FRB: H.4.1 Release--Factors Affecting Reserve Balances--September 3, 2015

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks September 3, 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 Sep 2, 2015
Federal Reserve Banks Sep 2, 2015 Aug 26, 2015 Sep 3, 2014

Reserve Bank credit 4,437,442 - 9,294 + 63,935 4,437,289
Securities held outright (1) 4,233,666 - 9,031 + 76,804 4,233,718
U.S. Treasury securities 2,461,928 + 86 + 24,942 2,461,941
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,346,640 - 1 + 23,950 2,346,640
Notes and bonds, inflation-indexed (2) 98,534 0 + 779 98,534
Inflation compensation (3) 16,753 + 85 + 212 16,767
Federal agency debt securities (2) 35,093 0 - 6,469 35,093
Mortgage-backed securities (4) 1,736,645 - 9,116 + 58,332 1,736,684
Unamortized premiums on securities held outright (5) 195,079 - 646 - 14,103 194,945
Unamortized discounts on securities held outright (5) -17,246 + 37 + 1,439 -17,235
Repurchase agreements (6) 0 0 0 0
Loans 247 - 5 - 52 247
Primary credit 5 - 6 - 23 8
Secondary credit 0 0 0 0
Seasonal credit 242 + 1 + 4 239
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) 1,699 - 2 + 34 1,703
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 150 + 94 + 756 -13
Central bank liquidity swaps (11) 137 + 3 + 61 137
Other Federal Reserve assets (12) 23,709 + 255 - 876 23,787
Foreign currency denominated assets (13) 19,985 - 161 - 3,301 20,145
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (14) 47,065 + 14 + 961 47,065

Total factors supplying reserve funds 4,520,733 - 9,441 + 61,595 4,520,739

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 Sep 2, 2015
Federal Reserve Banks Sep 2, 2015 Aug 26, 2015 Sep 3, 2014

Currency in circulation (14) 1,379,114 + 3,312 + 86,189 1,382,317
Reverse repurchase agreements (15) 251,202 + 1,898 - 14,564 231,901
Foreign official and international accounts 165,951 + 364 + 63,427 161,571
Others 85,251 + 1,534 - 77,990 70,330
Treasury cash holdings 156 - 4 - 5 161
Deposits with F.R. Banks, other than reserve balances 142,191 - 14,135 + 83,306 146,514
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 120,354 - 8,227 + 77,486 122,263
Foreign official 5,248 - 2 - 1,318 5,244
Other (16) 16,589 - 5,907 + 7,139 19,007
Other liabilities and capital (17) 66,067 - 259 + 2,075 65,030

Total factors, other than reserve balances,
absorbing reserve funds 1,838,730 - 9,188 + 157,001 1,825,923

Reserve balances with Federal Reserve Banks 2,682,003 - 253 - 95,406 2,694,817

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 Sep 2, 2015
Sep 2, 2015 Aug 26, 2015 Sep 3, 2014

Securities held in custody for foreign official and
international accounts 3,346,627 + 4,860 + 7,901 3,331,522
Marketable U.S. Treasury securities (1) 3,016,891 + 4,966 + 5,872 3,001,386
Federal agency debt and mortgage-backed securities (2) 285,039 - 620 - 738 285,364
Other securities (3) 44,697 + 514 + 2,767 44,772
Securities lent to dealers 10,804 - 413 + 1,783 11,033
Overnight facility (4) 10,804 - 413 + 1,783 11,033
U.S. Treasury securities 10,757 - 410 + 2,618 10,983
Federal agency debt securities 47 - 3 - 835 50

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 2, 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 46 201 0 0 0 ... 247
U.S. Treasury securities (1)
Holdings 0 327 166,961 1,133,905 522,712 638,036 2,461,941
Weekly changes 0 0 + 6,978 - 4,106 - 2,850 + 43 + 65
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 1,727,355 1,736,684
Weekly changes 0 0 0 0 0 + 72 + 72
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 137 0 0 0 0 0 137

Reverse repurchase agreements (4) 231,901 0 ... ... ... ... 231,901
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
Sep 2, 2015

Mortgage-backed securities held outright (1) 1,736,684

Commitments to buy mortgage-backed securities (2) 35,577
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 32

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
Sep 2, 2015

Net portfolio holdings of Maiden Lane LLC (1) 1,703

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 Sep 2, 2015 Wednesday Wednesday
consolidation Aug 26, 2015 Sep 3, 2014

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,893 - 17 - 29
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,411,675 - 205 + 64,083
Securities held outright (1) 4,233,718 + 137 + 76,854
U.S. Treasury securities 2,461,941 + 65 + 24,955
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,346,640 - 1 + 23,950
Notes and bonds, inflation-indexed (2) 98,534 0 + 779
Inflation compensation (3) 16,767 + 66 + 226
Federal agency debt securities (2) 35,093 0 - 6,469
Mortgage-backed securities (4) 1,736,684 + 72 + 58,368
Unamortized premiums on securities held outright
(5) 194,945 - 368 - 14,094
Unamortized discounts on securities held outright
(5) -17,235 + 32 + 1,438
Repurchase agreements (6) 0 0 0
Loans 247 - 6 - 115
Net portfolio holdings of Maiden Lane LLC (7) 1,703 + 4 + 39
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) 309 + 19 + 193
Bank premises 2,233 - 4 - 22
Central bank liquidity swaps (10) 137 + 3 + 61
Foreign currency denominated assets (11) 20,145 - 141 - 3,060
Other assets (12) 21,554 + 1,122 - 837

