Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 2,177,564 - 68,963 +1,308,385 2,122,397

Securities held outright 495,383 - 844 - 232,799 494,976

U.S. Treasury1 475,797 - 164 - 252,385 475,718

Bills2 18,423 0 - 196,937 18,423

Notes and bonds, nominal2 410,491 0 - 60,493 410,491

Notes and bonds, inflation-indexed2 41,071 0 + 4,160 41,071

Inflation compensation3 5,811 - 164 + 883 5,732

Federal agency2 19,587 - 679 + 19,587 19,258

Repurchase agreements4 77,143 - 2,857 + 44,107 60,000

Term auction credit 406,805 - 43,414 + 366,805 384,031

Other loans 185,801 - 1,969 + 184,284 178,277

Primary credit 87,935 + 1,385 + 86,423 83,677

Secondary credit 16 - 2 + 16 10

Seasonal credit 2 - 2 - 3 0

Primary dealer and other broker-dealer credit5 35,977 - 2,499 + 35,977 34,326

Asset-backed commercial paper money

market mutual fund liquidity facility 22,868 - 929 + 22,868 21,143

Credit extended to American International

Group, Inc.6 39,003 + 79 + 39,003 39,120

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper

Funding Facility LLC7 334,272 + 1,862 + 334,272 334,409

Net portfolio holdings of LLCs funded through the

money market investor funding facility8 0 0 0 0

Net portfolio holdings of Maiden Lane LLC9 27,028 + 54 + 27,028 27,061

Net portfolio holdings of Maiden Lane II LLC10 20,071 + 12 + 20,071 19,794

Net portfolio holdings of Maiden Lane III LLC11 26,798 - 1,192 + 26,798 26,881

Float -1,462 - 600 - 730 -1,721

Other Federal Reserve assets 605,725 - 20,016 + 538,548 598,689

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding12 38,871 + 14 + 190 38,871

Total factors supplying reserve funds 2,229,676 - 68,949 +1,308,575 2,174,509

FEDERAL RESERVE statistical release

 January 8, 2009

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

 Jan 7, 2009 Week ended

 Jan 7, 2009 Dec 31, 2008 Jan 9, 2008
Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Currency in circulation12 887,700 - 1,233 + 65,126 884,860

Reverse repurchase agreements13 88,668 + 4,226 + 49,613 88,913

Foreign official and international accounts 88,668 + 4,226 + 49,613 88,913

Dealers 0 0 0 0

Treasury cash holdings 260 + 10 - 4 267

Deposits with F.R. Banks, other than reserve balances 306,200 - 91,626 + 294,062 291,939

U.S. Treasury, general account 66,137 - 48,092 + 60,991 62,686

U.S. Treasury, supplementary financing account 229,403 - 34,197 + 229,403 224,416

Foreign official 1,572 + 1,067 + 1,470 194

Service-related 4,388 + 2 - 2,258 4,388

Required clearing balances 4,387 + 2 - 2,259 4,387

Adjustments to compensate for float 2 + 2 + 2 2

Other 4,700 - 10,406 + 4,457 254

Other liabilities and capital14 68,668 - 10,646 + 25,790 66,775

Total factors, other than reserve balances,

absorbing reserve funds 1,351,498 - 99,268 + 434,589 1,332,754

Reserve balances with Federal Reserve Banks 878,178 + 30,319 + 873,986 841,754

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. Excludes credit extended to consolidated LLCs.

7. Refer to table 6 and the note on consolidation accompanying table 9.

8. Refer to table 7 and the note on consolidation accompanying table 9.

9. Refer to table 3 and the note on consolidation accompanying table 9.

10. Refer to table 4 and the note on consolidation accompanying table 9.

11. Refer to table 5 and the note on consolidation accompanying table 9.

12. Estimated.

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

14. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility,

Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including

liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 3 through table 7 and the note on consolidation

accompanying table 9.

