FEDERAL RESERVE statistical release

For Release at
4:30 P.M. Eastern time
April 23, 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 Paycheck
Protection Program Liquidity Facility (PPPLF). The Federal Reserve established the PPPLF to facilitate lending to
small businesses via the Small Business Administration's Paycheck Protection Program (PPP). Information for
the facility is presented in tables 1, 2, 4, and 5.                                                         

The PPPLF program was announced by the Federal Reserve on April 9, 2020, and began operations on April 16,
2020. The PPPLF program will extend credit to eligible financial institutions that originate PPP loans, taking
the loans as collateral at face value.                                                                      

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   April 23, 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  Apr 22, 2020 
Federal Reserve Banks                                     Apr 22, 2020 Apr 15, 2020 Apr 24, 2019              

Reserve Bank credit                                         6,451,209   +  255,189   +2,559,091    6,534,516  
  Securities held outright (1)                              5,451,772   +  256,233   +1,709,940    5,534,186  
    U.S. Treasury securities                                3,863,557   +  146,143   +1,710,063    3,909,352  
      Bills (2)                                               326,044            0   +  326,044      326,044  
      Notes and bonds, nominal (2)                          3,271,573   +  130,986   +1,255,099    3,314,644  
      Notes and bonds, inflation-indexed (2)                  231,192   +   13,948   +  116,048      233,692  
      Inflation compensation (3)                               34,749   +    1,210   +   12,872       34,972  
    Federal agency debt securities (2)                          2,347            0            0        2,347  
    Mortgage-backed securities (4)                          1,585,868   +  110,090   -      122    1,622,487  
  Unamortized premiums on securities held outright (5)        271,013   +   20,685   +  136,333      278,037  
  Unamortized discounts on securities held outright (5)        -6,443   +      680   +    6,566       -6,128  
  Repurchase agreements (6)                                   171,508   -   30,088   +  171,508      157,500  
    Foreign official                                                1            0   +        1            0  
    Others                                                    171,507   -   30,089   +  171,507      157,500  
  Loans                                                       118,841   -    9,763   +  118,818      122,088  
    Primary credit                                             34,953   -    6,081   +   34,946       33,742  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 0            0   -       16            0  
    Primary Dealer Credit Facility                             31,266   -    4,324   +   31,266       31,526  
    Money Market Mutual Fund Liquidity Facility                49,646   -    2,298   +   49,646       48,810  
    Paycheck Protection Program Liquidity Facility              2,977   +    2,977   +    2,977        8,009  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Commercial Paper Funding      
    Facility II LLC (7)                                         2,516   +    2,375   +    2,516        2,732  
  Float                                                          -204   +       62   -       62         -306  
  Central bank liquidity swaps (8)                            406,272   +   13,209   +  406,217      409,712  
  Other Federal Reserve assets (9)                             35,935   +    1,798   +    7,256       36,694  
Foreign currency denominated assets (10)                       20,458   -       57   -      108       20,405  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,261   +       14   +      372       50,261  
                                                                                                              
Total factors supplying reserve funds                       6,538,169   +  255,146   +2,559,355    6,621,424  

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  Apr 22, 2020 
Federal Reserve Banks                                     Apr 22, 2020 Apr 15, 2020 Apr 24, 2019              

Currency in circulation (11)                                 1,890,915   +    5,971   +  163,716    1,895,994 
Reverse repurchase agreements (12)                             290,604   +    6,140   +   31,588      289,292 
  Foreign official and international accounts                  281,882   +    3,311   +   25,449      278,467 
  Others                                                         8,722   +    2,829   +    6,139       10,825 
Treasury cash holdings                                             301   -        6   -       31          297 
Deposits with F.R. Banks, other than reserve balances        1,186,593   +   52,188   +  745,411    1,272,433 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               901,331   +   11,516   +  522,729      949,999 
  Foreign official                                              16,293   -       59   +   11,018       16,303 
  Other (13)                                                   268,969   +   40,732   +  211,664      306,130 
Other liabilities and capital (14)                              66,251   +    6,389   +   20,597       63,428 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  3,434,665   +   70,683   +  961,282    3,521,444 
                                                                                                              
Reserve balances with Federal Reserve Banks                  3,103,504   +  184,463   +1,598,074    3,099,980 

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 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. 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  Apr 22, 2020 
                                                          Apr 22, 2020 Apr 15, 2020 Apr 24, 2019              

