FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 24, 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 23, 2015 Federal Reserve Banks Sep 23, 2015 Sep 16, 2015 Sep 24, 2014 Reserve Bank credit 4,456,519 + 10,925 + 38,786 4,459,134 Securities held outright (1) 4,247,505 + 9,104 + 52,286 4,249,658 U.S. Treasury securities 2,461,946 + 2 + 14,880 2,461,946 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,346,640 0 + 14,336 2,346,640 Notes and bonds, inflation-indexed (2) 98,534 0 + 346 98,534 Inflation compensation (3) 16,771 + 1 + 197 16,772 Federal agency debt securities (2) 35,093 0 - 4,913 35,093 Mortgage-backed securities (4) 1,750,467 + 9,102 + 42,320 1,752,619 Unamortized premiums on securities held outright (5) 194,539 - 41 - 15,362 194,460 Unamortized discounts on securities held outright (5) -17,134 + 49 + 1,551 -17,119 Repurchase agreements (6) 0 0 0 0 Loans 269 + 15 - 61 283 Primary credit 11 + 5 - 24 21 Secondary credit 0 0 0 0 Seasonal credit 258 + 10 - 5 262 Term Asset-Backed Securities Loan Facility (7) 0 0 - 32 0 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,702 - 1 + 38 1,702 Net portfolio holdings of TALF LLC (9) 0 0 - 44 0 Float 117 + 160 + 611 69 Central bank liquidity swaps (10) 683 + 539 + 660 683 Other Federal Reserve assets (11) 28,837 + 1,100 - 894 29,397 Foreign currency denominated assets (12) 20,085 - 18 - 2,475 19,968 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 47,107 + 14 + 953 47,107 Total factors supplying reserve funds 4,539,952 + 10,920 + 37,264 4,542,450 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 23, 2015 Federal Reserve Banks Sep 23, 2015 Sep 16, 2015 Sep 24, 2014 Currency in circulation (13) 1,383,580 - 1,564 + 95,264 1,384,890 Reverse repurchase agreements (14) 290,801 + 61,223 + 20,259 303,797 Foreign official and international accounts 159,390 + 2,174 + 59,101 159,500 Others 131,410 + 59,048 - 38,844 144,297 Treasury cash holdings 146 - 15 - 18 157 Deposits with F.R. Banks, other than reserve balances 176,013 + 25,296 + 28,583 186,387 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 153,512 + 36,101 + 38,684 164,941 Foreign official 5,427 + 170 + 183 5,256 Other (15) 17,073 - 10,976 - 10,286 16,190 Other liabilities and capital (16) 66,549 - 371 + 2,893 65,023 Total factors, other than reserve balances, absorbing reserve funds 1,917,088 + 84,568 + 146,980 1,940,254 Reserve balances with Federal Reserve Banks 2,622,865 - 73,646 - 109,715 2,602,196 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. 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. 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. 12. Revalued daily at current foreign currency exchange rates. 13. Estimated. 14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. 16. 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 23, 2015 Sep 23, 2015 Sep 16, 2015 Sep 24, 2014 Securities held in custody for foreign official and international accounts 3,351,571 + 14,272 - 8,031 3,349,655 Marketable U.S. Treasury securities (1) 3,023,950 + 15,854 + 376 3,023,135 Federal agency debt and mortgage-backed securities (2) 282,670 - 1,705 - 10,424 281,580 Other securities (3) 44,951 + 123 + 2,017 44,940 Securities lent to dealers 14,195 + 957 + 1,094 14,318 Overnight facility (4) 14,195 + 957 + 1,094 14,318 U.S. Treasury securities 14,146 + 956 + 1,828 14,270 Federal agency debt securities 49 + 1 - 734 48 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 23, 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 240 43 0 0 0 ... 283 U.S. Treasury securities (1) Holdings 1 327 166,961 1,133,906 522,712 638,040 2,461,946 Weekly changes 0 0 0 0 0 + 2 + 2 Federal agency debt securities (2) Holdings 0 2,149 12,452 18,145 0 2,347 35,093 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 0 151 9,506 1,742,962 1,752,619 Weekly changes 0 0 0 0 + 187 + 7,312 + 7,500 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 683 0 0 0 0 0 683 Reverse repurchase agreements (4) 303,797 0 ... ... ... ... 303,797 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 23, 2015 Mortgage-backed securities held outright (1) 1,752,619 Commitments to buy mortgage-backed securities (2) 21,240 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 63 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 23, 2015 Net portfolio holdings of Maiden Lane LLC (1) 1,702 Outstanding principal amount of loan extended by the Federal Reserve Bank of New York (2) 0 Accrued interest payable to the Federal Reserve Bank of New York (2) 0 Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. (3) 0 1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2015. