For Release at 

4:30 P.M. Eastern time 

 November 28, 2008 

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 in a number of ways. This 

week’s release reports credit extended to American International Group, Inc. (AIG) as a separate 

line in table 1. Previously, this amount was included in other credit extensions. This release also 

presents information on a new lending facility and new limited liability companies. 

On November 10, 2008, the Federal Reserve announced a modification of the terms of credit 

extended to AIG. Related to this modification was the creation of two limited liability companies, 

Maiden Lane II LLC and Maiden Lane III LLC. On November 25, 2008, the Federal Reserve Bank 

of New York (FRBNY) began extending credit under the authority of section 13(3) of the Federal 

Reserve Act to Maiden Lane III LLC, a limited liability company formed to purchase multi-sector 

collateralized debt obligations on which the Financial Products Group of AIG has written credit 

default swap contracts. On November 24, 2008, the Money Market Investor Funding Facility 

(MMIFF) was created to provide funding to a series of limited liability companies to purchase shortterm U.S. dollar-denominated certificates of deposit, bank notes, and outstanding asset-backed 

commercial paper.

Consistent with generally accepted accounting principles, the assets and liabilities of all of these 

limited liability companies will be consolidated with the assets and liabilities of the FRBNY in the 

preparation of the statements of condition shown on the release, because the FRBNY is the primary 

beneficiary of the limited liability companies. As a result of this consolidation, the loans extended 

from the FRBNY to the limited liability companies and the accrued interest on these loans are 

eliminated. The net portfolio holdings of these limited liability companies are reported in table 1, in 

table 7, and in table 8. 

Information on Maiden Lane III LLC is presented separately in a new table 4, “Information on 

Principal Accounts of Maiden Lane III LLC.” This table presents the fair value of the net portfolio 

holdings of the Maiden Lane III LLC along with the book value of the outstanding principal of the 

loan extended by the FRBNY, the book value of accrued interest payable to the FRBNY, and the 

book value of the outstanding principal and accrued interest on the loan payable to AIG. A similar 

table for Maiden Lane II will be provided when credit is extended to that limited liability company. 

Information on the limited liability companies funded through the MMIFF is presented separately in 

a new table 6, "Information on Principal Accounts of LLCs Funded through the Money Market 

Investor Funding Facility." This table presents the book value of the net portfolio holdings of the 

limited liability companies, as well as the face value of the money market instruments. In addition, 

the table presents the outstanding principal of the loans extended by the FRBNY and accrued 

interest payable to the FRBNY. 

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

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 2,093,892 - 85,002 +1,224,361 2,091,608

Securities held outright 488,676 - 408 - 291,007 488,628

U.S. Treasury1 476,415 - 16 - 303,268 476,407

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

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

Notes and bonds, inflation-indexed2 41,071 0 + 4,160 41,071

Inflation compensation3 6,429 - 16 + 1,659 6,422

Federal agency2 12,261 - 393 + 12,261 12,221

Repurchase agreements4 80,000 0 + 30,750 80,000

Term auction credit 406,508 - 8,794 + 406,508 406,508

Other loans 283,180 - 13,638 + 283,125 259,048

Primary credit 93,628 + 2,076 + 93,621 91,725

Secondary credit 225 + 113 + 225 186

Seasonal credit 5 - 4 - 43 6

Primary dealer and other broker-dealer credit5 52,418 + 2,248 + 52,418 57,886

Asset-backed commercial paper money

market mutual fund liquidity facility 57,318 - 12,480 + 57,318 53,309

Credit extended to American International

Group, Inc.6 79,585 - 5,592 + 79,585 55,936

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC7 282,197 + 16,506 + 282,197 294,094

Net portfolio holdings of LLCs funded through the

money market investor funding facility7 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 26,928 - 17 + 26,928 26,979

Net portfolio holdings of Maiden Lane III LLC7 6,010 + 6,010 + 6,010 21,148

Float -471 + 903 + 103 -1,514

Other Federal Reserve assets 520,864 - 85,564 + 479,746 516,717

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding8 38,787 + 14 + 36 38,787

Total factors supplying reserve funds 2,145,920 - 84,988 +1,224,397 2,143,636

FEDERAL RESERVE statistical release

 November 28, 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. Footnotes appear on the following page.

Change from week ended Wednesday

 Nov 26, 2008 Week ended

 Nov 26, 2008 Nov 19, 2008 Nov 28, 2007
Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Currency in circulation8 867,019 + 2,337 + 45,027 871,991

Reverse repurchase agreements9 97,325 - 3,098 + 62,179 99,761

Foreign official and international accounts 72,325 - 3,812 + 37,179 74,761

Dealers 25,000 + 714 + 25,000 25,000

Treasury cash holdings 242 - 8 - 25 241

Deposits with F.R. Banks, other than reserve balances 554,303 - 31,337 + 542,234 511,018

U.S. Treasury, general account 64,531 + 4,066 + 59,355 17,355

U.S. Treasury, supplementary financing account 479,054 - 29,902 + 479,054 479,054

Foreign official 190 - 204 + 93 187

Service-related 4,953 - 1,371 - 1,532 4,953

Required clearing balances 4,953 - 1,352 - 1,532 4,953

Adjustments to compensate for float 0 - 18 0 0

Other 5,575 - 3,926 + 5,264 9,470

Other liabilities and capital10 49,366 + 3,323 + 6,118 54,368

Total factors, other than reserve balances,

absorbing reserve funds 1,568,254 - 28,783 + 655,532 1,537,380

Reserve balances with Federal Reserve Banks 577,666 - 56,204 + 568,865 606,256

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. Cash value of agreements.

