Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 1,388,565 + 253,621 + 527,049 1,481,099

Securities held outright 488,541 + 8,269 - 291,089 491,121

U.S. Treasury1 476,612 + 55 - 303,018 476,621

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

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 6,627 + 55 + 1,911 6,635

Federal agency2 11,929 + 8,215 + 11,929 14,500

Repurchase agreements4 83,000 - 28,714 + 41,107 83,000

Term auction credit 149,143 - 857 + 149,143 149,000

Other loans 367,796 + 180,043 + 367,594 409,522

Primary credit 44,463 + 5,106 + 44,436 49,524

Secondary credit 286 + 267 + 286 0

Seasonal credit 74 - 21 - 101 42

Primary dealer and other broker-dealer credit5 147,692 + 59,545 + 147,692 146,565

Asset-backed commercial paper money

market mutual fund liquidity facility 122,104 + 100,344 + 122,104 152,108

Other credit extensions 53,176 + 14,801 + 53,176 61,283

Net portfolio holdings of Maiden Lane LLC6 29,413 + 40 + 29,413 29,447

Float -1,215 - 157 - 175 -1,490

Other Federal Reserve assets 271,888 + 94,997 + 231,056 320,499

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding7 38,788 + 14 + 149 38,788

Total factors supplying reserve funds 1,440,594 + 253,635 + 527,198 1,533,128

Currency in circulation7 836,409 + 2,509 + 24,632 841,003

Reverse repurchase agreements8 87,909 + 28,119 + 52,667 93,063

Foreign official and international accounts 70,767 + 14,548 + 35,525 73,063

Dealers 17,143 + 13,572 + 17,143 20,000

Treasury cash holdings 269 + 7 - 68 260

Deposits with F.R. Banks, other than reserve balances 304,654 + 162,611 + 292,374 388,850

U.S. Treasury, general account 8,629 + 3,541 + 3,199 5,278

U.S. Treasury, supplementary financing account 266,081 + 149,035 + 266,081 344,473

Foreign official 133 + 14 + 30 137

Service-related 7,718 + 355 + 1,250 7,717

Required clearing balances 7,718 + 355 + 1,250 7,717

Adjustments to compensate for float 0 0 0 0

Other 22,093 + 9,666 + 21,815 31,245

Other liabilities and capital9 44,358 - 2,098 + 3,007 38,458

Total factors, other than reserve balances,

absorbing reserve funds 1,273,599 + 191,148 + 372,612 1,361,633

Reserve balances with Federal Reserve Banks 166,996 + 62,487 + 154,587 171,495

FEDERAL RESERVE statistical release

 October 2, 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 1, 2008 Week ended

 Oct 1, 2008 Sep 24, 2008 Oct 3, 2007
Wednesday

 Oct 1, 2008

Holdings

 U.S. Treasury

securities2

Marketable securities held in custody for foreign

 official and international accounts1 2,465,651 + 43,756 + 467,242 2,482,377

U.S. Treasury 1,495,189 + 37,096 + 281,057 1,513,135

Federal agency 970,462 + 6,660 + 186,185 969,241

Securities lent to dealers 255,801 + 50,853 + 252,072 259,672

Overnight facility2 22,236 + 2,924 + 18,507 24,128

Term facility3 233,565 + 47,929 + 233,565 235,544

H.4.1

1A. Memorandum Items, October 1, 2008

Millions of dollars

Averages of daily figures

Week ended

 Oct 1, 2008

Change from week ended Wednesday

 Oct 1, 2008

 Sep 24, 2008 Oct 3, 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 1, 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

 24,000

 125,000

 ...

 ...

 ...

 ...

 149,000

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

 213,684

 113,221

 21,335

 61,283

 ...

 ...

 409,522

 13,459

 24,209

 70,092

 174,098

 93,362

 101,401

 476,621

 - 5,867

 + 493

 + 1,987

 + 3,404

 + 9

 + 17

 + 43

 43,000

 40,000

 ...

 ...

 ...

 ...

 83,000

 93,063

 0

 ...

 ...

 ...

 ...

