FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 30, 2015

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jul 29, 2015 Jul 22, 2015 Jul 30, 2014

Wednesday

Jul 29, 2015

Reserve Bank credit 4,456,614 - 4,453 + 92,833 4,447,497

Securities held outright1 4,239,745 - 5,077 + 102,707 4,231,429

U.S. Treasury securities 2,461,453 + 131 + 42,618 2,461,502

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,641 0 + 41,313 2,346,641

Notes and bonds, inflation-indexed2 98,534 0 + 1,207 98,534

Inflation compensation3 16,278 + 132 + 98 16,326

Federal agency debt securities2 35,093 - 115 - 7,333 35,093

Mortgage-backed securities4 1,743,198 - 5,095 + 67,421 1,734,834

Unamortized premiums on securities held outright5 197,078 - 562 - 12,143 196,679

Unamortized discounts on securities held outright5 -17,405 + 35 + 1,196 -17,389

Repurchase agreements6 0 0 0 0

Loans 202 + 10 - 43 197

Primary credit 5 + 3 - 6 8

Secondary credit 0 0 0 0

Seasonal credit 196 + 6 - 4 189

Term Asset-Backed Securities Loan Facility7 0 0 - 34 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,698 0 + 44 1,701

Net portfolio holdings of Maiden Lane II LLC9 0 0 - 63 0

Net portfolio holdings of Maiden Lane III LLC9 0 0 - 22 0

Net portfolio holdings of TALF LLC10 0 0 - 60 0

Float -73 + 259 + 485 -36

Central bank liquidity swaps11 359 - 300 + 284 359

Other Federal Reserve assets12 35,011 + 1,183 + 448 34,558

Foreign currency denominated assets13 19,581 + 178 - 4,182 19,583

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 0 5,200

Treasury currency outstanding14 46,995 + 14 + 963 46,995

Total factors supplying reserve funds 4,539,431 - 4,261 + 89,614 4,530,316

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jul 29, 2015 Jul 22, 2015 Jul 30, 2014

Wednesday

Jul 29, 2015

Currency in circulation14 1,370,772 + 976 + 86,942 1,372,718

Reverse repurchase agreements15 241,082 - 24,648 + 33,668 242,511

Foreign official and international accounts 154,835 + 3,897 + 46,947 156,082

Others 86,248 - 28,544 - 13,279 86,429

Treasury cash holdings 97 + 1 - 39 107

Deposits with F.R. Banks, other than reserve balances 237,057 + 26,575 + 151,046 217,098

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 196,825 + 2,053 + 134,490 203,378

Foreign official 5,244 + 1 - 1,327 5,243

Other16 34,988 + 24,522 + 17,883 8,476

Other liabilities and capital17 65,777 - 269 + 2,354 65,051

Total factors, other than reserve balances,

absorbing reserve funds 1,914,786 + 2,636 + 273,972 1,897,486

Reserve balances with Federal Reserve Banks 2,624,646 - 6,897 - 184,358 2,632,830

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; 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. The current face value shown is the remaining principal balance of

the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements.

7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8. Refer to table 4 and the note on consolidation accompanying table 6.

9. 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. Refer to the note on consolidation accompanying table 6.

10. Refer to the note on consolidation accompanying table 6.

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 accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also, includes Reserve Bank

premises and equipment net of allowances for depreciation.

13. Revalued daily at current foreign currency exchange rates.

14. Estimated.

15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

16. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated

financial market utilities.

17. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Jul 29, 2015 Jul 22, 2015 Jul 30, 2014

Wednesday

Jul 29, 2015

Securities held in custody for foreign official and international

accounts 3,327,998 - 12,355 + 18,699 3,351,638

Marketable U.S. Treasury securities1 2,985,860 - 11,292 + 8,267 3,010,708

Federal agency debt and mortgage-backed securities2 297,965 - 983 + 8,799 296,827

Other securities3 44,173 - 80 + 1,633 44,102

Securities lent to dealers 10,889 - 28 + 1,136 10,129

Overnight facility4 10,889 - 28 + 1,136 10,129

U.S. Treasury securities 10,823 - 36 + 2,198 10,064

Federal agency debt securities 66 + 8 - 1,062 65

Note: Components may not sum to totals because of rounding.

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral

to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.

2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the

securities.

3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4. Face value. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 29, 2015

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 year

to 10 years

Over 10

years

All

Loans 163 34 0 0 0 ... 197

U.S. Treasury securities1

Holdings 1 1,288 146,753 1,099,429 569,324 644,707 2,461,502

Weekly changes 0 0 + 5 + 20 + 19 + 87 + 132

Federal agency debt securities2

Holdings 0 947 11,654 20,145 0 2,347 35,093

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 76 9,433 1,725,324 1,734,834

Weekly changes 0 0 0 - 3 - 207 - 14,417 - 14,626

Repurchase agreements4 0 0 ... ... ... ... 0

Central bank liquidity swaps5 359 0 0 0 0 0 359

Reverse repurchase agreements4 242,511 0 ... ... ... ... 242,511

Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.