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

6. Excludes credit extended to consolidated LLCs.

7. Refer to table 3 through table 6 and the note on consolidation accompanying table 8.

8. Estimated.

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

10. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility,

Maiden Lane 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 6 and the note on consolidation accompanying table 8.

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

Change from week ended Wednesday

 Nov 26, 2008 Week ended

 Nov 26, 2008 Nov 19, 2008 Nov 28, 2007
Marketable securities held in custody for foreign

 official and international accounts1 2,498,083 - 3,045 + 466,608 2,492,057

U.S. Treasury 1,617,765 + 7,856 + 392,472 1,620,296

Federal agency 880,318 - 10,900 + 74,137 871,761

Securities lent to dealers 196,319 - 9,177 + 188,313 201,420

Overnight facility2 8,871 - 5,369 + 865 8,227

Term facility3 187,447 - 3,809 + 187,447 193,193

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Week ended

 Nov 26, 2008

Change from week ended Wednesday

 Nov 26, 2008

 Nov 19, 2008 Nov 28, 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.

Memorandum item

H.4.1

91 days to

1 year

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, November 26, 2008

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, 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. 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. Face value of commercial paper held by Commercial Paper Funding Facility LLC.

4. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.

5. 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 securities

Holdings

Weekly changes

Commercial paper held by

Commercial Paper Funding

Facility LLC3

Money market instruments held by

LLCs funded through the

money market investor

funding facility4

Repurchase agreements5

Reverse repurchase agreements5

 25,000

 175,834

 16,823

- 3,520

 1,409

+ 480

 0

 0

 40,000

 99,761

...

 4,567

 66,692

 0

 2,594

- 640

 0

 0

...

...

...

 35,436

 170,923

- 5

 0

 0

...

...

...

...

 381,508

 43,211

 22,989

+ 3,518

 8,218

- 120

 295,108

 0

 40,000

 0

...

...

 96,952

- 4

 0

 0

...

...

...

...

...

...

 102,028

- 7

 0

 0

...

...

...

...

 406,508

 259,048

 476,407

- 18

 12,221

- 280

 295,108

 0

 80,000

 99,761
Wednesday

 Nov 26, 2008

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

 26,979

 28,820

 243

 1,182

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 8.

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 7 and table 8.

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

 Nov 26, 2008

5. 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

 292,834

 1,260

 294,094

 295,108

 293,349

 253

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 8.

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

 Nov 26, 2008

4. 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

 21,148

 15,134

 3

 5,002

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 October 31, 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 8.

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 7 and table 8.

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 the 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
Wednesday

 Nov 26, 2008

6. 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 8.

Note: On November 24, 2008, 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.

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
Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 2,200 0 0

Coin 1,642 - 6 + 477

Securities, repurchase agreements, term auction

credit, and other loans 1,234,185 - 38,744 + 408,438

Securities held outright 488,628 - 298 - 291,065

U.S. Treasury1 476,407 - 18 - 303,286

Bills2 18,423 0 - 248,596

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

Notes and bonds, inflation-indexed2 41,071 0 + 4,160

Inflation compensation3 6,422 - 18 + 1,643

Federal agency2 12,221 - 280 + 12,221

Repurchase agreements4 80,000 0 + 34,000

Term auction credit 406,508 - 8,794 + 406,508

Other loans 259,048 - 29,654 + 258,994

Net portfolio holdings of Commercial Paper Funding

Facility LLC5 294,094 + 23,215 + 294,094

Net portfolio holdings of LLCs funded through the

money market investor funding facility5 0 0 0

Net portfolio holdings of Maiden Lane LLC5 26,979 + 60 + 26,979

Net portfolio holdings of Maiden Lane III LLC5 21,148 + 21,148 + 21,148

Items in process of collection (498) 1,096 - 19 - 467

Bank premises 2,180 + 2 + 66

Other assets6 514,523 - 85,257 + 475,499

Total assets (498) 2,109,083 - 79,603 +1,226,235

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 835,083 + 6,466 + 51,408

Reverse repurchase agreements7 99,761 - 3,148 + 65,489

Deposits (0) 1,117,260 - 91,971 +1,097,684

Depository institutions 611,195 - 19,297 + 596,718

U.S. Treasury, general account 17,355 - 51,102 + 12,644

U.S. Treasury, supplementary financing account 479,054 - 29,902 + 479,054

Foreign official 187 + 4 + 90

Other (0) 9,470 + 8,327 + 9,179

Deferred availability cash items (498) 2,611 - 131 - 267

Other liabilities and accrued dividends8,9 11,482 + 7,288 + 5,578

Total liabilities (498) 2,066,197 - 81,497 +1,219,892

Capital accounts

Capital paid in 20,871 + 498 + 2,593

Surplus 17,170 + 4 + 1,713

Other capital accounts 4,844 + 1,391 + 2,035

Total capital 42,886 + 1,894 + 6,343

H.4.1

7. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Nov 28, 2007

Eliminations from

consolidation Wednesday

 Nov 26, 2008

Wednesday

 Nov 19, 2008

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

5. Refer to table 3 through table 6 and the note on consolidation accompanying table 8.

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

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 Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility,

