FEDERAL RESERVE statistical release

For Release at
4:30 P.M. Eastern time
July 2, 2020

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks," has been modified to include information related to TALF II LLC.
The TALF II LLC was introduced on the H.4.1 cover note on June 18, 2020
https://www.federalreserve.gov/releases/h41/current/. On June 25, 2020, the TALF II LLC began extending eligible loans under the Term Asset-Backed
Securities Loan Facility to facilitate the issuance of asset-based securities. The Federal Reserve Bank of New
York extended credit to the TALF II LLC under the authority of section 13(3) of the Federal Reserve Act, with
approval of the Treasury Secretary.                                                                         
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     July 2, 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   Jul 1, 2020 
Federal Reserve Banks                                      Jul 1, 2020 Jun 24, 2020  Jul 3, 2019              

Reserve Bank credit                                         6,975,799   -   33,865   +3,194,104    6,969,543  
  Securities held outright (1)                              6,118,251   +    3,121   +2,479,253    6,126,948  
    U.S. Treasury securities                                4,204,541   +   21,173   +2,100,616    4,213,220  
      Bills (2)                                               326,044            0   +  326,039      326,044  
      Notes and bonds, nominal (2)                          3,576,089   +   19,375   +1,612,248    3,581,139  
      Notes and bonds, inflation-indexed (2)                  266,682   +    2,130   +  150,166      270,206  
      Inflation compensation (3)                               35,726   -      332   +   12,164       35,831  
    Federal agency debt securities (2)                          2,347            0            0        2,347  
    Mortgage-backed securities (4)                          1,911,363   -   18,052   +  378,637    1,911,381  
  Unamortized premiums on securities held outright (5)        313,578   +    1,395   +  182,706      314,324  
  Unamortized discounts on securities held outright (5)        -5,296   +       44   +    7,587       -5,345  
  Repurchase agreements (6)                                    75,379   +    2,250   +   75,379       61,201  
    Foreign official                                              144   +      144   +      144        1,001  
    Others                                                     75,236   +    2,107   +   75,236       60,200  
  Loans                                                        96,886   +    2,928   +   96,785       97,133  
    Primary credit                                              5,877   -    1,246   +    5,859        5,860  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                13   +        1   -       70           16  
    Primary Dealer Credit Facility                              2,616   -    1,364   +    2,616        2,486  
    Money Market Mutual Fund Liquidity Facility                21,617   -    1,851   +   21,617       20,637  
    Paycheck Protection Program Liquidity Facility             66,763   +    7,389   +   66,763       68,133  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Commercial Paper Funding      
    Facility II LLC (7)                                        12,799   +        2   +   12,799       12,799  
  Net portfolio holdings of Corporate Credit Facilities   
  LLC (7)                                                      41,359   +    1,403   +   41,359       41,940  
  Net portfolio holdings of MS Facilities LLC (Main       
    Street Lending Program) (7)                                37,502   +    4,822   +   37,502       37,502  
  Net portfolio holdings of Municipal Liquidity           
  Facility LLC (7)                                             16,080   +        1   +   16,080       16,081  
  Net portfolio holdings of TALF II LLC (7)                     8,753   +    1,467   +    8,753        8,753  
  Float                                                          -497   -      314   +      104         -756  
  Central bank liquidity swaps (8)                            226,803   -   49,894   +  226,786      225,414  
  Other Federal Reserve assets (9)                             34,203   -    1,091   +    9,011       33,548  
Foreign currency denominated assets (10)                       20,880   -       40   -      119       20,984  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,401   +       14   +      471       50,401  
                                                                                                              
Total factors supplying reserve funds                       7,063,322   -   33,891   +3,194,456    7,057,170  

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   Jul 1, 2020 
Federal Reserve Banks                                      Jul 1, 2020 Jun 24, 2020  Jul 3, 2019              

