FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 17, 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

Sep 16, 2015 Sep 9, 2015 Sep 17, 2014

Wednesday

Sep 16, 2015

Reserve Bank credit 4,445,594 + 6,560 + 37,979 4,449,222

Securities held outright1 4,238,401 + 4,674 + 51,855 4,242,157

U.S. Treasury securities 2,461,944 + 2 + 18,246 2,461,944

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,640 0 + 17,715 2,346,640

Notes and bonds, inflation-indexed2 98,534 0 + 346 98,534

Inflation compensation3 16,770 + 2 + 186 16,770

Federal agency debt securities2 35,093 0 - 6,024 35,093

Mortgage-backed securities4 1,741,365 + 4,673 + 39,634 1,745,119

Unamortized premiums on securities held outright5 194,580 - 119 - 15,163 194,636

Unamortized discounts on securities held outright5 -17,183 + 31 + 1,460 -17,167

Repurchase agreements6 0 0 0 0

Loans 254 + 13 - 48 264

Primary credit 6 + 4 + 3 9

Secondary credit 0 0 0 0

Seasonal credit 248 + 9 - 17 255

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

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,703 0 + 39 1,702

Net portfolio holdings of Maiden Lane II LLC9 0 0 - 36 0

Net portfolio holdings of Maiden Lane III LLC9 0 0 - 12 0

Net portfolio holdings of TALF LLC10 0 0 - 44 0

Float -43 - 110 + 573 -70

Central bank liquidity swaps11 144 + 8 + 69 145

Other Federal Reserve assets12 27,737 + 2,063 - 714 27,553

Foreign currency denominated assets13 20,103 + 131 - 2,716 20,093

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding14 47,093 + 14 + 955 47,093

Total factors supplying reserve funds 4,529,032 + 6,706 + 36,220 4,532,649

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

Sep 16, 2015 Sep 9, 2015 Sep 17, 2014

Wednesday

Sep 16, 2015

Currency in circulation14 1,385,144 - 624 + 95,780 1,384,773

Reverse repurchase agreements15 229,578 + 3,527 - 21,233 236,017

Foreign official and international accounts 157,216 - 3,161 + 56,837 153,836

Others 72,362 + 6,688 - 78,069 82,181

Treasury cash holdings 161 0 - 3 144

Deposits with F.R. Banks, other than reserve balances 150,717 + 37,729 + 61,128 202,590

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 117,411 + 31,619 + 50,994 179,990

Foreign official 5,257 - 87 + 11 5,270

Other16 28,049 + 6,197 + 10,123 17,329

Other liabilities and capital17 66,920 + 790 + 2,032 65,361

Total factors, other than reserve balances,

absorbing reserve funds 1,832,520 + 41,422 + 137,704 1,888,885

Reserve balances with Federal Reserve Banks 2,696,511 - 34,717 - 101,485 2,643,764

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

Sep 16, 2015 Sep 9, 2015 Sep 17, 2014

Wednesday

Sep 16, 2015

Securities held in custody for foreign official and international

accounts 3,337,299 + 2,236 - 9,842 3,350,306

Marketable U.S. Treasury securities1 3,008,096 + 3,068 - 13,792 3,021,781

Federal agency debt and mortgage-backed securities2 284,375 - 952 + 1,682 283,564

Other securities3 44,828 + 119 + 2,269 44,961

Securities lent to dealers 13,238 + 702 + 2,993 13,027

Overnight facility4 13,238 + 702 + 2,993 13,027

U.S. Treasury securities 13,190 + 699 + 3,672 12,979

Federal agency debt securities 48 + 3 - 680 48

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, September 16, 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 256 8 0 0 0 ... 264

U.S. Treasury securities1

Holdings 1 327 166,961 1,133,906 522,712 638,038 2,461,944

Weekly changes + 1 0 0 0 0 + 1 + 1

Federal agency debt securities2

Holdings 0 2,149 12,452 18,145 0 2,347 35,093

Weekly changes 0 0 + 2,000 - 2,000 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 151 9,319 1,735,650 1,745,119

