FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks April 9, 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 8, 2015 Apr 1, 2015 Apr 9, 2014

Wednesday

Apr 8, 2015

Reserve Bank credit 4,444,417 + 556 + 245,993 4,445,177

Securities held outright1 4,228,458 + 65 + 253,655 4,228,500

U.S. Treasury securities 2,459,651 + 57 + 135,299 2,459,693

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,709 - 1 + 131,105 2,346,709

Notes and bonds, inflation-indexed2 98,469 0 + 3,786 98,469

Inflation compensation3 14,473 + 57 + 408 14,515

Federal agency debt securities2 36,877 0 - 10,466 36,877

Mortgage-backed securities4 1,731,930 + 9 + 128,822 1,731,930

Unamortized premiums on securities held outright5 202,339 - 362 - 7,124 202,242

Unamortized discounts on securities held outright5 -17,934 + 31 - 646 -17,923

Repurchase agreements6 0 0 0 0

Loans 60 + 24 - 40 32

Primary credit 42 + 19 + 39 15

Secondary credit 0 0 0 0

Seasonal credit 18 + 4 + 3 17

Term Asset-Backed Securities Loan Facility7 0 0 - 82 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,691 - 1 + 107 1,691

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 - 94 0

Float -487 + 1 + 166 -485

Central bank liquidity swaps11 0 - 810 - 407 0

Other Federal Reserve assets12 30,290 + 1,608 + 460 31,120

Foreign currency denominated assets13 19,808 + 152 - 4,183 19,592

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding14 46,601 + 14 + 834 46,601

Total factors supplying reserve funds 4,527,067 + 722 + 242,644 4,527,611

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 8, 2015 Apr 1, 2015 Apr 9, 2014

Wednesday

Apr 8, 2015

Currency in circulation14 1,361,162 + 3,424 + 90,543 1,363,253

Reverse repurchase agreements15 283,713 - 61,395 + 94,824 244,492

Foreign official and international accounts 147,575 - 115 + 53,016 148,049

Others 136,138 - 61,280 + 41,808 96,443

Treasury cash holdings 243 + 40 - 21 230

Deposits with F.R. Banks, other than reserve balances 71,714 - 19,097 - 5,320 61,576

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 55,206 - 20,261 - 7,230 44,254

Foreign official 5,230 - 1 - 1,747 5,230

Other16 11,277 + 1,163 + 3,656 12,093

Other liabilities and capital17 65,738 + 598 + 2,463 65,148

Total factors, other than reserve balances,

absorbing reserve funds 1,782,570 - 76,431 + 182,489 1,734,699

Reserve balances with Federal Reserve Banks 2,744,497 + 77,153 + 60,156 2,792,912

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 8, 2015 Apr 1, 2015 Apr 9, 2014

Wednesday

Apr 8, 2015

Securities held in custody for foreign official and international

accounts 3,289,760 + 30,269 - 26,307 3,291,826

Marketable U.S. Treasury securities1 2,961,539 + 30,321 - 13,319 2,963,778

Federal agency debt and mortgage-backed securities2 284,608 - 77 - 13,430 284,509

Other securities3 43,614 + 26 + 443 43,539

Securities lent to dealers 11,178 - 1,653 - 1,013 10,661

Overnight facility4 11,178 - 1,653 - 1,013 10,661

U.S. Treasury securities 10,804 - 1,619 - 159 10,338

Federal agency debt securities 373 - 35 - 855 323

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 8, 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 18 14 0 0 0 ... 32

U.S. Treasury securities1

Holdings 1 1,899 63,822 1,112,884 637,939 643,148 2,459,693

Weekly changes 0 0 0 + 16 + 22 + 76 + 115

Federal agency debt securities2

Holdings 982 0 6,638 26,910 0 2,347 36,877

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 20 8,648 1,723,262 1,731,930

Weekly changes 0 0 0 + 5 + 284 - 287 + 2

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

Central bank liquidity swaps5 0 0 0 0 0 0 0

Reverse repurchase agreements4 244,492 0 ... ... ... ... 244,492

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 8, 2015

Mortgage-backed securities held outright1 1,731,930

Commitments to buy mortgage-backed securities2 41,540

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 5

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 8, 2015

Net portfolio holdings of Maiden Lane LLC1 1,691

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 December 31, 2014. 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 8, 2015 Apr 1, 2015 Apr 9, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,830 - 2 - 99

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,412,851 - 204 + 244,071

Securities held outright1 4,228,500 + 116 + 251,964

U.S. Treasury securities 2,459,693 + 115 + 133,608

Bills2 0 0 0

Notes and bonds, nominal2 2,346,709 0 + 130,224

Notes and bonds, inflation-indexed2 98,469 0 + 3,080

Inflation compensation3 14,515 + 115 + 304

Federal agency debt securities2 36,877 0 - 10,466

Mortgage-backed securities4 1,731,930 + 2 + 128,822

Unamortized premiums on securities held outright5 202,242 - 323 - 7,247

Unamortized discounts on securities held outright5 -17,923 + 30 - 579

Repurchase agreements6 0 0 0

Loans 32 - 27 - 67

Net portfolio holdings of Maiden Lane LLC7 1,691 0 + 106

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) 98 - 12 0

Bank premises 2,242 + 1 - 27

Central bank liquidity swaps10 0 - 810 - 407

Foreign currency denominated assets11 19,592 + 33 - 4,584

Other assets12 28,878 + 2,614 + 350

Total assets (0) 4,483,419 + 1,620 + 239,231

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 8, 2015 Apr 1, 2015 Apr 9, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,318,707 + 3,448 + 90,940

