FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 13, 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

Aug 12, 2015 Aug 5, 2015 Aug 13, 2014

Wednesday

Aug 12, 2015

Reserve Bank credit 4,450,134 + 2,523 + 72,968 4,450,894

Securities held outright1 4,231,625 + 125 + 84,814 4,231,671

U.S. Treasury securities 2,461,661 + 103 + 35,302 2,461,694

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,641 0 + 33,910 2,346,641

Notes and bonds, inflation-indexed2 98,534 0 + 1,202 98,534

Inflation compensation3 16,486 + 103 + 190 16,519

Federal agency debt securities2 35,093 0 - 6,953 35,093

Mortgage-backed securities4 1,734,871 + 22 + 56,466 1,734,884

Unamortized premiums on securities held outright5 196,111 - 381 - 13,121 195,988

Unamortized discounts on securities held outright5 -17,339 + 35 + 1,329 -17,328

Repurchase agreements6 0 0 0 0

Loans 212 + 14 - 56 238

Primary credit 8 - 2 + 3 25

Secondary credit 0 0 0 0

Seasonal credit 204 + 16 - 25 214

Term Asset-Backed Securities Loan Facility7 0 0 - 34 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,702 0 + 33 1,702

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 - 44 0

Float -46 - 42 + 527 -253

Central bank liquidity swaps11 229 - 79 + 154 229

Other Federal Reserve assets12 37,642 + 2,855 - 580 38,647

Foreign currency denominated assets13 19,528 - 14 - 4,187 19,772

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding14 47,023 + 14 + 960 47,023

Total factors supplying reserve funds 4,532,927 + 2,524 + 69,742 4,533,931

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

Aug 12, 2015 Aug 5, 2015 Aug 13, 2014

Wednesday

Aug 12, 2015

Currency in circulation14 1,375,030 + 1,834 + 86,920 1,376,776

Reverse repurchase agreements15 244,187 - 27,389 + 15,369 228,196

Foreign official and international accounts 162,320 - 1,534 + 63,111 163,785

Others 81,868 - 25,854 - 47,741 64,411

Treasury cash holdings 141 + 29 - 14 149

Deposits with F.R. Banks, other than reserve balances 288,320 + 67,025 + 193,387 307,029

Term deposits held by depository institutions 66,066 + 66,066 + 66,066 66,066

U.S. Treasury, General Account 196,323 - 7,178 + 118,257 207,989

Foreign official 5,244 0 - 1,321 5,244

Other16 20,687 + 8,137 + 10,385 27,730

Other liabilities and capital17 66,292 + 597 + 1,915 65,992

Total factors, other than reserve balances,

absorbing reserve funds 1,973,969 + 42,095 + 297,576 1,978,141

Reserve balances with Federal Reserve Banks 2,558,957 - 39,572 - 227,835 2,555,790

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

Aug 12, 2015 Aug 5, 2015 Aug 13, 2014

Wednesday

Aug 12, 2015

Securities held in custody for foreign official and international

accounts 3,361,609 + 5,959 + 36,406 3,368,240

Marketable U.S. Treasury securities1 3,021,465 + 6,237 + 29,074 3,028,245

Federal agency debt and mortgage-backed securities2 295,634 - 219 + 5,919 295,488

Other securities3 44,510 - 59 + 1,412 44,506

Securities lent to dealers 12,534 + 492 + 1,958 12,649

Overnight facility4 12,534 + 492 + 1,958 12,649

U.S. Treasury securities 12,475 + 497 + 2,858 12,586

Federal agency debt securities 59 - 5 - 899 63

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, August 12, 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 77 161 0 0 0 ... 238

U.S. Treasury securities1

Holdings 1,287 2 153,952 1,098,292 563,327 644,835 2,461,694

Weekly changes 0 0 + 3 + 14 + 13 + 60 + 91

Federal agency debt securities2

Holdings 0 947 11,654 20,145 0 2,347 35,093

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 104 9,459 1,725,321 1,734,884

