FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 12, 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

Nov 11, 2015 Nov 4, 2015 Nov 12, 2014

Wednesday

Nov 11, 2015

Reserve Bank credit 4,453,274 + 1,533 + 5,710 4,453,905

Securities held outright1 4,239,981 - 37 + 20,791 4,239,967

U.S. Treasury securities 2,461,732 - 46 + 137 2,461,718

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,639 0 - 74 2,346,639

Notes and bonds, inflation-indexed2 98,534 0 + 65 98,534

Inflation compensation3 16,559 - 45 + 146 16,545

Federal agency debt securities2 34,146 0 - 5,554 34,146

Mortgage-backed securities4 1,744,103 + 8 + 26,207 1,744,103

Unamortized premiums on securities held outright5 191,852 - 370 - 16,693 191,733

Unamortized discounts on securities held outright5 -16,820 + 33 + 1,823 -16,809

Repurchase agreements6 0 0 0 0

Loans 121 - 26 - 13 112

Primary credit 1 - 5 - 16 0

Secondary credit 0 0 0 0

Seasonal credit 119 - 22 + 1 112

Term Asset-Backed Securities Loan Facility7 0 0 0 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,713 0 + 34 1,713

Net portfolio holdings of TALF LLC9 0 0 0 0

Float 146 - 162 + 771 -41

Central bank liquidity swaps10 141 - 2 + 141 141

Other Federal Reserve assets11 36,139 + 2,097 - 1,144 37,088

Foreign currency denominated assets12 19,343 - 404 - 2,328 19,258

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 47,411 + 14 + 1,161 47,411

Total factors supplying reserve funds 4,536,269 + 1,143 + 4,543 4,536,816

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

Nov 11, 2015 Nov 4, 2015 Nov 12, 2014

Wednesday

Nov 11, 2015

Currency in circulation13 1,403,317 + 6,396 + 92,440 1,405,607

Reverse repurchase agreements14 272,970 - 99,215 + 66,596 276,999

Foreign official and international accounts 194,953 - 4,935 + 94,505 193,869

Others 78,018 - 94,279 - 27,908 83,130

Treasury cash holdings 241 + 3 + 44 254

Deposits with F.R. Banks, other than reserve balances 137,491 + 79,723 - 245,035 127,667

Term deposits held by depository institutions 0 0 - 262,102 0

U.S. Treasury, General Account 107,125 + 77,330 - 80 96,449

Foreign official 5,507 + 237 + 258 5,358

Other15 24,859 + 2,156 + 16,888 25,859

Other liabilities and capital16 66,274 + 827 + 2,620 66,949

Total factors, other than reserve balances,

absorbing reserve funds 1,880,293 - 12,267 - 83,335 1,877,477

Reserve balances with Federal Reserve Banks 2,655,976 + 13,410 + 87,877 2,659,338

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. 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. 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.

12. Revalued daily at current foreign currency exchange rates.

13. Estimated.

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

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

financial market utilities.

16. 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

Nov 11, 2015 Nov 4, 2015 Nov 12, 2014

Wednesday

Nov 11, 2015

Securities held in custody for foreign official and international

accounts 3,303,332 + 19,569 - 6,195 3,302,008

Marketable U.S. Treasury securities1 2,982,375 + 19,967 - 660 2,981,198

Federal agency debt and mortgage-backed securities2 274,846 - 467 - 9,958 274,762

Other securities3 46,112 + 70 + 4,423 46,047

Securities lent to dealers 17,167 + 957 + 8,042 16,483

Overnight facility4 17,167 + 957 + 8,042 16,483

U.S. Treasury securities 17,120 + 961 + 8,645 16,434

Federal agency debt securities 47 - 4 - 603 49

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, November 11, 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 32 80 0 0 0 ... 112

U.S. Treasury securities1

Holdings 326 1,912 178,397 1,130,233 512,960 637,889 2,461,718

Weekly changes 0 0 - 2 - 6 - 7 - 28 - 42

Federal agency debt securities2

Holdings 1,202 1,626 12,825 16,146 0 2,347 34,146

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 394 9,277 1,734,432 1,744,103

