FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 24, 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 23, 2015 Sep 16, 2015 Sep 24, 2014

Wednesday

Sep 23, 2015

Reserve Bank credit 4,456,519 + 10,925 + 38,786 4,459,134

Securities held outright1 4,247,505 + 9,104 + 52,286 4,249,658

U.S. Treasury securities 2,461,946 + 2 + 14,880 2,461,946

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,640 0 + 14,336 2,346,640

Notes and bonds, inflation-indexed2 98,534 0 + 346 98,534

Inflation compensation3 16,771 + 1 + 197 16,772

Federal agency debt securities2 35,093 0 - 4,913 35,093

Mortgage-backed securities4 1,750,467 + 9,102 + 42,320 1,752,619

Unamortized premiums on securities held outright5 194,539 - 41 - 15,362 194,460

Unamortized discounts on securities held outright5 -17,134 + 49 + 1,551 -17,119

Repurchase agreements6 0 0 0 0

Loans 269 + 15 - 61 283

Primary credit 11 + 5 - 24 21

Secondary credit 0 0 0 0

Seasonal credit 258 + 10 - 5 262

Term Asset-Backed Securities Loan Facility7 0 0 - 32 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC8 1,702 - 1 + 38 1,702

Net portfolio holdings of TALF LLC9 0 0 - 44 0

Float 117 + 160 + 611 69

Central bank liquidity swaps10 683 + 539 + 660 683

Other Federal Reserve assets11 28,837 + 1,100 - 894 29,397

Foreign currency denominated assets12 20,085 - 18 - 2,475 19,968

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding13 47,107 + 14 + 953 47,107

Total factors supplying reserve funds 4,539,952 + 10,920 + 37,264 4,542,450

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 23, 2015 Sep 16, 2015 Sep 24, 2014

Wednesday

Sep 23, 2015

Currency in circulation13 1,383,580 - 1,564 + 95,264 1,384,890

Reverse repurchase agreements14 290,801 + 61,223 + 20,259 303,797

Foreign official and international accounts 159,390 + 2,174 + 59,101 159,500

Others 131,410 + 59,048 - 38,844 144,297

Treasury cash holdings 146 - 15 - 18 157

Deposits with F.R. Banks, other than reserve balances 176,013 + 25,296 + 28,583 186,387

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 153,512 + 36,101 + 38,684 164,941

Foreign official 5,427 + 170 + 183 5,256

Other15 17,073 - 10,976 - 10,286 16,190

Other liabilities and capital16 66,549 - 371 + 2,893 65,023

Total factors, other than reserve balances,

absorbing reserve funds 1,917,088 + 84,568 + 146,980 1,940,254

Reserve balances with Federal Reserve Banks 2,622,865 - 73,646 - 109,715 2,602,196

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. 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. 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.

12. Revalued daily at current foreign currency exchange rates.

13. Estimated.

14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated

financial market utilities.

16. 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 23, 2015 Sep 16, 2015 Sep 24, 2014

Wednesday

Sep 23, 2015

Securities held in custody for foreign official and international

accounts 3,351,571 + 14,272 - 8,031 3,349,655

Marketable U.S. Treasury securities1 3,023,950 + 15,854 + 376 3,023,135

Federal agency debt and mortgage-backed securities2 282,670 - 1,705 - 10,424 281,580

Other securities3 44,951 + 123 + 2,017 44,940

Securities lent to dealers 14,195 + 957 + 1,094 14,318

Overnight facility4 14,195 + 957 + 1,094 14,318

U.S. Treasury securities 14,146 + 956 + 1,828 14,270

Federal agency debt securities 49 + 1 - 734 48

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 23, 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 240 43 0 0 0 ... 283

U.S. Treasury securities1

Holdings 1 327 166,961 1,133,906 522,712 638,040 2,461,946

Weekly changes 0 0 0 0 0 + 2 + 2

Federal agency debt securities2

Holdings 0 2,149 12,452 18,145 0 2,347 35,093

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 151 9,506 1,742,962 1,752,619