Weekly changes 0 0 0 0 0 + 23 + 23

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

Central bank liquidity swaps5 229 0 0 0 0 0 229

Reverse repurchase agreements4 228,196 0 ... ... ... ... 228,196

Term deposits 66,066 0 0 ... ... ... 66,066

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 Aug 12, 2015

Mortgage-backed securities held outright1 1,734,884

Commitments to buy mortgage-backed securities2 43,046

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 30

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 Aug 12, 2015

Net portfolio holdings of Maiden Lane LLC1 1,702

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

Aug 12, 2015 Aug 5, 2015 Aug 13, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,889 + 11 - 40

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,410,569 - 140 + 61,645

Securities held outright1 4,231,671 + 114 + 73,891

U.S. Treasury securities 2,461,694 + 91 + 34,047

Bills2 0 0 0

Notes and bonds, nominal2 2,346,641 0 + 32,640

Notes and bonds, inflation-indexed2 98,534 0 + 1,202

Inflation compensation3 16,519 + 90 + 205

Federal agency debt securities2 35,093 0 - 6,469

Mortgage-backed securities4 1,734,884 + 23 + 46,313

Unamortized premiums on securities held outright5 195,988 - 323 - 13,574

Unamortized discounts on securities held outright5 -17,328 + 30 + 1,364

Repurchase agreements6 0 0 0

Loans 238 + 38 - 36

Net portfolio holdings of Maiden Lane LLC7 1,702 0 + 33

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 - 44

Items in process of collection (0) 205 - 18 + 124

Bank premises 2,235 0 - 26

Central bank liquidity swaps10 229 - 79 + 154

Foreign currency denominated assets11 19,772 + 420 - 3,888

Other assets12 36,412 + 2,728 - 547

Total assets (0) 4,489,250 + 2,921 + 57,327

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

Aug 12, 2015 Aug 5, 2015 Aug 13, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,331,786 + 1,715 + 86,913

Reverse repurchase agreements13 228,196 - 20,854 - 5,410

Deposits (0) 2,862,818 + 20,917 - 26,282

Term deposits held by depository institutions 66,066 + 66,066 + 66,066

Other deposits held by depository institutions 2,555,790 - 68,222 - 243,560

U.S. Treasury, General Account 207,989 + 9,234 + 139,319

Foreign official 5,244 0 - 1,322

Other14 (0) 27,730 + 13,840 + 13,215

Deferred availability cash items (0) 458 + 138 - 206

Other liabilities and accrued dividends15 7,806 + 985 + 461

Total liabilities (0) 4,431,064 + 2,901 + 55,476

Capital accounts

Capital paid in 29,093 + 10 + 925

Surplus 29,093 + 10 + 925

Other capital accounts 0 0 0

Total capital 58,186 + 21 + 1,851

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, 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, August 12, 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 1,889 43 63 131 134 302 194 275 32 44 150 195 326

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,410,569 111,801 2,647,595 109,692 106,035 239,541 248,377 163,872 46,033 26,947 57,301 142,081 511,294

Securities held outright1 4,231,671 107,271 2,540,323 105,249 101,739 229,837 238,294 157,225 44,130 25,735 54,972 136,316 490,580

U.S. Treasury securities 2,461,694 62,403 1,477,784 61,226 59,185 133,703 138,623 91,463 25,672 14,971 31,979 79,299 285,385

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

Notes and bonds3 2,461,694 62,403 1,477,784 61,226 59,185 133,703 138,623 91,463 25,672 14,971 31,979 79,299 285,385

Federal agency debt securities2 35,093 890 21,067 873 844 1,906 1,976 1,304 366 213 456 1,130 4,068

Mortgage-backed securities4 1,734,884 43,978 1,041,472 43,149 41,711 94,228 97,695 64,459 18,092 10,551 22,537 55,886 201,126

Unamortized premiums on securities 

held outright5 195,988 4,968 117,654 4,875 4,712 10,645 11,036 7,282 2,044 1,192 2,546 6,313 22,721

