Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 889,150 - 3,633 + 38,892 882,522

Securities held outright 479,291 + 117 - 311,523 479,330

U.S. Treasury1 479,291 + 117 - 311,523 479,330

Bills2 21,740 0 - 255,279 21,740

Notes and bonds, nominal2 411,731 - 661 - 61,647 411,731

Notes and bonds, inflation-indexed2 39,832 + 661 + 4,079 39,832

Inflation compensation3 5,988 + 117 + 1,324 6,027

Federal agency2 0 0 0 0

Repurchase agreements4 110,500 - 3,214 + 91,929 104,750

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

Other loans 17,463 - 181 + 17,212 17,504

Primary credit 17,370 - 82 + 17,369 17,407

Secondary credit 0 - 89 0 0

Seasonal credit 93 - 8 - 156 97

Primary dealer credit facility 0 - 3 0 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC5 29,105 + 40 + 29,105 29,139

Float -1,180 + 141 - 282 -1,656

Other Federal Reserve assets 103,971 - 536 + 62,450 103,455

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding6 38,747 + 14 + 195 38,747

Total factors supplying reserve funds 941,138 - 3,619 + 39,087 934,510

Currency in circulation6 831,567 + 951 + 18,556 832,922

Reverse repurchase agreements7 43,790 + 254 + 12,143 43,198

Foreign official and international accounts 43,790 + 254 + 12,143 43,198

Dealers 0 0 0 0

Treasury cash holdings 315 + 2 + 70 298

Deposits with F.R. Banks, other than reserve balances 12,363 - 415 + 403 12,222

U.S. Treasury, general account 4,880 - 214 - 118 4,798

Foreign official 115 + 14 + 21 101

Service-related 7,019 - 242 + 457 7,019

Required clearing balances 7,019 - 242 + 457 7,019

Adjustments to compensate for float 0 0 0 0

Other 348 + 26 + 42 303

Other liabilities and capital8 42,813 - 25 + 2,776 42,027

Total factors, other than reserve balances,

absorbing reserve funds 930,848 + 767 + 33,948 930,667

Reserve balances with Federal Reserve Banks 10,290 - 4,386 + 5,139 3,842

FEDERAL RESERVE statistical release

 August 7, 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 6, 2008 Week ended

 Aug 6, 2008 Jul 30, 2008 Aug 8, 2007
Wednesday

 Aug 6, 2008

Holdings

 U.S. Treasury

securities2

Marketable securities held in custody for foreign

 official and international accounts1 2,395,684 + 28,010 + 389,258 2,400,849

U.S. Treasury 1,418,843 + 34,425 + 171,024 1,420,203

Federal agency 976,842 - 6,414 + 218,235 980,646

Securities lent to dealers 132,859 + 6,206 + 129,372 132,790

Overnight facility2 7,997 + 3,121 + 4,510 7,642

Term facility3 124,862 + 3,085 + 124,862 125,148

H.4.1

1A. Memorandum Items, August 6, 2008

Millions of dollars

Averages of daily figures

Week ended

 Aug 6, 2008

Change from week ended Wednesday

 Aug 6, 2008

 Jul 30, 2008 Aug 8, 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 6, 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

 3,338

 14,166

 0

 ...

 ...

 ...

 17,504

 19,040

 27,921

 69,497

 175,563

 89,886

 97,424

 479,330

 + 4,493

 - 8,046

 + 52

 + 2,880

 + 21

 + 725

 + 124

 64,750

 40,000

 ...

 ...

 ...

 ...

 104,750

 43,198

 0

 ...

 ...

 ...

 ...

