FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 October 22, 2020


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Oct 21, 2020 
Federal Reserve Banks                                     Oct 21, 2020 Oct 14, 2020 Oct 23, 2019              

Reserve Bank credit                                         7,110,865   +   65,494   +3,177,663    7,137,392  
  Securities held outright (1)                              6,533,450   +   62,376   +2,933,060    6,559,360  
    U.S. Treasury securities                                4,495,604   +   18,846   +2,358,675    4,509,778  
      Bills (2)                                               326,044            0   +  308,255      326,044  
      Notes and bonds, nominal (2)                          3,833,695   +   14,611   +1,860,070    3,847,392  
      Notes and bonds, inflation-indexed (2)                  294,418   +    3,602   +  173,425      294,761  
      Inflation compensation (3)                               41,447   +      633   +   16,925       41,581  
    Federal agency debt securities (2)                          2,347            0            0        2,347  
    Mortgage-backed securities (4)                          2,035,499   +   43,530   +  574,385    2,047,235  
  Unamortized premiums on securities held outright (5)        337,728   +    2,751   +  210,334      338,824  
  Unamortized discounts on securities held outright (5)        -4,623   +       12   +    7,963       -4,608  
  Repurchase agreements (6)                                     1,000            0   -  189,580        1,000  
    Foreign official                                            1,000            0   +    1,000        1,000  
    Others                                                          0            0   -  190,580            0  
  Loans                                                        74,150   -      608   +   74,095       73,212  
    Primary credit                                              2,804   +      185   +    2,803        3,146  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 9   -       17   -       44            7  
    Primary Dealer Credit Facility                                193            0   +      193          193  
    Money Market Mutual Fund Liquidity Facility                 6,019   -      118   +    6,019        5,740  
    Paycheck Protection Program Liquidity Facility             65,125   -      658   +   65,125       64,126  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Commercial Paper Funding      
    Facility II LLC (7)                                         8,559   -       22   +    8,559        8,559  
  Net portfolio holdings of Corporate Credit Facilities   
  LLC (7)                                                      45,354   +      133   +   45,354       45,378  
  Net portfolio holdings of MS Facilities LLC (Main       
    Street Lending Program) (7)                                40,720   +      437   +   40,720       40,893  
  Net portfolio holdings of Municipal Liquidity           
  Facility LLC (7)                                             16,549   +        1   +   16,549       16,550  
  Net portfolio holdings of TALF II LLC (7)                    11,755   +       39   +   11,755       11,762  
  Float                                                          -219   +       27   -      118         -319  
  Central bank liquidity swaps (8)                              7,451   -      681   +    7,408        7,642  
  Other Federal Reserve assets (9)                             38,990   +    1,028   +   11,562       39,140  
Foreign currency denominated assets (10)                       21,601   -       20   +      891       21,780  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,453   +       14   +      440       50,453  
                                                                                                              
Total factors supplying reserve funds                       7,199,160   +   65,488   +3,178,993    7,225,867  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Oct 21, 2020 
Federal Reserve Banks                                     Oct 21, 2020 Oct 14, 2020 Oct 23, 2019              

Currency in circulation (11)                                 2,042,094   +    1,002   +  270,561    2,042,729 
Reverse repurchase agreements (12)                             189,336   -      804   -  121,670      187,435 
  Foreign official and international accounts                  189,333   -      777   -  104,666      187,435 
  Others                                                             3   -       27   -   17,004            0 
Treasury cash holdings                                              39   +       12   -      161           43 
Deposits with F.R. Banks, other than reserve balances        1,942,811   +   68,635   +1,500,009    1,941,585 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                             1,724,792   +   43,794   +1,346,807    1,699,497 
  Foreign official                                              20,034   +    1,132   +   14,847       21,247 
  Other (13)                                                   197,985   +   23,708   +  138,355      220,841 
Treasury contributions to credit facilities (14)               114,000            0   +  114,000      114,000 
Other liabilities and capital (15)                              50,401   -    1,907   +    4,818       49,945 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  4,338,680   +   66,937   +1,767,557    4,335,737 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,860,480   -    1,449   +1,411,437    2,890,130 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements.                                                                               
7.  Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury      
    contributions to the facility. Refer to note on consolidation below.                                
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes bank premises, accrued interest, and other accounts receivable. Also includes net              
    portfolio holdings of Maiden Lane LLC.                                                              
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities                                                          
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10             
    billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, Municipal
    Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 billion, and credit protection in the
    Money Market Mutual Fund Liquidity Facility of $1.5 billion.                                        
15. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Oct 21, 2020 
                                                          Oct 21, 2020 Oct 14, 2020 Oct 23, 2019              