Weekly changes 0 0 0 0 0 + 1 + 1

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

Central bank liquidity swaps5 141 0 0 0 0 0 141

Reverse repurchase agreements4 276,999 0 ... ... ... ... 276,999

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 Nov 11, 2015

Mortgage-backed securities held outright1 1,744,103

Commitments to buy mortgage-backed securities2 33,995

Commitments to sell mortgage-backed securities2 200

Cash and cash equivalents3 17

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 Nov 11, 2015

Net portfolio holdings of Maiden Lane LLC1 1,713

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 September 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

Nov 11, 2015 Nov 4, 2015 Nov 12, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,885 - 1 + 2

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,415,004 - 360 + 5,883

Securities held outright1 4,239,967 - 41 + 20,770

U.S. Treasury securities 2,461,718 - 42 + 116

Bills2 0 0 0

Notes and bonds, nominal2 2,346,639 0 - 74

Notes and bonds, inflation-indexed2 98,534 0 + 65

Inflation compensation3 16,545 - 42 + 125

Federal agency debt securities2 34,146 0 - 5,554

Mortgage-backed securities4 1,744,103 + 1 + 26,207

Unamortized premiums on securities held outright5 191,733 - 331 - 16,692

Unamortized discounts on securities held outright5 -16,809 + 30 + 1,823

Repurchase agreements6 0 0 0

Loans 112 - 20 - 19

Net portfolio holdings of Maiden Lane LLC7 1,713 0 + 34

Net portfolio holdings of TALF LLC8 0 0 0

Items in process of collection (0) 686 + 234 + 563

Bank premises 2,231 0 - 30

Central bank liquidity swaps9 141 - 2 + 141

Foreign currency denominated assets10 19,258 - 297 - 2,406

Other assets11 34,857 + 2,736 - 1,071

Total assets (0) 4,492,012 + 2,310 + 3,117

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

Nov 11, 2015 Nov 4, 2015 Nov 12, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,360,331 + 4,482 + 91,386

Reverse repurchase agreements12 276,999 - 31,285 + 65,429

Deposits (0) 2,787,005 + 26,862 - 156,842

Term deposits held by depository institutions 0 0 - 262,102

Other deposits held by depository institutions 2,659,338 - 30,513 + 88,642

U.S. Treasury, General Account 96,449 + 52,234 + 1,441

Foreign official 5,358 + 77 + 109

Other13 (0) 25,859 + 5,063 + 15,067

Deferred availability cash items (0) 727 + 352 - 454

Other liabilities and accrued dividends14 8,297 + 1,874 + 1,443

Total liabilities (0) 4,433,360 + 2,285 + 964

Capital accounts

Capital paid in 29,326 + 12 + 1,076

Surplus 29,326 + 12 + 1,076

Other capital accounts 0 0 0

Total capital 58,653 + 26 + 2,154

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. Refer to the note on consolidation accompanying table 6.

9. 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.

10. Revalued daily at current foreign currency exchange rates.

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

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

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

financial market utilities.

14. 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, November 11, 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 1,885 48 72 128 130 299 192 274 31 42 152 194 323

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,415,004 111,915 2,650,312 109,806 106,144 239,789 248,636 164,037 46,044 26,921 57,357 142,223 511,821

Securities held outright1 4,239,967 107,481 2,545,303 105,455 101,939 230,288 238,761 157,534 44,216 25,786 55,079 136,583 491,541

U.S. Treasury securities 2,461,718 62,403 1,477,799 61,227 59,186 133,705 138,624 91,464 25,672 14,971 31,979 79,300 285,388

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

Notes and bonds3 2,461,718 62,403 1,477,799 61,227 59,186 133,705 138,624 91,464 25,672 14,971 31,979 79,300 285,388

Federal agency debt securities2 34,146 866 20,498 849 821 1,855 1,923 1,269 356 208 444 1,100 3,959

Mortgage-backed securities4 1,744,103 44,212 1,047,006 43,379 41,932 94,728 98,214 64,801 18,188 10,607 22,657 56,183 202,195

Unamortized premiums on securities 

held outright5 191,733 4,860 115,100 4,769 4,610 10,414 10,797 7,124 1,999 1,166 2,491 6,176 22,228

Unamortized discounts on securities 

held outright5 -16,809 -426 -10,091 -418 -404 -913 -947 -625 -175 -102 -218 -541 -1,949

