---

`For release at
4:30 p.m. EDT
April 2, 2009

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances
of Depository Institutions and Condition Statement of Federal Reserve Banks,"
has been modified to include supplemental information related to Federal
Reserve System purchases of mortgage-backed securities (MBS) guaranteed by
Fannie Mae, Freddie Mac, and Ginnie Mae.  This supplemental information will
be presented in a new table 3, "Supplemental Information on Mortgage-Backed 
Securities Purchase Program."

On November 25, 2008, the Federal Reserve announced a program to purchase MBS
guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  The goal of the program
is to reduce the cost and increase the availability of credit for the purchase 
of houses, which in turn should support mortgage and housing markets and foster
improved conditions in financial markets more generally.  The first line of table
3 presents the current face value of MBS held outright.  This information, which
represents the remaining principal balance of the underlying mortgages, is also 
presented in tables 1, 9, and 10 of the release.  Table 3 also presents 
commitments to buy and sell MBS--that is, purchases and sales of securities that
have not yet settled.  These commitments are related both to outright transactions
as well as dollar rolls.  A dollar roll transaction consists of a purchase (or
sale) of securities combined with an agreement to sell (or purchase) comparable 
securities in the future.  The Federal Reserve's transactions in the dollar roll
market support the MBS purchase program by fostering liquid trading conditions in
MBS financing markets.  Because of occasional principal and interest payments, 
settlement delays, and cancellations of transactions, the Federal Reserve has 
some uninvested cash associated with the MBS purchase program.  Table 3 presents
the cash and cash equivalents related to the program, and this value is included
in "other Federal Reserve assets" in table 1 and in "other assets" in table 9 
and table 10.

FEDERAL RESERVE statistical release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              April 2, 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                                     Apr 1, 2009 Mar 25, 2009  Apr 2, 2008  Apr 1, 2009

Reserve Bank credit                                       2,048,651   -    2,321   +1,173,151    2,059,537
  Securities held outright                                  773,497   +   13,005   +  184,412      782,583       
    U.S. Treasury securities (1)                            486,219   +   11,488   -  102,866      492,330
      Bills (2)                                              18,423            0   -   74,562       18,423
      Notes and bonds, nominal (2)                          424,359   +   11,445   -   28,550      430,454
      Notes and bonds, inflation-indexed (2)                 39,378            0   +      941       39,378
      Inflation compensation (3)                              4,060   +       43   -      695        4,076
    Federal agency debt securities (2)                       50,853   +    2,057   +   50,853       53,616
    Mortgage-backed securities (4)                          236,424   -      540   +  236,424      236,637
  Repurchase agreements (5)                                       0            0   -   77,500            0
  Term auction credit                                       467,278   -    1,311   +  367,278      467,278  
  Other loans                                               135,292   +      952   +   90,153      133,084
    Primary credit                                           59,735   -    3,047   +   52,722       58,037
    Secondary credit                                              0            0            0            1
    Seasonal credit                                               3            0   -        4            3
    Primary dealer and other broker-dealer credit (6)        19,488   -      601   -   18,630       18,300
    Asset-Backed Commercial Paper Money Market
      Mutual Fund Liquidity Facility                          6,650   -      529   +    6,650        6,085
    Credit extended to American International
      Group, Inc. (7)                                        44,712   +    1,098   +   44,712       45,967
    Term Asset-Backed Securities Loan Facility                4,703   +    4,030   +    4,703        4,692
    Other credit extensions                                       0            0            0            0
  Net portfolio holdings of Commercial Paper 
    Funding Facility LLC (8)                                244,297   +    3,495   +  244,297      249,731
  Net portfolio holdings of LLCs funded through
    the Money Market Investor Funding Facility (9)                0            0            0            0
  Net portfolio holdings of Maiden Lane LLC (10)             26,295   +       72   +   26,295       26,336
  Net portfolio holdings of Maiden Lane II LLC (11)          18,458   +       18   +   18,458       18,516
  Net portfolio holdings of Maiden Lane III LLC (12)         27,647   +       16   +   27,647       27,661
  Float                                                      -2,287   -      135   -    1,195       -2,782
  Central bank liquidity swaps (13)                         309,828   -   17,864   +  288,828      308,792
  Other Federal Reserve assets (14)                          48,346   -      568   +    4,479       48,339
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (15)                           38,856   +       14   +      177       38,856
       
Total factors supplying reserve funds                     2,100,748   -    2,307   +1,173,329    2,111,634

