FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 5, 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 Nov 4, 2015 Federal Reserve Banks Nov 4, 2015 Oct 28, 2015 Nov 5, 2014 Reserve Bank credit 4,451,741 - 6,568 + 6,625 4,451,649 Securities held outright (1) 4,240,018 - 6,455 + 20,850 4,240,008 U.S. Treasury securities 2,461,778 - 35 + 205 2,461,760 Bills (2) 0 0 0 0 Notes and bonds, nominal (2) 2,346,639 0 - 74 2,346,639 Notes and bonds, inflation-indexed (2) 98,534 0 + 65 98,534 Inflation compensation (3) 16,604 - 36 + 213 16,587 Federal agency debt securities (2) 34,146 0 - 5,554 34,146 Mortgage-backed securities (4) 1,744,095 - 6,418 + 26,201 1,744,102 Unamortized premiums on securities held outright (5) 192,222 - 543 - 16,730 192,064 Unamortized discounts on securities held outright (5) -16,853 + 31 + 1,825 -16,839 Repurchase agreements (6) 0 0 0 0 Loans 147 - 32 - 11 132 Primary credit 6 + 4 - 2 11 Secondary credit 0 0 0 0 Seasonal credit 141 - 36 - 9 121 Term Asset-Backed Securities Loan Facility (7) 0 0 0 0 Other credit extensions 0 0 0 0 Net portfolio holdings of Maiden Lane LLC (8) 1,713 + 7 + 34 1,713 Net portfolio holdings of TALF LLC (9) 0 0 - 24 0 Float 308 + 89 + 907 77 Central bank liquidity swaps (10) 143 + 3 + 142 143 Other Federal Reserve assets (11) 34,042 + 331 - 369 34,352 Foreign currency denominated assets (12) 19,747 - 58 - 2,252 19,555 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding (13) 47,397 + 14 + 1,154 47,397 Total factors supplying reserve funds 4,535,126 - 6,613 + 5,527 4,534,843 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 Nov 4, 2015 Federal Reserve Banks Nov 4, 2015 Oct 28, 2015 Nov 5, 2014 Currency in circulation (13) 1,396,921 + 4,393 + 94,705 1,401,127 Reverse repurchase agreements (14) 372,185 + 46,232 + 112,746 308,284 Foreign official and international accounts 199,888 + 12,601 + 93,517 200,878 Others 172,297 + 33,632 + 19,229 107,406 Treasury cash holdings 238 + 12 + 36 238 Deposits with F.R. Banks, other than reserve balances 57,768 - 41,727 - 286,010 70,292 Term deposits held by depository institutions 0 0 - 219,144 0 U.S. Treasury, General Account 29,795 - 17,305 - 81,587 44,215 Foreign official 5,270 + 9 + 17 5,281 Other (15) 22,703 - 24,431 + 14,704 20,796 Other liabilities and capital (16) 65,447 - 330 + 2,545 65,051 Total factors, other than reserve balances, absorbing reserve funds 1,892,560 + 8,582 - 75,977 1,844,992 Reserve balances with Federal Reserve Banks 2,642,566 - 15,196 + 81,504 2,689,851 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 Nov 4, 2015 Nov 4, 2015 Oct 28, 2015 Nov 5, 2014 Securities held in custody for foreign official and international accounts 3,283,763 - 8,596 - 19,094 3,284,048 Marketable U.S. Treasury securities (1) 2,962,408 - 7,906 - 13,793 2,962,589 Federal agency debt and mortgage-backed securities (2) 275,313 - 778 - 9,579 275,388 Other securities (3) 46,042 + 88 + 4,277 46,071 Securities lent to dealers 16,210 - 227 + 6,657 15,431 Overnight facility (4) 16,210 - 227 + 6,657 15,431 U.S. Treasury securities 16,159 - 217 + 7,296 15,376 Federal agency debt securities 51 - 10 - 639 55 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, November 4, 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 40 92 0 0 0 ... 132 U.S. Treasury securities (1) Holdings 326 1,912 178,399 1,130,239 512,967 637,917 2,461,760 Weekly changes + 326 + 1,585 + 4,616 - 5,470 - 1,070 - 26 - 40 Federal agency debt securities (2) Holdings 1,202 1,626 12,825 16,146 0 2,347 34,146 Weekly changes + 1,202 - 1,202 0 0 0 0 0 Mortgage-backed securities (3) Holdings 0 0 0 394 9,277 1,734,431 1,744,102 Weekly changes 0 0 0 + 125 - 97 - 17 + 11 Repurchase agreements (4) 0 0 ... ... ... ... 