FEDERAL RESERVE statistical release

For Release at

4:30 P.M. Eastern time

November 5, 2020

In table 4, the footnote for the outstanding amount of facility asset purchases for MS Facilities

LLC (Main Street Lending Program) has been revised to reflect the inclusion of an allowance for

loan losses in alignment with generally accepted accounting principles. The allowance for loan

losses was estimated based upon the Main Street Lending Program holdings updated as of

September 30, 2020, and does not indicate actual losses experienced by the program. The

estimated allowance for loan losses for the Main Street Lending program will be updated on a

quarterly basis going forward.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 5, 2020

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Nov 4, 2020 Oct 28, 2020 Nov 6, 2019

Wednesday

Nov 4, 2020

Reserve Bank credit 7,110,243 - 14,651 +3,110,502 7,117,962

Securities held outright1 6,533,351 - 14,038 +2,902,984 6,540,758

U.S. Treasury securities 4,530,681 + 12,919 +2,348,432 4,538,087

Bills2 326,044 0 + 270,750 326,044

Notes and bonds, nominal2 3,866,102 + 12,175 +1,886,450 3,872,732

Notes and bonds, inflation-indexed2 296,476 + 514 + 173,705 297,163

Inflation compensation3 42,059 + 229 + 17,527 42,148

Federal agency debt securities2 2,347 0 0 2,347

Mortgage-backed securities4 2,000,323 - 26,957 + 554,552 2,000,324

Unamortized premiums on securities held outright5 338,578 - 99 + 211,966 339,163

Unamortized discounts on securities held outright5 -4,607 - 12 + 8,148 -4,672

Repurchase agreements6 1,000 0 - 226,103 1,000

Foreign official 1,000 0 + 1,000 1,000

Others 0 0 - 227,103 0

Loans 70,671 - 1,735 + 70,646 69,660

Primary credit 2,434 - 222 + 2,433 2,372

Secondary credit 0 0 0 0

Seasonal credit 1 - 3 - 24 0

Primary Dealer Credit Facility 249 + 13 + 249 263

Money Market Mutual Fund Liquidity Facility 5,518 - 109 + 5,518 5,504

Paycheck Protection Program Liquidity Facility 62,470 - 1,413 + 62,470 61,522

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper Funding

Facility II LLC7 8,562 + 1 + 8,562 8,559

Net portfolio holdings of Corporate Credit Facilities LLC7 45,528 + 93 + 45,528 45,663

Net portfolio holdings of MS Facilities LLC (Main Street

Lending Program)7 41,475 + 333 + 41,475 41,683

Net portfolio holdings of Municipal Liquidity Facility LLC7 16,551 + 1 + 16,551 16,552

Net portfolio holdings of TALF II LLC7 12,193 + 431 + 12,193 12,266

Float -319 - 63 - 128 -102

Central bank liquidity swaps8 7,205 + 406 + 7,159 7,248

Other Federal Reserve assets9 40,056 + 33 + 11,521 40,183

Foreign currency denominated assets10 21,580 - 139 + 859 21,644

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 0 5,200

Treasury currency outstanding11 50,425 + 14 + 399 50,425

Total factors supplying reserve funds 7,198,489 - 14,776 +3,111,761 7,206,272

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Nov 4, 2020 Oct 28, 2020 Nov 6, 2019

Wednesday

Nov 4, 2020

Currency in circulation11 2,046,762 + 3,895 + 264,513 2,050,037

Reverse repurchase agreements12 200,935 + 6,043 - 93,336 193,037

Foreign official and international accounts 200,933 + 6,042 - 91,092 193,037

Others 2 + 1 - 2,244 0

Treasury cash holdings 49 + 6 - 147 45

Deposits with F.R. Banks, other than reserve balances 1,821,360 - 110,817 +1,380,753 1,819,499

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 1,621,346 - 59,587 +1,244,317 1,618,568

