FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 February 6, 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   Feb 5, 2020 
Federal Reserve Banks                                      Feb 5, 2020 Jan 29, 2020  Feb 6, 2019              

Reserve Bank credit                                         4,119,939   +    4,731   +  133,606    4,128,065  
  Securities held outright (1)                              3,805,473   +   11,989   -   24,498    3,817,516  
    U.S. Treasury securities                                2,415,837   +   18,482   +  210,084    2,427,880  
      Bills (2)                                               236,820   +   13,930   +  236,820      247,536  
      Notes and bonds, nominal (2)                          2,024,338   +    3,333   -   45,058    2,025,475  
      Notes and bonds, inflation-indexed (2)                  129,245   +    1,240   +   14,476      129,451  
      Inflation compensation (3)                               25,434   -       21   +    3,846       25,418  
    Federal agency debt securities (2)                          2,347            0   -       62        2,347  
    Mortgage-backed securities (4)                          1,387,289   -    6,492   -  234,520    1,387,289  
  Unamortized premiums on securities held outright (5)        123,542   -      188   -   14,833      123,542  
  Unamortized discounts on securities held outright (5)       -13,308   -       14   -       39      -13,333  
  Repurchase agreements (6)                                   175,319   -    6,992   +  175,319      170,250  
  Loans                                                             6            0   -        9            1  
    Primary credit                                                  5   -        1   +        1            0  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 0            0   -       10            1  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     0            0            0            0  
  Float                                                          -344   -      159   -      101         -104  
  Central bank liquidity swaps (8)                                 48   -        3   -       18           48  
  Other Federal Reserve assets (9)                             29,203   +       99   -    2,215       30,145  
Foreign currency denominated assets (10)                       20,620   +      108   -      369       20,453  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,176   +       14   +      379       50,176  
                                                                                                              
Total factors supplying reserve funds                       4,206,977   +    4,854   +  133,618    4,214,936  

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   Feb 5, 2020 
Federal Reserve Banks                                      Feb 5, 2020 Jan 29, 2020  Feb 6, 2019              

Currency in circulation (11)                                 1,792,655   +      417   +   89,283    1,794,675 
Reverse repurchase agreements (12)                             244,544   +    8,921   -   12,423      239,163 
  Foreign official and international accounts                  240,255   +    6,519   -   15,116      235,051 
  Others                                                         4,289   +    2,402   +    2,693        4,112 
Treasury cash holdings                                             219   +       11   -       41          228 
Deposits with F.R. Banks, other than reserve balances          480,775   -   32,331   +   60,261      484,389 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               413,322   -   18,739   +   60,947      416,585 
  Foreign official                                               5,182   +        2   -       62        5,183 
  Other (13)                                                    62,270   -   13,594   -      626       62,621 
Other liabilities and capital (14)                              43,768   -      838   +       76       43,607 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,561,960   -   23,821   +  137,154    2,562,063 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,645,016   +   28,674   -    3,537    1,652,873 

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.  Refer to the note on consolidation accompanying table 5.                                                
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 accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
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. 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   Feb 5, 2020 
                                                           Feb 5, 2020 Jan 29, 2020  Feb 6, 2019              

Securities held in custody for foreign official and       
     international accounts                                  3,426,345   -    8,028   -      572    3,435,564 
  Marketable U.S. Treasury securities (1)                    2,979,721   -    5,763   -   57,404    2,989,080 
  Federal agency debt and mortgage-backed securities (2)       364,874   -      333   +   45,629      364,953 
  Other securities (3)                                          81,750   -    1,931   +   11,204       81,531 
Securities lent to dealers                                      31,429   +    2,731   +    8,977       34,868 
  Overnight facility (4)                                        31,429   +    2,731   +    8,977       34,868 
    U.S. Treasury securities                                    31,429   +    2,731   +    8,977       34,868 
    Federal agency debt securities                                   0            0            0            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 4, and 5.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           






2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, February 5, 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                                            0             1             0             0             0           ...             1 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  53,364       115,176       378,638       917,955       319,329       643,419     2,427,880 
  Weekly changes                        +   25,098    -   20,026    +      105    +    9,736    +    3,731    +      129    +   18,772 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0             0             0         1,151         1,196         2,347 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             1             4         1,394        71,691     1,314,200     1,387,289 
  Weekly changes                                 0    +        1    +        1    +      245    +      815    -    1,060    +        1 
Repurchase agreements (4)                  170,250             0           ...           ...           ...           ...       170,250 
Central bank liquidity swaps (5)                48             0             0             0             0             0            48 
                                                                                                                                       
Reverse repurchase agreements (4)          239,163             0           ...           ...           ...           ...       239,163 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  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.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  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   
                                                                                                                       Feb 5, 2020  