Currency in circulation (11)                                 1,967,221   +    5,925   +  221,945    1,971,855 
Reverse repurchase agreements (12)                             220,099   -    3,666   -   91,598      227,236 
  Foreign official and international accounts                  219,842   -    3,919   -   66,061      227,234 
  Others                                                           258   +      254   -   25,536            2 
Treasury cash holdings                                              65   -       15   -      117           63 
Deposits with F.R. Banks, other than reserve balances        1,830,734   -      431   +1,520,847    1,834,890 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                             1,657,620   +   33,678   +1,412,314    1,656,747 
  Foreign official                                              16,217   -       10   +   10,972       16,223 
  Other (13)                                                   156,897   -   34,100   +   97,561      161,920 
Treasury contributions to credit facilities (14)               114,000            0   +  114,000      114,000 
Other liabilities and capital (15)                              46,383   -    1,767   +    1,055       45,930 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  4,178,503   +       46   +1,766,133    4,193,973 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,884,819   -   33,937   +1,428,323    2,863,196 

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   Jul 1, 2020 
                                                           Jul 1, 2020 Jun 24, 2020  Jul 3, 2019              

Securities held in custody for foreign official and       
     international accounts                                  3,414,046   -   15,834   -   34,908    3,405,803 
  Marketable U.S. Treasury securities (1)                    2,960,292   -    8,591   -   64,728    2,952,343 
  Federal agency debt and mortgage-backed securities (2)       368,762   -    7,123   +   22,749      368,711 
  Other securities (3)                                          84,993   -      120   +    7,072       84,748 
Securities lent to dealers                                      28,178   -    1,021   -    3,179       33,561 
  Overnight facility (4)                                        28,178   -    1,021   -    3,179       33,561 
    U.S. Treasury securities                                    28,178   -    1,021   -    3,179       33,561 
    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, July 1, 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)                                    7,581        14,148         7,271        68,133             0           ...        97,133 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                  64,471       250,820       635,460     1,597,928       732,150       932,391     4,213,220 
  Weekly changes                        +      143    -   23,188    +   30,338    +    5,481    -    3,733    +    6,774    +   15,816 
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         2,175        79,401     1,829,799     1,911,381 
  Weekly changes                                 0             0             0    -       91    -    1,307    -   30,663    -   32,060 
Commercial paper held by Commercial                                                                                                    
  Paper Funding Facility II LLC (5)          2,419         1,833             0           ...           ...           ...         4,252 
Loan participations held by MS                                                                                                         
  Facilities LLC (Main Street Lending                                                                                                   
  Program) (6)                                   0             0             0             0           ...           ...             0 
Municipal notes held by Municipal                                                                                                      
  Liquidity Facility LLC (7)                     0             0         1,200             0           ...           ...         1,200 
Loans held by TALF II LLC (8)                    0             0             0           252           ...           ...           252 
Repurchase agreements (9)                   61,201             0           ...           ...           ...           ...        61,201 
Central bank liquidity swaps (10)          135,122        90,292             0             0             0             0       225,414 
Reverse repurchase agreements (9)          227,236             0           ...           ...           ...           ...       227,236 
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   
                                                                                                                       Jul 1, 2020  

Mortgage-backed securities held outright (1)                                                                             1,911,381  
  Residential mortgage-backed securities                                                                                 1,902,207  
  Commercial mortgage-backed securities                                                                                      9,174  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                          101,821  
Commitments to sell mortgage-backed securities (2)                                                                             167  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   16  



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 Jul 1, 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                         4,243        4,252        8,547       12,799 
Corporate Credit Facilities LLC                                  9,673       10,006       31,934       41,940 
MS Facilities LLC (Main Street Lending Program)                      0            0       37,502       37,502 
Municipal Liquidity Facility LLC                                 1,200        1,200       14,881       16,081 
TALF II LLC                                                        252          252        8,501        8,753 

