FRB: H.4.1 Release--Factors Affecting Reserve Balances--August 27, 2015

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks August 27, 2015

1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Aug 26, 2015
Federal Reserve Banks Aug 26, 2015 Aug 19, 2015 Aug 27, 2014

Reserve Bank credit 4,446,736 - 13,843 + 70,772 4,436,274
Securities held outright (1) 4,242,697 - 4,192 + 83,202 4,233,581
U.S. Treasury securities 2,461,842 + 90 + 28,194 2,461,876
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,346,641 0 + 27,248 2,346,641
Notes and bonds, inflation-indexed (2) 98,534 0 + 779 98,534
Inflation compensation (3) 16,668 + 91 + 168 16,701
Federal agency debt securities (2) 35,093 0 - 6,469 35,093
Mortgage-backed securities (4) 1,745,761 - 4,284 + 61,476 1,736,612
Unamortized premiums on securities held outright (5) 195,725 - 522 - 13,861 195,313
Unamortized discounts on securities held outright (5) -17,283 + 34 + 1,412 -17,267
Repurchase agreements (6) 0 0 0 0
Loans 252 - 6 - 40 253
Primary credit 11 - 24 - 3 8
Secondary credit 0 0 0 0
Seasonal credit 241 + 17 - 3 245
Term Asset-Backed Securities Loan Facility (7) 0 0 - 34 0
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,701 - 1 + 33 1,699
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 56 + 9 + 610 -108
Central bank liquidity swaps (11) 134 + 2 + 57 134
Other Federal Reserve assets (12) 23,454 - 9,166 - 512 22,670
Foreign currency denominated assets (13) 20,146 + 515 - 3,232 20,286
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (14) 47,051 + 14 + 960 47,051

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

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

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 26, 2015
Federal Reserve Banks Aug 26, 2015 Aug 19, 2015 Aug 27, 2014

Currency in circulation (14) 1,375,802 + 151 + 88,142 1,378,197
Reverse repurchase agreements (15) 249,304 + 12,097 - 874 231,876
Foreign official and international accounts 165,587 + 1,205 + 61,984 163,157
Others 83,717 + 10,892 - 62,858 68,719
Treasury cash holdings 160 + 9 - 1 155
Deposits with F.R. Banks, other than reserve balances 156,326 - 178,233 + 75,361 139,242
Term deposits held by depository institutions 0 - 123,262 0 0
U.S. Treasury, General Account 128,581 - 49,302 + 88,364 119,147
Foreign official 5,250 + 3 - 1,330 5,244
Other (16) 22,496 - 5,671 - 11,673 14,852
Other liabilities and capital (17) 66,326 - 1,027 + 2,410 65,219

Total factors, other than reserve balances,
absorbing reserve funds 1,847,918 - 167,003 + 165,038 1,814,689

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

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
effective-interest basis.
6. Cash value of agreements.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the
Term Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 6.
9. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Refer to the
note on consolidation accompanying table 6.
10. Refer to the note on consolidation accompanying table 6.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for
depreciation.
13. Revalued daily at current foreign currency exchange rates.
14. Estimated.
15. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
16. Includes deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, and designated financial market utilities.
17. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Aug 26, 2015
Aug 26, 2015 Aug 19, 2015 Aug 27, 2014

Securities held in custody for foreign official and
international accounts 3,341,767 - 15,098 + 603 3,347,652
Marketable U.S. Treasury securities (1) 3,011,925 - 4,856 - 221 3,018,221
Federal agency debt and mortgage-backed securities (2) 285,659 - 10,075 - 414 285,209
Other securities (3) 44,183 - 167 + 1,238 44,223
Securities lent to dealers 11,217 - 704 + 1,355 11,663
Overnight facility (4) 11,217 - 704 + 1,355 11,663
U.S. Treasury securities 11,167 - 694 + 2,123 11,617
Federal agency debt securities 50 - 10 - 768 46

Note: Components may not sum to totals because of rounding.

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.
Does not include securities pledged as collateral to foreign official and international account holders
against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.
2. Face value of federal agency securities and current face value of mortgage-backed securities, which
is the remaining principal balance of the securities.
3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed
securities, and commercial paper at face value.
4. Face value. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, August 26, 2015

Millions of dollars
Remaining Maturity Within 15 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 196 57 0 0 0 ... 253
U.S. Treasury securities (1)
Holdings 0 327 159,983 1,138,011 525,562 637,993 2,461,876
Weekly changes 0 0 + 3 + 14 + 14 + 60 + 91
Federal agency debt securities (2)
Holdings 0 2,149 10,452 20,145 0 2,347 35,093
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 0 100 9,229 1,727,283 1,736,612
Weekly changes 0 0 0 - 3 + 131 - 11,591 - 11,463
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 134 0 0 0 0 0 134

Reverse repurchase agreements (4) 231,876 0 ... ... ... ... 231,876
Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.
...Not applicable.