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


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                                     Apr 1, 2009 Mar 25, 2009  Apr 2, 2008  Apr 1, 2009

Currency in circulation (15)                                899,198   +      583   +   83,626      901,225
Reverse repurchase agreements (16)                           69,486   +    4,308   +   27,790       67,906
  Foreign official and international accounts                69,486   +    4,308   +   31,612       67,906
  Dealers                                                         0            0   -    3,821            0
Treasury cash holdings                                          311   +        1   -       24          315
Deposits with F.R. Banks, other than reserve balances       269,837   -   17,816   +  257,266      256,882       
  U.S. Treasury, general account                             47,129   -   30,954   +   41,971       37,754
  U.S. Treasury, supplementary financing account            199,934   -        1   +  199,934      199,934
  Foreign official                                            1,110   -      753   +    1,012          846
  Service-related                                             4,430   -       35   -    2,617        4,430
    Required clearing balances                                4,430   -       35   -    2,617        4,430
    Adjustments to compensate for float                           0            0            0            0
  Other                                                      17,235   +   13,928   +   16,967       13,919
Other liabilities and capital (17)                           55,474   -      123   +   10,759       54,809

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                1,294,307   -   13,046   +  379,419    1,281,137

Reserve balances with Federal Reserve Banks                 806,441   +   10,739   +  793,909      830,497
                                                                
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. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is 
   the remaining principal balance of the underlying mortgages.  
5. Cash value of agreements.
6. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain
   other broker-dealers.
7. Excludes credit extended to consolidated LLCs.
8. Refer to table 7 and the note on consolidation accompanying table 10.
9. Refer to table 8 and the note on consolidation accompanying table 10.
10. Refer to table 4 and the note on consolidation accompanying table 10.
11. Refer to table 5 and the note on consolidation accompanying table 10.
12. Refer to table 6 and the note on consolidation accompanying table 10.
13. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when 
    the foreign currency is returned to the foreign central bank.  This exchange rate equals the market exchange 
    rate used when the foreign currency was acquired from the foreign central bank.
14. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities.
17. 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 4 through table 8 and the note on consolidation accompanying table 10.

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
                                                          Apr 1, 2009 Mar 25, 2009  Apr 2, 2008  Apr 1, 2009

Marketable securities held in custody for foreign
      official and international accounts (1)             2,609,329   +   14,605   +  403,238    2,615,016
  U.S. Treasury securities                                1,799,627   +   16,661   +  500,925    1,805,309
  Federal agency securities (2)                             809,703   -    2,055   -   97,687      809,707
Securities lent to dealers                                   90,736   -    2,671   +    5,130       92,838   
  Overnight facility (3)                                      5,086   +    1,944   -   16,235        7,188
  Term facility (4)                                          85,650   -    4,614   +   21,364       85,650

Note: Components may not sum to totals because of rounding.

1. Face value of the securities.  Includes U.S. Treasury STRIPS, other zero-coupon bonds, and mortgage-backed 
   securities at face value.
2. Includes debt and mortgage-backed securities.
3. Fully collateralized by U.S. Treasury securities.
4. 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,      April 1, 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                  117,772     349,506         ---          ---           ---        ---     467,278
Other loans (1)                       75,698       6,727            0      50,659           ---        ---     133,084
U.S. Treasury securities (2) 
  Holdings                            13,077      29,809       61,898     175,762       109,586    102,198     492,330
  Weekly changes                  -    6,209  +    4,584   +      973  +    7,071    +    8,648 +    2,517  +   17,584
Federal agency debt securities (3) 
  Holdings                                 0           0        4,090      36,423        12,898        205      53,616
  Weekly changes                           0           0            0           0    +    3,184 +       39  +    3,223
Mortgage-backed securities (4)    
  Holdings                                 0           0            0           0             0    236,637     236,637
  Weekly changes                           0           0            0           0             0 +      481  +      481
Commercial paper held by
  Commercial Paper Funding 
  Facility LLC (5)                    15,156     233,041            0         ---           ---        ---     248,196
Money market instruments held by
  LLCs funded through the Money
  Market Investor Funding
  Facility (6)                             0           0            0         ---           ---        ---           0
Repurchase agreements (7)                  0           0          ---         ---           ---        ---           0
Central bank liquidity swaps (8)     149,880     158,912            0           0             0          0     308,792

Reverse repurchase agreements (7)     67,906           0          ---         ---           ---        ---      67,906
  
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. Face value.  For inflation-indexed securities, includes the original face value and compensation that adjusts for 
   the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the remaining 
   principal balance of the underlying mortgages.
5. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
6. Face value of money market instruments held by LLCs funded through the Money Market Investor Funding Facility.
7. Cash value of agreements.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign 
   currency is returned to the foreign central bank.  This exchange rate equals the market exchange rate used when the 
   foreign currency was acquired from the foreign central bank.


