FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                 January 30, 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  Jan 29, 2020 
Federal Reserve Banks                                     Jan 29, 2020 Jan 22, 2020 Jan 30, 2019              

Reserve Bank credit                                         4,115,208   +      906   +  114,389    4,112,398  
  Securities held outright (1)                              3,793,484   +   15,123   -   51,796    3,798,743  
    U.S. Treasury securities                                2,397,355   +   24,302   +  177,305    2,409,108  
      Bills (2)                                               222,890   +   19,288   +  222,890      232,534  
      Notes and bonds, nominal (2)                          2,021,005   +    5,031   -   62,581    2,023,121  
      Notes and bonds, inflation-indexed (2)                  128,005            0   +   13,236      128,005  
      Inflation compensation (3)                               25,455   -       17   +    3,761       25,448  
    Federal agency debt securities (2)                          2,347            0   -       62        2,347  
    Mortgage-backed securities (4)                          1,393,781   -    9,180   -  229,041    1,387,288  
  Unamortized premiums on securities held outright (5)        123,730   -      472   -   14,931      123,527  
  Unamortized discounts on securities held outright (5)       -13,294   -       40   +        7      -13,306  
  Repurchase agreements (6)                                   182,311   -   14,306   +  182,311      175,125  
  Loans                                                             6            0   -       18           34  
    Primary credit                                                  6            0   -       12           34  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 0            0   -        6            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     0            0            0            0  
  Float                                                          -185   -       69   +      116         -675  
  Central bank liquidity swaps (8)                                 51   -        3   -       25           51  
  Other Federal Reserve assets (9)                             29,104   +      673   -    1,276       28,899  
Foreign currency denominated assets (10)                       20,512   -       15   -      426       20,499  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,162   +       14   +      372       50,162  
                                                                                                              
Total factors supplying reserve funds                       4,202,123   +      904   +  114,334    4,199,300  

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  Jan 29, 2020 
Federal Reserve Banks                                     Jan 29, 2020 Jan 22, 2020 Jan 30, 2019              

Currency in circulation (11)                                 1,792,238   -    2,503   +   89,610    1,792,779 
Reverse repurchase agreements (12)                             235,623   -   26,946   -   11,948      233,404 
  Foreign official and international accounts                  233,736   -   15,421   -   10,449      233,104 
  Others                                                         1,887   -   11,525   -    1,499          300 
Treasury cash holdings                                             208   +       17   -       43          218 
Deposits with F.R. Banks, other than reserve balances          513,106   +   35,253   +   37,967      516,541 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               432,061   +   28,120   +   28,785      450,537 
  Foreign official                                               5,180   -        1   -       64        5,181 
  Other (13)                                                    75,864   +    7,133   +    9,245       60,823 
Other liabilities and capital (14)                              44,606   +      431   -       55       44,136 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,585,781   +    6,252   +  115,531    2,587,077 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,616,342   -    5,347   -    1,197    1,612,223 

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  Jan 29, 2020 
                                                          Jan 29, 2020 Jan 22, 2020 Jan 30, 2019              

Securities held in custody for foreign official and       
     international accounts                                  3,434,373   +   21,252   +   20,317    3,423,488 
  Marketable U.S. Treasury securities (1)                    2,985,484   +   15,901   -   40,174    2,975,840 
  Federal agency debt and mortgage-backed securities (2)       365,207   +    5,301   +   46,272      364,291 
  Other securities (3)                                          83,681   +       49   +   14,219       83,357 
Securities lent to dealers                                      28,698   +      391   +    9,462       25,762 
  Overnight facility (4)                                        28,698   +      391   +    9,462       25,762 
    U.S. Treasury securities                                    28,698   +      391   +    9,462       25,762 
    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, January 29, 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                                           34             0             0             0             0           ...            34 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  28,266       135,202       378,533       908,219       315,598       643,290     2,409,108 
  Weekly changes                        +    4,607    +    8,573    +    9,321    +    5,600    -        7    -        7    +   28,088 
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             0             3         1,149        70,876     1,315,260     1,387,288 
  Weekly changes                                 0    -        1    -       11    -       86    -    2,242    -    9,014    -   11,354 
Repurchase agreements (4)                  175,125             0           ...           ...           ...           ...       175,125 
Central bank liquidity swaps (5)                51             0             0             0             0             0            51 
                                                                                                                                       
