FRB: H.4.1 Release--Factors Affecting Reserve Balances-- October 22, 2020

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks October 22, 2020

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 21, 2020
Federal Reserve Banks Oct 21, 2020 Oct 14, 2020 Oct 23, 2019

Reserve Bank credit 7,110,865 + 65,494 +3,177,663 7,137,392
Securities held outright (1) 6,533,450 + 62,376 +2,933,060 6,559,360
U.S. Treasury securities 4,495,604 + 18,846 +2,358,675 4,509,778
Bills (2) 326,044 0 + 308,255 326,044
Notes and bonds, nominal (2) 3,833,695 + 14,611 +1,860,070 3,847,392
Notes and bonds, inflation-indexed (2) 294,418 + 3,602 + 173,425 294,761
Inflation compensation (3) 41,447 + 633 + 16,925 41,581
Federal agency debt securities (2) 2,347 0 0 2,347
Mortgage-backed securities (4) 2,035,499 + 43,530 + 574,385 2,047,235
Unamortized premiums on securities held outright (5) 337,728 + 2,751 + 210,334 338,824
Unamortized discounts on securities held outright (5) -4,623 + 12 + 7,963 -4,608
Repurchase agreements (6) 1,000 0 - 189,580 1,000
Foreign official 1,000 0 + 1,000 1,000
Others 0 0 - 190,580 0
Loans 74,150 - 608 + 74,095 73,212
Primary credit 2,804 + 185 + 2,803 3,146
Secondary credit 0 0 0 0
Seasonal credit 9 - 17 - 44 7
Primary Dealer Credit Facility 193 0 + 193 193
Money Market Mutual Fund Liquidity Facility 6,019 - 118 + 6,019 5,740
Paycheck Protection Program Liquidity Facility 65,125 - 658 + 65,125 64,126
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper Funding
Facility II LLC (7) 8,559 - 22 + 8,559 8,559
Net portfolio holdings of Corporate Credit Facilities
LLC (7) 45,354 + 133 + 45,354 45,378
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (7) 40,720 + 437 + 40,720 40,893
Net portfolio holdings of Municipal Liquidity
Facility LLC (7) 16,549 + 1 + 16,549 16,550
Net portfolio holdings of TALF II LLC (7) 11,755 + 39 + 11,755 11,762
Float -219 + 27 - 118 -319
Central bank liquidity swaps (8) 7,451 - 681 + 7,408 7,642
Other Federal Reserve assets (9) 38,990 + 1,028 + 11,562 39,140
Foreign currency denominated assets (10) 21,601 - 20 + 891 21,780
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,453 + 14 + 440 50,453

Total factors supplying reserve funds 7,199,160 + 65,488 +3,178,993 7,225,867

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 21, 2020
Federal Reserve Banks Oct 21, 2020 Oct 14, 2020 Oct 23, 2019

Currency in circulation (11) 2,042,094 + 1,002 + 270,561 2,042,729
Reverse repurchase agreements (12) 189,336 - 804 - 121,670 187,435
Foreign official and international accounts 189,333 - 777 - 104,666 187,435
Others 3 - 27 - 17,004 0
Treasury cash holdings 39 + 12 - 161 43
Deposits with F.R. Banks, other than reserve balances 1,942,811 + 68,635 +1,500,009 1,941,585
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 1,724,792 + 43,794 +1,346,807 1,699,497
Foreign official 20,034 + 1,132 + 14,847 21,247
Other (13) 197,985 + 23,708 + 138,355 220,841
Treasury contributions to credit facilities (14) 114,000 0 + 114,000 114,000
Other liabilities and capital (15) 50,401 - 1,907 + 4,818 49,945

Total factors, other than reserve balances,
absorbing reserve funds 4,338,680 + 66,937 +1,767,557 4,335,737

Reserve balances with Federal Reserve Banks 2,860,480 - 1,449 +1,411,437 2,890,130

