Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 884,355 - 3,286 + 34,261 891,695

Securities held outright 479,604 + 104 - 305,026 479,642

U.S. Treasury1 479,604 + 104 - 305,026 479,642

Bills2 21,740 0 - 250,279 21,740

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

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

Inflation compensation3 6,301 + 104 + 1,584 6,339

Federal agency2 0 0 0 0

Repurchase agreements4 103,393 - 4,321 + 78,822 111,000

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

Other loans 18,570 + 961 + 16,993 19,002

Primary credit 18,469 + 956 + 17,154 18,901

Secondary credit 0 0 0 0

Seasonal credit 100 + 5 - 162 102

Primary dealer credit facility 0 0 0 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC5 29,213 + 30 + 29,213 29,247

Float -1,213 - 273 - 1,217 -1,688

Other Federal Reserve assets 104,788 + 213 + 65,476 104,491

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding6 38,789 + 14 + 205 38,789

Total factors supplying reserve funds 936,384 - 3,273 + 34,465 943,725

Currency in circulation6 829,569 - 547 + 19,700 832,790

Reverse repurchase agreements7 42,858 - 1,597 + 11,970 43,768

Foreign official and international accounts 42,858 - 1,597 + 11,970 43,768

Dealers 0 0 0 0

Treasury cash holdings 302 + 5 - 7 281

Deposits with F.R. Banks, other than reserve balances 12,435 + 69 + 146 12,648

U.S. Treasury, general account 4,828 + 63 - 261 4,989

Foreign official 101 - 2 + 6 100

Service-related 7,175 - 5 + 322 7,175

Required clearing balances 7,175 - 1 + 322 7,175

Adjustments to compensate for float 0 - 3 0 0

Other 332 + 14 + 80 385

Other liabilities and capital8 42,501 + 767 + 1,784 42,066

Total factors, other than reserve balances,

absorbing reserve funds 927,664 - 1,304 + 33,592 931,553

Reserve balances with Federal Reserve Banks 8,720 - 1,969 + 873 12,172

FEDERAL RESERVE statistical release

 August 28, 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 27, 2008 Week ended

 Aug 27, 2008 Aug 20, 2008 Aug 29, 2007
Wednesday

 Aug 27, 2008

Holdings

 U.S. Treasury

securities2

Marketable securities held in custody for foreign

 official and international accounts1 2,404,896 - 968 + 425,543 2,408,874

U.S. Treasury 1,434,298 + 3,444 + 228,926 1,440,551

Federal agency 970,598 - 4,412 + 196,617 968,323

Securities lent to dealers 121,176 - 3,635 + 115,908 124,141

Overnight facility2 3,828 - 1,995 - 1,440 6,793

Term facility3,4 117,348 - 1,641 + 117,348 117,348

H.4.1

1A. Memorandum Items, August 27, 2008

Millions of dollars

Averages of daily figures

Week ended

 Aug 27, 2008

Change from week ended Wednesday

 Aug 27, 2008

 Aug 20, 2008 Aug 29, 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.

4. On August 27, 2008, option contracts on draws on the Term Securities Lending Facility totaling $ 24,998 million were outstanding. The

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

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, August 27, 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

 125,000

 25,000

 ...

 ...

 ...

 ...

 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

 3,874

 15,128

 0

 ...

 ...

 ...

 19,002

 18,455

 28,214

 70,320

 169,539

 91,834

 101,280

 479,642

 + 2,967

 - 2,968

 + 7

 + 33

 + 22

 + 43

 + 104

 71,000

 40,000

 ...

 ...

 ...

 ...

 111,000

 43,768

 0

 ...

 ...

 ...

 ...

