FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks June 25, 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

Jun 24, 2015 Jun 17, 2015 Jun 25, 2014

Wednesday

Jun 24, 2015

Reserve Bank credit 4,460,131 + 8,468 + 127,963 4,456,803

Securities held outright1 4,246,767 + 7,072 + 137,270 4,243,199

U.S. Treasury securities 2,460,891 + 54 + 66,524 2,460,911

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,642 0 + 64,729 2,346,642

Notes and bonds, inflation-indexed2 98,534 0 + 1,763 98,534

Inflation compensation3 15,715 + 54 + 32 15,735

Federal agency debt securities2 35,895 0 - 7,764 35,895

Mortgage-backed securities4 1,749,981 + 7,018 + 78,511 1,746,393

Unamortized premiums on securities held outright5 199,221 - 112 - 10,537 198,918

Unamortized discounts on securities held outright5 -17,562 + 35 + 836 -17,550

Repurchase agreements6 0 0 0 0

Loans 176 + 27 - 28 207

Primary credit 23 + 9 - 7 49

Secondary credit 0 0 0 0

Seasonal credit 153 + 18 + 28 158

Term Asset-Backed Securities Loan Facility7 0 0 - 50 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,696 0 + 42 1,696

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 - 90 0

Float -334 + 25 + 152 -353

Central bank liquidity swaps11 115 + 1 - 9 115

Other Federal Reserve assets12 30,051 + 1,418 + 410 30,571

Foreign currency denominated assets13 19,930 + 71 - 4,014 19,723

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding14 46,839 + 14 + 893 46,839

Total factors supplying reserve funds 4,543,142 + 8,553 + 124,843 4,539,606

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

Jun 24, 2015 Jun 17, 2015 Jun 25, 2014

Wednesday

Jun 24, 2015

Currency in circulation14 1,364,284 - 672 + 85,744 1,365,349

Reverse repurchase agreements15 310,776 + 63,911 + 97,031 289,416

Foreign official and international accounts 151,226 - 583 + 47,789 152,774

Others 159,551 + 64,495 + 49,243 136,642

Treasury cash holdings 130 - 4 - 31 102

Deposits with F.R. Banks, other than reserve balances 270,743 + 36,744 + 49,783 325,837

Term deposits held by depository institutions 0 0 - 92,690 0

U.S. Treasury, General Account 239,498 + 31,850 + 132,254 240,762

Foreign official 5,242 - 4 - 718 5,243

Other16 26,003 + 4,898 + 10,936 79,833

Other liabilities and capital17 66,883 - 448 + 2,293 65,372

Total factors, other than reserve balances,

absorbing reserve funds 2,012,817 + 99,532 + 234,821 2,046,077

Reserve balances with Federal Reserve Banks 2,530,324 - 90,980 - 109,979 2,493,529

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

Jun 24, 2015 Jun 17, 2015 Jun 25, 2014

Wednesday

Jun 24, 2015

Securities held in custody for foreign official and international

accounts 3,368,074 + 3,111 + 53,071 3,365,889

Marketable U.S. Treasury securities1 3,021,643 - 779 + 41,013 3,021,400

Federal agency debt and mortgage-backed securities2 301,735 + 3,470 + 8,782 299,313

Other securities3 44,696 + 421 + 3,276 45,176

Securities lent to dealers 11,453 + 310 - 1,833 11,216

Overnight facility4 11,453 + 310 - 1,833 11,216

U.S. Treasury securities 11,311 + 337 - 914 11,071

Federal agency debt securities 142 - 27 - 920 145

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, June 24, 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 185 22 0 0 0 ... 207

U.S. Treasury securities1

Holdings 1 1,288 129,567 1,098,764 586,975 644,316 2,460,911

Weekly changes 0 0 0 + 8 + 10 + 36 + 54

Federal agency debt securities2

Holdings 0 802 9,997 22,749 0 2,347 35,895

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 36 9,484 1,736,873 1,746,393

Weekly changes 0 0 0 0 0 + 5,516 + 5,516

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

Central bank liquidity swaps5 115 0 0 0 0 0 115

Reverse repurchase agreements4 289,416 0 ... ... ... ... 289,416

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 Jun 24, 2015

Mortgage-backed securities held outright1 1,746,393

Commitments to buy mortgage-backed securities2 28,732

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 46

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 Jun 24, 2015

Net portfolio holdings of Maiden Lane LLC1 1,696

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 March 31, 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

Jun 24, 2015 Jun 17, 2015 Jun 25, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,867 + 23 - 26

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,424,774 + 5,396 + 128,940

Securities held outright1 4,243,199 + 5,570 + 138,671

U.S. Treasury securities 2,460,911 + 54 + 63,939

Bills2 0 0 0

Notes and bonds, nominal2 2,346,642 0 + 62,155

Notes and bonds, inflation-indexed2 98,534 0 + 1,763

Inflation compensation3 15,735 + 54 + 20

Federal agency debt securities2 35,895 0 - 7,764

Mortgage-backed securities4 1,746,393 + 5,516 + 82,496

Unamortized premiums on securities held outright5 198,918 - 220 - 10,546

Unamortized discounts on securities held outright5 -17,550 + 32 + 883

Repurchase agreements6 0 0 0

Loans 207 + 14 - 67

Net portfolio holdings of Maiden Lane LLC7 1,696 0 + 42

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 - 90

Items in process of collection (0) 72 - 17 + 6

Bank premises 2,243 0 - 20

Central bank liquidity swaps10 115 + 1 - 9

Foreign currency denominated assets11 19,723 - 71 - 4,287

Other assets12 28,328 + 1,906 + 2,235

Total assets (0) 4,495,055 + 7,238 + 126,707

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

Jun 24, 2015 Jun 17, 2015 Jun 25, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,320,475 + 112 + 84,270

