FRB: H.4.1 Release--Factors Affecting Reserve Balances--August 6, 2015

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks August 6, 2015

1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Aug 5, 2015
Federal Reserve Banks Aug 5, 2015 Jul 29, 2015 Aug 6, 2014

Reserve Bank credit 4,447,611 - 9,003 + 81,945 4,448,541
Securities held outright (1) 4,231,500 - 8,245 + 93,404 4,231,557
U.S. Treasury securities 2,461,558 + 105 + 39,953 2,461,603
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,346,641 0 + 38,616 2,346,641
Notes and bonds, inflation-indexed (2) 98,534 0 + 1,202 98,534
Inflation compensation (3) 16,383 + 105 + 134 16,429
Federal agency debt securities (2) 35,093 0 - 7,034 35,093
Mortgage-backed securities (4) 1,734,849 - 8,349 + 60,486 1,734,861
Unamortized premiums on securities held outright (5) 196,492 - 586 - 12,692 196,311
Unamortized discounts on securities held outright (5) -17,374 + 31 + 1,258 -17,358
Repurchase agreements (6) 0 0 0 0
Loans 198 - 4 - 76 200
Primary credit 10 + 5 - 24 3
Secondary credit 0 0 0 0
Seasonal credit 188 - 8 - 18 197
Term Asset-Backed Securities Loan Facility (7) 0 0 - 34 0
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,702 + 4 + 42 1,702
Net portfolio holdings of Maiden Lane II LLC (9) 0 0 - 63 0
Net portfolio holdings of Maiden Lane III LLC (9) 0 0 - 22 0
Net portfolio holdings of TALF LLC (10) 0 0 - 57 0
Float -4 + 69 + 606 -97
Central bank liquidity swaps (11) 308 - 51 + 233 308
Other Federal Reserve assets (12) 34,787 - 224 - 689 35,918
Foreign currency denominated assets (13) 19,542 - 39 - 4,166 19,352
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (14) 47,009 + 14 + 960 47,009

Total factors supplying reserve funds 4,530,403 - 9,028 + 78,739 4,531,143

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Aug 5, 2015
Federal Reserve Banks Aug 5, 2015 Jul 29, 2015 Aug 6, 2014

Currency in circulation (14) 1,373,196 + 2,424 + 86,234 1,375,066
Reverse repurchase agreements (15) 271,576 + 30,494 + 46,334 249,050
Foreign official and international accounts 163,854 + 9,019 + 55,128 162,181
Others 107,722 + 21,474 - 8,794 86,869
Treasury cash holdings 112 + 15 - 30 139
Deposits with F.R. Banks, other than reserve balances 221,295 - 15,762 + 134,500 217,890
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 203,501 + 6,676 + 131,988 198,755
Foreign official 5,244 0 - 1,321 5,244
Other (16) 12,550 - 22,438 + 3,832 13,890
Other liabilities and capital (17) 65,695 - 82 + 2,502 64,986

Total factors, other than reserve balances,
absorbing reserve funds 1,931,874 + 17,088 + 269,540 1,907,132

Reserve balances with Federal Reserve Banks 2,598,529 - 26,117 - 190,801 2,624,012

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.

1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Aug 5, 2015
Aug 5, 2015 Jul 29, 2015 Aug 6, 2014

Securities held in custody for foreign official and
international accounts 3,355,650 + 27,652 + 27,720 3,357,714
Marketable U.S. Treasury securities (1) 3,015,228 + 29,368 + 19,643 3,017,429
Federal agency debt and mortgage-backed securities (2) 295,853 - 2,112 + 6,175 295,738
Other securities (3) 44,569 + 396 + 1,902 44,546
Securities lent to dealers 12,042 + 1,153 + 710 12,999
Overnight facility (4) 12,042 + 1,153 + 710 12,999
U.S. Treasury securities 11,978 + 1,155 + 1,664 12,946
Federal agency debt securities 64 - 2 - 954 53

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 5, 2015

Millions of dollars
Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All
days 90 days 1 year to 5 years to 10 years years

Loans 33 167 0 0 0 ... 200
U.S. Treasury securities (1)
Holdings 1,287 2 153,949 1,098,278 563,314 644,775 2,461,603
Weekly changes + 1,286 - 1,286 + 7,196 - 1,151 - 6,010 + 68 + 101
Federal agency debt securities (2)
Holdings 0 947 11,654 20,145 0 2,347 35,093
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 0 104 9,459 1,725,298 1,734,861
Weekly changes 0 0 0 + 28 + 26 - 26 + 27
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 308 0 0 0 0 0 308

Reverse repurchase agreements (4) 249,050 0 ... ... ... ... 249,050
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.

