FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks June 11, 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 10, 2015 Jun 3, 2015 Jun 11, 2014

Wednesday

Jun 10, 2015

Reserve Bank credit 4,428,598 + 1,654 + 134,940 4,429,437

Securities held outright1 4,219,114 + 61 + 144,911 4,219,135

U.S. Treasury securities 2,460,783 + 60 + 78,651 2,460,803

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,643 0 + 75,961 2,346,643

Notes and bonds, inflation-indexed2 98,534 0 + 2,466 98,534

Inflation compensation3 15,606 + 60 + 224 15,626

Federal agency debt securities2 35,895 0 - 8,187 35,895

Mortgage-backed securities4 1,722,436 + 1 + 74,447 1,722,437

Unamortized premiums on securities held outright5 199,076 - 336 - 10,108 198,952

Unamortized discounts on securities held outright5 -17,631 + 30 + 600 -17,620

Repurchase agreements6 0 0 0 0

Loans 123 + 16 - 46 132

Primary credit 6 - 7 - 3 2

Secondary credit 0 0 0 0

Seasonal credit 116 + 22 + 35 130

Term Asset-Backed Securities Loan Facility7 0 0 - 79 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,699 0 + 45 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 -390 - 65 + 209 -462

Central bank liquidity swaps11 0 0 - 174 0

Other Federal Reserve assets12 26,607 + 1,948 - 322 27,604

Foreign currency denominated assets13 19,719 + 134 - 4,188 19,956

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding14 46,811 + 14 + 900 46,811

Total factors supplying reserve funds 4,511,369 + 1,802 + 131,652 4,512,446

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 10, 2015 Jun 3, 2015 Jun 11, 2014

Wednesday

Jun 10, 2015

Currency in circulation14 1,366,733 - 1,490 + 87,122 1,366,906

Reverse repurchase agreements15 231,199 - 54,198 + 24,281 226,199

Foreign official and international accounts 147,319 - 5,003 + 44,958 145,746

Others 83,880 - 49,196 - 20,677 80,453

Treasury cash holdings 194 + 27 + 6 134

Deposits with F.R. Banks, other than reserve balances 192,148 - 152,689 + 73,318 191,870

Term deposits held by depository institutions 0 - 145,702 - 59,102 0

U.S. Treasury, General Account 178,468 - 7,326 + 131,547 172,918

Foreign official 5,241 + 9 - 974 5,241

Other16 8,439 + 330 + 1,847 13,711

Other liabilities and capital17 66,814 + 636 + 2,154 65,678

Total factors, other than reserve balances,

absorbing reserve funds 1,857,088 - 207,714 + 186,881 1,850,787

Reserve balances with Federal Reserve Banks 2,654,281 + 209,516 - 55,229 2,661,659

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 10, 2015 Jun 3, 2015 Jun 11, 2014

Wednesday

Jun 10, 2015

Securities held in custody for foreign official and international

accounts 3,356,798 + 3,188 + 48,740 3,360,437

Marketable U.S. Treasury securities1 3,025,222 + 3,079 + 52,870 3,028,475

Federal agency debt and mortgage-backed securities2 287,515 + 40 - 6,725 287,816

Other securities3 44,061 + 69 + 2,594 44,145

Securities lent to dealers 10,132 - 802 - 2,122 10,295

Overnight facility4 10,132 - 802 - 2,122 10,295

U.S. Treasury securities 9,930 - 729 - 1,518 10,144

Federal agency debt securities 202 - 72 - 605 151

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 10, 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 24 108 0 0 0 ... 132

U.S. Treasury securities1

Holdings 0 1,289 129,567 1,098,748 586,954 644,244 2,460,803

Weekly changes 0 0 0 + 7 + 10 + 35 + 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 9,509 1,712,892 1,722,437

Weekly changes 0 0 0 0 + 7 - 5 + 1

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

Central bank liquidity swaps5 0 0 0 0 0 0 0

Reverse repurchase agreements4 226,199 0 ... ... ... ... 226,199

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 10, 2015

Mortgage-backed securities held outright1 1,722,437

Commitments to buy mortgage-backed securities2 54,595

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 9

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 10, 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 10, 2015 Jun 3, 2015 Jun 11, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,829 + 34 - 51

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,400,599 - 231 + 131,698

Securities held outright1 4,219,135 + 55 + 141,249

U.S. Treasury securities 2,460,803 + 54 + 75,002

Bills2 0 0 0

Notes and bonds, nominal2 2,346,643 0 + 72,323

Notes and bonds, inflation-indexed2 98,534 0 + 2,466

Inflation compensation3 15,626 + 54 + 212

Federal agency debt securities2 35,895 0 - 8,187

Mortgage-backed securities4 1,722,437 + 1 + 74,434

Unamortized premiums on securities held outright5 198,952 - 324 - 10,149

Unamortized discounts on securities held outright5 -17,620 + 30 + 649

Repurchase agreements6 0 0 0

Loans 132 + 8 - 51

Net portfolio holdings of Maiden Lane LLC7 1,696 - 4 + 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) 82 + 2 - 2

Bank premises 2,240 + 3 - 22

Central bank liquidity swaps10 0 0 - 174

Foreign currency denominated assets11 19,956 + 106 - 3,918

Other assets12 25,367 + 2,736 - 296

Total assets (0) 4,468,005 + 2,645 + 127,101

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 10, 2015 Jun 3, 2015 Jun 11, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,322,053 - 1,730 + 85,992