3. Supplemental Information on Mortgage-Backed Securities Purchase Program
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                     Apr 1, 2009

Mortgage-backed securities held outright (1)                                                       236,637

Commitments to buy mortgage-backed securities (2)                                                  183,901
Commitments to sell mortgage-backed securities (2)                                                 119,750

Cash and cash equivalents (3)                                                                          783

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the
   remaining principal balance of the underlying mortgages.
2. Current face value.  Generally settle within 180 days and include commitments associated with outright
   transactions as well as dollar rolls.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 9 and table 10.


4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
                                                                                                  Wednesday
Account name                                                                                     Apr 1, 2009
         
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,336

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)                                   304
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,202
 
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 31, 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 10.
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 9 and table 10.

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.



5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Apr 1, 2009

Net portfolio holdings of Maiden Lane II LLC (1)                                                     18,516

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            18,543
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     96
Deferred payment and accrued interest payable to subsidiaries of American International 
  Group, Inc. (3)                                                                                     1,011

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 31, 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 10.
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 9 and table 10.

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.


6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Apr 1, 2009

Net portfolio holdings of Maiden Lane III LLC (1)                                                    27,661

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)            24,036
Accrued interest payable to the Federal Reserve Bank of New York (2)                                    133
Outstanding principal amount and accrued interest on loan payable to American International
  Group, Inc. (3)                                                                                     5,066

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 31, 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 10.
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 9 and table 10.

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.


7. Information on Principal Accounts of Commercial Paper Funding Facility LLC
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Apr 1, 2009

Commercial paper holdings, net (1)                                                                  247,112
Other investments, net                                                                                2,620
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     249,731

Memorandum: Commercial paper holdings, face value                                                   248,196

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           246,833
Accrued interest payable to the Federal Reserve Bank of New York (2)                                     88

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 10.

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.


8. Information on Principal Accounts of LLCs Funded through the Money Market Investor Funding Facility 
Millions of dollars
                                                                                                   Wednesday
Account name                                                                                      Apr 1, 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 10.

Note:  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 (MMIFF).  The MMIFF became operational on November 24, 2008.  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.


9. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation  Apr 1, 2009     Mar 25, 2009      Apr 2, 2008

Assets
Gold certificate account                                           11,037                0                0
Special drawing rights certificate account                          2,200                0                0
Coin                                                                1,837       +        5       +      497
Securities, repurchase agreements, term auction
      credit, and other loans                                   1,382,945       +   16,833       +  580,909
  Securities held outright                                        782,583       +   21,288       +  201,343
    U.S. Treasury securities (1)                                  492,330       +   17,584       -   88,910       
      Bills (2)                                                    18,423                0       -   74,562
      Notes and bonds, nominal (2)                                430,454       +   17,540       -   14,596
      Notes and bonds, inflation-indexed (2)                       39,378                0       +      941
      Inflation compensation (3)                                    4,076       +       44       -      693
    Federal agency debt securities (2)                             53,616       +    3,223       +   53,616
    Mortgage-backed securities (4)                                236,637       +      481       +  236,637
  Repurchase agreements (5)                                             0                0       -   76,000    
  Term auction credit                                             467,278       -    1,311       +  367,278
  Other loans                                                     133,084       -    3,143       +   88,288
Net portfolio holdings of Commercial Paper 
  Funding Facility LLC (6)                                        249,731       +    8,420       +  249,731
Net portfolio holdings of LLCs funded through
  the Money Market Investor Funding Facility (7)                        0                0                0
Net portfolio holdings of Maiden Lane LLC (8)                      26,336       +       48       +   26,336
Net portfolio holdings of Maiden Lane II LLC (9)                   18,516       +       67       +   18,516
Net portfolio holdings of 
  Maiden Lane III LLC (10)                                         27,661       +       16       +   27,661
Items in process of collection                         (475)          485       +       17       -    4,248
Bank premises                                                       2,183       -        4       +       38
Central bank liquidity swaps (11)                                 308,792       -   18,986       +  287,792
Other assets (12)                                                  48,692       +      773       +    7,780
     