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Aug 5, 2015

Mortgage-backed securities held outright (1) 1,734,861

Commitments to buy mortgage-backed securities (2) 36,313
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 43

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
Account name Wednesday
Aug 5, 2015

Net portfolio holdings of Maiden Lane LLC (1) 1,702

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0
Accrued interest payable to the Federal Reserve Bank of New York (2) 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.

5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Aug 5, 2015 Wednesday Wednesday
consolidation Jul 29, 2015 Aug 6, 2014

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,878 - 5 - 40
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,410,709 - 206 + 80,857
Securities held outright (1) 4,231,557 + 128 + 92,501
U.S. Treasury securities 2,461,603 + 101 + 39,037
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,346,641 0 + 37,673
Notes and bonds, inflation-indexed (2) 98,534 0 + 1,202
Inflation compensation (3) 16,429 + 103 + 163
Federal agency debt securities (2) 35,093 0 - 7,034
Mortgage-backed securities (4) 1,734,861 + 27 + 60,498
Unamortized premiums on securities held outright
(5) 196,311 - 368 - 12,866
Unamortized discounts on securities held outright
(5) -17,358 + 31 + 1,289
Repurchase agreements (6) 0 0 0
Loans 200 + 3 - 65
Net portfolio holdings of Maiden Lane LLC (7) 1,702 + 1 + 33
Net portfolio holdings of Maiden Lane II LLC (8) 0 0 - 63
Net portfolio holdings of Maiden Lane III LLC (8) 0 0 - 22
Net portfolio holdings of TALF LLC (9) 0 0 - 44
Items in process of collection (0) 223 - 21 + 143
Bank premises 2,235 - 7 - 22
Central bank liquidity swaps (10) 308 - 51 + 233
Foreign currency denominated assets (11) 19,352 - 231 - 4,305
Other assets (12) 33,684 + 1,369 - 553

Total assets (0) 4,486,329 + 849 + 76,218

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Aug 5, 2015 Wednesday Wednesday
consolidation Jul 29, 2015 Aug 6, 2014

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,330,071 + 2,362 + 85,604
Reverse repurchase agreements (13) 249,050 + 6,539 + 19,657
Deposits (0) 2,841,901 - 8,027 - 30,524
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,624,012 - 8,818 - 165,394
U.S. Treasury, General Account 198,755 - 4,623 + 129,431
Foreign official 5,244 + 1 - 1,321
Other (14) (0) 13,890 + 5,414 + 6,760
Deferred availability cash items (0) 320 + 40 - 531
Other liabilities and accrued dividends (15) 6,821 + 70 + 157

Total liabilities (0) 4,428,163 + 984 + 74,363

Capital accounts
Capital paid in 29,083 - 67 + 928
Surplus 29,083 - 67 + 928
Other capital accounts 0 0 0

Total capital 58,165 - 135 + 1,854

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.

