Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  October 30, 2008
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For Release at
4:30 P.M. Eastern time
  October 30, 2008

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 information related to
Commercial Paper Funding Facility LLC (CPFF LLC).  This LLC is a limited liability company that was
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.  

On October 27, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to CPFF LLC under
the authority of section 13(3) of the Federal Reserve Act.
  
Consistent with generally accepted accounting principles, the assets and liabilities of CPFF LLC have
been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements
of condition shown on the release because the FRBNY is the sole beneficiary of CPFF LLC.

The consequences of this consolidation appear on the release in the following ways.  The extension of
credit from the FRBNY to CPFF LLC is eliminated as is the accrued interest on this loan.  The net
portfolio holdings of CPFF LLC appear as an asset on the statement of condition of the FRBNY (table
6), the consolidated statement of condition of all Federal Reserve Banks (table 5), and factors
affecting reserve balances of depository institutions (table 1).  

Information on CPFF LLC is presented separately in a new table 4, "Information on Principal Accounts
of Commercial Paper Funding Facility LLC."  This table presents the net portfolio holdings of CPFF
LLC, which comprises the book value of the commercial paper holdings of CPFF LLC, including amortized
cost and related fees, and other investments of the LLC.  The table also presents the face value of
the commercial paper holdings of CPFF LLC.  In addition, the table presents the outstanding principal
of the loan extended by the FRBNY and accrued interest payable to the FRBNY.


1


FEDERAL RESERVE statistical release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
October 30, 2008
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Oct 29, 2008
Week ended
Oct 29, 2008
Change from week ended
Oct 22, 2008 Oct 31, 2007
                                                              
Reserve Bank credit                                       1,872,948    +   69,648    +1,010,315     1,953,486 
  Securities held outright                                  490,382    -      251    -  289,186       490,089 
    U.S. Treasury (1)                                       476,485    -       43    -  303,083       476,469 
      Bills (2)                                              18,423             0    -  248,596        18,423 
      Notes and bonds, nominal (2)                          410,757             0    -   61,220       410,757 
      Notes and bonds, inflation-indexed (2)                 40,806             0    +    4,888        40,806 
      Inflation compensation (3)                              6,499    -       43    +    1,845         6,484 
    Federal agency (2)                                       13,897    -      208    +   13,897        13,620 
  Repurchase agreements (4)                                  80,000             0    +   38,750        80,000 
  Term auction credit                                       301,363    +   38,271    +  301,363       301,363 
  Other loans                                               388,809    -   29,771    +  388,526       369,763 
    Primary credit                                          111,946    +    6,192    +  111,756       110,737 
    Secondary credit                                              1    +        1    +        1             0 
    Seasonal credit                                              17    -        2    -       76            16 
    Primary dealer and other broker-dealer credit (5)       87,393   -   23,862   +   87,393       79,453 
    Asset-backed commercial paper money market                
      mutual fund liquidity facility                         99,902    -   14,317    +   99,902        96,010 
    Other credit extensions                                  89,549    +    2,217    +   89,549        83,548 
  Net portfolio holdings of Commercial Paper                  
    Funding Facility LLC (6)                                 40,819    +   40,819    +   40,819       144,808 
  Net portfolio holdings of Maiden Lane LLC (7)              26,809    -    2,328    +   26,809        26,848 
  Float                                                      -1,240    -      192    -      510        -1,234 
  Other Federal Reserve assets                              546,006    +   23,100    +  503,744       541,849 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (8)                            38,787    +       14    +       92        38,787 
                                                              
Total factors supplying reserve funds                     1,924,976    +   69,662    +1,010,406     2,005,515 
Note: Components may not sum to totals because of rounding.  Footnotes appear on the following page.
 