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        Jul 1, 2020   Wednesday    Wednesday  
                                                        consolidation                Jun 24, 2020  Jul 3, 2019 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,475   +       20   -      201  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     6,594,261   -   23,029   +2,845,806  
    Securities held outright (1)                                          6,126,948   -   16,245   +2,496,482  
      U.S. Treasury securities                                            4,213,220   +   15,816   +2,117,827  
        Bills (2)                                                           326,044            0   +  326,039  
        Notes and bonds, nominal (2)                                      3,581,139   +   10,215   +1,625,869  
        Notes and bonds, inflation-indexed (2)                              270,206   +    5,654   +  153,690  
        Inflation compensation (3)                                           35,831   -       53   +   12,230  
      Federal agency debt securities (2)                                      2,347            0            0  
      Mortgage-backed securities (4)                                      1,911,381   -   32,060   +  378,655  
    Unamortized premiums on securities held outright  
    (5)                                                                     314,324   +      470   +  183,565  
    Unamortized discounts on securities held outright 
    (5)                                                                      -5,345   -       26   +    7,529  
    Repurchase agreements (6)                                                61,201   -    9,000   +   61,201  
    Loans (7)                                                                97,133   +    1,773   +   97,028  
  Net portfolio holdings of Commercial Paper          
    Funding Facility II LLC (8)                                              12,799   +        1   +   12,799  
  Net portfolio holdings of Corporate Credit          
  Facilities LLC (8)                                                         41,940   +    1,323   +   41,940  
  Net portfolio holdings of MS Facilities LLC (Main   
    Street Lending Program) (8)                                              37,502            0   +   37,502  
  Net portfolio holdings of Municipal Liquidity       
  Facility LLC (8)                                                           16,081   +        1   +   16,081  
  Net portfolio holdings of TALF II LLC (8)                                   8,753   +      253   +    8,753  
  Items in process of collection                                   (0)           46   -       27   -       53  
  Bank premises                                                               2,193   -        9   +        8  
  Central bank liquidity swaps (9)                                          225,414   -   49,549   +  225,397  
  Foreign currency denominated assets (10)                                   20,984   +       26   +       67  
  Other assets (11)                                                          31,355   -    2,273   +    7,744  
                                                                                                               
Total assets                                                       (0)    7,009,040   -   73,262   +3,195,842  

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        Jul 1, 2020   Wednesday    Wednesday  
                                                        consolidation                Jun 24, 2020  Jul 3, 2019 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,922,987   +    7,880   +  220,216 
  Reverse repurchase agreements (12)                                         227,236   +    6,874   -   69,616 
  Deposits                                                          (0)    4,698,086   -   87,951   +2,930,273 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,863,196   -   74,461   +1,377,983 
    U.S. Treasury, General Account                                         1,656,747   +   70,174   +1,435,836 
    Foreign official                                                          16,223   +        1   +   10,978 
    Other (13)                                                      (0)      161,920   -   83,666   +  105,475 
  Deferred availability cash items                                  (0)          801   +      516   +      217 
  Treasury contributions to credit facilities (14)                           114,000            0   +  114,000 
  Other liabilities and accrued dividends (15)                                 7,084   -      515   +    1,134 
                                                                                                               
Total liabilities                                                   (0)    6,970,195   -   73,196   +3,196,224 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,020   -       66   -      382 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,845   -       66   -      382 

