FRB: H.4.1 Release--Factors Affecting Reserve Balances-- August 20, 2020

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks August 20, 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 Aug 19, 2020
Federal Reserve Banks Aug 19, 2020 Aug 12, 2020 Aug 21, 2019

Reserve Bank credit 6,965,305 + 54,186 +3,238,151 6,970,886
Securities held outright (1) 6,310,668 + 59,988 +2,717,524 6,325,788
U.S. Treasury securities 4,329,307 + 14,510 +2,243,448 4,345,544
Bills (2) 326,044 0 + 323,043 326,044
Notes and bonds, nominal (2) 3,690,739 + 11,789 +1,748,199 3,706,835
Notes and bonds, inflation-indexed (2) 275,707 + 2,058 + 159,162 275,707
Inflation compensation (3) 36,817 + 663 + 13,044 36,958
Federal agency debt securities (2) 2,347 0 0 2,347
Mortgage-backed securities (4) 1,979,015 + 45,479 + 474,077 1,977,897
Unamortized premiums on securities held outright (5) 325,270 + 2,738 + 196,794 325,894
Unamortized discounts on securities held outright (5) -4,928 - 16 + 8,126 -5,063
Repurchase agreements (6) 0 0 0 0
Foreign official 0 0 0 0
Others 0 0 0 0
Loans 82,497 - 962 + 82,365 82,190
Primary credit 2,659 - 34 + 2,625 2,818
Secondary credit 0 0 0 0
Seasonal credit 41 + 2 - 57 39
Primary Dealer Credit Facility 693 - 101 + 693 693
Money Market Mutual Fund Liquidity Facility 11,202 - 556 + 11,202 10,839
Paycheck Protection Program Liquidity Facility 67,903 - 208 + 67,903 67,800
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper Funding
Facility II LLC (7) 8,601 - 31 + 8,601 8,588
Net portfolio holdings of Corporate Credit Facilities
LLC (7) 44,466 + 63 + 44,466 44,480
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (7) 37,889 + 269 + 37,889 37,983
Net portfolio holdings of Municipal Liquidity
Facility LLC (7) 16,088 + 1 + 16,088 16,089
Net portfolio holdings of TALF II LLC (7) 10,770 + 647 + 10,770 10,771
Float -205 - 15 - 84 -245
Central bank liquidity swaps (8) 95,822 - 3,960 + 95,779 95,780
Other Federal Reserve assets (9) 38,367 - 4,536 + 19,833 28,633
Foreign currency denominated assets (10) 21,639 + 68 + 800 21,722
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,460 + 14 + 497 50,460

Total factors supplying reserve funds 7,053,645 + 54,269 +3,239,447 7,059,309

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 Aug 19, 2020
Federal Reserve Banks Aug 19, 2020 Aug 12, 2020 Aug 21, 2019

Currency in circulation (11) 2,007,619 + 4,453 + 258,437 2,009,715
Reverse repurchase agreements (12) 214,577 - 2,822 - 96,190 211,342
Foreign official and international accounts 214,535 - 2,848 - 84,292 211,230
Others 42 + 26 - 11,897 112
Treasury cash holdings 56 + 10 - 115 60
Deposits with F.R. Banks, other than reserve balances 1,838,536 + 13,091 +1,644,884 1,854,307
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 1,643,505 - 26,228 +1,517,780 1,636,393
Foreign official 16,603 + 381 + 11,347 16,610
Other (13) 178,428 + 38,938 + 115,757 201,304
Treasury contributions to credit facilities (14) 114,000 0 + 114,000 114,000
Other liabilities and capital (15) 51,171 + 812 + 6,790 48,036

Total factors, other than reserve balances,
absorbing reserve funds 4,225,960 + 15,545 +1,927,807 4,237,460

Reserve balances with Federal Reserve Banks 2,827,685 + 38,724 +1,311,640 2,821,849

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 Aug 19, 2020
Aug 19, 2020 Aug 12, 2020 Aug 21, 2019