...Not applicable.

1. 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.

2. Face value.

3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

4. Cash value of agreements.

5. 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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Jul 29, 2015

Mortgage-backed securities held outright1 1,734,834

Commitments to buy mortgage-backed securities2 28,656

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 60

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Jul 29, 2015

Net portfolio holdings of Maiden Lane LLC1 1,701

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 0

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 June 30, 2015. 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 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. The remaining outstanding balances of the senior loan

from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were repaid in full, with interest.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jul 29, 2015 Jul 22, 2015 Jul 30, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,883 - 2 - 34

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,410,915 - 15,280 + 83,259

Securities held outright1 4,231,429 - 14,494 + 94,653

U.S. Treasury securities 2,461,502 + 132 + 41,217

Bills2 0 0 0

Notes and bonds, nominal2 2,346,641 0 + 39,895

Notes and bonds, inflation-indexed2 98,534 0 + 1,207

Inflation compensation3 16,326 + 132 + 114

Federal agency debt securities2 35,093 0 - 7,034

Mortgage-backed securities4 1,734,834 - 14,626 + 60,471

Unamortized premiums on securities held outright5 196,679 - 823 - 12,561

Unamortized discounts on securities held outright5 -17,389 + 39 + 1,226

Repurchase agreements6 0 0 0

Loans 197 0 - 58

Net portfolio holdings of Maiden Lane LLC7 1,701 + 3 + 41

Net portfolio holdings of Maiden Lane II LLC8 0 0 - 63

Net portfolio holdings of Maiden Lane III LLC8 0 0 - 22

Net portfolio holdings of TALF LLC9 0 0 - 60

Items in process of collection (0) 244 + 187 + 169

Bank premises 2,242 + 1 - 30

Central bank liquidity swaps10 359 - 300 + 284

Foreign currency denominated assets11 19,583 + 169 - 4,049

Other assets12 32,315 + 197 - 653

Total assets (0) 4,485,480 - 15,023 + 78,843

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jul 29, 2015 Jul 22, 2015 Jul 30, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,327,709 + 1,995 + 85,735

Reverse repurchase agreements13 242,511 - 23,684 + 13,781

Deposits (0) 2,849,928 + 6,395 - 22,953

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,632,830 - 12,627 - 152,968

U.S. Treasury, General Account 203,378 + 20,175 + 133,255

Foreign official 5,243 0 - 1,322

Other14 (0) 8,476 - 1,154 - 1,919

Deferred availability cash items (0) 280 - 151 - 359

Other liabilities and accrued dividends15 6,751 + 417 + 664

Total liabilities (0) 4,427,179 - 15,028 + 76,868

Capital accounts

Capital paid in 29,150 + 2 + 987

Surplus 29,150 + 2 + 987

Other capital accounts 0 0 0

Total capital 58,300 + 4 + 1,974

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; 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. The current face value shown is the remaining principal balance of the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation accompanying table 6.

8. 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. Refer to the note on consolidation accompanying table 6.

9. Refer to the note on consolidation accompanying table 6.

10. 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.

11. Revalued daily at current foreign currency exchange rates.

12. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

14. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated

financial market utilities.

15. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, July 29, 2015

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 11,037 347 3,709 340 505 783 1,600 734 299 171 288 891 1,370

Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574

Coin 1,883 40 64 131 131 300 192 276 34 44 150 194 327

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,410,915 111,811 2,647,807 109,702 106,044 239,562 248,406 163,890 46,036 26,922 57,305 142,090 511,340

Securities held outright1 4,231,429 107,265 2,540,177 105,243 101,734 229,824 238,281 157,216 44,127 25,734 54,968 136,308 490,552

U.S. Treasury securities 2,461,502 62,398 1,477,669 61,222 59,180 133,693 138,612 91,456 25,670 14,970 31,976 79,293 285,363

Bills2 0 0 0 0 0 0 0 0 0 0 0 0 0

Notes and bonds3 2,461,502 62,398 1,477,669 61,222 59,180 133,693 138,612 91,456 25,670 14,970 31,976 79,293 285,363

Federal agency debt securities2 35,093 890 21,067 873 844 1,906 1,976 1,304 366 213 456 1,130 4,068

Mortgage-backed securities4 1,734,834 43,977 1,041,442 43,148 41,710 94,225 97,692 64,457 18,092 10,551 22,536 55,885 201,120

Unamortized premiums on securities 

held outright5 196,679 4,986 118,069 4,892 4,729 10,682 11,075 7,308 2,051 1,196 2,555 6,336 22,801

Unamortized discounts on securities 

held outright5 -17,389 -441 -10,439 -433 -418 -944 -979 -646 -181 -106 -226 -560 -2,016

Repurchase agreements6 0 0 0 0 0 0 0 0 0 0 0 0 0

Loans 197 2 0 0 0 0 30 13 38 98 8 6 3

Net portfolio holdings of Maiden

Lane LLC7 1,701 0 1,701 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

Lane II LLC8 0 0 0 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Maiden

Lane III LLC8 0 0 0 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF LLC9 0 0 0 0 0 0 0 0 0 0 0 0 0

