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FEDERAL RESERVE statistical release
For Release at
4:30 P.M. Eastern time
June 4, 2020
The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks," has been modified to include information related to Main Street
Lending Program (MSLP). Under the MSLP, the Federal Reserve Bank of Boston (FRBB) is operating three
facilities: Main Street New Loan Facility, Main Street Priority Loan Facility, and Main Street Expanded Loan Facility.
These facilities operate through the MS Facilities LLC (MSF LLC), a special purpose vehicle that was formed to
help ensure credit flows to small and medium-sized businesses.
On April 30, 2020, the Federal Reserve announced the MSLP. On June 1, 2020, the Federal Reserve Bank of New
York (FRBNY) received Treasury's equity contribution for the MSLP program on behalf of the FRBB.
Consistent with generally accepted accounting principles, the assets and liabilities of MSF LLC have been
consolidated with the assets and liabilities of the FRBB in the preparation of the statements of condition shown
on the release because the FRBB is the managing member of MSF LLC. The net portfolio holdings of MSF LLC
appear as an asset in the statement of condition of the FRBB (table 5), the consolidated statement of condition of
all Federal Reserve Banks (table 4), and factors affecting reserve balances of depository institutions (table
1). The amount provided by the U.S. Treasury as credit protection for the MSF LLC is included in "Treasury
contributions to credit facilities" in tables 1, 4, and 5.
On May 29, 2020, pursuant to the Municipal Liquidity Facility LLC (MLF LLC) agreements, 85% of the
Treasury's equity contributions were invested in nonmarketable Treasury securities and reported in "Net portfolio
holdings of Municipal Liquidity Facility LLC" in tables 1, 4, and 5. As of June 3, 2020, the MLF LLC executed its
first transaction. Upon settlement, FRBNY will extend a loan.
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks June 4, 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 Jun 3, 2020
Federal Reserve Banks Jun 3, 2020 May 27, 2020 Jun 5, 2019
Reserve Bank credit 7,101,184 + 41,623 +3,293,027 7,126,020
Securities held outright (1) 5,960,109 + 1,384 +2,291,923 5,972,297
U.S. Treasury securities 4,122,441 + 21,333 +2,012,008 4,134,356
Bills (2) 326,044 0 + 325,994 326,044
Notes and bonds, nominal (2) 3,501,424 + 19,743 +1,530,255 3,512,424
Notes and bonds, inflation-indexed (2) 258,194 + 1,600 + 141,843 259,151
Inflation compensation (3) 36,779 - 10 + 13,916 36,737
Federal agency debt securities (2) 2,347 0 0 2,347
Mortgage-backed securities (4) 1,835,322 - 19,948 + 279,917 1,835,594
Unamortized premiums on securities held outright (5) 305,015 + 406 + 172,552 305,269
Unamortized discounts on securities held outright (5) -5,487 + 57 + 7,518 -5,504
Repurchase agreements (6) 199,714 + 24,784 + 199,714 211,550
Foreign official 0 - 1 0 0
Others 199,714 + 24,785 + 199,714 211,550
Loans 104,441 - 2,865 + 104,330 101,956
Primary credit 13,731 - 5,100 + 13,661 11,011
Secondary credit 0 0 0 0
Seasonal credit 5 + 3 - 37 9
Primary Dealer Credit Facility 5,782 - 1,179 + 5,782 5,847
Money Market Mutual Fund Liquidity Facility 31,661 - 2,660 + 31,661 29,859
Paycheck Protection Program Liquidity Facility 53,262 + 6,070 + 53,262 55,230
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper Funding
Facility II LLC (7) 12,794 + 1,216 + 12,794 12,795
Net portfolio holdings of Corporate Credit Facilities
LLC (7) 35,572 + 5,720 + 35,572 36,154
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (7) 0 0 0 0
Net portfolio holdings of Municipal Liquidity
Facility LLC (7) 12,921 + 12,921 + 12,921 16,075
Float -580 - 368 - 113 -718
Central bank liquidity swaps (8) 447,244 - 1,492 + 447,227 446,945
Other Federal Reserve assets (9) 29,441 - 140 + 8,589 29,200
Foreign currency denominated assets (10) 20,735 + 210 - 59 20,768
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,345 + 14 + 437 50,345
Total factors supplying reserve funds 7,188,505 + 41,847 +3,293,405 7,213,375
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 Jun 3, 2020
Federal Reserve Banks Jun 3, 2020 May 27, 2020 Jun 5, 2019
Currency in circulation (11) 1,949,802 + 5,584 + 211,159 1,952,420
Reverse repurchase agreements (12) 253,072 + 7,566 - 26,641 246,054
Foreign official and international accounts 252,214 + 7,327 - 26,214 246,041
Others 857 + 238 - 428 13
Treasury cash holdings 199 - 40 - 44 156
Deposits with F.R. Banks, other than reserve balances 1,616,614 + 31,049 +1,322,531 1,603,262
Term deposits held by depository institutions 0 0 - 2,700 0
U.S. Treasury, General Account 1,434,823 + 124,332 +1,211,185 1,431,462
Foreign official 16,277 + 31 + 11,032 16,281
Other (13) 165,514 - 93,314 + 103,013 155,519
Treasury contributions to credit facilities (14) 82,571 + 28,571 + 82,571 104,000
Other liabilities and capital (15) 48,786 - 199 + 3,458 50,048
Total factors, other than reserve balances,
absorbing reserve funds 3,951,044 + 72,531 +1,593,034 3,955,940
Reserve balances with Federal Reserve Banks 3,237,461 - 30,683 +1,700,372 3,257,435
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, and Municipal
Liquidity Facility LLC of $17.5 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 Jun 3, 2020
Jun 3, 2020 May 27, 2020 Jun 5, 2019
Securities held in custody for foreign official and
international accounts 3,389,775 - 1,461 - 53,633 3,401,036
Marketable U.S. Treasury securities (1) 2,927,283 + 2,308 - 106,974 2,938,575
Federal agency debt and mortgage-backed securities (2) 377,333 - 3,508 + 44,764 377,355
Other securities (3) 85,159 - 261 + 8,577 85,107
Securities lent to dealers 30,379 - 2,315 - 1,059 34,387
Overnight facility (4) 30,379 - 2,315 - 1,059 34,387
U.S. Treasury securities 30,379 - 2,315 - 1,059 34,387
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, 4, and 5.