Securities held in custody for foreign official and
international accounts 3,417,410 + 9,624 - 53,936 3,423,177
Marketable U.S. Treasury securities (1) 2,971,644 + 9,093 - 61,794 2,978,081
Federal agency debt and mortgage-backed securities (2) 359,928 + 661 + 2,550 359,210
Other securities (3) 85,838 - 130 + 5,308 85,886
Securities lent to dealers 27,363 + 571 + 1,968 26,264
Overnight facility (4) 27,363 + 571 + 1,968 26,264
U.S. Treasury securities 27,363 + 571 + 1,968 26,264
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, August 19, 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) 3,386 5,595 5,408 67,800 0 ... 82,190
U.S. Treasury securities (2)
Holdings 62,806 237,795 664,486 1,647,558 762,621 970,278 4,345,544
Weekly changes - 53,909 + 15,344 + 31,957 + 5,029 + 7,996 + 19,034 + 25,451
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 2,267 77,476 1,898,149 1,977,897
Weekly changes 0 0 0 + 1 - 567 + 44,915 + 44,349
Commercial paper held by Commercial
Paper Funding Facility II LLC (5) 0 30 0 ... ... ... 30
Loan participations held by MS
Facilities LLC (Main Street Lending
Program) (6) 0 0 0 472 ... ... 472
Municipal notes held by Municipal
Liquidity Facility LLC (7) 0 0 1,200 0 ... ... 1,200
Loans held by TALF II LLC (8) 10 0 0 2,255 ... ... 2,266
Repurchase agreements (9) 0 0 ... ... ... ... 0
Central bank liquidity swaps (10) 24,962 70,817 0 0 0 0 95,780
Reverse repurchase agreements (9) 211,342 0 ... ... ... ... 211,342
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
Aug 19, 2020

Mortgage-backed securities held outright (1) 1,977,897
Residential mortgage-backed securities 1,968,594
Commercial mortgage-backed securities 9,303

Commitments to buy mortgage-backed securities (2) 113,553
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 11

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 Aug 19, 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 30 30 8,558 8,588
Corporate Credit Facilities LLC 12,304 12,498 31,982 44,480
MS Facilities LLC (Main Street Lending Program) 472 472 37,511 37,983
Municipal Liquidity Facility LLC 1,200 1,200 14,889 16,089
TALF II LLC 2,266 2,266 8,505 10,771

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 Aug 19, 2020 Wednesday Wednesday
consolidation Aug 12, 2020 Aug 21, 2019

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,496 - 17 - 228
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 6,728,809 + 71,655 +3,021,496
Securities held outright (1) 6,325,788 + 69,800 +2,733,851
U.S. Treasury securities 4,345,544 + 25,451 +2,256,624
Bills (2) 326,044 0 + 323,043
Notes and bonds, nominal (2) 3,706,835 + 25,066 +1,761,236
Notes and bonds, inflation-indexed (2) 275,707 0 + 159,162
Inflation compensation (3) 36,958 + 385 + 13,183
Federal agency debt securities (2) 2,347 0 0
Mortgage-backed securities (4) 1,977,897 + 44,349 + 477,227
Unamortized premiums on securities held outright
(5) 325,894 + 2,932 + 197,651
Unamortized discounts on securities held outright
(5) -5,063 - 183 + 7,983
Repurchase agreements (6) 0 0 0
Loans (7) 82,190 - 894 + 82,011
Net portfolio holdings of Commercial Paper
Funding Facility II LLC (8) 8,588 - 15 + 8,588
Net portfolio holdings of Corporate Credit
Facilities LLC (8) 44,480 + 67 + 44,480
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (8) 37,983 + 249 + 37,983
Net portfolio holdings of Municipal Liquidity
Facility LLC (8) 16,089 + 1 + 16,089
Net portfolio holdings of TALF II LLC (8) 10,771 + 647 + 10,771
Items in process of collection (0) 46 + 1 - 7
Bank premises 2,197 0 + 6
Central bank liquidity swaps (9) 95,780 - 4,002 + 95,737
Foreign currency denominated assets (10) 21,722 + 204 + 893
Other assets (11) 26,440 - 15,430 + 9,963

Total assets (0) 7,010,637 + 53,360 +3,245,771

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 Aug 19, 2020 Wednesday Wednesday
consolidation Aug 12, 2020 Aug 21, 2019