 43,198

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

 29,139

 28,820

 74

 1,159

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 1,379 - 7 + 317

Securities, repurchase agreements, term auction

credit, and other loans 751,584 - 18,249 - 58,241

Securities held outright 479,330 + 124 - 311,490

U.S. Treasury1 479,330 + 124 - 311,490

Bills2 21,740 0 - 255,279

Notes and bonds, nominal2 411,731 - 661 - 61,647

Notes and bonds, inflation-indexed2 39,832 + 661 + 4,079

Inflation compensation3 6,027 + 124 + 1,357

Federal agency2 0 0 0

Repurchase agreements4 104,750 - 18,500 + 86,000

Term auction credit 150,000 0 + 150,000

Other loans 17,504 + 127 + 17,249

Net portfolio holdings of Maiden Lane LLC5 29,139 + 40 + 29,139

Items in process of collection (1,164) 2,514 + 1,709 - 613

Bank premises 2,160 - 1 + 97

Other assets6 101,295 - 730 + 61,301

Total assets (1,164) 901,307 - 17,239 + 31,998

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 795,848 + 285 + 18,498

Reverse repurchase agreements7 43,198 - 1,265 + 13,066

Deposits (0) 16,065 - 17,352 - 2,429

Depository institutions 10,862 - 17,850 - 2,594

U.S. Treasury, general account 4,798 + 527 + 128

Foreign official 101 0 + 7

Other (0) 303 - 30 + 29

Deferred availability cash items (1,164) 4,169 + 1,433 + 419

Other liabilities and accrued dividends8,9 1,712 - 273 - 4,193

Total liabilities (1,164) 860,992 - 17,171 + 25,361

Capital accounts

Capital paid in 19,937 0 + 3,277

Surplus 18,502 + 1 + 3,090

Other capital accounts 1,875 - 71 + 268

Total capital 40,315 - 68 + 6,637

H.4.1

4. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Aug 8, 2007

Eliminations from

consolidation Wednesday

 Aug 6, 2008

Wednesday

 Jul 30, 2008

Assets, liabilities, and capital
    11, 9, 9,  8,  1,      1, + 2, 17,

 344 71 52 22,822 16,564 16,564 751 15,813 0 3,620 2,475 163 0 43 126 1,390 + 4,620 29,468

 913 212 165 55,596 42,305 42,305 1,919 40,387 0 9,245 2,850 1,195 0 235 208 5,062 +14,623 77,014

 1,221 166 170 64,749 47,692 47,692 2,163 45,529 0 10,422 6,360 274 0 485 226 8,054 +24,447 99,518

 891 147 172 64,132 43,465 43,465 1,971 41,493 0 9,499 11,077 92 0 226 208 24,393 - 6,285 83,885

 423 104 119 33,522 18,176 18,176 824 17,352 0 3,972 10,910 464 0 610 150 6,546 - 3,667 37,807

 424 115 39 27,699 20,105 20,105 912 19,193 0 4,394 3,200 0 0 140 120 5,458 + 2,493 36,488

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 1,379 751,584 479,330 479,330 21,740 457,590 0 104,750 150,000 17,504 29,139 3,678 2,160 101,295 0 902,471

 453 83 97 28,412 20,928 20,928 949 19,979 0 4,574 2,895 15 0 550 65 8,989 + 2,455 41,103

 3,935 874 62 306,864 170,543 170,543 7,735 162,808 0 37,269 87,052 12,000 29,139 0 212 27,808 -43,732 325,162

H.4.15. Statement of Condition of Each Federal Reserve Bank, August 6, 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.

 991,468 195,620 795,848 43,198 16,065 10,862 4,798 101 303 5,333 1,712 862,156 19,937 18,502 1,875 902,471

 37,034 5,006 32,028 1,812 388 384 0 2 2 275 146 34,649 787 1,050 2 36,488

 351,867 59,760 292,107 15,370 8,014 2,958 4,798 71 186 0 -632 314,859 5,065 4,665 572 325,162

 40,483 7,123 33,360 1,886 335 330 0 4 0 905 161 36,647 2,335 1,814 308 41,103

 38,602 7,068 31,534 1,638 834 831 0 3 0 957 166 35,129 1,341 1,291 46 37,807

 80,400 12,880 67,520 3,917 1,332 1,231 0 11 90 412 407 73,588 5,189 4,999 109 83,885

 120,931 30,658 90,273 4,298 993 990 0 3 0 437 353 96,354 1,561 1,425 177 99,518

 82,407 13,333 69,075 3,813 814 811 0 2 1 433 281 74,416 1,281 815 501 77,014

 30,569 3,520 27,049 1,493 323 310 0 0 13 92 131 29,088 182 180 19 29,468

 17,8 2,8 14,9 8 2 2    2 1 16,4 3 3  17,1

H.4.15. Statement of Condition of Each Federal Reserve Bank, August 6, 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 6, 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.

 991,468 195,620 795,848 795,848 11,037 2,200 541,515 241,096 584,080 42,564 541,515