Mortgage-backed securities held outright (1)                                                                             1,387,289  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            7,770  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    2  



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. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 4       
    and table 5.                                                                                        







4. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Feb 5, 2020   Wednesday    Wednesday  
                                                        consolidation                Jan 29, 2020  Feb 6, 2019 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,772   +        5   -       39  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,097,977   +   13,854   +  143,007  
    Securities held outright (1)                                          3,817,516   +   18,773   -   12,414  
      U.S. Treasury securities                                            2,427,880   +   18,772   +  222,167  
        Bills (2)                                                           247,536   +   15,002   +  247,536  
        Notes and bonds, nominal (2)                                      2,025,475   +    2,354   -   43,921  
        Notes and bonds, inflation-indexed (2)                              129,451   +    1,446   +   14,682  
        Inflation compensation (3)                                           25,418   -       30   +    3,870  
      Federal agency debt securities (2)                                      2,347            0   -       62  
      Mortgage-backed securities (4)                                      1,387,289   +        1   -  234,520  
    Unamortized premiums on securities held outright  
    (5)                                                                     123,542   +       15   -   14,739  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,333   -       27   -       75  
    Repurchase agreements (6)                                               170,250   -    4,875   +  170,250  
    Loans                                                                         1   -       33   -       15  
  Net portfolio holdings of Maiden Lane LLC (7)                                   0            0            0  
  Items in process of collection                                   (0)           76   +       22   +       10  
  Bank premises                                                               2,193   -       17   -        6  
  Central bank liquidity swaps (8)                                               48   -        3   -       18  
  Foreign currency denominated assets (9)                                    20,453   -       46   -      441  
  Other assets (10)                                                          27,952   +    1,263   -    2,156  
                                                                                                               
Total assets                                                       (0)    4,166,707   +   15,077   +  140,357  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





4. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Feb 5, 2020   Wednesday    Wednesday  
                                                        consolidation                Jan 29, 2020  Feb 6, 2019 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,746,494   +    1,897   +   88,883 
  Reverse repurchase agreements (11)                                         239,163   +    5,759   -    9,067 
  Deposits                                                          (0)    2,137,263   +    8,499   +   60,600 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,652,873   +   40,650   -    5,990 
    U.S. Treasury, General Account                                           416,585   -   33,952   +   62,689 
    Foreign official                                                           5,183   +        2   -       61 
    Other (12)                                                      (0)       62,621   +    1,798   +    3,961 
  Deferred availability cash items                                  (0)          180   -      549   -       77 
  Other liabilities and accrued dividends (13)                                 5,105   -      508   +      667 
                                                                                                               
Total liabilities                                                   (0)    4,128,205   +   15,097   +  141,005 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,677   -       20   -      649 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,502   -       20   -      649 

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.  Refer to the note on consolidation accompanying table 5.                                                
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.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. 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.                   
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



5. Statement of Condition of Each Federal Reserve Bank, February 5, 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 certificate account                        11,037         351       3,707          327         531         754       1,560         711         328         186         292         890       1,400
  Special drawing rights certificate acct.         5,200         196       1,818          210         237         412         654         424         150          90         153         282         574
  Coin                                             1,772          43          54          157         100         236         178         286          36          51         120         207         304
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,097,977      85,017   2,235,736       99,239     119,896     250,781     280,191     215,109      58,899      35,461      60,766     177,939     478,942
    Securities held outright (1)               3,817,516      79,199   2,082,725       92,447     111,691     233,618     261,015     200,387      54,868      33,034      56,608     165,761     446,164
      U.S. Treasury securities                 2,427,880      50,369   1,324,580       58,795      71,034     148,578     166,002     127,443      34,895      21,009      36,002     105,421     283,753
        Bills (2)                                247,536       5,135     135,048        5,994       7,242      15,148      16,925      12,994       3,558       2,142       3,671      10,748      28,930
        Notes and bonds (3)                    2,180,344      45,234   1,189,532       52,801      63,791     133,429     149,077     114,449      31,337      18,867      32,331      94,673     254,823
      Federal agency debt securities (2)           2,347          49       1,280           57          69         144         160         123          34          20          35         102         274
      Mortgage-backed securities (4)           1,387,289      28,781     756,864       33,595      40,589      84,897      94,853      72,821      19,939      12,005      20,571      60,238     162,136
    Unamortized premiums on securities held 
      outright (5)                               123,542       2,563      67,401        2,992       3,615       7,560       8,447       6,485       1,776       1,069       1,832       5,364      14,439
    Unamortized discounts on securities     
      held outright (5)                          -13,333        -277      -7,274         -323        -390        -816        -912        -700        -192        -115        -198        -579      -1,558
    Repurchase agreements (6)                    170,250       3,532      92,883        4,123       4,981      10,419      11,641       8,937       2,447       1,473       2,525       7,392      19,898
    Loans                                              1           0           0            0           0           0           0           1           0           0           0           0           0
  Net portfolio holdings of Maiden                                                                                                                                                                       
     Lane LLC (7)                                      0           0           0            0           0           0           0           0           0           0           0           0           0
  Items in process of collection                      76           0           0            0           0           0          75           0           0           1           0           0           0
  Bank premises                                    2,193         105         454           91         117         191         202         192         102          93         228         222         196
  Central bank liquidity swaps (8)                    48           2          15            3           4          10           3           2           1           0           0           1           7
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,453         881       6,492        1,182       1,633       4,361       1,189         854         312          97         198         253       3,002
  Other assets (10)                               27,952         598      14,757          672         838       1,951       1,892       1,439         516         308         509       1,241       3,230
  Interdistrict settlement account                     0  +   10,484  -   60,623   -   12,806  +    8,703  -    6,172  +   22,703  +    4,844  +    8,590  +    3,681  +    6,238  +   22,008  -    7,651
                                                                                                                                                                                                         
