FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 6, 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 5, 2015 Jul 29, 2015 Aug 6, 2014

Wednesday

Aug 5, 2015

Reserve Bank credit 4,447,611 - 9,003 + 81,945 4,448,541

Securities held outright1 4,231,500 - 8,245 + 93,404 4,231,557

U.S. Treasury securities 2,461,558 + 105 + 39,953 2,461,603

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,641 0 + 38,616 2,346,641

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

Inflation compensation3 16,383 + 105 + 134 16,429

Federal agency debt securities2 35,093 0 - 7,034 35,093

Mortgage-backed securities4 1,734,849 - 8,349 + 60,486 1,734,861

Unamortized premiums on securities held outright5 196,492 - 586 - 12,692 196,311

Unamortized discounts on securities held outright5 -17,374 + 31 + 1,258 -17,358

Repurchase agreements6 0 0 0 0

Loans 198 - 4 - 76 200

Primary credit 10 + 5 - 24 3

Secondary credit 0 0 0 0

Seasonal credit 188 - 8 - 18 197

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 + 4 + 42 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 - 57 0

Float -4 + 69 + 606 -97

Central bank liquidity swaps11 308 - 51 + 233 308

Other Federal Reserve assets12 34,787 - 224 - 689 35,918

Foreign currency denominated assets13 19,542 - 39 - 4,166 19,352

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding14 47,009 + 14 + 960 47,009

Total factors supplying reserve funds 4,530,403 - 9,028 + 78,739 4,531,143

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 5, 2015 Jul 29, 2015 Aug 6, 2014

Wednesday

Aug 5, 2015

Currency in circulation14 1,373,196 + 2,424 + 86,234 1,375,066

Reverse repurchase agreements15 271,576 + 30,494 + 46,334 249,050

Foreign official and international accounts 163,854 + 9,019 + 55,128 162,181

Others 107,722 + 21,474 - 8,794 86,869

Treasury cash holdings 112 + 15 - 30 139

Deposits with F.R. Banks, other than reserve balances 221,295 - 15,762 + 134,500 217,890

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 203,501 + 6,676 + 131,988 198,755

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

Other16 12,550 - 22,438 + 3,832 13,890

Other liabilities and capital17 65,695 - 82 + 2,502 64,986

Total factors, other than reserve balances,

absorbing reserve funds 1,931,874 + 17,088 + 269,540 1,907,132

Reserve balances with Federal Reserve Banks 2,598,529 - 26,117 - 190,801 2,624,012

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 5, 2015 Jul 29, 2015 Aug 6, 2014

Wednesday

Aug 5, 2015

Securities held in custody for foreign official and international

accounts 3,355,650 + 27,652 + 27,720 3,357,714

Marketable U.S. Treasury securities1 3,015,228 + 29,368 + 19,643 3,017,429

Federal agency debt and mortgage-backed securities2 295,853 - 2,112 + 6,175 295,738

Other securities3 44,569 + 396 + 1,902 44,546

Securities lent to dealers 12,042 + 1,153 + 710 12,999

Overnight facility4 12,042 + 1,153 + 710 12,999

U.S. Treasury securities 11,978 + 1,155 + 1,664 12,946

Federal agency debt securities 64 - 2 - 954 53

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 5, 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 33 167 0 0 0 ... 200

U.S. Treasury securities1

Holdings 1,287 2 153,949 1,098,278 563,314 644,775 2,461,603

Weekly changes + 1,286 - 1,286 + 7,196 - 1,151 - 6,010 + 68 + 101

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 1,725,298 1,734,861

Weekly changes 0 0 0 + 28 + 26 - 26 + 27

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

Central bank liquidity swaps5 308 0 0 0 0 0 308

Reverse repurchase agreements4 249,050 0 ... ... ... ... 249,050

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 Aug 5, 2015

Mortgage-backed securities held outright1 1,734,861

Commitments to buy mortgage-backed securities2 36,313

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 43

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 5, 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 5, 2015 Jul 29, 2015 Aug 6, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,878 - 5 - 40

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,410,709 - 206 + 80,857

Securities held outright1 4,231,557 + 128 + 92,501

U.S. Treasury securities 2,461,603 + 101 + 39,037

Bills2 0 0 0

Notes and bonds, nominal2 2,346,641 0 + 37,673

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

Inflation compensation3 16,429 + 103 + 163

Federal agency debt securities2 35,093 0 - 7,034

Mortgage-backed securities4 1,734,861 + 27 + 60,498

Unamortized premiums on securities held outright5 196,311 - 368 - 12,866

Unamortized discounts on securities held outright5 -17,358 + 31 + 1,289

Repurchase agreements6 0 0 0

Loans 200 + 3 - 65

Net portfolio holdings of Maiden Lane LLC7 1,702 + 1 + 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) 223 - 21 + 143

Bank premises 2,235 - 7 - 22

Central bank liquidity swaps10 308 - 51 + 233

Foreign currency denominated assets11 19,352 - 231 - 4,305

Other assets12 33,684 + 1,369 - 553

Total assets (0) 4,486,329 + 849 + 76,218

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 5, 2015 Jul 29, 2015 Aug 6, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,330,071 + 2,362 + 85,604

