FRB: H.4.1 Release--Factors Affecting Reserve Balances--August 13, 2015

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks August 13, 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 12, 2015
Federal Reserve Banks Aug 12, 2015 Aug 5, 2015 Aug 13, 2014

Reserve Bank credit 4,450,134 + 2,523 + 72,968 4,450,894
Securities held outright (1) 4,231,625 + 125 + 84,814 4,231,671
U.S. Treasury securities 2,461,661 + 103 + 35,302 2,461,694
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,346,641 0 + 33,910 2,346,641
Notes and bonds, inflation-indexed (2) 98,534 0 + 1,202 98,534
Inflation compensation (3) 16,486 + 103 + 190 16,519
Federal agency debt securities (2) 35,093 0 - 6,953 35,093
Mortgage-backed securities (4) 1,734,871 + 22 + 56,466 1,734,884
Unamortized premiums on securities held outright (5) 196,111 - 381 - 13,121 195,988
Unamortized discounts on securities held outright (5) -17,339 + 35 + 1,329 -17,328
Repurchase agreements (6) 0 0 0 0
Loans 212 + 14 - 56 238
Primary credit 8 - 2 + 3 25
Secondary credit 0 0 0 0
Seasonal credit 204 + 16 - 25 214
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 0 + 33 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 - 44 0
Float -46 - 42 + 527 -253
Central bank liquidity swaps (11) 229 - 79 + 154 229
Other Federal Reserve assets (12) 37,642 + 2,855 - 580 38,647
Foreign currency denominated assets (13) 19,528 - 14 - 4,187 19,772
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (14) 47,023 + 14 + 960 47,023

Total factors supplying reserve funds 4,532,927 + 2,524 + 69,742 4,533,931

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 12, 2015
Federal Reserve Banks Aug 12, 2015 Aug 5, 2015 Aug 13, 2014

Currency in circulation (14) 1,375,030 + 1,834 + 86,920 1,376,776
Reverse repurchase agreements (15) 244,187 - 27,389 + 15,369 228,196
Foreign official and international accounts 162,320 - 1,534 + 63,111 163,785
Others 81,868 - 25,854 - 47,741 64,411
Treasury cash holdings 141 + 29 - 14 149
Deposits with F.R. Banks, other than reserve balances 288,320 + 67,025 + 193,387 307,029
Term deposits held by depository institutions 66,066 + 66,066 + 66,066 66,066
U.S. Treasury, General Account 196,323 - 7,178 + 118,257 207,989
Foreign official 5,244 0 - 1,321 5,244
Other (16) 20,687 + 8,137 + 10,385 27,730
Other liabilities and capital (17) 66,292 + 597 + 1,915 65,992

Total factors, other than reserve balances,
absorbing reserve funds 1,973,969 + 42,095 + 297,576 1,978,141

Reserve balances with Federal Reserve Banks 2,558,957 - 39,572 - 227,835 2,555,790

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 12, 2015
Aug 12, 2015 Aug 5, 2015 Aug 13, 2014

Securities held in custody for foreign official and
international accounts 3,361,609 + 5,959 + 36,406 3,368,240
Marketable U.S. Treasury securities (1) 3,021,465 + 6,237 + 29,074 3,028,245
Federal agency debt and mortgage-backed securities (2) 295,634 - 219 + 5,919 295,488
Other securities (3) 44,510 - 59 + 1,412 44,506
Securities lent to dealers 12,534 + 492 + 1,958 12,649
Overnight facility (4) 12,534 + 492 + 1,958 12,649
U.S. Treasury securities 12,475 + 497 + 2,858 12,586
Federal agency debt securities 59 - 5 - 899 63

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 12, 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 77 161 0 0 0 ... 238
U.S. Treasury securities (1)
Holdings 1,287 2 153,952 1,098,292 563,327 644,835 2,461,694
Weekly changes 0 0 + 3 + 14 + 13 + 60 + 91
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 1,725,321 1,734,884
Weekly changes 0 0 0 0 0 + 23 + 23
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 229 0 0 0 0 0 229

Reverse repurchase agreements (4) 228,196 0 ... ... ... ... 228,196
Term deposits 66,066 0 0 ... ... ... 66,066

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 12, 2015

Mortgage-backed securities held outright (1) 1,734,884

Commitments to buy mortgage-backed securities (2) 43,046
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 30

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 12, 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 12, 2015 Wednesday Wednesday
consolidation Aug 5, 2015 Aug 13, 2014

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,889 + 11 - 40
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,410,569 - 140 + 61,645
Securities held outright (1) 4,231,671 + 114 + 73,891
U.S. Treasury securities 2,461,694 + 91 + 34,047
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,346,641 0 + 32,640
Notes and bonds, inflation-indexed (2) 98,534 0 + 1,202
Inflation compensation (3) 16,519 + 90 + 205
Federal agency debt securities (2) 35,093 0 - 6,469
Mortgage-backed securities (4) 1,734,884 + 23 + 46,313
Unamortized premiums on securities held outright
(5) 195,988 - 323 - 13,574
Unamortized discounts on securities held outright
(5) -17,328 + 30 + 1,364
Repurchase agreements (6) 0 0 0
Loans 238 + 38 - 36
Net portfolio holdings of Maiden Lane LLC (7) 1,702 0 + 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) 205 - 18 + 124
Bank premises 2,235 0 - 26
Central bank liquidity swaps (10) 229 - 79 + 154
Foreign currency denominated assets (11) 19,772 + 420 - 3,888
Other assets (12) 36,412 + 2,728 - 547