Weekly changes 0 0 0 0 - 40 + 8,454 + 8,413

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

Central bank liquidity swaps5 145 0 0 0 0 0 145

Reverse repurchase agreements4 236,017 0 ... ... ... ... 236,017

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 Sep 16, 2015

Mortgage-backed securities held outright1 1,745,119

Commitments to buy mortgage-backed securities2 30,577

Commitments to sell mortgage-backed securities2 850

Cash and cash equivalents3 110

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 Sep 16, 2015

Net portfolio holdings of Maiden Lane LLC1 1,702

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

Sep 16, 2015 Sep 9, 2015 Sep 17, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,901 + 12 - 32

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,419,891 + 8,490 + 41,504

Securities held outright1 4,242,157 + 8,415 + 55,082

U.S. Treasury securities 2,461,944 + 1 + 15,372

Bills2 0 0 0

Notes and bonds, nominal2 2,346,640 0 + 14,837

Notes and bonds, inflation-indexed2 98,534 0 + 346

Inflation compensation3 16,770 + 1 + 189

Federal agency debt securities2 35,093 0 - 4,913

Mortgage-backed securities4 1,745,119 + 8,413 + 44,622

Unamortized premiums on securities held outright5 194,636 + 19 - 15,058

Unamortized discounts on securities held outright5 -17,167 + 38 + 1,533

Repurchase agreements6 0 0 0

Loans 264 + 17 - 53

Net portfolio holdings of Maiden Lane LLC7 1,702 - 1 + 38

Net portfolio holdings of Maiden Lane II LLC8 0 0 0

Net portfolio holdings of Maiden Lane III LLC8 0 0 0

Net portfolio holdings of TALF LLC9 0 0 - 44

Items in process of collection (0) 287 - 124 + 203

Bank premises 2,235 + 1 - 24

Central bank liquidity swaps10 145 + 9 + 70

Foreign currency denominated assets11 20,093 + 172 - 2,697

Other assets12 25,318 + 1,037 - 797

Total assets (0) 4,487,809 + 9,596 + 38,221

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

Sep 16, 2015 Sep 9, 2015 Sep 17, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,339,721 - 2,418 + 94,762

Reverse repurchase agreements13 236,017 + 7,965 - 16,207

Deposits (0) 2,846,354 + 4,044 - 42,445

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,643,764 - 90,886 - 108,144

U.S. Treasury, General Account 179,990 + 103,734 + 56,025

Foreign official 5,270 + 15 + 26

Other14 (0) 17,329 - 8,820 + 9,647

Deferred availability cash items (0) 356 - 106 - 296

Other liabilities and accrued dividends15 7,073 + 111 + 466

Total liabilities (0) 4,429,521 + 9,597 + 36,280

Capital accounts

Capital paid in 29,144 0 + 971

Surplus 29,144 0 + 971

Other capital accounts 0 0 0

Total capital 58,288 0 + 1,941

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, September 16, 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 1,901 48 64 134 134 299 197 274 32 44 152 199 324

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,419,891 112,035 2,653,156 109,923 106,258 240,046 248,902 164,229 46,152 27,014 57,425 142,379 512,370

Securities held outright1 4,242,157 107,537 2,546,618 105,509 101,992 230,407 238,885 157,615 44,239 25,799 55,108 136,654 491,795

U.S. Treasury securities 2,461,944 62,409 1,477,935 61,233 59,191 133,717 138,637 91,472 25,674 14,973 31,982 79,307 285,414

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

Notes and bonds3 2,461,944 62,409 1,477,935 61,233 59,191 133,717 138,637 91,472 25,674 14,973 31,982 79,307 285,414

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 1,745,119 44,238 1,047,616 43,404 41,957 94,784 98,271 64,839 18,199 10,613 22,670 56,216 202,313