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,960,808 + 3,424 + 257,692
Reverse repurchase agreements (12) 211,342 - 7,004 - 89,876
Deposits (0) 4,676,159 + 58,132 +2,959,873
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 2,821,853 - 6,317 +1,304,033
U.S. Treasury, General Account 1,636,393 + 1,250 +1,504,946
Foreign official 16,610 + 388 + 11,354
Other (13) (0) 201,304 + 62,812 + 139,541
Deferred availability cash items (0) 291 - 43 + 84
Treasury contributions to credit facilities (14) 114,000 0 + 114,000
Other liabilities and accrued dividends (15) 9,160 - 1,139 + 4,416

Total liabilities (0) 6,971,760 + 53,369 +3,246,188

Capital accounts
Capital paid in 32,052 - 10 - 417
Surplus 6,825 0 0
Other capital accounts 0 0 0

Total capital 38,877 - 10 - 417

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, August 19, 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 1,496 32 36 123 88 214 143 244 29 44 95 161 289
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans (1) 6,728,809 162,291 3,454,705 157,920 209,945 421,949 493,998 375,335 106,878 69,308 111,800 323,453 841,227
Net portfolio holdings of Commercial
Paper Funding Facility II LLC (2) 8,588 0 8,588 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Corporate
Credit Facilities LLC (2) 44,480 0 44,480 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of MS
Facilities LLC (Main Street Lending
Program) (2) 37,983 37,983 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Municipal
Liquidity Facility LLC (2) 16,089 0 16,089 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF II LLC (2) 10,771 0 10,771 0 0 0 0 0 0 0 0 0 0
Central bank liquidity swaps (3) 95,780 4,546 32,188 3,447 8,185 20,216 4,750 3,720 1,570 750 1,010 1,137 14,261
Foreign currency denominated
assets (4) 21,722 1,031 7,302 782 1,856 4,584 1,077 843 356 170 229 258 3,234
Other assets (5) 28,682 2,256 12,085 714 961 2,079 2,168 1,628 621 391 756 1,575 3,447
Interdistrict settlement account 0 - 54,887 + 475,802 - 18,159 + 22,898 - 7,299 - 110,874 - 28,034 - 23,418 - 14,702 - 27,281 - 43,275 - 170,769

Total assets 7,010,637 153,785 4,067,529 145,355 244,693 442,908 393,446 354,872 86,516 56,230 87,059 284,511 693,733

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, August 19, 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 1,960,808 61,233 658,658 56,518 93,469 125,522 274,109 126,675 59,583 32,882 53,340 165,101 253,718
Reverse repurchase agreements (6) 211,342 4,746 109,424 4,822 6,612 13,246 15,575 11,804 3,339 1,997 3,361 10,185 26,230
Deposits 4,676,159 46,569 3,207,572 82,318 140,954 295,112 101,279 214,292 22,656 20,580 29,683 108,114 407,031
Depository institutions 2,821,853 46,548 1,452,623 82,316 140,918 294,901 101,244 116,508 22,652 20,523 29,641 106,954 407,025
U.S. Treasury, General Account 1,636,393 0 1,636,393 0 0 0 0 0 0 0 0 0 0
Foreign official 16,610 2 16,583 1 3 8 2 2 1 0 0 0 6
Other (7) 201,304 19 101,972 0 32 202 33 97,782 4 57 42 1,160 0
Earnings remittances due to the U.S.
Treasury (8) 2,641 60 1,362 60 91 188 191 143 39 21 36 118 334
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 6,810 347 2,502 232 267 654 545 431 188 423 222 340 658

Total liabilities 6,971,760 151,955 4,054,518 143,949 241,392 434,722 391,700 353,345 85,805 55,903 86,642 283,859 687,971

Capital
Capital paid in 32,052 1,506 10,718 1,161 2,718 6,746 1,407 1,263 599 273 345 571 4,746
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 7,010,637 153,785 4,067,529 145,355 244,693 442,908 393,446 354,872 86,516 56,230 87,059 284,511 693,733

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, August 19, 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. 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
Aug 19, 2020

Federal Reserve notes outstanding 2,112,021
Less: Notes held by F.R. Banks not subject to collateralization 151,213
Federal Reserve notes to be collateralized 1,960,808
Collateral held against Federal Reserve notes 1,960,808
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,944,571
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 6,325,788
Less: Face value of securities under reverse repurchase agreements 200,525
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,125,262

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