For Release at 

4:30 P.M. Eastern time 

January 15, 2009 

The Board’s H.4.1 statistical release, “Factors Affecting Reserve Balances of Depository Institutions 

and Condition Statement of Federal Reserve Banks,” has been modified to include information 

related to Federal Reserve System purchases of mortgage-backed securities guaranteed by Fannie 

Mae, Freddie Mac, and Ginnie Mae. 

On November 25, 2008, the Federal Reserve announced a program to purchase mortgage-backed 

securities guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The goal of the program is to 

provide support to mortgage and housing markets and to foster improved conditions in financial 

markets. Purchases of these securities began on January 5, 2009. Outright transactions in mortgagebacked securities have settlement dates that can extend several months into the future. Federal 

Reserve purchases that settled during the week ended January 14, 2009, are reflected on this release. 

Additional information on System transactions in mortgage-backed securities is available at 

www.newyorkfed.org/markets/mbs/. 

The current face value of the System’s holdings of mortgage-backed securities guaranteed by Fannie 

Mae, Freddie Mac, and Ginnie Mae appears in table 1, table 8, and table 9. The current face value 

represents the remaining principal balance of the underlying mortgages. The maturity distribution of 

these holdings based on the stated maturity date appears in table 2. 

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

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 2,069,182 - 108,380 +1,201,662 2,040,609

Securities held outright 497,489 + 2,106 - 230,749 505,306

U.S. Treasury securities1 475,589 - 208 - 252,649 475,515

Bills2 18,423 0 - 196,937 18,423

Notes and bonds, nominal2 410,491 0 - 60,493 410,491

Notes and bonds, inflation-indexed2 41,071 0 + 4,003 41,071

Inflation compensation3 5,604 - 207 + 778 5,529

Federal agency debt securities2 20,358 + 771 + 20,358 24,158

Mortgage-backed securities4 1,542 + 1,542 + 1,542 5,634

Repurchase agreements5 57,143 - 20,000 + 25,822 40,000

Term auction credit 371,387 - 35,418 + 331,387 371,297

Other loans 160,723 - 25,078 + 159,487 155,245

Primary credit 69,101 - 18,834 + 67,871 66,481

Secondary credit 41 + 25 + 41 139

Seasonal credit 0 - 2 - 6 0

Primary dealer and other broker-dealer credit6 33,690 - 2,287 + 33,690 33,406

Asset-backed Commercial Paper Money

Market Mutual Fund Liquidity Facility 18,767 - 4,101 + 18,767 16,093

Credit extended to American International

Group, Inc.7 39,124 + 121 + 39,124 39,126

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 334,582 + 310 + 334,582 334,705

Net portfolio holdings of LLCs funded through the

Money Market Investor Funding Facility9 0 0 0 0

Net portfolio holdings of Maiden Lane LLC10 27,070 + 42 + 27,070 27,122

Net portfolio holdings of Maiden Lane II LLC11 19,795 - 276 + 19,795 19,800

Net portfolio holdings of Maiden Lane III LLC12 26,889 + 91 + 26,889 26,942

Float -1,392 + 72 - 347 -1,586

Other Federal Reserve assets 575,496 - 30,229 + 507,727 561,776

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 38,758 + 14 + 77 38,758

Total factors supplying reserve funds 2,121,181 - 108,366 +1,201,739 2,092,608

FEDERAL RESERVE statistical release

 January 15, 2009

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. Footnotes appear on the following page.

Change from week ended Wednesday

 Jan 14, 2009 Week ended

 Jan 14, 2009 Jan 7, 2009 Jan 16, 2008
Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Currency in circulation13 881,117 - 6,456 + 67,667 880,819

Reverse repurchase agreements14 81,697 - 6,971 + 43,129 78,836

Foreign official and international accounts 81,697 - 6,971 + 43,129 78,836

Dealers 0 0 0 0

Treasury cash holdings 268 + 8 - 4 272

Deposits with F.R. Banks, other than reserve balances 247,086 - 59,114 + 234,862 252,856

U.S. Treasury, general account 36,826 - 29,311 + 31,655 31,173

U.S. Treasury, supplementary financing account 199,686 - 29,717 + 199,686 199,686

Foreign official 225 - 1,347 + 125 211

Service-related 4,387 - 1 - 2,263 4,387

Required clearing balances 4,387 0 - 2,263 4,387

Adjustments to compensate for float 0 - 2 0 0

Other 5,962 + 1,262 + 5,659 17,399

Other liabilities and capital15 63,389 - 5,279 + 20,131 56,700

Total factors, other than reserve balances,

absorbing reserve funds 1,273,558 - 77,813 + 365,785 1,269,482

Reserve balances with Federal Reserve Banks 847,623 - 30,554 + 835,954 823,125

H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions, continued

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. 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. Estimated.

