Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 892,783 + 9,805 + 35,113 901,186

Securities held outright 479,174 + 85 - 311,584 479,206

U.S. Treasury1 479,174 + 85 - 311,584 479,206

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

Notes and bonds, nominal2 412,392 0 - 61,911 412,392

Notes and bonds, inflation-indexed2 39,171 0 + 4,343 39,171

Inflation compensation3 5,871 + 84 + 1,262 5,903

Federal agency2 0 0 0 0

Repurchase agreements4 113,714 + 8,928 + 87,928 123,250

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

Other loans 17,644 + 1,134 + 17,393 17,377

Primary credit 17,452 + 1,071 + 17,450 17,279

Secondary credit 89 + 55 + 89 0

Seasonal credit 101 + 5 - 148 98

Primary dealer credit facility 3 + 3 + 3 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC5 29,065 + 40 + 29,065 29,099

Float -1,322 + 83 - 463 -1,931

Other Federal Reserve assets 104,507 - 466 + 62,773 104,185

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding6 38,917 + 14 + 376 38,917

Total factors supplying reserve funds 944,941 + 9,819 + 35,489 953,343

Currency in circulation6 830,800 + 775 + 18,418 832,779

Reverse repurchase agreements7 43,536 + 926 + 10,201 44,463

Foreign official and international accounts 43,536 + 926 + 10,201 44,463

Dealers 0 0 0 0

Treasury cash holdings 313 + 35 + 21 318

Deposits with F.R. Banks, other than reserve balances 12,778 - 337 + 1,057 11,966

U.S. Treasury, general account 5,094 - 325 + 220 4,271

Foreign official 101 0 + 5 101

Service-related 7,261 0 + 796 7,261

Required clearing balances 7,261 0 + 796 7,261

Adjustments to compensate for float 0 0 0 0

Other 322 - 13 + 35 333

Other liabilities and capital8 42,838 - 1,062 + 3,359 42,368

Total factors, other than reserve balances,

absorbing reserve funds 930,265 + 337 + 33,057 931,894

Reserve balances with Federal Reserve Banks 14,676 + 9,482 + 2,432 21,449

FEDERAL RESERVE statistical release

 July 31, 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

 Jul 30, 2008 Week ended

 Jul 30, 2008 Jul 23, 2008 Aug 1, 2007
Wednesday

 Jul 30, 2008

Holdings

 U.S. Treasury

securities2

Marketable securities held in custody for foreign

 official and international accounts1 2,367,674 + 14,224 + 357,724 2,376,324

U.S. Treasury 1,384,418 + 11,994 + 132,242 1,394,631

Federal agency 983,256 + 2,230 + 225,483 981,693

Securities lent to dealers 126,653 + 10,097 + 120,569 134,715

Overnight facility2 4,876 - 123 - 1,208 11,567

Term facility3 121,777 + 10,220 + 121,777 123,148

H.4.1

1A. Memorandum Items, July 30, 2008

Millions of dollars

Averages of daily figures

Week ended

 Jul 30, 2008

Change from week ended Wednesday

 Jul 30, 2008

 Jul 23, 2008 Aug 1, 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, July 30, 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

 3,061

 14,316

 0

 ...

 ...

 ...

 17,377

 14,547

 35,967

 69,445

 172,683

 89,865

 96,699

 479,206

 + 2,523

 - 470

 - 2,047

 + 27

 + 18

 + 34

 + 85

 83,250

 40,000

 ...

 ...

 ...

 ...

 123,250

 44,463

 0

 ...

 ...

 ...

 ...

