FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks June 18, 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 17, 2015 Jun 10, 2015 Jun 18, 2014

Wednesday

Jun 17, 2015

Reserve Bank credit 4,451,663 + 23,065 + 129,241 4,449,576

Securities held outright1 4,239,695 + 20,581 + 139,206 4,237,629

U.S. Treasury securities 2,460,837 + 54 + 72,320 2,460,857

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,642 - 1 + 70,374 2,346,642

Notes and bonds, inflation-indexed2 98,534 0 + 1,863 98,534

Inflation compensation3 15,661 + 55 + 83 15,681

Federal agency debt securities2 35,895 0 - 8,127 35,895

Mortgage-backed securities4 1,742,963 + 20,527 + 75,012 1,740,877

Unamortized premiums on securities held outright5 199,333 + 257 - 10,499 199,138

Unamortized discounts on securities held outright5 -17,597 + 34 + 714 -17,582

Repurchase agreements6 0 0 0 0

Loans 149 + 26 - 18 193

Primary credit 14 + 8 - 4 54

Secondary credit 0 0 0 0

Seasonal credit 135 + 19 + 35 139

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 - 3 + 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 -359 + 31 + 257 -277

Central bank liquidity swaps11 114 + 114 - 62 114

Other Federal Reserve assets12 28,633 + 2,026 - 224 28,664

Foreign currency denominated assets13 19,859 + 140 - 4,023 19,794

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding14 46,825 + 14 + 897 46,825

Total factors supplying reserve funds 4,534,589 + 23,220 + 126,116 4,532,437

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 17, 2015 Jun 10, 2015 Jun 18, 2014

Wednesday

Jun 17, 2015

Currency in circulation14 1,364,956 - 1,777 + 86,092 1,365,214

Reverse repurchase agreements15 246,865 + 15,666 + 70,709 261,449

Foreign official and international accounts 151,809 + 4,490 + 47,403 150,741

Others 95,056 + 11,176 + 23,306 110,708

Treasury cash holdings 134 - 60 - 44 135

Deposits with F.R. Banks, other than reserve balances 233,999 + 41,851 + 49,739 264,749

Term deposits held by depository institutions 0 0 - 77,769 0

U.S. Treasury, General Account 207,648 + 29,180 + 123,173 251,369

Foreign official 5,246 + 5 - 705 5,242

Other16 21,105 + 12,666 + 5,041 8,138

Other liabilities and capital17 67,331 + 517 + 2,241 65,383

Total factors, other than reserve balances,

absorbing reserve funds 1,913,285 + 56,197 + 208,737 1,956,930

Reserve balances with Federal Reserve Banks 2,621,304 - 32,977 - 82,621 2,575,506

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 17, 2015 Jun 10, 2015 Jun 18, 2014

Wednesday

Jun 17, 2015

Securities held in custody for foreign official and international

accounts 3,364,963 + 8,165 + 58,546 3,365,402

Marketable U.S. Treasury securities1 3,022,422 - 2,800 + 50,206 3,023,634

Federal agency debt and mortgage-backed securities2 298,265 + 10,750 + 5,620 297,202

Other securities3 44,275 + 214 + 2,719 44,566

Securities lent to dealers 11,143 + 1,011 - 1,547 10,873

Overnight facility4 11,143 + 1,011 - 1,547 10,873

U.S. Treasury securities 10,974 + 1,044 - 677 10,734

Federal agency debt securities 169 - 33 - 871 139

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 17, 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 169 24 0 0 0 ... 193

U.S. Treasury securities1

Holdings 1 1,288 129,567 1,098,756 586,965 644,280 2,460,857

Weekly changes + 1 - 1 0 + 8 + 11 + 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 1,731,357 1,740,877

Weekly changes 0 0 0 0 - 25 + 18,465 + 18,440

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

Central bank liquidity swaps5 114 0 0 0 0 0 114

Reverse repurchase agreements4 261,449 0 ... ... ... ... 261,449

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 17, 2015

Mortgage-backed securities held outright1 1,740,877

Commitments to buy mortgage-backed securities2 32,448

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 66

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 17, 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 17, 2015 Jun 10, 2015 Jun 18, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,844 + 15 - 52

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,419,378 + 18,779 + 124,231

Securities held outright1 4,237,629 + 18,494 + 134,107

U.S. Treasury securities 2,460,857 + 54 + 69,380

Bills2 0 0 0

Notes and bonds, nominal2 2,346,642 - 1 + 67,564

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

Inflation compensation3 15,681 + 55 + 53

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

Mortgage-backed securities4 1,740,877 + 18,440 + 72,491

Unamortized premiums on securities held outright5 199,138 + 186 - 10,663

Unamortized discounts on securities held outright5 -17,582 + 38 + 761

Repurchase agreements6 0 0 0

Loans 193 + 61 + 25

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) 89 + 7 - 17

Bank premises 2,243 + 3 - 20

Central bank liquidity swaps10 114 + 114 - 62

Foreign currency denominated assets11 19,794 - 162 - 4,100

Other assets12 26,422 + 1,055 - 199

Total assets (0) 4,487,817 + 19,812 + 119,649

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 17, 2015 Jun 10, 2015 Jun 18, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,320,363 - 1,690 + 84,591

