FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            January 8, 2009
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                     Jan 7, 2009 Dec 31, 2008  Jan 9, 2008  Jan 7, 2009

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. Treasury (1)                                       475,797   -      164   -  252,385      475,718
      Bills (2)                                              18,423            0   -  196,937       18,423
      Notes and bonds, nominal (2)                          410,491            0   -   60,493      410,491
      Notes and bonds, inflation-indexed (2)                 41,071            0   +    4,160       41,071
      Inflation compensation (3)                              5,811   -      164   +      883        5,732
    Federal agency (2)                                       19,587   -      679   +   19,587       19,258      
  Repurchase agreements (4)                                  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 credit (5)        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 LLC (7)                                334,272   +    1,862   +  334,272      334,409
  Net portfolio holdings of LLCs funded through
    the money market investor funding facility (8)                0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (9)              27,028   +       54   +   27,028       27,061
  Net portfolio holdings of Maiden Lane II LLC (10)          20,071   +       12   +   20,071       19,794
  Net portfolio holdings of Maiden Lane III LLC (11)         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 outstanding (12)                           38,871   +       14   +      190       38,871
       
Total factors supplying reserve funds                     2,229,676   -   68,949   +1,308,575    2,174,509

Note: Components may not sum to totals because of rounding.  Footnotes appear on the following page.


1. Factors Affecting Reserve Balances of Depository Institutions, continued
Millions of dollars
Reserve Bank credit, related items, and                            Averages of daily figures
reserve balances of depository institutions at            Week ended   Change from week ended     Wednesday
Federal Reserve Banks                                     Jan 7, 2009 Dec 31, 2008  Jan 9, 2008  Jan 7, 2009

Currency in circulation (12)                                887,700   -    1,233   +   65,126      884,860
Reverse repurchase agreements (13)                           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 capital (14)                           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
                                                                
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.


1A. Memorandum Items 
Millions of dollars
                                                                   Averages of daily figures
Memorandum item                                           Week ended   Change from week ended     Wednesday
                                                          Jan 7, 2009 Dec 31, 2008  Jan 9, 2008  Jan 7, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             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 facility (2)                                      8,539   +    2,048   -    1,147        6,810
  Term facility (3)                                         161,100   -   12,071   +  161,100      155,850

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.


2. Maturity Distribution of Term Auction Credit, Other Loans, and Securities,    January 7, 2009
Millions of dollars

Remaining maturity                 Within 15  16 days to  91 days to  Over 1 year  Over 5 years  Over 10       All
                                      days     90 days      1 year     to 5 years   to 10 years   years 
Term auction credit                   75,643     308,389         ---          ---           ---        ---     384,031
Other loans (1)                      116,804      22,352            0      39,120           ---        ---     178,277
U.S. Treasury securities (2) 
  Holdings                            16,621      23,469       63,330     173,264        97,280    101,753     475,718
  Weekly changes                  -    2,517  +    2,504            0  -       64    -       45 -       81  -      203
Federal agency securities 
  Holdings                                 0       3,281          976      11,361         3,640          0      19,258
  Weekly changes                  -      450           0            0           0             0          0  -      450
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (3)                         0     334,511            0         ---           ---        ---     334,511
Money market instruments held by
  LLCs funded through the money
  market investor funding
  facility (4)                             0           0            0         ---           ---        ---           0
Repurchase agreements (5)             40,000      20,000          ---         ---           ---        ---      60,000

Reverse repurchase agreements (5)     88,913           0          ---         ---           ---        ---      88,913
  
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.


3. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                     Jan 7, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       27,061

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           28,820
Accrued interest payable to the Federal Reserve Bank of New York (2)                                   270
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        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.



4. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Jan 7, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     19,794

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            19,169
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     33
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     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.


5. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Jan 7, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    26,881

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            24,339
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     52
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     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.


6. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Jan 7, 2009

Commercial paper holdings, net (1)                                                                  333,133
Other investments, net                                                                                1,276
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     334,409

Memorandum: Commercial paper holdings, face value                                                   334,511

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           332,495
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    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. dollar-denominated commercial paper from eligible issuers 
and thereby foster liquidity in short-term funding markets and increase the availability of credit for 
businesses and households.


7. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility 
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Jan 7, 2009

Money market instrument holdings, net (1)                                                                 0
Other investments, net                                                                                    0
Net portfolio holdings of LLCs funded through the money market investor funding facility                  0

Memorandum: Money market instrument holdings, face value                                                  0

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)                 0
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      0
Commercial paper issued by LLCs funded through the money market investor funding facility, 
  net of related discounts                                                                                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.


8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation  Jan 7, 2009     Dec 31, 2008      Jan 9, 2008

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. Treasury (1)                                             475,718       -      203       -  252,485       
      Bills (2)                                                    18,423                0       -  196,937
      Notes and bonds, nominal (2)                                410,491                0       -   60,493
      Notes and bonds, inflation-indexed (2)                       41,071                0       +    4,160
      Inflation compensation (3)                                    5,732       -      204       +      784
    Federal agency (2)                                             19,258       -      450       +   19,258
  Repurchase agreements (4)                                        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 LLC (5)                                        334,409       +      307       +  334,409
Net portfolio holdings of LLCs funded through
  the money market investor funding facility (6)                        0                0                0
Net portfolio holdings of Maiden Lane LLC (7)                      27,061       +       38       +   27,061
Net portfolio holdings of Maiden Lane II LLC (8)                   19,794       -      323       +   19,794
Net portfolio holdings of Maiden Lane III LLC (9)                  26,881       +       96       +   26,881
Items in process of collection                         (510)        1,489       +      510       -    1,158
Bank premises                                                       2,182       -       12       +       50
Other assets (10)                                                 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 agreements (11)                                 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 dividends (12,13)                    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

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 exchange rates. 
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. 


9. Statement of Condition of Each Federal Reserve Bank,    January 7, 2009
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,037        424      3,935        453        423        891      1,221        913        344        199        349        636      1,249
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,704         56         74        138        138        234        216        197         45         55        116        182        254
Securities, repurchase agreements, term
      auction credit, and other loans      1,117,284     56,307    539,931     58,208     31,262    120,223     69,521     54,385     22,779     16,381     26,766     28,585     92,935
  Securities held outright                   494,976     20,761    176,109     21,611     18,769     44,884     49,249     43,686     17,105      9,345     18,174     20,532     54,750
    U.S. Treasury (1)                        475,718     19,953    169,258     20,771     18,039     43,137     47,333     41,987     16,439      8,981     17,467     19,733     52,620
      Bills (2)                               18,423        773      6,555        804        699      1,671      1,833      1,626        637        348        676        764      2,038
      Notes and bonds (3)                    457,295     19,181    162,703     19,966     17,340     41,467     45,500     40,361     15,802      8,633     16,791     18,969     50,582
    Federal agency (2)                        19,258        808      6,852        841        730      1,746      1,916      1,700        665        364        707        799      2,130
  Repurchase agreements (4)                   60,000      2,517     21,348      2,620      2,275      5,441      5,970      5,296      2,073      1,133      2,203      2,489      6,637
  Term auction credit                        384,031     11,650    195,898     33,700      9,940     69,403     13,962      3,574      3,148      5,727      2,980      4,685     29,366     
  Other loans                                178,277     21,379    146,576        277        277        496        341      1,829        453        177      3,409        880      2,183
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (5)             334,409          0    334,409          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of LLCs funded
  through the money market investor
  funding facility (6)                             0          0          0          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden Lane 
  LLC (7)                                     27,061          0     27,061          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (8)                             19,794          0     19,794          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (9)                            26,881          0     26,881          0          0          0          0          0          0          0          0          0          0
Items in process of collection                 1,999         52          0        219        264        106        516        231         15        138         49        163        244
Bank premises                                  2,182        123        210         64        147        228        225        207        130        112        273        250        212
Other assets (10)                            596,504     33,823    150,788     57,835     41,254    158,855     46,268     27,063      6,200     11,469      6,679     12,098     44,171
Interdistrict settlement account                   0  -  17,736  +  62,282  -  60,656  +  15,076  - 109,741  +  22,614  +  35,283  +   7,088  -   9,012  +   4,028  +   7,149  +  43,625

      Total assets                         2,141,053     73,163  1,166,239     56,344     88,668    170,943    140,748    118,491     36,673     19,371     38,327     49,162    182,923

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 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 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.


