Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 888,283 - 5,563 + 30,786 906,793

Securities held outright 479,762 + 61 - 299,877 479,782

U.S. Treasury1 479,762 + 61 - 299,877 479,782

Bills2 21,740 0 - 245,279 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 6,459 + 61 + 1,734 6,480

Federal agency2 0 0 0 0

Repurchase agreements4 110,821 - 5,072 + 77,464 126,750

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

Other loans 19,891 + 821 + 16,733 23,556

Primary credit 19,796 + 820 + 16,864 23,455

Secondary credit 0 0 0 0

Seasonal credit 95 + 2 - 131 101

Primary dealer credit facility 0 0 0 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC5 29,293 + 40 + 29,293 29,327

Float -1,048 + 426 - 2,379 -1,293

Other Federal Reserve assets 99,563 - 1,841 + 59,551 98,671

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding6 38,817 + 14 + 211 38,817

Total factors supplying reserve funds 940,340 - 5,550 + 30,996 958,851

Currency in circulation6 834,619 - 700 + 21,687 834,711

Reverse repurchase agreements7 42,690 - 190 + 8,399 44,296

Foreign official and international accounts 42,690 - 190 + 8,399 44,296

Dealers 0 0 0 0

Treasury cash holdings 275 - 6 - 67 268

Deposits with F.R. Banks, other than reserve balances 12,251 + 11 + 523 13,313

U.S. Treasury, general account 4,723 - 23 - 32 5,412

Foreign official 161 + 61 + 64 522

Service-related 7,086 - 1 + 475 7,086

Required clearing balances 7,086 - 1 + 475 7,086

Adjustments to compensate for float 0 0 0 0

Other 281 - 26 + 16 292

Other liabilities and capital8 42,529 - 1,748 + 1,465 41,300

Total factors, other than reserve balances,

absorbing reserve funds 932,363 - 2,634 + 32,006 933,887

Reserve balances with Federal Reserve Banks 7,978 - 2,915 - 1,009 24,964

FEDERAL RESERVE statistical release

 September 11, 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

 Sep 10, 2008 Week ended

 Sep 10, 2008 Sep 3, 2008 Sep 12, 2007
Wednesday

 Sep 10, 2008

Holdings

 U.S. Treasury

securities2

Marketable securities held in custody for foreign

 official and international accounts1 2,395,347 - 8,477 + 414,026 2,394,660

U.S. Treasury 1,439,662 + 1,698 + 232,520 1,438,094

Federal agency 955,685 - 10,175 + 181,505 956,566

Securities lent to dealers 118,063 - 8,034 + 112,544 117,340

Overnight facility2 2,165 - 7,827 - 3,354 1,441

Term facility3,4 115,899 - 206 + 115,899 115,899

H.4.1

1A. Memorandum Items, September 10, 2008

Millions of dollars

Averages of daily figures

Week ended

 Sep 10, 2008

Change from week ended Wednesday

 Sep 10, 2008

 Sep 3, 2008 Sep 12, 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 September 10, 2008, option contracts on draws on the Term Securities Lending Facility totaling $ 49,998 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, September 10, 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

 8,539

 15,017

 0

 ...

 ...

 ...

 23,556

 14,955

 31,549

 69,272

 170,807

 91,863

 101,337

 479,782

 + 104

 - 104

 + 4

 + 18

 + 12

 + 23

 + 56

 86,750

 40,000

 ...

 ...

 ...

 ...

 126,750

 44,296

 0

 ...

 ...

 ...

 ...