0 Central bank liquidity swaps (5) 143 0 0 0 0 0 143 Reverse repurchase agreements (4) 308,284 0 ... ... ... ... 308,284 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 Nov 4, 2015 Mortgage-backed securities held outright (1) 1,744,102 Commitments to buy mortgage-backed securities (2) 28,934 Commitments to sell mortgage-backed securities (2) 0 Cash and cash equivalents (3) 21 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 Nov 4, 2015 Net portfolio holdings of Maiden Lane LLC (1) 1,713 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 Nov 4, 2015 Wednesday Wednesday consolidation Oct 28, 2015 Nov 5, 2014 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,886 + 2 + 3 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,415,364 - 403 + 5,934 Securities held outright (1) 4,240,008 - 29 + 20,831 U.S. Treasury securities 2,461,760 - 40 + 179 Bills (2) 0 0 0 Notes and bonds, nominal (2) 2,346,639 0 - 74 Notes and bonds, inflation-indexed (2) 98,534 0 + 65 Inflation compensation (3) 16,587 - 39 + 187 Federal agency debt securities (2) 34,146 0 - 5,554 Mortgage-backed securities (4) 1,744,102 + 11 + 26,206 Unamortized premiums on securities held outright (5) 192,064 - 369 - 16,706 Unamortized discounts on securities held outright (5) -16,839 + 32 + 1,823 Repurchase agreements (6) 0 0 0 Loans 132 - 35 - 13 Net portfolio holdings of Maiden Lane LLC (7) 1,713 - 3 + 34 Net portfolio holdings of TALF LLC (8) 0 0 - 24 Items in process of collection (0) 452 - 7 + 377 Bank premises 2,231 - 5 - 29 Central bank liquidity swaps (9) 143 + 3 + 142 Foreign currency denominated assets (10) 19,555 - 284 - 2,200 Other assets (11) 32,121 + 1,059 - 1,121 Total assets (0) 4,489,702 + 363 + 3,117 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 Nov 4, 2015 Wednesday Wednesday consolidation Oct 28, 2015 Nov 5, 2014 Liabilities Federal Reserve notes, net of F.R. Bank holdings 1,355,849 + 6,111 + 92,863 Reverse repurchase agreements (12) 308,284 - 36,526 + 83,689 Deposits (0) 2,760,143 + 30,994 - 175,718 Term deposits held by depository institutions 0 0 - 219,144 Other deposits held by depository institutions 2,689,851 + 21,664 + 89,633 U.S. Treasury, General Account 44,215 + 8,629 - 59,989 Foreign official 5,281 + 8 + 33 Other (13) (0) 20,796 + 694 + 13,749 Deferred availability cash items (0) 375 - 196 - 408 Other liabilities and accrued dividends (14) 6,423 - 51 + 543 Total liabilities (0) 4,431,075 + 333 + 971 Capital accounts Capital paid in 29,314 + 16 + 1,074 Surplus 29,314 + 16 + 1,074 Other capital accounts 0 0 0 Total capital 58,627 + 30 + 2,146 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, November 4, 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 1,886 48 71 130 128 300 194 273 31 42 152 193 325 Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,415,364 111,924 2,650,517 109,814 106,153 239,807 248,656 164,058 46,053 26,924 57,364 142,234 511,860 Securities held outright (1) 4,240,008 107,482 2,545,328 105,456 101,940 230,290 238,764 157,535 44,217 25,786 55,080 136,585 491,546 U.S. Treasury securities 2,461,760 62,404 1,477,824 61,228 59,187 133,707 138,627 91,465 25,672 14,971 31,980 79,301 285,393 Bills (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes and bonds (3) 2,461,760 62,404 1,477,824 61,228 59,187 133,707 138,627 91,465 25,672 14,971 31,980 79,301 285,393 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) 1,744,102 44,212 