Total assets (0) 4,475,886 + 781 + 60,299

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 Sep 2, 2015 Wednesday Wednesday
consolidation Aug 26, 2015 Sep 3, 2014

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,337,302 + 4,095 + 87,236
Reverse repurchase agreements (13) 231,901 + 25 - 18,405
Deposits (0) 2,841,330 - 3,075 - 9,354
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,694,817 - 10,346 - 118,936
U.S. Treasury, General Account 122,263 + 3,116 + 101,227
Foreign official 5,244 0 - 1,323
Other (14) (0) 19,007 + 4,155 + 9,679
Deferred availability cash items (0) 322 - 75 - 881
Other liabilities and accrued dividends (15) 6,739 - 186 - 253

Total liabilities (0) 4,417,595 + 784 + 58,345

Capital accounts
Capital paid in 29,145 - 2 + 977
Surplus 29,145 - 2 + 977
Other capital accounts 0 0 0

Total capital 58,291 - 3 + 1,954

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, September 2, 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 1,893 48 64 132 133 301 194 275 32 43 150 199 323
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,411,675 111,827 2,648,233 109,722 106,061 239,600 248,444 163,915 46,068 26,950 57,315 142,117 511,421
Securities held outright (1) 4,233,718 107,323 2,541,552 105,300 101,789 229,948 238,409 157,301 44,151 25,748 54,998 136,382 490,817
U.S. Treasury securities 2,461,941 62,409 1,477,933 61,233 59,191 133,717 138,637 91,472 25,674 14,973 31,982 79,307 285,414
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,461,941 62,409 1,477,933 61,233 59,191 133,717 138,637 91,472 25,674 14,973 31,982 79,307 285,414
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) 1,736,684 44,024 1,042,552 43,194 41,754 94,326 97,796 64,526 18,111 10,562 22,560 55,944 201,335
Unamortized premiums on securities held
outright (5) 194,945 4,942 117,028 4,849 4,687 10,588 10,978 7,243 2,033 1,186 2,532 6,280 22,600
Unamortized discounts on securities
held outright (5) -17,235 -437 -10,346 -429 -414 -936 -971 -640 -180 -105 -224 -555 -1,998
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 247 0 0 3 0 0 27 11 63 121 9 10 3
Net portfolio holdings of Maiden
Lane LLC (7) 1,703 0 1,703 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 309 0 0 0 0 0 309 0 0 0 0 0 0
Bank premises 2,233 126 436 73 107 215 208 204 118 93 238 220 196
Central bank liquidity swaps (10) 137 6 44 8 11 31 8 4 1 1 1 2 20
Foreign currency denominated
assets (11) 20,145 910 6,549 1,121 1,564 4,604 1,141 539 187 84 211 289 2,946
Other assets (12) 21,554 578 12,401 540 526 1,321 1,229 817 447 161 315 716 2,502
Interdistrict settlement account 0 - 15,358 - 112,475 + 10,231 + 30,521 + 43,031 - 7,446 + 12,972 + 10,259 + 5,053 + 2,787 + 9,934 + 10,492

Total assets 4,475,886 98,681 2,562,482 122,378 139,664 290,298 246,340 179,884 57,560 32,646 61,458 154,651 529,844

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, September 2, 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 1,518,615 48,737 496,411 49,916 82,568 104,702 210,399 105,521 52,271 26,620 41,297 117,070 183,102
Less: Notes held by F.R. Banks 181,313 6,197 57,783 6,498 9,869 11,955 23,646 11,662 5,155 3,020 4,772 14,627 26,128
Federal Reserve notes, net 1,337,302 42,540 438,627 43,418 72,699 92,747 186,753 93,859 47,115 23,600 36,525 102,444 156,974
Reverse repurchase agreements (13) 231,901 5,879 139,213 5,768 5,575 12,595 13,059 8,616 2,418 1,410 3,013 7,470 26,884
Deposits 2,841,330 47,464 1,961,942 69,730 56,673 171,265 42,580 75,509 7,305 7,120 21,160 43,622 336,962
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 2,694,817 47,456 1,822,355 69,727 56,670 171,071 42,570 68,847 7,269 7,120 21,158 43,620 336,954
U.S. Treasury, General Account 122,263 0 122,263 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) 19,007 6 12,107 0 0 185 7 6,661 35 0 1 1 2
Deferred availability cash items 322 0 0 0 0 0 206 0 0 117 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,844 39 1,151 36 27 21 120 72 29 15 22 71 242
Other liabilities and accrued
dividends 4,895 155 2,347 190 205 515 320 248 126 134 119 179 356

Total liabilities 4,417,595 96,077 2,543,280 119,141 135,180 277,144 243,037 178,304 56,994 32,396 60,838 153,787 521,418

Capital
Capital paid in 29,145 1,302 9,601 1,618 2,242 6,577 1,652 790 283 125 310 432 4,213
Surplus 29,145 1,302 9,601 1,618 2,242 6,577 1,652 790 283 125 310 432 4,213
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,475,886 98,681 2,562,482 122,378 139,664 290,298 246,340 179,884 57,560 32,646 61,458 154,651 529,844

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, September 2, 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
Sep 2, 2015

Federal Reserve notes outstanding 1,518,615
Less: Notes held by F.R. Banks not subject to collateralization 181,313
Federal Reserve notes to be collateralized 1,337,302
Collateral held against Federal Reserve notes 1,337,302
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,321,065
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,233,718
Less: Face value of securities under reverse repurchase agreements 217,821
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 4,015,897

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