Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 2,117,751 + 23,864 +1,250,911 2,121,166

Securities held outright 488,445 - 231 - 291,260 487,926

U.S. Treasury1 476,389 - 26 - 303,316 476,354

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 6,403 - 26 + 1,612 6,369

Federal agency2 12,057 - 204 + 12,057 11,572

Repurchase agreements4 80,000 0 + 33,143 80,000

Term auction credit 406,508 0 + 406,508 406,508

Other loans 255,573 - 27,607 + 255,231 248,751

Primary credit 90,333 - 3,295 + 90,024 87,813

Secondary credit 158 - 67 + 158 132

Seasonal credit 4 - 1 - 29 3

Primary dealer and other broker-dealer credit5 57,198 + 4,780 + 57,198 55,619

Asset-backed commercial paper money

market mutual fund liquidity facility 51,936 - 5,382 + 51,936 49,234

Credit extended to American International

Group, Inc.6 55,944 - 23,641 + 55,944 55,950

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC7 297,576 + 15,379 + 297,576 303,880

Net portfolio holdings of LLCs funded through the

money market investor funding facility7 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 26,994 + 66 + 26,994 27,082

Net portfolio holdings of Maiden Lane III LLC7 21,153 + 15,143 + 21,153 21,183

Float -973 - 497 - 207 -917

Other Federal Reserve assets 542,474 + 21,610 + 501,772 546,753

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding8 38,801 + 14 + 36 38,801

Total factors supplying reserve funds 2,169,793 + 23,878 +1,250,947 2,173,208

FEDERAL RESERVE statistical release

 December 4, 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

 Dec 3, 2008 Week ended

 Dec 3, 2008 Nov 26, 2008 Dec 5, 2007
Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Currency in circulation8 872,540 + 5,521 + 54,438 872,751

Reverse repurchase agreements9 96,725 - 600 + 60,689 91,994

Foreign official and international accounts 71,725 - 600 + 35,689 66,994

Dealers 25,000 0 + 25,000 25,000

Treasury cash holdings 241 - 1 - 24 243

Deposits with F.R. Banks, other than reserve balances 512,896 - 41,407 + 501,103 504,828

U.S. Treasury, general account 61,049 - 3,482 + 56,144 57,345

U.S. Treasury, supplementary financing account 440,528 - 38,526 + 440,528 434,107

Foreign official 190 0 + 93 186

Service-related 4,960 + 7 - 1,525 4,960

Required clearing balances 4,957 + 4 - 1,528 4,957

Adjustments to compensate for float 3 + 3 + 3 3

Other 6,168 + 593 + 5,862 8,230

Other liabilities and capital10 53,519 + 4,153 + 10,822 53,159

Total factors, other than reserve balances,

absorbing reserve funds 1,535,921 - 32,333 + 627,028 1,522,975

Reserve balances with Federal Reserve Banks 633,872 + 56,211 + 623,919 650,233

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

 Dec 3, 2008 Week ended

 Dec 3, 2008 Nov 26, 2008 Dec 5, 2007
Marketable securities held in custody for foreign

 official and international accounts1 2,494,798 - 3,285 + 458,061 2,494,030

U.S. Treasury 1,626,710 + 8,945 + 400,992 1,627,640

Federal agency 868,088 - 12,230 + 57,069 866,389

Securities lent to dealers 197,079 + 760 + 191,332 192,424

Overnight facility2 6,187 - 2,684 + 440 7,278

Term facility3,4 190,892 + 3,445 + 190,892 185,146

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Week ended

 Dec 3, 2008

Change from week ended Wednesday

 Dec 3, 2008

 Nov 26, 2008 Dec 5, 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.

4. On December 3, 2008, option contracts on draws on the Term Securities Lending Facility totaling $ 49,999 million were outstanding. The

exercise date for the options is December 22, 2008, and the draws have a term of December 23, 2008 through January 5, 2009.

Memorandum item

H.4.1

91 days to

1 year

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, December 3, 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

 129,478

 175,518

 15,963

- 860

 1,951

+ 542

 0

 0

 40,000

 91,994

...

 2,801

 65,200

- 1,492

 2,494

- 100

 0

 0

...

...

...

 35,450

 171,701

+ 778

 0

 0

...

...

...

...

 277,031

 34,982

 24,542

+ 1,553

 7,127

- 1,091

 304,759

 0

 40,000

 0

...

...

 96,940

- 12

 0

 0

...

...

...

...

...

...

 102,007

- 21

 0

 0

...

...

...

...

