FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 27, 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

Aug 26, 2015 Aug 19, 2015 Aug 27, 2014

Wednesday

Aug 26, 2015

Reserve Bank credit 4,446,736 - 13,843 + 70,772 4,436,274

Securities held outright1 4,242,697 - 4,192 + 83,202 4,233,581

U.S. Treasury securities 2,461,842 + 90 + 28,194 2,461,876

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,641 0 + 27,248 2,346,641

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

Inflation compensation3 16,668 + 91 + 168 16,701

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

Mortgage-backed securities4 1,745,761 - 4,284 + 61,476 1,736,612

Unamortized premiums on securities held outright5 195,725 - 522 - 13,861 195,313

Unamortized discounts on securities held outright5 -17,283 + 34 + 1,412 -17,267

Repurchase agreements6 0 0 0 0

Loans 252 - 6 - 40 253

Primary credit 11 - 24 - 3 8

Secondary credit 0 0 0 0

Seasonal credit 241 + 17 - 3 245

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

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,701 - 1 + 33 1,699

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 56 + 9 + 610 -108

Central bank liquidity swaps11 134 + 2 + 57 134

Other Federal Reserve assets12 23,454 - 9,166 - 512 22,670

Foreign currency denominated assets13 20,146 + 515 - 3,232 20,286

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding14 47,051 + 14 + 960 47,051

Total factors supplying reserve funds 4,530,174 - 13,315 + 68,500 4,519,853

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

Aug 26, 2015 Aug 19, 2015 Aug 27, 2014

Wednesday

Aug 26, 2015

Currency in circulation14 1,375,802 + 151 + 88,142 1,378,197

Reverse repurchase agreements15 249,304 + 12,097 - 874 231,876

Foreign official and international accounts 165,587 + 1,205 + 61,984 163,157

Others 83,717 + 10,892 - 62,858 68,719

Treasury cash holdings 160 + 9 - 1 155

Deposits with F.R. Banks, other than reserve balances 156,326 - 178,233 + 75,361 139,242

Term deposits held by depository institutions 0 - 123,262 0 0

U.S. Treasury, General Account 128,581 - 49,302 + 88,364 119,147

Foreign official 5,250 + 3 - 1,330 5,244

Other16 22,496 - 5,671 - 11,673 14,852

Other liabilities and capital17 66,326 - 1,027 + 2,410 65,219

Total factors, other than reserve balances,

absorbing reserve funds 1,847,918 - 167,003 + 165,038 1,814,689

Reserve balances with Federal Reserve Banks 2,682,256 + 153,688 - 96,538 2,705,163

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

Aug 26, 2015 Aug 19, 2015 Aug 27, 2014

Wednesday

Aug 26, 2015

Securities held in custody for foreign official and international

accounts 3,341,767 - 15,098 + 603 3,347,652

Marketable U.S. Treasury securities1 3,011,925 - 4,856 - 221 3,018,221

Federal agency debt and mortgage-backed securities2 285,659 - 10,075 - 414 285,209

Other securities3 44,183 - 167 + 1,238 44,223

Securities lent to dealers 11,217 - 704 + 1,355 11,663

Overnight facility4 11,217 - 704 + 1,355 11,663

U.S. Treasury securities 11,167 - 694 + 2,123 11,617

Federal agency debt securities 50 - 10 - 768 46

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, August 26, 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 196 57 0 0 0 ... 253

U.S. Treasury securities1

Holdings 0 327 159,983 1,138,011 525,562 637,993 2,461,876

Weekly changes 0 0 + 3 + 14 + 14 + 60 + 91

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 1,727,283 1,736,612

Weekly changes 0 0 0 - 3 + 131 - 11,591 - 11,463

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

Central bank liquidity swaps5 134 0 0 0 0 0 134

Reverse repurchase agreements4 231,876 0 ... ... ... ... 231,876

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 Aug 26, 2015

Mortgage-backed securities held outright1 1,736,612

Commitments to buy mortgage-backed securities2 27,710

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 83

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 Aug 26, 2015

Net portfolio holdings of Maiden Lane LLC1 1,699

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

Aug 26, 2015 Aug 19, 2015 Aug 27, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,910 + 11 - 23

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,411,880 - 12,136 + 65,120

Securities held outright1 4,233,581 - 11,372 + 77,775

U.S. Treasury securities 2,461,876 + 91 + 25,944

Bills2 0 0 0

Notes and bonds, nominal2 2,346,641 0 + 24,982

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

Inflation compensation3 16,701 + 91 + 183

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

Mortgage-backed securities4 1,736,612 - 11,463 + 58,300

Unamortized premiums on securities held outright5 195,313 - 733 - 13,995

Unamortized discounts on securities held outright5 -17,267 + 38 + 1,422

Repurchase agreements6 0 0 0

Loans 253 - 69 - 82

Net portfolio holdings of Maiden Lane LLC7 1,699 - 2 + 31

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) 290 - 24 + 221

Bank premises 2,237 + 1 - 31

Central bank liquidity swaps10 134 + 2 + 57

Foreign currency denominated assets11 20,286 + 678 - 3,055

Other assets12 20,432 - 633 - 822

Total assets (0) 4,475,105 - 12,103 + 61,369

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

Aug 26, 2015 Aug 19, 2015 Aug 27, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,333,207 + 1,805 + 86,985

