Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 887,648 + 4,655 + 36,014 880,392

Securities held outright 479,500 + 104 - 310,113 479,538

U.S. Treasury1 479,500 + 104 - 310,113 479,538

Bills2 21,740 0 - 255,279 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 6,197 + 104 + 1,498 6,235

Federal agency2 0 0 0 0

Repurchase agreements4 107,714 + 1,928 + 85,107 100,750

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

Other loans 17,609 - 198 + 16,068 18,563

Primary credit 17,513 - 186 + 16,313 18,469

Secondary credit 0 - 7 - 85 0

Seasonal credit 95 - 5 - 161 94

Primary dealer credit facility 0 0 0 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC5 29,183 + 38 + 29,183 29,207

Float -933 + 193 - 174 -1,694

Other Federal Reserve assets 104,575 + 2,588 + 65,943 104,028

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding6 38,775 + 14 + 202 38,775

Total factors supplying reserve funds 939,664 + 4,669 + 36,216 932,407

Currency in circulation6 830,116 - 1,054 + 19,079 830,774

Reverse repurchase agreements7 44,455 + 1,997 + 13,104 43,606

Foreign official and international accounts 44,455 + 1,997 + 13,104 43,606

Dealers 0 0 0 0

Treasury cash holdings 297 - 1 + 17 306

Deposits with F.R. Banks, other than reserve balances 12,366 - 144 + 132 12,768

U.S. Treasury, general account 4,765 - 94 - 77 5,177

Foreign official 103 - 216 + 4 102

Service-related 7,180 + 173 + 322 7,180

Required clearing balances 7,176 + 169 + 321 7,176

Adjustments to compensate for float 3 + 3 0 3

Other 318 - 7 - 116 310

Other liabilities and capital8 41,734 + 1,157 + 1,291 41,699

Total factors, other than reserve balances,

absorbing reserve funds 928,968 + 1,955 + 33,623 929,153

Reserve balances with Federal Reserve Banks 10,696 + 2,714 + 2,593 3,254

FEDERAL RESERVE statistical release

 August 21, 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 20, 2008 Week ended

 Aug 20, 2008 Aug 13, 2008 Aug 22, 2007
Wednesday

 Aug 20, 2008

Holdings

 U.S. Treasury

securities2

Marketable securities held in custody for foreign

 official and international accounts1 2,405,864 + 10,981 + 419,453 2,395,304

U.S. Treasury 1,430,854 + 15,026 + 212,024 1,423,017

Federal agency 975,010 - 4,044 + 207,428 972,287

Securities lent to dealers 124,811 - 6,343 + 119,730 126,022

Overnight facility2 5,823 + 2,986 + 742 8,676

Term facility3 118,989 - 9,329 + 118,989 117,346

H.4.1

1A. Memorandum Items, August 20, 2008

Millions of dollars

Averages of daily figures

Week ended

 Aug 20, 2008

Change from week ended Wednesday

 Aug 20, 2008

 Aug 13, 2008 Aug 22, 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.

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

3. Maturity Distribution of Term Auction Credit, Other Loans, and Securities, August 20, 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

 75,000

 75,000

 ...

 ...

 ...

 ...

 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

 3,821

 14,742

 0

 ...

 ...

 ...

 18,563

 15,488

 31,182

 70,313

 169,506

 91,812

 101,237

 479,538

 - 5,713

 + 5,423

 + 809

 - 6,090

 + 1,905

 + 3,770

 + 104

 60,750

 40,000

 ...

 ...

 ...

 ...

 100,750

 43,606

 0

 ...

 ...

 ...

 ...