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 securities, Federal agency debt
securities, and mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements.
7. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury
contributions to the facility. Refer to note on consolidation below.
8. 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.
9. Includes bank premises, accrued interest, and other accounts receivable. Also includes net
portfolio holdings of Maiden Lane LLC.
10. Revalued daily at current foreign currency exchange rates.
11. Estimated.
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, designated financial market utilities, and deposits held by depository
institutions in joint accounts in connection with their participation in certain private-sector payment
arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account,
for services provided by the Reserve Banks as fiscal agents of the United States.
14. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10
billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, Municipal
Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 billion, and credit protection in the
Money Market Mutual Fund Liquidity Facility of $1.5 billion.
15. Includes the liability for earnings remittances due to the 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 21, 2020
Oct 21, 2020 Oct 14, 2020 Oct 23, 2019

Securities held in custody for foreign official and
international accounts 3,402,789 - 7,711 - 16,719 3,396,459
Marketable U.S. Treasury securities (1) 2,970,804 - 7,947 - 1,859 2,954,125
Federal agency debt and mortgage-backed securities (2) 346,426 + 736 - 17,781 356,847
Other securities (3) 85,559 - 500 + 2,921 85,487
Securities lent to dealers 21,598 - 6,735 - 921 25,288
Overnight facility (4) 21,598 - 6,735 - 921 25,288
U.S. Treasury securities 21,598 - 6,735 - 921 25,288
Federal agency debt securities 0 0 0 0

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 21, 2020
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 (1) 1,872 5,291 1,924 64,126 0 ... 73,212
U.S. Treasury securities (2)
Holdings 79,660 264,999 656,206 1,701,341 805,291 1,002,280 4,509,778
Weekly changes + 29,767 - 19,510 + 206 + 3,828 + 7,354 + 3,154 + 24,800
Federal agency debt securities (3)
Holdings 0 0 0 0 1,436 911 2,347
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 5 2,135 77,612 1,967,483 2,047,235
Weekly changes 0 0 0 - 5 - 640 + 1,042 + 396
Commercial paper held by Commercial
Paper Funding Facility II LLC (5) 0 0 0 ... ... ... 0
Loan participations held by MS
Facilities LLC (Main Street Lending
Program) (6) 0 0 0 3,358 ... ... 3,358
Municipal notes held by Municipal
Liquidity Facility LLC (7) 0 0 1,200 451 ... ... 1,651
Loans held by TALF II LLC (8) 0 0 0 3,159 ... ... 3,159
Repurchase agreements (9) 1,000 0 ... ... ... ... 1,000
Central bank liquidity swaps (10) 1,959 5,684 0 0 0 0 7,642
Reverse repurchase agreements (9) 187,435 0 ... ... ... ... 187,435
Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.
...Not applicable.

1. Loans includes primary, secondary, and seasonal loans and credit extended through the Primary
Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity
Facility, and other credit extensions. Loans exclude the loans from the Federal Reserve Bank of New
York (FRBNY) to Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC, Municipal
Liquidity Facility LLC, and TALF II LLC, and from the Federal Reserve Bank of Boston (FRBB) to MS
Facilities LLC, which were eliminated when preparing the FRBNY's and FRBB's statement of condition,
respectively, consistent with consolidation under generally accepted accounting principles.
2. 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.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Book value of commercial paper held by Commercial Paper Funding Facility II LLC.
6. Book value of the loan participations held by the MS Facilities LLC.
7. Book value of the municipal notes held by the Municipal Liquidity Facility LLC.
8. Book value of the loans held by the TALF II LLC.
9. Cash value of agreements.
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.

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Oct 21, 2020

Mortgage-backed securities held outright (1) 2,047,235
Residential mortgage-backed securities 2,037,696
Commercial mortgage-backed securities 9,539

Commitments to buy mortgage-backed securities (2) 116,029
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 0

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. Includes residential and commercial mortgage-backed securities. Residential
mortgage-backed securities generally settle within 180 calendar days and include commitments associated
with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities
generally settle within three business days.
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 Credit Facilities LLCs
Millions of dollars
Credit Facilities LLCs: Wednesday Oct 21, 2020
Net portfolio holdings of
Credit Facilities LLCs
Outstanding
principal Outstanding
amount amount of Treasury
of loan facility contributions
extended to asset and
the LLC (1) purchases (2)other assets (3) Total

Commercial Paper Funding Facility II LLC 0 0 8,559 8,559
Corporate Credit Facilities LLC 13,176 13,309 32,070 45,378
MS Facilities LLC (Main Street Lending Program) 3,357 3,358 37,535 40,893
Municipal Liquidity Facility LLC 1,651 1,651 14,899 16,550
TALF II LLC 3,252 3,159 8,603 11,762

Note: Components may not sum to totals because of rounding.