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

Loans 112 0 0 0 0 0 24 4 4 71 6 5 0

Net portfolio holdings of Maiden

Lane LLC7 1,713 0 1,713 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF LLC8 0 0 0 0 0 0 0 0 0 0 0 0 0

Items in process of collection 686 0 0 0 0 0 686 0 0 0 0 0 0

Bank premises 2,231 125 437 74 106 213 207 204 118 92 238 220 196

Central bank liquidity swaps9 141 6 45 8 11 32 8 4 1 1 1 2 21

Foreign currency denominated

assets10 19,258 873 6,209 1,076 1,501 4,418 1,096 517 179 81 203 277 2,827

Other assets11 34,857 926 20,435 879 850 2,054 1,983 1,310 451 242 496 1,182 4,049

Interdistrict settlement account 0 - 19,334 - 185,074 + 6,270 + 26,815 + 49,423 + 1,266 + 22,731 + 13,277 + 6,507 + 4,084 + 16,922 + 57,114

Total assets 4,492,012 95,102 2,499,678 118,790 136,300 297,423 256,328 190,234 60,550 34,147 62,972 162,193 578,295

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, November 11, 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 1,538,753 48,840 499,965 49,967 83,629 107,538 217,460 104,238 52,175 27,079 41,150 118,570 188,141

Less: Notes held by F.R. Banks 178,422 5,846 62,473 6,321 8,938 11,770 22,347 10,464 4,672 2,878 4,548 13,356 24,810

Federal Reserve notes, net 1,360,331 42,994 437,492 43,646 74,691 95,768 195,113 93,775 47,503 24,201 36,602 105,214 163,332

Reverse repurchase agreements12 276,999 7,022 166,286 6,889 6,660 15,045 15,598 10,292 2,889 1,685 3,598 8,923 32,113

Deposits 2,787,005 42,240 1,872,232 64,754 50,182 172,801 41,368 84,204 9,406 7,538 21,995 46,891 373,393

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 2,659,338 42,236 1,753,182 64,752 50,178 172,546 41,359 75,910 9,368 7,538 21,994 46,889 373,385

U.S. Treasury, General Account 96,449 0 96,449 0 0 0 0 0 0 0 0 0 0

Foreign official 5,358 2 5,331 2 3 9 2 1 0 0 0 1 6

Other13 25,859 2 17,270 0 0 246 7 8,293 37 0 1 1 2

Deferred availability cash items 727 0 0 0 0 0 416 0 0 312 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury14 3,424 77 2,280 59 44 59 192 137 32 20 40 115 369

Other liabilities and accrued

dividends 4,873 162 2,168 207 229 587 322 248 130 140 124 180 376

Total liabilities 4,433,360 92,495 2,480,459 115,556 131,806 284,261 253,008 188,655 59,959 33,895 62,360 161,324 569,583

Capital

Capital paid in 29,326 1,304 9,609 1,617 2,247 6,581 1,660 790 296 126 306 434 4,356

Surplus 29,326 1,304 9,609 1,617 2,247 6,581 1,660 790 296 126 306 434 4,356

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

Total liabilities and capital 4,492,012 95,102 2,499,678 118,790 136,300 297,423 256,328 190,234 60,550 34,147 62,972 162,193 578,295

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, November 11, 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. Refer to the note on consolidation below.

9. 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.

10. Revalued daily at current foreign currency exchange rates.

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

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

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

14. 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 (ML), 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 ML was

repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. On November 25,

2008, the Federal Reserve Board authorized FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by 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 FRBNY’s commitment to extend credit to TALF LLC was

eliminated.

FRBNY was the primary beneficiary of ML because it received a majority of the residual returns and could have absorbed a majority of any residual losses should they have occurred. FRBNY was the primary

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

generally accepted accounting principles, the assets and liabilities of these LLCs were consolidated with the assets and liabilities of FRBNY in the preparation of the statements of condition shown on this

release. As a consequence of the consolidation, the extensions of credit from 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 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 Nov 11, 2015

Federal Reserve notes outstanding 1,538,753

Less: Notes held by F.R. Banks not subject to collateralization 178,422

Federal Reserve notes to be collateralized 1,360,331

Collateral held against Federal Reserve notes 1,360,331

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,344,094

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,239,967

Less: Face value of securities under reverse repurchase agreements 260,173

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,979,794

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.