 43,606

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

 29,207

 28,820

 99

 1,162

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 1,402 + 24 + 385

Securities, repurchase agreements, term auction

credit, and other loans 748,851 - 16,484 - 62,030

Securities held outright 479,538 + 104 - 310,081

U.S. Treasury1 479,538 + 104 - 310,081

Bills2 21,740 0 - 255,279

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

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

Inflation compensation3 6,235 + 104 + 1,529

Federal agency2 0 0 0

Repurchase agreements4 100,750 - 17,500 + 81,750

Term auction credit 150,000 0 + 150,000

Other loans 18,563 + 912 + 16,301

Net portfolio holdings of Maiden Lane LLC5 29,207 + 28 + 29,207

Items in process of collection (509) 938 - 662 - 1,717

Bank premises 2,163 + 1 + 95

Other assets6 101,894 + 2,459 + 64,999

Total assets (509) 897,692 - 14,634 + 30,939

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 793,703 - 1,398 + 19,163

Reverse repurchase agreements7 43,606 - 566 + 13,650

Deposits (0) 16,051 - 14,429 - 2,718

Depository institutions 10,463 - 14,882 - 2,619

U.S. Treasury, general account 5,177 + 462 - 152

Foreign official 102 + 1 + 7

Other (0) 310 - 9 + 47

Deferred availability cash items (509) 2,632 + 40 - 556

Other liabilities and accrued dividends8,9 1,264 + 1,400 - 4,766

Total liabilities (509) 857,256 - 14,953 + 24,773

Capital accounts

Capital paid in 20,189 + 254 + 3,348

Surplus 18,507 + 2 + 3,095

Other capital accounts 1,740 + 62 - 276

Total capital 40,436 + 319 + 6,166

H.4.1

4. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Aug 22, 2007

Eliminations from

consolidation Wednesday

 Aug 20, 2008

Wednesday

 Aug 13, 2008

Assets, liabilities, and capital
    11, 9, 9,  8,  1,  1,    1, + 2, 16,

 344 71 52 22,811 16,571 16,571 751 15,820 0 3,482 2,475 284 0 14 127 1,281 + 4,596 29,296

 913 212 167 54,906 42,324 42,324 1,919 40,405 0 8,892 2,765 925 0 138 207 4,950 +14,746 76,240

 1,221 166 175 66,257 47,713 47,713 2,163 45,550 0 10,024 8,205 314 0 206 226 8,002 +23,198 99,452

 891 147 173 65,944 43,484 43,484 1,971 41,512 0 9,136 13,160 164 0 85 210 25,106 - 8,968 83,587

 423 104 122 31,942 18,184 18,184 824 17,359 0 3,820 9,400 538 0 232 150 6,672 - 2,953 36,692

 424 115 36 28,250 20,114 20,114 912 19,202 0 4,226 3,900 11 0 54 121 5,535 + 1,361 35,897

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 1,402 748,851 479,538 479,538 21,740 457,798 0 100,750 150,000 18,563 29,207 1,447 2,163 101,894 0 898,201

 453 83 100 26,703 20,937 20,937 949 19,988 0 4,399 1,295 72 0 212 65 9,322 + 3,905 40,843

 3,935 874 65 305,717 170,617 170,617 7,735 162,882 0 35,846 87,122 12,132 29,207 0 212 27,629 -41,856 325,783

H.4.15. Statement of Condition of Each Federal Reserve Bank, August 20, 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.

 992,338 198,635 793,703 43,606 16,051 10,463 5,177 102 310 3,142 1,264 857,766 20,189 18,507 1,740 898,201

 36,925 5,382 31,543 1,829 374 362 0 2 10 159 151 34,057 787 1,050 3 35,897

 351,938 58,179 293,759 15,515 7,330 1,883 5,177 72 198 0 -1,147 315,457 5,087 4,670 569 325,783

 40,778 7,199 33,579 1,904 302 297 0 4 0 464 169 36,418 2,328 1,814 283 40,843

 39,184 8,357 30,827 1,654 566 562 0 3 1 615 174 33,836 1,521 1,291 43 36,692

 80,938 13,448 67,490 3,954 1,279 1,180 0 11 88 246 414 73,382 5,189 4,999 16 83,587

 120,696 30,472 90,224 4,339 1,094 1,091 0 3 0 255 352 96,265 1,595 1,425 167 99,452

 82,362 14,042 68,320 3,849 909 907 0 2 0 266 293 73,636 1,290 815 498 76,240

 30,555 3,745 26,809 1,507 405 394 0 0 11 44 151 28,917 182 180 18 29,296

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

H.4.15. Statement of Condition of Each Federal Reserve Bank, August 20, 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 20, 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.

 992,338 198,635 793,703 793,703 11,037 2,200 537,703 242,762 580,288 42,585 537,703