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available. 2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6. 3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 5 and table 6. Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior loan from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were repaid in full, with interest. 5. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Assets, liabilities, and capital Eliminations Wednesday Change since from Sep 23, 2015 Wednesday Wednesday consolidation Sep 16, 2015 Sep 24, 2014 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,907 + 6 - 28 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,427,283 + 7,392 + 41,033 Securities held outright (1) 4,249,658 + 7,501 + 54,745 U.S. Treasury securities 2,461,946 + 2 + 13,321 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,346,640 0 + 12,773 Notes and bonds, inflation-indexed (2) 98,534 0 + 346 Inflation compensation (3) 16,772 + 2 + 202 Federal agency debt securities (2) 35,093 0 - 4,913 Mortgage-backed securities (4) 1,752,619 + 7,500 + 46,337 Unamortized premiums on securities held outright (5) 194,460 - 176 - 15,251 Unamortized discounts on securities held outright (5) -17,119 + 48 + 1,586 Repurchase agreements (6) 0 0 0 Loans 283 + 19 - 48 Net portfolio holdings of Maiden Lane LLC (7) 1,702 0 + 38 Net portfolio holdings of TALF LLC (8) 0 0 - 44 Items in process of collection (0) 307 + 20 + 228 Bank premises 2,238 + 3 - 22 Central bank liquidity swaps (9) 683 + 538 + 660 Foreign currency denominated assets (10) 19,968 - 125 - 2,532 Other assets (11) 27,159 + 1,841 - 901 Total assets (0) 4,497,484 + 9,675 + 38,434 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 23, 2015 Wednesday Wednesday consolidation Sep 16, 2015 Sep 24, 2014 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,339,843 + 122 + 94,725 Reverse repurchase agreements (12) 303,797 + 67,780 + 42,073 Deposits (0) 2,788,583 - 57,771 - 100,373 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,602,196 - 41,568 - 104,989 U.S. Treasury, General Account 164,941 - 15,049 + 46,036 Foreign official 5,256 - 14 + 13 Other (13) (0) 16,190 - 1,139 - 41,433 Deferred availability cash items (0) 238 - 118 - 414 Other liabilities and accrued dividends (14) 6,471 - 602 + 239 Total liabilities (0) 4,438,933 + 9,412 + 36,252 Capital accounts Capital paid in 29,276 + 132 + 1,091 Surplus 29,276 + 132 + 1,091 Other capital accounts 0 0 0 Total capital 58,552 + 264 + 2,182 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. Refer to the note on consolidation accompanying table 6. 9. 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. 10. Revalued daily at current foreign currency exchange rates. 11. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. 14. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury. 6. Statement of Condition of Each Federal Reserve Bank, September 23, 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 1,907 47 68 133 134 301 200 274 32 44 153 198 323 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,427,283 112,222 2,657,581 110,107 106,436 240,446 249,327 164,516 46,226 27,059 57,522 142,616 513,226 Securities held outright (1) 4,249,658 107,727 2,551,121 105,696 102,172 230,814 239,307 157,894 44,318 25,845 55,205 136,895 492,665 U.S. Treasury securities 2,461,946 62,409 1,477,936 61,233 59,191 133,717 138,637 91,472 25,674 14,973 31,982 79,307 285,415 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,461,946 62,409 1,477,936 61,233 59,191 133,717 138,637 91,472 25,674 14,973 31,982 79,307 285,415 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) 1,752,619 44,428 1,052,118 43,591 42,137 95,191 98,694 65,118 18,277 10,659 22,767 56,458 203,182 Unamortized premiums on securities held outright (5) 194,460 4,929 116,737 4,837 4,675 10,562 10,950 7,225 2,028 1,183 2,526 6,264 22,544 Unamortized discounts on securities held outright (5) -17,119 -434 -10,277 -426 -412 -930 -964 -636 -179 -104 -222 -551 -1,985 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 283 0 0 0 0 0 34 33 59 135 13 8 2 Net portfolio holdings of Maiden Lane LLC (7) 