1. Face value. For inflation-indexed securities, includes the original face value and compensation
that adjusts for the effect of inflation on the original face value of such securities.
2. Face value.
3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
4. Cash value of agreements.
5. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Aug 26, 2015

Mortgage-backed securities held outright (1) 1,736,612

Commitments to buy mortgage-backed securities (2) 27,710
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 83

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
2. Current face value. Generally settle within 180 days and include commitments associated with
outright transactions, dollar rolls, and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5
and table 6.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Aug 26, 2015

Net portfolio holdings of Maiden Lane LLC (1) 1,699

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 26, 2015 Wednesday Wednesday
consolidation Aug 19, 2015 Aug 27, 2014

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,910 + 11 - 23
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,411,880 - 12,136 + 65,120
Securities held outright (1) 4,233,581 - 11,372 + 77,775
U.S. Treasury securities 2,461,876 + 91 + 25,944
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,346,641 0 + 24,982
Notes and bonds, inflation-indexed (2) 98,534 0 + 779
Inflation compensation (3) 16,701 + 91 + 183
Federal agency debt securities (2) 35,093 0 - 6,469
Mortgage-backed securities (4) 1,736,612 - 11,463 + 58,300
Unamortized premiums on securities held outright
(5) 195,313 - 733 - 13,995
Unamortized discounts on securities held outright
(5) -17,267 + 38 + 1,422
Repurchase agreements (6) 0 0 0
Loans 253 - 69 - 82
Net portfolio holdings of Maiden Lane LLC (7) 1,699 - 2 + 31
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) 290 - 24 + 221
Bank premises 2,237 + 1 - 31
Central bank liquidity swaps (10) 134 + 2 + 57
Foreign currency denominated assets (11) 20,286 + 678 - 3,055
Other assets (12) 20,432 - 633 - 822

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

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

5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Aug 26, 2015 Wednesday Wednesday
consolidation Aug 19, 2015 Aug 27, 2014

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,333,207 + 1,805 + 86,985
Reverse repurchase agreements (13) 231,876 - 16,018 - 50,126
Deposits (0) 2,844,405 + 1,749 + 22,489
Term deposits held by depository institutions 0 - 123,262 0
Other deposits held by depository institutions 2,705,163 + 151,576 - 73,231
U.S. Treasury, General Account 119,147 - 22,929 + 89,600
Foreign official 5,244 - 1 - 1,320
Other (14) (0) 14,852 - 3,634 + 7,441
Deferred availability cash items (0) 397 + 113 - 242
Other liabilities and accrued dividends (15) 6,925 + 164 + 287

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

Capital accounts
Capital paid in 29,147 + 42 + 987
Surplus 29,147 + 42 + 987
Other capital accounts 0 0 0

Total capital 58,294 + 84 + 1,975

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an
effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation accompanying table 6.
8. Fair value. Fair value reflects an estimate of the price that would be received upon selling an
asset if the transaction were to be conducted in an orderly market on the measurement date. Refer to the
note on consolidation accompanying table 6.
9. Refer to the note on consolidation accompanying table 6.
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
11. Revalued daily at current foreign currency exchange rates.
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
14. Includes deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, and designated financial market utilities.
15. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.

6. Statement of Condition of Each Federal Reserve Bank, August 26, 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 1,910 47 64 133 133 305 197 275 33 44 151 199 329
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,411,880 111,839 2,648,352 109,724 106,066 239,611 248,460 163,925 46,064 26,958 57,316 142,121 511,444
Securities held outright (1) 4,233,581 107,319 2,541,469 105,296 101,785 229,941 238,402 157,296 44,150 25,747 54,996 136,377 490,801
U.S. Treasury securities 2,461,876 62,407 1,477,894 61,231 59,189 133,713 138,633 91,470 25,674 14,972 31,981 79,305 285,406
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,461,876 62,407 1,477,894 61,231 59,189 133,713 138,633 91,470 25,674 14,972 31,981 79,305 285,406
Federal agency debt 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) 1,736,612 44,022 1,042,509 43,192 41,752 94,322 97,792 64,523 18,110 10,561 22,560 55,942 201,326
Unamortized premiums on securities held
outright (5) 195,313 4,951 117,249 4,858 4,696 10,608 10,998 7,257 2,037 1,188 2,537 6,292 22,643
Unamortized discounts on securities
held outright (5) -17,267 -438 -10,365 -429 -415 -938 -972 -642 -180 -105 -224 -556 -2,002
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 253 6 0 0 0 0 32 13 58 128 7 8 2
Net portfolio holdings of Maiden
Lane LLC (7) 1,699 0 1,699 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 290 0 0 0 0 0 289 0 0 0 0 0 0
Bank premises 2,237 125 438 74 108 215 208 205 118 93 238 220 197
Central bank liquidity swaps (10) 134 6 43 7 10 31 8 4 1 1 1 2 20
Foreign currency denominated
assets (11) 20,286 920 6,540 1,133 1,581 4,655 1,154 545 189 85 213 292 2,978
Other assets (12) 20,432 548 11,700 512 497 1,251 1,154 773 421 149 297 768 2,363
Interdistrict settlement account 0 + 11,495 - 112,500 + 13,740 + 30,598 + 34,462 - 11,983 + 11,985 + 9,133 + 4,368 + 2,905 + 4,335 + 1,462

