FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 2, 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

Jul 1, 2015 Jun 24, 2015 Jul 2, 2014

Wednesday

Jul 1, 2015

Reserve Bank credit 4,440,876 - 19,255 + 110,262 4,440,806

Securities held outright1 4,228,816 - 17,951 + 120,119 4,228,931

U.S. Treasury securities 2,460,947 + 56 + 59,809 2,460,975

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,642 0 + 58,045 2,346,641

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

Inflation compensation3 15,770 + 55 0 15,800

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

Mortgage-backed securities4 1,731,974 - 18,007 + 68,074 1,732,060

Unamortized premiums on securities held outright5 198,245 - 976 - 11,148 198,111

Unamortized discounts on securities held outright5 -17,523 + 39 + 972 -17,512

Repurchase agreements6 0 0 0 0

Loans 172 - 4 - 27 170

Primary credit 9 - 14 - 1 6

Secondary credit 0 0 0 0

Seasonal credit 162 + 9 + 22 164

Term Asset-Backed Securities Loan Facility7 0 0 - 49 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,696 0 + 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 -461 - 127 + 147 -350

Central bank liquidity swaps11 635 + 520 + 511 635

Other Federal Reserve assets12 29,297 - 754 - 178 29,125

Foreign currency denominated assets13 19,769 - 161 - 4,289 19,775

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding14 46,853 + 14 + 890 46,853

Total factors supplying reserve funds 4,523,740 - 19,402 + 106,864 4,523,675

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

Jul 1, 2015 Jun 24, 2015 Jul 2, 2014

Wednesday

Jul 1, 2015

Currency in circulation14 1,366,466 + 2,182 + 84,085 1,370,050

Reverse repurchase agreements15 379,412 + 68,636 + 98,391 349,857

Foreign official and international accounts 157,182 + 5,956 + 47,353 156,446

Others 222,230 + 62,679 + 51,038 193,411

Treasury cash holdings 100 - 30 - 46 85

Deposits with F.R. Banks, other than reserve balances 254,517 - 16,226 + 44,081 234,695

Term deposits held by depository institutions 0 0 - 92,420 0

U.S. Treasury, General Account 227,457 - 12,041 + 127,372 212,135

Foreign official 5,244 + 2 - 697 5,243

Other16 21,817 - 4,186 + 9,827 17,317

Other liabilities and capital17 65,839 - 1,044 + 1,645 64,456

Total factors, other than reserve balances,

absorbing reserve funds 2,066,334 + 53,517 + 228,155 2,019,143

Reserve balances with Federal Reserve Banks 2,457,406 - 72,918 - 121,291 2,504,532

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

Jul 1, 2015 Jun 24, 2015 Jul 2, 2014

Wednesday

Jul 1, 2015

Securities held in custody for foreign official and international

accounts 3,378,862 + 10,788 + 75,095 3,376,811

Marketable U.S. Treasury securities1 3,035,038 + 13,395 + 64,884 3,032,996

Federal agency debt and mortgage-backed securities2 298,574 - 3,161 + 6,707 298,627

Other securities3 45,250 + 554 + 3,504 45,188

Securities lent to dealers 11,981 + 528 - 4,383 11,165

Overnight facility4 11,981 + 528 - 4,383 11,165

U.S. Treasury securities 11,828 + 517 - 3,298 10,954

Federal agency debt securities 153 + 11 - 1,085 211

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, July 1, 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 50 120 0 0 0 ... 170

U.S. Treasury securities1

Holdings 0 1,288 143,134 1,098,074 574,120 644,359 2,460,975

Weekly changes - 1 0 + 13,567 - 690 - 12,855 + 43 + 64

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 35 9,284 1,722,741 1,732,060

Weekly changes 0 0 0 - 1 - 200 - 14,132 - 14,333

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

Central bank liquidity swaps5 635 0 0 0 0 0 635

Reverse repurchase agreements4 349,857 0 ... ... ... ... 349,857

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 Jul 1, 2015

Mortgage-backed securities held outright1 1,732,060

Commitments to buy mortgage-backed securities2 38,462

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 17

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 Jul 1, 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

Jul 1, 2015 Jun 24, 2015 Jul 2, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,870 + 3 - 6

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,409,700 - 15,074 + 106,576

Securities held outright1 4,228,931 - 14,268 + 116,795

U.S. Treasury securities 2,460,975 + 64 + 56,398

Bills2 0 0 0

Notes and bonds, nominal2 2,346,641 - 1 + 54,637

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

Inflation compensation3 15,800 + 65 - 2

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

Mortgage-backed securities4 1,732,060 - 14,333 + 68,159

Unamortized premiums on securities held outright5 198,111 - 807 - 11,204

Unamortized discounts on securities held outright5 -17,512 + 38 + 1,011

Repurchase agreements6 0 0 0

Loans 170 - 37 - 25

Net portfolio holdings of Maiden Lane LLC7 1,696 0 + 41

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) 91 + 19 - 4

Bank premises 2,236 - 7 - 25

Central bank liquidity swaps10 635 + 520 + 511

Foreign currency denominated assets11 19,775 + 52 - 4,332

Other assets12 26,889 - 1,439 - 490

Total assets (0) 4,479,130 - 15,925 + 102,099

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

Jul 1, 2015 Jun 24, 2015 Jul 2, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,325,147 + 4,672 + 81,480