1,702 0 1,702 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF LLC (8) 0 0 0 0 0 0 0 0 0 0 0 0 0 Items in process of collection 307 0 0 0 0 0 307 0 0 0 0 0 0 Bank premises 2,238 128 437 73 107 215 208 204 118 93 238 221 196 Central bank liquidity swaps (9) 683 31 220 38 53 157 39 18 6 3 7 10 100 Foreign currency denominated assets (10) 19,968 905 6,438 1,116 1,556 4,582 1,136 536 186 84 210 288 2,932 Other assets (11) 27,159 721 15,741 682 661 1,624 1,532 1,015 496 191 389 962 3,146 Interdistrict settlement account 0 - 16,514 - 42,094 + 6,973 + 21,843 + 26,962 - 9,596 + 16,117 + 10,189 + 3,970 + 2,156 + 4,686 - 24,692 Total assets 4,497,484 98,084 2,645,621 119,672 131,533 275,481 245,407 183,838 57,702 31,704 61,115 150,153 497,175 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 23, 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 1,526,807 48,903 501,067 50,089 82,874 105,569 212,863 105,207 52,521 26,933 41,314 116,741 182,726 Less: Notes held by F.R. Banks 186,964 6,478 57,250 6,772 10,411 12,890 24,603 12,156 5,125 3,234 4,757 14,848 28,440 Federal Reserve notes, net 1,339,843 42,425 443,816 43,317 72,463 92,679 188,260 93,051 47,396 23,699 36,557 101,893 154,286 Reverse repurchase agreements (12) 303,797 7,701 182,373 7,556 7,304 16,500 17,107 11,287 3,168 1,848 3,946 9,786 35,219 Deposits 2,788,583 45,145 1,996,968 65,326 47,030 152,541 36,134 77,600 6,425 5,677 19,844 37,361 298,532 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 2,602,196 45,141 1,818,493 65,324 47,027 152,411 36,124 69,885 6,389 5,677 19,843 37,358 298,524 U.S. Treasury, General Account 164,941 0 164,941 0 0 0 0 0 0 0 0 0 0 Foreign official 5,256 2 5,229 2 3 9 2 1 0 0 0 1 6 Other (13) 16,190 2 8,305 0 0 121 7 7,714 35 0 1 2 2 Deferred availability cash items 238 0 0 0 0 0 155 0 0 83 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (14) 1,660 42 1,121 39 35 68 106 60 17 10 26 61 76 Other liabilities and accrued dividends 4,811 167 2,138 201 216 538 341 260 128 137 121 187 379 Total liabilities 4,438,933 95,480 2,626,416 116,439 127,048 262,326 242,103 182,258 57,133 31,454 60,495 149,288 488,492 Capital Capital paid in 29,276 1,302 9,603 1,617 2,242 6,577 1,652 790 284 125 310 433 4,341 Surplus 29,276 1,302 9,603 1,617 2,242 6,577 1,652 790 284 125 310 433 4,341 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,497,484 98,084 2,645,621 119,672 131,533 275,481 245,407 183,838 57,702 31,704 61,115 150,153 497,175 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 23, 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. Refer to the note on consolidation below. 9. 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. 10. Revalued daily at current foreign currency exchange rates. 11. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. 14. 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 (ML), 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 ML was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. On November 25, 2008, the Federal Reserve Board authorized FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by 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 FRBNY's commitment to extend credit to TALF LLC was eliminated. FRBNY was the primary beneficiary of ML because it received a majority of the residual returns and could have absorbed a majority of any residual losses should they have occurred. FRBNY was the primary beneficiary of TALF LLC, because of the two beneficiaries of TALF LLC, FRBNY and the U.S. Treasury, FRBNY was primarily responsible for directing the financial activities of TALF LLC. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs were consolidated with the assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from 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 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 23, 2015 Federal Reserve notes outstanding 1,526,807 Less: Notes held by F.R. Banks not subject to collateralization 186,964 Federal Reserve notes to be collateralized 1,339,843 Collateral held against Federal Reserve notes 1,339,843 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,323,606 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,249,658 Less: Face value of securities under reverse repurchase agreements 290,364 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,959,294 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.