Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 2,049,246 - 19,936 +1,187,606 2,022,600

Securities held outright 505,323 + 7,834 - 217,975 505,470

U.S. Treasury securities1 475,381 - 208 - 247,917 475,322

Bills2 18,423 0 - 191,937 18,423

Notes and bonds, nominal2 412,914 + 2,423 - 58,070 412,914

Notes and bonds, inflation-indexed2 39,378 - 1,693 + 1,915 39,378

Inflation compensation3 4,667 - 937 + 176 4,608

Federal agency debt securities2 24,158 + 3,800 + 24,158 24,158

Mortgage-backed securities4 5,784 + 4,242 + 5,784 5,991

Repurchase agreements5 37,143 - 20,000 + 15,643 20,000

Term auction credit 416,031 + 44,644 + 366,031 416,031

Other loans 148,298 - 12,425 + 147,546 149,324

Primary credit 61,618 - 7,483 + 60,874 62,898

Secondary credit 74 + 33 + 74 28

Seasonal credit 1 + 1 - 7 1

Primary dealer and other broker-dealer credit6 32,679 - 1,011 + 32,679 33,290

Asset-backed Commercial Paper Money

Market Mutual Fund Liquidity Facility 15,482 - 3,285 + 15,482 14,775

Credit extended to American International

Group, Inc.7 38,445 - 679 + 38,445 38,333

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC8 349,940 + 15,358 + 349,940 350,524

Net portfolio holdings of LLCs funded through the

Money Market Investor Funding Facility9 0 0 0 0

Net portfolio holdings of Maiden Lane LLC10 27,131 + 61 + 27,131 27,181

Net portfolio holdings of Maiden Lane II LLC11 19,802 + 7 + 19,802 19,813

Net portfolio holdings of Maiden Lane III LLC12 26,946 + 57 + 26,946 26,967

Float -1,550 - 158 - 269 -2,711

Other Federal Reserve assets 520,184 - 55,313 + 452,814 510,002

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 38,772 + 14 + 92 38,772

Total factors supplying reserve funds 2,101,259 - 19,922 +1,187,698 2,074,613

FEDERAL RESERVE statistical release

 January 22, 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 21, 2009 Week ended

 Jan 21, 2009 Jan 14, 2009 Jan 23, 2008
Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Currency in circulation13 882,313 + 1,196 + 70,265 884,900

Reverse repurchase agreements14 76,254 - 5,443 + 36,549 75,025

Foreign official and international accounts 76,254 - 5,443 + 36,549 75,025

Dealers 0 0 0 0

Treasury cash holdings 274 + 6 - 14 286

Deposits with F.R. Banks, other than reserve balances 241,334 - 5,752 + 228,894 256,897

U.S. Treasury, general account 35,510 - 1,316 + 30,175 46,705

U.S. Treasury, supplementary financing account 199,747 + 61 + 199,747 199,747

Foreign official 191 - 34 + 89 187

Service-related 4,401 + 14 - 2,278 4,401

Required clearing balances 4,401 + 14 - 2,278 4,401

Adjustments to compensate for float 0 0 0 0

Other 1,485 - 4,477 + 1,160 5,857

Other liabilities and capital15 57,869 - 5,520 + 15,318 53,580

Total factors, other than reserve balances,

absorbing reserve funds 1,258,042 - 15,516 + 351,009 1,270,688

Reserve balances with Federal Reserve Banks 843,217 - 4,407 + 836,688 803,925

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 21, 2009 Week ended

 Jan 21, 2009 Jan 14, 2009 Jan 23, 2008
Marketable securities held in custody for foreign

 official and international accounts1 2,541,299 + 13,316 + 445,532 2,541,396

U.S. Treasury securities 1,735,051 + 19,917 + 483,949 1,734,876

Federal agency securities2 806,248 - 6,601 - 38,417 806,520

Securities lent to dealers 140,802 + 33 + 130,369 141,072

Overnight facility3 7,702 - 188 - 2,731 7,972

Term facility4 133,100 + 221 + 133,100 133,100

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Week ended

 Jan 21, 2009

Change from week ended Wednesday

 Jan 21, 2009

 Jan 14, 2009 Jan 23, 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 21, 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

 138,899

 92,566

 15,456

- 5,019

 643

+ 150

 0

 0

 248,227

 0

 20,000

 75,025

...

 0

 66,655

+ 3,325

 1,044

+ 68

 0

 0

 0

 0

...

...

...

 38,333

 173,147

- 826

 14,324

- 68

 0

 0

...

...

...

...

 277,132

 18,425

 21,090

+ 1,488

 2,638

- 150

 0

 0

 102,025

 0

 0

 0

...

...

 97,383

+ 921

 5,509

 0

 0

 0

...

...

...

...

...

...

 101,591

- 81

 0

 0

 5,991

+ 357

...

...

...

...

 416,031

 149,324

 475,322

- 193

 24,158

 0

 5,991

+ 357

 350,252

 0

 20,000

 75,025
Wednesday

 Jan 21, 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

 27,181

 28,820

 276

 1,191

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 21, 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

 19,813

 19,169

 44

 1,005

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 21, 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 21, 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

 349,239

 1,285

 350,524

 350,252

 348,176

 847

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 21, 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