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, June 3, 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) 9,896 26,253 10,577 55,230 0 ... 101,956
U.S. Treasury securities (2)
Holdings 49,583 283,619 589,247 1,575,173 719,393 917,341 4,134,356
Weekly changes - 6,025 + 4,580 + 25,027 - 2,379 - 522 + 4,164 + 24,844
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 2,230 80,883 1,752,477 1,835,594
Weekly changes 0 0 + 1 + 13 + 134 + 337 + 484
Commercial paper held by Commercial
Paper Funding Facility II LLC (5) 0 4,255 0 ... ... ... 4,255
Loan participations held by MS
Facilities LLC (Main Street Lending
Program) (6) 0 0 0 0 ... ... 0
Repurchase agreements (7) 190,250 21,300 ... ... ... ... 211,550
Central bank liquidity swaps (8) 231,608 215,338 0 0 0 0 446,945
Reverse repurchase agreements (7) 246,054 0 ... ... ... ... 246,054
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, and
Municipal Liquidity Facility 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. Face value of commercial paper held by Commercial Paper Funding Facility II LLC.
6. Face value of the loan participations held by the MS Facilities LLC.
7. Cash value of agreements.
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.
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Jun 3, 2020
Mortgage-backed securities held outright (1) 1,835,594
Residential mortgage-backed securities 1,826,489
Commercial mortgage-backed securities 9,106
Commitments to buy mortgage-backed securities (2) 142,439
Commitments to sell mortgage-backed securities (2) 20
Cash and cash equivalents (3) 33
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 4
and table 5.
4. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jun 3, 2020 Wednesday Wednesday
consolidation May 27, 2020 Jun 5, 2019
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,434 - 13 - 226
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 6,585,568 + 51,846 +2,798,622
Securities held outright (1) 5,972,297 + 25,328 +2,304,760
U.S. Treasury securities 4,134,356 + 24,844 +2,024,571
Bills (2) 326,044 0 + 325,994
Notes and bonds, nominal (2) 3,512,424 + 23,250 +1,542,154
Notes and bonds, inflation-indexed (2) 259,151 + 1,700 + 142,635
Inflation compensation (3) 36,737 - 106 + 13,789
Federal agency debt securities (2) 2,347 0 0
Mortgage-backed securities (4) 1,835,594 + 484 + 280,189
Unamortized premiums on securities held outright
(5) 305,269 + 1,013 + 172,912
Unamortized discounts on securities held outright
(5) -5,504 - 4 + 7,490
Repurchase agreements (6) 211,550 + 30,449 + 211,550
Loans (7) 101,956 - 4,940 + 101,911
Net portfolio holdings of Commercial Paper
Funding Facility II LLC (8) 12,795 + 1 + 12,795
Net portfolio holdings of Corporate Credit
Facilities LLC (8) 36,154 + 1,301 + 36,154
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (8) 0 0 0
Net portfolio holdings of Municipal Liquidity
Facility LLC (8) 16,075 + 16,075 + 16,075
Items in process of collection (0) 41 - 26 - 85
Bank premises 2,198 - 7 + 9
Central bank liquidity swaps (9) 446,945 - 2,001 + 446,928
Foreign currency denominated assets (10) 20,768 + 204 - 87
Other assets (11) 27,002 + 520 + 7,388
Total assets (0) 7,165,217 + 67,901 +3,317,572
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
4. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jun 3, 2020 Wednesday Wednesday
consolidation May 27, 2020 Jun 5, 2019
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,903,660 + 4,146 + 212,880
Reverse repurchase agreements (12) 246,054 + 2,078 - 25,652
Deposits (0) 4,860,697 + 20,800 +3,021,599
Term deposits held by depository institutions 0 0 - 2,700
Other deposits held by depository institutions 3,257,435 - 60,253 +1,697,725
U.S. Treasury, General Account 1,431,462 + 104,565 +1,223,815
Foreign official 16,281 + 30 + 11,037
Other (13) (0) 155,519 - 23,543 + 91,721
Deferred availability cash items (0) 758 + 403 + 183
Treasury contributions to credit facilities (14) 104,000 + 37,500 + 104,000
Other liabilities and accrued dividends (15) 11,131 + 2,971 + 4,834
Total liabilities (0) 7,126,300 + 67,898 +3,317,843
Capital accounts
Capital paid in 32,092 + 3 - 271
Surplus 6,825 0 0
Other capital accounts 0 0 0
Total capital 38,917 + 3 - 271
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, and Municipal
Liquidity Facility LLC of $17.5 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.
