FRB: H.4.1 Release--Factors Affecting Reserve Balances--June 11, 2015

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks June 11, 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 Jun 10, 2015
Federal Reserve Banks Jun 10, 2015 Jun 3, 2015 Jun 11, 2014

Reserve Bank credit 4,428,598 + 1,654 + 134,940 4,429,437
Securities held outright (1) 4,219,114 + 61 + 144,911 4,219,135
U.S. Treasury securities 2,460,783 + 60 + 78,651 2,460,803
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,346,643 0 + 75,961 2,346,643
Notes and bonds, inflation-indexed (2) 98,534 0 + 2,466 98,534
Inflation compensation (3) 15,606 + 60 + 224 15,626
Federal agency debt securities (2) 35,895 0 - 8,187 35,895
Mortgage-backed securities (4) 1,722,436 + 1 + 74,447 1,722,437
Unamortized premiums on securities held outright (5) 199,076 - 336 - 10,108 198,952
Unamortized discounts on securities held outright (5) -17,631 + 30 + 600 -17,620
Repurchase agreements (6) 0 0 0 0
Loans 123 + 16 - 46 132
Primary credit 6 - 7 - 3 2
Secondary credit 0 0 0 0
Seasonal credit 116 + 22 + 35 130
Term Asset-Backed Securities Loan Facility (7) 0 0 - 79 0
Other credit extensions 0 0 0 0
Net portfolio holdings of Maiden Lane LLC (8) 1,699 0 + 45 1,696
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 - 90 0
Float -390 - 65 + 209 -462
Central bank liquidity swaps (11) 0 0 - 174 0
Other Federal Reserve assets (12) 26,607 + 1,948 - 322 27,604
Foreign currency denominated assets (13) 19,719 + 134 - 4,188 19,956
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (14) 46,811 + 14 + 900 46,811

Total factors supplying reserve funds 4,511,369 + 1,802 + 131,652 4,512,446

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 Jun 10, 2015
Federal Reserve Banks Jun 10, 2015 Jun 3, 2015 Jun 11, 2014

Currency in circulation (14) 1,366,733 - 1,490 + 87,122 1,366,906
Reverse repurchase agreements (15) 231,199 - 54,198 + 24,281 226,199
Foreign official and international accounts 147,319 - 5,003 + 44,958 145,746
Others 83,880 - 49,196 - 20,677 80,453
Treasury cash holdings 194 + 27 + 6 134
Deposits with F.R. Banks, other than reserve balances 192,148 - 152,689 + 73,318 191,870
Term deposits held by depository institutions 0 - 145,702 - 59,102 0
U.S. Treasury, General Account 178,468 - 7,326 + 131,547 172,918
Foreign official 5,241 + 9 - 974 5,241
Other (16) 8,439 + 330 + 1,847 13,711
Other liabilities and capital (17) 66,814 + 636 + 2,154 65,678

Total factors, other than reserve balances,
absorbing reserve funds 1,857,088 - 207,714 + 186,881 1,850,787

Reserve balances with Federal Reserve Banks 2,654,281 + 209,516 - 55,229 2,661,659

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 Jun 10, 2015
Jun 10, 2015 Jun 3, 2015 Jun 11, 2014

Securities held in custody for foreign official and
international accounts 3,356,798 + 3,188 + 48,740 3,360,437
Marketable U.S. Treasury securities (1) 3,025,222 + 3,079 + 52,870 3,028,475
Federal agency debt and mortgage-backed securities (2) 287,515 + 40 - 6,725 287,816
Other securities (3) 44,061 + 69 + 2,594 44,145
Securities lent to dealers 10,132 - 802 - 2,122 10,295
Overnight facility (4) 10,132 - 802 - 2,122 10,295
U.S. Treasury securities 9,930 - 729 - 1,518 10,144
Federal agency debt securities 202 - 72 - 605 151