Total assets (0) 4,489,250 + 2,921 + 57,327

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 12, 2015 Wednesday Wednesday
consolidation Aug 5, 2015 Aug 13, 2014

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,331,786 + 1,715 + 86,913
Reverse repurchase agreements (13) 228,196 - 20,854 - 5,410
Deposits (0) 2,862,818 + 20,917 - 26,282
Term deposits held by depository institutions 66,066 + 66,066 + 66,066
Other deposits held by depository institutions 2,555,790 - 68,222 - 243,560
U.S. Treasury, General Account 207,989 + 9,234 + 139,319
Foreign official 5,244 0 - 1,322
Other (14) (0) 27,730 + 13,840 + 13,215
Deferred availability cash items (0) 458 + 138 - 206
Other liabilities and accrued dividends (15) 7,806 + 985 + 461

Total liabilities (0) 4,431,064 + 2,901 + 55,476

Capital accounts
Capital paid in 29,093 + 10 + 925
Surplus 29,093 + 10 + 925
Other capital accounts 0 0 0

Total capital 58,186 + 21 + 1,851

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 12, 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 1,889 43 63 131 134 302 194 275 32 44 150 195 326
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,410,569 111,801 2,647,595 109,692 106,035 239,541 248,377 163,872 46,033 26,947 57,301 142,081 511,294
Securities held outright (1) 4,231,671 107,271 2,540,323 105,249 101,739 229,837 238,294 157,225 44,130 25,735 54,972 136,316 490,580
U.S. Treasury securities 2,461,694 62,403 1,477,784 61,226 59,185 133,703 138,623 91,463 25,672 14,971 31,979 79,299 285,385
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,461,694 62,403 1,477,784 61,226 59,185 133,703 138,623 91,463 25,672 14,971 31,979 79,299 285,385
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) 1,734,884 43,978 1,041,472 43,149 41,711 94,228 97,695 64,459 18,092 10,551 22,537 55,886 201,126
Unamortized premiums on securities held
outright (5) 195,988 4,968 117,654 4,875 4,712 10,645 11,036 7,282 2,044 1,192 2,546 6,313 22,721
Unamortized discounts on securities
held outright (5) -17,328 -439 -10,402 -431 -417 -941 -976 -644 -181 -105 -225 -558 -2,009
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 238 1 21 0 0 0 22 9 40 125 8 10 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 205 0 0 0 0 0 204 0 0 0 0 0 0
Bank premises 2,235 126 435 73 108 216 208 204 118 93 238 220 197
Central bank liquidity swaps (10) 229 10 74 13 18 53 13 6 2 1 2 3 34
Foreign currency denominated
assets (11) 19,772 896 6,375 1,105 1,541 4,536 1,125 531 184 83 208 285 2,903
Other assets (12) 36,412 964 21,348 919 889 2,140 2,075 1,368 482 252 517 1,235 4,225
Interdistrict settlement account 0 + 7,500 - 100,169 + 11,534 + 26,593 + 38,980 - 11,593 + 6,280 + 7,998 + 4,322 + 2,266 + 5,822 + 468

Total assets 4,489,250 121,882 2,582,950 124,016 136,059 286,962 242,857 173,695 55,298 32,004 61,123 151,013 521,389

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 12, 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 1,511,444 49,080 492,754 50,165 81,584 104,400 207,973 105,803 50,224 26,779 41,573 117,824 183,286
Less: Notes held by F.R. Banks 179,657 6,148 59,247 6,134 9,243 12,573 22,574 10,975 5,032 2,910 4,797 15,010 25,012
Federal Reserve notes, net 1,331,786 42,933 433,507 44,031 72,341 91,826 185,399 94,827 45,191 23,869 36,775 102,814 158,274
Reverse repurchase agreements (13) 228,196 5,785 136,989 5,676 5,486 12,394 12,850 8,478 2,380 1,388 2,964 7,351 26,455
Deposits 2,862,818 70,343 1,989,183 70,829 53,467 168,900 40,693 68,472 6,993 6,069 20,615 39,729 327,524
Term deposits held by depository
institutions 66,066 25 31,518 9,300 7,000 18 0 4,340 0 15 2,350 0 11,500
Other deposits held by depository
institutions 2,555,790 70,314 1,722,928 61,527 46,464 168,654 40,683 58,202 6,958 6,054 18,264 39,727 316,015
U.S. Treasury, General Account 207,989 0 207,989 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) 27,730 2 21,532 0 0 219 7 5,929 36 0 1 2 3
Deferred availability cash items 458 0 0 0 0 0 182 0 0 276 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 2,636 71 1,519 75 81 204 141 91 23 13 34 71 312
Other liabilities and accrued
dividends 5,170 148 2,682 187 196 493 314 244 140 134 119 179 334

Total liabilities 4,431,064 119,279 2,563,880 120,797 131,571 273,818 239,578 172,113 54,728 31,749 60,509 150,144 512,898

Capital
Capital paid in 29,093 1,302 9,535 1,610 2,244 6,572 1,640 791 285 127 307 434 4,245
Surplus 29,093 1,302 9,535 1,610 2,244 6,572 1,640 791 285 127 307 434 4,245
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,489,250 121,882 2,582,950 124,016 136,059 286,962 242,857 173,695 55,298 32,004 61,123 151,013 521,389

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 12, 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 12, 2015

Federal Reserve notes outstanding 1,511,444
Less: Notes held by F.R. Banks not subject to collateralization 179,657
Federal Reserve notes to be collateralized 1,331,786
Collateral held against Federal Reserve notes 1,331,786
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,315,549
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,231,671
Less: Face value of securities under reverse repurchase agreements 217,894
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 4,013,777

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