Unamortized discounts on securities 

held outright5 -17,328 -439 -10,402 -431 -417 -941 -976 -644 -181 -105 -225 -558 -2,009

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

Loans 238 1 21 0 0 0 22 9 40 125 8 10 2

Net portfolio holdings of Maiden

Lane LLC7 1,702 0 1,702 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 205 0 0 0 0 0 204 0 0 0 0 0 0

Bank premises 2,235 126 435 73 108 216 208 204 118 93 238 220 197

Central bank liquidity swaps10 229 10 74 13 18 53 13 6 2 1 2 3 34

Foreign currency denominated

assets11 19,772 896 6,375 1,105 1,541 4,536 1,125 531 184 83 208 285 2,903

Other assets12 36,412 964 21,348 919 889 2,140 2,075 1,368 482 252 517 1,235 4,225

Interdistrict settlement account 0 + 7,500 - 100,169 + 11,534 + 26,593 + 38,980 - 11,593 + 6,280 + 7,998 + 4,322 + 2,266 + 5,822 + 468

Total assets 4,489,250 121,882 2,582,950 124,016 136,059 286,962 242,857 173,695 55,298 32,004 61,123 151,013 521,389

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, August 12, 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 1,511,444 49,080 492,754 50,165 81,584 104,400 207,973 105,803 50,224 26,779 41,573 117,824 183,286

Less: Notes held by F.R. Banks 179,657 6,148 59,247 6,134 9,243 12,573 22,574 10,975 5,032 2,910 4,797 15,010 25,012

Federal Reserve notes, net 1,331,786 42,933 433,507 44,031 72,341 91,826 185,399 94,827 45,191 23,869 36,775 102,814 158,274

Reverse repurchase agreements13 228,196 5,785 136,989 5,676 5,486 12,394 12,850 8,478 2,380 1,388 2,964 7,351 26,455

Deposits 2,862,818 70,343 1,989,183 70,829 53,467 168,900 40,693 68,472 6,993 6,069 20,615 39,729 327,524

Term deposits held by depository

institutions 66,066 25 31,518 9,300 7,000 18 0 4,340 0 15 2,350 0 11,500

Other deposits held by depository

institutions 2,555,790 70,314 1,722,928 61,527 46,464 168,654 40,683 58,202 6,958 6,054 18,264 39,727 316,015

U.S. Treasury, General Account 207,989 0 207,989 0 0 0 0 0 0 0 0 0 0

Foreign official 5,244 2 5,217 2 3 9 2 1 0 0 0 1 6

Other14 27,730 2 21,532 0 0 219 7 5,929 36 0 1 2 3

Deferred availability cash items 458 0 0 0 0 0 182 0 0 276 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 2,636 71 1,519 75 81 204 141 91 23 13 34 71 312

Other liabilities and accrued

dividends 5,170 148 2,682 187 196 493 314 244 140 134 119 179 334

Total liabilities 4,431,064 119,279 2,563,880 120,797 131,571 273,818 239,578 172,113 54,728 31,749 60,509 150,144 512,898

Capital

Capital paid in 29,093 1,302 9,535 1,610 2,244 6,572 1,640 791 285 127 307 434 4,245

Surplus 29,093 1,302 9,535 1,610 2,244 6,572 1,640 791 285 127 307 434 4,245

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

Total liabilities and capital 4,489,250 121,882 2,582,950 124,016 136,059 286,962 242,857 173,695 55,298 32,004 61,123 151,013 521,389

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, August 12, 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 Aug 12, 2015

Federal Reserve notes outstanding 1,511,444

Less: Notes held by F.R. Banks not subject to collateralization 179,657

Federal Reserve notes to be collateralized 1,331,786

Collateral held against Federal Reserve notes 1,331,786

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,315,549

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,231,671

Less: Face value of securities under reverse repurchase agreements 217,894

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 4,013,777

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.