 

H.4.1
1. Factors Affecting Reserve Balances of Depository Institutions, continued
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Oct 29, 2008
Week ended
Oct 29, 2008
Change from week ended
Oct 22, 2008 Oct 31, 2007
                                                              
Currency in circulation (8)                                 857,448    +    2,931    +   44,366       860,588 
Reverse repurchase agreements (9)                            94,323    -    3,787    +   56,192        94,655 
  Foreign official and international accounts                69,323    -    3,787    +   31,192        69,655 
  Dealers                                                    25,000             0    +   25,000        25,000 
Treasury cash holdings                                          269    -        7    -       39           272 
Deposits with F.R. Banks, other than reserve balances       667,566    +  112,639    +  655,561       585,724 
  U.S. Treasury, general account                            100,736    +   77,570    +   95,786        19,484 
  U.S. Treasury, supplementary financing account            558,864    +   34,093    +  558,864       558,864 
  Foreign official                                              174    -       80    +        5           187 
  Service-related                                             5,998    -      140    -      587         5,998 
    Required clearing balances                                5,998    -      140    -      587         5,998 
    Adjustments to compensate for float                           0             0             0             0 
  Other                                                       1,794    +    1,196    +    1,493         1,192 
Other liabilities and capital (10)                           44,446    -    1,767    +    2,265        44,298 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                1,664,052    +  110,008    +  758,344     1,585,536 
                                                              
Reserve balances with Federal Reserve Banks                 260,924    -   40,346    +  252,062       419,979 
                                                                
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. Refer to table 4 and the notes on consolidation accompanying table 6.
7. Fair value. Refer to table 3 and the notes on consolidation accompanying table 6.
8. Estimated.
9. Cash value of agreements, which are collateralized by U.S. Treasury securities.
10. Includes the liabilities of Maiden Lane LLC and Commercial Paper Funding Facility LLC to entities
other than the Federal Reserve Bank of New York, including liabilities that have recourse only to
the portfolio holdings of these entities. Refer to tables 3 and 4 and the notes on consolidation
accompanying table 6.
 

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

 

1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Oct 29, 2008
Week ended
Oct 29, 2008
Change from week ended
Oct 22, 2008 Oct 31, 2007
                                                              
Marketable securities held in custody for foreign             
      official and international accounts (1)             2,486,192    +    7,455    +  453,932     2,484,075 
  U.S. Treasury                                           1,571,174    +   15,874    +  339,696     1,574,970 
  Federal agency                                            915,018    -    8,419    +  114,236       909,104 
Securities lent to dealers                                  222,566    -      564    +  214,468       219,019 
  Overnight facility (2)                                     25,067    -      564    +   16,969        21,520 
  Term facility (3)                                         197,499             0    +  197,499       197,499 
 

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, October 29, 2008
Millions of dollars
Remaining maturity
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
 
Term auction credit                 25,000      276,363         ---            ---          ---         ---       301,363
Other loans (1)                    185,095      108,644       10,176        65,848          ---         ---       369,763
U.S. Treasury securities (2)                
  Holdings                          15,320       30,724       61,340       173,435       94,317     101,333       476,469
  Weekly changes                -    3,520   +    3,517            0    -       14   -       10  -       17    -       43
Federal agency securities                   
  Holdings                             651        9,235        3,734             0            0           0        13,620
  Weekly changes                -      219   +      227   -      493             0            0           0    -      485
Commercial paper held by                    
  Commercial Paper Funding                  
  Facility LLC (3)                       0      145,713            0           ---          ---         ---       145,713
Repurchase agreements (4)           40,000       40,000          ---           ---          ---         ---        80,000
                                            
Reverse repurchase agreements       94,655            0          ---           ---          ---         ---        94,655
  
Note: Components may not sum to totals because of rounding.
--- Not applicable.
 

1. Excludes the loans from the Federal Reserve Bank of New York to Maiden Lane LLC and Commercial Paper Funding Facility
LLC that were 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. Face value of commercial paper held by Commercial Paper Funding Facility LLC.
4. Cash value of agreements.
 

 

H.4.1
3. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Oct 29, 2008
                                                                                                
Net portfolio holdings of Maiden Lane LLC (1)                                                       26,848    
                                                                                                
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)                                   214    
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3)        1,176    
 
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.
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 notes on consolidation accompanying table 6.
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 5 and table 6.
 