Weekly changes 0 0 0 0 + 187 + 7,312 + 7,500

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

Central bank liquidity swaps5 683 0 0 0 0 0 683

Reverse repurchase agreements4 303,797 0 ... ... ... ... 303,797

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 23, 2015

Mortgage-backed securities held outright1 1,752,619

Commitments to buy mortgage-backed securities2 21,240

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 63

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 23, 2015

Net portfolio holdings of Maiden Lane LLC1 1,702

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 23, 2015 Sep 16, 2015 Sep 24, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,907 + 6 - 28

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,427,283 + 7,392 + 41,033

Securities held outright1 4,249,658 + 7,501 + 54,745

U.S. Treasury securities 2,461,946 + 2 + 13,321

Bills2 0 0 0

Notes and bonds, nominal2 2,346,640 0 + 12,773

Notes and bonds, inflation-indexed2 98,534 0 + 346

Inflation compensation3 16,772 + 2 + 202

Federal agency debt securities2 35,093 0 - 4,913

Mortgage-backed securities4 1,752,619 + 7,500 + 46,337

Unamortized premiums on securities held outright5 194,460 - 176 - 15,251

Unamortized discounts on securities held outright5 -17,119 + 48 + 1,586

Repurchase agreements6 0 0 0

Loans 283 + 19 - 48

Net portfolio holdings of Maiden Lane LLC7 1,702 0 + 38

Net portfolio holdings of TALF LLC8 0 0 - 44

Items in process of collection (0) 307 + 20 + 228

Bank premises 2,238 + 3 - 22

Central bank liquidity swaps9 683 + 538 + 660

Foreign currency denominated assets10 19,968 - 125 - 2,532

Other assets11 27,159 + 1,841 - 901

Total assets (0) 4,497,484 + 9,675 + 38,434

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 23, 2015 Sep 16, 2015 Sep 24, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,339,843 + 122 + 94,725

Reverse repurchase agreements12 303,797 + 67,780 + 42,073

Deposits (0) 2,788,583 - 57,771 - 100,373

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,602,196 - 41,568 - 104,989

U.S. Treasury, General Account 164,941 - 15,049 + 46,036

Foreign official 5,256 - 14 + 13

Other13 (0) 16,190 - 1,139 - 41,433

Deferred availability cash items (0) 238 - 118 - 414

Other liabilities and accrued dividends14 6,471 - 602 + 239

Total liabilities (0) 4,438,933 + 9,412 + 36,252

Capital accounts

Capital paid in 29,276 + 132 + 1,091

Surplus 29,276 + 132 + 1,091

Other capital accounts 0 0 0

Total capital 58,552 + 264 + 2,182

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. Refer to the note on consolidation accompanying table 6.

9. 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.

10. Revalued daily at current foreign currency exchange rates.

11. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated

financial market utilities.

14. 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 23, 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 1,907 47 68 133 134 301 200 274 32 44 153 198 323

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,427,283 112,222 2,657,581 110,107 106,436 240,446 249,327 164,516 46,226 27,059 57,522 142,616 513,226

Securities held outright1 4,249,658 107,727 2,551,121 105,696 102,172 230,814 239,307 157,894 44,318 25,845 55,205 136,895 492,665

U.S. Treasury securities 2,461,946 62,409 1,477,936 61,233 59,191 133,717 138,637 91,472 25,674 14,973 31,982 79,307 285,415

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

Notes and bonds3 2,461,946 62,409 1,477,936 61,233 59,191 133,717 138,637 91,472 25,674 14,973 31,982 79,307 285,415

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 1,752,619 44,428 1,052,118 43,591 42,137 95,191 98,694 65,118 18,277 10,659 22,767 56,458 203,182

Unamortized premiums on securities 

held outright5 194,460 4,929 116,737 4,837 4,675 10,562 10,950 7,225 2,028 1,183 2,526 6,264 22,544

Unamortized discounts on securities 

held outright5 -17,119 -434 -10,277 -426 -412 -930 -964 -636 -179 -104 -222 -551 -1,985

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

Loans 283 0 0 0 0 0 34 33 59 135 13 8 2

Net portfolio holdings of Maiden

Lane LLC7 1,702 0 1,702 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF LLC8 0 0 0 0 0 0 0 0 0 0 0 0 0

