H41: Correction to the average amount outstanding of securities lent under the Term Securities Lending Facility for the week ending September 24, 2008

For release on June 30, 2011 The Board's H.4.1 statistical release ("Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks") for September 25, 2008, overstated the average amount outstanding of securities lent under the Term Securities Lending Facility (TSLF). On September 18, 2008, a set of securities lent under the TSLF was returned to the Federal Reserve, but the return of these securities was not reflected in the reported value for the TSLF until September 24, 2008. As a result, corrections to table 1A, Memorandum Items, have been made to reflect the earlier return of these securities on September 18, 2008. Under the TSLF, the Federal Reserve maintained ownership of securities lent, and the lending of securities did not directly affect the Federal Reserve's assets and liabilities. In table 1A, the weekly average value of the "Term facility" for the week ended Wednesday, September 24, 2008, was corrected from $185,636 million to $174,045 million. Also in table 1A, the weekly average value of "Securities lent to dealers" for the week ended Wednesday, September 24, 2008, was corrected from $204,948 million to $193,357 million.