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, July 1, 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                                             1,475          28          39          125          84         205         151         244          27          39          90         166         276
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans (1)                             6,594,261     169,144   3,382,119      154,725     205,162     413,023     483,168     367,502     104,688      66,023     109,821     315,962     822,925
  Net portfolio holdings of Commercial      
     Paper Funding Facility II LLC (2)            12,799           0      12,799            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Corporate       
    Credit Facilities LLC (2)                     41,940           0      41,940            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of MS                                                                                                                                                                           
    Facilities LLC (Main Street Lending                                                                                                                                                                  
    Program) (2)                                  37,502      37,502           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Municipal       
    Liquidity Facility LLC (2)                    16,081           0      16,081            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF II LLC (2)        8,753           0       8,753            0           0           0           0           0           0           0           0           0           0
  Central bank liquidity swaps (3)               225,414      10,700      75,754        8,112      19,263      47,578      11,180       8,754       3,695       1,765       2,377       2,676      33,562
  Foreign currency denominated                                                                                                                                                                           
     assets (4)                                   20,984         991       7,118          752       1,785       4,408       1,036         811         342         164         220         248       3,110
  Other assets (5)                                33,594       2,385      14,695          819       1,117       2,384       2,536       1,910         685         457         817       1,718       4,070
  Interdistrict settlement account                     0  -   45,764  +  425,910   -   16,392  +   20,258  -   60,098  -   98,567  -   18,068  -   23,157  -   12,520  -   20,454  -   27,055  -  124,093
                                                                                                                                                                                                         
Total assets                                   7,009,040     175,520   3,990,690      148,669     248,429     408,664     401,687     362,290      86,759      56,197      93,321     294,917     741,895

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, July 1, 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                   1,922,987      58,025     646,440      54,800      86,857     124,358     265,194     125,953      58,451      30,742      52,799     163,558     255,810
  Reverse repurchase agreements (6)              227,236       5,103     117,653       5,184       7,110      14,242      16,746      12,692       3,590       2,148       3,614      10,951      28,203
  Deposits                                     4,698,086      71,255   3,135,391      87,058     150,900     261,246     117,364     221,709      23,899      22,054      36,291     119,421     451,497
    Depository institutions                    2,863,196      71,232   1,394,991      87,057     150,851     260,507     117,244     130,849      23,895      21,964      35,533     117,582     451,491
    U.S. Treasury, General Account             1,656,747           0   1,656,747           0           0           0           0           0           0           0           0           0           0
    Foreign official                              16,223           2      16,196           1           3           8           2           2           1           0           0           0           6
    Other (7)                                    161,920          21      67,457           0          46         731         118      90,858           4          90         757       1,838           0
  Earnings remittances due to the U.S.      
     Treasury (8)                                    697          25         307          16          22          66          63          38          15          11           7          34          93
  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                                     7,189         282       2,892         204         242         567         480         384         168         918         195         302         557
                                                                                                                                                                                                        
Total liabilities                              6,970,195     173,690   3,977,683     147,263     245,130     400,478     399,849     360,775      86,124      55,872      92,905     294,265     736,159
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,020       1,506      10,714       1,161       2,715       6,745       1,499       1,250         523         272         344         571       4,719
  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                  7,009,040     175,520   3,990,690     148,669     248,429     408,664     401,687     362,290      86,759      56,197      93,321     294,917     741,895

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, July 1, 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) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On April 14, 2020,
FRBNY began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC), a limited liability company formed to purchase three-month U.S dollar-denominated commercial paper by
eligible issuers. The assets of the CPFF II LLC 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.                                                                                                                                                                                    
The FRBNY is the managing member of CPFF II LLC, CCF LLC, MLF LLC, and TALF II LLC. The Federal Reserve Bank of Boston (FRBB) is the managing member of MS Facilities LLC (Main Street Lending
Program). Consistent with generally accepted accounting principles, the assets and liabilities of each LLC have been accounted for and consolidated with the assets and liabilities of the
FRBNY or FRBB, in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any
balances held at the FRBNY for LLCs consolidated to FRBNY or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the
LLC appears as assets on table 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   
                                                                                           Jul 1, 2020  

Federal Reserve notes outstanding                                                            2,076,372  
  Less: Notes held by F.R. Banks not subject to collateralization                              153,385  
    Federal Reserve notes to be collateralized                                               1,922,987  
Collateral held against Federal Reserve notes                                                1,922,987  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,906,750  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       6,188,149  
  Less: Face value of securities under reverse repurchase agreements                           214,552  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        5,973,597  

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.