FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks October 1, 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 30, 2015 Sep 23, 2015 Oct 1, 2014

Wednesday

Sep 30, 2015

Reserve Bank credit 4,448,006 - 8,513 + 40,162 4,445,480

Securities held outright1 4,239,890 - 7,615 + 53,242 4,238,274

U.S. Treasury securities 2,461,947 + 1 + 11,727 2,461,948

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,640 0 + 11,171 2,346,639

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

Inflation compensation3 16,773 + 2 + 210 16,774

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

Mortgage-backed securities4 1,742,850 - 7,617 + 46,428 1,741,233

Unamortized premiums on securities held outright5 193,872 - 667 - 15,415 193,677

Unamortized discounts on securities held outright5 -17,038 + 96 + 1,688 -17,017

Repurchase agreements6 0 0 0 0

Loans 260 - 9 - 20 252

Primary credit 18 + 7 - 5 16

Secondary credit 0 0 0 0

Seasonal credit 242 - 16 0 236

Term Asset-Backed Securities Loan Facility7 0 0 - 14 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,702 0 + 38 1,703

Net portfolio holdings of TALF LLC9 0 0 - 44 0

Float 34 - 83 + 607 -87

Central bank liquidity swaps10 681 - 2 + 475 681

Other Federal Reserve assets11 28,605 - 232 - 411 27,996

Foreign currency denominated assets12 20,022 - 63 - 2,333 20,002

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 47,121 + 14 + 950 47,121

Total factors supplying reserve funds 4,531,391 - 8,561 + 38,780 4,528,844

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 30, 2015 Sep 23, 2015 Oct 1, 2014

Wednesday

Sep 30, 2015

Currency in circulation13 1,384,849 + 1,269 + 95,731 1,387,415

Reverse repurchase agreements14 385,293 + 94,492 + 86,823 641,081

Foreign official and international accounts 169,308 + 9,918 + 68,555 191,467

Others 215,985 + 84,575 + 18,268 449,614

Treasury cash holdings 162 + 16 - 1 191

Deposits with F.R. Banks, other than reserve balances 180,777 + 4,764 + 45,074 237,215

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 145,165 - 8,347 + 25,928 198,716

Foreign official 5,395 - 32 + 151 6,231

Other15 30,217 + 13,144 + 18,995 32,267

Other liabilities and capital16 65,988 - 561 + 2,547 65,285

Total factors, other than reserve balances,

absorbing reserve funds 2,017,069 + 99,981 + 230,175 2,331,188

Reserve balances with Federal Reserve Banks 2,514,321 - 108,544 - 191,396 2,197,657

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

Sep 30, 2015 Sep 23, 2015 Oct 1, 2014

Wednesday

Sep 30, 2015

Securities held in custody for foreign official and international

accounts 3,333,696 - 17,875 - 10,541 3,323,627

Marketable U.S. Treasury securities1 3,007,185 - 16,765 - 3,212 2,997,282

Federal agency debt and mortgage-backed securities2 281,580 - 1,090 - 9,196 281,468

Other securities3 44,931 - 20 + 1,867 44,877

Securities lent to dealers 14,131 - 64 + 988 15,422

Overnight facility4 14,131 - 64 + 988 15,422

U.S. Treasury securities 14,080 - 66 + 1,634 15,350

Federal agency debt securities 51 + 2 - 646 72

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 30, 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 191 61 0 0 0 ... 252

U.S. Treasury securities1

Holdings 0 327 166,961 1,142,559 514,060 638,041 2,461,948

Weekly changes - 1 0 0 + 8,653 - 8,652 + 1 + 2

Federal agency debt securities2

Holdings 947 1,202 12,452 18,145 0 2,347 35,093

Weekly changes + 947 - 947 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 146 9,314 1,731,773 1,741,233

Weekly changes 0 0 0 - 5 - 192 - 11,189 - 11,386

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

Central bank liquidity swaps5 681 0 0 0 0 0 681

Reverse repurchase agreements4 641,081 0 ... ... ... ... 641,081

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 30, 2015

Mortgage-backed securities held outright1 1,741,233

Commitments to buy mortgage-backed securities2 27,069

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 31

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 30, 2015

Net portfolio holdings of Maiden Lane LLC1 1,703

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 30, 2015 Sep 23, 2015 Oct 1, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,909 + 2 - 19

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,415,186 - 12,097 + 36,377

Securities held outright1 4,238,274 - 11,384 + 50,108

U.S. Treasury securities 2,461,948 + 2 + 10,212

Bills2 0 0 0

Notes and bonds, nominal2 2,346,639 - 1 + 9,645

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

Inflation compensation3 16,774 + 2 + 219

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

Mortgage-backed securities4 1,741,233 - 11,386 + 44,809

Unamortized premiums on securities held outright5 193,677 - 783 - 15,496

Unamortized discounts on securities held outright5 -17,017 + 102 + 1,741

Repurchase agreements6 0 0 0

Loans 252 - 31 + 24

Net portfolio holdings of Maiden Lane LLC7 1,703 + 1 + 39

Net portfolio holdings of TALF LLC8 0 0 - 44

Items in process of collection (0) 396 + 89 + 306

Bank premises 2,241 + 3 - 16

Central bank liquidity swaps9 681 - 2 + 441

Foreign currency denominated assets10 20,002 + 34 - 2,284

Other assets11 25,755 - 1,404 - 951

Total assets (0) 4,484,111 - 13,373 + 33,851

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 30, 2015 Sep 23, 2015 Oct 1, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,342,390 + 2,547 + 95,549