Reverse repurchase agreements (4)          233,404             0           ...           ...           ...           ...       233,404 
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   
                                                                                                                      Jan 29, 2020  

Mortgage-backed securities held outright (1)                                                                             1,387,288  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                            5,386  
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       Jan 29, 2020   Wednesday    Wednesday  
                                                        consolidation                Jan 22, 2020 Jan 30, 2019 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,767   +       23   -       34  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,084,123   +    5,336   +  114,611  
    Securities held outright (1)                                          3,798,743   +   16,733   -   45,486  
      U.S. Treasury securities                                            2,409,108   +   28,088   +  189,096  
        Bills (2)                                                           232,534   +   22,503   +  232,534  
        Notes and bonds, nominal (2)                                      2,023,121   +    5,603   -   60,465  
        Notes and bonds, inflation-indexed (2)                              128,005            0   +   13,236  
        Inflation compensation (3)                                           25,448   -       19   +    3,792  
      Federal agency debt securities (2)                                      2,347            0   -       62  
      Mortgage-backed securities (4)                                      1,387,288   -   11,354   -  234,521  
    Unamortized premiums on securities held outright  
    (5)                                                                     123,527   -      447   -   15,011  
    Unamortized discounts on securities held outright 
    (5)                                                                     -13,306   -       34   -       17  
    Repurchase agreements (6)                                               175,125   -   10,951   +  175,125  
    Loans                                                                        34   +       34            0  
  Net portfolio holdings of Maiden Lane LLC (7)                                   0            0            0  
  Items in process of collection                                   (0)           54   -       30   -       39  
  Bank premises                                                               2,210   +       10   +        3  
  Central bank liquidity swaps (8)                                               51   -        3   -       26  
  Foreign currency denominated assets (9)                                    20,499   -       27   -      452  
  Other assets (10)                                                          26,689   +      409   -    2,111  
                                                                                                               
Total assets                                                       (0)    4,151,630   +    5,718   +  111,952  

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       Jan 29, 2020   Wednesday    Wednesday  
                                                        consolidation                Jan 22, 2020 Jan 30, 2019 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,744,597   -    1,952   +   89,020 
  Reverse repurchase agreements (11)                                         233,404   -   31,953   -   15,832 
  Deposits                                                          (0)    2,128,764   +   38,677   +   39,599 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,612,223   +    2,629   +    3,083 
    U.S. Treasury, General Account                                           450,537   +   38,829   +   39,153 
    Foreign official                                                           5,181   +        1   -       61 
    Other (12)                                                      (0)       60,823   -    2,782   -    2,576 
  Deferred availability cash items                                  (0)          729   +      487   -      455 
  Other liabilities and accrued dividends (13)                                 5,613   +      460   +      237 
                                                                                                               
Total liabilities                                                   (0)    4,113,108   +    5,718   +  112,570 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,697   -        1   -      618 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,522   -        1   -      618 