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

Change from week ended Wednesday

 Jan 7, 2009 Week ended

 Jan 7, 2009 Dec 31, 2008 Jan 9, 2008
Marketable securities held in custody for foreign

 official and international accounts1 2,524,509 + 8,046 + 467,260 2,523,129

U.S. Treasury 1,710,446 + 11,009 + 478,608 1,707,958

Federal agency 814,062 - 2,964 - 11,349 815,171

Securities lent to dealers 169,639 - 10,023 + 159,953 162,660

Overnight facility2 8,539 + 2,048 - 1,147 6,810

Term facility3 161,100 - 12,071 + 161,100 155,850

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Week ended

 Jan 7, 2009

Change from week ended Wednesday

 Jan 7, 2009

 Dec 31, 2008 Jan 9, 2008

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, January 7, 2009

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 (FRBNY) to Commercial Paper Funding Facility LLC, the LLCs funded through

the Money Market Investor Funding Facility, Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC. The loans were eliminated when

preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles.

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. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.

5. 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

Money market instruments held by

LLCs funded through the

money market investor

funding facility4

Repurchase agreements5

Reverse repurchase agreements5

 75,643

 116,804

 16,621

- 2,517

 0

- 450

 0

 0

 40,000

 88,913

...

 0

 63,330

 0

 976

 0

 0

 0

...

...

...

 39,120

 173,264

- 64

 11,361

 0

...

...

...

...

 308,389

 22,352

 23,469

+ 2,504

 3,281

 0

 334,511

 0

 20,000

 0

...

...

 97,280

- 45

 3,640

 0

...

...

...

...

...

...

 101,753

- 81

 0

 0

...

...

...

...

 384,031

 178,277

 475,718

- 203

 19,258

- 450

 334,511

 0

 60,000

 88,913
Wednesday

 Jan 7, 2009

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

 27,061

 28,820

 270

 1,189

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. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

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 9.

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 8 and table 9.

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

 Jan 7, 2009

4. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Net portfolio holdings of Maiden Lane II 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

Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3

 19,794

 19,169

 33

 1,003

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 December 12, 2008. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

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 9.

3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American

International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are

included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority

of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the

U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II

LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to

the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the

FRBNY and AIG subsidiaries.

Account name
Wednesday

 Jan 7, 2009

7. Information on Principal Accounts of LLCs Funded through the Money Market Investor

 Funding Facility

Millions of dollars

Money market instrument holdings, net1

Other investments, net

Net portfolio holdings of LLCs funded through the money market investor funding facility

Memorandum: Money market instrument 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

Commercial paper issued by LLCs funded through the money market investor funding facility, net of related discounts

 0

 0

 0

 0

 0

 0

 0

1. Book value, which includes amortized cost.

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 9.

Note: On November 24, 2008, the Federal Reserve Board authorized the Federal Reserve Bank of New York to extend credit under the authority of

section 13(3) of the Federal Reserve Act to a series of limited liability companies funded through the Money Market Investor Funding Facility.

These limited liability companies were established to purchase short-term U.S. dollar-denominated certificates of deposit, bank notes, and

outstanding asset-backed commercial paper from eligible issuers. Such purchases are designed to foster liquidity in short-term money markets.

Account name

H.4.1

Wednesday

 Jan 7, 2009

6. 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

 333,133

 1,276

 334,409

 334,511

 332,495

 696

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 note on consolidation accompanying table 9.

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

Wednesday

 Jan 7, 2009

5. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Net portfolio holdings of Maiden Lane III 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 American International Group, Inc.3

 26,881

 24,339

 52

 5,026

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 November 25, 2008. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

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 9.

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 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority

of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations

(CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In

connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane

III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due

to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and

AIG.

