Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 2,198,204 + 142,357 +1,332,530 2,196,669

Securities held outright 489,601 - 426 - 290,030 489,409

U.S. Treasury1 476,446 - 16 - 303,185 476,440

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

Notes and bonds, nominal2 410,491 - 38 - 60,493 410,491

Notes and bonds, inflation-indexed2 41,071 + 38 + 4,160 41,071

Inflation compensation3 6,460 - 17 + 1,742 6,455

Federal agency2 13,155 - 410 + 13,155 12,969

Repurchase agreements4 80,000 0 + 36,750 80,000

Term auction credit 415,302 + 113,939 + 415,302 415,302

Other loans 322,932 - 36,077 + 322,365 316,077

Primary credit 95,380 - 14,614 + 94,857 99,180

Secondary credit 89 + 89 + 89 106

Seasonal credit 10 0 - 34 12

Primary dealer and other broker-dealer credit5 64,933 - 12,087 + 64,933 56,653

Asset-backed commercial paper money

market mutual fund liquidity facility 80,244 - 11,485 + 80,244 76,546

Other credit extensions 82,275 + 2,018 + 82,275 83,581

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 249,910 + 23,902 + 249,910 257,287

Net portfolio holdings of Maiden Lane LLC7 26,876 + 26 + 26,876 26,949

Float -1,457 - 132 - 531 -1,789

Other Federal Reserve assets 615,041 + 41,126 + 571,890 613,435

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding8 38,759 + 14 + 36 38,759

Total factors supplying reserve funds 2,250,204 + 142,371 +1,332,566 2,248,669

FEDERAL RESERVE statistical release

 November 13, 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 12, 2008 Week ended

 Nov 12, 2008 Nov 5, 2008 Nov 14, 2007
Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Currency in circulation8 864,197 + 3,430 + 43,119 865,319

Reverse repurchase agreements9 99,686 + 4,415 + 64,510 102,318

Foreign official and international accounts 77,543 + 7,272 + 42,367 77,318

Dealers 22,143 - 2,857 + 22,143 25,000

Treasury cash holdings 262 - 9 - 16 251

Deposits with F.R. Banks, other than reserve balances 648,352 + 35,183 + 636,399 646,885

U.S. Treasury, general account 61,776 + 29,976 + 56,633 52,985

U.S. Treasury, supplementary financing account 558,892 + 41 + 558,892 558,892

Foreign official 291 + 83 + 189 434

Service-related 6,307 + 307 - 89 6,307

Required clearing balances 6,307 + 307 - 74 6,307

Adjustments to compensate for float 0 0 - 15 0

Other 21,086 + 4,775 + 20,774 28,267

Other liabilities and capital10 45,563 + 841 + 2,631 45,843

Total factors, other than reserve balances,

absorbing reserve funds 1,658,060 + 43,861 + 746,643 1,660,616

Reserve balances with Federal Reserve Banks 592,144 + 98,510 + 585,923 588,052

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. Refer to table 4 and the notes on consolidation accompanying table 6.

7. Fair value. Refer to table 3 and the notes on consolidation accompanying table 6.

8. Estimated.

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

10. Includes the liabilities of Maiden Lane LLC and Commercial Paper Funding Facility LLC to entities other than the Federal Reserve Bank of

New York, including liabilities that have recourse only to the portfolio holdings of these entities. Refer to tables 3 and 4 and the notes on

consolidation accompanying table 6.

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

Change from week ended Wednesday

 Nov 12, 2008 Week ended

 Nov 12, 2008 Nov 5, 2008 Nov 14, 2007
Marketable securities held in custody for foreign

 official and international accounts1 2,507,932 + 13,665 + 479,197 2,504,834

U.S. Treasury 1,608,039 + 20,277 + 373,561 1,608,045

Federal agency 899,893 - 6,611 + 105,635 896,789

Securities lent to dealers 218,352 - 2,296 + 210,256 217,018

Overnight facility2 18,353 - 2,296 + 10,257 17,019

Term facility3,4 199,999 0 + 199,999 199,999

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Week ended

 Nov 12, 2008

Change from week ended Wednesday

 Nov 12, 2008

 Nov 5, 2008 Nov 14, 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 November 12, 2008, option contracts on draws on the Term Securities Lending Facility totaling $ 49,998 million were outstanding. The

exercise date for the options is November 24, 2008, and the draws have a term of November 25, 2008 through December 2, 2008.

