FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   April 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  Apr 29, 2020 
Federal Reserve Banks                                     Apr 29, 2020 Apr 22, 2020  May 1, 2019              

Reserve Bank credit                                         6,597,655   +  146,446   +2,725,889    6,616,131  
  Securities held outright (1)                              5,562,498   +  110,726   +1,839,511    5,578,486  
    U.S. Treasury securities                                3,945,017   +   81,460   +1,799,810    3,971,419  
      Bills (2)                                               326,044            0   +  325,944      326,044  
      Notes and bonds, nominal (2)                          3,344,204   +   72,631   +1,336,315    3,367,047  
      Notes and bonds, inflation-indexed (2)                  239,119   +    7,927   +  123,913      242,290  
      Inflation compensation (3)                               35,651   +      902   +   13,638       36,038  
    Federal agency debt securities (2)                          2,347            0            0        2,347  
    Mortgage-backed securities (4)                          1,615,134   +   29,266   +   39,701    1,604,720  
  Unamortized premiums on securities held outright (5)        281,268   +   10,255   +  147,151      283,240  
  Unamortized discounts on securities held outright (5)        -5,807   +      636   +    7,173       -5,711  
  Repurchase agreements (6)                                   163,558   -    7,950   +  163,558      158,202  
    Foreign official                                                0   -        1            0            2  
    Others                                                    163,557   -    7,950   +  163,557      158,200  
  Loans                                                       121,384   +    2,543   +  121,360      123,028  
    Primary credit                                             31,259   -    3,694   +   31,256       31,759  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 0            0   -       21            0  
    Primary Dealer Credit Facility                             28,618   -    2,648   +   28,618       25,504  
    Money Market Mutual Fund Liquidity Facility                47,504   -    2,142   +   47,504       46,277  
    Paycheck Protection Program Liquidity Facility             14,003   +   11,026   +   14,003       19,488  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Commercial Paper Funding      
    Facility II LLC (7)                                         2,921   +      405   +    2,921        3,372  
  Float                                                          -367   -      163   +       82       -1,397  
  Central bank liquidity swaps (8)                            434,253   +   27,981   +  434,198      438,953  
  Other Federal Reserve assets (9)                             37,947   +    2,012   +    9,936       37,956  
Foreign currency denominated assets (10)                       20,440   -       18   -       90       20,525  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,275   +       14   +      378       50,275  
                                                                                                              
Total factors supplying reserve funds                       6,684,611   +  146,442   +2,726,176    6,703,172  

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 29, 2020 
Federal Reserve Banks                                     Apr 29, 2020 Apr 22, 2020  May 1, 2019              

Currency in circulation (11)                                 1,903,433   +   12,518   +  175,001    1,910,511 
Reverse repurchase agreements (12)                             271,307   -   19,297   +    8,090      269,106 
  Foreign official and international accounts                  266,878   -   15,004   +    4,234      267,656 
  Others                                                         4,430   -    4,292   +    3,857        1,450 
Treasury cash holdings                                             298   -        3   -       33          301 
Deposits with F.R. Banks, other than reserve balances        1,286,524   +   99,931   +  826,141    1,296,625 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               997,507   +   96,176   +  597,009    1,076,232 
  Foreign official                                              16,317   +       24   +   11,073       16,323 
  Other (13)                                                   272,699   +    3,730   +  218,058      204,070 
Other liabilities and capital (14)                              63,908   -    2,343   +   19,255       63,116 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  3,525,469   +   90,804   +1,028,453    3,539,660 
                                                                                                              
Reserve balances with Federal Reserve Banks                  3,159,142   +   55,638   +1,697,723    3,163,512 

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 29, 2020 
                                                          Apr 29, 2020 Apr 22, 2020  May 1, 2019              

