Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 2,055,846 + 182,898 +1,191,384 2,057,946

Securities held outright 490,027 - 355 - 289,576 489,691

U.S. Treasury1 476,462 - 23 - 303,141 476,456

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

Notes and bonds, nominal2 410,529 - 228 - 60,455 410,491

Notes and bonds, inflation-indexed2 41,033 + 227 + 4,122 41,071

Inflation compensation3 6,477 - 22 + 1,788 6,470

Federal agency2 13,565 - 332 + 13,565 13,235

Repurchase agreements4 80,000 0 + 37,179 80,000

Term auction credit 301,363 0 + 301,363 301,363

Other loans 359,009 - 29,800 + 358,764 346,531

Primary credit 109,994 - 1,952 + 109,803 108,567

Secondary credit 0 - 1 0 0

Seasonal credit 10 - 7 - 44 9

Primary dealer and other broker-dealer credit5 77,020 - 10,373 + 77,020 71,642

Asset-backed commercial paper money

market mutual fund liquidity facility 91,729 - 8,173 + 91,729 85,097

Other credit extensions 80,257 - 9,292 + 80,257 81,215

Net portfolio holdings of Commercial Paper

Funding Facility LLC6 226,008 + 185,189 + 226,008 243,305

Net portfolio holdings of Maiden Lane LLC7 26,850 + 41 + 26,850 26,863

Float -1,326 - 86 - 662 -1,559

Other Federal Reserve assets 573,915 + 27,909 + 531,458 571,753

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 + 92 38,801

Total factors supplying reserve funds 2,107,889 + 182,913 +1,191,477 2,109,989

FEDERAL RESERVE statistical release

 November 6, 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 5, 2008 Week ended

 Nov 5, 2008 Oct 29, 2008 Nov 7, 2007
Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Currency in circulation8 860,823 + 3,375 + 45,037 863,774

Reverse repurchase agreements9 95,271 + 948 + 57,981 96,663

Foreign official and international accounts 70,271 + 948 + 32,981 71,663

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

Treasury cash holdings 271 + 2 - 27 264

Deposits with F.R. Banks, other than reserve balances 613,169 - 54,397 + 601,082 606,540

U.S. Treasury, general account 31,800 - 68,936 + 26,681 18,652

U.S. Treasury, supplementary financing account 558,851 - 13 + 558,851 558,851

Foreign official 208 + 34 + 110 229

Service-related 6,000 + 2 - 583 6,000

Required clearing balances 6,000 + 2 - 583 6,000

Adjustments to compensate for float 0 0 0 0

Other 16,311 + 14,517 + 16,024 22,808

Other liabilities and capital10 44,722 + 276 + 2,413 45,166

Total factors, other than reserve balances,

absorbing reserve funds 1,614,256 - 49,796 + 706,485 1,612,405

Reserve balances with Federal Reserve Banks 493,633 + 232,709 + 484,992 497,583

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 5, 2008 Week ended

 Nov 5, 2008 Oct 29, 2008 Nov 7, 2007
Marketable securities held in custody for foreign

 official and international accounts1 2,494,267 + 8,075 + 461,696 2,495,962

U.S. Treasury 1,587,762 + 16,588 + 350,587 1,594,096

Federal agency 906,504 - 8,514 + 111,108 901,865

Securities lent to dealers 220,648 - 1,918 + 213,399 219,513

Overnight facility2 20,649 - 4,418 + 13,400 19,514

Term facility3 199,999 + 2,500 + 199,999 199,999

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Week ended

 Nov 5, 2008

Change from week ended Wednesday

 Nov 5, 2008

 Oct 29, 2008 Nov 7, 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.

Memorandum item

H.4.1

91 days to

1 year

2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, November 5, 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

 138,271

 186,055

 24,416

+ 9,096

 734

+ 83

 0

 40,000

 96,663

...

 8,989

 61,228

- 112

 3,584

- 150

 0

...

...

...

 61,365

 173,414

- 21

 0

 0

...

...

...

 163,092

 90,122

 21,763

- 8,961

 8,917

- 318

 244,593

 40,000

 0

...

...

 94,312

- 5

 0

 0

...

...

...

...

...

 101,323

- 10

 0

 0

...

...

...

