FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 3, 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

Sep 2, 2015 Aug 26, 2015 Sep 3, 2014

Wednesday

Sep 2, 2015

Reserve Bank credit 4,437,442 - 9,294 + 63,935 4,437,289

Securities held outright1 4,233,666 - 9,031 + 76,804 4,233,718

U.S. Treasury securities 2,461,928 + 86 + 24,942 2,461,941

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,640 - 1 + 23,950 2,346,640

Notes and bonds, inflation-indexed2 98,534 0 + 779 98,534

Inflation compensation3 16,753 + 85 + 212 16,767

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

Mortgage-backed securities4 1,736,645 - 9,116 + 58,332 1,736,684

Unamortized premiums on securities held outright5 195,079 - 646 - 14,103 194,945

Unamortized discounts on securities held outright5 -17,246 + 37 + 1,439 -17,235

Repurchase agreements6 0 0 0 0

Loans 247 - 5 - 52 247

Primary credit 5 - 6 - 23 8

Secondary credit 0 0 0 0

Seasonal credit 242 + 1 + 4 239

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

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,699 - 2 + 34 1,703

Net portfolio holdings of Maiden Lane II LLC9 0 0 - 63 0

Net portfolio holdings of Maiden Lane III LLC9 0 0 - 22 0

Net portfolio holdings of TALF LLC10 0 0 - 44 0

Float 150 + 94 + 756 -13

Central bank liquidity swaps11 137 + 3 + 61 137

Other Federal Reserve assets12 23,709 + 255 - 876 23,787

Foreign currency denominated assets13 19,985 - 161 - 3,301 20,145

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding14 47,065 + 14 + 961 47,065

Total factors supplying reserve funds 4,520,733 - 9,441 + 61,595 4,520,739

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

Sep 2, 2015 Aug 26, 2015 Sep 3, 2014

Wednesday

Sep 2, 2015

Currency in circulation14 1,379,114 + 3,312 + 86,189 1,382,317

Reverse repurchase agreements15 251,202 + 1,898 - 14,564 231,901

Foreign official and international accounts 165,951 + 364 + 63,427 161,571

Others 85,251 + 1,534 - 77,990 70,330

Treasury cash holdings 156 - 4 - 5 161

Deposits with F.R. Banks, other than reserve balances 142,191 - 14,135 + 83,306 146,514

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 120,354 - 8,227 + 77,486 122,263

Foreign official 5,248 - 2 - 1,318 5,244

Other16 16,589 - 5,907 + 7,139 19,007

Other liabilities and capital17 66,067 - 259 + 2,075 65,030

Total factors, other than reserve balances,

absorbing reserve funds 1,838,730 - 9,188 + 157,001 1,825,923

Reserve balances with Federal Reserve Banks 2,682,003 - 253 - 95,406 2,694,817

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

Sep 2, 2015 Aug 26, 2015 Sep 3, 2014

Wednesday

Sep 2, 2015

Securities held in custody for foreign official and international

accounts 3,346,627 + 4,860 + 7,901 3,331,522

Marketable U.S. Treasury securities1 3,016,891 + 4,966 + 5,872 3,001,386

Federal agency debt and mortgage-backed securities2 285,039 - 620 - 738 285,364

Other securities3 44,697 + 514 + 2,767 44,772

Securities lent to dealers 10,804 - 413 + 1,783 11,033

Overnight facility4 10,804 - 413 + 1,783 11,033

U.S. Treasury securities 10,757 - 410 + 2,618 10,983

Federal agency debt securities 47 - 3 - 835 50

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, September 2, 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 46 201 0 0 0 ... 247

U.S. Treasury securities1

Holdings 0 327 166,961 1,133,905 522,712 638,036 2,461,941

Weekly changes 0 0 + 6,978 - 4,106 - 2,850 + 43 + 65

Federal agency debt securities2

Holdings 0 2,149 10,452 20,145 0 2,347 35,093

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 100 9,229 1,727,355 1,736,684

Weekly changes 0 0 0 0 0 + 72 + 72

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

Central bank liquidity swaps5 137 0 0 0 0 0 137

Reverse repurchase agreements4 231,901 0 ... ... ... ... 231,901

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 Sep 2, 2015

Mortgage-backed securities held outright1 1,736,684

Commitments to buy mortgage-backed securities2 35,577

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 32

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 Sep 2, 2015

Net portfolio holdings of Maiden Lane LLC1 1,703

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

Sep 2, 2015 Aug 26, 2015 Sep 3, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,893 - 17 - 29

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,411,675 - 205 + 64,083

Securities held outright1 4,233,718 + 137 + 76,854

U.S. Treasury securities 2,461,941 + 65 + 24,955

Bills2 0 0 0

Notes and bonds, nominal2 2,346,640 - 1 + 23,950

Notes and bonds, inflation-indexed2 98,534 0 + 779

Inflation compensation3 16,767 + 66 + 226

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

Mortgage-backed securities4 1,736,684 + 72 + 58,368

Unamortized premiums on securities held outright5 194,945 - 368 - 14,094

Unamortized discounts on securities held outright5 -17,235 + 32 + 1,438

Repurchase agreements6 0 0 0

Loans 247 - 6 - 115

Net portfolio holdings of Maiden Lane LLC7 1,703 + 4 + 39

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) 309 + 19 + 193

Bank premises 2,233 - 4 - 22

Central bank liquidity swaps10 137 + 3 + 61

Foreign currency denominated assets11 20,145 - 141 - 3,060

Other assets12 21,554 + 1,122 - 837

Total assets (0) 4,475,886 + 781 + 60,299

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

Sep 2, 2015 Aug 26, 2015 Sep 3, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,337,302 + 4,095 + 87,236

