FEDERAL RESERVE statistical release

For Release at
4:30 P.M. Eastern time
May 28, 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 Municipal
Liquidity Facility (MLF). This facility operates through the Municipal Liquidity Facility LLC (MLF LLC), a
special purpose vehicle that was formed to help support state and local governments better manage cash flow
pressures in order to continue to serve households and business in their communities.                       

On April 9, 2020, the Federal Reserve announced the MLF. On May 26, 2020, the Federal Reserve Bank of New
York (FRBNY) received Treasury's equity contribution for the MLF program.                                   

Consistent with generally accepted accounting principles, the assets and liabilities of MLF LLC have been
consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition
shown on the release because the FRBNY is the managing member of MLF LLC. MLF asset balances from trading activity
will be reported in this release on a one-day lag after the transaction date. The net portfolio holdings of
MLF LLC appear as an asset on the statement of condition of the FRBNY (table 5), the consolidated statement of
condition of all Federal Reserve Banks (table 4), and factors affecting reserve balances of depository
institutions (table 1). The amount provided by the U.S. Treasury as credit protection for the MLF LLC is included in
"Treasury contributions to credit facilities" in tables 1, 4, and 5.                                        

On May 22, 2020 and pursuant to the facility agreements, 85% of the Treasury's equity contributions were
invested in nonmarketable Treasury securities and reported in "Net portfolio holdings of Commercial Paper Funding
Facility II LLC" and "Net portfolio holdings of Corporate Credit Facilities LLC" in tables 1, 4, and 5. Note
7 in table 1, note 8 in table 4, and note 2 in table 5, each regarding the net portfolio holdings of the LLCs,
were modified to indicate inclusion of those assets. Additionally, the note on consolidation in table 5 was
modified to include information related to this activity.                                                   

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     May 28, 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  May 27, 2020 
Federal Reserve Banks                                     May 27, 2020 May 20, 2020 May 29, 2019              

Reserve Bank credit                                         7,059,561   +  137,525   +3,239,597    7,058,713  
  Securities held outright (1)                              5,958,725   +   86,155   +2,279,834    5,946,969  
    U.S. Treasury securities                                4,101,108   +   27,033   +1,986,418    4,109,512  
      Bills (2)                                               326,044            0   +  325,994      326,044  
      Notes and bonds, nominal (2)                          3,481,681   +   24,558   +1,505,116    3,489,174  
      Notes and bonds, inflation-indexed (2)                  256,594   +    2,400   +  141,233      257,451  
      Inflation compensation (3)                               36,789   +       75   +   14,075       36,843  
    Federal agency debt securities (2)                          2,347            0            0        2,347  
    Mortgage-backed securities (4)                          1,855,270   +   59,122   +  293,416    1,835,110  
  Unamortized premiums on securities held outright (5)        304,609   +    4,442   +  171,805      304,256  
  Unamortized discounts on securities held outright (5)        -5,544   +      127   +    7,470       -5,500  
  Repurchase agreements (6)                                   174,930   +   13,201   +  174,930      181,101  
    Foreign official                                                1   +        1   +        1            1  
    Others                                                    174,929   +   13,200   +  174,929      181,100  
  Loans                                                       107,306   -    4,483   +  107,243      106,896  
    Primary credit                                             18,831   -    2,651   +   18,811       18,198  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 2            0   -       41            2  
    Primary Dealer Credit Facility                              6,961   -    2,008   +    6,961        6,241  
    Money Market Mutual Fund Liquidity Facility                34,321   -    3,726   +   34,321       33,244  
    Paycheck Protection Program Liquidity Facility             47,192   +    3,903   +   47,192       49,211  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Commercial Paper Funding      
    Facility II LLC (7)                                        11,578   +    7,286   +   11,578       12,794  
  Net portfolio holdings of Corporate Credit Facilities   
  LLC (7)                                                      29,852   +   28,669   +   29,852       34,853  
  Net portfolio holdings of Municipal Liquidity           
  Facility LLC (7)                                                  0            0            0            0  
  Float                                                          -212   -       38   +        8         -288  
  Central bank liquidity swaps (8)                            448,736   +    2,437   +  448,719      448,946  
  Other Federal Reserve assets (9)                             29,581   -      271   +    8,159       28,687  
Foreign currency denominated assets (10)                       20,525   +       44   -      172       20,564  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,331   +       14   +      426       50,331  
                                                                                                              
Total factors supplying reserve funds                       7,146,658   +  137,582   +3,239,850    7,145,850  

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  May 27, 2020 
Federal Reserve Banks                                     May 27, 2020 May 20, 2020 May 29, 2019              