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

15. 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.

Change from week ended Wednesday

 Jan 14, 2009 Week ended

 Jan 14, 2009 Jan 7, 2009 Jan 16, 2008
Marketable securities held in custody for foreign

 official and international accounts1 2,527,983 + 3,474 + 456,308 2,528,818

U.S. Treasury securities 1,715,134 + 4,688 + 476,167 1,718,315

Federal agency securities2 812,849 - 1,213 - 19,859 810,503

Securities lent to dealers 140,769 - 28,870 + 133,696 139,540

Overnight facility3 7,890 - 649 + 817 8,590

Term facility4 132,879 - 28,221 + 132,879 130,950

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Week ended

 Jan 14, 2009

Change from week ended Wednesday

 Jan 14, 2009

 Jan 7, 2009 Jan 16, 2008

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.

Memorandum item

H.4.1

91 days to

1 year

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, January 14, 2009

Millions of dollars

Within 15 days Over 1 year

to 5 years

16 days to

 90 days

All

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, and 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.

Remaining maturity Over 5 years

to 10 years

Over 10

years

Term auction credit

Other loans1

U.S. Treasury securities2

Holdings

Weekly changes

Federal agency debt securities3

Holdings

Weekly changes

Mortgage-backed securities4

Holdings

Weekly changes

Commercial paper held by

Commercial Paper Funding

Facility LLC5

Money market instruments held by

LLCs funded through the

Money Market Investor

Funding Facility6

Repurchase agreements7

Reverse repurchase agreements7

 201,913

 92,865

 20,475

+ 3,854

 493

+ 493

 0

 0

 227,847

 0

 40,000

 78,836

...

 0

 63,330

 0

 976

 0

 0

 0

 0

 0

...

...

...

 39,126

 173,973

+ 709

 14,392

+ 3,031

 0

 0

...

...

...

...

 169,385

 23,254

 19,602

- 3,867

 2,788

- 493

 0

 0

 106,747

 0

 0

 0

...

...

 96,462

- 818

 5,509

+ 1,869

 0

 0

...

...

...

...

...

...

 101,672

- 81

 0

 0

 5,634

+ 5,634

...

...

...

...

 371,297

 155,245

 475,515

- 203

 24,158

+ 4,900

 5,634

+ 5,634

 334,594

 0

 40,000

 78,836
Wednesday

 Jan 14, 2009

3. 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

 27,122

 28,820

 273

 1,190

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. 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.

Account name

H.4.1

Wednesday

 Jan 14, 2009

4. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Net portfolio holdings of Maiden Lane II 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

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3

 19,800

 19,169

 38

 1,004

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 12, 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.

Account name
Wednesday

 Jan 14, 2009

7. Information on Principal Accounts of LLCs Funded through the Money Market Investor

 Funding Facility

Millions of dollars

Money market instrument holdings, net1

Other investments, net

Net portfolio holdings of LLCs funded through the Money Market Investor Funding Facility

Memorandum: Money market instrument holdings, face value

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

Commercial paper issued by LLCs funded through the Money Market Investor Funding Facility, net of related discounts

 0

 0

 0

 0

 0

 0

 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.

Account name

H.4.1

Wednesday

 Jan 14, 2009

6. Information on Principal Accounts of Commercial Paper Funding Facility LLC

Millions of dollars

Commercial paper holdings, net1

Other investments, net

Net portfolio holdings of Commercial Paper Funding Facility LLC

Memorandum: Commercial paper holdings, face value

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

 333,427

 1,277

 334,705

 334,594

 332,577

 771

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. dollardenominated commercial paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the availability of credit

for businesses and households.

Account name

Wednesday

 Jan 14, 2009

5. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Net portfolio holdings of Maiden Lane III 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 American International Group, Inc.3

 26,942

 24,339

 59

 5,029

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 November 25, 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.

