FRB: H.4.1 Release--Factors Affecting Reserve Balances--September 10, 2015

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks September 10, 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 9, 2015
Federal Reserve Banks Sep 9, 2015 Sep 2, 2015 Sep 10, 2014

Reserve Bank credit 4,439,034 + 1,592 + 61,344 4,439,704
Securities held outright (1) 4,233,727 + 61 + 74,190 4,233,742
U.S. Treasury securities 2,461,942 + 14 + 22,285 2,461,943
Bills (2) 0 0 0 0
Notes and bonds, nominal (2) 2,346,640 0 + 21,272 2,346,640
Notes and bonds, inflation-indexed (2) 98,534 0 + 779 98,534
Inflation compensation (3) 16,768 + 15 + 234 16,769
Federal agency debt securities (2) 35,093 0 - 6,469 35,093
Mortgage-backed securities (4) 1,736,692 + 47 + 58,375 1,736,706
Unamortized premiums on securities held outright (5) 194,699 - 380 - 14,264 194,617
Unamortized discounts on securities held outright (5) -17,214 + 32 + 1,450 -17,205
Repurchase agreements (6) 0 0 0 0
Loans 241 - 6 - 50 247
Primary credit 2 - 3 - 8 5
Secondary credit 0 0 0 0
Seasonal credit 239 - 3 - 8 242
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) 1,703 + 4 + 39 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 67 - 83 + 742 -50
Central bank liquidity swaps (11) 136 - 1 + 59 136
Other Federal Reserve assets (12) 25,674 + 1,965 - 695 26,515
Foreign currency denominated assets (13) 19,972 - 13 - 2,961 19,921
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (14) 47,079 + 14 + 958 47,079

Total factors supplying reserve funds 4,522,326 + 1,593 + 59,341 4,522,945

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 9, 2015
Federal Reserve Banks Sep 9, 2015 Sep 2, 2015 Sep 10, 2014

Currency in circulation (14) 1,385,768 + 6,654 + 93,283 1,387,170
Reverse repurchase agreements (15) 226,051 - 25,151 - 40,533 228,052
Foreign official and international accounts 160,377 - 5,574 + 58,149 159,923
Others 65,674 - 19,577 - 98,682 68,129
Treasury cash holdings 161 + 5 - 4 164
Deposits with F.R. Banks, other than reserve balances 112,988 - 29,203 + 60,273 107,660
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 85,792 - 34,562 + 46,711 76,256
Foreign official 5,344 + 96 - 88 5,255
Other (16) 21,852 + 5,263 + 13,650 26,149
Other liabilities and capital (17) 66,130 + 63 + 2,139 65,250

Total factors, other than reserve balances,
absorbing reserve funds 1,791,098 - 47,632 + 115,158 1,788,295

Reserve balances with Federal Reserve Banks 2,731,228 + 49,225 - 55,817 2,734,650

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 9, 2015
Sep 9, 2015 Sep 2, 2015 Sep 10, 2014

Securities held in custody for foreign official and
international accounts 3,335,063 - 11,564 - 3,246 3,327,116
Marketable U.S. Treasury securities (1) 3,005,028 - 11,863 - 5,535 2,997,127
Federal agency debt and mortgage-backed securities (2) 285,327 + 288 - 478 285,264
Other securities (3) 44,709 + 12 + 2,767 44,725
Securities lent to dealers 12,536 + 1,732 + 1,867 11,796
Overnight facility (4) 12,536 + 1,732 + 1,867 11,796
U.S. Treasury securities 12,491 + 1,734 + 2,631 11,752
Federal agency debt securities 45 - 2 - 765 44

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 9, 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 79 168 0 0 0 ... 247
U.S. Treasury securities (1)
Holdings 0 327 166,961 1,133,906 522,712 638,037 2,461,943
Weekly changes 0 0 0 + 1 0 + 1 + 2
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 0 151 9,359 1,727,196 1,736,706
Weekly changes 0 0 0 + 51 + 130 - 159 + 22
Repurchase agreements (4) 0 0 ... ... ... ... 0
Central bank liquidity swaps (5) 136 0 0 0 0 0 136

Reverse repurchase agreements (4) 228,052 0 ... ... ... ... 228,052
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 9, 2015

Mortgage-backed securities held outright (1) 1,736,706

Commitments to buy mortgage-backed securities (2) 39,664
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
Sep 9, 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 9, 2015 Wednesday Wednesday
consolidation Sep 2, 2015 Sep 10, 2014

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,889 - 4 - 41
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 4,411,401 - 274 + 60,275
Securities held outright (1) 4,233,742 + 24 + 73,221
U.S. Treasury securities 2,461,943 + 2 + 21,306
Bills (2) 0 0 0
Notes and bonds, nominal (2) 2,346,640 0 + 20,289
Notes and bonds, inflation-indexed (2) 98,534 0 + 779
Inflation compensation (3) 16,769 + 2 + 238
Federal agency debt securities (2) 35,093 0 - 6,469
Mortgage-backed securities (4) 1,736,706 + 22 + 58,384
Unamortized premiums on securities held outright
(5) 194,617 - 328 - 14,290
Unamortized discounts on securities held outright
(5) -17,205 + 30 + 1,449
Repurchase agreements (6) 0 0 0
Loans 247 0 - 105
Net portfolio holdings of Maiden Lane LLC (7) 1,703 0 + 38
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) 411 + 102 + 317
Bank premises 2,234 + 1 - 21
Central bank liquidity swaps (10) 136 - 1 + 59
Foreign currency denominated assets (11) 19,921 - 224 - 2,880
Other assets (12) 24,281 + 2,727 - 814