Reverse repurchase agreements13 289,416 + 27,967 + 66,673

Deposits (0) 2,819,366 - 20,890 - 26,047

Term deposits held by depository institutions 0 0 - 92,690

Other deposits held by depository institutions 2,493,529 - 81,977 - 134,531

U.S. Treasury, General Account 240,762 - 10,607 + 132,698

Foreign official 5,243 + 1 - 709

Other14 (0) 79,833 + 71,695 + 69,185

Deferred availability cash items (0) 425 + 59 - 166

Other liabilities and accrued dividends15 7,108 - 3 + 34

Total liabilities (0) 4,436,791 + 7,246 + 124,765

Capital accounts

Capital paid in 29,132 - 4 + 971

Surplus 29,132 - 4 + 971

Other capital accounts 0 0 0

Total capital 58,264 - 8 + 1,943

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, June 24, 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 1,867 34 62 128 128 297 205 276 32 48 149 196 312

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,424,774 112,164 2,656,123 110,046 106,377 240,314 249,182 164,407 46,215 26,980 57,487 142,535 512,946

Securities held outright1 4,243,199 107,563 2,547,243 105,535 102,017 230,463 238,943 157,654 44,250 25,805 55,121 136,687 491,916

U.S. Treasury securities 2,460,911 62,383 1,477,314 61,207 59,166 133,661 138,579 91,434 25,664 14,966 31,969 79,274 285,295

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

Notes and bonds3 2,460,911 62,383 1,477,314 61,207 59,166 133,661 138,579 91,434 25,664 14,966 31,969 79,274 285,295

Federal agency debt securities2 35,895 910 21,548 893 863 1,950 2,021 1,334 374 218 466 1,156 4,161

Mortgage-backed securities4 1,746,393 44,270 1,048,381 43,436 41,987 94,853 98,343 64,886 18,212 10,621 22,687 56,257 202,460

Unamortized premiums on securities 

held outright5 198,918 5,042 119,413 4,947 4,782 10,804 11,201 7,391 2,074 1,210 2,584 6,408 23,061

Unamortized discounts on securities 

held outright5 -17,550 -445 -10,535 -436 -422 -953 -988 -652 -183 -107 -228 -565 -2,035

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

Loans 207 3 2 0 0 0 25 14 73 71 10 5 4

Net portfolio holdings of Maiden

Lane LLC7 1,696 0 1,696 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 72 0 0 0 0 0 71 0 0 0 0 0 0

Bank premises 2,243 125 436 73 108 217 208 204 119 94 239 221 198

Central bank liquidity swaps10 115 5 37 6 9 26 7 3 1 0 1 2 17

Foreign currency denominated

assets11 19,723 894 6,358 1,102 1,537 4,525 1,122 530 184 83 207 284 2,896

Other assets12 28,328 751 16,410 711 689 1,699 1,601 1,059 514 202 402 1,018 3,273

Interdistrict settlement account 0 + 13,341 - 29,940 + 11,376 + 22,833 + 7,515 - 16,012 + 9,607 + 4,368 + 3,616 + 1,331 + 4,307 - 32,342

Total assets 4,495,055 127,857 2,656,708 123,993 132,424 255,789 238,639 177,242 51,881 31,285 60,257 149,735 489,244

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, June 24, 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 1,506,927 49,690 488,202 50,719 79,721 104,384 207,711 106,159 46,851 26,569 41,669 119,177 186,075

Less: Notes held by F.R. Banks 186,452 5,892 64,412 5,690 10,018 12,937 23,665 11,437 5,079 2,807 4,777 14,203 25,535

Federal Reserve notes, net 1,320,475 43,797 423,790 45,029 69,703 91,448 184,045 94,722 41,772 23,762 36,892 104,974 160,540

Reverse repurchase agreements13 289,416 7,337 173,740 7,198 6,958 15,719 16,298 10,753 3,018 1,760 3,760 9,323 33,552

Deposits 2,819,366 73,890 2,036,782 68,142 50,984 134,744 34,313 69,841 6,368 5,162 18,850 34,319 285,970

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 2,493,529 73,886 1,711,114 68,140 50,981 134,648 34,304 69,838 6,331 5,162 18,848 34,316 285,961

U.S. Treasury, General Account 240,762 0 240,762 0 0 0 0 0 0 0 0 0 0

Foreign official 5,243 2 5,216 2 3 9 2 1 0 0 0 1 6

Other14 79,833 2 79,691 0 0 88 7 2 37 0 1 3 2

Deferred availability cash items 425 0 0 0 0 0 226 0 0 199 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,844 42 1,144 41 39 79 106 64 18 10 26 62 213

Other liabilities and accrued

dividends 5,265 188 2,212 233 253 652 370 283 140 137 127 197 471

Total liabilities 4,436,791 125,254 2,637,668 120,644 127,938 242,642 235,357 175,663 51,317 31,031 59,654 148,876 480,746

Capital

Capital paid in 29,132 1,302 9,520 1,675 2,243 6,573 1,641 790 282 127 301 430 4,249

Surplus 29,132 1,302 9,520 1,675 2,243 6,573 1,641 790 282 127 301 430 4,249

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

Total liabilities and capital 4,495,055 127,857 2,656,708 123,993 132,424 255,789 238,639 177,242 51,881 31,285 60,257 149,735 489,244

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, June 24, 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 Jun 24, 2015

Federal Reserve notes outstanding 1,506,927

Less: Notes held by F.R. Banks not subject to collateralization 186,452

Federal Reserve notes to be collateralized 1,320,475

Collateral held against Federal Reserve notes 1,320,475

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,304,238

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,243,199

Less: Face value of securities under reverse repurchase agreements 277,440

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,965,759

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.