FRB: H.4.1 Release--Factors Affecting Reserve Balances-- August 27, 2020

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks August 27, 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 26, 2020
Federal Reserve Banks Aug 26, 2020 Aug 19, 2020 Aug 28, 2019

Reserve Bank credit 6,975,315 + 10,010 +3,251,504 6,950,725
Securities held outright (1) 6,333,328 + 22,660 +2,743,781 6,310,134
U.S. Treasury securities 4,353,236 + 23,929 +2,261,967 4,358,559
Bills (2) 326,044 0 + 323,043 326,044
Notes and bonds, nominal (2) 3,712,988 + 22,249 +1,765,045 3,718,169
Notes and bonds, inflation-indexed (2) 276,906 + 1,199 + 160,361 276,906
Inflation compensation (3) 37,298 + 481 + 13,519 37,440
Federal agency debt securities (2) 2,347 0 0 2,347
Mortgage-backed securities (4) 1,977,745 - 1,270 + 481,814 1,949,228
Unamortized premiums on securities held outright (5) 326,606 + 1,336 + 198,617 326,070
Unamortized discounts on securities held outright (5) -5,007 - 79 + 7,996 -4,989
Repurchase agreements (6) 0 0 0 0
Foreign official 0 0 0 0
Others 0 0 0 0
Loans 81,563 - 934 + 81,423 81,105
Primary credit 2,642 - 17 + 2,607 2,704
Secondary credit 0 0 0 0
Seasonal credit 40 - 1 - 65 38
Primary Dealer Credit Facility 532 - 161 + 532 243
Money Market Mutual Fund Liquidity Facility 10,427 - 775 + 10,427 9,961
Paycheck Protection Program Liquidity Facility 67,921 + 18 + 67,921 68,158
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper Funding
Facility II LLC (7) 8,588 - 13 + 8,588 8,588
Net portfolio holdings of Corporate Credit Facilities
LLC (7) 44,542 + 76 + 44,542 44,604
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (7) 38,198 + 309 + 38,198 38,371
Net portfolio holdings of Municipal Liquidity
Facility LLC (7) 16,153 + 65 + 16,153 16,541
Net portfolio holdings of TALF II LLC (7) 10,771 + 1 + 10,771 10,771
Float -205 0 - 32 -326
Central bank liquidity swaps (8) 92,140 - 3,682 + 92,071 92,140
Other Federal Reserve assets (9) 28,639 - 9,728 + 9,396 27,717
Foreign currency denominated assets (10) 21,595 - 44 + 678 21,594
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,396 + 14 + 430 50,396

Total factors supplying reserve funds 7,063,547 + 9,980 +3,252,612 7,038,955

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 26, 2020
Federal Reserve Banks Aug 26, 2020 Aug 19, 2020 Aug 28, 2019

Currency in circulation (11) 2,011,088 + 3,547 + 259,533 2,013,961
Reverse repurchase agreements (12) 213,256 - 1,321 - 75,607 213,075
Foreign official and international accounts 213,232 - 1,303 - 68,312 213,066
Others 24 - 18 - 7,295 9
Treasury cash holdings 60 + 4 - 100 62
Deposits with F.R. Banks, other than reserve balances 1,861,199 + 22,663 +1,634,525 1,776,806
Term deposits held by depository institutions 0 0 - 1,668 0
U.S. Treasury, General Account 1,622,690 - 20,815 +1,476,733 1,607,449
Foreign official 16,612 + 9 + 11,356 16,614
Other (13) 221,898 + 43,470 + 148,105 152,743
Treasury contributions to credit facilities (14) 114,000 0 + 114,000 114,000
Other liabilities and capital (15) 48,149 - 3,022 + 3,146 45,653

Total factors, other than reserve balances,
absorbing reserve funds 4,247,753 + 21,871 +1,935,498 4,163,557

Reserve balances with Federal Reserve Banks 2,815,794 - 11,891 +1,317,114 2,875,399

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 26, 2020
Aug 26, 2020 Aug 19, 2020 Aug 28, 2019