Total assets (0) 4,478,213 + 2,327 + 56,805

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 9, 2015 Wednesday Wednesday
consolidation Sep 2, 2015 Sep 10, 2014

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,342,139 + 4,837 + 94,159
Reverse repurchase agreements (13) 228,052 - 3,849 - 39,550
Deposits (0) 2,842,310 + 980 + 238
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,734,650 + 39,833 - 54,304
U.S. Treasury, General Account 76,256 - 46,007 + 44,384
Foreign official 5,255 + 11 + 14
Other (14) (0) 26,149 + 7,142 + 10,145
Deferred availability cash items (0) 462 + 140 - 259
Other liabilities and accrued dividends (15) 6,962 + 223 + 269

Total liabilities (0) 4,419,924 + 2,329 + 54,857

Capital accounts
Capital paid in 29,144 - 1 + 974
Surplus 29,144 - 1 + 974
Other capital accounts 0 0 0

Total capital 58,288 - 3 + 1,947

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 9, 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 47 65 131 133 299 193 275 32 43 151 198 322
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans 4,411,401 111,821 2,648,069 109,713 106,055 239,588 248,427 163,909 46,063 26,951 57,312 142,106 511,389
Securities held outright (1) 4,233,742 107,323 2,541,566 105,300 101,789 229,950 238,411 157,302 44,152 25,748 54,999 136,383 490,820
U.S. Treasury securities 2,461,943 62,409 1,477,934 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) 2,461,943 62,409 1,477,934 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) 1,736,706 44,025 1,042,565 43,195 41,755 94,327 97,798 64,526 18,111 10,562 22,561 55,945 201,337
Unamortized premiums on securities held
outright (5) 194,617 4,933 116,831 4,840 4,679 10,570 10,959 7,231 2,030 1,184 2,528 6,269 22,562
Unamortized discounts on securities
held outright (5) -17,205 -436 -10,328 -428 -414 -934 -969 -639 -179 -105 -223 -554 -1,995
Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0
Loans 247 0 0 0 0 2 26 15 61 124 9 9 2
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 411 0 0 0 0 0 410 0 0 1 0 0 0
Bank premises 2,234 127 436 73 107 215 208 204 118 93 238 220 196
Central bank liquidity swaps (10) 136 6 44 8 11 31 8 4 1 1 1 2 20
Foreign currency denominated
assets (11) 19,921 903 6,423 1,113 1,553 4,570 1,133 535 186 84 210 287 2,925
Other assets (12) 24,281 646 14,023 608 592 1,469 1,381 917 475 180 350 826 2,815
Interdistrict settlement account 0 - 13,989 - 120,962 + 9,241 + 35,761 + 48,625 - 6,313 + 11,965 + 11,173 + 4,942 + 3,759 + 9,003 + 6,795

Total assets 4,478,213 100,103 2,555,327 121,436 144,953 295,992 247,702 178,968 58,496 32,555 62,461 153,816 526,404

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 9, 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 1,521,802 48,721 497,952 49,877 82,653 105,257 211,258 105,659 52,516 26,791 41,265 117,030 182,824
Less: Notes held by F.R. Banks 179,663 6,086 57,191 6,402 9,370 12,230 23,544 11,740 5,013 3,101 4,529 14,520 25,937
Federal Reserve notes, net 1,342,139 42,634 440,761 43,475 73,283 93,027 187,714 93,919 47,502 23,690 36,736 102,511 156,887
Reverse repurchase agreements (13) 228,052 5,781 136,902 5,672 5,483 12,386 12,842 8,473 2,378 1,387 2,963 7,346 26,438
Deposits 2,842,310 48,884 1,954,772 68,822 61,459 176,835 43,088 74,676 7,902 6,939 21,999 42,851 334,084
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 2,734,650 48,881 1,854,247 68,818 61,456 176,574 43,078 67,870 7,866 6,938 21,997 42,849 334,076
U.S. Treasury, General Account 76,256 0 76,256 0 0 0 0 0 0 0 0 0 0
Foreign official 5,255 2 5,228 2 3 9 2 1 0 0 0 1 6
Other (14) 26,149 2 19,041 1 0 252 7 6,806 35 0 1 1 2
Deferred availability cash items 462 0 0 0 0 0 322 0 0 140 0 0 0
Interest on Federal Reserve notes due
to U.S. Treasury (15) 1,976 44 1,272 42 36 70 105 72 17 10 23 64 220
Other liabilities and accrued
dividends 4,985 155 2,419 191 207 519 328 248 130 138 121 180 349

Total liabilities 4,419,924 97,499 2,536,125 118,202 140,469 282,838 244,399 177,388 57,930 32,304 61,841 152,952 517,978

Capital
Capital paid in 29,144 1,302 9,601 1,617 2,242 6,577 1,652 790 283 125 310 432 4,213
Surplus 29,144 1,302 9,601 1,617 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 4,478,213 100,103 2,555,327 121,436 144,953 295,992 247,702 178,968 58,496 32,555 62,461 153,816 526,404

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 9, 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 9, 2015

Federal Reserve notes outstanding 1,521,802
Less: Notes held by F.R. Banks not subject to collateralization 179,663
Federal Reserve notes to be collateralized 1,342,139
Collateral held against Federal Reserve notes 1,342,139
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,325,902
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,233,742
Less: Face value of securities under reverse repurchase agreements 219,881
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 4,013,861

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