Securities held in custody for foreign official and       
     international accounts                                  3,320,189   +    2,021   -  132,128    3,320,905 
  Marketable U.S. Treasury securities (1)                    2,851,587   +    4,530   -  194,861    2,853,978 
  Federal agency debt and mortgage-backed securities (2)       385,809   -    2,401   +   51,926      384,086 
  Other securities (3)                                          82,793   -      107   +   10,807       82,841 
Securities lent to dealers                                      35,893   +    1,297   +    8,831       36,556 
  Overnight facility (4)                                        35,893   +    1,297   +    8,831       36,556 
    U.S. Treasury securities                                    35,893   +    1,297   +    8,831       36,556 
    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, April 22, 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)                                   15,559        81,103        17,417         8,009             0           ...       122,088 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                  58,869       243,599       528,185     1,536,392       659,309       882,997     3,909,352 
  Weekly changes                        +      225    +   18,564    +      584    +   43,056    +   38,054    +   20,010    +  120,494 
Federal agency debt securities (3)                                                                                                     
  Holdings                                       0             0             0             0         1,151         1,196         2,347 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             5         1,911        77,338     1,543,233     1,622,487 
  Weekly changes                                 0             0             0    +      215    +    3,976    +   50,124    +   54,316 
Commercial paper held by Commercial                                                                                                    
  Paper Funding Facility II LLC (5)              0         2,710             0           ...           ...           ...         2,710 
Repurchase agreements (6)                    7,800       149,700           ...           ...           ...           ...       157,500 
Central bank liquidity swaps (7)            24,501       385,212             0             0             0             0       409,712 
Reverse repurchase agreements (6)          289,292             0           ...           ...           ...           ...       289,292 
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 loan from the Federal Reserve Bank of New  
    York (FRBNY) to Commercial Paper Funding Facility II LLC, which was eliminated when preparing the   
    FRBNY's statement of condition 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.  Face value of commercial paper held by Commercial Paper Funding Facility II LLC.                        
6.  Cash value of agreements.                                                                               
7.  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   
                                                                                                                      Apr 22, 2020  

Mortgage-backed securities held outright (1)                                                                             1,622,487  
  Residential mortgage-backed securities                                                                                 1,615,615  
  Commercial mortgage-backed securities                                                                                      6,872  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                          263,013  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Includes residential and commercial mortgage-backed securities. Residential         
    mortgage-backed securities generally settle within 180 calendar days and include commitments associated
    with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities   
    generally settle within three business days.                                                        
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 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       Apr 22, 2020   Wednesday    Wednesday  
                                                        consolidation                Apr 15, 2020 Apr 24, 2019 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,636   -       20   -       43  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     6,085,683   +  169,420   +2,224,872  
    Securities held outright (1)                                          5,534,186   +  174,810   +1,794,902  
      U.S. Treasury securities                                            3,909,352   +  120,494   +1,755,808  
        Bills (2)                                                           326,044            0   +  326,044  
        Notes and bonds, nominal (2)                                      3,314,644   +  108,500   +1,298,170  
        Notes and bonds, inflation-indexed (2)                              233,692   +   11,000   +  118,548  
        Inflation compensation (3)                                           34,972   +      994   +   13,046  
      Federal agency debt securities (2)                                      2,347            0            0  
      Mortgage-backed securities (4)                                      1,622,487   +   54,316   +   39,094  
    Unamortized premiums on securities held outright  
    (5)                                                                     278,037   +   15,703   +  143,544  
    Unamortized discounts on securities held outright 
    (5)                                                                      -6,128   +      768   +    6,870  
    Repurchase agreements (6)                                               157,500   -   23,600   +  157,500  
    Loans (7)                                                               122,088   +    1,739   +  122,056  
  Net portfolio holdings of Commercial Paper          
    Funding Facility II LLC (8)                                               2,732   +    1,758   +    2,732  
  Items in process of collection                                   (0)           35            0   -       23  
  Bank premises                                                               2,207   +        4   +        3  
  Central bank liquidity swaps (9)                                          409,712   +   31,421   +  409,657  
  Foreign currency denominated assets (10)                                   20,405   -      120   -      122  
  Other assets (11)                                                          34,487   +    2,784   +    7,785  
                                                                                                               
Total assets                                                       (0)    6,573,136   +  205,249   +2,644,863  

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       Apr 22, 2020   Wednesday    Wednesday  
                                                        consolidation                Apr 15, 2020 Apr 24, 2019 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,847,662   +    8,363   +  166,961 
  Reverse repurchase agreements (12)                                         289,292   +    9,708   +   18,892 
  Deposits                                                          (0)    4,372,413   +  198,561   +2,440,750 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         3,099,980   +   30,106   +1,627,168 
    U.S. Treasury, General Account                                           949,999   +   93,844   +  551,083 
    Foreign official                                                          16,303   -       44   +   11,059 
    Other (13)                                                      (0)      306,130   +   74,655   +  251,438 
  Deferred availability cash items                                  (0)          341   -       55   +       71 
  Other liabilities and accrued dividends (14)                                24,597   -   11,327   +   18,669 
                                                                                                               
