Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 883,000 - 6,150 + 15,319 895,117

Securities held outright 479,396 + 105 - 311,259 479,434

U.S. Treasury1 479,396 + 105 - 311,259 479,434

Bills2 21,740 0 - 255,279 21,740

Notes and bonds, nominal2 411,731 0 - 61,471 411,731

Notes and bonds, inflation-indexed2 39,832 0 + 4,079 39,832

Inflation compensation3 6,093 + 105 + 1,412 6,131

Federal agency2 0 0 0 0

Repurchase agreements4 105,786 - 4,714 + 69,500 118,250

Term auction credit 150,000 0 + 150,000 150,000

Other loans 17,807 + 344 + 17,536 17,651

Primary credit 17,699 + 329 + 17,688 17,552

Secondary credit 7 + 7 + 7 0

Seasonal credit 100 + 7 - 160 99

Primary dealer credit facility 0 0 0 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC5 29,145 + 40 + 29,145 29,179

Float -1,120 + 60 - 75 -991

Other Federal Reserve assets 101,987 - 1,984 + 60,473 101,594

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding6 38,761 + 14 + 199 38,761

Total factors supplying reserve funds 935,002 - 6,136 + 15,517 947,119

Currency in circulation6 831,170 - 397 + 18,810 832,192

Reverse repurchase agreements7 42,458 - 1,332 + 11,101 44,172

Foreign official and international accounts 42,458 - 1,332 + 11,101 44,172

Dealers 0 0 0 0

Treasury cash holdings 298 - 17 + 39 296

Deposits with F.R. Banks, other than reserve balances 12,510 + 147 + 846 12,142

U.S. Treasury, general account 4,859 - 21 + 124 4,715

Foreign official 319 + 204 + 224 101

Service-related 7,007 - 12 + 445 7,007

Required clearing balances 7,007 - 12 + 445 7,007

Adjustments to compensate for float 0 0 0 0

Other 325 - 23 + 52 319

Other liabilities and capital8 40,577 - 2,236 + 540 39,982

Total factors, other than reserve balances,

absorbing reserve funds 927,013 - 3,835 + 31,336 928,783

Reserve balances with Federal Reserve Banks 7,990 - 2,300 - 15,818 18,335

FEDERAL RESERVE statistical release

 August 14, 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. Fair value. Refer to table 2 and the note on consolidation accompanying table 5.

6. Estimated.

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

8. 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

 Aug 13, 2008 Week ended

 Aug 13, 2008 Aug 6, 2008 Aug 15, 2007
Wednesday

 Aug 13, 2008

Holdings

 U.S. Treasury

securities2

Marketable securities held in custody for foreign

 official and international accounts1 2,394,883 - 801 + 390,062 2,394,588

U.S. Treasury 1,415,828 - 3,015 + 171,866 1,419,375

Federal agency 979,054 + 2,212 + 218,195 975,212

Securities lent to dealers 131,154 - 1,705 + 126,453 131,057

Overnight facility2 2,837 - 5,160 - 1,864 2,211

Term facility3 128,318 + 3,456 + 128,318 128,846

H.4.1

1A. Memorandum Items, August 13, 2008

Millions of dollars

Averages of daily figures

Week ended

 Aug 13, 2008

Change from week ended Wednesday

 Aug 13, 2008

 Aug 6, 2008 Aug 15, 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 highly rated non-agency asset-backed and mortgage-backed

securities.

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

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, August 13, 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

 150,000

 0

 ...

 ...

 ...

 ...

 150,000

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

 3,354

 14,297

 0

 ...

 ...

 ...

 17,651

 21,201

 25,759

 69,504

 175,596

 89,907

 97,467

 479,434

 + 2,161

 - 2,162

 + 7

 + 33

 + 21

 + 43

 + 104

 78,250

 40,000

 ...

 ...

 ...

 ...

 118,250

 44,172

 0

 ...

 ...

 ...

 ...

 44,172

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

 29,179

 28,820

 87

 1,160

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 June 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
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, which are revalued daily at market exchange rates.

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

8. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.

