FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks April 16, 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 15, 2015 Apr 8, 2015 Apr 16, 2014

Wednesday

Apr 15, 2015

Reserve Bank credit 4,448,809 + 4,392 + 210,684 4,447,330

Securities held outright1 4,230,858 + 2,400 + 219,099 4,230,135

U.S. Treasury securities 2,459,765 + 114 + 128,191 2,459,806

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,709 0 + 124,795 2,346,709

Notes and bonds, inflation-indexed2 98,469 0 + 3,080 98,468

Inflation compensation3 14,587 + 114 + 317 14,629

Federal agency debt securities2 36,737 - 140 - 10,392 35,895

Mortgage-backed securities4 1,734,356 + 2,426 + 101,300 1,734,434

Unamortized premiums on securities held outright5 202,125 - 214 - 8,082 202,119

Unamortized discounts on securities held outright5 -17,902 + 32 - 450 -17,882

Repurchase agreements6 0 0 0 0

Loans 34 - 26 - 67 38

Primary credit 10 - 32 + 7 6

Secondary credit 0 0 0 0

Seasonal credit 24 + 6 + 8 31

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

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,692 + 1 + 106 1,694

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 -545 - 58 + 87 -492

Central bank liquidity swaps11 0 0 - 407 0

Other Federal Reserve assets12 32,547 + 2,257 + 575 31,718

Foreign currency denominated assets13 19,370 - 438 - 4,872 19,398

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding14 46,615 + 14 + 832 46,615

Total factors supplying reserve funds 4,531,035 + 3,968 + 206,644 4,529,584

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 15, 2015 Apr 8, 2015 Apr 16, 2014

Wednesday

Apr 15, 2015

Currency in circulation14 1,361,773 + 611 + 91,246 1,361,650

Reverse repurchase agreements15 238,716 - 44,997 + 61,473 227,651

Foreign official and international accounts 153,652 + 6,077 + 54,845 157,822

Others 85,064 - 51,074 + 6,628 69,829

Treasury cash holdings 230 - 13 - 1 234

Deposits with F.R. Banks, other than reserve balances 70,164 - 1,550 - 16,481 125,438

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 50,447 - 4,759 - 15,010 111,551

Foreign official 5,230 0 - 1,748 5,231

Other16 14,486 + 3,209 + 275 8,656

Other liabilities and capital17 66,838 + 1,100 + 1,837 65,656

Total factors, other than reserve balances,

absorbing reserve funds 1,737,721 - 44,849 + 138,074 1,780,629

Reserve balances with Federal Reserve Banks 2,793,314 + 48,817 + 68,570 2,748,955

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 15, 2015 Apr 8, 2015 Apr 16, 2014

Wednesday

Apr 15, 2015

Securities held in custody for foreign official and international

accounts 3,288,759 - 1,001 - 12,153 3,295,687

Marketable U.S. Treasury securities1 2,960,439 - 1,100 - 375 2,967,403

Federal agency debt and mortgage-backed securities2 284,750 + 142 - 12,623 284,712

Other securities3 43,570 - 44 + 845 43,572

Securities lent to dealers 10,495 - 683 - 534 11,647

Overnight facility4 10,495 - 683 - 534 11,647

U.S. Treasury securities 10,179 - 625 + 377 11,339

Federal agency debt securities 317 - 56 - 910 308

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 15, 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 12 25 0 0 0 ... 38

U.S. Treasury securities1

Holdings 450 1,449 63,822 1,112,901 637,961 643,223 2,459,806

Weekly changes + 449 - 450 0 + 17 + 22 + 75 + 113

Federal agency debt securities2

Holdings 0 0 6,638 26,910 0 2,347 35,895

Weekly changes - 982 0 0 0 0 0 - 982

Mortgage-backed securities3

Holdings 0 0 0 20 8,602 1,725,812 1,734,434

Weekly changes 0 0 0 0 - 46 + 2,550 + 2,504

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

Central bank liquidity swaps5 0 0 0 0 0 0 0

Reverse repurchase agreements4 227,651 0 ... ... ... ... 227,651

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 15, 2015

Mortgage-backed securities held outright1 1,734,434

Commitments to buy mortgage-backed securities2 36,102

Commitments to sell mortgage-backed securities2 400

Cash and cash equivalents3 0

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 15, 2015

Net portfolio holdings of Maiden Lane LLC1 1,694

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 15, 2015 Apr 8, 2015 Apr 16, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,813 - 17 - 110

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,414,410 + 1,559 + 206,477

Securities held outright1 4,230,135 + 1,635 + 214,920

U.S. Treasury securities 2,459,806 + 113 + 123,815

Bills2 0 0 0

Notes and bonds, nominal2 2,346,709 0 + 120,412

Notes and bonds, inflation-indexed2 98,468 - 1 + 3,079

Inflation compensation3 14,629 + 114 + 324

Federal agency debt securities2 35,895 - 982 - 10,699

Mortgage-backed securities4 1,734,434 + 2,504 + 101,805

Unamortized premiums on securities held outright5 202,119 - 123 - 8,000

Unamortized discounts on securities held outright5 -17,882 + 41 - 378

Repurchase agreements6 0 0 0

Loans 38 + 6 - 66

Net portfolio holdings of Maiden Lane LLC7 1,694 + 3 + 108

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) 96 - 2 - 13

Bank premises 2,243 + 1 - 28

Central bank liquidity swaps10 0 0 - 407

Foreign currency denominated assets11 19,398 - 194 - 4,745

Other assets12 29,476 + 598 + 296

Total assets (0) 4,485,366 + 1,947 + 201,399

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 15, 2015 Apr 8, 2015 Apr 16, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,317,078 - 1,629 + 89,589