Securities held in custody for foreign official and       
     international accounts                                  3,402,789   -    7,711   -   16,719    3,396,459 
  Marketable U.S. Treasury securities (1)                    2,970,804   -    7,947   -    1,859    2,954,125 
  Federal agency debt and mortgage-backed securities (2)       346,426   +      736   -   17,781      356,847 
  Other securities (3)                                          85,559   -      500   +    2,921       85,487 
Securities lent to dealers                                      21,598   -    6,735   -      921       25,288 
  Overnight facility (4)                                        21,598   -    6,735   -      921       25,288 
    U.S. Treasury securities                                    21,598   -    6,735   -      921       25,288 
    Federal agency debt securities                                   0            0            0            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           








2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, October 21, 2020
Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans (1)                                    1,872         5,291         1,924        64,126             0           ...        73,212 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                  79,660       264,999       656,206     1,701,341       805,291     1,002,280     4,509,778 
  Weekly changes                        +   29,767    -   19,510    +      206    +    3,828    +    7,354    +    3,154    +   24,800 
Federal agency debt securities (3)                                                                                                     
  Holdings                                       0             0             0             0         1,436           911         2,347 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             5         2,135        77,612     1,967,483     2,047,235 
  Weekly changes                                 0             0             0    -        5    -      640    +    1,042    +      396 
Commercial paper held by Commercial                                                                                                    
  Paper Funding Facility II LLC (5)              0             0             0           ...           ...           ...             0 
Loan participations held by MS                                                                                                         
  Facilities LLC (Main Street Lending                                                                                                   
  Program) (6)                                   0             0             0         3,358           ...           ...         3,358 
Municipal notes held by Municipal                                                                                                      
  Liquidity Facility LLC (7)                     0             0         1,200           451           ...           ...         1,651 
Loans held by TALF II LLC (8)                    0             0             0         3,159           ...           ...         3,159 
Repurchase agreements (9)                    1,000             0           ...           ...           ...           ...         1,000 
Central bank liquidity swaps (10)            1,959         5,684             0             0             0             0         7,642 
Reverse repurchase agreements (9)          187,435             0           ...           ...           ...           ...       187,435 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Loans includes primary, secondary, and seasonal loans and credit extended through the Primary           
    Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity
    Facility, and other credit extensions. Loans exclude the loans from the Federal Reserve Bank of New 
    York (FRBNY) to Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC, Municipal
    Liquidity Facility LLC, and TALF II LLC, and from the Federal Reserve Bank of Boston (FRBB) to MS   
    Facilities LLC, which were eliminated when preparing the FRBNY's and FRBB's statement of condition, 
    respectively, consistent with consolidation under generally accepted accounting principles.         
2.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
3.  Face value.                                                                                             
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Book value of commercial paper held by Commercial Paper Funding Facility II LLC.                        
6.  Book value of the loan participations held by the MS Facilities LLC.                                    
7.  Book value of the municipal notes held by the Municipal Liquidity Facility LLC.                         
8.  Book value of the loans held by the TALF II LLC.                                                        
9.  Cash value of agreements.                                                                               
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Oct 21, 2020  

Mortgage-backed securities held outright (1)                                                                             2,047,235  
  Residential mortgage-backed securities                                                                                 2,037,696  
  Commercial mortgage-backed securities                                                                                      9,539  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                          116,029  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Includes residential and commercial mortgage-backed securities. Residential         
    mortgage-backed securities generally settle within 180 calendar days and include commitments associated
    with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities   
    generally settle within three business days.                                                        
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Credit Facilities LLCs
Millions of dollars
Credit Facilities LLCs:                                                  Wednesday Oct 21, 2020               
                                                                              Net portfolio holdings of       
                                                                               Credit Facilities LLCs         
                                                           Outstanding                                        
                                                            principal   Outstanding                           
                                                             amount      amount of    Treasury                
                                                             of loan     facility   contributions             
                                                           extended to     asset         and                  
                                                           the LLC (1) purchases (2)other assets (3)    Total    

Commercial Paper Funding Facility II LLC                             0            0        8,559        8,559 
Corporate Credit Facilities LLC                                 13,176       13,309       32,070       45,378 
MS Facilities LLC (Main Street Lending Program)                  3,357        3,358       37,535       40,893 
Municipal Liquidity Facility LLC                                 1,651        1,651       14,899       16,550 
TALF II LLC                                                      3,252        3,159        8,603       11,762 

Note: Components may not sum to totals because of rounding.


