FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks October 22, 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

Oct 21, 2015 Oct 14, 2015 Oct 22, 2014

Wednesday

Oct 21, 2015

Reserve Bank credit 4,457,378 + 5,989 + 20,692 4,462,691

Securities held outright1 4,246,150 + 5,745 + 35,000 4,251,180

U.S. Treasury securities 2,461,850 - 35 + 4,791 2,461,837

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,639 0 + 4,507 2,346,639

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

Inflation compensation3 16,677 - 34 + 220 16,663

Federal agency debt securities2 34,146 - 947 - 5,554 34,146

Mortgage-backed securities4 1,750,153 + 6,726 + 35,761 1,755,197

Unamortized premiums on securities held outright5 193,082 - 86 - 16,163 193,143

Unamortized discounts on securities held outright5 -16,921 + 43 + 1,786 -16,907

Repurchase agreements6 0 0 0 0

Loans 194 - 20 - 27 187

Primary credit 6 - 4 + 1 3

Secondary credit 0 0 0 0

Seasonal credit 189 - 14 - 13 184

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

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,705 + 2 + 32 1,705

Net portfolio holdings of TALF LLC9 0 0 - 24 0

Float 275 + 164 + 893 202

Central bank liquidity swaps10 140 - 5 + 140 140

Other Federal Reserve assets11 32,753 + 146 - 944 33,042

Foreign currency denominated assets12 20,232 + 29 - 2,406 20,185

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 47,320 + 14 + 1,106 47,320

Total factors supplying reserve funds 4,541,171 + 6,033 + 19,392 4,546,437

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

Oct 21, 2015 Oct 14, 2015 Oct 22, 2014

Wednesday

Oct 21, 2015

Currency in circulation13 1,391,527 - 1,086 + 95,127 1,392,218

Reverse repurchase agreements14 304,655 + 25,489 + 79,615 331,299

Foreign official and international accounts 175,389 + 4,012 + 75,991 180,217

Others 129,265 + 21,476 + 3,623 151,082

Treasury cash holdings 193 - 29 - 2 224

Deposits with F.R. Banks, other than reserve balances 84,800 - 13,842 - 162,391 81,131

Term deposits held by depository institutions 0 0 - 110,029 0

U.S. Treasury, General Account 60,403 - 6,036 - 63,111 57,086

Foreign official 5,450 + 129 + 204 5,258

Other15 18,947 - 7,935 + 10,545 18,786

Other liabilities and capital16 66,689 - 625 + 2,349 65,978

Total factors, other than reserve balances,

absorbing reserve funds 1,847,864 + 9,906 + 14,698 1,870,850

Reserve balances with Federal Reserve Banks 2,693,306 - 3,874 + 4,693 2,675,588

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

Oct 21, 2015 Oct 14, 2015 Oct 22, 2014

Wednesday

Oct 21, 2015

Securities held in custody for foreign official and international

accounts 3,301,452 - 12,991 - 1,902 3,297,051

Marketable U.S. Treasury securities1 2,976,888 - 10,915 + 4,108 2,974,352

Federal agency debt and mortgage-backed securities2 278,649 - 2,241 - 10,188 276,741

Other securities3 45,915 + 164 + 4,178 45,957

Securities lent to dealers 15,776 + 2,839 + 2,671 14,950

Overnight facility4 15,776 + 2,839 + 2,671 14,950

U.S. Treasury securities 15,730 + 2,840 + 3,276 14,906

Federal agency debt securities 47 0 - 604 44

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, October 21, 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 170 17 0 0 0 ... 187

U.S. Treasury securities1

Holdings 0 327 173,784 1,135,715 514,043 637,968 2,461,837

Weekly changes 0 0 - 1 - 6 - 6 - 24 - 37

Federal agency debt securities2

Holdings 0 2,828 12,825 16,146 0 2,347 34,146

Weekly changes - 947 + 1,626 + 373 - 1,999 0 0 - 947

Mortgage-backed securities3

Holdings 0 0 0 277 9,610 1,745,310 1,755,197

Weekly changes 0 0 0 - 1 + 157 - 1,447 - 1,291

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

Central bank liquidity swaps5 140 0 0 0 0 0 140

Reverse repurchase agreements4 331,299 0 ... ... ... ... 331,299

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 Oct 21, 2015

Mortgage-backed securities held outright1 1,755,197

Commitments to buy mortgage-backed securities2 18,888

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 2

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 Oct 21, 2015

Net portfolio holdings of Maiden Lane LLC1 1,705

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

Oct 21, 2015 Oct 14, 2015 Oct 22, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,893 - 6 + 2

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,427,602 - 2,624 + 22,575

Securities held outright1 4,251,180 - 2,275 + 36,838

U.S. Treasury securities 2,461,837 - 37 + 2,640

Bills2 0 0 0

Notes and bonds, nominal2 2,346,639 0 + 2,352

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

Inflation compensation3 16,663 - 37 + 222

Federal agency debt securities2 34,146 - 947 - 5,554

Mortgage-backed securities4 1,755,197 - 1,291 + 39,752

Unamortized premiums on securities held outright5 193,143 - 361 - 16,029

Unamortized discounts on securities held outright5 -16,907 + 46 + 1,819

Repurchase agreements6 0 0 0

Loans 187 - 33 - 53

Net portfolio holdings of Maiden Lane LLC7 1,705 0 + 34

Net portfolio holdings of TALF LLC8 0 0 - 24

Items in process of collection (0) 568 - 121 + 497

Bank premises 2,235 + 1 - 28

Central bank liquidity swaps9 140 - 5 + 140

Foreign currency denominated assets10 20,185 - 147 - 2,305

Other assets11 30,807 - 431 - 1,135

Total assets (0) 4,501,372 - 3,332 + 19,756

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

Oct 21, 2015 Oct 14, 2015 Oct 22, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,347,010 - 740 + 94,089