Total liabilities                                                   (0)    6,534,304   +  205,249   +2,645,341 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,006   -        1   -      480 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,831   -        1   -      480 

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.  Refer to the note on consolidation accompanying table 5.                                                
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. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



5. Statement of Condition of Each Federal Reserve Bank, April 22, 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                                             1,636          38          48          150          90         221         159         273          27          50         108         183         290
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans (1)                             6,085,683     184,102   3,140,694      136,569     186,979     374,819     440,651     338,372      94,803      56,860      96,544     289,388     745,902
  Net portfolio holdings of Commercial      
     Paper Funding Facility II LLC (2)             2,732           0       2,732            0           0           0           0           0           0           0           0           0           0
  Central bank liquidity swaps (3)               409,712      19,448     137,689       14,744      35,012      86,477      20,320      15,911       6,716       3,208       4,321       4,864      61,002
  Foreign currency denominated                                                                                                                                                                           
     assets (4)                                   20,405         968       6,859          734       1,744       4,306       1,012         792         334         160         215         242       3,038
  Other assets (5)                                36,729         933      17,805          886       1,213       2,599       2,750       2,079         728         465         866       1,962       4,444
  Interdistrict settlement account                     0  -   66,555  +  411,279   -   11,467  -   29,192  +   57,752  -   96,054  -    9,701  -   20,312  -   13,809  -   13,156  +    2,345  -  211,131
                                                                                                                                                                                                         
Total assets                                   6,573,136     139,467   3,722,589      142,146     196,607     527,338     371,022     348,863      82,775      47,204      89,348     300,186     605,590

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, April 22, 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                   1,847,662      57,167     618,895      50,491      83,740     124,458     254,120     119,347      58,261      29,950      49,579     151,242     250,412
  Reverse repurchase agreements (6)              289,292       6,497     149,783       6,600       9,051      18,131      21,320      16,158       4,571       2,734       4,600      13,942      35,905
  Deposits                                     4,372,413      73,569   2,923,768      83,265     100,024     375,489      92,598     211,012      19,008      13,651      34,418     133,659     311,951
    Depository institutions                    3,099,980      73,548   1,801,401      83,264      90,530     374,098      87,789      90,610      19,002      13,594      24,342     129,859     311,944
    U.S. Treasury, General Account               949,999           0     949,999           0           0           0           0           0           0           0           0           0           0
    Foreign official                              16,303           2      16,277           1           3           8           2           2           1           0           0           0           6
    Other (7)                                    306,130          20     156,091           0       9,491       1,383       4,807     120,400           6          57      10,075       3,799           1
  Earnings remittances due to the U.S.      
     Treasury (8)                                  2,205          59       1,157          51          56         123         168         125          38          13          40         109         267
  Other liabilities and accrued             
     dividends                                    22,732         345      15,985         350         440         986         916         724         263         530         297         589       1,309
                                                                                                                                                                                                        
Total liabilities                              6,534,304     137,637   3,709,588     140,757     193,310     519,187     369,123     347,367      82,140      46,879      88,933     299,540     599,843
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,006       1,506      10,707       1,143       2,714       6,710       1,561       1,232         523         272         342         565       4,731
  Surplus                                          6,825         324       2,294         246         583       1,441         338         265         112          53          72          81       1,016
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  6,573,136     139,467   3,722,589     142,146     196,607     527,338     371,022     348,863      82,775      47,204      89,348     300,186     605,590

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, April 22, 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.  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.                                                                         
                                                                                                                                                                                                            


Note on consolidation:

On April 14, 2020, the Federal Reserve Bank of New York (FRBNY) began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC) under the authority of section 13(3) of
the Federal Reserve Act. CPFF II LLC is 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 are
used to secure the loan from the FRBNY and the amount provided by U.S. Treasury as credit protection to the FRBNY.                                                                            

The FRBNY is the managing member of CPFF II LLC. Consistent with generally accepted accounting principles, the assets and liabilities of the CPFF II LLC have been consolidated with the
assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the loan from the FRBNY to CPFF II LLC is
eliminated, the net assets of the CPFF II LLC appear as assets on the previous page (and in table 1 and table 4), and the liabilities of the CPFF II LLC to entities other than the FRBNY, including
those with recourse only to the portfolio holdings of the CPFF II LLC are 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   
                                                                                          Apr 22, 2020  

Federal Reserve notes outstanding                                                            2,015,588  
  Less: Notes held by F.R. Banks not subject to collateralization                              167,927  
    Federal Reserve notes to be collateralized                                               1,847,662  
Collateral held against Federal Reserve notes                                                1,847,662  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,831,425  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       5,691,686  
  Less: Face value of securities under reverse repurchase agreements                           273,188  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        5,418,498  

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.