Maiden Lane 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 6 and the notes on consolidation accompanying table 8.
    16, 9, 8,  8,  1, 5,        9, - 7, 18,

 344 71 45 23,797 16,885 16,463 637 15,826 422 2,765 3,633 514 0 0 0 0 19 131 5,314 + 2,439 32,159

 913 212 192 56,217 43,126 42,047 1,626 40,421 1,079 7,061 4,640 1,390 0 0 0 0 82 207 23,276 + 22,111 103,211

 1,221 166 208 75,348 48,618 47,402 1,833 45,569 1,216 7,960 18,285 485 0 0 0 0 561 225 39,812 + 9,977 127,517

 891 147 227 151,331 44,308 43,200 1,671 41,529 1,108 7,254 99,297 472 0 0 0 0 55 222 136,887 - 104,455 185,305

 423 104 132 34,962 18,529 18,065 699 17,367 463 3,034 13,393 7 0 0 0 0 199 150 35,543 + 41 71,554

 424 115 57 95,269 20,495 19,982 773 19,210 513 3,356 18,050 53,368 0 0 0 0 38 122 29,197 - 49,337 75,884

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 Commercial

Paper Funding Facility LLC5

Net portfolio holdings of LLCs funded

through the money market investorfunding facility5

Net portfolio holdings of Maiden

Lane LLC5

Net portfolio holdings of Maiden

Lane III LLC5

Items in process of collectionBank premisesOther assets6Interdistrict settlement account

Total assets

 11,037 2,200 1,642 1,234,185 488,628 476,407 18,423 457,985 12,221 80,000 406,508 259,048 294,094 0 26,979 21,148 1,594 2,180 514,523 0 2,109,580

 453 83 126 53,904 21,334 20,801 804 19,996 534 3,493 28,800 277 0 0 0 0 223 64 49,882 - 50,492 54,244

 3,935 874 76 560,641 173,851 169,503 6,555 162,948 4,348 28,464 164,794 193,532 294,094 0 26,979 21,148 0 213 130,541 + 157,079 1,195,578

H.4.18. Statement of Condition of Each Federal Reserve Bank, November 26, 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. Refer to table 3 through table 6 and the note on consolidation on the following page.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 Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, an

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 tathe following page.

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 agreements7

Deposits

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

Deferred availability cash itemsOther liabilities and accrued

dividends8,9

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

Note: Components may not sum to totals because of rounding. Footnotes appear on the previous page.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 November 24, 2008, the Federal Reserve Board authorizeof LLCs funded through the Money Market Investor Funding Facility, which were established to purchase short-term U.S. dollar-denominated certificates of deposit, 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 American International Group, Inc. has written credit default swap contracts.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 table 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 tabH.4.18. Statement of Condition of Each Federal Reserve Bank, November 26, 2008 (continued)Millions of dollars

Assets, liabilities, and capital

 38,039 5,904 32,135 4,184 37,404 37,376 0 0 2 26 83 174 73,979 784 1,050 71 75,884

 1,010,762 175,679 835,083 99,761 1,117,260 611,195 17,355 479,054 187 9,470 3,108 11,482 2,066,694 20,871 17,170 4,844 2,109,580

 352,748 47,342 305,407 35,494 834,542 328,640 17,355 479,054 157 9,337 0 8,673 1,184,116 5,602 3,332 2,527 1,195,578

 41,910 5,601 36,309 4,356 8,079 8,072 0 0 4 4 554 216 49,514 2,327 1,815 589 54,244

 47,086 7,602 39,484 3,783 24,461 24,457 0 0 3 1 484 213 68,424 1,552 1,291 287 71,554

 81,692 11,312 70,380 9,046 93,457 93,354 0 0 11 92 254 582 173,719 5,836 4,999 750 185,305

 120,854 25,912 94,942 9,926 18,721 18,717 0 0 3 1 230 394 124,213 1,610 1,426 267 127,517

 83,855 13,328 70,527 8,805 21,702 21,700 0 0 2 0 289 308 101,631 703 816 61 103,211

 29,542 3,506 26,036 3,447 2,059 2,051 0 0 0 8 29 152 31,724 209 180 47 32,159

 17,4 2,8 14,6 1,8 1,3 1,3     2 1 18,1 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 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

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

Federal Reserve notes and collateral Wednesday

 Nov 26, 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.

 1,010,762 175,679 835,083 835,083 11,037 2,200 477,052 344,794 568,628 91,576 477,052