FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 29, 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 Oct 28, 2015 Federal Reserve Banks Oct 28, 2015 Oct 21, 2015 Oct 29, 2014 Reserve Bank credit 4,458,309 + 931 + 7,389 4,450,808 Securities held outright (1) 4,246,473 + 323 + 22,553 4,240,037 U.S. Treasury securities 2,461,813 - 37 + 1,095 2,461,800 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,346,639 0 + 804 2,346,639 Notes and bonds, inflation-indexed (2) 98,534 0 + 65 98,534 Inflation compensation (3) 16,640 - 37 + 226 16,626 Federal agency debt securities (2) 34,146 0 - 5,554 34,146 Mortgage-backed securities (4) 1,750,513 + 360 + 27,011 1,744,091 Unamortized premiums on securities held outright (5) 192,765 - 317 - 16,646 192,433 Unamortized discounts on securities held outright (5) -16,884 + 37 + 1,821 -16,871 Repurchase agreements (6) 0 0 0 0 Loans 179 - 15 - 39 167 Primary credit 2 - 4 - 10 0 Secondary credit 0 0 0 0 Seasonal credit 177 - 12 - 17 166 Term Asset-Backed Securities Loan Facility (7) 0 0 - 12 0 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,706 + 1 + 34 1,716 Net portfolio holdings of TALF LLC (9) 0 0 - 24 0 Float 219 - 56 + 731 -113 Central bank liquidity swaps (10) 140 0 + 140 140 Other Federal Reserve assets (11) 33,711 + 958 - 1,180 33,298 Foreign currency denominated assets (12) 19,805 - 427 - 2,676 19,839 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 47,334 + 14 + 1,106 47,334 Total factors supplying reserve funds 4,541,689 + 518 + 5,819 4,534,221 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 Oct 28, 2015 Federal Reserve Banks Oct 28, 2015 Oct 21, 2015 Oct 29, 2014 Currency in circulation (13) 1,392,478 + 951 + 95,272 1,394,954 Reverse repurchase agreements (14) 325,953 + 21,298 + 106,801 344,810 Foreign official and international accounts 187,287 + 11,898 + 84,881 189,494 Others 138,665 + 9,400 + 21,919 155,316 Treasury cash holdings 226 + 33 + 28 238 Deposits with F.R. Banks, other than reserve balances 99,495 + 14,695 - 225,712 60,961 Term deposits held by depository institutions 0 0 - 171,861 0 U.S. Treasury, General Account 47,100 - 13,303 - 71,324 35,586 Foreign official 5,261 - 189 - 3 5,273 Other (15) 47,134 + 28,187 + 17,475 20,102 Other liabilities and capital (16) 65,777 - 912 + 1,479 65,070 Total factors, other than reserve balances, absorbing reserve funds 1,883,928 + 36,064 - 22,134 1,866,034 Reserve balances with Federal Reserve Banks 2,657,762 - 35,544 + 27,953 2,668,187 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 Oct 28, 2015 Oct 28, 2015 Oct 21, 2015 Oct 29, 2014 Securities held in custody for foreign official and international accounts 3,292,359 - 9,093 + 896 3,287,864 Marketable U.S. Treasury securities (1) 2,970,314 - 6,574 + 6,770 2,966,612 Federal agency debt and mortgage-backed securities (2) 276,091 - 2,558 - 9,987 275,260 Other securities (3) 45,954 + 39 + 4,113 45,991 Securities lent to dealers 16,437 + 661 + 6,334 13,897 Overnight facility (4) 16,437 + 661 + 6,334 13,897 U.S. Treasury securities 16,376 + 646 + 6,954 13,848 Federal agency debt securities 61 + 14 - 620 49 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, October 28, 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 142 24 0 0 0 ... 167 U.S. Treasury securities (1) Holdings 0 327 173,783 1,135,709 514,037 637,943 2,461,800 Weekly changes 0 0 - 1 - 6 - 6 - 25 - 37 Federal agency debt securities (2) Holdings 0 2,828 12,825 16,146 0 2,347 34,146 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 0 269 9,374 1,734,448 1,744,091 Weekly changes 0 0 0 - 8 - 236 - 10,862 - 11,106 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 140 0 0 0 0 0 140 Reverse repurchase agreements (4) 344,810 0 ... ... ... ... 