FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks April 23, 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

Apr 22, 2015 Apr 15, 2015 Apr 23, 2014

Wednesday

Apr 22, 2015

Reserve Bank credit 4,447,371 - 1,438 + 201,415 4,451,594

Securities held outright1 4,229,038 - 1,820 + 210,106 4,232,885

U.S. Treasury securities 2,459,878 + 113 + 121,622 2,459,920

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,709 0 + 118,207 2,346,709

Notes and bonds, inflation-indexed2 98,468 - 1 + 3,079 98,468

Inflation compensation3 14,701 + 114 + 336 14,743

Federal agency debt securities2 35,895 - 842 - 10,466 35,895

Mortgage-backed securities4 1,733,265 - 1,091 + 98,950 1,737,070

Unamortized premiums on securities held outright5 201,806 - 319 - 8,195 201,775

Unamortized discounts on securities held outright5 -17,862 + 40 - 309 -17,850

Repurchase agreements6 0 0 0 0

Loans 46 + 12 - 62 61

Primary credit 13 + 3 + 3 27

Secondary credit 0 0 0 0

Seasonal credit 33 + 9 + 16 35

Term Asset-Backed Securities Loan Facility7 0 0 - 82 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,694 + 2 + 108 1,694

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 - 92 0

Float -455 + 90 + 68 -474

Central bank liquidity swaps11 0 0 - 407 0

Other Federal Reserve assets12 33,103 + 556 + 283 33,502

Foreign currency denominated assets13 19,577 + 207 - 4,547 19,500

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding14 46,629 + 14 + 830 46,629

Total factors supplying reserve funds 4,529,817 - 1,218 + 197,697 4,533,964

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

Apr 22, 2015 Apr 15, 2015 Apr 23, 2014

Wednesday

Apr 22, 2015

Currency in circulation14 1,359,665 - 2,108 + 89,535 1,359,639

Reverse repurchase agreements15 260,168 + 21,452 + 49,496 275,390

Foreign official and international accounts 156,053 + 2,401 + 51,012 161,242

Others 104,115 + 19,051 - 1,517 114,148

Treasury cash holdings 232 + 2 - 6 222

Deposits with F.R. Banks, other than reserve balances 164,456 + 94,292 + 18,055 214,960

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 150,028 + 99,581 + 38,634 201,073

Foreign official 5,238 + 8 - 1,860 5,231

Other16 9,189 - 5,297 - 18,719 8,656

Other liabilities and capital17 66,249 - 589 + 2,703 66,375

Total factors, other than reserve balances,

absorbing reserve funds 1,850,770 + 113,049 + 159,783 1,916,585

Reserve balances with Federal Reserve Banks 2,679,047 - 114,267 + 37,915 2,617,379

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

Apr 22, 2015 Apr 15, 2015 Apr 23, 2014

Wednesday

Apr 22, 2015

Securities held in custody for foreign official and international

accounts 3,288,639 - 120 - 6,207 3,282,790

Marketable U.S. Treasury securities1 2,964,038 + 3,599 + 6,968 2,956,028

Federal agency debt and mortgage-backed securities2 280,771 - 3,979 - 14,512 283,187

Other securities3 43,830 + 260 + 1,336 43,575

Securities lent to dealers 9,592 - 903 - 2,468 8,778

Overnight facility4 9,592 - 903 - 2,468 8,778

U.S. Treasury securities 9,283 - 896 - 1,684 8,472

Federal agency debt securities 310 - 7 - 784 306

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, April 22, 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 60 1 0 0 0 ... 61

U.S. Treasury securities1

Holdings 450 1,449 64,211 1,112,528 637,983 643,299 2,459,920

Weekly changes 0 0 + 389 - 373 + 22 + 76 + 114

Federal agency debt securities2

Holdings 0 802 7,997 24,749 0 2,347 35,895

Weekly changes 0 + 802 + 1,359 - 2,161 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 20 8,969 1,728,081 1,737,070

Weekly changes 0 0 0 0 + 367 + 2,269 + 2,636

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

Central bank liquidity swaps5 0 0 0 0 0 0 0

Reverse repurchase agreements4 275,390 0 ... ... ... ... 275,390

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 Apr 22, 2015

Mortgage-backed securities held outright1 1,737,070

Commitments to buy mortgage-backed securities2 34,751

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 2

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Apr 22, 2015

Net portfolio holdings of Maiden Lane LLC1 1,694

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 December 31, 2014. 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

Apr 22, 2015 Apr 15, 2015 Apr 23, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,809 - 4 - 94

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,416,872 + 2,462 + 198,450

Securities held outright1 4,232,885 + 2,750 + 207,018

U.S. Treasury securities 2,459,920 + 114 + 118,152

Bills2 0 0 0

Notes and bonds, nominal2 2,346,709 0 + 114,730

Notes and bonds, inflation-indexed2 98,468 0 + 3,079

Inflation compensation3 14,743 + 114 + 344

Federal agency debt securities2 35,895 0 - 9,070

Mortgage-backed securities4 1,737,070 + 2,636 + 97,936

Unamortized premiums on securities held outright5 201,775 - 344 - 8,300

Unamortized discounts on securities held outright5 -17,850 + 32 - 224

Repurchase agreements6 0 0 0

Loans 61 + 23 - 45

Net portfolio holdings of Maiden Lane LLC7 1,694 0 + 109

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 - 92

Items in process of collection (0) 80 - 16 - 11

Bank premises 2,245 + 2 - 27

Central bank liquidity swaps10 0 0 - 407

Foreign currency denominated assets11 19,500 + 102 - 4,640

Other assets12 31,259 + 1,783 + 154

Total assets (0) 4,489,695 + 4,329 + 193,356

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

Apr 22, 2015 Apr 15, 2015 Apr 23, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,315,038 - 2,040 + 87,920