Account name
Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 2,200 0 0

Coin 1,704 + 16 + 502

Securities, repurchase agreements, term auction

credit, and other loans 1,117,284 - 102,439 + 317,566

Securities held outright 494,976 - 653 - 233,227

U.S. Treasury1 475,718 - 203 - 252,485

Bills2 18,423 0 - 196,937

Notes and bonds, nominal2 410,491 0 - 60,493

Notes and bonds, inflation-indexed2 41,071 0 + 4,160

Inflation compensation3 5,732 - 204 + 784

Federal agency2 19,258 - 450 + 19,258

Repurchase agreements4 60,000 - 20,000 + 29,500

Term auction credit 384,031 - 66,188 + 344,031

Other loans 178,277 - 15,597 + 177,262

Net portfolio holdings of Commercial Paper Funding

Facility LLC5 334,409 + 307 + 334,409

Net portfolio holdings of LLCs funded through the

money market investor funding facility6 0 0 0

Net portfolio holdings of Maiden Lane LLC7 27,061 + 38 + 27,061

Net portfolio holdings of Maiden Lane II LLC8 19,794 - 323 + 19,794

Net portfolio holdings of Maiden Lane III LLC9 26,881 + 96 + 26,881

Items in process of collection (510) 1,489 + 510 - 1,158

Bank premises 2,182 - 12 + 50

Other assets10 596,504 - 23,553 + 531,440

Total assets (510) 2,140,543 - 125,361 +1,256,544

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 847,956 - 5,212 + 66,153

Reverse repurchase agreements11 88,913 + 561 + 51,140

Deposits (0) 1,133,690 - 114,344 +1,115,129

Depository institutions 846,140 - 13,860 + 833,248

U.S. Treasury, general account 62,686 - 43,437 + 57,323

U.S. Treasury, supplementary financing account 224,416 - 34,909 + 224,416

Foreign official 194 - 1,171 + 96

Other (0) 254 - 20,967 + 45

Deferred availability cash items (510) 3,209 + 738 - 175

Other liabilities and accrued dividends12,13 24,445 - 7,283 + 19,391

Total liabilities (510) 2,098,213 - 125,540 +1,251,637

Capital accounts

Capital paid in 21,077 + 1 + 2,618

Surplus 20,806 - 270 + 2,450

Other capital accounts 447 + 447 - 160

Total capital 42,330 + 178 + 4,908

H.4.1

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jan 9, 2008

Eliminations from

consolidation Wednesday

 Jan 7, 2009

Wednesday

 Dec 31, 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 6 and the note on consolidation accompanying table 9.

6. Refer to table 7 and the note on consolidation accompanying table 9.

7. Refer to table 3 and the note on consolidation accompanying table 9.

8. Refer to table 4 and the note on consolidation accompanying table 9.

9. Refer to table 5 and the note on consolidation accompanying table 9.

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

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

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

13. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility,

Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC to entities other than the Federal Reserve Bank of New York, including

liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 3 through table 7 and the note on consolidation

accompanying table 9.
    16, 9, 8,  8,  1, 5,         11, - 9, 19,

 344 71 45 22,779 17,105 16,439 637 15,802 665 2,073 3,148 453 0 0 0 0 0 15 130 6,200 + 7,088 36,673

 913 212 197 54,385 43,686 41,987 1,626 40,361 1,700 5,296 3,574 1,829 0 0 0 0 0 231 207 27,063 + 35,283 118,491

 1,221 166 216 69,521 49,249 47,333 1,833 45,500 1,916 5,970 13,962 341 0 0 0 0 0 516 225 46,268 + 22,614 140,748

 891 147 234 120,223 44,884 43,137 1,671 41,467 1,746 5,441 69,403 496 0 0 0 0 0 106 228 158,855 - 109,741 170,943

 423 104 138 31,262 18,769 18,039 699 17,340 730 2,275 9,940 277 0 0 0 0 0 264 147 41,254 + 15,076 88,668

 424 115 56 56,307 20,761 19,953 773 19,181 808 2,517 11,650 21,379 0 0 0 0 0 52 123 33,823 - 17,736 73,163

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 LLCs funded

through the money market investorfunding facility6

Net portfolio holdings of Maiden

Lane LLC7

Net portfolio holdings of Maiden

Lane II LLC8

Net portfolio holdings of Maiden

Lane III LLC9

Items in process of collectionBank premisesOther assets10Interdistrict settlement account

