FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 5, 2015

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Nov 4, 2015 Oct 28, 2015 Nov 5, 2014

Wednesday

Nov 4, 2015

Reserve Bank credit 4,451,741 - 6,568 + 6,625 4,451,649

Securities held outright1 4,240,018 - 6,455 + 20,850 4,240,008

U.S. Treasury securities 2,461,778 - 35 + 205 2,461,760

Bills2 0 0 0 0

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

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

Inflation compensation3 16,604 - 36 + 213 16,587

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

Mortgage-backed securities4 1,744,095 - 6,418 + 26,201 1,744,102

Unamortized premiums on securities held outright5 192,222 - 543 - 16,730 192,064

Unamortized discounts on securities held outright5 -16,853 + 31 + 1,825 -16,839

Repurchase agreements6 0 0 0 0

Loans 147 - 32 - 11 132

Primary credit 6 + 4 - 2 11

Secondary credit 0 0 0 0

Seasonal credit 141 - 36 - 9 121

Term Asset-Backed Securities Loan Facility7 0 0 0 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,713 + 7 + 34 1,713

Net portfolio holdings of TALF LLC9 0 0 - 24 0

Float 308 + 89 + 907 77

Central bank liquidity swaps10 143 + 3 + 142 143

Other Federal Reserve assets11 34,042 + 331 - 369 34,352

Foreign currency denominated assets12 19,747 - 58 - 2,252 19,555

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 47,397 + 14 + 1,154 47,397

Total factors supplying reserve funds 4,535,126 - 6,613 + 5,527 4,534,843

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Nov 4, 2015 Oct 28, 2015 Nov 5, 2014

Wednesday

Nov 4, 2015

Currency in circulation13 1,396,921 + 4,393 + 94,705 1,401,127

Reverse repurchase agreements14 372,185 + 46,232 + 112,746 308,284

Foreign official and international accounts 199,888 + 12,601 + 93,517 200,878

Others 172,297 + 33,632 + 19,229 107,406

Treasury cash holdings 238 + 12 + 36 238

Deposits with F.R. Banks, other than reserve balances 57,768 - 41,727 - 286,010 70,292

Term deposits held by depository institutions 0 0 - 219,144 0

U.S. Treasury, General Account 29,795 - 17,305 - 81,587 44,215

Foreign official 5,270 + 9 + 17 5,281

Other15 22,703 - 24,431 + 14,704 20,796

Other liabilities and capital16 65,447 - 330 + 2,545 65,051

Total factors, other than reserve balances,

absorbing reserve funds 1,892,560 + 8,582 - 75,977 1,844,992

Reserve balances with Federal Reserve Banks 2,642,566 - 15,196 + 81,504 2,689,851

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of

the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements.

7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.

8. Refer to table 4 and the note on consolidation accompanying table 6.

9. Refer to the note on consolidation accompanying table 6.

10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

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

Bank premises and equipment net of allowances for depreciation.

12. Revalued daily at current foreign currency exchange rates.

13. Estimated.

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

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

financial market utilities.

16. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Nov 4, 2015 Oct 28, 2015 Nov 5, 2014

Wednesday

Nov 4, 2015

Securities held in custody for foreign official and international

accounts 3,283,763 - 8,596 - 19,094 3,284,048

Marketable U.S. Treasury securities1 2,962,408 - 7,906 - 13,793 2,962,589

Federal agency debt and mortgage-backed securities2 275,313 - 778 - 9,579 275,388

Other securities3 46,042 + 88 + 4,277 46,071

Securities lent to dealers 16,210 - 227 + 6,657 15,431

Overnight facility4 16,210 - 227 + 6,657 15,431

U.S. Treasury securities 16,159 - 217 + 7,296 15,376

Federal agency debt securities 51 - 10 - 639 55

Note: Components may not sum to totals because of rounding.

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral

to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.

2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the

securities.

3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4. Face value. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 4, 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 40 92 0 0 0 ... 132

U.S. Treasury securities1

Holdings 326 1,912 178,399 1,130,239 512,967 637,917 2,461,760

Weekly changes + 326 + 1,585 + 4,616 - 5,470 - 1,070 - 26 - 40

Federal agency debt securities2

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

Weekly changes + 1,202 - 1,202 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 394 9,277 1,734,431 1,744,102

Weekly changes 0 0 0 + 125 - 97 - 17 + 11

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

Central bank liquidity swaps5 143 0 0 0 0 0 143

Reverse repurchase agreements4 308,284 0 ... ... ... ... 308,284

Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.