1.  Book value. This amount was eliminated when preparing the Federal Reserve Banks' statement of           
    condition consistent with consolidation under generally accepted accounting principles. Refer to the note
    on consolidation accompanying table 6. Loans are extended from the Federal Reserve Bank to the LLC  
    upon settlement of the investment activity.                                                         
2.  Outstanding amount of facility asset purchases:                                                         
    a. For the Commercial Paper Funding Facility II LLC includes commercial paper at book value.            
    b. For the Corporate Credit Facilities LLC includes exchange traded-funds at fair value and             
    corporate bonds at book value. Asset balances                                                       
    from trading activity are reported on a one-day lag after the transaction date.                         
    c. For the MS Facilities LLC (Main Street Lending Program) includes loan participations at face         
    value.                                                                                              
    d. For the Municipal Liquidity Facility LLC includes municipal notes at book value. Asset balances      
    from trading activity may be reported on                                                            
    a one-day lag after the transaction date.                                                               
    e. For the TALF II LLC includes loans to holders of eligible asset-backed securities at book value.     
3.  Includes short term receivables, interest and dividend receivables, and other assets of the             
    facility. Also includes the portion of the Treasury contribution to the credit facilities, which is held as
    investments in nonmarketable Treasury securities and the residual portion which is held as cash and 
    cash equivalents at the FRBNY. The amount of cash and cash equivalents held at the FRBNY are        
    eliminated in consolidation and, as result, are excluded from net portfolio holdings in Tables 1, 5, and 6.
    Amounts excluded are initially 15% of Treasury contributions to the credit facilities from the      
    following consolidated LLCs: Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC,
    Municipal Liquidity Facility LLC, and TALF II LLC. Refer to the note on consolidation accompanying table
    6.                                                                                                  





5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Oct 21, 2020   Wednesday    Wednesday  
                                                        consolidation                Oct 14, 2020 Oct 23, 2019 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,482   -        1   -      198  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     6,967,787   +   24,982   +3,065,523  
    Securities held outright (1)                                          6,559,360   +   25,196   +2,949,911  
      U.S. Treasury securities                                            4,509,778   +   24,800   +2,360,590  
        Bills (2)                                                           326,044            0   +  297,539  
        Notes and bonds, nominal (2)                                      3,847,392   +   20,536   +1,872,223  
        Notes and bonds, inflation-indexed (2)                              294,761   +    3,602   +  173,768  
        Inflation compensation (3)                                           41,581   +      662   +   17,060  
      Federal agency debt securities (2)                                      2,347            0            0  
      Mortgage-backed securities (4)                                      2,047,235   +      396   +  589,321  
    Unamortized premiums on securities held outright  
    (5)                                                                     338,824   +    1,256   +  211,635  
    Unamortized discounts on securities held outright 
    (5)                                                                      -4,608   -       11   +    8,025  
    Repurchase agreements (6)                                                 1,000            0   -  177,204  
    Loans (7)                                                                73,212   -    1,458   +   73,158  
  Net portfolio holdings of Commercial Paper          
    Funding Facility II LLC (8)                                               8,559            0   +    8,559  
  Net portfolio holdings of Corporate Credit          
  Facilities LLC (8)                                                         45,378   +       78   +   45,378  
  Net portfolio holdings of MS Facilities LLC (Main   
    Street Lending Program) (8)                                              40,893   +      346   +   40,893  
  Net portfolio holdings of Municipal Liquidity       
  Facility LLC (8)                                                           16,550   +        1   +   16,550  
  Net portfolio holdings of TALF II LLC (8)                                  11,762   +       46   +   11,762  
  Items in process of collection                                   (0)           54   -       47   +        4  
  Bank premises                                                               2,196   +        2   +        5  
  Central bank liquidity swaps (9)                                            7,642   +      164   +    7,599  
  Foreign currency denominated assets (10)                                   21,780   +      166   +    1,107  
  Other assets (11)                                                          36,944   +      101   +   11,382  
                                                                                                               