Securities held in custody for foreign official and       
     international accounts                                  3,337,349   +   17,160   -  123,874    3,337,612 
  Marketable U.S. Treasury securities (1)                    2,869,708   +   18,121   -  187,257    2,871,607 
  Federal agency debt and mortgage-backed securities (2)       382,551   -    3,258   +   50,597      380,582 
  Other securities (3)                                          85,090   +    2,297   +   12,786       85,424 
Securities lent to dealers                                      34,358   -    1,535   +   11,041       37,344 
  Overnight facility (4)                                        34,358   -    1,535   +   11,041       37,344 
    U.S. Treasury securities                                    34,358   -    1,535   +   11,041       37,344 
    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 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 (1)                                   15,854        71,712        15,974        19,488             0           ...       123,028 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                  55,294       249,856       535,821     1,572,472       665,596       892,381     3,971,419 
  Weekly changes                        -    3,575    +    6,257    +    7,636    +   36,080    +    6,287    +    9,384    +   62,067 
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             4         1,845        76,519     1,526,351     1,604,720 
  Weekly changes                                 0             0    -        1    -       66    -      819    -   16,882    -   17,767 
Commercial paper held by Commercial                                                                                                    
  Paper Funding Facility II LLC (5)              0         3,347             0           ...           ...           ...         3,347 
Repurchase agreements (6)                   22,752       135,450           ...           ...           ...           ...       158,202 
Central bank liquidity swaps (7)            21,507       417,446             0             0             0             0       438,953 
Reverse repurchase agreements (6)          269,106             0           ...           ...           ...           ...       269,106 
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 29, 2020  

Mortgage-backed securities held outright (1)                                                                             1,604,720  
  Residential mortgage-backed securities                                                                                 1,597,206  
  Commercial mortgage-backed securities                                                                                      7,514  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                          301,251  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   27  



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 29, 2020   Wednesday    Wednesday  
                                                        consolidation                Apr 22, 2020  May 1, 2019 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,598   -       38   -       72  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     6,137,246   +   51,563   +2,314,417  
    Securities held outright (1)                                          5,578,486   +   44,300   +1,876,752  
      U.S. Treasury securities                                            3,971,419   +   62,067   +1,847,465  
        Bills (2)                                                           326,044            0   +  325,944  
        Notes and bonds, nominal (2)                                      3,367,047   +   52,403   +1,380,622  
        Notes and bonds, inflation-indexed (2)                              242,290   +    8,598   +  126,929  
        Inflation compensation (3)                                           36,038   +    1,066   +   13,971  
      Federal agency debt securities (2)                                      2,347            0            0  
      Mortgage-backed securities (4)                                      1,604,720   -   17,767   +   29,287  
    Unamortized premiums on securities held outright  
    (5)                                                                     283,240   +    5,203   +  149,208  
    Unamortized discounts on securities held outright 
    (5)                                                                      -5,711   +      417   +    7,260  
    Repurchase agreements (6)                                               158,202   +      702   +  158,202  
    Loans (7)                                                               123,028   +      940   +  122,994  
  Net portfolio holdings of Commercial Paper          
    Funding Facility II LLC (8)                                               3,372   +      640   +    3,372  
  Items in process of collection                                   (0)           41   +        6   -       30  
  Bank premises                                                               2,208   +        1   +       14  
  Central bank liquidity swaps (9)                                          438,953   +   29,241   +  438,898  
  Foreign currency denominated assets (10)                                   20,525   +      120   -      118  
  Other assets (11)                                                          35,749   +    1,262   +    9,756  
                                                                                                               
Total assets                                                       (0)    6,655,929   +   82,793   +2,766,238  

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 29, 2020   Wednesday    Wednesday  
                                                        consolidation                Apr 22, 2020  May 1, 2019 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,862,131   +   14,469   +  179,317 
  Reverse repurchase agreements (12)                                         269,106   -   20,186   -      713 
  Deposits                                                          (0)    4,460,138   +   87,725   +2,568,121 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         3,163,513   +   63,533   +1,703,503 
    U.S. Treasury, General Account                                         1,076,232   +  126,233   +  707,468 
    Foreign official                                                          16,323   +       20   +   11,078 
    Other (13)                                                      (0)      204,070   -  102,060   +  146,072 
  Deferred availability cash items                                  (0)        1,438   +    1,097   +      891 
  Other liabilities and accrued dividends (14)                                24,279   -      318   +   19,085 
                                                                                                               