...Not applicable.

1. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

2. Face value.

3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

4. Cash value of agreements.

5. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Nov 4, 2015

Mortgage-backed securities held outright1 1,744,102

Commitments to buy mortgage-backed securities2 28,934

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 21

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Nov 4, 2015

Net portfolio holdings of Maiden Lane LLC1 1,713

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2015. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 5 and table 6.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of

the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time

to maximize repayment of the credit extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior loan

from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were repaid in full, with interest.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Nov 4, 2015 Oct 28, 2015 Nov 5, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,886 + 2 + 3

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,415,364 - 403 + 5,934

Securities held outright1 4,240,008 - 29 + 20,831

U.S. Treasury securities 2,461,760 - 40 + 179

Bills2 0 0 0

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

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

Inflation compensation3 16,587 - 39 + 187

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

Mortgage-backed securities4 1,744,102 + 11 + 26,206

Unamortized premiums on securities held outright5 192,064 - 369 - 16,706

Unamortized discounts on securities held outright5 -16,839 + 32 + 1,823

Repurchase agreements6 0 0 0

Loans 132 - 35 - 13

Net portfolio holdings of Maiden Lane LLC7 1,713 - 3 + 34

Net portfolio holdings of TALF LLC8 0 0 - 24

Items in process of collection (0) 452 - 7 + 377

Bank premises 2,231 - 5 - 29

Central bank liquidity swaps9 143 + 3 + 142

Foreign currency denominated assets10 19,555 - 284 - 2,200

Other assets11 32,121 + 1,059 - 1,121

Total assets (0) 4,489,702 + 363 + 3,117

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Nov 4, 2015 Oct 28, 2015 Nov 5, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,355,849 + 6,111 + 92,863

Reverse repurchase agreements12 308,284 - 36,526 + 83,689

Deposits (0) 2,760,143 + 30,994 - 175,718

Term deposits held by depository institutions 0 0 - 219,144

Other deposits held by depository institutions 2,689,851 + 21,664 + 89,633

U.S. Treasury, General Account 44,215 + 8,629 - 59,989

Foreign official 5,281 + 8 + 33

Other13 (0) 20,796 + 694 + 13,749

Deferred availability cash items (0) 375 - 196 - 408

Other liabilities and accrued dividends14 6,423 - 51 + 543

Total liabilities (0) 4,431,075 + 333 + 971

Capital accounts

Capital paid in 29,314 + 16 + 1,074

Surplus 29,314 + 16 + 1,074

Other capital accounts 0 0 0

Total capital 58,627 + 30 + 2,146

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation accompanying table 6.

8. Refer to the note on consolidation accompanying table 6.

9. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

10. Revalued daily at current foreign currency exchange rates.

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

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

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

financial market utilities.

14. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, November 4, 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 1,886 48 71 130 128 300 194 273 31 42 152 193 325

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,415,364 111,924 2,650,517 109,814 106,153 239,807 248,656 164,058 46,053 26,924 57,364 142,234 511,860

Securities held outright1 4,240,008 107,482 2,545,328 105,456 101,940 230,290 238,764 157,535 44,217 25,786 55,080 136,585 491,546

U.S. Treasury securities 2,461,760 62,404 1,477,824 61,228 59,187 133,707 138,627 91,465 25,672 14,971 31,980 79,301 285,393

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

Notes and bonds3 2,461,760 62,404 1,477,824 61,228 59,187 133,707 138,627 91,465 25,672 14,971 31,980 79,301 285,393

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

Mortgage-backed securities4 1,744,102 44,212 1,047,006 43,379 41,932 94,728 98,214 64,801 18,188 10,607 22,657 56,183 202,195

Unamortized premiums on securities 

held outright5 192,064 4,869 115,298 4,777 4,618 10,432 10,816 7,136 2,003 1,168 2,495 6,187 22,266

Unamortized discounts on securities 

held outright5 -16,839 -427 -10,109 -419 -405 -915 -948 -626 -176 -102 -219 -542 -1,952