9. Statement of Condition of Each Federal Reserve Bank,    January 7, 2009 (continued)
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding           1,023,123     38,475    357,980     41,318     46,562     81,116    128,726     83,637     29,371     17,627     30,062     55,491    112,758
  Less: Notes held by F.R. Banks              175,167      5,852     46,479      5,178      7,846     12,286     24,972     13,406      3,722      2,937      3,692     21,329     27,469
    Federal Reserve notes, net                847,956     32,623    311,501     36,141     38,716     68,831    103,754     70,231     25,648     14,690     26,370     34,162     85,289
Reverse repurchase agreements (11)             88,913      3,729     31,635      3,882      3,372      8,063      8,847      7,847      3,073      1,679      3,265      3,688      9,835
Deposits                                    1,133,690     34,886    789,414     10,857     42,633     81,556     24,368     38,314      7,329      2,004      8,008     10,303     84,017
  Depository institutions                     846,140     34,879    502,055     10,852     42,630     81,397     24,365     38,312      7,323      2,003      8,007     10,303     84,014
  U.S. Treasury, general account               62,686          0     62,686          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                         224,416          0    224,416          0          0          0          0          0          0          0          0          0          0
  Foreign official                                194          2        164          4          3         11          3          2          0          1          0          1          3
  Other                                           254          5         93          2          0        149          0          0          5          0          1          0          0
Deferred availability cash items                3,719         89          0        695        708        268        198        407         54        255        154        294        595
Other liabilities and accrued                 
  dividends (12,13)                            24,445        143     22,135        156        166        391        361        283        146         97        109        171        286
   
      Total liabilities                     2,098,723     71,471  1,154,684     51,731     85,596    159,110    137,527    117,083     36,251     18,725     37,906     48,618    180,022
                              
Capital                    
Capital paid in                                21,077        845      5,607      2,315      1,552      5,981      1,612        703        210        324        208        271      1,449
Surplus                                        20,806        822      5,612      2,299      1,487      5,853      1,600        703        210        322        208        271      1,419
Other capital                                     447         26        336          0         34          0          9          1          2          0          4          1         34

      Total liabilities and capital         2,141,053     73,163  1,166,239     56,344     88,668    170,943    140,748    118,491     36,673     19,371     38,327     49,162    182,923
                              
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, 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 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 Federal Reserve Act. On June 26, 2008, 
a loan was 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 Commercial Paper Funding 
Facility LLC, which was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. On November 24, 2008, the Federal Reserve Board authorized the FRBNY 
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility, which were established to purchase short-term U.S. dollar-denominated certificates of 
deposit, bank notes, and commercial paper from 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 which the Financial Products group of the American International Group, Inc. has written credit default swap contracts.  On December 12, 2008, a loan was extended to 
Maiden Lane II LLC, which was formed to purchase residential mortgage-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 accepted accounting principles, 
the assets 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 this release.  As a 
consequence of the 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 table 1 and 
table 8), and the liabilities 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 table (and table 1 and table 8).


10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars

Federal Reserve notes and collateral                                                              Wednesday
                                                                                                 Jan 7, 2009
              
Federal Reserve notes outstanding                                                                1,023,123
  Less: Notes held by F.R. Banks not subject to collateralization                                  175,167
    Federal Reserve notes to be collateralized                                                     847,956 
Collateral held against Federal Reserve notes                                                      847,956
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         2,200
  U.S. Treasury and agency securities pledged (1)                                                  475,259
  Other assets pledged                                                                             359,460

Memo:
Total U.S. Treasury and agency securities (1)                                                      554,976
  Less: Face value of securities under reverse repurchase agreements                                79,717
    U.S. Treasury and agency securities eligible to be pledged                                     475,259
   
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, and cash value of
   repurchase agreements.