FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks April 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

Apr 29, 2015 Apr 22, 2015 Apr 30, 2014

Wednesday

Apr 29, 2015

Reserve Bank credit 4,444,217 - 3,154 + 193,695 4,432,854

Securities held outright1 4,225,247 - 3,791 + 201,361 4,214,779

U.S. Treasury securities 2,459,992 + 114 + 113,984 2,460,034

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,709 0 + 110,549 2,346,709

Notes and bonds, inflation-indexed2 98,468 0 + 3,079 98,468

Inflation compensation3 14,816 + 115 + 357 14,858

Federal agency debt securities2 35,895 0 - 9,070 35,895

Mortgage-backed securities4 1,729,360 - 3,905 + 96,448 1,718,850

Unamortized premiums on securities held outright5 201,312 - 494 - 8,544 200,860

Unamortized discounts on securities held outright5 -17,827 + 35 - 176 -17,811

Repurchase agreements6 0 0 0 0

Loans 67 + 21 - 94 61

Primary credit 33 + 20 - 26 19

Secondary credit 0 0 0 0

Seasonal credit 35 + 2 + 14 42

Term Asset-Backed Securities Loan Facility7 0 0 - 81 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,693 - 1 + 98 1,689

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 - 92 0

Float -470 - 15 + 109 -490

Central bank liquidity swaps11 0 0 - 300 0

Other Federal Reserve assets12 34,194 + 1,091 + 1,416 33,766

Foreign currency denominated assets13 19,770 + 193 - 4,398 20,057

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding14 46,680 + 14 + 866 46,680

Total factors supplying reserve funds 4,526,909 - 2,945 + 190,163 4,515,833

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

Apr 29, 2015 Apr 22, 2015 Apr 30, 2014

Wednesday

Apr 29, 2015

Currency in circulation14 1,358,817 - 885 + 88,178 1,360,637

Reverse repurchase agreements15 242,826 - 17,342 - 42,805 249,887

Foreign official and international accounts 157,581 + 1,528 + 46,910 157,663

Others 85,245 - 18,870 - 89,715 92,224

Treasury cash holdings 223 - 9 - 13 229

Deposits with F.R. Banks, other than reserve balances 264,847 + 100,391 + 157,665 258,650

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 219,702 + 69,674 + 135,576 245,426

Foreign official 5,237 - 1 - 2,549 5,233

Other16 39,908 + 30,719 + 24,639 7,992

Other liabilities and capital17 66,418 + 169 + 2,778 65,362

Total factors, other than reserve balances,

absorbing reserve funds 1,933,131 + 82,324 + 205,802 1,934,765

Reserve balances with Federal Reserve Banks 2,593,777 - 85,270 - 15,641 2,581,067

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

Apr 29, 2015 Apr 22, 2015 Apr 30, 2014

Wednesday

Apr 29, 2015

Securities held in custody for foreign official and international

accounts 3,288,587 - 52 + 9,390 3,293,771

Marketable U.S. Treasury securities1 2,961,368 - 2,670 + 17,190 2,966,134

Federal agency debt and mortgage-backed securities2 283,810 + 3,039 - 9,356 284,135

Other securities3 43,409 - 421 + 1,556 43,502

Securities lent to dealers 8,784 - 808 - 2,110 10,396

Overnight facility4 8,784 - 808 - 2,110 10,396

U.S. Treasury securities 8,506 - 777 - 1,401 10,126

Federal agency debt securities 278 - 32 - 709 270

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, April 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 60 1 0 0 0 ... 61

U.S. Treasury securities1

Holdings 450 1,449 64,212 1,112,544 638,005 643,374 2,460,034

Weekly changes 0 0 + 1 + 16 + 22 + 75 + 114

Federal agency debt securities2

Holdings 0 802 7,997 24,749 0 2,347 35,895

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 19 8,793 1,710,038 1,718,850

Weekly changes 0 0 0 - 1 - 176 - 18,043 - 18,220

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

Central bank liquidity swaps5 0 0 0 0 0 0 0

Reverse repurchase agreements4 249,887 0 ... ... ... ... 249,887

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 Apr 29, 2015

Mortgage-backed securities held outright1 1,718,850

Commitments to buy mortgage-backed securities2 41,484

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 36

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 Apr 29, 2015

Net portfolio holdings of Maiden Lane LLC1 1,689

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 March 31, 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

Apr 29, 2015 Apr 22, 2015 Apr 30, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,801 - 8 - 96

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,397,889 - 18,983 + 178,612

Securities held outright1 4,214,779 - 18,106 + 187,667

U.S. Treasury securities 2,460,034 + 114 + 109,762

Bills2 0 0 0

Notes and bonds, nominal2 2,346,709 0 + 106,320

Notes and bonds, inflation-indexed2 98,468 0 + 3,079

Inflation compensation3 14,858 + 115 + 364

Federal agency debt securities2 35,895 0 - 9,070

Mortgage-backed securities4 1,718,850 - 18,220 + 86,975

Unamortized premiums on securities held outright5 200,860 - 915 - 8,887

Unamortized discounts on securities held outright5 -17,811 + 39 - 108

Repurchase agreements6 0 0 0

Loans 61 0 - 60

Net portfolio holdings of Maiden Lane LLC7 1,689 - 5 + 35

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 - 92

Items in process of collection (0) 59 - 21 - 33

Bank premises 2,244 - 1 - 30

Central bank liquidity swaps10 0 0 - 300

Foreign currency denominated assets11 20,057 + 557 - 4,168

Other assets12 31,522 + 263 + 1,605

Total assets (0) 4,471,499 - 18,196 + 175,450

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

Apr 29, 2015 Apr 22, 2015 Apr 30, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,315,983 + 945 + 87,275