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, January 29, 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                                             1,767          43          51          155         103         234         181         286          35          50         118         206         305
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans                                 4,084,123      84,729   2,228,160       98,913     119,503     249,932     279,252     214,379      58,699      35,342      60,560     177,336     477,319
    Securities held outright (1)               3,798,743      78,809   2,072,483       91,993     111,142     232,470     259,732     199,401      54,598      32,871      56,329     164,946     443,970
      U.S. Treasury securities                 2,409,108      49,980   1,314,339       58,340      70,484     147,429     164,718     126,457      34,625      20,847      35,723     104,606     281,559
        Bills (2)                                232,534       4,824     126,864        5,631       6,803      14,230      15,899      12,206       3,342       2,012       3,448      10,097      27,177
        Notes and bonds (3)                    2,176,574      45,156   1,187,475       52,709      63,681     133,199     148,819     114,251      31,283      18,834      32,275      94,509     254,382
      Federal agency debt securities (2)           2,347          49       1,280           57          69         144         160         123          34          20          35         102         274
      Mortgage-backed securities (4)           1,387,288      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)                               123,527       2,563      67,393        2,991       3,614       7,559       8,446       6,484       1,775       1,069       1,832       5,364      14,437
    Unamortized discounts on securities     
      held outright (5)                          -13,306        -276      -7,259         -322        -389        -814        -910        -698        -191        -115        -197        -578      -1,555
    Repurchase agreements (6)                    175,125       3,633      95,543        4,241       5,124      10,717      11,974       9,193       2,517       1,515       2,597       7,604      20,467
    Loans                                             34           0           0           10          13           0          10           0           0           1           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                      54           0           0            0           0           0          53           0           0           0           0           0           0
  Bank premises                                    2,210         106         466           92         117         191         203         194         102          93         228         223         196
  Central bank liquidity swaps (8)                    51           2          16            3           4          11           3           2           1           0           0           1           7
  Foreign currency denominated                                                                                                                                                                           
     assets (9)                                   20,499         883       6,507        1,184       1,636       4,370       1,192         856         313          97         198         254       3,009
  Other assets (10)                               26,689         570      14,031          640         792       1,849       1,803       1,375         476         285         489       1,301       3,080
  Interdistrict settlement account                     0  +    5,630  -   32,247   -   14,819  +    1,359  -    6,327  +   16,905  +   10,274  +    6,847  +    3,856  +    5,719  +   14,983  -   12,180
                                                                                                                                                                                                         
Total assets                                   4,151,630      92,509   2,222,508       86,705     124,282     251,427     301,805     228,501      66,949      39,999      67,759     195,476     473,711

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, January 29, 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            1,957,987      60,861     641,620      57,527      93,843     134,320     273,952     126,650      59,460      32,067      54,152     164,114     259,421
    Less: Notes held by F.R. Banks               213,391       6,175      50,753       9,018      10,301      17,319      33,385      13,550       5,485       2,959       7,264      20,405      36,777
      Federal Reserve notes, net               1,744,597      54,686     590,867      48,509      83,541     117,002     240,567     113,099      53,975      29,109      46,888     143,709     222,644
  Reverse repurchase agreements (11)             233,404       4,842     127,339       5,652       6,829      14,284      15,959      12,252       3,355       2,020       3,461      10,135      27,279
  Deposits                                     2,128,764      30,965   1,488,950      30,957      30,409     111,385      42,942     101,280       8,843       7,739      16,823      40,914     217,557
    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                           1,612,223      30,957   1,014,034      30,955      30,376     111,007      42,875      60,295       8,840       7,684      16,795      40,855     217,550
    U.S. Treasury, General Account               450,537           0     450,537           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,181           2       5,154           2           3           9           2           2           1           0           0           0           6
    Other (12)                                    60,823           7      19,224           0          30         370          65      40,984           2          54          28          59           1
  Deferred availability cash items                   729           0           0           0           0           0          49           0           0         680           0           0           0
  Earnings remittances due to the U.S.      
     Treasury (13)                                 1,042          14         546          24          30          98          86          54           9           4           9          55         115
  Other liabilities and accrued             
     dividends                                     4,571         172       1,860         176         182         528         292         320         136         147         172         205         381
                                                                                                                                                                                                        
Total liabilities                              4,113,108      90,680   2,209,562      85,318     120,990     243,297     299,894     227,005      66,318      39,698      67,353     195,018     467,975
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,697       1,505      10,653       1,141       2,709       6,690       1,572       1,231         520         248         334         377       4,720
  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                  4,151,630      92,509   2,222,508      86,705     124,282     251,427     301,805     228,501      66,949      39,999      67,759     195,476     473,711

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, January 29, 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   
                                                                                          Jan 29, 2020  

Federal Reserve notes outstanding                                                            1,957,987  
  Less: Notes held by F.R. Banks not subject to collateralization                              213,391  
    Federal Reserve notes to be collateralized                                               1,744,597  
Collateral held against Federal Reserve notes                                                1,744,597  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,728,360  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       3,973,868  
  Less: Face value of securities under reverse repurchase agreements                           229,718  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        3,744,150  

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.