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

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

6. Statement of Condition of Each Federal Reserve Bank, August 26, 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 1,514,325 48,803 494,253 49,976 82,436 104,141 209,093 105,493 51,503 26,644 41,349 117,264 183,370
Less: Notes held by F.R. Banks 181,118 6,384 56,822 6,604 9,747 12,376 23,647 11,619 5,124 3,103 4,878 15,189 25,623
Federal Reserve notes, net 1,333,207 42,418 437,431 43,371 72,689 91,765 185,446 93,874 46,378 23,541 36,471 102,076 157,746
Reverse repurchase agreements (13) 231,876 5,878 139,198 5,767 5,575 12,594 13,057 8,615 2,418 1,410 3,012 7,469 26,881
Deposits 2,844,405 74,399 1,962,779 73,241 56,695 163,456 39,330 74,476 6,904 6,368 21,318 38,453 326,985
Term deposits held by depository
institutions 0 0 0 0 0 0 0 0 0 0 0 0 0
Other deposits held by depository
institutions 2,705,163 74,395 1,830,114 73,238 56,692 163,245 39,321 68,177 6,869 6,368 21,317 38,450 326,977
U.S. Treasury, General Account 119,147 0 119,147 0 0 0 0 0 0 0 0 0 0
Foreign official 5,244 2 5,216 2 3 9 2 1 0 0 0 1 6
Other (14) 14,852 2 8,302 0 0 201 7 6,298 36 0 1 3 2
Deferred availability cash items 397 0 0 0 0 0 156 0 0 242 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 2,237 68 1,179 67 90 259 119 71 13 8 25 59 281
Other liabilities and accrued
dividends 4,688 155 2,143 191 203 496 329 255 125 136 121 183 351

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

Capital
Capital paid in 29,147 1,302 9,567 1,618 2,242 6,577 1,651 789 285 127 307 436 4,246
Surplus 29,147 1,302 9,567 1,618 2,242 6,577 1,651 789 285 127 307 436 4,246
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

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

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

6. Statement of Condition of Each Federal Reserve Bank, August 26, 2015 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal agency debt
securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation below.
8. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Refer
to the note on consolidation below.
9. Refer to the note on consolidation below.
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
11. Revalued daily at current foreign currency exchange rates.
12. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
14. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
15. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to
capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the
Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires
the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount
necessary to equate surplus with capital paid-in.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan
was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to Maiden Lane LLC
was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC was repaid in full, with
interest. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the
American International Group, Inc. had written credit default swap contracts. On June 14, 2012, the loan from FRBNY to Maiden Lane III was repaid in full, with interest. On December 12, 2008, a
loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American
International Group, Inc. On March 1, 2012, the loan from FRBNY to Maiden Lane II was repaid in full, with interest. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to
extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended
under the Term Asset-Backed Securities Loan Facility. On January 15, 2013 the FRBNY's commitment to extend credit to TALF LLC was eliminated.

The FRBNY was the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY was primarily responsible for directing the
financial activities of TALF LLC. The FRBNY was the primary beneficiary of the other LLCs cited above because it received a majority of any residual returns of the LLCs and absorbed a majority of any
residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs were consolidated with the assets and liabilities of the FRBNY
in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs were eliminated, the net
assets of the LLCs appeared as assets on the previous page (and in table 1 and table 5), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to
the portfolio holdings of the LLCs, were included in other liabilities in this table (and table 1 and table 5).

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Aug 26, 2015

Federal Reserve notes outstanding 1,514,325
Less: Notes held by F.R. Banks not subject to collateralization 181,118
Federal Reserve notes to be collateralized 1,333,207
Collateral held against Federal Reserve notes 1,333,207
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,316,970
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,233,581
Less: Face value of securities under reverse repurchase agreements 216,779
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 4,016,801

Note: Components may not sum to totals because of rounding.

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
compensation to adjust for the effect of inflation on the original face value of inflation-indexed
securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.

Statistical releases