 406,508

 248,751

 476,354

- 53

 11,572

- 649

 304,759

 0

 80,000

 91,994
Wednesday

 Dec 3, 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

 27,082

 28,820

 249

 1,183

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

 Dec 3, 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

 302,596

 1,283

 303,880

 304,759

 302,963

 324

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

 Dec 3, 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

 21,183

 15,134

 9

 5,005

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 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

 Dec 3, 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 1,640 - 2 + 450

Securities, repurchase agreements, term auction

credit, and other loans 1,223,186 - 10,999 + 394,825

Securities held outright 487,926 - 702 - 291,789

U.S. Treasury1 476,354 - 53 - 303,361

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 6,369 - 53 + 1,568

Federal agency2 11,572 - 649 + 11,572

Repurchase agreements4 80,000 0 + 33,500

Term auction credit 406,508 0 + 406,508

Other loans 248,751 - 10,297 + 246,605

Net portfolio holdings of Commercial Paper Funding

Facility LLC5 303,880 + 9,786 + 303,880

Net portfolio holdings of LLCs funded through the

money market investor funding facility5 0 0 0

Net portfolio holdings of Maiden Lane LLC5 27,082 + 103 + 27,082

Net portfolio holdings of Maiden Lane III LLC5 21,183 + 35 + 21,183

Items in process of collection (512) 1,512 + 416 - 933

Bank premises 2,175 - 5 + 57

Other assets6 544,564 + 30,041 + 505,750

Total assets (512) 2,138,458 + 29,375 +1,252,293

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 835,829 + 746 + 53,890

Reverse repurchase agreements7 91,994 - 7,767 + 55,344

Deposits (4) 1,155,047 + 37,787 +1,133,541

Depository institutions 655,179 + 43,984 + 639,198

U.S. Treasury, general account 57,345 + 39,990 + 52,266

U.S. Treasury, supplementary financing account 434,107 - 44,947 + 434,107

Foreign official 186 - 1 + 90

Other (4) 8,230 - 1,240 + 7,880

Deferred availability cash items (507) 2,429 - 182 - 931

Other liabilities and accrued dividends8,9 10,344 - 1,138 + 4,348

Total liabilities (512) 2,095,642 + 29,445 +1,246,191

Capital accounts

Capital paid in 20,862 - 9 + 2,675

Surplus 17,175 + 5 + 1,714

Other capital accounts 4,779 - 65 + 1,713

Total capital 42,815 - 71 + 6,101

H.4.1

7. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Dec 5, 2007

Eliminations from

consolidation Wednesday

 Dec 3, 2008

Wednesday

 Nov 26, 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,        10, - 8, 18,

 344 71 46 23,519 16,861 16,461 637 15,824 400 2,765 3,633 260 0 0 0 0 18 130 5,578 + 2,628 32,332

 913 212 192 56,087 43,064 42,043 1,626 40,417 1,021 7,061 4,640 1,322 0 0 0 0 125 206 24,442 + 24,823 107,000

 1,221 166 207 75,256 48,548 47,396 1,833 45,563 1,151 7,960 18,285 463 0 0 0 0 623 225 41,854 + 8,577 128,129

 891 147 225 151,292 44,244 43,195 1,671 41,525 1,049 7,254 99,297 497 0 0 0 0 87 223 144,052 - 106,317 190,602

 423 104 130 34,931 18,502 18,063 699 17,365 439 3,034 13,393 2 0 0 0 0 187 150 37,391 + 1,228 74,544

 424 115 57 91,181 20,465 19,980 773 19,207 485 3,356 18,050 49,310 0 0 0 0 36 123 30,707 - 46,307 76,337

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 1,640 1,223,186 487,926 476,354 18,423 457,932 11,572 80,000 406,508 248,751 303,880 0 27,082 21,183 2,024 2,175 544,564 0 2,138,969

 453 83 127 53,674 21,304 20,798 804 19,994 505 3,493 28,800 78 0 0 0 0 250 64 52,399 - 52,736 54,314

 3,935 874 73 556,538 173,601 169,484 6,555 162,929 4,117 28,464 164,794 189,680 303,880 0 27,082 21,183 0 209 140,838 + 147,906 1,202,518

H.4.18. Statement of Condition of Each Federal Reserve Bank, December 3, 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, December 3, 2008 (continued)Millions of dollars

Assets, liabilities, and capital

 38,323 5,929 32,394 3,859 37,960 37,941 0 0 2 16 69 189 74,471 784 1,049 34 76,337

 1,013,362 177,533 835,829 91,994 1,155,051 655,179 57,345 434,107 186 8,235 2,936 10,344 2,096,154 20,862 17,175 4,779 2,138,969

 353,361 47,851 305,510 32,731 845,249 345,570 57,345 434,107 156 8,072 0 7,411 1,190,900 5,602 3,338 2,679 1,202,518

 41,859 5,625 36,234 4,017 8,619 8,611 0 0 4 4 557 221 49,647 2,315 1,815 537 54,314

 47,043 7,800 39,243 3,488 28,062 28,059 0 0 3 0 413 221 71,427 1,552 1,291 274 74,544

 81,712 11,362 70,350 8,342 99,381 99,280 0 0 11 90 266 625 178,963 5,836 4,999 804 190,602

 121,834 25,594 96,240 9,153 18,893 18,889 0 0 3 1 175 411 124,872 1,610 1,426 221 128,129

 83,848 13,620 70,228 8,119 26,481 26,478 0 0 2 0 312 316 105,456 703 816 25 107,000

 29,546 3,463 26,083 3,179 2,455 2,404 0 0 0 50 28 159 31,904 209 180 40 32,332

 17,5 2,7 14,7 1,7 1,5 1,5     2 1 18,2 3 3  18,9
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

 Dec 3, 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.

 1,013,362 177,533 835,829 835,829 11,037 2,200 486,156 336,436 567,926 81,770 486,156