Securities held in custody for foreign official and
international accounts 3,413,328 - 4,082 - 62,031 3,403,165
Marketable U.S. Treasury securities (1) 2,972,168 + 524 - 62,101 2,964,989
Federal agency debt and mortgage-backed securities (2) 355,165 - 4,763 - 4,844 352,433
Other securities (3) 85,995 + 157 + 4,913 85,743
Securities lent to dealers 26,410 - 953 - 350 29,164
Overnight facility (4) 26,410 - 953 - 350 29,164
U.S. Treasury securities 26,410 - 953 - 350 29,164
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 26, 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) 3,254 4,493 5,200 68,158 0 ... 81,105
U.S. Treasury securities (2)
Holdings 64,117 237,185 663,816 1,648,650 771,901 972,889 4,358,559
Weekly changes + 1,311 - 610 - 670 + 1,092 + 9,280 + 2,611 + 13,015
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 4 2,166 75,971 1,871,086 1,949,228
Weekly changes 0 0 - 1 - 101 - 1,505 - 27,063 - 28,669
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 0 855 ... ... 855
Municipal notes held by Municipal
Liquidity Facility LLC (7) 0 0 1,200 451 ... ... 1,651
Loans held by TALF II LLC (8) 0 1 0 2,255 ... ... 2,256
Repurchase agreements (9) 0 0 ... ... ... ... 0
Central bank liquidity swaps (10) 24,171 67,969 0 0 0 0 92,140
Reverse repurchase agreements (9) 213,075 0 ... ... ... ... 213,075
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 26, 2020

Mortgage-backed securities held outright (1) 1,949,228
Residential mortgage-backed securities 1,939,919
Commercial mortgage-backed securities 9,309

Commitments to buy mortgage-backed securities (2) 113,037
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 18

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 26, 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 12,413 12,617 31,986 44,604
MS Facilities LLC (Main Street Lending Program) 855 855 37,515 38,371
Municipal Liquidity Facility LLC 1,651 1,651 14,890 16,541
TALF II LLC 2,266 2,256 8,515 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 26, 2020 Wednesday Wednesday
consolidation Aug 19, 2020 Aug 28, 2019

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,490 - 6 - 232
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 6,712,320 - 16,489 +3,010,246
Securities held outright (1) 6,310,134 - 15,654 +2,723,052
U.S. Treasury securities 4,358,559 + 13,015 +2,263,429
Bills (2) 326,044 0 + 323,043
Notes and bonds, nominal (2) 3,718,169 + 11,334 +1,766,367
Notes and bonds, inflation-indexed (2) 276,906 + 1,199 + 160,361
Inflation compensation (3) 37,440 + 482 + 13,658
Federal agency debt securities (2) 2,347 0 0
Mortgage-backed securities (4) 1,949,228 - 28,669 + 459,623
Unamortized premiums on securities held outright
(5) 326,070 + 176 + 198,265
Unamortized discounts on securities held outright
(5) -4,989 + 74 + 7,934
Repurchase agreements (6) 0 0 0
Loans (7) 81,105 - 1,085 + 80,995
Net portfolio holdings of Commercial Paper
Funding Facility II LLC (8) 8,588 0 + 8,588
Net portfolio holdings of Corporate Credit
Facilities LLC (8) 44,604 + 124 + 44,604
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (8) 38,371 + 388 + 38,371
Net portfolio holdings of Municipal Liquidity
Facility LLC (8) 16,541 + 452 + 16,541
Net portfolio holdings of TALF II LLC (8) 10,771 0 + 10,771
Items in process of collection (0) 45 - 1 - 4
Bank premises 2,197 0 + 6
Central bank liquidity swaps (9) 92,140 - 3,640 + 92,071
Foreign currency denominated assets (10) 21,594 - 128 + 726
Other assets (11) 25,521 - 919 + 8,785

Total assets (0) 6,990,418 - 20,219 +3,230,472

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 26, 2020 Wednesday Wednesday
consolidation Aug 19, 2020 Aug 28, 2019