1. Book value. This amount was eliminated when preparing the Federal Reserve Banks' statement of
condition consistent with consolidation under generally accepted accounting principles. Refer to the note
on consolidation accompanying table 6. Loans are extended from the Federal Reserve Bank to the LLC
upon settlement of the investment activity.
2. Outstanding amount of facility asset purchases:
a. For the Commercial Paper Funding Facility II LLC includes commercial paper at book value.
b. For the Corporate Credit Facilities LLC includes exchange traded-funds at fair value and
corporate bonds at book value. Asset balances
from trading activity are reported on a one-day lag after the transaction date.
c. For the MS Facilities LLC (Main Street Lending Program) includes loan participations at face
value.
d. For the Municipal Liquidity Facility LLC includes municipal notes at book value. Asset balances
from trading activity may be reported on
a one-day lag after the transaction date.
e. For the TALF II LLC includes loans to holders of eligible asset-backed securities at book value.
3. Includes short term receivables, interest and dividend receivables, and other assets of the
facility. Also includes the portion of the Treasury contribution to the credit facilities, which is held as
investments in nonmarketable Treasury securities and the residual portion which is held as cash and
cash equivalents at the FRBNY. The amount of cash and cash equivalents held at the FRBNY are
eliminated in consolidation and, as result, are excluded from net portfolio holdings in Tables 1, 5, and 6.
Amounts excluded are initially 15% of Treasury contributions to the credit facilities from the
following consolidated LLCs: Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC,
Municipal Liquidity Facility LLC, and TALF II LLC. Refer to the note on consolidation accompanying table
6.

5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Oct 21, 2020 Wednesday Wednesday
consolidation Oct 14, 2020 Oct 23, 2019

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,482 - 1 - 198
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 6,967,787 + 24,982 +3,065,523
Securities held outright (1) 6,559,360 + 25,196 +2,949,911
U.S. Treasury securities 4,509,778 + 24,800 +2,360,590
Bills (2) 326,044 0 + 297,539
Notes and bonds, nominal (2) 3,847,392 + 20,536 +1,872,223
Notes and bonds, inflation-indexed (2) 294,761 + 3,602 + 173,768
Inflation compensation (3) 41,581 + 662 + 17,060
Federal agency debt securities (2) 2,347 0 0
Mortgage-backed securities (4) 2,047,235 + 396 + 589,321
Unamortized premiums on securities held outright
(5) 338,824 + 1,256 + 211,635
Unamortized discounts on securities held outright
(5) -4,608 - 11 + 8,025
Repurchase agreements (6) 1,000 0 - 177,204
Loans (7) 73,212 - 1,458 + 73,158
Net portfolio holdings of Commercial Paper
Funding Facility II LLC (8) 8,559 0 + 8,559
Net portfolio holdings of Corporate Credit
Facilities LLC (8) 45,378 + 78 + 45,378
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (8) 40,893 + 346 + 40,893
Net portfolio holdings of Municipal Liquidity
Facility LLC (8) 16,550 + 1 + 16,550
Net portfolio holdings of TALF II LLC (8) 11,762 + 46 + 11,762
Items in process of collection (0) 54 - 47 + 4
Bank premises 2,196 + 2 + 5
Central bank liquidity swaps (9) 7,642 + 164 + 7,599
Foreign currency denominated assets (10) 21,780 + 166 + 1,107
Other assets (11) 36,944 + 101 + 11,382

Total assets (0) 7,177,265 + 25,839 +3,208,565

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 21, 2020 Wednesday Wednesday
consolidation Oct 14, 2020 Oct 23, 2019