Reverse repurchase agreements13 244,492 - 109,201 + 62,239

Deposits (0) 2,854,488 + 106,446 + 84,343

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,792,912 + 125,249 + 95,024

U.S. Treasury, General Account 44,254 - 21,275 - 10,274

Foreign official 5,230 - 11 - 1,747

Other14 (0) 12,093 + 2,484 + 1,342

Deferred availability cash items (0) 583 - 15 - 137

Other liabilities and accrued dividends15 7,470 + 917 + 289

Total liabilities (0) 4,425,741 + 1,597 + 237,675

Capital accounts

Capital paid in 28,839 + 11 + 778

Surplus 28,839 + 11 + 778

Other capital accounts 0 0 0

Total capital 57,678 + 22 + 1,556

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 8, 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 11,037 352 4,125 338 464 824 1,349 706 278 173 291 880 1,257

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

Coin 1,830 42 70 126 117 301 185 272 25 44 151 181 317

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,412,851 89,276 2,708,428 105,718 96,347 246,635 243,938 180,361 54,429 27,054 58,128 134,460 468,077

Securities held outright1 4,228,500 85,535 2,595,299 101,302 92,323 236,334 233,749 172,825 52,156 25,914 55,699 128,844 448,521

U.S. Treasury securities 2,459,693 49,755 1,509,670 58,927 53,704 137,474 135,970 100,531 30,339 15,074 32,400 74,947 260,902

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

Notes and bonds3 2,459,693 49,755 1,509,670 58,927 53,704 137,474 135,970 100,531 30,339 15,074 32,400 74,947 260,902

Federal agency debt securities2 36,877 746 22,634 883 805 2,061 2,039 1,507 455 226 486 1,124 3,912

Mortgage-backed securities4 1,731,930 35,034 1,062,996 41,492 37,814 96,799 95,740 70,786 21,362 10,614 22,814 52,772 183,708

Unamortized premiums on securities 

held outright5 202,242 4,091 124,129 4,845 4,416 11,303 11,180 8,266 2,495 1,239 2,664 6,162 21,452

Unamortized discounts on securities 

held outright5 -17,923 -363 -11,001 -429 -391 -1,002 -991 -733 -221 -110 -236 -546 -1,901

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

Loans 32 13 0 0 0 0 0 3 0 10 1 0 5

Net portfolio holdings of Maiden

Lane LLC7 1,691 0 1,691 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 98 0 1 0 0 0 97 0 0 0 0 0 0

Bank premises 2,242 124 430 74 109 218 210 202 120 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 19,592 888 6,317 1,095 1,527 4,495 1,115 526 182 82 206 282 2,876

Other assets12 28,878 629 17,210 703 646 1,790 1,630 1,195 437 211 417 925 3,084

Interdistrict settlement account 0 + 33,373 - 268,727 + 12,985 + 44,789 + 26,373 + 5,870 - 2,473 + 628 + 7,283 + 9,104 + 26,068 + 104,727

Total assets 4,483,419 124,879 2,471,363 121,249 144,237 281,048 255,047 181,214 56,249 35,033 68,689 163,299 581,112

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 8, 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 1,498,217 50,809 474,742 50,155 74,561 104,806 210,259 106,451 45,033 26,947 42,321 121,565 190,566

Less: Notes held by F.R. Banks 179,509 5,166 60,377 5,391 9,794 12,297 22,809 12,037 5,183 3,024 4,955 14,137 24,339

Federal Reserve notes, net 1,318,707 45,643 414,365 44,764 64,768 92,509 187,450 94,414 39,850 23,923 37,367 107,428 166,227

Reverse repurchase agreements13 244,492 4,946 150,060 5,857 5,338 13,665 13,515 9,993 3,016 1,498 3,221 7,450 25,933

Deposits 2,854,488 71,518 1,884,136 67,164 69,395 161,105 49,918 74,893 12,683 9,081 27,354 47,331 379,910

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 2,792,912 71,514 1,822,851 67,135 69,392 160,877 49,909 74,890 12,682 9,081 27,353 47,329 379,900

U.S. Treasury, General Account 44,254 0 44,254 0 0 0 0 0 0 0 0 0 0

Foreign official 5,230 2 5,202 2 3 9 2 1 0 0 0 1 6

Other14 12,093 3 11,829 26 0 219 7 2 0 0 1 1 4

Deferred availability cash items 583 0 0 0 0 0 446 0 0 136 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 2,226 32 1,436 49 45 102 119 86 21 11 27 65 234

Other liabilities and accrued

dividends16 5,244 150 2,656 193 212 539 325 255 131 131 116 177 358

Total liabilities 4,425,741 122,289 2,452,652 118,027 139,758 267,921 251,773 179,641 55,700 34,781 68,084 162,451 572,662

Capital

Capital paid in 28,839 1,295 9,356 1,611 2,239 6,564 1,637 786 275 126 302 424 4,225

Surplus 28,839 1,295 9,356 1,611 2,239 6,564 1,637 786 275 126 302 424 4,225

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

Total liabilities and capital 4,483,419 124,879 2,471,363 121,249 144,237 281,048 255,047 181,214 56,249 35,033 68,689 163,299 581,112

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 8, 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 8, 2015

Federal Reserve notes outstanding 1,498,217

Less: Notes held by F.R. Banks not subject to collateralization 179,509

Federal Reserve notes to be collateralized 1,318,707

Collateral held against Federal Reserve notes 1,318,707

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,302,471

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,228,500

Less: Face value of securities under reverse repurchase agreements 229,296

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,999,205

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.