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 Commercial Paper Funding Facility LLC
Millions of dollars
Account name Wednesday
Oct 29, 2008
                                                                                                
Commercial paper holdings, net (1)                                                                  143,914   
Other investments, net                                                                                  894   
Net portfolio holdings of Commercial Paper Funding Facility LLC                                     144,808   
                                                                                                
Memorandum: Commercial paper holdings, face value                                                   145,713   
                                                                                                
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2)           144,777   
Accrued interest payable to the Federal Reserve Bank of New York (2)                                      6   
 

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
notes on consolidation accompanying table 6.
 

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 that was 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.
 

 

H.4.1
5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change since
Wednesday
Oct 29, 2008
Wednesday
Oct 22, 2008
Wednesday
Oct 31, 2007
Assets                                                   
Gold certificate account                                         11,037                0                   0
Special drawing rights certificate account                        2,200                0                   0
Coin                                                              1,645       +       61          +      394
Securities, repurchase agreements, term auction          
      credit, and other loans                                 1,241,215       -      650          +  413,037
  Securities held outright                                      490,089       -      528          -  289,497
    U.S. Treasury (1)                                           476,469       -       43          -  303,117
      Bills (2)                                                  18,423                0          -  248,596
      Notes and bonds, nominal (2)                              410,757                0          -   60,227
      Notes and bonds, inflation-indexed (2)                     40,806                0          +    3,895
      Inflation compensation (3)                                  6,484       -       42          +    1,812
    Federal agency (2)                                           13,620       -      485          +   13,620
  Repurchase agreements (4)                                      80,000                0          +   31,500
  Term auction credit                                           301,363       +   38,271          +  301,363
  Other loans                                                   369,763       -   38,393          +  369,671
Net portfolio holdings of Commercial Paper               
  Funding Facility LLC (5)                                      144,808       +  144,808          +  144,808
Net portfolio holdings of Maiden Lane LLC (6)                    26,848       +       46          +   26,848
Items in process of collection                       (358)        1,083       +       79          -    1,127
Bank premises                                                     2,174       +        2          +       56
Other assets (7)                                                539,670       +   22,127          +  499,734
                                                         
      Total assets                                   (358)    1,970,680       +  166,472          +1,083,751
                                                         
Liabilities                                              
Federal Reserve notes, net of F.R. Bank holdings                823,713       +    3,817          +   45,558
Reverse repurchase agreements (8)                                94,655       -    1,332          +   56,600
Deposits                                               (0)    1,005,698       +  163,496          +  979,783
  Depository institutions                                       425,972       +  199,069          +  405,252
  U.S. Treasury, general account                                 19,484       -   36,141          +   15,177
  U.S. Treasury, supplementary financing account                558,864       -      123          +  558,864
  Foreign official                                                  187       +       33          -      414
  Other                                                (0)        1,192       +      659          +      905
Deferred availability cash items                     (358)        2,317       -       41          -      638
Other liabilities and accrued dividends (9,10)                    3,879       -       28          -    1,845
                                                         
      Total liabilities                              (358)    1,930,261       +  165,911          +1,079,458
                                                         
Capital accounts                                         
Capital paid in                                                  20,314       -        3          +    2,367
Surplus                                                          18,335       +      639          +    2,880
Other capital accounts                                            1,769       -       76          -      955
                                                         
      Total capital                                              40,418       +      559          +    4,292
 

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 4 and the notes on consolidation accompanying table 6.
6. Fair value. Refer to table 3 and the notes on consolidation accompanying table 6.
7. Includes assets denominated in foreign currencies and any exchange-translation assets, which are
revalued daily at market exchange rates.
8. Cash value of agreements, which are collateralized by U.S. Treasury securities.
9. Includes any exchange-translation liabilities, which are revalued daily at market exchange rates.
10. Includes the liabilities of Maiden Lane LLC and Commercial Paper Funding Facility LLC to entities other
than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio
holdings of these entities. Refer to the notes on consolidation accompanying table 6.
 