Total liabilities                                                   (0)    6,617,091   +   82,787   +2,766,700 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,013   +        7   -      462 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,838   +        7   -      462 

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 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 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                                             1,598          36          46          146          89         218         154         266          24          48         105         182         285
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans (1)                             6,137,246     183,327   3,163,269      138,095     188,631     378,874     445,143     342,081      96,161      57,730      97,563     291,516     754,854
  Net portfolio holdings of Commercial      
     Paper Funding Facility II LLC (2)             3,372           0       3,372            0           0           0           0           0           0           0           0           0           0
  Central bank liquidity swaps (3)               438,953      20,836     147,516       15,796      37,511      92,649      21,771      17,047       7,195       3,437       4,629       5,211      65,356
  Foreign currency denominated                                                                                                                                                                           
     assets (4)                                   20,525         974       6,900          738       1,754       4,331       1,018         797         336         161         216         244       3,055
  Other assets (5)                                37,998         972      18,413          912       1,252       2,699       2,842       2,148         746         488         888       2,044       4,594
  Interdistrict settlement account                     0  -   59,723  +  424,296   -   13,489  -   35,000  +   47,108  -   96,096  -    4,116  -   20,482  -   12,132  -   13,269  +    4,689  -  221,786
                                                                                                                                                                                                         
Total assets                                   6,655,929     146,955   3,769,296      142,727     194,997     527,044     377,014     359,359      84,460      50,002      90,582     305,089     608,403

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 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, net                   1,862,131      57,679     620,774      50,852      84,152     125,645     256,705     120,771      58,943      30,160      50,021     152,523     253,905
  Reverse repurchase agreements (6)              269,106       6,043     139,332       6,140       8,419      16,866      19,832      15,031       4,252       2,543       4,279      12,969      33,399
  Deposits                                     4,460,138      81,015   2,978,912      83,973      98,647     375,279      97,579     221,278      20,361      15,336      35,553     138,308     313,897
    Depository institutions                    3,163,513      80,996   1,827,993      83,971      92,817     374,380      91,102     101,734      20,356      15,265      26,441     134,566     313,891
    U.S. Treasury, General Account             1,076,232           0   1,076,232           0           0           0           0           0           0           0           0           0           0
    Foreign official                              16,323           2      16,296           1           3           8           2           2           1           0           0           0           6
    Other (7)                                    204,070          16      58,391           0       5,826         890       6,475     119,542           4          70       9,112       3,742           1
  Earnings remittances due to the U.S.      
     Treasury (8)                                  1,933          52         985          40          67         154         141         103          19          14          28          88         242
  Other liabilities and accrued             
     dividends                                    23,784         336      16,292         334         415         948         857         680         249       1,624         286         548       1,214
                                                                                                                                                                                                        
Total liabilities                              6,617,091     145,125   3,756,295     141,338     191,700     518,892     375,115     357,862      83,825      49,677      90,168     304,437     602,658
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,013       1,506      10,707       1,143       2,714       6,712       1,561       1,232         523         272         343         571       4,729
  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                  6,655,929     146,955   3,769,296     142,727     194,997     527,044     377,014     359,359      84,460      50,002      90,582     305,089     608,403

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 29, 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 29, 2020  

Federal Reserve notes outstanding                                                            2,022,105  
  Less: Notes held by F.R. Banks not subject to collateralization                              159,974  
    Federal Reserve notes to be collateralized                                               1,862,131  
Collateral held against Federal Reserve notes                                                1,862,131  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,845,894  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       5,736,689  
  Less: Face value of securities under reverse repurchase agreements                           255,747  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        5,480,941  

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.