Reverse repurchase agreements12 331,299 + 68,853 + 95,383

Deposits (0) 2,756,719 - 69,516 - 172,219

Term deposits held by depository institutions 0 0 - 110,029

Other deposits held by depository institutions 2,675,588 - 44,393 - 4,018

U.S. Treasury, General Account 57,086 - 454 - 67,510

Foreign official 5,258 - 40 + 10

Other13 (0) 18,786 - 24,630 + 9,328

Deferred availability cash items (0) 366 - 158 - 253

Other liabilities and accrued dividends14 7,380 - 1,786 + 614

Total liabilities (0) 4,442,774 - 3,347 + 17,615

Capital accounts

Capital paid in 29,299 + 8 + 1,071

Surplus 29,299 + 8 + 1,071

Other capital accounts 0 0 0

Total capital 58,598 + 15 + 2,141

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, October 21, 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 1,893 50 68 132 129 304 195 272 28 42 153 195 323

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,427,602 112,233 2,657,832 110,117 106,446 240,469 249,347 164,503 46,192 27,037 57,525 142,628 513,273

Securities held outright1 4,251,180 107,765 2,552,034 105,734 102,208 230,897 239,393 157,950 44,333 25,854 55,225 136,944 492,841

U.S. Treasury securities 2,461,837 62,406 1,477,870 61,230 59,188 133,711 138,631 91,468 25,673 14,972 31,981 79,304 285,402

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

Notes and bonds3 2,461,837 62,406 1,477,870 61,230 59,188 133,711 138,631 91,468 25,673 14,972 31,981 79,304 285,402

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 1,755,197 44,493 1,053,666 43,655 42,199 95,331 98,839 65,213 18,304 10,674 22,801 56,541 203,481

Unamortized premiums on securities 

held outright5 193,143 4,896 115,946 4,804 4,644 10,490 10,876 7,176 2,014 1,175 2,509 6,222 22,391

Unamortized discounts on securities 

held outright5 -16,907 -429 -10,150 -421 -406 -918 -952 -628 -176 -103 -220 -545 -1,960

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

Loans 187 0 1 0 0 0 31 5 21 112 11 6 1

Net portfolio holdings of Maiden

Lane LLC7 1,705 0 1,705 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 568 0 0 0 0 0 567 0 0 0 0 0 0

Bank premises 2,235 127 438 73 106 214 208 204 118 93 238 220 196

Central bank liquidity swaps9 140 6 45 8 11 32 8 4 1 1 1 2 21

Foreign currency denominated

assets10 20,185 915 6,508 1,128 1,573 4,631 1,148 542 188 85 212 291 2,964

Other assets11 30,807 821 18,015 776 751 1,837 1,741 1,154 394 216 444 1,076 3,581

Interdistrict settlement account 0 - 14,233 - 109,340 + 5,393 + 21,366 + 41,732 - 4,558 + 23,061 + 11,623 + 4,563 + 2,433 + 8,621 + 9,339

Total assets 4,501,372 100,463 2,580,798 118,177 131,124 290,414 250,912 190,898 58,994 32,298 61,447 154,206 531,640

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, October 21, 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 1,532,761 48,884 500,715 49,929 83,540 106,644 215,635 104,621 52,338 26,985 41,197 117,057 185,216

Less: Notes held by F.R. Banks 185,751 6,193 60,745 6,802 9,793 13,006 23,624 11,401 4,832 3,120 4,781 14,441 27,013

Federal Reserve notes, net 1,347,010 42,691 439,970 43,127 73,747 93,638 192,011 93,220 47,506 23,865 36,416 102,616 158,203

Reverse repurchase agreements12 331,299 8,398 198,883 8,240 7,965 17,994 18,656 12,309 3,455 2,015 4,304 10,672 38,408

Deposits 2,756,719 46,540 1,918,987 63,317 44,646 164,965 36,222 83,450 7,304 5,883 19,960 39,783 325,660

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 2,675,588 46,530 1,846,373 63,315 44,643 164,688 36,212 75,288 7,266 5,883 19,959 39,779 325,652

U.S. Treasury, General Account 57,086 0 57,086 0 0 0 0 0 0 0 0 0 0

Foreign official 5,258 2 5,231 2 3 9 2 1 0 0 0 1 6

Other13 18,786 8 10,297 0 0 268 7 8,161 37 0 1 4 2

Deferred availability cash items 366 0 0 0 0 0 235 0 0 131 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury14 1,525 36 970 33 27 52 92 51 9 8 20 54 173

Other liabilities and accrued

dividends 5,856 194 2,775 227 246 610 391 289 138 144 137 214 490

Total liabilities 4,442,774 97,859 2,561,585 114,944 126,632 277,260 247,608 189,319 58,412 32,047 60,836 153,339 522,934

Capital

Capital paid in 29,299 1,302 9,606 1,617 2,246 6,577 1,652 789 291 126 305 433 4,353

Surplus 29,299 1,302 9,606 1,617 2,246 6,577 1,652 789 291 126 305 433 4,353

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

Total liabilities and capital 4,501,372 100,463 2,580,798 118,177 131,124 290,414 250,912 190,898 58,994 32,298 61,447 154,206 531,640

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, October 21, 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 Oct 21, 2015

Federal Reserve notes outstanding 1,532,761

Less: Notes held by F.R. Banks not subject to collateralization 185,751

Federal Reserve notes to be collateralized 1,347,010

Collateral held against Federal Reserve notes 1,347,010

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,330,773

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,251,180

Less: Face value of securities under reverse repurchase agreements 304,390

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,946,790

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.