Account name
Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 2,200 0 0

Coin 1,744 + 40 + 498

Securities, repurchase agreements, term auction

credit, and other loans 1,071,849 - 45,435 + 259,023

Securities held outright 505,306 + 10,330 - 222,953

U.S. Treasury securities1 475,515 - 203 - 252,744

Bills2 18,423 0 - 196,937

Notes and bonds, nominal2 410,491 0 - 60,493

Notes and bonds, inflation-indexed2 41,071 0 + 3,608

Inflation compensation3 5,529 - 203 + 1,077

Federal agency debt securities2 24,158 + 4,900 + 24,158

Mortgage-backed securities4 5,634 + 5,634 + 5,634

Repurchase agreements5 40,000 - 20,000 + 1,000

Term auction credit 371,297 - 12,734 + 331,297

Other loans 155,245 - 23,032 + 149,678

Net portfolio holdings of Commercial Paper Funding

Facility LLC6 334,705 + 296 + 334,705

Net portfolio holdings of LLCs funded through the

Money Market Investor Funding Facility7 0 0 0

Net portfolio holdings of Maiden Lane LLC8 27,122 + 61 + 27,122

Net portfolio holdings of Maiden Lane II LLC9 19,800 + 6 + 19,800

Net portfolio holdings of Maiden Lane III LLC10 26,942 + 61 + 26,942

Items in process of collection (408) 1,272 - 217 - 790

Bank premises 2,183 + 1 + 51

Other assets11 559,590 - 36,914 + 494,263

Total assets (408) 2,058,444 - 82,099 +1,161,614

H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jan 16, 2008

Eliminations from

consolidation Wednesday

 Jan 14, 2009

Wednesday

 Jan 7, 2009

Assets, liabilities, and capital

Note: Components may not sum to totals because of rounding. Footnotes appear on the following page.
Liabilities

Federal Reserve notes, net of F.R. Bank holdings 844,072 - 3,884 + 68,569

Reverse repurchase agreements12 78,836 - 10,077 + 37,757

Deposits (0) 1,075,978 - 57,712 +1,041,650

Depository institutions 827,509 - 18,631 + 799,261

U.S. Treasury, general account 31,173 - 31,513 + 25,499

U.S. Treasury, supplementary financing account 199,686 - 24,730 + 199,686

Foreign official 211 + 17 + 114

Other (0) 17,399 + 17,145 + 17,090

Deferred availability cash items (408) 2,858 - 351 - 429

Other liabilities and accrued dividends13,14 14,300 - 10,145 + 9,232

Total liabilities (408) 2,016,045 - 82,168 +1,156,778

Capital accounts

Capital paid in 21,082 + 5 + 2,634

Surplus 20,911 + 105 + 2,494

Other capital accounts 406 - 41 - 292

Total capital 42,400 + 70 + 4,837

H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Wednesday

 Jan 16, 2008

Eliminations from

consolidation Wednesday

 Jan 14, 2009

Wednesday

 Jan 7, 2009

Assets, liabilities, and capital

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

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

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

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.
    16, 9, 8,  8,    5,         10, - 8, 18,

 344 71 46 22,488 17,462 16,432 637 15,795 835 195 1,382 3,138 506 0 0 0 0 0 -68 130 5,870 + 6,329 35,210

 913 212 200 53,600 44,598 41,969 1,626 40,343 2,132 497 3,530 3,474 1,997 0 0 0 0 0 162 207 25,475 + 32,612 113,380

 1,221 166 222 68,549 50,277 47,313 1,833 45,480 2,404 561 3,980 13,857 435 0 0 0 0 0 98 225 43,462 + 24,913 138,857

 891 147 243 109,372 45,820 43,119 1,671 41,448 2,191 511 3,627 59,403 521 0 0 0 0 0 136 228 148,648 - 86,475 173,189

 423 104 143 30,345 19,161 18,031 699 17,333 916 214 1,517 9,165 502 0 0 0 0 0 150 147 38,626 + 13,308 83,247

 424 115 56 50,868 21,194 19,945 773 19,172 1,013 236 1,678 11,650 16,346 0 0 0 0 0 47 124 31,679 - 11,802 71,510