Reverse repurchase agreements13 231,901 + 25 - 18,405

Deposits (0) 2,841,330 - 3,075 - 9,354

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,694,817 - 10,346 - 118,936

U.S. Treasury, General Account 122,263 + 3,116 + 101,227

Foreign official 5,244 0 - 1,323

Other14 (0) 19,007 + 4,155 + 9,679

Deferred availability cash items (0) 322 - 75 - 881

Other liabilities and accrued dividends15 6,739 - 186 - 253

Total liabilities (0) 4,417,595 + 784 + 58,345

Capital accounts

Capital paid in 29,145 - 2 + 977

Surplus 29,145 - 2 + 977

Other capital accounts 0 0 0

Total capital 58,291 - 3 + 1,954

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, September 2, 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 1,893 48 64 132 133 301 194 275 32 43 150 199 323

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,411,675 111,827 2,648,233 109,722 106,061 239,600 248,444 163,915 46,068 26,950 57,315 142,117 511,421

Securities held outright1 4,233,718 107,323 2,541,552 105,300 101,789 229,948 238,409 157,301 44,151 25,748 54,998 136,382 490,817

U.S. Treasury securities 2,461,941 62,409 1,477,933 61,233 59,191 133,717 138,637 91,472 25,674 14,973 31,982 79,307 285,414

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

Notes and bonds3 2,461,941 62,409 1,477,933 61,233 59,191 133,717 138,637 91,472 25,674 14,973 31,982 79,307 285,414

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 1,736,684 44,024 1,042,552 43,194 41,754 94,326 97,796 64,526 18,111 10,562 22,560 55,944 201,335

Unamortized premiums on securities 

held outright5 194,945 4,942 117,028 4,849 4,687 10,588 10,978 7,243 2,033 1,186 2,532 6,280 22,600

Unamortized discounts on securities 

held outright5 -17,235 -437 -10,346 -429 -414 -936 -971 -640 -180 -105 -224 -555 -1,998

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

Loans 247 0 0 3 0 0 27 11 63 121 9 10 3

Net portfolio holdings of Maiden

Lane LLC7 1,703 0 1,703 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 309 0 0 0 0 0 309 0 0 0 0 0 0

Bank premises 2,233 126 436 73 107 215 208 204 118 93 238 220 196

Central bank liquidity swaps10 137 6 44 8 11 31 8 4 1 1 1 2 20

Foreign currency denominated

assets11 20,145 910 6,549 1,121 1,564 4,604 1,141 539 187 84 211 289 2,946

Other assets12 21,554 578 12,401 540 526 1,321 1,229 817 447 161 315 716 2,502

Interdistrict settlement account 0 - 15,358 - 112,475 + 10,231 + 30,521 + 43,031 - 7,446 + 12,972 + 10,259 + 5,053 + 2,787 + 9,934 + 10,492

Total assets 4,475,886 98,681 2,562,482 122,378 139,664 290,298 246,340 179,884 57,560 32,646 61,458 154,651 529,844

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, September 2, 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 1,518,615 48,737 496,411 49,916 82,568 104,702 210,399 105,521 52,271 26,620 41,297 117,070 183,102

Less: Notes held by F.R. Banks 181,313 6,197 57,783 6,498 9,869 11,955 23,646 11,662 5,155 3,020 4,772 14,627 26,128

Federal Reserve notes, net 1,337,302 42,540 438,627 43,418 72,699 92,747 186,753 93,859 47,115 23,600 36,525 102,444 156,974

Reverse repurchase agreements13 231,901 5,879 139,213 5,768 5,575 12,595 13,059 8,616 2,418 1,410 3,013 7,470 26,884

Deposits 2,841,330 47,464 1,961,942 69,730 56,673 171,265 42,580 75,509 7,305 7,120 21,160 43,622 336,962

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 2,694,817 47,456 1,822,355 69,727 56,670 171,071 42,570 68,847 7,269 7,120 21,158 43,620 336,954

U.S. Treasury, General Account 122,263 0 122,263 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 19,007 6 12,107 0 0 185 7 6,661 35 0 1 1 2

Deferred availability cash items 322 0 0 0 0 0 206 0 0 117 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,844 39 1,151 36 27 21 120 72 29 15 22 71 242

Other liabilities and accrued

dividends 4,895 155 2,347 190 205 515 320 248 126 134 119 179 356

Total liabilities 4,417,595 96,077 2,543,280 119,141 135,180 277,144 243,037 178,304 56,994 32,396 60,838 153,787 521,418

Capital

Capital paid in 29,145 1,302 9,601 1,618 2,242 6,577 1,652 790 283 125 310 432 4,213

Surplus 29,145 1,302 9,601 1,618 2,242 6,577 1,652 790 283 125 310 432 4,213

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

Total liabilities and capital 4,475,886 98,681 2,562,482 122,378 139,664 290,298 246,340 179,884 57,560 32,646 61,458 154,651 529,844

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, September 2, 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 Sep 2, 2015

Federal Reserve notes outstanding 1,518,615

Less: Notes held by F.R. Banks not subject to collateralization 181,313

Federal Reserve notes to be collateralized 1,337,302

Collateral held against Federal Reserve notes 1,337,302

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,321,065

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,233,718

Less: Face value of securities under reverse repurchase agreements 217,821

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 4,015,897

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.