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 1,378 - 1 + 340

Securities, repurchase agreements, term auction

credit, and other loans 765,335 + 13,751 - 48,531

Securities held outright 479,434 + 104 - 310,167

U.S. Treasury1 479,434 + 104 - 310,167

Bills2 21,740 0 - 255,279

Notes and bonds, nominal2 411,731 0 - 60,411

Notes and bonds, inflation-indexed2 39,832 0 + 4,079

Inflation compensation3 6,131 + 104 + 1,443

Federal agency2 0 0 0

Repurchase agreements4 118,250 + 13,500 + 94,250

Term auction credit 150,000 0 + 150,000

Other loans 17,651 + 147 + 17,387

Net portfolio holdings of Maiden Lane LLC5 29,179 + 40 + 29,179

Items in process of collection (532) 1,600 - 914 - 908

Bank premises 2,162 + 2 + 95

Other assets6 99,435 - 1,860 + 63,245

Total assets (532) 912,326 + 11,019 + 43,422

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 795,101 - 747 + 19,312

Reverse repurchase agreements7 44,172 + 974 + 12,231

Deposits (0) 30,480 + 14,415 + 12,424

Depository institutions 25,345 + 14,483 + 12,780

U.S. Treasury, general account 4,715 - 83 - 394

Foreign official 101 0 + 5

Other (0) 319 + 16 + 33

Deferred availability cash items (532) 2,592 - 1,577 - 846

Other liabilities and accrued dividends8,9 -136 - 1,848 - 6,103

Total liabilities (532) 872,209 + 11,217 + 37,019

Capital accounts

Capital paid in 19,935 - 2 + 3,156

Surplus 18,505 + 3 + 3,093

Other capital accounts 1,678 - 197 + 155

Total capital 40,117 - 198 + 6,403

H.4.1

4. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Aug 15, 2007

Eliminations from

consolidation Wednesday

 Aug 13, 2008

Wednesday

 Aug 6, 2008

Assets, liabilities, and capital
    12, 9, 9,  8,  2,      1, + 2, 17,

 344 71 51 23,340 16,568 16,568 751 15,816 0 4,086 2,475 211 0 26 126 1,343 + 4,091 29,392

 913 212 165 56,464 42,315 42,315 1,919 40,396 0 10,437 2,850 863 0 101 208 4,992 +15,990 79,045

 1,221 166 170 66,116 47,703 47,703 2,163 45,540 0 11,766 6,360 287 0 344 226 7,928 +23,116 99,287

 891 147 172 65,758 43,474 43,474 1,971 41,503 0 10,723 11,077 484 0 63 209 23,798 - 4,277 86,761

 423 104 120 33,587 18,180 18,180 824 17,356 0 4,484 10,910 14 0 322 150 6,384 - 4,132 36,958

 424 115 38 28,279 20,109 20,109 912 19,197 0 4,960 3,200 10 0 44 121 5,336 + 3,016 37,373

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 1,378 765,335 479,434 479,434 21,740 457,694 0 118,250 150,000 17,651 29,179 2,133 2,162 99,435 0 912,859

 453 83 99 29,021 20,933 20,933 949 19,984 0 5,163 2,895 30 0 220 65 8,886 + 4,659 43,486

 3,935 874 63 311,704 170,580 170,580 7,735 162,845 0 42,073 87,052 12,000 29,179 0 212 27,387 -44,485 328,869

H.4.15. Statement of Condition of Each Federal Reserve Bank, August 13, 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, 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 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 exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.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.

 991,705 196,604 795,101 44,172 30,480 25,345 4,715 101 319 3,124 -136 872,741 19,935 18,505 1,678 912,859

 36,984 5,229 31,754 1,853 1,618 1,613 0 2 2 165 143 35,532 787 1,050 5 37,373

 352,127 58,752 293,376 15,716 12,006 7,023 4,715 71 197 0 -2,487 318,611 5,068 4,668 522 328,869

 40,436 7,068 33,368 1,929 3,186 3,182 0 4 0 410 164 39,056 2,328 1,814 288 43,486

 38,662 7,419 31,243 1,675 523 519 0 3 1 676 170 34,286 1,342 1,291 39 36,958

 80,539 12,995 67,544 4,005 4,357 4,257 0 11 89 215 413 76,534 5,189 4,999 39 86,761

 120,868 30,904 89,964 4,395 1,238 1,235 0 3 0 219 332 96,148 1,562 1,425 152 99,287

 82,415 13,654 68,762 3,899 3,295 3,278 0 2 15 218 286 76,458 1,281 815 490 79,045

 30,553 3,584 26,970 1,526 318 304 0 0 14 50 150 29,014 182 180 16 29,392

 17,8 2,9 14,8 8 3 3    2 1 16,4 3 3  17,1

H.4.15. Statement of Condition of Each Federal Reserve Bank, August 13, 2008 (continued)Millions of dollars

Assets, liabilities, and capital

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

 Aug 13, 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.

 991,705 196,604 795,101 795,101 11,037 2,200 554,113 227,750 597,684 43,570 554,113