AssetsGold certificate accountSpecial drawing rights certificate acct.CoinSecurities, repurchase agreements, term

auction credit, and other loans

Securities held outright

U.S. Treasury securities1

Bills2Notes and bonds3

Federal agency debt securities2Mortgage-backed securities4

Repurchase agreements5Term auction creditOther loans

Net portfolio holdings of Commercial

Paper Funding Facility LLC6

Net portfolio holdings of LLCs funded

through the Money Market InvestorFunding Facility7

Net portfolio holdings of Maiden

Lane LLC8

Net portfolio holdings of Maiden

Lane II LLC9

Net portfolio holdings of Maiden

Lane III LLC10

Items in process of collectionBank premisesOther assets11Interdistrict settlement account

Total assets

 11,037 2,200 1,744 1,071,849 505,306 475,515 18,423 457,092 24,158 5,634 40,000 371,297 155,245 334,705 0 27,122 19,800 26,942 1,680 2,183 559,590 0 2,058,852

 453 83 140 57,779 22,062 20,762 804 19,957 1,055 246 1,746 33,700 270 0 0 0 0 0 460 64 54,136 - 57,606 55,509

 3,935 874 76 518,377 179,785 169,185 6,555 162,631 8,595 2,004 14,232 195,238 129,122 334,705 0 27,122 19,800 26,942 192 210 141,713 + 19,751 1,093,697

H.4.19. Statement of Condition of Each Federal Reserve Bank, January 14, 2009Millions 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 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 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 on the following page.7. Refer to table 7 and the note on consolidation on the following page.8. Refer to table 3 and the note on consolidation on the following page.9. Refer to table 4 and the note on consolidation on the following page.10. Refer to table 5 and the note on consolidation on the following page.11. Includes assets denominated in foreign currencies and any exchange-translation assets, which are revalued daily at market exchange rates.

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 agreements12

Deposits

Depository institutionsU.S. Treasury, general accountU.S. Treasury, supplementary financing accountForeign officialOther

Deferred availability cash itemsOther liabilities and accrued

dividends13,14

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

Note: Components may not sum to totals because of rounding.12. Cash value of agreements, which are collateralized by U.S. Treasury securities.13. Includes any exchange-translation liabilities, which are revalued daily at market exchange rates.14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, M

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. Refenote 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 Federawas 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 Commwas formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On October 21, 2008, the Federal Reserve Board authseries of LLCs funded through the Money Market Investor Funding Facility. These LLCs, which became operational on November 24, 2008, were established denominated certificates of deposit, bank notes, and commercial paper from eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane IImulti-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap cowas extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment pInternational 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 aassets 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 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 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 tabH.4.19. Statement of Condition of Each Federal Reserve Bank, January 14, 2009 (continued)Millions of dollars

Assets, liabilities, and capital

 38,367 6,030 32,337 3,307 33,955 33,949 0 0 2 4 62 145 69,806 845 844 15 71,510

 1,023,875 179,803 844,072 78,836 1,075,978 827,509 31,173 199,686 211 17,399 3,266 14,300 2,016,452 21,082 20,911 406 2,058,852

 358,090 45,858 312,232 28,049 729,936 481,563 31,173 199,686 181 17,332 0 11,899 1,082,116 5,610 5,616 355 1,093,697

 41,316 5,645 35,671 3,442 11,017 11,011 0 0 4 2 600 161 50,891 2,315 2,303 0 55,509

 46,487 8,056 38,431 2,989 38,080 38,076 0 0 3 1 498 175 80,174 1,552 1,521 0 83,247

 81,070 12,980 68,090 7,149 85,507 85,444 0 0 11 52 196 414 161,355 5,981 5,853 0 173,189

 128,667 25,545 103,121 7,844 24,050 24,047 0 0 3 0 230 378 135,623 1,612 1,611 10 138,857

 84,115 14,240 69,875 6,958 34,441 34,439 0 0 2 0 396 291 111,961 706 703 10 113,380

 29,383 4,049 25,334 2,724 6,516 6,510 0 0 0 5 63 150 34,787 210 210 3 35,210

 17,6 3,1 14,4 1,4 1,9 1,9     2 1 18,2 3 3  18,8
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, agency debt, and mortgage-backed securities pledged1

Other assets pledged

Memo:Total U.S. Treasury, agency debt, and mortgage-backed securities1

Less: Face value of securities under reverse repurchase agreements

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged

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

Federal Reserve notes and collateral Wednesday

 Jan 14, 2009

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.

 1,023,875 179,803 844,072 844,072 11,037 2,200 475,531 355,305 545,306 69,775 475,531