Reverse repurchase agreements13 249,050 + 6,539 + 19,657

Deposits (0) 2,841,901 - 8,027 - 30,524

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,624,012 - 8,818 - 165,394

U.S. Treasury, General Account 198,755 - 4,623 + 129,431

Foreign official 5,244 + 1 - 1,321

Other14 (0) 13,890 + 5,414 + 6,760

Deferred availability cash items (0) 320 + 40 - 531

Other liabilities and accrued dividends15 6,821 + 70 + 157

Total liabilities (0) 4,428,163 + 984 + 74,363

Capital accounts

Capital paid in 29,083 - 67 + 928

Surplus 29,083 - 67 + 928

Other capital accounts 0 0 0

Total capital 58,165 - 135 + 1,854

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 5, 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 1,878 39 63 130 132 301 193 276 32 44 148 195 326

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,410,709 111,804 2,647,683 109,697 106,039 239,551 248,388 163,878 46,033 26,936 57,303 142,083 511,315

Securities held outright1 4,231,557 107,268 2,540,254 105,246 101,737 229,831 238,288 157,221 44,129 25,735 54,970 136,312 490,567

U.S. Treasury securities 2,461,603 62,400 1,477,730 61,224 59,183 133,698 138,618 91,460 25,671 14,970 31,978 79,296 285,375

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

Notes and bonds3 2,461,603 62,400 1,477,730 61,224 59,183 133,698 138,618 91,460 25,671 14,970 31,978 79,296 285,375

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 1,734,861 43,978 1,041,457 43,149 41,710 94,227 97,694 64,458 18,092 10,551 22,537 55,886 201,123

Unamortized premiums on securities 

held outright5 196,311 4,976 117,848 4,883 4,720 10,662 11,055 7,294 2,047 1,194 2,550 6,324 22,758

Unamortized discounts on securities 

held outright5 -17,358 -440 -10,420 -432 -417 -943 -977 -645 -181 -106 -225 -559 -2,012

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

Loans 200 0 2 0 0 0 23 8 38 113 8 6 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 223 0 0 0 0 0 221 0 0 0 0 0 1

Bank premises 2,235 126 435 73 108 215 208 204 118 93 238 220 196

Central bank liquidity swaps10 308 14 99 17 24 71 18 8 3 1 3 4 45

Foreign currency denominated

assets11 19,352 877 6,240 1,081 1,508 4,440 1,101 520 180 81 204 279 2,841

Other assets12 33,684 897 19,722 849 824 1,993 1,922 1,270 455 241 480 1,117 3,914

Interdistrict settlement account 0 + 12,003 - 109,840 + 13,976 + 30,850 + 38,169 - 10,431 + 7,069 + 8,205 + 4,463 + 3,364 + 8,662 - 6,491

Total assets 4,486,329 126,303 2,571,631 126,374 140,228 285,934 243,874 174,384 55,475 32,121 62,181 153,732 514,091

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 5, 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 1,510,586 49,145 491,345 50,253 81,365 104,441 207,769 105,781 50,290 26,799 41,624 118,039 183,736

Less: Notes held by F.R. Banks 180,516 6,204 61,095 6,017 9,337 12,548 22,710 10,952 5,015 2,955 4,870 14,023 24,788

Federal Reserve notes, net 1,330,071 42,941 430,250 44,235 72,028 91,892 185,058 94,829 45,275 23,844 36,754 104,015 158,948

Reverse repurchase agreements13 249,050 6,313 149,508 6,194 5,988 13,527 14,025 9,253 2,597 1,515 3,235 8,023 28,873

Deposits 2,841,901 74,251 1,969,206 72,443 57,503 166,835 40,877 68,401 6,877 6,246 21,437 40,589 317,237

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 2,624,012 74,247 1,755,243 72,441 57,500 166,621 40,868 64,756 6,841 6,245 21,435 40,587 317,228

U.S. Treasury, General Account 198,755 0 198,755 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 13,890 2 9,992 0 0 205 7 3,644 36 0 1 1 3

Deferred availability cash items 320 0 0 0 0 0 202 0 0 118 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,958 49 1,202 99 28 53 123 76 19 11 24 67 208

Other liabilities and accrued

dividends 4,863 146 2,399 183 194 482 313 244 138 133 117 177 335

Total liabilities 4,428,163 123,700 2,552,565 123,155 135,742 272,790 240,598 172,803 54,906 31,866 61,567 152,870 505,601

Capital

Capital paid in 29,083 1,302 9,533 1,610 2,243 6,572 1,638 790 285 127 307 431 4,245

Surplus 29,083 1,302 9,533 1,610 2,243 6,572 1,638 790 285 127 307 431 4,245

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

Total liabilities and capital 4,486,329 126,303 2,571,631 126,374 140,228 285,934 243,874 174,384 55,475 32,121 62,181 153,732 514,091

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 5, 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 5, 2015

Federal Reserve notes outstanding 1,510,586

Less: Notes held by F.R. Banks not subject to collateralization 180,516

Federal Reserve notes to be collateralized 1,330,071

Collateral held against Federal Reserve notes 1,330,071

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,313,834

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,231,557

Less: Face value of securities under reverse repurchase agreements 232,108

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,999,450

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.