 301,363

 346,531

 476,456

- 13

 13,235

- 385

 244,593

 80,000

 96,663
Wednesday

 Nov 5, 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

 26,863

 28,820

 221

 1,178

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 5, 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

 242,197

 1,108

 243,305

 244,593

 243,124

 60

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 1,648 + 3 + 418

Securities, repurchase agreements, term auction

credit, and other loans 1,217,584 - 23,631 + 388,627

Securities held outright 489,691 - 398 - 289,922

U.S. Treasury1 476,456 - 13 - 303,157

Bills2 18,423 0 - 248,596

Notes and bonds, nominal2 410,491 - 266 - 60,493

Notes and bonds, inflation-indexed2 41,071 + 265 + 4,160

Inflation compensation3 6,470 - 14 + 1,771

Federal agency2 13,235 - 385 + 13,235

Repurchase agreements4 80,000 0 + 32,000

Term auction credit 301,363 0 + 301,363

Other loans 346,531 - 23,232 + 345,187

Net portfolio holdings of Commercial Paper Funding

Facility LLC5 243,305 + 98,497 + 243,305

Net portfolio holdings of Maiden Lane LLC6 26,863 + 15 + 26,863

Items in process of collection (438) 1,424 + 341 - 1,507

Bank premises 2,169 - 5 + 59

Other assets7 569,591 + 29,921 + 528,826

Total assets (438) 2,075,822 + 105,142 +1,186,593

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 826,880 + 3,167 + 44,676

Reverse repurchase agreements8 96,663 + 2,008 + 60,305

Deposits (0) 1,104,130 + 98,432 +1,079,062

Depository institutions 503,590 + 77,618 + 483,793

U.S. Treasury, general account 18,652 - 832 + 13,750

U.S. Treasury, supplementary financing account 558,851 - 13 + 558,851

Foreign official 229 + 42 + 131

Other (0) 22,808 + 21,616 + 22,536

Deferred availability cash items (438) 2,983 + 666 - 402

Other liabilities and accrued dividends9,10 4,009 + 130 - 1,954

Total liabilities (438) 2,034,665 + 104,404 +1,181,688

Capital accounts

Capital paid in 20,364 + 50 + 2,411

Surplus 18,532 + 197 + 3,076

Other capital accounts 2,261 + 492 - 583

Total capital 41,157 + 739 + 4,905

H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Nov 7, 2007

Eliminations from

consolidation Wednesday

 Nov 5, 2008

Wednesday

 Oct 29, 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.
    15, 9, 8,  8,  1, 5,      10, - 8, 18,

 344 71 44 22,856 16,922 16,465 637 15,828 457 2,765 3,000 170 0 0 10 129 5,924 + 3,848 33,227

 913 212 191 59,655 43,220 42,052 1,626 40,426 1,168 7,061 7,467 1,907 0 0 82 206 25,724 + 6,855 93,838

 1,221 166 214 72,558 48,723 47,407 1,833 45,574 1,317 7,960 15,515 360 0 0 344 225 43,967 - 4,759 113,935

 891 147 225 133,092 44,404 43,204 1,671 41,534 1,200 7,254 69,047 12,387 0 0 -13 217 150,811 - 103,082 182,288

 423 104 132 37,969 18,569 18,067 699 17,368 502 3,034 15,860 506 0 0 281 150 39,189 - 15,367 62,882

 424 115 50 123,551 20,539 19,984 773 19,212 555 3,356 14,500 85,156 0 0 55 123 32,201 - 78,098 78,420

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 1,648 1,217,584 489,691 476,456 18,423 458,033 13,235 80,000 301,363 346,531 243,305 26,863 1,862 2,169 569,591 0 2,076,260

 453 83 129 30,143 21,381 20,803 804 19,998 578 3,493 2,505 2,764 0 0 268 64 54,840 - 36,428 49,552

 3,935 874 77 579,297 174,229 169,520 6,555 162,965 4,709 28,464 140,138 236,467 243,305 26,863 96 210 146,194 + 242,067 1,242,919

H.4.16. Statement of Condition of Each Federal Reserve Bank, November 5, 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 5, 2008 (continued)Millions of dollars

Assets, liabilities, and capital

 38,429 5,711 32,718 4,054 39,480 39,457 0 0 2 21 91 182 76,526 784 1,050 59 78,420

 1,002,439 175,560 826,880 96,663 1,104,130 503,590 18,652 558,851 229 22,808 3,421 4,009 2,035,103 20,364 18,532 2,261 2,076,260

 350,475 44,865 305,610 34,392 891,407 291,089 18,652 558,851 199 22,616 0 1,221 1,232,631 5,162 4,693 433 1,242,919

 42,372 5,868 36,504 4,220 3,386 3,380 0 0 4 1 533 210 44,853 2,330 1,815 554 49,552

 47,472 7,572 39,899 3,665 15,504 15,501 0 0 3 0 531 204 59,803 1,524 1,291 263 62,882

 82,219 11,487 70,732 8,765 90,598 90,473 0 0 11 115 359 546 171,000 5,841 4,999 448 182,288

 119,996 28,379 91,618 9,618 8,748 8,745 0 0 3 0 258 405 110,647 1,610 1,426 252 113,935

 82,045 13,135 68,910 8,531 14,247 14,244 0 0 2 0 291 309 92,288 685 816 50 93,838

 29,703 3,324 26,378 3,340 2,911 2,907 0 0 0 3 31 161 32,821 208 180 18 33,227

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

 1,002,439 175,560 826,880 826,880 11,037 2,200 478,849 334,794 569,691 90,842 478,849