Total assets                                                       (0)    7,177,265   +   25,839   +3,208,565  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Oct 21, 2020   Wednesday    Wednesday  
                                                        consolidation                Oct 14, 2020 Oct 23, 2019 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,993,797   -       55   +  268,777 
  Reverse repurchase agreements (12)                                         187,435   -    8,393   -  118,612 
  Deposits                                                          (0)    4,831,715   +   40,274   +2,939,397 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,890,130   -   17,604   +1,438,575 
    U.S. Treasury, General Account                                         1,699,497   +   51,560   +1,324,327 
    Foreign official                                                          21,247   +    2,345   +   16,061 
    Other (13)                                                      (0)      220,841   +    3,973   +  160,434 
  Deferred availability cash items                                  (0)          373   -      230   +      196 
  Treasury contributions to credit facilities (14)                           114,000            0   +  114,000 
  Other liabilities and accrued dividends (15)                                10,722   -    5,757   +    4,929 
                                                                                                               
Total liabilities                                                   (0)    7,138,042   +   25,838   +3,208,686 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,398   +        1   -      121 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,223   +        1   -      121 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Loans includes primary, secondary, and seasonal loans and credit extended through the Primary           
    Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity
    Facility, and other credit extensions.                                                              
8.  Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury      
    contributions to the facility. Refer to note on consolidation below.                                
9.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
10. Revalued daily at current foreign currency exchange rates.                                              
11. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also includes net portfolio holdings of Maiden Lane LLC.                       
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10             
    billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, Municipal
    Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 billion, and credit protection in the
    Money Market Mutual Fund Liquidity Facility of $1.5 billion.                                        
15. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, October 21, 2020
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificates and special drawing     
    rights certificates                           16,237         533       5,483          529         761       1,165       2,183       1,137         479         270         450       1,202       2,045
  Coin                                             1,482          26          32          124          81         206         148         249          28          40         100         170         278
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans (1)                             6,967,787     162,477   3,581,958      163,844     217,985     435,952     511,751     388,744     110,764      72,244     115,621     335,194     871,252
  Net portfolio holdings of Commercial      
     Paper Funding Facility II LLC (2)             8,559           0       8,559            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Corporate       
    Credit Facilities LLC (2)                     45,378           0      45,378            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of MS                                                                                                                                                                           
    Facilities LLC (Main Street Lending                                                                                                                                                                  
    Program) (2)                                  40,893      40,893           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Municipal       
    Liquidity Facility LLC (2)                    16,550           0      16,550            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF II LLC (2)       11,762           0      11,762            0           0           0           0           0           0           0           0           0           0
  Central bank liquidity swaps (3)                 7,642         363       2,568          275         653       1,613         379         297         125          60          81          91       1,138
  Foreign currency denominated                                                                                                                                                                           
     assets (4)                                   21,780       1,034       7,322          784       1,861       4,596       1,080         846         357         171         230         259       3,242
  Other assets (5)                                39,193       2,480      17,551          960       1,285       2,722       2,952       2,216         765         494         920       2,090       4,759
  Interdistrict settlement account                     0  -   43,514  +  414,078   -   26,035  +   44,000  +   68,648  -  121,742  -   21,955  -   25,806  -   16,036  -   25,838  -   54,852  -  190,949
                                                                                                                                                                                                         
Total assets                                   7,177,265     164,292   4,111,241      140,480     266,626     514,903     396,751     371,534      86,713      57,241      91,564     284,154     691,764

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, October 21, 2020 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes, net                   1,993,797      62,029     665,649      55,835      93,862     134,220     279,885     128,627      59,148      33,045      54,853     167,773     258,871
  Reverse repurchase agreements (6)              187,435       4,209      97,046       4,276       5,864      11,747      13,813      10,469       2,961       1,771       2,981       9,033      23,263
  Deposits                                     4,831,715      56,731   3,255,867      78,626     163,104     359,801     100,393     230,229      23,616      21,548      33,016     106,142     402,642
    Depository institutions                    2,890,130      56,715   1,429,705      78,625     163,067     358,846     100,285     117,958      23,610      21,486      32,985     104,252     402,596
    U.S. Treasury, General Account             1,699,497           0   1,699,497           0           0           0           0           0           0           0           0           0           0
    Foreign official                              21,247           2      21,221           1           3           8           2           2           1           0           0           0           6
    Other (7)                                    220,841          14     105,445           0          34         947         105     112,269           5          61          30       1,890          40
  Earnings remittances due to the U.S.      
     Treasury (8)                                  1,587          35         826          35          55         113         114          85          22          11          20          70         202
  Treasury contributions to credit          
     facilities (9)                              114,000      39,000      75,000           0           0           0           0           0           0           0           0           0           0
  Other liabilities and accrued             
     dividends                                     9,508         457       3,681         299         360         842         750         592         237         538         274         473       1,005
                                                                                                                                                                                                        