Reverse repurchase agreements13 226,199 - 16,387 + 13,063

Deposits (0) 2,853,531 + 20,887 + 26,313

Term deposits held by depository institutions 0 - 145,702 - 59,102

Other deposits held by depository institutions 2,661,661 + 171,617 - 47,581

U.S. Treasury, General Account 172,918 - 11,181 + 130,498

Foreign official 5,241 + 10 - 705

Other14 (0) 13,711 + 6,142 + 3,203

Deferred availability cash items (0) 544 + 173 - 154

Other liabilities and accrued dividends15 7,427 - 299 - 54

Total liabilities (0) 4,409,754 + 2,644 + 125,161

Capital accounts

Capital paid in 29,125 0 + 970

Surplus 29,125 0 + 970

Other capital accounts 0 0 0

Total capital 58,251 + 1 + 1,941

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 10, 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 1,829 33 61 126 126 292 195 268 26 46 147 193 315

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,400,599 111,552 2,641,653 109,447 105,798 239,005 247,818 163,509 45,907 26,826 57,172 141,758 510,154

Securities held outright1 4,219,135 106,953 2,532,797 104,937 101,438 229,156 237,588 156,760 43,999 25,659 54,809 135,912 489,126

U.S. Treasury securities 2,460,803 62,380 1,477,250 61,204 59,164 133,655 138,573 91,430 25,662 14,966 31,967 79,271 285,282

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

Notes and bonds3 2,460,803 62,380 1,477,250 61,204 59,164 133,655 138,573 91,430 25,662 14,966 31,967 79,271 285,282

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 1,722,437 43,663 1,034,000 42,840 41,411 93,552 96,994 63,996 17,962 10,475 22,375 55,485 199,683

Unamortized premiums on securities 

held outright5 198,952 5,043 119,433 4,948 4,783 10,806 11,203 7,392 2,075 1,210 2,584 6,409 23,065

Unamortized discounts on securities 

held outright5 -17,620 -447 -10,577 -438 -424 -957 -992 -655 -184 -107 -229 -568 -2,043

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

Loans 132 2 0 0 0 0 19 12 17 64 8 5 6

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 82 0 0 0 0 0 81 0 0 1 0 0 0

Bank premises 2,240 125 435 73 108 216 209 203 119 94 239 220 197

Central bank liquidity swaps10 0 0 0 0 0 0 0 0 0 0 0 0 0

Foreign currency denominated

assets11 19,956 905 6,434 1,115 1,556 4,579 1,135 536 186 84 210 287 2,930

Other assets12 25,367 672 14,657 638 617 1,540 1,451 956 488 181 360 869 2,939

Interdistrict settlement account 0 + 10,620 - 93,089 + 3,757 + 28,172 + 16,474 - 11,342 + 4,088 + 4,309 + 4,156 + 3,272 + 10,857 + 18,727

Total assets 4,468,005 124,449 2,577,374 115,706 137,118 263,302 241,801 170,718 51,484 31,648 61,842 155,357 537,206

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 10, 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 1,504,402 50,002 485,867 50,953 79,383 104,015 207,972 105,878 45,799 26,548 41,736 119,640 186,608

Less: Notes held by F.R. Banks 182,349 5,593 63,938 5,137 9,387 12,168 23,258 11,436 4,893 2,794 4,825 14,204 24,716

Federal Reserve notes, net 1,322,053 44,409 421,930 45,817 69,995 91,847 184,715 94,442 40,906 23,754 36,911 105,436 161,892

Reverse repurchase agreements13 226,199 5,734 135,790 5,626 5,438 12,286 12,738 8,404 2,359 1,376 2,938 7,287 26,223

Deposits 2,853,531 71,469 1,997,042 60,633 56,899 145,257 40,353 65,942 7,495 5,812 21,235 41,514 339,880

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 2,661,661 71,465 1,805,366 60,631 56,896 145,136 40,343 65,939 7,459 5,812 21,234 41,508 339,872

U.S. Treasury, General Account 172,918 0 172,918 0 0 0 0 0 0 0 0 0 0

Foreign official 5,241 2 5,214 2 3 9 2 1 0 0 0 1 6

Other14 13,711 2 13,544 0 0 111 7 2 36 0 1 5 2

Deferred availability cash items 544 0 0 0 0 0 240 0 0 304 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 2,285 56 1,393 57 56 131 124 81 19 11 26 69 262

Other liabilities and accrued

dividends 5,143 178 2,198 225 245 635 350 269 142 135 125 193 449

Total liabilities 4,409,754 121,846 2,558,354 112,357 132,632 250,155 238,519 169,138 50,920 31,392 61,236 154,498 528,707

Capital

Capital paid in 29,125 1,302 9,510 1,675 2,243 6,573 1,641 790 282 128 303 430 4,250

Surplus 29,125 1,302 9,510 1,675 2,243 6,573 1,641 790 282 128 303 430 4,250

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

Total liabilities and capital 4,468,005 124,449 2,577,374 115,706 137,118 263,302 241,801 170,718 51,484 31,648 61,842 155,357 537,206

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 10, 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 10, 2015

Federal Reserve notes outstanding 1,504,402

Less: Notes held by F.R. Banks not subject to collateralization 182,349

Federal Reserve notes to be collateralized 1,322,053

Collateral held against Federal Reserve notes 1,322,053

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,305,816

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,219,135

Less: Face value of securities under reverse repurchase agreements 213,006

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 4,006,129

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.