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

Loans 132 0 0 0 0 0 26 12 9 72 8 5 0

Net portfolio holdings of Maiden

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

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

Items in process of collection 452 0 0 0 0 0 451 0 0 1 0 0 0

Bank premises 2,231 125 438 74 106 213 207 204 118 92 238 220 196

Central bank liquidity swaps9 143 6 46 8 11 33 8 4 1 1 2 2 21

Foreign currency denominated

assets10 19,555 886 6,306 1,092 1,524 4,487 1,112 525 182 82 206 282 2,871

Other assets11 32,121 855 18,806 809 786 1,907 1,830 1,211 423 223 464 1,069 3,738

Interdistrict settlement account 0 - 10,305 - 193,976 + 7,403 + 28,641 + 57,751 + 3,083 + 23,023 + 13,316 + 6,206 + 6,027 + 16,696 + 42,136

Total assets 4,489,702 104,083 2,489,447 119,880 138,091 305,692 257,796 190,456 60,575 33,832 64,893 161,868 563,090

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, November 4, 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 1,537,567 48,874 500,272 49,938 83,704 107,574 217,298 104,332 52,233 27,100 41,192 117,755 187,294

Less: Notes held by F.R. Banks 181,717 5,882 62,580 6,438 9,438 12,238 23,155 10,643 4,674 3,010 4,607 13,636 25,416

Federal Reserve notes, net 1,355,849 42,991 437,692 43,500 74,267 95,335 194,144 93,689 47,559 24,090 36,585 104,119 161,877

Reverse repurchase agreements12 308,284 7,815 185,067 7,668 7,412 16,744 17,360 11,454 3,215 1,875 4,005 9,931 35,740

Deposits 2,760,143 50,478 1,844,227 65,254 51,674 179,862 42,291 83,421 9,068 7,363 23,551 46,718 356,234

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 2,689,851 50,469 1,782,470 65,252 51,671 179,607 42,281 75,218 9,030 7,363 23,550 46,713 356,226

U.S. Treasury, General Account 44,215 0 44,215 0 0 0 0 0 0 0 0 0 0

Foreign official 5,281 2 5,254 2 3 9 2 1 0 0 0 1 6

Other13 20,796 8 12,288 0 0 246 7 8,202 38 0 1 4 2

Deferred availability cash items 375 0 0 0 0 0 264 0 0 111 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury14 1,642 35 1,077 28 22 31 99 72 17 4 20 58 181

Other liabilities and accrued

dividends 4,781 157 2,167 197 222 565 319 241 129 137 122 174 350

Total liabilities 4,431,075 101,476 2,470,231 116,646 133,598 292,538 254,477 188,878 59,987 33,580 64,283 161,000 554,382

Capital

Capital paid in 29,314 1,303 9,608 1,617 2,246 6,577 1,660 789 294 126 305 434 4,354

Surplus 29,314 1,303 9,608 1,617 2,246 6,577 1,660 789 294 126 305 434 4,354

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

Total liabilities and capital 4,489,702 104,083 2,489,447 119,880 138,091 305,692 257,796 190,456 60,575 33,832 64,893 161,868 563,090

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, November 4, 2015 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal

agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation below.

8. Refer to the note on consolidation below.

9. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

10. Revalued daily at current foreign currency exchange rates.

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

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

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

14. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the

Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy,

which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends,

and the amount necessary to equate surplus with capital paid-in.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was

extended to Maiden Lane LLC (ML), which was formed to acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was

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

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

the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility. On January 15, 2013 FRBNY’s commitment to extend credit to TALF LLC was

eliminated.

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

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

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

release. As a consequence of the consolidation, the extensions of credit from FRBNY to the LLCs were eliminated, the net assets of the LLCs appeared as assets on the previous page (and in table 1 and table

5), and the liabilities of the LLCs to entities other than FRBNY, including those with recourse only to the portfolio holdings of the LLCs, were included in other liabilities in this table (and table 1 and table 5).
H.4.1

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday Federal Reserve notes and collateral Nov 4, 2015

Federal Reserve notes outstanding 1,537,567

Less: Notes held by F.R. Banks not subject to collateralization 181,717

Federal Reserve notes to be collateralized 1,355,849

Collateral held against Federal Reserve notes 1,355,849

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,339,613

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,240,008

Less: Face value of securities under reverse repurchase agreements 298,515

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,941,493

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.