Reverse repurchase agreements13 231,876 - 16,018 - 50,126

Deposits (0) 2,844,405 + 1,749 + 22,489

Term deposits held by depository institutions 0 - 123,262 0

Other deposits held by depository institutions 2,705,163 + 151,576 - 73,231

U.S. Treasury, General Account 119,147 - 22,929 + 89,600

Foreign official 5,244 - 1 - 1,320

Other14 (0) 14,852 - 3,634 + 7,441

Deferred availability cash items (0) 397 + 113 - 242

Other liabilities and accrued dividends15 6,925 + 164 + 287

Total liabilities (0) 4,416,811 - 12,187 + 59,394

Capital accounts

Capital paid in 29,147 + 42 + 987

Surplus 29,147 + 42 + 987

Other capital accounts 0 0 0

Total capital 58,294 + 84 + 1,975

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, August 26, 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 1,910 47 64 133 133 305 197 275 33 44 151 199 329

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,411,880 111,839 2,648,352 109,724 106,066 239,611 248,460 163,925 46,064 26,958 57,316 142,121 511,444

Securities held outright1 4,233,581 107,319 2,541,469 105,296 101,785 229,941 238,402 157,296 44,150 25,747 54,996 136,377 490,801

U.S. Treasury securities 2,461,876 62,407 1,477,894 61,231 59,189 133,713 138,633 91,470 25,674 14,972 31,981 79,305 285,406

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

Notes and bonds3 2,461,876 62,407 1,477,894 61,231 59,189 133,713 138,633 91,470 25,674 14,972 31,981 79,305 285,406

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 1,736,612 44,022 1,042,509 43,192 41,752 94,322 97,792 64,523 18,110 10,561 22,560 55,942 201,326

Unamortized premiums on securities 

held outright5 195,313 4,951 117,249 4,858 4,696 10,608 10,998 7,257 2,037 1,188 2,537 6,292 22,643

Unamortized discounts on securities 

held outright5 -17,267 -438 -10,365 -429 -415 -938 -972 -642 -180 -105 -224 -556 -2,002

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

Loans 253 6 0 0 0 0 32 13 58 128 7 8 2

Net portfolio holdings of Maiden

Lane LLC7 1,699 0 1,699 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 290 0 0 0 0 0 289 0 0 0 0 0 0

Bank premises 2,237 125 438 74 108 215 208 205 118 93 238 220 197

Central bank liquidity swaps10 134 6 43 7 10 31 8 4 1 1 1 2 20

Foreign currency denominated

assets11 20,286 920 6,540 1,133 1,581 4,655 1,154 545 189 85 213 292 2,978

Other assets12 20,432 548 11,700 512 497 1,251 1,154 773 421 149 297 768 2,363

Interdistrict settlement account 0 + 11,495 - 112,500 + 13,740 + 30,598 + 34,462 - 11,983 + 11,985 + 9,133 + 4,368 + 2,905 + 4,335 + 1,462

Total assets 4,475,105 125,522 2,561,863 125,873 139,736 281,723 241,741 178,868 56,409 31,959 61,563 149,111 520,737

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, August 26, 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 1,514,325 48,803 494,253 49,976 82,436 104,141 209,093 105,493 51,503 26,644 41,349 117,264 183,370

Less: Notes held by F.R. Banks 181,118 6,384 56,822 6,604 9,747 12,376 23,647 11,619 5,124 3,103 4,878 15,189 25,623

Federal Reserve notes, net 1,333,207 42,418 437,431 43,371 72,689 91,765 185,446 93,874 46,378 23,541 36,471 102,076 157,746

Reverse repurchase agreements13 231,876 5,878 139,198 5,767 5,575 12,594 13,057 8,615 2,418 1,410 3,012 7,469 26,881

Deposits 2,844,405 74,399 1,962,779 73,241 56,695 163,456 39,330 74,476 6,904 6,368 21,318 38,453 326,985

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 2,705,163 74,395 1,830,114 73,238 56,692 163,245 39,321 68,177 6,869 6,368 21,317 38,450 326,977

U.S. Treasury, General Account 119,147 0 119,147 0 0 0 0 0 0 0 0 0 0

Foreign official 5,244 2 5,216 2 3 9 2 1 0 0 0 1 6

Other14 14,852 2 8,302 0 0 201 7 6,298 36 0 1 3 2

Deferred availability cash items 397 0 0 0 0 0 156 0 0 242 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 2,237 68 1,179 67 90 259 119 71 13 8 25 59 281

Other liabilities and accrued

dividends 4,688 155 2,143 191 203 496 329 255 125 136 121 183 351

Total liabilities 4,416,811 122,918 2,542,729 122,637 135,251 268,570 238,438 177,291 55,838 31,705 60,949 148,239 512,244

Capital

Capital paid in 29,147 1,302 9,567 1,618 2,242 6,577 1,651 789 285 127 307 436 4,246

Surplus 29,147 1,302 9,567 1,618 2,242 6,577 1,651 789 285 127 307 436 4,246

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

Total liabilities and capital 4,475,105 125,522 2,561,863 125,873 139,736 281,723 241,741 178,868 56,409 31,959 61,563 149,111 520,737

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, August 26, 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 Aug 26, 2015

Federal Reserve notes outstanding 1,514,325

Less: Notes held by F.R. Banks not subject to collateralization 181,118

Federal Reserve notes to be collateralized 1,333,207

Collateral held against Federal Reserve notes 1,333,207

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,316,970

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,233,581

Less: Face value of securities under reverse repurchase agreements 216,779

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 4,016,801

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.