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,993,797 - 55 + 268,777
Reverse repurchase agreements (12) 187,435 - 8,393 - 118,612
Deposits (0) 4,831,715 + 40,274 +2,939,397
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,890,130 - 17,604 +1,438,575
U.S. Treasury, General Account 1,699,497 + 51,560 +1,324,327
Foreign official 21,247 + 2,345 + 16,061
Other (13) (0) 220,841 + 3,973 + 160,434
Deferred availability cash items (0) 373 - 230 + 196
Treasury contributions to credit facilities (14) 114,000 0 + 114,000
Other liabilities and accrued dividends (15) 10,722 - 5,757 + 4,929

Total liabilities (0) 7,138,042 + 25,838 +3,208,686

Capital accounts
Capital paid in 32,398 + 1 - 121
Surplus 6,825 0 0
Other capital accounts 0 0 0

Total capital 39,223 + 1 - 121

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 securities, Federal agency debt
securities, and 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. Loans includes primary, secondary, and seasonal loans and credit extended through the Primary
Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity
Facility, and other credit extensions.
8. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury
contributions to the facility. Refer to 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. Also includes net portfolio holdings of Maiden Lane LLC.
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, designated financial market utilities, and deposits held by depository
institutions in joint accounts in connection with their participation in certain private-sector payment
arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account,
for services provided by the Reserve Banks as fiscal agents of the United States.
14. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10
billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, Municipal
Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 billion, and credit protection in the
Money Market Mutual Fund Liquidity Facility of $1.5 billion.
15. Includes the liability for earnings remittances due to the U.S. Treasury.

6. Statement of Condition of Each Federal Reserve Bank, October 21, 2020
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 certificates and special drawing
rights certificates 16,237 533 5,483 529 761 1,165 2,183 1,137 479 270 450 1,202 2,045
Coin 1,482 26 32 124 81 206 148 249 28 40 100 170 278
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans (1) 6,967,787 162,477 3,581,958 163,844 217,985 435,952 511,751 388,744 110,764 72,244 115,621 335,194 871,252
Net portfolio holdings of Commercial
Paper Funding Facility II LLC (2) 8,559 0 8,559 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Corporate
Credit Facilities LLC (2) 45,378 0 45,378 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of MS
Facilities LLC (Main Street Lending
Program) (2) 40,893 40,893 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Municipal
Liquidity Facility LLC (2) 16,550 0 16,550 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF II LLC (2) 11,762 0 11,762 0 0 0 0 0 0 0 0 0 0
Central bank liquidity swaps (3) 7,642 363 2,568 275 653 1,613 379 297 125 60 81 91 1,138
Foreign currency denominated
assets (4) 21,780 1,034 7,322 784 1,861 4,596 1,080 846 357 171 230 259 3,242
Other assets (5) 39,193 2,480 17,551 960 1,285 2,722 2,952 2,216 765 494 920 2,090 4,759
Interdistrict settlement account 0 - 43,514 + 414,078 - 26,035 + 44,000 + 68,648 - 121,742 - 21,955 - 25,806 - 16,036 - 25,838 - 54,852 - 190,949

Total assets 7,177,265 164,292 4,111,241 140,480 266,626 514,903 396,751 371,534 86,713 57,241 91,564 284,154 691,764

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 21, 2020 (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, net 1,993,797 62,029 665,649 55,835 93,862 134,220 279,885 128,627 59,148 33,045 54,853 167,773 258,871
Reverse repurchase agreements (6) 187,435 4,209 97,046 4,276 5,864 11,747 13,813 10,469 2,961 1,771 2,981 9,033 23,263
Deposits 4,831,715 56,731 3,255,867 78,626 163,104 359,801 100,393 230,229 23,616 21,548 33,016 106,142 402,642
Depository institutions 2,890,130 56,715 1,429,705 78,625 163,067 358,846 100,285 117,958 23,610 21,486 32,985 104,252 402,596
U.S. Treasury, General Account 1,699,497 0 1,699,497 0 0 0 0 0 0 0 0 0 0
Foreign official 21,247 2 21,221 1 3 8 2 2 1 0 0 0 6
Other (7) 220,841 14 105,445 0 34 947 105 112,269 5 61 30 1,890 40
Earnings remittances due to the U.S.
Treasury (8) 1,587 35 826 35 55 113 114 85 22 11 20 70 202
Treasury contributions to credit
facilities (9) 114,000 39,000 75,000 0 0 0 0 0 0 0 0 0 0
Other liabilities and accrued
dividends 9,508 457 3,681 299 360 842 750 592 237 538 274 473 1,005