Currency in circulation (11)                                 1,944,218   +   10,951   +  206,641    1,948,196 
Reverse repurchase agreements (12)                             245,506   -   15,342   -   21,894      243,976 
  Foreign official and international accounts                  244,887   -   13,964   -   17,870      239,650 
  Others                                                           619   -    1,378   -    4,024        4,326 
Treasury cash holdings                                             239   -       34   -       31          207 
Deposits with F.R. Banks, other than reserve balances        1,585,565   +  143,992   +1,274,073    1,522,210 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                             1,310,491   +  116,081   +1,062,714    1,326,897 
  Foreign official                                              16,246   -       72   +   11,001       16,251 
  Other (13)                                                   258,828   +   27,983   +  200,358      179,062 
Treasury contributions to credit facilities (14)                54,000   +    6,286   +   54,000       66,500 
Other liabilities and capital (15)                              48,985   -    3,112   +    3,626       47,074 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  3,878,513   +  142,741   +1,516,416    3,828,162 
                                                                                                              
Reserve balances with Federal Reserve Banks                  3,268,144   -    5,159   +1,723,433    3,317,688 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements.                                                                               
7.  Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury      
    contributions to the facility. Refer to note on consolidation below.                                
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes bank premises, accrued interest, and other accounts receivable. Also includes net              
    portfolio holdings of Maiden Lane LLC.                                                              
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities                                                          
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10             
    billion, Corporate Credit Facilities LLC of $37.5 billion, and Municipal Liquidity Facility LLC of $17.5
    billion, and credit protection in the Money Market Mutual Fund Liquidity Facility of $1.5 billion.  
15. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  May 27, 2020 
                                                          May 27, 2020 May 20, 2020 May 29, 2019              

Securities held in custody for foreign official and       
     international accounts                                  3,391,236   +    2,828   -   72,101    3,384,052 
  Marketable U.S. Treasury securities (1)                    2,924,975   +    5,229   -  130,847    2,921,251 
  Federal agency debt and mortgage-backed securities (2)       380,841   -    2,876   +   49,165      377,355 
  Other securities (3)                                          85,420   +      475   +    9,581       85,447 
Securities lent to dealers                                      32,694   +      347   +   11,237       32,934 
  Overnight facility (4)                                        32,694   +      347   +   11,237       32,934 
    U.S. Treasury securities                                    32,694   +      347   +   11,237       32,934 
    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, May 27, 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)                                    9,777        36,411        11,497        49,211             0           ...       106,896 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                  55,608       279,039       564,220     1,577,552       719,915       913,177     4,109,512 
  Weekly changes                        -   11,251    +    4,864    +    6,377    +    9,486    +    8,657    +    2,047    +   20,181 
Federal agency debt securities (3)                                                                                                     
  Holdings                                       0             0             0             0         1,436           911         2,347 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             4         2,217        80,749     1,752,140     1,835,110 
  Weekly changes                                 0             0    -        1    -       74    -    1,156    -   26,499    -   27,731 
Commercial paper held by Commercial                                                                                                    
  Paper Funding Facility II LLC (5)              0         4,255             0           ...           ...           ...         4,255 
Repurchase agreements (6)                  139,551        41,550           ...           ...           ...           ...       181,101 
Central bank liquidity swaps (7)           126,741       322,205             0             0             0             0       448,946 
Reverse repurchase agreements (6)          243,976             0           ...           ...           ...           ...       243,976 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Loans includes primary, secondary, and seasonal loans and credit extended through the Primary           
    Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity
    Facility, and other credit extensions. Loans exclude the loans from the Federal Reserve Bank of New 
    York (FRBNY) to Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC, and      
    Municipal Liquidity Facility LLC, which were 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   
                                                                                                                      May 27, 2020  

Mortgage-backed securities held outright (1)                                                                             1,835,110  
  Residential mortgage-backed securities                                                                                 1,826,212  
  Commercial mortgage-backed securities                                                                                      8,898  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                          120,231  
Commitments to sell mortgage-backed securities (2)                                                                              20  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                  115  



