Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 1,740,078 + 245,360 + 882,065 1,753,599

Securities held outright 490,657 - 285 - 288,940 490,660

U.S. Treasury1 476,552 - 42 - 303,045 476,555

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

Notes and bonds, nominal2 411,592 - 139 - 60,550 410,757

Notes and bonds, inflation-indexed2 39,971 + 139 + 4,218 40,806

Inflation compensation3 6,567 - 42 + 1,883 6,569

Federal agency2 14,105 - 242 + 14,105 14,105

Repurchase agreements4 80,000 - 1,143 + 41,500 80,000

Term auction credit 263,092 + 114,092 + 263,092 263,092

Other loans 437,530 + 17,370 + 437,290 441,370

Primary credit 99,659 + 24,649 + 99,533 101,853

Secondary credit 4 0 + 4 0

Seasonal credit 25 - 14 - 89 24

Primary dealer and other broker-dealer credit5 131,125 - 2,941 + 131,125 133,871

Asset-backed commercial paper money

market mutual fund liquidity facility 129,616 - 16,274 + 129,616 122,763

Other credit extensions 77,101 + 11,950 + 77,101 82,860

Net portfolio holdings of Maiden Lane LLC6 29,492 + 40 + 29,492 29,526

Float -1,014 + 36 + 458 13

Other Federal Reserve assets 440,320 + 115,249 + 399,172 448,937

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding7 38,759 + 14 + 92 38,759

Total factors supplying reserve funds 1,792,079 + 245,374 + 882,158 1,805,600

Currency in circulation7 853,228 + 8,738 + 38,731 855,439

Reverse repurchase agreements8 85,890 - 8,453 + 51,486 107,819

Foreign official and international accounts 78,747 + 2,261 + 44,343 82,819

Dealers 7,143 - 10,714 + 7,143 25,000

Treasury cash holdings 276 + 14 - 59 278

Deposits with F.R. Banks, other than reserve balances 525,046 + 82,895 + 512,932 529,969

U.S. Treasury, general account 7,338 - 572 + 2,258 23,983

U.S. Treasury, supplementary financing account 494,853 + 89,082 + 494,853 499,129

Foreign official 308 + 193 + 211 190

Service-related 6,138 - 1,579 - 441 6,138

Required clearing balances 6,138 - 1,579 - 441 6,138

Adjustments to compensate for float 0 0 0 0

Other 16,410 - 4,227 + 16,053 529

Other liabilities and capital9 46,567 + 850 + 4,975 46,358

Total factors, other than reserve balances,

absorbing reserve funds 1,511,008 + 84,045 + 608,067 1,539,863

Reserve balances with Federal Reserve Banks 281,070 + 161,328 + 274,090 265,737

FEDERAL RESERVE statistical release

 October 16, 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. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers.

6. Fair value. Refer to table 2 and the note on consolidation accompanying table 5.

7. Estimated.

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

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 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

 Oct 15, 2008 Week ended

 Oct 15, 2008 Oct 8, 2008 Oct 17, 2007
Wednesday

 Oct 15, 2008

Holdings

 U.S. Treasury

securities2

Marketable securities held in custody for foreign

 official and international accounts1 2,486,288 + 1,143 + 468,054 2,480,651

U.S. Treasury 1,550,991 + 23,173 + 320,760 1,554,489

Federal agency 935,298 - 22,029 + 147,295 926,162

Securities lent to dealers 220,398 + 9,053 + 214,524 218,735

Overnight facility2 25,852 + 5,850 + 19,978 23,739

Term facility3 194,546 + 3,203 + 194,546 194,996

H.4.1

1A. Memorandum Items, October 15, 2008

Millions of dollars

Averages of daily figures

Week ended

 Oct 15, 2008

Change from week ended Wednesday

 Oct 15, 2008

 Oct 8, 2008 Oct 17, 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.

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, October 15, 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

 75,000

 188,092

 ...

 ...

 ...

 ...

 263,092

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

 232,441

 123,084

 16,029

 69,816

 ...

 ...

 441,370

 12,138

 29,373

 65,879

 173,462

 94,336

 101,367

 476,555

 - 3,477

 + 2,504

 + 607

 - 623

 + 983

 - 17

 - 24

 40,000

 40,000

 ...

 ...

 ...

 ...

 80,000

 107,819

 0

 ...

 ...

 ...

 ...