Reverse repurchase agreements13 275,390 + 47,739 + 18,858

Deposits (0) 2,832,339 - 42,054 + 82,852

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,617,380 - 131,575 + 33,665

U.S. Treasury, General Account 201,073 + 89,522 + 50,848

Foreign official 5,231 0 - 2,572

Other14 (0) 8,656 0 + 913

Deferred availability cash items (0) 554 - 34 - 101

Other liabilities and accrued dividends15 8,673 + 706 + 2,243

Total liabilities (0) 4,431,993 + 4,316 + 191,771

Capital accounts

Capital paid in 28,851 + 7 + 792

Surplus 28,851 + 7 + 792

Other capital accounts 0 0 0

Total capital 57,702 + 13 + 1,584

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, April 22, 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 1,809 39 69 126 112 297 187 269 24 44 149 175 316

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,416,872 111,973 2,651,468 109,853 106,191 239,893 248,737 164,113 46,061 26,878 57,381 142,282 512,043

Securities held outright1 4,232,885 107,302 2,541,052 105,279 101,769 229,903 238,363 157,271 44,143 25,743 54,987 136,355 490,720

U.S. Treasury securities 2,459,920 62,358 1,476,720 61,182 59,142 133,607 138,523 91,397 25,653 14,960 31,956 79,242 285,180

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

Notes and bonds3 2,459,920 62,358 1,476,720 61,182 59,142 133,607 138,523 91,397 25,653 14,960 31,956 79,242 285,180

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 1,737,070 44,034 1,042,784 43,204 41,763 94,346 97,818 64,540 18,115 10,564 22,565 55,957 201,379

Unamortized premiums on securities 

held outright5 201,775 5,115 121,128 5,018 4,851 10,959 11,362 7,497 2,104 1,227 2,621 6,500 23,392

Unamortized discounts on securities 

held outright5 -17,850 -452 -10,715 -444 -429 -969 -1,005 -663 -186 -109 -232 -575 -2,069

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

Loans 61 9 3 0 0 0 17 9 0 16 4 3 0

Net portfolio holdings of Maiden

Lane LLC7 1,694 0 1,694 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 80 0 0 0 0 0 79 0 0 0 0 0 0

Bank premises 2,245 125 432 74 109 218 210 202 120 95 240 221 199

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

Foreign currency denominated

assets11 19,500 884 6,287 1,089 1,520 4,474 1,109 524 182 82 205 281 2,863

Other assets12 31,259 834 18,244 790 765 1,877 1,779 1,171 409 221 443 1,099 3,627

Interdistrict settlement account 0 + 11,186 - 75,396 + 2,532 + 15,198 + 6,503 - 8,957 + 7,692 + 4,725 + 5,723 + 6,637 + 11,716 + 12,441

Total assets 4,489,695 125,583 2,608,324 115,015 124,637 254,457 245,398 175,129 51,969 33,304 65,497 156,949 533,433

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, April 22, 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 1,498,851 50,582 476,077 50,354 76,593 104,208 209,925 106,504 44,804 26,809 42,068 121,024 189,905

Less: Notes held by F.R. Banks 183,814 5,459 60,763 5,503 9,823 12,638 24,390 12,041 5,202 2,979 5,025 14,424 25,569

Federal Reserve notes, net 1,315,038 45,123 415,314 44,852 66,769 91,570 185,535 94,464 39,602 23,830 37,043 106,600 164,336

Reverse repurchase agreements13 275,390 6,981 165,320 6,849 6,621 14,957 15,508 10,232 2,872 1,675 3,577 8,871 31,926

Deposits 2,832,339 70,636 2,004,314 59,806 46,469 134,055 40,206 68,482 8,780 7,192 24,115 40,340 327,946

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 2,617,380 70,631 1,789,623 59,777 46,466 133,850 40,197 68,479 8,780 7,192 24,113 40,337 327,936

U.S. Treasury, General Account 201,073 0 201,073 0 0 0 0 0 0 0 0 0 0

Foreign official 5,231 2 5,204 2 3 9 2 1 0 0 0 1 6

Other14 8,656 3 8,414 27 0 196 7 2 0 0 1 2 4

Deferred availability cash items 554 0 0 0 0 0 351 0 0 202 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 2,061 56 1,217 54 51 111 127 75 26 9 24 69 242

Other liabilities and accrued

dividends16 6,612 197 3,448 233 248 622 402 300 139 140 134 221 527

Total liabilities 4,431,993 122,993 2,589,613 111,794 120,158 241,316 242,129 173,553 51,419 33,049 64,892 156,101 524,977

Capital

Capital paid in 28,851 1,295 9,356 1,611 2,239 6,571 1,634 788 275 128 302 424 4,228

Surplus 28,851 1,295 9,356 1,611 2,239 6,571 1,634 788 275 128 302 424 4,228

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

Total liabilities and capital 4,489,695 125,583 2,608,324 115,015 124,637 254,457 245,398 175,129 51,969 33,304 65,497 156,949 533,433

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, April 22, 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 Apr 22, 2015

Federal Reserve notes outstanding 1,498,851

Less: Notes held by F.R. Banks not subject to collateralization 183,814

Federal Reserve notes to be collateralized 1,315,038

Collateral held against Federal Reserve notes 1,315,038

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,298,801

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,232,885

Less: Face value of securities under reverse repurchase agreements 261,209

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,971,676

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.