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       May 27, 2020   Wednesday    Wednesday  
                                                        consolidation                May 20, 2020 May 29, 2019 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,447   -       31   -      202  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     6,533,722   +   14,863   +2,741,627  
    Securities held outright (1)                                          5,946,969   -    7,549   +2,274,473  
      U.S. Treasury securities                                            4,109,512   +   20,181   +1,994,768  
        Bills (2)                                                           326,044            0   +  325,994  
        Notes and bonds, nominal (2)                                      3,489,174   +   17,950   +1,512,609  
        Notes and bonds, inflation-indexed (2)                              257,451   +    2,185   +  142,090  
        Inflation compensation (3)                                           36,843   +       46   +   14,076  
      Federal agency debt securities (2)                                      2,347            0            0  
      Mortgage-backed securities (4)                                      1,835,110   -   27,731   +  279,705  
    Unamortized premiums on securities held outright  
    (5)                                                                     304,256   +      152   +  171,706  
    Unamortized discounts on securities held outright 
    (5)                                                                      -5,500   +      191   +    7,504  
    Repurchase agreements (6)                                               181,101   +   23,750   +  181,101  
    Loans (7)                                                               106,896   -    1,681   +  106,843  
  Net portfolio holdings of Commercial Paper          
    Funding Facility II LLC (8)                                              12,794   +    8,501   +   12,794  
  Net portfolio holdings of Corporate Credit          
  Facilities LLC (8)                                                         34,853   +   33,052   +   34,853  
  Net portfolio holdings of Municipal Liquidity       
  Facility LLC (8)                                                                0            0            0  
  Items in process of collection                                   (0)           67   +       16   -       65  
  Bank premises                                                               2,205   -        1   +       10  
  Central bank liquidity swaps (9)                                          448,946   +    2,843   +  448,929  
  Foreign currency denominated assets (10)                                   20,564   -       31   -       96  
  Other assets (11)                                                          26,482   +      847   +    8,024  
                                                                                                               
Total assets                                                       (0)    7,097,316   +   60,058   +3,245,872  

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       May 27, 2020   Wednesday    Wednesday  
                                                        consolidation                May 20, 2020 May 29, 2019 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,899,514   +    9,514   +  207,934 
  Reverse repurchase agreements (12)                                         243,976   -   22,673   -   21,441 
  Deposits                                                          (0)    4,839,897   +   59,085   +2,990,692 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         3,317,688   +   13,467   +1,782,896 
    U.S. Treasury, General Account                                         1,326,897   +  133,600   +1,077,886 
    Foreign official                                                          16,251   +       23   +   11,006 
    Other (13)                                                      (0)      179,062   -   88,004   +  118,905 
  Deferred availability cash items                                  (0)          355   +       94   -      303 
  Treasury contributions to credit facilities (14)                            66,500   +   17,500   +   66,500 
  Other liabilities and accrued dividends (15)                                 8,160   -    3,484   +    2,762 
                                                                                                               
Total liabilities                                                   (0)    7,058,402   +   60,037   +3,246,145 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,089   +       20   -      273 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,914   +       20   -      273 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Loans includes primary, secondary, and seasonal loans and credit extended through the Primary           
    Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity
    Facility, and other credit extensions.                                                              
8.  Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury      
    contributions to the facility. Refer to note on consolidation below.                                
9.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
10. Revalued daily at current foreign currency exchange rates.                                              
11. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also includes net portfolio holdings of Maiden Lane LLC.                       
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10             
    billion, Corporate Credit Facilities LLC of $37.5 billion, and Municipal Liquidity Facility LLC of $17.5
    billion, and credit protection in the Money Market Mutual Fund Liquidity Facility of $1.5 billion.  
15. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



5. Statement of Condition of Each Federal Reserve Bank, May 27, 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                                             1,447          29          40          134          83         201         133         246          21          38          94         159         269
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans (1)                             6,533,722     180,750   3,358,998      149,481     201,973     407,529     477,557     362,591     103,304      63,845     106,172     312,152     809,371
  Net portfolio holdings of Commercial      
     Paper Funding Facility II LLC (2)            12,794           0      12,794            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Corporate       
    Credit Facilities LLC (2)                     34,853           0      34,853            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Municipal       
    Liquidity Facility LLC (2)                         0           0           0            0           0           0           0           0           0           0           0           0           0
  Central bank liquidity swaps (3)               448,946      21,310     150,874       16,156      38,365      94,758      22,266      17,435       7,359       3,515       4,735       5,330      66,844
  Foreign currency denominated                                                                                                                                                                           
     assets (4)                                   20,564         976       6,913          740       1,757       4,340       1,020         798         337         161         217         244       3,061
  Other assets (5)                                28,754       2,278      12,077          704         957       2,083       2,177       1,628         724         387         722       1,575       3,443
  Interdistrict settlement account                     0  -   66,139  +  431,820   -   13,450  -   17,040  +   58,829  -  120,532  -   11,331  -   23,576  -   11,346  -   18,435  -    3,023  -  205,776
                                                                                                                                                                                                         
Total assets                                   7,097,316     139,736   4,013,851      154,293     226,856     568,904     384,804     372,504      88,649      56,870      93,954     317,638     679,257