Unamortized premiums on securities 

held outright5 194,636 4,934 116,842 4,841 4,680 10,571 10,960 7,232 2,030 1,184 2,528 6,270 22,564

Unamortized discounts on securities 

held outright5 -17,167 -435 -10,305 -427 -413 -932 -967 -638 -179 -104 -223 -553 -1,990

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

Loans 264 0 1 0 0 0 24 21 62 135 12 9 1

Net portfolio holdings of Maiden

Lane LLC7 1,702 0 1,702 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 287 0 0 0 0 0 286 0 0 0 0 0 0

Bank premises 2,235 127 436 73 107 215 208 204 118 93 238 220 196

Central bank liquidity swaps10 145 7 47 8 11 33 8 4 1 1 2 2 21

Foreign currency denominated

assets11 20,093 911 6,478 1,123 1,566 4,610 1,143 540 187 84 211 289 2,950

Other assets12 25,318 675 14,648 637 617 1,525 1,425 950 480 180 365 879 2,936

Interdistrict settlement account 0 - 23,038 - 63,437 + 8,036 + 23,605 + 40,893 - 10,313 + 7,992 + 10,515 + 4,332 + 2,133 + 8,372 - 9,090

Total assets 4,487,809 91,309 2,618,622 120,484 133,040 288,816 244,111 175,351 57,934 32,010 60,967 153,514 511,651

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, September 16, 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 1,525,466 48,778 499,626 50,168 82,939 105,710 212,501 105,479 52,598 26,955 41,368 116,998 182,346

Less: Notes held by F.R. Banks 185,745 6,103 57,861 6,928 10,055 12,883 24,422 11,975 5,052 3,176 4,797 14,850 27,643

Federal Reserve notes, net 1,339,721 42,675 441,765 43,240 72,884 92,828 188,079 93,503 47,546 23,779 36,571 102,148 154,702

Reverse repurchase agreements13 236,017 5,983 141,684 5,870 5,674 12,819 13,291 8,769 2,461 1,435 3,066 7,603 27,362

Deposits 2,846,354 39,826 2,012,444 67,883 49,725 169,344 38,789 71,166 7,213 6,234 20,561 42,647 320,522

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 2,643,764 39,812 1,817,264 67,879 49,722 169,197 38,779 63,981 7,177 6,233 20,560 42,645 320,514

U.S. Treasury, General Account 179,990 0 179,990 0 0 0 0 0 0 0 0 0 0

Foreign official 5,270 2 5,243 2 3 9 2 1 0 0 0 1 6

Other14 17,329 12 9,946 1 0 138 7 7,184 35 0 1 1 2

Deferred availability cash items 356 0 0 0 0 0 192 0 0 164 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 2,112 56 1,235 56 57 135 122 77 21 11 25 65 250

Other liabilities and accrued

dividends 4,961 165 2,292 202 215 536 336 255 126 136 123 186 390

Total liabilities 4,429,521 88,705 2,599,420 117,251 128,556 275,662 240,808 173,771 57,368 31,760 60,347 152,650 503,226

Capital

Capital paid in 29,144 1,302 9,601 1,617 2,242 6,577 1,652 790 283 125 310 432 4,213

Surplus 29,144 1,302 9,601 1,617 2,242 6,577 1,652 790 283 125 310 432 4,213

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

Total liabilities and capital 4,487,809 91,309 2,618,622 120,484 133,040 288,816 244,111 175,351 57,934 32,010 60,967 153,514 511,651

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, September 16, 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 Sep 16, 2015

Federal Reserve notes outstanding 1,525,466

Less: Notes held by F.R. Banks not subject to collateralization 185,745

Federal Reserve notes to be collateralized 1,339,721

Collateral held against Federal Reserve notes 1,339,721

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,323,484

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,242,157

Less: Face value of securities under reverse repurchase agreements 221,127

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 4,021,029

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.