Items in process of collection 307 0 0 0 0 0 307 0 0 0 0 0 0

Bank premises 2,238 128 437 73 107 215 208 204 118 93 238 221 196

Central bank liquidity swaps9 683 31 220 38 53 157 39 18 6 3 7 10 100

Foreign currency denominated

assets10 19,968 905 6,438 1,116 1,556 4,582 1,136 536 186 84 210 288 2,932

Other assets11 27,159 721 15,741 682 661 1,624 1,532 1,015 496 191 389 962 3,146

Interdistrict settlement account 0 - 16,514 - 42,094 + 6,973 + 21,843 + 26,962 - 9,596 + 16,117 + 10,189 + 3,970 + 2,156 + 4,686 - 24,692

Total assets 4,497,484 98,084 2,645,621 119,672 131,533 275,481 245,407 183,838 57,702 31,704 61,115 150,153 497,175

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 23, 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 1,526,807 48,903 501,067 50,089 82,874 105,569 212,863 105,207 52,521 26,933 41,314 116,741 182,726

Less: Notes held by F.R. Banks 186,964 6,478 57,250 6,772 10,411 12,890 24,603 12,156 5,125 3,234 4,757 14,848 28,440

Federal Reserve notes, net 1,339,843 42,425 443,816 43,317 72,463 92,679 188,260 93,051 47,396 23,699 36,557 101,893 154,286

Reverse repurchase agreements12 303,797 7,701 182,373 7,556 7,304 16,500 17,107 11,287 3,168 1,848 3,946 9,786 35,219

Deposits 2,788,583 45,145 1,996,968 65,326 47,030 152,541 36,134 77,600 6,425 5,677 19,844 37,361 298,532

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 2,602,196 45,141 1,818,493 65,324 47,027 152,411 36,124 69,885 6,389 5,677 19,843 37,358 298,524

U.S. Treasury, General Account 164,941 0 164,941 0 0 0 0 0 0 0 0 0 0

Foreign official 5,256 2 5,229 2 3 9 2 1 0 0 0 1 6

Other13 16,190 2 8,305 0 0 121 7 7,714 35 0 1 2 2

Deferred availability cash items 238 0 0 0 0 0 155 0 0 83 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury14 1,660 42 1,121 39 35 68 106 60 17 10 26 61 76

Other liabilities and accrued

dividends 4,811 167 2,138 201 216 538 341 260 128 137 121 187 379

Total liabilities 4,438,933 95,480 2,626,416 116,439 127,048 262,326 242,103 182,258 57,133 31,454 60,495 149,288 488,492

Capital

Capital paid in 29,276 1,302 9,603 1,617 2,242 6,577 1,652 790 284 125 310 433 4,341

Surplus 29,276 1,302 9,603 1,617 2,242 6,577 1,652 790 284 125 310 433 4,341

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

Total liabilities and capital 4,497,484 98,084 2,645,621 119,672 131,533 275,481 245,407 183,838 57,702 31,704 61,115 150,153 497,175

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 23, 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. Refer to the note on consolidation below.

9. 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.

10. Revalued daily at current foreign currency exchange rates.

11. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.

14. 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 (ML), 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 ML was

repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. On November 25,

2008, the Federal Reserve Board authorized FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by 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 FRBNY’s commitment to extend credit to TALF LLC was

eliminated.

FRBNY was the primary beneficiary of ML because it received a majority of the residual returns and could have absorbed a majority of any residual losses should they have occurred. FRBNY was the primary

beneficiary of TALF LLC, because of the two beneficiaries of TALF LLC, FRBNY and the U.S. Treasury, FRBNY was primarily responsible for directing the financial activities of TALF LLC. Consistent with

generally accepted accounting principles, the assets and liabilities of these LLCs were consolidated with the assets and liabilities of FRBNY in the preparation of the statements of condition shown on this

release. As a consequence of the consolidation, the extensions of credit from 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 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 23, 2015

Federal Reserve notes outstanding 1,526,807

Less: Notes held by F.R. Banks not subject to collateralization 186,964

Federal Reserve notes to be collateralized 1,339,843

Collateral held against Federal Reserve notes 1,339,843

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,323,606

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,249,658

Less: Face value of securities under reverse repurchase agreements 290,364

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,959,294

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.