Memorandum item

H.4.1

91 days to

1 year

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, November 12, 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 to Maiden Lane LLC and Commercial Paper Funding Facility LLC that were

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

4. 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

Repurchase agreements4

Reverse repurchase agreements4

 113,271

 182,747

 18,131

- 6,285

 748

+ 14

 0

 40,000

 102,318

...

 6,840

 61,228

 0

 3,584

 0

 0

...

...

...

 63,381

 173,409

- 5

 0

 0

...

...

...

 302,031

 63,109

 28,047

+ 6,284

 8,637

- 280

 258,480

 40,000

 0

...

...

 94,309

- 3

 0

 0

...

...

...

...

...

 101,317

- 6

 0

 0

...

...

...

 415,302

 316,077

 476,440

- 16

 12,969

- 266

 258,480

 80,000

 102,318
Wednesday

 Nov 12, 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

 26,949

 28,820

 228

 1,179

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 notes on consolidation accompanying table 6.

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 5 and table 6.

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 12, 2008

4. 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

 256,144

 1,143

 257,287

 258,480

 256,937

 122

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 notes on consolidation accompanying table 6.

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
Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 2,200 0 0

Coin 1,640 - 8 + 437

Securities, repurchase agreements, term auction

credit, and other loans 1,300,788 + 83,204 + 471,588

Securities held outright 489,409 - 282 - 290,230

U.S. Treasury1 476,440 - 16 - 303,199

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 6,455 - 15 + 1,729

Federal agency2 12,969 - 266 + 12,969

Repurchase agreements4 80,000 0 + 30,500

Term auction credit 415,302 + 113,939 + 415,302

Other loans 316,077 - 30,454 + 316,017

Net portfolio holdings of Commercial Paper Funding

Facility LLC5 257,287 + 13,982 + 257,287

Net portfolio holdings of Maiden Lane LLC6 26,949 + 86 + 26,949

Items in process of collection (477) 1,126 - 298 - 4,759

Bank premises 2,171 + 2 + 60

Other assets7 611,258 + 41,667 + 569,872

Total assets (477) 2,214,455 + 138,633 +1,321,435

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 828,448 + 1,568 + 44,033

Reverse repurchase agreements8 102,318 + 5,655 + 67,615

Deposits (0) 1,234,931 + 130,801 +1,208,543

Depository institutions 594,353 + 90,763 + 573,886

U.S. Treasury, general account 52,985 + 34,333 + 47,445

U.S. Treasury, supplementary financing account 558,892 + 41 + 558,892

Foreign official 434 + 205 + 337

Other (0) 28,267 + 5,459 + 27,983

Deferred availability cash items (477) 2,915 - 68 - 2,213

Other liabilities and accrued dividends9,10 3,938 - 71 - 2,002

Total liabilities (477) 2,172,550 + 137,885 +1,315,976

Capital accounts

Capital paid in 20,372 + 8 + 2,294

Surplus 18,534 + 2 + 3,078

Other capital accounts 2,998 + 737 + 85

Total capital 41,905 + 748 + 5,459

H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Nov 14, 2007

Eliminations from

consolidation Wednesday

 Nov 12, 2008

Wednesday

 Nov 5, 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 4 and the notes on consolidation accompanying table 6.

6. Fair value. Refer to table 3 and the notes on consolidation accompanying table 6.

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

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

9. Includes any exchange-translation liabilities, which are revalued daily at market exchange rates.

10. Includes the liabilities of Maiden Lane LLC and Commercial Paper Funding Facility LLC to entities other than the Federal Reserve Bank of

New York, including liabilities that have recourse only to the portfolio holdings of these entities. Refer to the notes on consolidation

accompanying table 6.
    16, 9, 8,  8,  1, 5,      11, - 9, 18,

 344 71 43 22,929 16,912 16,464 637 15,827 448 2,765 3,098 154 0 0 31 130 6,205 + 2,539 32,291

 913 212 189 60,351 43,195 42,050 1,626 40,424 1,145 7,061 8,227 1,868 0 0 150 206 27,030 + 13,858 102,909

 1,221 166 213 74,914 48,695 47,405 1,833 45,572 1,290 7,960 17,845 413 0 0 114 225 46,220 - 4,700 118,373

 891 147 226 151,294 44,379 43,203 1,671 41,532 1,176 7,254 99,222 439 0 0 106 218 158,644 - 100,759 210,767

 423 104 132 40,127 18,558 18,066 699 17,368 492 3,034 18,020 516 0 0 336 150 41,215 - 11,441 71,046