 

H.4.1
6. Statement of Condition of Each Federal Reserve Bank, October 29, 2008
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
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                                           1,645          51          76         129         133         220         217         189          47          55         114         183         232 
Securities, repurchase agreements, term                            
      auction credit, and other loans      1,241,215     134,465     587,368      31,515      37,980     136,108      72,479      59,734      22,914      16,023      25,753      27,843      89,034 
  Securities held outright                   490,089      20,556     174,371      21,398      18,584      44,441      48,763      43,255      16,936       9,252      17,995      20,329      54,209 
    U.S. Treasury (1)                        476,469      19,985     169,525      20,803      18,068      43,205      47,408      42,053      16,465       8,995      17,495      19,764      52,703 
      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)                    458,047      19,212     162,970      19,999      17,369      41,535      45,575      40,427      15,828       8,647      16,818      19,000      50,665 
    Federal agency (2)                        13,620         571       4,846         595         516       1,235       1,355       1,202         471         257         500         565       1,507 
  Repurchase agreements (4)                   80,000       3,356      28,464       3,493       3,034       7,254       7,960       7,061       2,765       1,510       2,937       3,318       8,849 
  Term auction credit                        301,363      14,500     140,138       2,505      15,860      69,047      15,515       7,467       3,000       5,060         670       3,506      24,095 
  Other loans                                369,763      96,053     244,396       4,119         502      15,366         241       1,951         214         200       4,150         690       1,881 
Net portfolio holdings of Commercial                               
  Paper Funding Facility LLC (5)             144,808           0     144,808           0           0           0           0           0           0           0           0           0           0 
Net portfolio holdings of Maiden Lane                              
      LLC (6)                                 26,848           0      26,848           0           0           0           0           0           0           0           0           0           0 
Items in process of collection                 1,441          33           0         203         194          93         279          27           9         131          82         109         279 
Bank premises                                  2,174         122         211          64         150         217         226         207         130         111         275         252         210 
Other assets (7)                             539,670      30,171     142,881      51,363      36,712     141,202      41,228      24,153       5,561      10,215       5,987      10,809      39,390 
Interdistrict settlement account                   0   -  79,469   + 268,914   -  31,948   -  20,558   - 114,218   -   4,767   +   1,416   +   3,771   -   8,544   +   4,924   +   1,270   -  20,790 
                                                                   
      Total assets                         1,971,038      85,912   1,175,914      51,862      55,139     164,659     111,048      86,851      32,847      18,220      37,549      41,199     109,838 
 

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 4 and the notes on consolidation below.
6. Fair value. Refer to the notes on consolidation below.
7. Includes assets denominated in foreign currencies and any exchange-translation assets, which are revalued daily at market exchange rates.
 

Notes on consolidation:
On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan under the authority of section 13(3) of the Federal Reserve Act to Maiden Lane LLC, a limited liability company
formed to acquire certain assets of Bear Stearns. The FRBNY is the primary beneficiary of Maiden Lane LLC. Consistent with generally accepted accounting principles, the assets and
liabilities of Maiden Lane LLC 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 extension of credit from the FRBNY to Maiden Lane LLC is eliminated, the net assets of Maiden Lane LLC appear as an asset in this table (and table 1 and table 5),
and the liabilities of Maiden Lane LLC to entities other than the FRBNY, including those with recourse only to the portfolio holdings of Maiden Lane LLC, are included in other liabilities on
the next page (and in table 1 and table 5).
 

On October 27, 2008, the Federal Reserve Bank of New York (FRBNY) began extending loans under the authority of section 13(3) of the Federal Reserve Act to Commercial Paper Funding
Facility LLC (CPFF LLC). This LLC is a limited liability company that was formed to purchase three-month U.S. dollar-denominated commercial paper from eligible issuers. The FRBNY is
the sole beneficiary of CPFF LLC. Consistent with generally accepted accounting principles, the assets and liabilities of CPFF LLC 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 extension of credit from the FRBNY to CPFF LLC is
eliminated; the net assets of CPFF LLC appear as an asset in this table (and table 1 and table 5), and the liabilities of CPFF LLC to entities other than the FRBNY are included in other
liabilities on the next page (and table 1 and table 5).
 