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, June 10, 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 24 108 0 0 0 ... 132
U.S. Treasury securities (1)
Holdings 0 1,289 129,567 1,098,748 586,954 644,244 2,460,803
Weekly changes 0 0 0 + 7 + 10 + 35 + 54
Federal agency debt securities (2)
Holdings 0 802 9,997 22,749 0 2,347 35,895
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (3)
Holdings 0 0 0 36 9,509 1,712,892 1,722,437
Weekly changes 0 0 0 0 + 7 - 5 + 1
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 0 0 0 0 0 0 0

Reverse repurchase agreements (4) 226,199 0 ... ... ... ... 226,199
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
Jun 10, 2015

Mortgage-backed securities held outright (1) 1,722,437

Commitments to buy mortgage-backed securities (2) 54,595
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 9

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
Jun 10, 2015

Net portfolio holdings of Maiden Lane LLC (1) 1,696

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 March 31, 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 Jun 10, 2015 Wednesday Wednesday
consolidation Jun 3, 2015 Jun 11, 2014

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,829 + 34 - 51
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,400,599 - 231 + 131,698
Securities held outright (1) 4,219,135 + 55 + 141,249
U.S. Treasury securities 2,460,803 + 54 + 75,002
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,346,643 0 + 72,323
Notes and bonds, inflation-indexed (2) 98,534 0 + 2,466
Inflation compensation (3) 15,626 + 54 + 212
Federal agency debt securities (2) 35,895 0 - 8,187
Mortgage-backed securities (4) 1,722,437 + 1 + 74,434
Unamortized premiums on securities held outright
(5) 198,952 - 324 - 10,149
Unamortized discounts on securities held outright
(5) -17,620 + 30 + 649
Repurchase agreements (6) 0 0 0
Loans 132 + 8 - 51
Net portfolio holdings of Maiden Lane LLC (7) 1,696 - 4 + 42
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 - 90
Items in process of collection (0) 82 + 2 - 2
Bank premises 2,240 + 3 - 22
Central bank liquidity swaps (10) 0 0 - 174
Foreign currency denominated assets (11) 19,956 + 106 - 3,918
Other assets (12) 25,367 + 2,736 - 296

Total assets (0) 4,468,005 + 2,645 + 127,101

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 Jun 10, 2015 Wednesday Wednesday
consolidation Jun 3, 2015 Jun 11, 2014

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,322,053 - 1,730 + 85,992
Reverse repurchase agreements (13) 226,199 - 16,387 + 13,063
Deposits (0) 2,853,531 + 20,887 + 26,313
Term deposits held by depository institutions 0 - 145,702 - 59,102
Other deposits held by depository institutions 2,661,661 + 171,617 - 47,581
U.S. Treasury, General Account 172,918 - 11,181 + 130,498
Foreign official 5,241 + 10 - 705
Other (14) (0) 13,711 + 6,142 + 3,203
Deferred availability cash items (0) 544 + 173 - 154
Other liabilities and accrued dividends (15) 7,427 - 299 - 54

Total liabilities (0) 4,409,754 + 2,644 + 125,161

Capital accounts
Capital paid in 29,125 0 + 970
Surplus 29,125 0 + 970
Other capital accounts 0 0 0