Reverse repurchase agreements12 641,081 + 337,284 + 329,789

Deposits (0) 2,434,871 - 353,712 - 393,813

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,197,657 - 404,539 - 488,290

U.S. Treasury, General Account 198,716 + 33,775 + 72,148

Foreign official 6,231 + 975 + 984

Other13 (0) 32,267 + 16,077 + 21,345

Deferred availability cash items (0) 483 + 245 - 218

Other liabilities and accrued dividends14 6,724 + 253 + 361

Total liabilities (0) 4,425,550 - 13,383 + 31,670

Capital accounts

Capital paid in 29,281 + 5 + 1,091

Surplus 29,281 + 5 + 1,091

Other capital accounts 0 0 0

Total capital 58,561 + 9 + 2,181

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, September 30, 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 1,909 49 69 133 134 303 197 273 32 44 153 197 325

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,415,186 111,916 2,650,338 109,812 106,153 239,791 248,648 164,049 46,082 26,984 57,361 142,227 511,826

Securities held outright1 4,238,274 107,438 2,544,287 105,413 101,898 230,196 238,666 157,471 44,199 25,775 55,057 136,529 491,345

U.S. Treasury securities 2,461,948 62,409 1,477,937 61,233 59,191 133,717 138,637 91,472 25,674 14,973 31,982 79,307 285,415

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

Notes and bonds3 2,461,948 62,409 1,477,937 61,233 59,191 133,717 138,637 91,472 25,674 14,973 31,982 79,307 285,415

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 1,741,233 44,139 1,045,283 43,307 41,863 94,573 98,052 64,695 18,158 10,589 22,620 56,091 201,862

Unamortized premiums on securities 

held outright5 193,677 4,910 116,267 4,817 4,656 10,519 10,906 7,196 2,020 1,178 2,516 6,239 22,453

Unamortized discounts on securities 

held outright5 -17,017 -431 -10,215 -423 -409 -924 -958 -632 -177 -103 -221 -548 -1,973

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

Loans 252 0 0 5 8 0 34 15 41 134 8 8 0

Net portfolio holdings of Maiden

Lane LLC7 1,703 0 1,703 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 396 0 0 0 0 0 396 0 0 0 0 0 0

Bank premises 2,241 126 442 75 107 214 208 205 118 93 238 221 196

Central bank liquidity swaps9 681 31 219 38 53 156 39 18 6 3 7 10 100

Foreign currency denominated

assets10 20,002 906 6,456 1,117 1,558 4,587 1,137 537 186 84 210 288 2,935

Other assets11 25,755 689 15,010 650 632 1,568 1,467 977 344 188 374 850 3,005

Interdistrict settlement account 0 + 1,180 - 238,446 + 15,550 + 41,366 + 53,861 + 12,285 + 47,821 + 14,346 + 7,079 + 4,169 + 17,989 + 22,800

Total assets 4,484,111 115,440 2,441,320 127,925 150,746 301,675 266,631 215,038 61,563 34,736 62,953 162,954 543,130

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 30, 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 1,528,088 48,934 501,689 50,072 83,263 105,605 213,516 105,031 52,479 26,962 41,292 116,600 182,645

Less: Notes held by F.R. Banks 185,698 6,562 57,365 6,844 10,224 12,658 24,367 11,919 4,964 3,203 4,764 14,843 27,984

Federal Reserve notes, net 1,342,390 42,372 444,324 43,228 73,039 92,947 189,149 93,112 47,515 23,759 36,528 101,757 154,661

Reverse repurchase agreements12 641,081 16,251 384,849 15,945 15,413 34,819 36,101 23,819 6,686 3,899 8,328 20,651 74,321

Deposits 2,434,871 54,011 1,589,562 65,279 57,552 160,119 37,341 96,204 6,647 6,497 17,338 39,439 304,882

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 2,197,657 54,007 1,360,596 65,277 57,549 159,993 37,332 88,150 6,610 6,497 17,337 39,437 304,874

U.S. Treasury, General Account 198,716 0 198,716 0 0 0 0 0 0 0 0 0 0

Foreign official 6,231 2 6,204 2 3 9 2 1 0 0 0 1 6

Other13 32,267 3 24,045 0 0 117 7 8,053 37 0 1 2 2

Deferred availability cash items 483 0 0 0 0 0 297 0 0 185 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury14 1,848 45 1,129 42 40 92 115 70 17 9 18 60 212

Other liabilities and accrued

dividends 4,876 157 2,251 198 216 542 323 252 129 135 121 182 369

Total liabilities 4,425,550 112,836 2,422,115 124,692 146,261 288,520 263,326 213,456 60,994 34,484 62,333 162,089 534,445

Capital

Capital paid in 29,281 1,302 9,603 1,617 2,242 6,578 1,652 791 285 126 310 433 4,342

Surplus 29,281 1,302 9,603 1,617 2,242 6,578 1,652 791 285 126 310 433 4,342

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

Total liabilities and capital 4,484,111 115,440 2,441,320 127,925 150,746 301,675 266,631 215,038 61,563 34,736 62,953 162,954 543,130

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 30, 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 Sep 30, 2015

Federal Reserve notes outstanding 1,528,088

Less: Notes held by F.R. Banks not subject to collateralization 185,698

Federal Reserve notes to be collateralized 1,342,390

Collateral held against Federal Reserve notes 1,342,390

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,326,153

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,238,274

Less: Face value of securities under reverse repurchase agreements 603,013

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,635,261

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.