Total assets

 11,037 2,200 1,704 1,117,284 494,976 475,718 18,423 457,295 19,258 60,000 384,031 178,277 334,409 0 27,061 19,794 26,881 1,999 2,182 596,504 0 2,141,053

 453 83 138 58,208 21,611 20,771 804 19,966 841 2,620 33,700 277 0 0 0 0 0 219 64 57,835 - 60,656 56,344

 3,935 874 74 539,931 176,109 169,258 6,555 162,703 6,852 21,348 195,898 146,576 334,409 0 27,061 19,794 26,881 0 210 150,788 + 62,282 1,166,239

H.4.19. Statement of Condition of Each Federal Reserve Bank, January 7, 2009Millions 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 4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.5. Refer to table 6 and the note on consolidation on the following page.6. Refer to table 7 and the note on consolidation on the following page.7. Refer to table 3 and the note on consolidation on the following page.8. Refer to table 4 and the note on consolidation on the following page.9. Refer to table 5 and the note on consolidation on the following page.10. Includes assets denominated in foreign currencies and any exchange-translation assets, which are revalued daily at market exchange rates.

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 agreements11

Deposits

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

Deferred availability cash itemsOther liabilities and accrued

dividends12,13

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

Note: Components may not sum to totals because of rounding.11. Cash value of agreements, which are collateralized by U.S. Treasury securities.12. Includes any exchange-translation liabilities, which are revalued daily at market exchange rates.13. Includes the liabilities of Commercial Paper Funding Facility LLC, the LLCs funded through the Money Market Investor Funding Facility, Maiden Lane LLC, M

LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refenote on consolidation below.

Note on consolidation:The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federawas extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On October 27, 2008, the FRBNY began extending loans to Commwas formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On November 24, 2008, the Federal Reserve Board authorizeof LLCs funded through the Money Market Investor Funding Facility, which were established to purchase short-term U.S. dollar-denominated certificates of deposit, eligible issuers. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which wamortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc.The FRBNY is the sole beneficiary of Commercial Paper Funding Facility LLC and the primary beneficiary of the other LLCs cited above. Consistent with generally aassets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this tabH.4.19. Statement of Condition of Each Federal Reserve Bank, January 7, 2009 (continued)Millions of dollars

Assets, liabilities, and capital

 38,475 5,852 32,623 3,729 34,886 34,879 0 0 2 5 89 143 71,471 845 822 26 73,163

 1,023,123 175,167 847,956 88,913 1,133,690 846,140 62,686 224,416 194 254 3,719 24,445 2,098,723 21,077 20,806 447 2,141,053

 357,980 46,479 311,501 31,635 789,414 502,055 62,686 224,416 164 93 0 22,135 1,154,684 5,607 5,612 336 1,166,239

 41,318 5,178 36,141 3,882 10,857 10,852 0 0 4 2 695 156 51,731 2,315 2,299 0 56,344

 46,562 7,846 38,716 3,372 42,633 42,630 0 0 3 0 708 166 85,596 1,552 1,487 34 88,668

 81,116 12,286 68,831 8,063 81,556 81,397 0 0 11 149 268 391 159,110 5,981 5,853 0 170,943

 128,726 24,972 103,754 8,847 24,368 24,365 0 0 3 0 198 361 137,527 1,612 1,600 9 140,748

 83,637 13,406 70,231 7,847 38,314 38,312 0 0 2 0 407 283 117,083 703 703 1 118,491

 29,371 3,722 25,648 3,073 7,329 7,323 0 0 0 5 54 146 36,251 210 210 2 36,673

 17,6 2,9 14,6 1,6 2,0 2,0     2  18,7 3 3  19,3
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

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

Federal Reserve notes and collateral Wednesday

 Jan 7, 2009

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.

 1,023,123 175,167 847,956 847,956 11,037 2,200 475,259 359,460 554,976 79,717 475,259