Total capital 58,251 + 1 + 1,941

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, June 10, 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 1,829 33 61 126 126 292 195 268 26 46 147 193 315
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,400,599 111,552 2,641,653 109,447 105,798 239,005 247,818 163,509 45,907 26,826 57,172 141,758 510,154
Securities held outright (1) 4,219,135 106,953 2,532,797 104,937 101,438 229,156 237,588 156,760 43,999 25,659 54,809 135,912 489,126
U.S. Treasury securities 2,460,803 62,380 1,477,250 61,204 59,164 133,655 138,573 91,430 25,662 14,966 31,967 79,271 285,282
Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Notes and bonds (3) 2,460,803 62,380 1,477,250 61,204 59,164 133,655 138,573 91,430 25,662 14,966 31,967 79,271 285,282
Federal agency debt securities (2) 35,895 910 21,548 893 863 1,950 2,021 1,334 374 218 466 1,156 4,161
Mortgage-backed securities (4) 1,722,437 43,663 1,034,000 42,840 41,411 93,552 96,994 63,996 17,962 10,475 22,375 55,485 199,683
Unamortized premiums on securities held
outright (5) 198,952 5,043 119,433 4,948 4,783 10,806 11,203 7,392 2,075 1,210 2,584 6,409 23,065
Unamortized discounts on securities
held outright (5) -17,620 -447 -10,577 -438 -424 -957 -992 -655 -184 -107 -229 -568 -2,043
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 132 2 0 0 0 0 19 12 17 64 8 5 6
Net portfolio holdings of Maiden
Lane LLC (7) 1,696 0 1,696 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 82 0 0 0 0 0 81 0 0 1 0 0 0
Bank premises 2,240 125 435 73 108 216 209 203 119 94 239 220 197
Central bank liquidity swaps (10) 0 0 0 0 0 0 0 0 0 0 0 0 0
Foreign currency denominated
assets (11) 19,956 905 6,434 1,115 1,556 4,579 1,135 536 186 84 210 287 2,930
Other assets (12) 25,367 672 14,657 638 617 1,540 1,451 956 488 181 360 869 2,939
Interdistrict settlement account 0 + 10,620 - 93,089 + 3,757 + 28,172 + 16,474 - 11,342 + 4,088 + 4,309 + 4,156 + 3,272 + 10,857 + 18,727

Total assets 4,468,005 124,449 2,577,374 115,706 137,118 263,302 241,801 170,718 51,484 31,648 61,842 155,357 537,206

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, June 10, 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 1,504,402 50,002 485,867 50,953 79,383 104,015 207,972 105,878 45,799 26,548 41,736 119,640 186,608
Less: Notes held by F.R. Banks 182,349 5,593 63,938 5,137 9,387 12,168 23,258 11,436 4,893 2,794 4,825 14,204 24,716
Federal Reserve notes, net 1,322,053 44,409 421,930 45,817 69,995 91,847 184,715 94,442 40,906 23,754 36,911 105,436 161,892
Reverse repurchase agreements (13) 226,199 5,734 135,790 5,626 5,438 12,286 12,738 8,404 2,359 1,376 2,938 7,287 26,223
Deposits 2,853,531 71,469 1,997,042 60,633 56,899 145,257 40,353 65,942 7,495 5,812 21,235 41,514 339,880
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 2,661,661 71,465 1,805,366 60,631 56,896 145,136 40,343 65,939 7,459 5,812 21,234 41,508 339,872
U.S. Treasury, General Account 172,918 0 172,918 0 0 0 0 0 0 0 0 0 0
Foreign official 5,241 2 5,214 2 3 9 2 1 0 0 0 1 6
Other (14) 13,711 2 13,544 0 0 111 7 2 36 0 1 5 2
Deferred availability cash items 544 0 0 0 0 0 240 0 0 304 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 2,285 56 1,393 57 56 131 124 81 19 11 26 69 262
Other liabilities and accrued
dividends 5,143 178 2,198 225 245 635 350 269 142 135 125 193 449

Total liabilities 4,409,754 121,846 2,558,354 112,357 132,632 250,155 238,519 169,138 50,920 31,392 61,236 154,498 528,707

Capital
Capital paid in 29,125 1,302 9,510 1,675 2,243 6,573 1,641 790 282 128 303 430 4,250
Surplus 29,125 1,302 9,510 1,675 2,243 6,573 1,641 790 282 128 303 430 4,250
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,468,005 124,449 2,577,374 115,706 137,118 263,302 241,801 170,718 51,484 31,648 61,842 155,357 537,206

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, June 10, 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
Jun 10, 2015

Federal Reserve notes outstanding 1,504,402
Less: Notes held by F.R. Banks not subject to collateralization 182,349
Federal Reserve notes to be collateralized 1,322,053
Collateral held against Federal Reserve notes 1,322,053
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,305,816
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,219,135
Less: Face value of securities under reverse repurchase agreements 213,006
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 4,006,129

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