 44,463

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

 29,099

 28,820

 62

 1,157

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 1,386 + 52 + 290

Securities, repurchase agreements, term auction

credit, and other loans 769,833 + 19,133 - 45,954

Securities held outright 479,206 + 85 - 311,596

U.S. Treasury1 479,206 + 85 - 311,596

Bills2 21,740 0 - 255,279

Notes and bonds, nominal2 412,392 0 - 60,986

Notes and bonds, inflation-indexed2 39,171 0 + 3,418

Inflation compensation3 5,903 + 85 + 1,250

Federal agency2 0 0 0

Repurchase agreements4 123,250 + 19,500 + 98,500

Term auction credit 150,000 0 + 150,000

Other loans 17,377 - 453 + 17,142

Net portfolio holdings of Maiden Lane LLC5 29,099 + 40 + 29,099

Items in process of collection (489) 805 - 626 - 1,621

Bank premises 2,161 + 3 + 108

Other assets6 102,025 - 247 + 62,512

Total assets (489) 918,546 + 18,354 + 44,434

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 795,563 + 1,319 + 18,610

Reverse repurchase agreements7 44,463 + 2,314 + 12,917

Deposits (0) 33,417 + 15,306 + 11,174

Depository institutions 28,712 + 17,744 + 11,628

U.S. Treasury, general account 4,271 - 2,449 - 498

Foreign official 101 0 + 6

Other (0) 333 + 11 + 38

Deferred availability cash items (489) 2,736 - 215 - 1,172

Other liabilities and accrued dividends8,9 1,985 - 536 - 3,839

Total liabilities (489) 878,163 + 18,187 + 37,689

Capital accounts

Capital paid in 19,937 + 33 + 3,288

Surplus 18,501 + 7 + 3,090

Other capital accounts 1,946 + 128 + 368

Total capital 40,383 + 167 + 6,745

H.4.1

4. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Aug 1, 2007

Eliminations from

consolidation Wednesday

 Jul 30, 2008

Wednesday

 Jul 23, 2008

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

 344 71 54 23,716 16,560 16,560 751 15,808 0 4,259 2,075 822 0 100 126 1,376 + 3,705 29,492

 913 212 166 57,107 42,294 42,294 1,919 40,376 0 10,878 2,825 1,110 0 109 208 5,095 +15,591 79,401

 1,221 166 168 63,509 47,680 47,680 2,163 45,517 0 12,263 3,245 320 0 5 226 8,096 +26,610 100,001

 891 147 174 68,293 43,454 43,454 1,971 41,482 0 11,176 13,577 86 0 95 205 24,594 - 5,569 88,830

 423 104 120 31,012 18,171 18,171 824 17,347 0 4,674 8,160 7 0 53 150 6,597 - 540 37,920

 424 115 40 26,770 20,100 20,100 912 19,188 0 5,170 1,500 1 0 54 120 5,496 + 4,100 37,119

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 1,386 769,833 479,206 479,206 21,740 457,466 0 123,250 150,000 17,377 29,099 1,294 2,161 102,025 0 919,035

 453 83 100 28,714 20,923 20,923 949 19,974 0 5,381 2,400 10 0 211 65 9,057 + 2,297 40,979

 3,935 874 63 319,957 170,498 170,498 7,735 162,763 0 43,852 93,606 12,001 29,099 0 214 28,035 -50,341 331,836

H.4.15. Statement of Condition of Each Federal Reserve Bank, July 30, 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.

 990,738 195,175 795,563 44,463 33,417 28,712 4,271 101 333 3,225 1,985 878,652 19,937 18,501 1,946 919,035

 36,995 5,034 31,960 1,865 1,143 1,133 0 2 8 160 141 35,269 787 1,050 13 37,119

 351,207 59,566 291,640 15,820 14,356 9,821 4,271 71 193 0 -308 321,508 5,065 4,664 600 331,836

 40,469 7,279 33,190 1,941 849 845 0 4 0 380 155 36,516 2,335 1,814 315 40,979

 38,605 6,885 31,719 1,686 1,021 1,017 0 3 1 654 165 35,245 1,337 1,291 46 37,920

 80,386 13,032 67,354 4,032 6,489 6,364 0 11 114 248 396 78,520 5,189 4,998 124 88,830

 120,932 30,424 90,509 4,424 1,336 1,333 0 3 0 227 345 96,840 1,561 1,425 174 100,001

 82,319 13,141 69,178 3,924 3,174 3,170 0 2 1 252 275 76,803 1,281 815 501 79,401

 30,575 3,574 27,001 1,536 392 378 0 0 14 43 143 29,115 182 180 15 29,492

 17,7 2,8 14,8 8 2 2    3 1 16,4 3 3  17,0

H.4.15. Statement of Condition of Each Federal Reserve Bank, July 30, 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

 Jul 30, 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.

 990,738 195,175 795,563 795,563 11,037 2,200 558,980 223,346 602,456 43,475 558,980