344,810 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 Oct 28, 2015 Mortgage-backed securities held outright (1) 1,744,091 Commitments to buy mortgage-backed securities (2) 22,795 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 39 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 Oct 28, 2015 Net portfolio holdings of Maiden Lane LLC (1) 1,716 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 September 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 Oct 28, 2015 Wednesday Wednesday consolidation Oct 21, 2015 Oct 29, 2014 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,884 - 9 - 30 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,415,767 - 11,835 + 5,947 Securities held outright (1) 4,240,037 - 11,143 + 20,869 U.S. Treasury securities 2,461,800 - 37 + 220 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,346,639 0 - 75 Notes and bonds, inflation-indexed (2) 98,534 0 + 65 Inflation compensation (3) 16,626 - 37 + 228 Federal agency debt securities (2) 34,146 0 - 5,554 Mortgage-backed securities (4) 1,744,091 - 11,106 + 26,203 Unamortized premiums on securities held outright (5) 192,433 - 710 - 16,707 Unamortized discounts on securities held outright (5) -16,871 + 36 + 1,823 Repurchase agreements (6) 0 0 0 Loans 167 - 20 - 39 Net portfolio holdings of Maiden Lane LLC (7) 1,716 + 11 + 37 Net portfolio holdings of TALF LLC (8) 0 0 - 24 Items in process of collection (0) 459 - 109 + 388 Bank premises 2,236 + 1 - 32 Central bank liquidity swaps (9) 140 0 + 140 Foreign currency denominated assets (10) 19,839 - 346 - 2,703 Other assets (11) 31,062 + 255 - 1,137 Total assets (0) 4,489,339 - 12,033 + 2,585 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 Oct 28, 2015 Wednesday Wednesday consolidation Oct 21, 2015 Oct 29, 2014 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,349,738 + 2,728 + 94,668 Reverse repurchase agreements (12) 344,810 + 13,511 + 108,121 Deposits (0) 2,729,149 - 27,570 - 202,154 Term deposits held by depository institutions 0 0 - 171,860 Other deposits held by depository institutions 2,668,187 - 7,401 + 40,914 U.S. Treasury, General Account 35,586 - 21,500 - 83,074 Foreign official 5,273 + 15 + 20 Other (13) (0) 20,102 + 1,316 + 11,845 Deferred availability cash items (0) 571 + 205 - 47 Other liabilities and accrued dividends (14) 6,474 - 906 - 144 Total liabilities (0) 4,430,742 - 12,032 + 445 Capital accounts Capital paid in 29,298 - 1 + 1,070 Surplus 29,298 - 1 + 1,070 Other capital accounts 0 0 0 Total capital 58,597 - 1 + 2,140 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, October 28, 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 1,884 49 68 131 129 302 195 272 29 41 152 195 321 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,415,767 111,933 2,650,738 109,823 106,162 239,827 248,680 164,062 46,061 26,960 57,371 142,247 511,903 Securities held outright (1) 4,240,037 107,483 2,545,345 105,457 101,941 230,292 238,765 157,536 44,217 25,786 55,080 136,585 491,550 U.S. Treasury securities 2,461,800 62,405 1,477,848 61,229 59,188 133,709 138,629 91,467 25,673 14,972 31,980 79,303 285,398 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,461,800 62,405 1,477,848 61,229 59,188 133,709 138,629 91,467 25,673 14,972 31,980 79,303 285,398 Federal agency debt securities (2) 34,146 866 20,498 849 821 1,855 1,923 1,269 356 208 444 1,100 3,959 Mortgage-backed securities (4) 1,744,091 44,212 1,046,999 43,378 41,932 94,728 98,213 64,801 18,188 10,607 22,657 56,183 202,193 Unamortized premiums on securities held outright (5) 192,433 4,878 115,520 4,786 4,627 10,452 10,836 7,150 2,007 1,170 2,500 6,199 22,309 Unamortized discounts on securities held outright (5) -16,871 -428 -10,128 -420 -406 -916 -950 -627 -176 -103 -219 -543 -1,956 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 167 0 0 0 0 0 29 3 13 106 10 6 0 Net portfolio holdings of Maiden Lane LLC (7) 1,716 0 1,716 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 459 0 0 0 0 0 458 0 0 0 0 0 0 Bank premises 2,236 126 439 74 106 213 208 205 118 93 238 221 196 Central bank liquidity swaps (9) 140 6 45 8 11 32 8 4 1 1 1 2 21 Foreign currency denominated assets (10) 19,839 899 6,396 1,108 1,546 4,552 1,129 533 185 83 209 286 2,913 Other assets (11) 31,062 828 18,152 782 757 1,839 1,758 1,165 397 217 448 1,114 3,607 Interdistrict settlement account 0 - 7,961 - 139,308 + 5,595 + 23,037 + 45,349 - 123 + 19,010 + 12,123 + 5,313 + 2,146 + 10,252 + 24,567 Total assets 4,489,339 106,423 2,543,773 118,072 132,490 293,308 254,566 186,408 59,364 32,969 61,005 155,489 545,471 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, October 28, 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 1,535,449 48,912 500,666 49,993 83,691 107,501 216,590 104,465 52,294 27,058 41,137 117,634 185,509 Less: Notes held by F.R. Banks 185,711 6,132 61,069 6,851 9,871 12,874 23,477 11,313 4,884 3,147 4,841 14,307 26,943 Federal Reserve notes, net 1,349,738 42,780 439,597 43,141 73,820 94,627 193,113 93,152 47,409 23,911 36,296 103,327 158,566 Reverse repurchase agreements (12) 344,810 8,741 206,994 8,576 8,290 18,728 19,417 12,811 3,596 2,097 4,479 11,107 39,974 Deposits 2,729,149 52,094 1,874,770 62,888 45,643 166,185 38,074 78,550 7,638 6,220 19,474 39,947 337,666 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 2,668,187 52,063 1,822,480 62,886 45,640 165,912 38,065 70,252 7,597 6,220 19,472 39,943 337,657 U.S. Treasury, General Account 35,586 0 35,586 0 0 0 0 0 0 0 0 0 0 Foreign official 5,273 2 5,246 2 3 9 2 1 0 0 0 1 6 Other (13) 20,102 29 11,458 0 0 264 7 8,297 40 0 1 4 2 Deferred availability cash items 571 0 0 0 0 0 229 0 0 343 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (14) 1,444 27 985 23 13 15 87 49 12 9 18 54 153 Other liabilities and accrued dividends 5,029 178 2,215 211 231 599 349 268 122 138 127 187 405 Total liabilities 4,430,742 103,819 2,524,560 114,839 127,997 280,154 251,268 184,830 58,777 32,718 60,394 154,622 536,764 Capital Capital paid in 29,298 1,302 9,606 1,617 2,246 6,577 1,649 789 294 126 305 433 4,353 Surplus 29,298 1,302 9,606 1,617 2,246 6,577 1,649 789 294 126 305 433 4,353 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,489,339 106,423 2,543,773 118,072 132,490 293,308 254,566 186,408 59,364 32,969 61,005 155,489 545,471 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, October 28, 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 Oct 28, 2015 Federal Reserve notes outstanding 1,535,449 Less: Notes held by F.R. Banks not subject to collateralization 185,711 Federal Reserve notes to be collateralized 1,349,738 Collateral held against Federal Reserve notes 1,349,738 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,333,502 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,240,037 Less: Face value of securities under reverse repurchase agreements 325,798 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,914,240 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.