Total liabilities                              7,138,042     162,460   4,098,070     139,072     263,246     506,724     394,955     370,001      85,984      56,913      91,143     283,490     685,983
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,398       1,508      10,878       1,162       2,797       6,738       1,458       1,268         616         275         349         583       4,765
  Surplus                                          6,825         324       2,294         246         583       1,441         338         265         112          53          72          81       1,016
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  7,177,265     164,292   4,111,241     140,480     266,626     514,903     396,751     371,534      86,713      57,241      91,564     284,154     691,764

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, October 21, 2020 (continued)


1.  Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight              
    securities lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between the
    purchase price and the face value of the securities that have not been amortized. For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, amortization is on an
    effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Loans includes primary, secondary, and
    seasonal loans and credit extended through the Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity Facility, and other credit        
    extensions.                                                                                                                                                                                         
2.  Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.                                 
3.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
4.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
5.  Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. Also includes Net portfolio       
    holdings of Maiden Lane LLC; refer to the note on consolidation for additional information.                                                                                                         
6.  Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
7.  Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
8.  Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
9.  Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10 billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, and          
    Municipal Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 billion, and credit protection in the Money Market Mutual Fund Liquidity Facility of $1.5 billion.                        
                                                                                                                                                                                                            



    Note on consolidation:                                                                                                                                                                                  
    The Federal Reserve Bank of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies under the authority of section 13(3) of the Federal       
    Reserve Act. On April 14, 2020, FRBNY began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC), a limited liability company formed to purchase three-month U.S           
    dollar-denominated commercial paper by eligible issuers. The assets of the CPFF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On
    May 12, 2020, FRBNY began extending loans to the Corporate Credit Facilities LLC (CCF LLC), a limited liability company formed to purchase eligible bonds or portions of syndicated loans or bonds at
    issuance through the Primary Market Corporate Credit Facility and to purchase eligible individual corporate bonds and exchange-traded funds through the Secondary Market Corporate Credit Facility. 
    The assets of the CCF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 5, 2020, FRBNY began extending loans to the
    Municipal Liquidity Facility LLC (MLF LLC), a limited liability company formed to purchase municipal notes from eligible issuers. The assets of the MLF LLC and the amount provided by U.S. Treasury
    as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 25, 2020, FRBNY began extending loans to the TALF II LLC, a special purpose vehicle that was formed to help   
    support the flow of credit to consumers and businesses. The assets of the TALF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the
    FRBNY. On July 15, 2020, the FRBB began extending loans to the MS Facilities LLC (Main Street Lending Program), a special purpose vehicle that was formed to help ensure credit flows to small and  
    medium-sized businesses and to eligible nonprofits. The assets of the MS Facilities LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are used to secure the loan from the
    FRBB.                                                                                                                                                                                               
    The FRBNY is the managing member of CPFF II LLC, CCF LLC, MLF LLC, and TALF II LLC. The FRBB is the managing member of MS Facilities LLC (Main Street Lending Program). Consistent with generally       
    accepted accounting principles, the assets and liabilities of each LLC have been accounted for and consolidated with the assets and liabilities of the FRBNY or FRBB, in the preparation of the     
    statements of condition shown on this release. As a consequence of the consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any balances held at the FRBNY for LLCs consolidated
    to FRBNY or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appears as assets on table 6 (and in table 1 and
    table 5), and the liabilities of the LLC to entities other than the FRBNY or FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this
    table (and table 1 and table 5). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on table 6 (and in table 1 and table 5).                        





7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Oct 21, 2020  

Federal Reserve notes outstanding                                                            2,143,901  
  Less: Notes held by F.R. Banks not subject to collateralization                              150,104  
    Federal Reserve notes to be collateralized                                               1,993,797  
Collateral held against Federal Reserve notes                                                1,993,797  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,977,560  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       6,560,360  
  Less: Face value of securities under reverse repurchase agreements                           178,332  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        6,382,028  

Note: Components may not sum to totals because of rounding.


1.  Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,        
    compensation to adjust for the effect of inflation on the original face value of inflation-indexed  
    securities, and cash value of repurchase agreements.                                                
2.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.