      Total assets                                     (475)    2,080,415       +    7,188       +1,195,012

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


9. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
                                                 Eliminations                          Change since
                                                     from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital                consolidation  Apr 1, 2009     Mar 25, 2009      Apr 2, 2008
                         
Liabilities
Federal Reserve notes, net of F.R. Bank holdings                  864,517       +    1,423       +   84,957
Reverse repurchase agreements (13)                                 67,906       +    1,479       +   26,845
Deposits                                                 (0)    1,089,916       +    4,656       +1,072,076       
  Depository institutions                                         837,463       +   15,051       +  826,046
  U.S. Treasury, general account                                   37,754       -   18,444       +   31,741
  U.S. Treasury, supplementary financing account                  199,934       -        1       +  199,934
  Foreign official                                                    846       -      741       +      748
  Other                                                  (0)       13,919       +    8,791       +   13,607
Deferred availability cash items                       (475)        3,268       +      407       +        8
Other liabilities and accrued dividends (14)                        9,268       -      134       +    5,532

      Total liabilities                                (475)    2,034,874       +    7,829       +1,189,417
                          
Capital accounts
Capital paid in                                                    22,560       +        4       +    3,012
Surplus                                                            21,156       +        8       +    2,685
Other capital accounts                                              1,824       -      654       -      103

      Total capital                                                45,540       -      642       +    5,594

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. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is 
   the remaining principal balance of the underlying mortgages. 
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation accompanying table 10.
7. Refer to table 8 and the note on consolidation accompanying table 10.
8. Refer to table 4 and the note on consolidation accompanying table 10.
9. Refer to table 5 and the note on consolidation accompanying table 10.
10. Refer to table 6 and the note on consolidation accompanying table 10.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when 
    the foreign currency is returned to the foreign central bank.  This exchange rate equals the market 
    exchange rate used when the foreign currency was acquired from the foreign central bank. 
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates. 
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 4 through table 8 and the note on consolidation accompanying table 10. 


10. Statement of Condition of Each Federal Reserve Bank,      April 1, 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                                           1,837         66         79        158        149        251        212        220         43         63        125        180        290
Securities, repurchase agreements, term
      auction credit, and other loans      1,382,945     62,256    639,301     76,798     40,455    154,960     86,614     77,338     31,390     15,759     31,090     39,077    127,906
  Securities held outright                   782,583     32,824    278,438     34,169     29,675     70,963     77,866     69,070     27,043     14,774     28,735     32,462     86,562
    U.S. Treasury securities (1)             492,330     20,650    175,168     21,496     18,669     44,644     48,986     43,453     17,013      9,295     18,077     20,422     54,457
      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)                    473,907     19,877    168,613     20,691     17,970     42,973     47,153     41,827     16,377      8,947     17,401     19,658     52,419
    Federal agency debt securities (2)        53,616      2,249     19,076      2,341      2,033      4,862      5,335      4,732      1,853      1,012      1,969      2,224      5,931
    Mortgage-backed securities (4)           236,637      9,925     84,194     10,332      8,973     21,458     23,545     20,885      8,177      4,467      8,689      9,816     26,175
  Repurchase agreements (5)                        0          0          0          0          0          0          0          0          0          0          0          0          0
  Term auction credit                        467,278     23,022    238,947     42,573     10,766     83,563      8,483      6,474      4,238        749      2,331      6,275     39,859     
  Other loans                                133,084      6,409    121,916         56         14        434        266      1,793        109        236         25        340      1,486
Net portfolio holdings of Commercial
  Paper Funding Facility LLC (6)             249,731          0    249,731          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of LLCs funded
  through the Money Market Investor
  Funding Facility (7)                             0          0          0          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden Lane 
  LLC (8)                                     26,336          0     26,336          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane II LLC (9)                             18,516          0     18,516          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
  Lane III LLC (10)                           27,661          0     27,661          0          0          0          0          0          0          0          0          0          0
Items in process of collection                   960         58          0        268        180         55       -185        112         36         63         42        214        117
Bank premises                                  2,183        122        209         65        146        233        223        207        133        112        272        249        212
Central bank liquidity swaps (11)            308,792     12,302     83,391     33,734     22,617     87,141     23,485     10,251      3,055      4,727      3,030      3,949     21,111
Other assets (12)                             48,692      2,007     15,105      3,740      2,683      9,088      4,305      2,939      1,105        847      1,155      1,358      4,359
Interdistrict settlement account                   0  +   5,071  -  72,366  -  53,236  +  12,497  -   7,680  +  25,021  +  13,587  -     751  +   1,147  +  17,513  +  17,792  +  41,405