5. Statement of Condition of Each Federal Reserve Bank, June 3, 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 1,434 27 39 132 82 197 138 243 22 39 92 161 263
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans (1) 6,585,568 178,663 3,381,390 151,507 203,857 411,240 481,957 365,741 104,346 64,580 109,132 315,042 818,114
Net portfolio holdings of Commercial
Paper Funding Facility II LLC (2) 12,795 0 12,795 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Corporate
Credit Facilities LLC (2) 36,154 0 36,154 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of MS
Facilities LLC (Main Street Lending
Program) (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Municipal
Liquidity Facility LLC (2) 16,075 0 16,075 0 0 0 0 0 0 0 0 0 0
Central bank liquidity swaps (3) 446,945 21,215 150,202 16,084 38,194 94,336 22,167 17,357 7,326 3,500 4,713 5,306 66,546
Foreign currency denominated
assets (4) 20,768 986 6,982 747 1,774 4,383 1,030 806 340 163 219 247 3,092
Other assets (5) 29,241 39,790 -25,132 716 981 2,130 2,190 1,654 750 403 733 1,517 3,508
Interdistrict settlement account 0 - 58,514 + 428,674 - 14,054 - 1,744 + 28,242 - 120,711 - 31,453 - 25,357 - 11,918 - 20,230 - 8,125 - 164,810
Total assets 7,165,217 182,700 4,012,663 155,660 243,904 541,693 388,953 355,485 87,907 57,035 95,109 315,349 728,758
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
5. Statement of Condition of Each Federal Reserve Bank, June 3, 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 1,903,660 58,850 632,808 51,716 85,597 125,894 262,348 126,499 58,698 30,938 52,677 160,397 257,237
Reverse repurchase agreements (6) 246,054 5,526 127,396 5,614 7,698 15,421 18,133 13,743 3,888 2,325 3,913 11,858 30,538
Deposits 4,860,697 77,195 3,168,346 96,652 146,949 391,374 105,858 213,182 24,449 22,537 37,858 142,007 434,289
Depository institutions 3,257,435 77,173 1,666,633 96,651 146,802 390,259 105,757 119,017 24,438 22,480 34,328 139,616 434,282
U.S. Treasury, General Account 1,431,462 0 1,431,462 0 0 0 0 0 0 0 0 0 0
Foreign official 16,281 2 16,254 1 3 8 2 2 1 0 0 0 6
Other (7) 155,519 20 53,998 0 144 1,107 99 94,164 10 57 3,530 2,390 1
Earnings remittances due to the U.S.
Treasury (8) 2,005 -5 1,027 49 77 125 162 112 44 23 36 92 262
Treasury contributions to credit
facilities (9) 104,000 39,000 65,000 0 0 0 0 0 0 0 0 0 0
Other liabilities and accrued
dividends 9,884 305 5,072 232 285 692 548 435 192 887 210 343 685
Total liabilities 7,126,300 180,871 3,999,649 154,263 240,606 533,507 387,049 353,971 87,271 56,710 94,693 314,697 723,011
Capital
Capital paid in 32,092 1,505 10,720 1,151 2,715 6,745 1,565 1,249 524 272 344 571 4,730
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 7,165,217 182,700 4,012,663 155,660 243,904 541,693 388,953 355,485 87,907 57,035 95,109 315,349 728,758
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
5. Statement of Condition of Each Federal Reserve Bank, June 3, 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 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) has extended loans to several 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 are used to secure the loan from the FRBNY and the amount provided by U.S. Treasury as credit protection to 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 are used to secure the loan from the FRBNY and the amount provided by U.S. Treasury as credit protection to the FRBNY.
The FRBNY is the managing member of CPFF II LLC, CCF LLC, and Municipal Liquidity Facility LLC. The Federal Reserve Bank of Boston (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 5 (and in table 1 and table 4), 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 4). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as
liabilities on table 5 (and in table 1 and table 4).
6. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jun 3, 2020
Federal Reserve notes outstanding 2,057,497
Less: Notes held by F.R. Banks not subject to collateralization 153,837
Federal Reserve notes to be collateralized 1,903,660
Collateral held against Federal Reserve notes 1,903,660
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,887,423
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 6,183,847
Less: Face value of securities under reverse repurchase agreements 235,690
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,948,157
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.
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