 26,967

 24,339

 66

 5,032

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 1,789 + 45 + 495

Securities, repurchase agreements, term auction

credit, and other loans 1,090,825 + 18,976 + 295,490

Securities held outright 505,470 + 164 - 217,845

U.S. Treasury securities1 475,322 - 193 - 247,993

Bills2 18,423 0 - 191,937

Notes and bonds, nominal2 412,914 + 2,423 - 58,070

Notes and bonds, inflation-indexed2 39,378 - 1,693 + 1,915

Inflation compensation3 4,608 - 921 + 100

Federal agency debt securities2 24,158 0 + 24,158

Mortgage-backed securities4 5,991 + 357 + 5,991

Repurchase agreements5 20,000 - 20,000 - 2,000

Term auction credit 416,031 + 44,734 + 366,031

Other loans 149,324 - 5,921 + 149,304

Net portfolio holdings of Commercial Paper Funding

Facility LLC6 350,524 + 15,819 + 350,524

Net portfolio holdings of LLCs funded through the

Money Market Investor Funding Facility7 0 0 0

Net portfolio holdings of Maiden Lane LLC8 27,181 + 59 + 27,181

Net portfolio holdings of Maiden Lane II LLC9 19,813 + 13 + 19,813

Net portfolio holdings of Maiden Lane III LLC10 26,967 + 25 + 26,967

Items in process of collection (643) 1,563 + 291 - 1,125

Bank premises 2,184 + 1 + 47

Other assets11 507,791 - 51,799 + 442,570

Total assets (643) 2,041,874 - 16,570 +1,161,962

H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jan 23, 2008

Eliminations from

consolidation Wednesday

 Jan 21, 2009

Wednesday

 Jan 14, 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 848,198 + 4,126 + 73,486

Reverse repurchase agreements12 75,025 - 3,811 + 37,530

Deposits (0) 1,060,796 - 15,182 +1,039,541

Depository institutions 808,299 - 19,210 + 792,315

U.S. Treasury, general account 46,705 + 15,532 + 41,834

U.S. Treasury, supplementary financing account 199,747 + 61 + 199,747

Foreign official 187 - 24 + 90

Other (0) 5,857 - 11,542 + 5,553

Deferred availability cash items (643) 4,274 + 1,416 + 41

Other liabilities and accrued dividends13,14 11,820 - 2,480 + 7,349

Total liabilities (643) 2,000,114 - 15,931 +1,157,947

Capital accounts

Capital paid in 21,514 + 432 + 3,049

Surplus 19,413 - 1,498 + 969

Other capital accounts 834 + 428 - 2

Total capital 41,760 - 640 + 4,015

H.4.1

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

Millions of dollars

Change since

Wednesday

 Jan 23, 2008

Eliminations from

consolidation Wednesday

 Jan 21, 2009

Wednesday

 Jan 14, 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.
    15, 9, 8,  8,    5,         9, - 7, 18,

 344 71 47 21,690 17,467 16,425 637 15,789 835 207 691 3,038 493 0 0 0 0 0 44 130 5,362 + 7,078 34,766

 913 212 205 53,858 44,613 41,952 1,626 40,326 2,132 529 1,765 5,219 2,262 0 0 0 0 0 262 207 23,167 + 27,740 106,563

 1,221 166 227 66,934 50,293 47,294 1,833 45,461 2,404 596 1,990 14,296 355 0 0 0 0 0 261 225 39,443 + 27,347 135,823

 891 147 245 126,491 45,835 43,101 1,671 41,431 2,191 543 1,814 78,208 634 0 0 0 0 0 56 228 134,611 - 64,867 197,802

 423 104 147 30,492 19,167 18,024 699 17,325 916 227 758 10,552 14 0 0 0 0 0 232 147 35,001 + 18,603 85,149

 424 115 59 49,757 21,201 19,937 773 19,164 1,013 251 839 12,650 15,067 0 0 0 0 0 120 124 28,719 - 16,883 62,435

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 1,789 1,090,825 505,470 475,322 18,423 456,899 24,158 5,991 20,000 416,031 149,324 350,524 0 27,181 19,813 26,967 2,206 2,184 507,791 0 2,042,517

 453 83 145 64,906 22,070 20,753 804 19,949 1,055 262 873 41,750 214 0 0 0 0 0 336 65 49,051 - 60,391 54,648

 3,935 874 79 520,044 179,843 169,117 6,555 162,562 8,595 2,131 7,116 207,683 125,402 350,524 0 27,181 19,813 26,967 0 210 128,810 + 9,390 1,087,828

H.4.19. Statement of Condition of Each Federal Reserve Bank, January 21, 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 21, 2009 (continued)Millions of dollars

Assets, liabilities, and capital

 38,062 5,950 32,112 3,147 25,172 25,159 0 0 2 10 153 151 60,734 845 844 11 62,435

 1,024,646 176,447 848,198 75,025 1,060,796 808,299 46,705 199,747 187 5,857 4,918 11,820 2,000,757 21,514 19,413 834 2,042,517

 358,244 43,317 314,927 26,694 725,870 473,562 46,705 199,747 157 5,699 0 9,452 1,076,943 6,030 4,091 764 1,087,828

 41,162 5,696 35,466 3,276 10,343 10,335 0 0 4 4 777 168 50,029 2,315 2,304 0 54,648

 46,328 8,294 38,033 2,845 40,355 40,350 0 0 3 2 666 169 82,067 1,552 1,529 0 85,149

 80,648 12,801 67,846 6,803 110,568 110,424 0 0 11 134 328 406 185,951 5,981 5,870 0 197,802

 129,859 25,055 104,803 7,465 19,608 19,605 0 0 3 0 364 340 132,580 1,612 1,612 19 135,823

 83,737 14,454 69,283 6,622 28,351 28,347 0 0 2 1 593 293 105,142 705 703 13 106,563

 29,252 3,923 25,329 2,593 6,114 6,108 0 0 0 5 160 149 34,344 210 210 2 34,766

 17,5 3,1 14,3 1,4 1,7 1,7     3 1 18,0 3 3  18,6
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 21, 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.

 1,024,646 176,447 848,198 848,198 11,037 2,200 458,187 376,775 525,470 67,284 458,187