Reserve Bank of New York extended a loan under the authority of section 13(3) of the Federal Reserve Act to Maiden Lane Lacquire certain assets of Bear Stearns. The Federal Reserve Bank of New York is the primary beneficiary of Maiden Lane LLC. Consistent with generally acassets and liabilities of Maiden Lane LLC have been consolidated with the assets and liabilities of the Federal Reserve Bank of New York in the preparation on this release. As a consequence of the consolidation, the extension of credit from the Federal Reserve Bank of New York to Maiden Lane LLC is eliminateappear as an asset in this table (and table 1 and table 4), and the liabilities of Maiden Lane LLC to entities other than the Federal Reserve Bank of New Yorkthe portfolio holdings of Maiden Lane LLC, are included in other liabilities on the next page (and in table 1 and table 4).

Assets, liabilities, and capital
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 accountU.S. Treasury, supplementary financing accountForeign officialOther

Deferred availability cash itemsOther liabilities and accrued

dividends2,3

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 any exchange-translation liabilities, which are revalued daily at market exchange rates.3. Includes the liabilities of Maiden Lane LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the  Refer to the note on consolidation on the previous page.H.4.15. Statement of Condition of Each Federal Reserve Bank, October 22, 2008 (continued)Millions of dollars

Assets, liabilities, and capital

 38,318 5,531 32,788 4,026 32,369 32,364 0 0 2 3 66 174 69,423 784 1,050 47 71,304

 993,237 173,341 819,896 95,987 842,202 226,903 55,625 558,987 154 533 2,792 3,907 1,764,784 20,317 17,696 1,845 1,804,643

 352,554 42,764 309,790 34,152 708,319 93,191 55,625 558,987 124 392 0 1,216 1,053,477 5,162 3,858 0 1,062,497

 42,067 6,095 35,972 4,191 2,725 2,721 0 0 4 0 485 203 43,575 2,331 1,814 472 48,193

 41,220 8,010 33,211 3,640 3,279 3,275 0 0 3 1 469 196 40,795 1,525 1,291 244 43,855

 82,198 11,875 70,323 8,704 65,638 65,496 0 0 11 131 229 507 145,401 5,832 4,999 194 156,427

 120,630 27,872 92,758 9,551 4,568 4,565 0 0 3 0 238 388 107,502 1,607 1,426 207 110,742

 79,986 13,083 66,904 8,472 5,910 5,908 0 0 2 0 248 306 81,840 684 815 518 83,857

 29,750 3,379 26,371 3,317 1,666 1,661 0 0 0 4 31 158 31,543 181 180 14 31,918

 17,4 2,6 14,7 1,8 8 8     2 1 17,7 3 3  18,4
H.4.1

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

6. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' AccountsMillions of dollars

Federal Reserve notes and collateral Wednesday

 Oct 22, 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 of inflation-indexed securities, andcash value of repurchase agreements.

 993,237 173,341 819,896 819,896 11,037 2,200 563,699 242,960 570,617 6,918 563,699