1,047,006 43,379 41,932 94,728 98,214 64,801 18,188 10,607 22,657 56,183 202,195 Unamortized premiums on securities held outright (5) 192,064 4,869 115,298 4,777 4,618 10,432 10,816 7,136 2,003 1,168 2,495 6,187 22,266 Unamortized discounts on securities held outright (5) -16,839 -427 -10,109 -419 -405 -915 -948 -626 -176 -102 -219 -542 -1,952 Repurchase agreements (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 132 0 0 0 0 0 26 12 9 72 8 5 0 Net portfolio holdings of Maiden Lane LLC (7) 1,713 0 1,713 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 452 0 0 0 0 0 451 0 0 1 0 0 0 Bank premises 2,231 125 438 74 106 213 207 204 118 92 238 220 196 Central bank liquidity swaps (9) 143 6 46 8 11 33 8 4 1 1 2 2 21 Foreign currency denominated assets (10) 19,555 886 6,306 1,092 1,524 4,487 1,112 525 182 82 206 282 2,871 Other assets (11) 32,121 855 18,806 809 786 1,907 1,830 1,211 423 223 464 1,069 3,738 Interdistrict settlement account 0 - 10,305 - 193,976 + 7,403 + 28,641 + 57,751 + 3,083 + 23,023 + 13,316 + 6,206 + 6,027 + 16,696 + 42,136 Total assets 4,489,702 104,083 2,489,447 119,880 138,091 305,692 257,796 190,456 60,575 33,832 64,893 161,868 563,090 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, November 4, 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 1,537,567 48,874 500,272 49,938 83,704 107,574 217,298 104,332 52,233 27,100 41,192 117,755 187,294 Less: Notes held by F.R. Banks 181,717 5,882 62,580 6,438 9,438 12,238 23,155 10,643 4,674 3,010 4,607 13,636 25,416 Federal Reserve notes, net 1,355,849 42,991 437,692 43,500 74,267 95,335 194,144 93,689 47,559 24,090 36,585 104,119 161,877 Reverse repurchase agreements (12) 308,284 7,815 185,067 7,668 7,412 16,744 17,360 11,454 3,215 1,875 4,005 9,931 35,740 Deposits 2,760,143 50,478 1,844,227 65,254 51,674 179,862 42,291 83,421 9,068 7,363 23,551 46,718 356,234 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 2,689,851 50,469 1,782,470 65,252 51,671 179,607 42,281 75,218 9,030 7,363 23,550 46,713 356,226 U.S. Treasury, General Account 44,215 0 44,215 0 0 0 0 0 0 0 0 0 0 Foreign official 5,281 2 5,254 2 3 9 2 1 0 0 0 1 6 Other (13) 20,796 8 12,288 0 0 246 7 8,202 38 0 1 4 2 Deferred availability cash items 375 0 0 0 0 0 264 0 0 111 0 0 0 Interest on Federal Reserve notes due to U.S. Treasury (14) 1,642 35 1,077 28 22 31 99 72 17 4 20 58 181 Other liabilities and accrued dividends 4,781 157 2,167 197 222 565 319 241 129 137 122 174 350 Total liabilities 4,431,075 101,476 2,470,231 116,646 133,598 292,538 254,477 188,878 59,987 33,580 64,283 161,000 554,382 Capital Capital paid in 29,314 1,303 9,608 1,617 2,246 6,577 1,660 789 294 126 305 434 4,354 Surplus 29,314 1,303 9,608 1,617 2,246 6,577 1,660 789 294 126 305 434 4,354 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 4,489,702 104,083 2,489,447 119,880 138,091 305,692 257,796 190,456 60,575 33,832 64,893 161,868 563,090 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, November 4, 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 Nov 4, 2015 Federal Reserve notes outstanding 1,537,567 Less: Notes held by F.R. Banks not subject to collateralization 181,717 Federal Reserve notes to be collateralized 1,355,849 Collateral held against Federal Reserve notes 1,355,849 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,339,613 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 4,240,008 Less: Face value of securities under reverse repurchase agreements 298,515 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,941,493 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.