 93,063

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

 29,447

 28,820

 174

 1,171

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

 395

 9,178

 4,927

 0

 0

 0

 14,500

 0

 + 3,546

 + 954

 0

 0

 0

 + 4,500
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 1,509 + 15 + 389

Securities, repurchase agreements, term auction

credit, and other loans 1,132,643 + 147,723 + 317,590

Securities held outright 491,121 + 4,543 - 288,503

U.S. Treasury1 476,621 + 43 - 303,003

Bills2 18,423 0 - 248,596

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

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

Inflation compensation3 6,635 + 42 + 1,924

Federal agency2 14,500 + 4,500 + 14,500

Repurchase agreements4 83,000 - 3,000 + 47,750

Term auction credit 149,000 - 1,000 + 149,000

Other loans 409,522 + 147,181 + 409,343

Net portfolio holdings of Maiden Lane LLC5 29,447 + 40 + 29,447

Items in process of collection (510) 1,279 + 311 - 1,399

Bank premises 2,167 - 2 + 64

Other assets6 318,410 + 136,692 + 279,834

Total assets (510) 1,498,693 + 284,781 + 625,927

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 803,979 + 4,557 + 26,574

Reverse repurchase agreements7 93,063 + 2,390 + 58,521

Deposits (0) 560,424 + 285,348 + 543,631

Depository institutions 179,291 + 83,990 + 168,547

U.S. Treasury, general account 5,278 + 103 - 367

U.S. Treasury, supplementary financing account 344,473 + 184,667 + 344,473

Foreign official 137 - 13 + 39

Other (0) 31,245 + 16,601 + 30,939

Deferred availability cash items (510) 2,769 + 389 - 568

Other liabilities and accrued dividends8,9 -2,812 - 7,414 - 8,816

Total liabilities (510) 1,457,423 + 285,270 + 619,343

Capital accounts

Capital paid in 20,312 + 76 + 3,022

Surplus 18,520 + 4 + 3,082

Other capital accounts 2,438 - 570 + 480

Total capital 41,270 - 489 + 6,584

H.4.1

4. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Oct 3, 2007

Eliminations from

consolidation Wednesday

 Oct 1, 2008

Wednesday

 Sep 24, 2008

Assets, liabilities, and capital
    11, 9, 8,  8,  1,      6, +  17,

 344 71 58 22,113 16,971 16,470 637 15,834 501 2,868 2,050 223 0 22 128 3,442 + 5,032 31,208

 913 212 176 54,275 43,346 42,066 1,626 40,440 1,280 7,326 2,156 1,446 0 168 207 14,606 + 12,488 83,044

 1,221 166 199 60,659 48,866 47,423 1,833 45,590 1,443 8,258 3,320 215 0 148 226 24,715 + 18,715 106,049

 891 147 192 67,153 44,534 43,219 1,671 41,549 1,315 7,526 14,709 384 0 72 214 83,434 - 52,364 99,740

 423 104 130 30,127 18,623 18,073 699 17,375 550 3,147 8,250 107 0 256 150 21,759 - 9,278 43,671

 424 115 42 183,725 20,599 19,991 773 19,219 608 3,481 7,500 152,144 0 77 122 17,871 -120,130 82,246

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 1,509 1,132,643 491,121 476,621 18,423 458,198 14,500 83,000 149,000 409,522 29,447 1,789 2,167 318,410 0 1,499,203

 453 83 115 28,111 21,443 20,810 804 20,006 633 3,624 0 3,044 0 407 64 30,394 - 14,287 45,341

 3,935 874 74 553,838 174,738 169,579 6,555 163,024 5,159 29,531 100,445 249,124 29,447 0 210 82,070 +147,865 818,312

H.4.15. Statement of Condition of Each Federal Reserve Bank, October 1, 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 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 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.H.4.15. Statement of Condition of Each Federal Reserve Bank, October 1, 2008 (continued)Millions of dollars

Assets, liabilities, and capital

 37,314 5,625 31,688 3,903 44,527 44,520 0 0 2 5 96 151 80,366 784 1,050 46 82,246

 989,423 185,443 803,979 93,063 560,424 179,291 5,278 344,473 137 31,245 3,279 -2,812 1,457,933 20,312 18,520 2,438 1,499,203

 353,172 51,210 301,962 33,111 477,890 96,987 5,278 344,473 107 31,045 1 -5,338 807,626 5,162 4,683 842 818,312

 41,295 6,836 34,459 4,063 1,523 1,519 0 0 4 0 566 189 40,800 2,328 1,814 398 45,341

 39,993 8,243 31,749 3,529 4,797 4,794 0 0 3 0 436 186 40,697 1,521 1,291 161 43,671

 81,051 12,462 68,589 8,439 11,603 11,406 0 0 11 186 300 466 89,397 5,214 4,999 130 99,740

 120,381 29,583 90,798 9,260 2,120 2,117 0 0 3 0 266 369 102,813 1,605 1,426 206 106,049

 80,696 13,794 66,902 8,214 4,742 4,741 0 0 2 0 250 301 80,408 1,305 815 515 83,044

 29,944 3,563 26,381 3,216 1,029 1,022 0 0 0 6 53 155 30,833 182 180 13 31,208

 17,4 2,9 14,5 1,7 3 3     2 1 17,0 3 3  17,7

                 
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 1, 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.

 989,423 185,443 803,979 803,979 11,037 2,200 488,172 302,571 574,121 85,949 488,172