 44,296

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

 29,327

 28,820

 136

 1,166

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 1,445 + 31 + 396

Securities, repurchase agreements, term auction

credit, and other loans 780,089 + 22,274 - 51,934

Securities held outright 479,782 + 56 - 299,856

U.S. Treasury1 479,782 + 56 - 299,856

Bills2 21,740 0 - 245,279

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

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

Inflation compensation3 6,480 + 57 + 1,756

Federal agency2 0 0 0

Repurchase agreements4 126,750 + 17,750 + 81,750

Term auction credit 150,000 0 + 150,000

Other loans 23,556 + 4,467 + 16,170

Net portfolio holdings of Maiden Lane LLC5 29,327 + 40 + 29,327

Items in process of collection (647) 1,432 - 1,934 - 2,312

Bank premises 2,165 + 3 + 83

Other assets6 96,524 - 1,857 + 58,453

Total assets (647) 924,218 + 18,557 + 34,012

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 797,602 - 2,117 + 22,195

Reverse repurchase agreements7 44,296 + 2,540 + 10,806

Deposits (0) 38,295 + 21,336 + 1,075

Depository institutions 32,068 + 21,132 + 387

U.S. Treasury, general account 5,412 - 194 + 224

Foreign official 522 + 422 + 425

Other (0) 292 - 25 + 38

Deferred availability cash items (647) 2,725 - 1,004 - 671

Other liabilities and accrued dividends8,9 839 - 1,856 - 5,249

Total liabilities (647) 883,757 + 18,898 + 28,156

Capital accounts

Capital paid in 20,202 + 11 + 3,228

Surplus 18,514 + 3 + 3,090

Other capital accounts 1,745 - 355 - 462

Total capital 40,461 - 342 + 5,856

H.4.1

4. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Sep 12, 2007

Eliminations from

consolidation Wednesday

 Sep 10, 2008

Wednesday

 Sep 3, 2008

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

 344 71 50 23,349 16,580 16,580 751 15,828 0 4,380 2,075 315 0 -33 127 1,255 + 4,053 29,217

 913 212 170 57,461 42,345 42,345 1,919 40,427 0 11,187 2,985 944 0 166 208 4,742 +14,534 78,406

 1,221 166 186 68,094 47,738 47,738 2,163 45,574 0 12,611 7,510 235 0 410 226 7,637 +23,799 101,740

 891 147 188 68,218 43,506 43,506 1,971 41,535 0 11,493 12,945 273 0 80 211 23,528 - 3,402 89,862

 423 104 121 35,749 18,193 18,193 824 17,369 0 4,806 9,400 3,350 0 390 149 6,274 - 6,245 36,966

 424 115 39 31,951 20,124 20,124 912 19,212 0 5,316 6,500 11 0 108 122 5,221 - 1,097 36,882

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 1,445 780,089 479,782 479,782 21,740 458,042 0 126,750 150,000 23,556 29,327 2,079 2,165 96,524 0 924,865

 453 83 107 29,850 20,948 20,948 949 19,999 0 5,534 2,582 786 0 301 64 8,674 + 2,941 42,473

 3,935 874 73 311,264 170,704 170,704 7,735 162,969 0 45,097 83,383 12,081 29,327 0 212 26,407 -32,932 339,160

H.4.15. Statement of Condition of Each Federal Reserve Bank, September 10, 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.

 989,500 191,897 797,602 44,296 38,295 32,068 5,412 522 292 3,372 839 884,404 20,202 18,514 1,745 924,865

 36,972 5,345 31,627 1,858 1,262 1,252 0 2 8 148 150 35,044 787 1,050 2 36,882

 351,133 55,090 296,043 15,760 18,681 12,577 5,412 492 199 0 -1,610 328,874 5,087 4,676 523 339,160

 41,045 6,877 34,168 1,934 1,169 1,165 0 4 0 584 177 38,033 2,328 1,814 299 42,473

 39,381 8,352 31,029 1,680 648 644 0 3 1 542 181 34,079 1,521 1,291 75 36,966

 81,211 12,918 68,293 4,017 6,642 6,560 0 11 71 249 439 79,640 5,190 4,999 33 89,862

 120,643 28,798 91,845 4,407 1,687 1,684 0 3 0 262 340 98,542 1,596 1,426 178 101,740

 81,553 14,286 67,267 3,910 4,044 4,042 0 2 0 277 296 75,793 1,301 815 496 78,406

 30,255 3,496 26,760 1,531 340 329 0 0 11 58 154 28,841 182 180 14 29,217

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

H.4.15. Statement of Condition of Each Federal Reserve Bank, September 10, 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

 Sep 10, 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.

 989,500 191,897 797,602 797,602 11,037 2,200 563,995 220,370 606,532 42,537 563,995