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,965,113 + 4,305 + 258,318
Reverse repurchase agreements (12) 213,075 + 1,733 - 73,645
Deposits (0) 4,652,207 - 23,952 +2,931,062
Term deposits held by depository institutions 0 0 - 1,668
Other deposits held by depository institutions 2,875,400 + 53,547 +1,371,156
U.S. Treasury, General Account 1,607,449 - 28,944 +1,457,303
Foreign official 16,614 + 4 + 11,357
Other (13) (0) 152,743 - 48,561 + 92,912
Deferred availability cash items (0) 371 + 80 + 3
Treasury contributions to credit facilities (14) 114,000 0 + 114,000
Other liabilities and accrued dividends (15) 6,722 - 2,438 + 1,103

Total liabilities (0) 6,951,487 - 20,273 +3,230,840

Capital accounts
Capital paid in 32,106 + 54 - 368
Surplus 6,825 0 0
Other capital accounts 0 0 0

Total capital 38,931 + 54 - 368

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 26, 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 1,490 32 34 124 87 210 136 244 29 43 96 163 291
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans (1) 6,712,320 161,097 3,446,143 157,409 209,589 421,049 492,887 374,320 106,660 69,504 111,490 322,729 839,443
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) 44,604 0 44,604 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of MS
Facilities LLC (Main Street Lending
Program) (2) 38,371 38,371 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Municipal
Liquidity Facility LLC (2) 16,541 0 16,541 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) 92,140 4,374 30,965 3,316 7,874 19,448 4,570 3,578 1,510 721 972 1,094 13,719
Foreign currency denominated
assets (4) 21,594 1,025 7,258 777 1,845 4,557 1,071 838 354 169 228 256 3,215
Other assets (5) 27,763 2,233 11,570 688 918 1,996 2,089 1,571 707 380 719 1,561 3,329
Interdistrict settlement account 0 - 54,134 + 421,749 - 21,147 + 28,206 + 6,107 - 106,115 - 4,217 - 21,805 - 14,040 - 24,848 - 35,769 - 173,987

Total assets 6,990,418 153,530 4,003,707 141,696 249,280 454,532 396,821 377,472 87,934 57,047 89,107 291,237 688,054

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 26, 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 1,965,113 61,383 659,996 56,550 93,501 125,901 274,818 127,090 59,593 33,033 53,923 165,589 253,736
Reverse repurchase agreements (6) 213,075 4,785 110,321 4,861 6,666 13,354 15,703 11,901 3,367 2,014 3,388 10,269 26,445
Deposits 4,652,207 46,170 3,142,885 78,635 145,529 306,421 103,932 236,496 24,068 21,161 31,149 114,363 401,399
Depository institutions 2,875,400 46,146 1,479,024 78,634 145,499 305,371 103,904 126,197 24,063 21,095 31,107 112,978 401,382
U.S. Treasury, General Account 1,607,449 0 1,607,449 0 0 0 0 0 0 0 0 0 0
Foreign official 16,614 2 16,588 1 3 8 2 2 1 0 0 0 6
Other (7) 152,743 22 39,824 0 27 1,041 26 110,297 4 65 41 1,385 11
Earnings remittances due to the U.S.
Treasury (8) 364 5 202 9 11 8 26 20 6 1 4 23 48
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 6,728 357 2,291 234 271 662 545 437 189 512 225 341 665

Total liabilities 6,951,487 151,700 3,990,695 140,289 245,979 446,346 395,024 375,944 87,222 56,721 88,689 290,585 682,292

Capital
Capital paid in 32,106 1,506 10,719 1,161 2,718 6,746 1,459 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 6,990,418 153,530 4,003,707 141,696 249,280 454,532 396,821 377,472 87,934 57,047 89,107 291,237 688,054

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 26, 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 26, 2020

Federal Reserve notes outstanding 2,114,863
Less: Notes held by F.R. Banks not subject to collateralization 149,751
Federal Reserve notes to be collateralized 1,965,113
Collateral held against Federal Reserve notes 1,965,113
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,948,876
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 6,310,134
Less: Face value of securities under reverse repurchase agreements 200,984
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,109,151

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