STATEMENTS OF CONDITION OF THE FEDERAL RESERVE BANK OF NEW YORK (in millions) For release at 4:15 pm Federal Reserve Bank of New York October 2, 2008 October 1, 2008 September 24, 2008 October 3, 2007 ASSETS Gold certificate account 3,935 3,935 4,053 Special Drawing Rights certificate account 874 874 874 Coin 74 73 62 Loans 349,569 263,055 0 Repurchase agreements (1) 29,531 30,598 12,764 Federal agency obligations held outright ( 5,159 3,558 0 U.S. Government securities held outright: Bills 6,555 6,555 96,687 Notes (3) 119,890 119,881 145,461 Bonds (4) 43,134 43,128 40,152 Total Government securities held o 169,579 169,564 282,300 Total loans and securities 553,838 466,775 295,064 Net portfolio holdings of Maiden Lane LLC 29,447 29,407 0 Cash items in process of collection 0 0 52 Bank premises 210 211 217 Other assets (7) 82,069 47,925 11,907 Interdistrict settlement account 147,865 22,560 11,086 TOTAL ASSETS 818,312 571,760 323,315 LIABILITIES Federal Reserve notes 301,962 302,229 292,098 Reverse repurchase agreements (8) 33,111 32,261 12,507 Deposits: Depository Institutions 96,987 44,857 2,121 U.S. Treasury, general account 5,278 5,175 5,645 U.S. Treasury, supplementary financing 344,473 159,806 0 Foreign accounts 107 120 68 Other 31,045 14,554 172 Total deposits 477,890 224,512 8,006 Deferred credit items 0 0 123 Other liabilities and accrued dividends (9 (5,337) 2,091 1,796 TOTAL LIABILITIES 807,626 561,093 314,530 CAPITAL ACCOUNTS Capital paid in 5,162 5,087 4,289 Surplus 4,683 4,678 3,827 Other capital accounts 841 902 669 TOTAL LIABILITIES & CAPITAL ACCOUNTS 818,312 571,760 323,315 1. Cash value of agreements,which are collateralized by U.S. Treasury and federal agency securities. 2. Face value of the securities. 3. Includes $8,503 million of inflation-indexed notes valued at the original face amount and $1,259 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4. Includes $5,668 million of inflation-indexed bonds valued at the original face amount and $1,102 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5. Includes securities loans of $92,390 million that are fully collateralized by other U.S. government securities. 6. Fair value. Refer to the note on consolidation below. 7. Includes assets denominated in foreign currencies, revalued daily at market exchange rates. 8. Cash value of agreements, which are collateralized by U.S. Treasury securities. 9. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments. 10. 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 below. 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 A Information on Principal Accounts of Maiden Lane LLC Millions of dollars Account name Wednesday 1-Oct-08 Net portfolio holdings of Maiden Lane LLC 29,447 Outstanding principal amount of loan exten 28,820 Accrued interest payable to the Federal Re 174 Outstanding principal amount and accrued i 1,171 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 release reflects valuations as of June 30, 2008. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statements of condition consistent with consolidation under generally accepted accounting principles. Refer to the above note on consolidation. 3. Book value. The fair value of these obligations is included in other liabilities and accrued dividends in the statements of condition. For further information on the accounting for the Maiden Lane LLC, see the Board of Governors Release H.4.1.