Reverse repurchase agreements13 227,651 - 16,841 + 54,136

Deposits (0) 2,874,393 + 19,905 + 55,631

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,748,955 - 43,957 + 78,151

U.S. Treasury, General Account 111,551 + 67,297 - 22,932

Foreign official 5,231 + 1 - 1,747

Other14 (0) 8,656 - 3,437 + 2,158

Deferred availability cash items (0) 588 + 5 - 184

Other liabilities and accrued dividends15 7,967 + 497 + 636

Total liabilities (0) 4,427,677 + 1,936 + 199,807

Capital accounts

Capital paid in 28,844 + 5 + 796

Surplus 28,844 + 5 + 796

Other capital accounts 0 0 0

Total capital 57,689 + 11 + 1,592

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 15, 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 1,813 41 71 125 114 298 184 271 23 44 150 177 315

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,414,410 89,304 2,709,381 105,755 96,381 246,722 244,029 180,427 54,448 27,069 58,150 134,507 468,237

Securities held outright1 4,230,135 85,568 2,596,303 101,341 92,359 236,425 233,839 172,892 52,176 25,924 55,721 128,893 448,695

U.S. Treasury securities 2,459,806 49,758 1,509,739 58,929 53,706 137,480 135,977 100,536 30,340 15,075 32,401 74,951 260,914

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

Notes and bonds3 2,459,806 49,758 1,509,739 58,929 53,706 137,480 135,977 100,536 30,340 15,075 32,401 74,951 260,914

Federal agency debt securities2 35,895 726 22,031 860 784 2,006 1,984 1,467 443 220 473 1,094 3,807

Mortgage-backed securities4 1,734,434 35,085 1,064,533 41,552 37,869 96,939 95,879 70,889 21,393 10,629 22,847 52,849 183,973

Unamortized premiums on securities 

held outright5 202,119 4,089 124,053 4,842 4,413 11,297 11,173 8,261 2,493 1,239 2,662 6,159 21,439

Unamortized discounts on securities 

held outright5 -17,882 -362 -10,975 -428 -390 -999 -988 -731 -221 -110 -236 -545 -1,897

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

Loans 38 9 0 0 0 0 5 5 0 16 2 0 0

Net portfolio holdings of Maiden

Lane LLC7 1,694 0 1,694 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 96 0 0 0 0 0 95 0 0 1 0 0 0

Bank premises 2,243 124 431 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 19,398 879 6,254 1,084 1,512 4,451 1,104 521 181 81 204 279 2,848

Other assets12 29,476 645 17,570 720 660 1,831 1,647 1,211 442 212 426 966 3,146

Interdistrict settlement account 0 + 36,308 - 249,447 + 10,485 + 41,439 + 28,500 + 3,007 - 7,100 - 843 + 6,720 + 7,576 + 26,729 + 96,626

Total assets 4,485,366 127,850 2,491,897 118,790 140,915 283,256 252,278 176,661 54,799 34,485 67,189 164,043 573,202

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 15, 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 1,498,269 50,837 474,814 50,454 75,314 104,755 209,964 106,507 44,969 26,925 42,273 121,439 190,017

Less: Notes held by F.R. Banks 181,191 5,378 60,107 5,631 9,781 12,395 23,950 12,019 5,226 2,862 4,910 14,226 24,706

Federal Reserve notes, net 1,317,078 45,459 414,706 44,823 65,533 92,360 186,014 94,487 39,743 24,063 37,363 107,214 165,310

Reverse repurchase agreements13 227,651 4,605 139,724 5,454 4,970 12,724 12,584 9,304 2,808 1,395 2,999 6,937 24,147

Deposits 2,874,393 75,002 1,914,186 65,050 65,687 164,422 49,540 70,943 11,543 8,458 26,076 48,793 374,692

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 2,748,955 74,997 1,789,034 65,022 65,684 164,198 49,531 70,940 11,543 8,458 26,075 48,791 374,682

U.S. Treasury, General Account 111,551 0 111,551 0 0 0 0 0 0 0 0 0 0

Foreign official 5,231 2 5,204 2 3 9 2 1 0 0 0 1 6

Other14 8,656 3 8,397 27 0 215 7 2 0 0 1 1 4

Deferred availability cash items 588 0 0 0 0 0 416 0 0 172 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,597 17 1,103 26 19 33 87 69 15 9 22 51 147

Other liabilities and accrued

dividends16 6,370 176 3,466 216 227 589 362 282 140 136 125 201 450

Total liabilities 4,427,677 125,259 2,473,186 115,569 136,437 270,128 249,004 175,085 54,250 34,233 66,585 163,195 564,746

Capital

Capital paid in 28,844 1,295 9,356 1,611 2,239 6,564 1,637 788 275 126 302 424 4,228

Surplus 28,844 1,295 9,356 1,611 2,239 6,564 1,637 788 275 126 302 424 4,228

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

Total liabilities and capital 4,485,366 127,850 2,491,897 118,790 140,915 283,256 252,278 176,661 54,799 34,485 67,189 164,043 573,202

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 15, 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 15, 2015

Federal Reserve notes outstanding 1,498,269

Less: Notes held by F.R. Banks not subject to collateralization 181,191

Federal Reserve notes to be collateralized 1,317,078

Collateral held against Federal Reserve notes 1,317,078

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,300,841

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,230,135

Less: Face value of securities under reverse repurchase agreements 216,630

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 4,013,505

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.