This is the second part of a study on the cold season process modeling in the North American Land Data Assimilation System (NLDAS). The first part concentrates on the assessment of model simulated snow cover extent. In this second part, the focus is on the evaluation of simulated snow water equivalent (SWE) from the four land surface models (Noah, MOSAIC, SAC and VIC) in the NLDAS. Comparisons are made with observational data from the Natural Resources Conservation Service's Snowpack Telemetry (SNOTEL) network for a 3-year retrospective period at selected sites in the mountainous regions of the western United States. All models show systematic low bias in the maximum annual simulated SWE that is most notable in the Cascade and Sierra Nevada regions where differences can approach 1000 mm. Comparison of NLDAS precipitation forcing with SNOTEL measurements revealed a large bias in the NLDAS annual precipitation which may be lower than the SNOTEL record by up to 2000 mm at certain stations. Experiments with the VIC model indicated that most of the bias in SWE is removed by scaling the precipitation by a regional factor based on the regression of the NLDAS and SNOTEL precipitation. Individual station errors may be reduced further still using precipitation scaled to the local station SNOTEL record. Furthermore, the NLDAS air temperature is shown to be generally colder in winter months and biased warmer in spring and summer when compared to the SNOTEL record, although the level of bias is regionally dependent. Detailed analysis at a selected station indicate that errors in the air temperature forcing may cause the partitioning of precipitation into snowfall and rainfall by the models to be incorrect and thus may explain some of the remaining errors in the simulated SWE.