 107,819

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

 29,526

 28,820

 195

 1,174

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

Holdings

 Federal agency

securities

Weekly

changes

 485

 9,393

 4,227

 0

 0

 0

 14,105

 + 485

 - 235

 - 250

 0

 0

 0

 0
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 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 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 1,546 + 24 + 367

Securities, repurchase agreements, term auction

credit, and other loans 1,275,122 + 104,572 + 459,173

Securities held outright 490,660 - 24 - 288,931

U.S. Treasury1 476,555 - 24 - 303,036

Bills2 18,423 0 - 248,596

Notes and bonds, nominal2 410,757 - 974 - 61,385

Notes and bonds, inflation-indexed2 40,806 + 974 + 5,053

Inflation compensation3 6,569 - 24 + 1,892

Federal agency2 14,105 0 + 14,105

Repurchase agreements4 80,000 - 20,000 + 43,750

Term auction credit 263,092 + 114,092 + 263,092

Other loans 441,370 + 10,504 + 441,262

Net portfolio holdings of Maiden Lane LLC5 29,526 + 39 + 29,526

Items in process of collection (824) 4,058 + 2,867 + 2,681

Bank premises 2,170 0 + 65

Other assets6 446,772 + 71,829 + 407,494

Total assets (824) 1,772,431 + 179,332 + 899,307

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 818,498 + 6,806 + 40,812

Reverse repurchase agreements7 107,819 + 30,470 + 72,732

Deposits (0) 795,712 + 140,486 + 779,919

Depository institutions 271,881 + 88,567 + 261,605

U.S. Treasury, general account 23,983 + 18,439 + 18,878

U.S. Treasury, supplementary financing account 499,129 + 39,883 + 499,129

Foreign official 190 + 89 + 93

Other (0) 529 - 6,492 + 214

Deferred availability cash items (824) 4,044 + 1,308 + 851

Other liabilities and accrued dividends8,9 4,501 + 392 - 1,424

Total liabilities (824) 1,730,574 + 179,462 + 892,890

Capital accounts

Capital paid in 20,316 + 4 + 2,580

Surplus 18,525 + 2 + 3,087

Other capital accounts 3,016 - 137 + 750

Total capital 41,858 - 130 + 6,418

H.4.1

4. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Oct 17, 2007

Eliminations from

consolidation Wednesday

 Oct 15, 2008

Wednesday

 Oct 8, 2008

Assets, liabilities, and capital
    16, 9, 8,  8,  1, 5,     8, - 5, 19,

 344 71 49 21,943 16,955 16,468 637 15,831 487 2,765 2,000 223 0 65 128 4,643 + 5,810 33,054

 913 212 180 56,740 43,305 42,060 1,626 40,434 1,245 7,061 4,480 1,894 0 1,280 207 20,043 + 6,919 86,494

 1,221 166 203 68,459 48,820 47,416 1,833 45,583 1,403 7,960 11,440 240 0 658 226 34,108 + 5,634 110,675

 891 147 202 120,786 44,492 43,213 1,671 41,543 1,279 7,254 43,347 25,692 0 251 215 116,463 -105,742 133,212

 423 104 128 34,527 18,606 18,071 699 17,372 535 3,034 12,785 102 0 610 150 30,301 - 21,206 45,037

 424 115 46 158,735 20,580 19,989 773 19,216 592 3,356 12,000 122,799 0 195 123 24,915 -108,078 76,475

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 1,546 1,275,122 490,660 476,555 18,423 458,132 14,105 80,000 263,092 441,370 29,526 4,882 2,170 446,772 0 1,773,255

 453 83 123 31,865 21,423 20,807 804 20,003 616 3,493 500 6,449 0 687 64 42,378 - 27,331 48,322

 3,935 874 76 624,423 174,574 169,555 6,555 163,001 5,018 28,464 145,030 276,356 29,526 0 210 118,872 +259,986 1037903

H.4.15. Statement of Condition of Each Federal Reserve Bank, October 15, 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 and any exchange-translation assets, 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 accountU.S. Treasury, supplementary financing 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 any exchange-translation liabilities, which are revalued daily at market exchange rates.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.H.4.15. Statement of Condition of Each Federal Reserve Bank, October 15, 2008 (continued)Millions of dollars

Assets, liabilities, and capital

 38,072 5,193 32,879 4,522 36,811 36,803 0 0 2 6 186 157 74,555 784 1,050 86 76,475

 991,169 172,671 818,498 107,819 795,712 271,881 23,983 499,129 190 529 4,867 4,501 1,731,397 20,316 18,525 3,016 1,773,255

 351,700 46,081 305,619 38,361 681,185 157,529 23,983 499,129 160 383 0 1,881 1027046 5,162 4,687 1,008 1037903

 41,792 6,255 35,537 4,708 2,315 2,311 0 0 4 0 940 199 43,699 2,331 1,814 477 48,322

 40,518 7,869 32,648 4,088 4,269 4,265 0 0 3 1 791 192 41,989 1,524 1,291 233 45,037

 82,080 11,441 70,639 9,777 41,405 41,263 0 0 11 132 428 477 122,726 5,210 4,999 276 133,212

 119,937 27,209 92,728 10,728 3,150 3,147 0 0 3 0 444 371 107,422 1,607 1,426 221 110,675

 80,660 13,072 67,588 9,516 6,110 6,108 0 0 2 0 317 313 83,844 1,306 815 529 86,494

 29,938 3,321 26,616 3,726 2,110 2,104 0 0 0 6 67 156 32,676 181 180 17 33,054

 17,5 2,6 14,8 2,0 1,3 1,3     3 1 18,7 3 3  19,4

                 
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

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

Federal Reserve notes and collateral Wednesday

 Oct 15, 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.

 991,169 172,671 818,498 818,498 11,037 2,200 470,257 335,005 570,660 100,403 470,257