Reverse repurchase agreements13 349,857 + 60,441 + 91,735

Deposits (0) 2,739,227 - 80,139 - 72,388

Term deposits held by depository institutions 0 0 - 92,420

Other deposits held by depository institutions 2,504,532 + 11,003 - 100,248

U.S. Treasury, General Account 212,135 - 28,627 + 111,050

Foreign official 5,243 0 - 698

Other14 (0) 17,317 - 62,516 + 9,928

Deferred availability cash items (0) 442 + 17 - 345

Other liabilities and accrued dividends15 6,192 - 916 - 330

Total liabilities (0) 4,420,866 - 15,925 + 100,153

Capital accounts

Capital paid in 29,132 0 + 973

Surplus 29,132 0 + 973

Other capital accounts 0 0 0

Total capital 58,264 0 + 1,946

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, July 1, 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 1,870 36 63 127 128 300 204 273 32 47 148 196 316

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,409,700 111,779 2,647,094 109,672 106,016 239,497 248,335 163,847 46,017 26,898 57,294 142,050 511,201

Securities held outright1 4,228,931 107,201 2,538,678 105,180 101,674 229,688 238,140 157,124 44,101 25,719 54,936 136,228 490,262

U.S. Treasury securities 2,460,975 62,384 1,477,353 61,209 59,168 133,664 138,583 91,436 25,664 14,967 31,969 79,276 285,302

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

Notes and bonds3 2,460,975 62,384 1,477,353 61,209 59,168 133,664 138,583 91,436 25,664 14,967 31,969 79,276 285,302

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 1,732,060 43,907 1,039,777 43,079 41,643 94,074 97,536 64,354 18,063 10,534 22,500 55,795 200,799

Unamortized premiums on securities 

held outright5 198,111 5,022 118,929 4,927 4,763 10,760 11,156 7,361 2,066 1,205 2,574 6,382 22,967

Unamortized discounts on securities 

held outright5 -17,512 -444 -10,512 -436 -421 -951 -986 -651 -183 -106 -227 -564 -2,030

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

Loans 170 0 0 0 0 0 26 13 32 81 12 5 2

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 91 0 0 0 0 0 91 0 0 0 0 0 0

Bank premises 2,236 125 434 73 108 216 209 203 118 94 239 220 197

Central bank liquidity swaps10 635 29 205 35 50 146 36 17 6 3 7 9 93

Foreign currency denominated

assets11 19,775 893 6,429 1,100 1,535 4,519 1,121 529 183 83 207 284 2,892

Other assets12 26,889 719 15,666 679 659 1,627 1,542 1,019 373 199 388 886 3,131

Interdistrict settlement account 0 + 24,811 - 132,381 + 15,087 + 35,642 + 24,722 - 3,885 + 14,481 + 6,597 + 5,131 + 4,691 + 12,950 - 7,845

Total assets 4,479,130 138,935 2,544,732 127,324 144,880 272,222 249,906 181,526 53,776 32,715 63,415 157,767 511,930

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, July 1, 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 1,507,312 49,626 488,813 50,648 79,709 104,454 207,674 106,349 47,180 26,655 41,719 118,960 185,526

Less: Notes held by F.R. Banks 182,165 5,822 64,454 5,530 9,694 12,423 22,804 11,020 4,838 2,789 4,580 13,736 24,476

Federal Reserve notes, net 1,325,147 43,805 424,359 45,118 70,015 92,031 184,870 95,329 42,342 23,866 37,139 105,224 161,050

Reverse repurchase agreements13 349,857 8,869 210,024 8,702 8,411 19,002 19,701 12,999 3,648 2,128 4,545 11,270 40,559

Deposits 2,739,227 83,485 1,888,065 69,950 61,757 147,534 41,366 71,317 7,073 6,167 20,990 40,185 301,338

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 2,504,532 83,479 1,653,520 69,947 61,754 147,457 41,357 71,312 7,036 6,167 20,989 40,184 301,329

U.S. Treasury, General Account 212,135 0 212,135 0 0 0 0 0 0 0 0 0 0

Foreign official 5,243 2 5,216 2 3 9 2 1 0 0 0 1 6

Other14 17,317 4 17,194 0 0 68 7 4 37 0 1 1 2

Deferred availability cash items 442 0 0 0 0 0 280 0 0 161 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury15 1,857 47 1,113 43 36 107 118 72 22 11 15 61 212

Other liabilities and accrued

dividends 4,335 126 2,131 163 176 403 290 230 126 128 111 168 283

Total liabilities 4,420,866 136,332 2,525,691 123,975 140,395 259,078 246,625 179,947 53,212 32,461 62,801 156,908 503,441

Capital

Capital paid in 29,132 1,302 9,520 1,675 2,243 6,572 1,641 790 282 127 307 430 4,245

Surplus 29,132 1,302 9,520 1,675 2,243 6,572 1,641 790 282 127 307 430 4,245

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

Total liabilities and capital 4,479,130 138,935 2,544,732 127,324 144,880 272,222 249,906 181,526 53,776 32,715 63,415 157,767 511,930

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, July 1, 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 Jul 1, 2015

Federal Reserve notes outstanding 1,507,312

Less: Notes held by F.R. Banks not subject to collateralization 182,165

Federal Reserve notes to be collateralized 1,325,147

Collateral held against Federal Reserve notes 1,325,147

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,308,910

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,228,931

Less: Face value of securities under reverse repurchase agreements 329,869

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,899,062

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.