 

6. Statement of Condition of Each Federal Reserve Bank, October 29, 2008 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Liabilities                                                         
Federal Reserve notes outstanding             996,782      38,468     351,224      42,398      44,935      82,232     120,284      80,137      29,703      17,383      30,429      54,578     105,010 
  Less: Notes held by F.R. Banks              173,069       5,626      41,278       6,032       7,914      11,679      28,642      13,040       3,402       2,731       3,425      23,131      26,168 
    Federal Reserve notes, net                823,713      32,842     309,946      36,366      37,021      70,554      91,642      67,097      26,301      14,652      27,003      31,447      78,842 
Reverse repurchase agreements (8)              94,655       3,970      33,678       4,133       3,589       8,583       9,418       8,354       3,271       1,787       3,476       3,926      10,470 
Deposits                                    1,005,698      46,959     821,463       5,997      10,807      73,539       6,066       9,347       2,717         760       6,404       4,747      16,890 
  Depository institutions                     425,972      46,929     241,944       5,993      10,803      73,408       6,063       9,344       2,692         760       6,402       4,746      16,887 
  U.S. Treasury, general account               19,484           0      19,484           0           0           0           0           0           0           0           0           0           0 
  U.S. Treasury, supplementary                                      
    financing account                         558,864           0     558,864           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                187           2         157           4           3          11           3           2           0           1           0           1           3 
  Other                                         1,192          28       1,015           0           1         121           0           0          24           0           1           1           0 
Deferred availability cash items                2,675          50           0         492         428         291         244         195          24         219         104         240         388 
Other liabilities and accrued                                                 
  dividends (9,10)                              3,879         167       1,168         205         200         523         397         305         153         108         130         180         343 
                                                                    
      Total liabilities                     1,930,620      83,988   1,166,255      47,192      52,046     153,490     107,768      85,297      32,466      17,527      37,117      40,541     106,933 
                                                                    
Capital                                                             
Capital paid in                                20,314         784       5,162       2,331       1,525       5,832       1,602         685         182         323         206         268       1,413 
Surplus                                        18,335       1,050       4,497       1,814       1,291       4,999       1,426         816         180         355         193         364       1,351 
Other capital                                   1,769          89           0         524         278         337         253          53          19          15          33          26         141 
                                                                    
      Total liabilities and capital         1,971,038      85,912   1,175,914      51,862      55,139     164,659     111,048      86,851      32,847      18,220      37,549      41,199     109,838 
                              
Note: Components may not sum to totals because of rounding.
 

8. Cash value of agreements, which are collateralized by U.S. Treasury securities.
9. Includes any exchange-translation liabilities, which are revalued daily at market exchange rates.
10. Includes the liabilities of Maiden Lane LLC and Commercial Paper Funding Facility LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have
recourse only to the portfolio holdings of these entities. Refer to the notes on consolidation on the previous page.
 

 

H.4.1
7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Oct 29, 2008
                                                                                            
Federal Reserve notes outstanding                                                                996,782 
  Less: Notes held by F.R. Banks not subject to collateralization                                173,069 
    Federal Reserve notes to be collateralized                                                   823,713 
Collateral held against Federal Reserve notes                                                    823,713 
  Gold certificate account                                                                        11,037 
  Special drawing rights certificate account                                                       2,200 
  U.S. Treasury and agency securities pledged (1)                                                480,457 
  Other assets pledged                                                                           330,019 
                                                                                            
Memo:                                                                                       
Total U.S. Treasury and agency securities (1)                                                    570,089 
  Less: Face value of securities under reverse repurchase agreements                              89,632 
    U.S. Treasury and agency securities eligible to be pledged                                   480,457 
   
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.

Release dates
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