 424 115 50 120,554 20,528 19,984 773 19,211 544 3,356 20,050 76,621 0 0 143 123 33,869 - 82,550 72,730

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

Maiden Lane LLC6

Items in process of collectionBank premisesOther assets7Interdistrict settlement account

Total assets

 11,037 2,200 1,640 1,300,788 489,409 476,440 18,423 458,018 12,969 80,000 415,302 316,077 257,287 26,949 1,602 2,171 611,258 0 2,214,932

 453 83 129 56,310 21,368 20,802 804 19,998 566 3,493 30,755 694 0 0 236 64 57,694 - 63,365 51,604

 3,935 874 77 600,737 174,129 169,515 6,555 162,960 4,614 28,464 172,267 225,878 257,287 26,949 0 210 166,042 + 269,505 1,325,616

H.4.16. Statement of Condition of Each Federal Reserve Bank, November 12, 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 4 and the notes on consolidation below.6. Fair value. Refer to the notes on consolidation below.7. Includes assets denominated in foreign currencies and any exchange-translation assets, which are revalued daily at market exchange rates.Notes on consolidation:On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan under the authority of section 13(3) of the Federal Reserve Act to Maideformed to acquire certain assets of Bear Stearns. The FRBNY is the primary beneficiary of Maiden Lane LLC. Consistent with generally accepted accounting Maiden Lane LLC have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this releastion, the extension of credit from the FRBNY to Maiden Lane LLC is eliminated, the net assets of Maiden Lane LLC appear as an asset in this table (and table Maiden Lane LLC to entities other than the FRBNY, including those with recourse only to the portfolio holdings of Maiden Lane LLC, are included in other liabiand table 5).

Assets, liabilities, and capital

On October 27, 2008, the Federal Reserve Bank of New York (FRBNY) began extending loans under the authority of section 13(3) of the Federal Reserve AcLLC (CPFF LLC). This LLC is a limited liability company that was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuof CPFF LLC. Consistent with generally accepted accounting principles, the assets and liabilities of CPFF LLC have been consolidated with the assets and liaof the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from the FRBNY to CPFF LLC is eliminatas an asset in this table (and table 1 and table 5), and the liabilities of CPFF LLC to entities other than the FRBNY are included in other liabilities on the next pa
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 agreements8

Deposits

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

Deferred availability cash itemsOther liabilities and accrued

dividends9,10

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

Note: Components may not sum to totals because of rounding.8. Cash value of agreements, which are collateralized by U.S. Treasury securities.9. Includes any exchange-translation liabilities, which are revalued daily at market exchange rates.10. Includes the liabilities of Maiden Lane LLC and Commercial Paper Funding Facility LLC to entities other than the Federal Reserve Bank of New York, inclu

only to the portfolio holdings of these entities. Refer to the notes on consolidation on the previous page.

H.4.16. Statement of Condition of Each Federal Reserve Bank, November 12, 2008 (continued)Millions of dollars

Assets, liabilities, and capital

 38,398 5,747 32,650 4,292 33,566 33,553 0 0 2 11 157 168 70,833 784 1,050 63 72,730

 1,006,909 178,461 828,448 102,318 1,234,931 594,353 52,985 558,892 434 28,267 3,392 3,938 2,173,027 20,372 18,534 2,998 2,214,932

 349,903 48,850 301,052 36,404 975,985 335,564 52,985 558,892 404 28,139 0 1,182 1,314,623 5,163 4,695 1,135 1,325,616

 42,351 5,781 36,570 4,467 5,148 5,143 0 0 4 1 515 215 46,915 2,330 1,815 544 51,604

 47,421 7,336 40,085 3,880 23,114 23,110 0 0 3 1 691 205 67,975 1,524 1,291 256 71,046

 82,228 11,338 70,890 9,278 118,442 118,325 0 0 11 106 262 540 199,412 5,836 4,999 519 210,767

 119,846 28,503 91,343 10,180 13,030 13,027 0 0 3 0 181 378 115,112 1,610 1,426 226 118,373

 84,240 12,925 71,315 9,031 20,331 20,329 0 0 2 0 369 310 101,356 698 816 39 102,909

 29,711 3,391 26,320 3,536 1,803 1,795 0 0 0 7 50 162 31,871 208 180 33 32,291

 17,4 2,7 14,6 1,9 1,1 1,1     3 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

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

Federal Reserve notes and collateral Wednesday

 Nov 12, 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.

 1,006,909 178,461 828,448 828,448 11,037 2,200 473,458 341,753 569,409 95,951 473,458