Total assets                                   4,166,707      97,676   2,202,410       89,074     132,059     252,525     308,648     223,863      68,934      39,968      68,504     203,043     480,005

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Statement of Condition of Each Federal Reserve Bank, February 5, 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 outstanding            1,958,571      60,819     642,988      57,489      93,786     134,241     273,647     126,673      59,429      32,059      54,155     163,965     259,319
    Less: Notes held by F.R. Banks               212,077       6,241      51,572       8,917      10,145      17,059      33,082      13,499       5,286       3,055       7,137      19,998      36,086
      Federal Reserve notes, net               1,746,494      54,578     591,416      48,573      83,641     117,183     240,565     113,174      54,142      29,004      47,018     143,967     223,233
  Reverse repurchase agreements (11)             239,163       4,962     130,481       5,792       6,997      14,636      16,352      12,554       3,437       2,070       3,546      10,385      27,952
  Deposits                                     2,137,263      36,135   1,465,406      33,138      37,921     112,060      49,400      96,311      10,556       8,331      17,358      47,983     222,663
    Term deposits held by depository        
        institutions                                   0           0           0           0           0           0           0           0           0           0           0           0           0
    Other deposits held by depository       
        institutions                           1,652,873      36,109   1,020,306      33,136      37,842     111,816      49,366      57,575      10,553       8,279      17,325      47,910     222,657
    U.S. Treasury, General Account               416,585           0     416,585           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,183           2       5,155           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    62,621          24      23,360           0          75         235          32      38,734           2          51          33          73           1
  Deferred availability cash items                   180           0           0           0           0           0          69           0           0         111           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,082          15         591          26          34          26          98          52          30          15          20          56         119
  Other liabilities and accrued             
     dividends                                     4,023         158       1,569         158         174         489         268         277         136         137         155         195         309
                                                                                                                                                                                                        
Total liabilities                              4,128,205      95,847   2,189,463      87,687     128,767     244,394     306,752     222,367      68,302      39,667      68,098     202,585     474,275
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,677       1,505      10,653       1,141       2,708       6,690       1,557       1,231         520         248         334         377       4,713
  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                  4,166,707      97,676   2,202,410      89,074     132,059     252,525     308,648     223,863      68,934      39,968      68,504     203,043     480,005

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Statement of Condition of Each Federal Reserve Bank, February 5, 2020 (continued)


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.                                                                                                 
2.  Face value of the securities.                                                                                                                                                                           
3.  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such 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.  Refer to the 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.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.                                                                                   
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
12. 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.                                                                                                          
13. 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.                                                                         
                                                                                                                                                                                                            


Note on consolidation:


On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and minimize disruption to financial markets. On June 14, 2012, the
remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan
Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual returns and could have absorbed any residual losses should they
have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the assets and liabilities of FRBNY in the preparation of the
statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was eliminated, the net assets of ML appeared as assets on the
previous page (and in table 1 and table 4), and the liabilities of ML to entities other than FRBNY, including those with recourse only to the ML portfolio holdings, were included in other
liabilities in this table (and table 1 and table 4).
                                                                                                                                        



6. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Feb 5, 2020  

Federal Reserve notes outstanding                                                            1,958,571  
  Less: Notes held by F.R. Banks not subject to collateralization                              212,077  
    Federal Reserve notes to be collateralized                                               1,746,494  
Collateral held against Federal Reserve notes                                                1,746,494  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,730,257  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,987,766  
  Less: Face value of securities under reverse repurchase agreements                           234,548  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,753,218  

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.