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, May 27, 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                   1,899,514      59,106     628,939      51,366      85,880     126,604     261,477     126,129      58,539      30,803      52,547     158,924     259,200
  Reverse repurchase agreements (6)              243,976       5,479     126,320       5,566       7,633      15,291      17,980      13,627       3,855       2,306       3,880      11,758      30,280
  Deposits                                     4,839,897      71,422   3,179,865      95,565     129,542     417,675     102,344     230,397      25,331      22,897      36,781     145,617     382,462
    Depository institutions                    3,317,688      71,400   1,782,055      95,564     126,392     416,272     100,541     121,100      25,325      22,827      32,330     141,428     382,455
    U.S. Treasury, General Account             1,326,897           0   1,326,897           0           0           0           0           0           0           0           0           0           0
    Foreign official                              16,251           2      16,225           1           3           8           2           2           1           0           0           0           6
    Other (7)                                    179,062          20      54,689           0       3,147       1,394       1,801     109,296           5          70       4,451       4,189           1
  Earnings remittances due to the U.S.      
     Treasury (8)                                  1,160          30         614          24          33          92          82          61           7           8          13          55         141
  Treasury contributions to credit          
     facilities (9)                               66,500       1,500      65,000           0           0           0           0           0           0           0           0           0           0
  Other liabilities and accrued             
     dividends                                     7,355         371          99         374         470       1,056       1,020         776         282         530         318         632       1,427
                                                                                                                                                                                                        
Total liabilities                              7,058,402     137,907   4,000,837     152,896     223,558     560,718     382,902     370,990      88,013      56,545      93,538     316,986     673,511
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,089       1,505      10,720       1,151       2,715       6,745       1,563       1,249         524         272         344         571       4,730
  Surplus                                          6,825         324       2,294         246         583       1,441         338         265         112          53          72          81       1,016
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  7,097,316     139,736   4,013,851     154,293     226,856     568,904     384,804     372,504      88,649      56,870      93,954     317,638     679,257

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, May 27, 2020 (continued)


1.  Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight              
    securities lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between the
    purchase price and the face value of the securities that have not been amortized. For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, amortization is on an
    effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Loans includes primary, secondary, and
    seasonal loans and credit extended through the Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity Facility, and other credit        
    extensions.                                                                                                                                                                                         
2.  Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.                                 
3.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
4.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
5.  Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. Also includes Net portfolio       
    holdings of Maiden Lane LLC; refer to the note on consolidation for additional information.                                                                                                         
6.  Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
7.  Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
8.  Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
9.  Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10 billion, Corporate Credit Facilities LLC of $37.5 billion, and Municipal Liquidity Facility LLC of          
    $17.5 billion, and credit protection in the Money Market Mutual Fund Liquidity Facility of $1.5 billion.                                                                                            
                                                                                                                                                                                                            


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On April 14, 2020,
FRBNY began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC), a limited liability company formed to purchase three-month U.S dollar-denominated commercial paper by
eligible issuers. The assets of the CPFF II LLC are used to secure the loan from the FRBNY and the amount provided by U.S. Treasury as credit protection to the FRBNY. On May 12, 2020, FRBNY
began extending loans to the Corporate Credit Facilities LLC (CCF LLC), a limited liability company formed to purchase eligible bonds or portions of syndicated loans or bonds at issuance through
the Primary Market Corporate Credit Facility and to purchase eligible individual corporate bonds and exchange-traded funds through the Secondary Market Corporate Credit Facility. The assets of
the CCF LLC 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, CCF LLC, and Municipal Liquidity Facility LLC. Consistent with generally accepted accounting principles, the assets and liabilities of each
LLC have been accounted for and consolidated with the assets and liabilities of the FRBNY, in the preparation of the statements of condition shown on this release. As a consequence of the
consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any balances held at the FRBNY for LLCs consolidated to FRBNY. Treasury contributions to credit facilities are held at
the Reserve Bank until invested. Net assets of the LLC appears as assets on table 5 (and in table 1 and table 4), and the liabilities of the LLC to entities other than the FRBNY, including
those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this table (and table 1 and table 4).The amount provided by U.S. Treasury as credit protection
to FRBNY appears as liabilities on table 5 (and in 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   
                                                                                          May 27, 2020  

Federal Reserve notes outstanding                                                            2,051,425  
  Less: Notes held by F.R. Banks not subject to collateralization                              151,911  
    Federal Reserve notes to be collateralized                                               1,899,514  
Collateral held against Federal Reserve notes                                                1,899,514  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,883,277  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       6,128,070  
  Less: Face value of securities under reverse repurchase agreements                           232,932  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        5,895,138  

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.