Items in process of collection 244 0 0 0 0 0 243 0 0 0 0 0 0

Bank premises 2,242 126 437 74 108 215 209 205 119 94 238 220 197

Central bank liquidity swaps10 359 16 116 20 28 82 20 10 3 2 4 5 53

Foreign currency denominated

assets11 19,583 888 6,313 1,094 1,526 4,493 1,114 526 182 82 206 282 2,875

Other assets12 32,315 860 18,878 815 790 1,910 1,833 1,211 426 228 460 1,158 3,747

Interdistrict settlement account 0 + 14,116 - 57,384 + 11,933 + 24,746 + 25,184 - 14,421 + 2,686 + 7,465 + 4,254 + 1,541 + 3,548 - 23,668

Total assets 4,485,480 128,400 2,623,459 124,318 134,116 272,942 239,850 169,963 54,714 31,887 60,346 148,669 496,816

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, July 29, 2015 (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 1,510,354 49,205 491,393 50,305 80,780 104,365 207,365 105,939 50,035 26,831 41,677 118,153 184,305

Less: Notes held by F.R. Banks 182,645 6,120 62,057 5,817 9,426 12,815 23,071 11,268 4,988 2,944 4,804 14,111 25,224

Federal Reserve notes, net 1,327,709 43,085 429,337 44,488 71,354 91,549 184,294 94,671 45,047 23,887 36,873 104,043 159,081

Reverse repurchase agreements13 242,511 6,148 145,582 6,032 5,831 13,172 13,656 9,010 2,529 1,475 3,150 7,812 28,114

Deposits 2,849,928 76,355 2,026,044 70,211 52,198 154,451 38,030 64,381 6,420 5,996 19,564 35,712 300,565

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 0 0 0 0

Other deposits held by depository

institutions 2,632,830 76,348 1,809,246 70,209 52,195 154,225 38,021 64,377 6,384 5,996 19,562 35,710 300,557

U.S. Treasury, General Account 203,378 0 203,378 0 0 0 0 0 0 0 0 0 0

Foreign official 5,243 2 5,216 2 3 9 2 1 0 0 0 1 6

Other14 8,476 4 8,203 0 0 217 7 4 36 0 1 1 3

Deferred availability cash items 280 0 0 0 0 0 150 0 0 131 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 2,036 50 1,191 55 57 134 120 68 20 11 24 63 242

Other liabilities and accrued

dividends 4,715 160 2,238 184 191 491 319 252 127 133 120 177 323

Total liabilities 4,427,179 125,797 2,604,392 120,969 129,630 259,798 236,570 168,383 54,144 31,632 59,731 147,807 488,327

Capital

Capital paid in 29,150 1,302 9,534 1,675 2,243 6,572 1,640 790 285 127 307 431 4,245

Surplus 29,150 1,302 9,534 1,675 2,243 6,572 1,640 790 285 127 307 431 4,245

Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,485,480 128,400 2,623,459 124,318 134,116 272,942 239,850 169,963 54,714 31,887 60,346 148,669 496,816

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, July 29, 2015 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; 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. The current face value shown is the remaining principal balance of the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt

securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation below.

8. 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. Refer to

the note on consolidation below.

9. Refer to the note on consolidation below.

10. 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.

11. Revalued daily at current foreign currency exchange rates.

12. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

14. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.

15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the

Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy,

which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends,

and the amount necessary to equate surplus with capital paid-in.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) 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 June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to Maiden Lane

LLC was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC was repaid in full, with

interest. 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. had written credit default swap contracts. On June 14, 2012, the loan from FRBNY to Maiden Lane III was repaid in full, with interest. 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. On March 1, 2012, the loan from FRBNY to Maiden Lane II was repaid in full, with interest. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to

extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan

extended under the Term Asset-Backed Securities Loan Facility. On January 15, 2013 the FRBNY’s commitment to extend credit to TALF LLC was eliminated.

The FRBNY was the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY was primarily responsible for directing the financial activities of

TALF LLC. The FRBNY was the primary beneficiary of the other LLCs cited above because it received a majority of any residual returns of the LLCs and absorbed a majority of any residual losses of the LLCs.

Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs were 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 were eliminated, the net assets of the LLCs appeared as assets on the previous page (and in

table 1 and table 5), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, were included in other liabilities in this table (and table

1 and table 5).
H.4.1

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday Federal Reserve notes and collateral Jul 29, 2015

Federal Reserve notes outstanding 1,510,354

Less: Notes held by F.R. Banks not subject to collateralization 182,645

Federal Reserve notes to be collateralized 1,327,709

Collateral held against Federal Reserve notes 1,327,709

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,311,472

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,231,429

Less: Face value of securities under reverse repurchase agreements 229,183

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 4,002,246

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 securities lending facility; refer to table 1A.