      Total assets                         2,080,889     82,421    992,772     62,064     79,253    245,087    141,063    105,777     35,427     22,947     53,641     63,553    196,884

Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


10. Statement of Condition of Each Federal Reserve Bank,      April 1, 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           1,044,273     37,248    368,057     40,411     45,572     79,207    132,730     87,911     30,013     20,022     29,191     62,922    110,990
  Less: Notes held by F.R. Banks              179,756      5,276     56,443      4,723      7,569     11,820     28,565     13,126      3,670      2,826      3,299     17,378     25,060
    Federal Reserve notes, net                864,517     31,971    311,613     35,688     38,003     67,387    104,165     74,785     26,342     17,196     25,892     45,545     85,929
Reverse repurchase agreements (13)             67,906      2,848     24,161      2,965      2,575      6,158      6,757      5,993      2,347      1,282      2,493      2,817      7,511
Deposits                                    1,089,916     45,490    637,091     17,861     34,860    158,551     26,105     22,749      6,073      3,139     24,520     14,186     99,290
  Depository institutions                     837,463     45,483    384,827     17,856     34,856    158,398     26,100     22,748      6,068      3,138     24,518     14,185     99,285
  U.S. Treasury, general account               37,754          0     37,754          0          0          0          0          0          0          0          0          0          0
  U.S. Treasury, supplementary
    financing account                         199,934          0    199,934          0          0          0          0          0          0          0          0          0          0
  Foreign official                                846          2        816          4          3         11          3          1          0          1          0          1          3
  Other                                        13,919          5     13,760          1          0        142          2          0          5          0          1          0          2
Deferred availability cash items                3,742        126          1        616        474        238        348        383         64        354        173        247        717
Other liabilities and accrued                 
  dividends (14)                                9,268        161      6,714        195        187        497        358        289        154        107        121        169        316
   
      Total liabilities                     2,035,349     80,597    979,581     57,325     76,099    232,831    137,733    104,199     34,980     22,078     53,199     62,964    193,764
                              
Capital                    
Capital paid in                                22,560        909      6,363      2,380      1,587      6,162      1,645        769        217        485        214        286      1,545
Surplus                                        21,156        844      5,687      2,315      1,552      5,981      1,612        704        210        324        208        271      1,449
Other capital                                   1,824         72      1,142         44         15        113         74        106         21         59         21         32        127

      Total liabilities and capital         2,080,889     82,421    992,772     62,064     79,253    245,087    141,063    105,777     35,427     22,947     53,641     63,553    196,884
                              
Note: Components may not sum to totals because of rounding.  Footnotes appear at the end of the table.


10. Statement of Condition of Each Federal Reserve Bank,      April 1, 2009 (continued)

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. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.  Current face value of the securities, which is the remaining principal balance of the underlying mortgages. 
5. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. Refer to table 7 and the note on consolidation below.
7. Refer to table 8 and the note on consolidation below.
8. Refer to table 4 and the note on consolidation below.
9. Refer to table 5 and the note on consolidation below.
10. Refer to table 6 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank.  This 
    exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates.
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 4 through 
    table 8 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 October 21, 2008, the Federal Reserve Board authorized the FRBNY 
to extend credit to a series of LLCs funded through the Money Market Investor Funding Facility.  These LLCs, which became operational on November 24, 2008, 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 9), 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 9).


11. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars

Federal Reserve notes and collateral                                                              Wednesday
                                                                                                 Apr 1, 2009
              
Federal Reserve notes outstanding                                                                1,044,273
  Less: Notes held by F.R. Banks not subject to collateralization                                  179,756
    Federal Reserve notes to be collateralized                                                     864,517 
Collateral held against Federal Reserve notes                                                      864,517
  Gold certificate account                                                                          11,037
  Special drawing rights certificate account                                                         2,200
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                         721,161
  Other assets pledged                                                                             130,119

Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                             782,583
  Less: Face value of securities under reverse repurchase agreements                                61,422
    U.S. Treasury, agency debt, and mortgage-backed securities
    eligible to be pledged                                                                         721,161
   
Note: Components may not sum to totals because of rounding.

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed 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.
2. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
   to table 1A.`

Statistical releases

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