Reverse repurchase agreements13 249,887 - 25,503 - 75,611

Deposits (0) 2,839,718 + 7,379 + 161,453

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,581,067 - 36,313 + 66,629

U.S. Treasury, General Account 245,426 + 44,353 + 97,083

Foreign official 5,233 + 2 - 2,593

Other14 (0) 7,992 - 664 + 333

Deferred availability cash items (0) 549 - 5 - 314

Other liabilities and accrued dividends15 7,661 - 1,012 + 1,073

Total liabilities (0) 4,413,797 - 18,196 + 173,875

Capital accounts

Capital paid in 28,851 0 + 787

Surplus 28,851 0 + 787

Other capital accounts 0 0 0

Total capital 57,702 0 + 1,575

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, April 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 1,801 38 70 124 119 293 187 268 23 46 148 177 310

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,397,889 111,488 2,640,074 109,383 105,734 238,867 247,660 163,406 45,863 26,767 57,136 141,669 509,843

Securities held outright1 4,214,779 106,843 2,530,183 104,829 101,333 228,920 237,343 156,598 43,954 25,633 54,752 135,772 488,621

U.S. Treasury securities 2,460,034 62,361 1,476,788 61,185 59,145 133,613 138,530 91,401 25,654 14,961 31,957 79,246 285,193

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

Notes and bonds3 2,460,034 62,361 1,476,788 61,185 59,145 133,613 138,530 91,401 25,654 14,961 31,957 79,246 285,193

Federal agency debt securities2 35,895 910 21,548 893 863 1,950 2,021 1,334 374 218 466 1,156 4,161

Mortgage-backed securities4 1,718,850 43,572 1,031,846 42,751 41,325 93,357 96,792 63,863 17,925 10,453 22,329 55,370 199,267

Unamortized premiums on securities 

held outright5 200,860 5,092 120,578 4,996 4,829 10,909 11,311 7,463 2,095 1,222 2,609 6,470 23,286

Unamortized discounts on securities 

held outright5 -17,811 -451 -10,692 -443 -428 -967 -1,003 -662 -186 -108 -231 -574 -2,065

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

Loans 61 5 5 2 0 5 9 8 0 21 5 0 1

Net portfolio holdings of Maiden

Lane LLC7 1,689 0 1,689 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 59 0 0 0 0 0 59 0 0 0 0 0 0

Bank premises 2,244 122 433 74 109 217 210 203 120 95 240 221 199

Central bank liquidity swaps10 0 0 0 0 0 0 0 0 0 0 0 0 0

Foreign currency denominated

assets11 20,057 909 6,467 1,121 1,563 4,602 1,141 539 187 84 211 289 2,945

Other assets12 31,522 837 18,368 795 771 1,911 1,794 1,181 412 223 446 1,132 3,652

Interdistrict settlement account 0 + 16,804 - 33,988 + 2,203 + 13,823 + 5,713 - 13,906 + 1,616 + 3,483 + 5,049 + 4,126 + 5,066 - 9,989

Total assets 4,471,499 130,741 2,638,639 114,249 122,862 252,798 239,399 168,371 50,536 32,525 62,748 149,727 508,903

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, April 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 1,498,457 50,537 475,834 50,648 77,473 104,049 209,647 106,553 44,741 26,786 42,019 120,803 189,366

Less: Notes held by F.R. Banks 182,474 5,466 60,019 5,608 9,654 12,650 23,824 11,764 5,145 3,033 5,161 14,365 25,787

Federal Reserve notes, net 1,315,983 45,071 415,815 45,041 67,819 91,399 185,823 94,789 39,596 23,753 36,859 106,439 163,580

Reverse repurchase agreements13 249,887 6,334 150,010 6,215 6,008 13,572 14,072 9,284 2,606 1,520 3,246 8,050 28,969

Deposits 2,839,718 76,509 2,050,279 59,491 44,247 133,872 35,431 62,381 7,642 6,630 21,891 34,140 307,205

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 2,581,067 76,505 1,791,885 59,466 44,244 133,675 35,422 62,378 7,641 6,630 21,889 34,138 307,195

U.S. Treasury, General Account 245,426 0 245,426 0 0 0 0 0 0 0 0 0 0

Foreign official 5,233 2 5,205 2 3 9 2 1 0 0 0 1 6

Other14 7,992 3 7,763 23 0 188 7 2 0 0 1 2 4

Deferred availability cash items 549 0 0 0 0 0 327 0 0 222 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 2,259 60 1,227 74 84 206 134 72 18 12 27 63 281

Other liabilities and accrued

dividends 5,402 174 2,596 207 225 612 344 268 126 133 120 188 409

Total liabilities 4,413,797 128,149 2,619,928 111,029 118,384 239,661 236,131 166,794 49,987 32,270 62,143 148,879 500,443

Capital

Capital paid in 28,851 1,296 9,356 1,610 2,239 6,569 1,634 788 275 128 302 424 4,230

Surplus 28,851 1,296 9,356 1,610 2,239 6,569 1,634 788 275 128 302 424 4,230

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

Total liabilities and capital 4,471,499 130,741 2,638,639 114,249 122,862 252,798 239,399 168,371 50,536 32,525 62,748 149,727 508,903

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, April 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 Apr 29, 2015

Federal Reserve notes outstanding 1,498,457

Less: Notes held by F.R. Banks not subject to collateralization 182,474

Federal Reserve notes to be collateralized 1,315,983

Collateral held against Federal Reserve notes 1,315,983

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,299,746

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,214,779

Less: Face value of securities under reverse repurchase agreements 240,119

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,974,660

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.