6. Statement of Condition of Each Federal Reserve Bank, August 5, 2015
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City 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 1,878 39 63 130 132 301 193 276 32 44 148 195 326
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,410,709 111,804 2,647,683 109,697 106,039 239,551 248,388 163,878 46,033 26,936 57,303 142,083 511,315
Securities held outright (1) 4,231,557 107,268 2,540,254 105,246 101,737 229,831 238,288 157,221 44,129 25,735 54,970 136,312 490,567
U.S. Treasury securities 2,461,603 62,400 1,477,730 61,224 59,183 133,698 138,618 91,460 25,671 14,970 31,978 79,296 285,375
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,461,603 62,400 1,477,730 61,224 59,183 133,698 138,618 91,460 25,671 14,970 31,978 79,296 285,375
Federal agency debt securities (2) 35,093 890 21,067 873 844 1,906 1,976 1,304 366 213 456 1,130 4,068
Mortgage-backed securities (4) 1,734,861 43,978 1,041,457 43,149 41,710 94,227 97,694 64,458 18,092 10,551 22,537 55,886 201,123
Unamortized premiums on securities held
outright (5) 196,311 4,976 117,848 4,883 4,720 10,662 11,055 7,294 2,047 1,194 2,550 6,324 22,758
Unamortized discounts on securities
held outright (5) -17,358 -440 -10,420 -432 -417 -943 -977 -645 -181 -106 -225 -559 -2,012
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 200 0 2 0 0 0 23 8 38 113 8 6 2
Net portfolio holdings of Maiden
Lane LLC (7) 1,702 0 1,702 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane II LLC (8) 0 0 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Maiden
Lane III LLC (8) 0 0 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF LLC (9) 0 0 0 0 0 0 0 0 0 0 0 0 0
Items in process of collection 223 0 0 0 0 0 221 0 0 0 0 0 1
Bank premises 2,235 126 435 73 108 215 208 204 118 93 238 220 196
Central bank liquidity swaps (10) 308 14 99 17 24 71 18 8 3 1 3 4 45
Foreign currency denominated
assets (11) 19,352 877 6,240 1,081 1,508 4,440 1,101 520 180 81 204 279 2,841
Other assets (12) 33,684 897 19,722 849 824 1,993 1,922 1,270 455 241 480 1,117 3,914
Interdistrict settlement account 0 + 12,003 - 109,840 + 13,976 + 30,850 + 38,169 - 10,431 + 7,069 + 8,205 + 4,463 + 3,364 + 8,662 - 6,491

Total assets 4,486,329 126,303 2,571,631 126,374 140,228 285,934 243,874 174,384 55,475 32,121 62,181 153,732 514,091

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

6. Statement of Condition of Each Federal Reserve Bank, August 5, 2015 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco

Liabilities
Federal Reserve notes outstanding 1,510,586 49,145 491,345 50,253 81,365 104,441 207,769 105,781 50,290 26,799 41,624 118,039 183,736
Less: Notes held by F.R. Banks 180,516 6,204 61,095 6,017 9,337 12,548 22,710 10,952 5,015 2,955 4,870 14,023 24,788
Federal Reserve notes, net 1,330,071 42,941 430,250 44,235 72,028 91,892 185,058 94,829 45,275 23,844 36,754 104,015 158,948
Reverse repurchase agreements (13) 249,050 6,313 149,508 6,194 5,988 13,527 14,025 9,253 2,597 1,515 3,235 8,023 28,873
Deposits 2,841,901 74,251 1,969,206 72,443 57,503 166,835 40,877 68,401 6,877 6,246 21,437 40,589 317,237
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 2,624,012 74,247 1,755,243 72,441 57,500 166,621 40,868 64,756 6,841 6,245 21,435 40,587 317,228
U.S. Treasury, General Account 198,755 0 198,755 0 0 0 0 0 0 0 0 0 0
Foreign official 5,244 2 5,217 2 3 9 2 1 0 0 0 1 6
Other (14) 13,890 2 9,992 0 0 205 7 3,644 36 0 1 1 3
Deferred availability cash items 320 0 0 0 0 0 202 0 0 118 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,958 49 1,202 99 28 53 123 76 19 11 24 67 208
Other liabilities and accrued
dividends 4,863 146 2,399 183 194 482 313 244 138 133 117 177 335

Total liabilities 4,428,163 123,700 2,552,565 123,155 135,742 272,790 240,598 172,803 54,906 31,866 61,567 152,870 505,601

Capital
Capital paid in 29,083 1,302 9,533 1,610 2,243 6,572 1,638 790 285 127 307 431 4,245
Surplus 29,083 1,302 9,533 1,610 2,243 6,572 1,638 790 285 127 307 431 4,245
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,486,329 126,303 2,571,631 126,374 140,228 285,934 243,874 174,384 55,475 32,121 62,181 153,732 514,091

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

6. Statement of Condition of Each Federal Reserve Bank, August 5, 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).

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Aug 5, 2015

Federal Reserve notes outstanding 1,510,586
Less: Notes held by F.R. Banks not subject to collateralization 180,516
Federal Reserve notes to be collateralized 1,330,071
Collateral held against Federal Reserve notes 1,330,071
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,313,834
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,231,557
Less: Face value of securities under reverse repurchase agreements 232,108
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,999,450

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.

Statistical releases