Reverse repurchase agreements13 261,449 + 35,250 + 70,024

Deposits (0) 2,840,256 - 13,275 - 36,652

Term deposits held by depository institutions 0 0 - 77,769

Other deposits held by depository institutions 2,575,506 - 86,155 - 62,079

U.S. Treasury, General Account 251,369 + 78,451 + 103,750

Foreign official 5,242 + 1 - 709

Other14 (0) 8,138 - 5,573 + 154

Deferred availability cash items (0) 366 - 178 - 361

Other liabilities and accrued dividends15 7,111 - 316 + 87

Total liabilities (0) 4,429,545 + 19,791 + 117,689

Capital accounts

Capital paid in 29,136 + 11 + 980

Surplus 29,136 + 11 + 980

Other capital accounts 0 0 0

Total capital 58,272 + 21 + 1,960

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 17, 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 1,844 31 60 127 127 295 202 272 26 47 148 196 313

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,419,378 112,027 2,652,890 109,912 106,248 240,022 248,874 164,204 46,106 26,947 57,416 142,411 512,321

Securities held outright1 4,237,629 107,422 2,543,900 105,397 101,883 230,161 238,630 157,447 44,192 25,772 55,049 136,508 491,270

U.S. Treasury securities 2,460,857 62,381 1,477,282 61,206 59,165 133,658 138,576 91,432 25,663 14,966 31,968 79,272 285,288

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

Notes and bonds3 2,460,857 62,381 1,477,282 61,206 59,165 133,658 138,576 91,432 25,663 14,966 31,968 79,272 285,288

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 1,740,877 44,130 1,045,069 43,298 41,855 94,553 98,032 64,681 18,155 10,587 22,615 56,079 201,821

Unamortized premiums on securities 

held outright5 199,138 5,048 119,545 4,953 4,788 10,816 11,214 7,399 2,077 1,211 2,587 6,415 23,086

Unamortized discounts on securities 

held outright5 -17,582 -446 -10,555 -437 -423 -955 -990 -653 -183 -107 -228 -566 -2,038

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

Loans 193 3 0 0 0 0 21 12 21 71 8 55 3

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 89 0 0 0 0 0 89 0 0 0 0 0 0

Bank premises 2,243 125 436 73 108 216 209 203 119 94 239 221 197

Central bank liquidity swaps10 114 5 37 6 9 26 6 3 1 0 1 2 17

Foreign currency denominated

assets11 19,794 897 6,382 1,106 1,543 4,542 1,126 532 184 83 208 285 2,906

Other assets12 26,422 702 15,280 664 643 1,599 1,494 988 496 190 377 933 3,056

Interdistrict settlement account 0 + 6,897 - 54,422 + 10,863 + 23,859 + 8,013 - 12,418 + 8,972 + 3,999 + 3,858 + 2,658 + 10,086 - 12,365

Total assets 4,487,817 121,229 2,627,886 123,302 133,279 255,907 241,837 176,332 51,381 31,481 61,488 155,305 508,389

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 17, 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 1,505,690 49,753 487,195 50,788 79,717 104,214 207,798 105,847 46,104 26,440 41,691 119,419 186,723

Less: Notes held by F.R. Banks 185,326 5,768 64,215 5,587 9,710 12,486 23,502 11,371 5,060 2,735 4,832 14,250 25,810

Federal Reserve notes, net 1,320,363 43,984 422,980 45,201 70,007 91,728 184,297 94,476 41,044 23,705 36,860 105,169 160,913

Reverse repurchase agreements13 261,449 6,628 156,951 6,503 6,286 14,200 14,723 9,714 2,727 1,590 3,396 8,422 30,310

Deposits 2,840,256 67,793 2,025,448 67,984 52,219 136,133 38,820 70,224 6,888 5,667 20,477 40,598 308,005

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 2,575,506 67,783 1,760,916 67,982 52,216 135,992 38,811 70,221 6,851 5,667 20,476 40,595 307,997

U.S. Treasury, General Account 251,369 0 251,369 0 0 0 0 0 0 0 0 0 0

Foreign official 5,242 2 5,215 2 3 9 2 1 0 0 0 1 6

Other14 8,138 7 7,948 0 0 132 7 2 36 0 1 3 2

Deferred availability cash items 366 0 0 0 0 0 247 0 0 119 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,785 40 1,128 38 32 62 104 67 20 12 21 62 202

Other liabilities and accrued

dividends 5,326 182 2,339 228 249 638 364 272 139 135 126 195 460

Total liabilities 4,429,545 118,626 2,608,845 119,953 128,793 242,761 238,554 174,753 50,817 31,228 60,880 154,446 499,890

Capital

Capital paid in 29,136 1,302 9,520 1,675 2,243 6,573 1,641 790 282 127 304 430 4,250

Surplus 29,136 1,302 9,520 1,675 2,243 6,573 1,641 790 282 127 304 430 4,250

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

Total liabilities and capital 4,487,817 121,229 2,627,886 123,302 133,279 255,907 241,837 176,332 51,381 31,481 61,488 155,305 508,389

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 17, 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 17, 2015

Federal Reserve notes outstanding 1,505,690

Less: Notes held by F.R. Banks not subject to collateralization 185,326

Federal Reserve notes to be collateralized 1,320,363

Collateral held against Federal Reserve notes 1,320,363

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,304,127

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,237,629

Less: Face value of securities under reverse repurchase agreements 251,996

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,985,633

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.