 43,768

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

 29,247

 28,820

 112

 1,163

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 1,415 + 13 + 401

Securities, repurchase agreements, term auction

credit, and other loans 759,644 + 10,793 - 60,100

Securities held outright 479,642 + 104 - 304,995

U.S. Treasury1 479,642 + 104 - 304,995

Bills2 21,740 0 - 250,279

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

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

Inflation compensation3 6,339 + 104 + 1,616

Federal agency2 0 0 0

Repurchase agreements4 111,000 + 10,250 + 77,250

Term auction credit 150,000 0 + 150,000

Other loans 19,002 + 439 + 17,645

Net portfolio holdings of Maiden Lane LLC5 29,247 + 40 + 29,247

Items in process of collection (561) 926 - 12 - 2,329

Bank premises 2,166 + 3 + 95

Other assets6 102,357 + 463 + 64,907

Total assets (561) 908,991 + 11,299 + 32,220

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 795,694 + 1,991 + 20,508

Reverse repurchase agreements7 43,768 + 162 + 12,558

Deposits (0) 24,850 + 8,799 - 2,011

Depository institutions 19,377 + 8,914 - 2,215

U.S. Treasury, general account 4,989 - 188 + 65

Foreign official 100 - 2 + 5

Other (0) 385 + 75 + 135

Deferred availability cash items (561) 2,614 - 18 - 608

Other liabilities and accrued dividends8,9 1,276 + 12 - 4,730

Total liabilities (561) 868,202 + 10,946 + 25,716

Capital accounts

Capital paid in 20,189 0 + 3,342

Surplus 18,509 + 2 + 3,086

Other capital accounts 2,091 + 351 + 76

Total capital 40,789 + 353 + 6,504

H.4.1

4. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Aug 29, 2007

Eliminations from

consolidation Wednesday

 Aug 27, 2008

Wednesday

 Aug 20, 2008

Assets, liabilities, and capital
    12, 9, 9,  8,  2,  1,    1, + 2, 16,

 344 71 49 23,153 16,575 16,575 751 15,823 0 3,836 2,475 268 0 58 127 1,296 + 3,910 29,008

 913 212 165 55,825 42,333 42,333 1,919 40,414 0 9,797 2,765 930 0 149 208 4,986 +14,405 76,863

 1,221 166 178 67,277 47,724 47,724 2,163 45,560 0 11,044 8,205 304 0 57 226 8,057 +23,887 101,070

 891 147 178 66,907 43,493 43,493 1,971 41,522 0 10,065 13,160 189 0 59 210 25,128 - 4,676 88,844

 423 104 125 31,804 18,188 18,188 824 17,363 0 4,209 9,400 7 0 437 150 6,693 - 2,029 37,707

 424 115 37 28,685 20,118 20,118 912 19,206 0 4,656 3,900 11 0 55 120 5,553 + 1,546 36,535

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 1,415 759,644 479,642 479,642 21,740 457,902 0 111,000 150,000 19,002 29,247 1,487 2,166 102,357 0 909,552

 453 83 102 27,156 20,942 20,942 949 19,993 0 4,846 1,295 73 0 297 65 9,339 + 3,947 41,442

 3,935 874 66 309,282 170,654 170,654 7,735 162,919 0 39,493 87,122 12,013 29,247 0 212 27,814 -43,276 328,153

H.4.15. Statement of Condition of Each Federal Reserve Bank, August 27, 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.

 991,668 195,974 795,694 43,768 24,850 19,377 4,989 100 385 3,175 1,276 868,763 20,189 18,509 2,091 909,552

 37,083 5,276 31,807 1,836 742 647 0 2 93 139 149 34,673 787 1,050 26 36,535

 352,154 57,835 294,319 15,572 9,016 3,765 4,989 70 192 0 -1,173 317,734 5,087 4,672 661 328,153

 40,947 7,017 33,930 1,911 542 538 0 4 1 437 172 36,992 2,328 1,814 307 41,442

 39,497 8,399 31,098 1,660 1,053 1,049 0 3 1 836 178 34,825 1,521 1,291 70 37,707

 80,816 13,107 67,709 3,969 6,252 6,156 0 11 85 224 435 78,588 5,189 4,999 68 88,844

 121,460 29,602 91,858 4,355 1,063 1,060 0 3 0 187 364 97,827 1,596 1,425 222 101,070

 81,665 13,794 67,871 3,863 1,962 1,960 0 2 0 247 293 74,236 1,290 815 521 76,863

 30,229 3,634 26,595 1,512 318 306 0 0 11 54 149 28,628 182 180 19 29,008

 17,6 2,9 14,7 8 2 2    2 1 16,1 3 3  16,8

H.4.15. Statement of Condition of Each Federal Reserve Bank, August 27, 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 27, 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.

 991,668 195,974 795,694 795,694 11,037 2,200 547,720 234,737 590,642 42,922 547,720