Total liabilities 7,138,042 162,460 4,098,070 139,072 263,246 506,724 394,955 370,001 85,984 56,913 91,143 283,490 685,983

Capital
Capital paid in 32,398 1,508 10,878 1,162 2,797 6,738 1,458 1,268 616 275 349 583 4,765
Surplus 6,825 324 2,294 246 583 1,441 338 265 112 53 72 81 1,016
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 7,177,265 164,292 4,111,241 140,480 266,626 514,903 396,751 371,534 86,713 57,241 91,564 284,154 691,764

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 21, 2020 (continued)

1. Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight
securities lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between the
purchase price and the face value of the securities that have not been amortized. For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, amortization is on an
effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Loans includes primary, secondary, and
seasonal loans and credit extended through the Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity Facility, and other credit
extensions.
2. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.
3. 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.
4. Revalued daily at current foreign currency exchange rates.
5. Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. Also includes Net portfolio
holdings of Maiden Lane LLC; refer to the note on consolidation for additional information.
6. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
7. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by
depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
Account, for services provided by the Reserve Banks as fiscal agents of the United States.
8. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after
providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.
9. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10 billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, and
Municipal Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 billion, and credit protection in the Money Market Mutual Fund Liquidity Facility of $1.5 billion.

Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies under the authority of section 13(3) of the Federal
Reserve Act. On April 14, 2020, FRBNY began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC), a limited liability company formed to purchase three-month U.S
dollar-denominated commercial paper by eligible issuers. The assets of the CPFF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On
May 12, 2020, FRBNY began extending loans to the Corporate Credit Facilities LLC (CCF LLC), a limited liability company formed to purchase eligible bonds or portions of syndicated loans or bonds at
issuance through the Primary Market Corporate Credit Facility and to purchase eligible individual corporate bonds and exchange-traded funds through the Secondary Market Corporate Credit Facility.
The assets of the CCF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 5, 2020, FRBNY began extending loans to the
Municipal Liquidity Facility LLC (MLF LLC), a limited liability company formed to purchase municipal notes from eligible issuers. The assets of the MLF LLC and the amount provided by U.S. Treasury
as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 25, 2020, FRBNY began extending loans to the TALF II LLC, a special purpose vehicle that was formed to help
support the flow of credit to consumers and businesses. The assets of the TALF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the
FRBNY. On July 15, 2020, the FRBB began extending loans to the MS Facilities LLC (Main Street Lending Program), a special purpose vehicle that was formed to help ensure credit flows to small and
medium-sized businesses and to eligible nonprofits. The assets of the MS Facilities LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are used to secure the loan from the
FRBB.
The FRBNY is the managing member of CPFF II LLC, CCF LLC, MLF LLC, and TALF II LLC. The FRBB is the managing member of MS Facilities LLC (Main Street Lending Program). Consistent with generally
accepted accounting principles, the assets and liabilities of each LLC have been accounted for and consolidated with the assets and liabilities of the FRBNY or FRBB, in the preparation of the
statements of condition shown on this release. As a consequence of the consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any balances held at the FRBNY for LLCs consolidated
to FRBNY or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appears as assets on table 6 (and in table 1 and
table 5), and the liabilities of the LLC to entities other than the FRBNY or FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this
table (and table 1 and table 5). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on table 6 (and in 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 21, 2020

Federal Reserve notes outstanding 2,143,901
Less: Notes held by F.R. Banks not subject to collateralization 150,104
Federal Reserve notes to be collateralized 1,993,797
Collateral held against Federal Reserve notes 1,993,797
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,977,560
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 6,560,360
Less: Face value of securities under reverse repurchase agreements 178,332
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,382,028

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