Foreign official 21,257 + 8 + 16,074 21,264

Other13 178,758 - 51,238 + 120,363 179,666

Treasury contributions to credit facilities14 114,000 0 + 114,000 114,000

Other liabilities and capital15 48,646 + 141 + 3,180 50,117

Total factors, other than reserve balances,

absorbing reserve funds 4,231,752 - 100,733 +1,668,963 4,226,735

Reserve balances with Federal Reserve Banks 2,966,737 + 85,956 +1,442,798 2,979,537

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,

MS Facilities LLC of $37.5 billion, Municipal Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 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.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Nov 4, 2020 Oct 28, 2020 Nov 6, 2019

Wednesday

Nov 4, 2020

Securities held in custody for foreign official and international

accounts 3,415,539 + 20,598 - 3,326 3,415,462

Marketable U.S. Treasury securities1 2,976,306 + 22,414 + 3,271 2,976,913

Federal agency debt and mortgage-backed securities2 352,717 - 2,324 - 9,612 352,724

Other securities3 86,516 + 508 + 3,016 85,825

Securities lent to dealers 26,027 + 1,173 - 1,126 31,041

Overnight facility4 26,027 + 1,173 - 1,126 31,041

U.S. Treasury securities 26,027 + 1,173 - 1,126 31,041

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, 5, and 6.

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.
H.4.1

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 4, 2020

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans1 971 5,359 1,808 61,522 0 ... 69,660

U.S. Treasury securities2

Holdings 92,517 272,111 633,540 1,714,301 812,404 1,013,214 4,538,087

Weekly changes + 15,814 + 2,771 - 21,300 + 4,100 + 3,081 + 6,434 + 10,901

Federal agency debt securities3

Holdings 0 0 0 0 1,436 911 2,347

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 5 2,149 76,191 1,921,980 2,000,324

Weekly changes 0 0 + 1 + 110 - 37 - 54 + 19

Commercial paper held by Commercial

Paper Funding Facility II LLC5 0 0 0 ... ... ... 0

Loan participations held by MS

Facilities LLC (Main Street Lending

Program)6 0 0 0 4,140 ... ... 4,140

Municipal notes held by Municipal

Liquidity Facility LLC7 0 0 1,200 451 ... ... 1,651

Loans held by TALF II LLC8 0 0 0 3,675 ... ... 3,675

Repurchase agreements9 1,000 0 ... ... ... ... 1,000

Central bank liquidity swaps10 1,538 5,711 0 0 0 0 7,248

Reverse repurchase agreements9 193,037 0 ... ... ... ... 193,037

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, Municipal Liquidity Facility LLC, and TALF

II LLC, and from the Federal Reserve Bank of Boston (FRBB) to MS Facilities LLC, which were eliminated when preparing the FRBNY's and FRBB’s

statement of condition, respectively, 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. Book value of commercial paper held by Commercial Paper Funding Facility II LLC.

6. Book value of the loan participations held by the MS Facilities LLC.

7. Book value of the municipal notes held by the Municipal Liquidity Facility LLC.

8. Book value of the loans held by the TALF II LLC.

9. Cash value of agreements.

10. 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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Nov 4, 2020

Mortgage-backed securities held outright1 2,000,324

Residential mortgage-backed securities 1,990,593

Commercial mortgage-backed securities 9,731

Commitments to buy mortgage-backed securities2 188,409

Commitments to sell mortgage-backed securities2 16,000

Cash and cash equivalents3 3

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 5 and table 6.

4. Information on Principal Accounts of Credit Facilities LLCs

Millions of dollars

Wednesday Nov 4, 2020

Net portfolio holdings of

Credit Facilities LLCs

Outstanding

principal Outstanding

amount amount of Treasury

of loan facility contributions

extended to asset and

Credit Facilities LLCs:

the LLC1 purchases2 other assets3 Total

Commercial Paper Funding Facility II LLC 0 0 8,559 8,559

Corporate Credit Facilities LLC 13,393 13,532 32,131 45,663

MS Facilities LLC (Main Street Lending Program) 4,234 4,140 37,543 41,683

Municipal Liquidity Facility LLC 1,651 1,651 14,901 16,552

TALF II LLC 3,753 3,675 8,591 12,266

Note: Components may not sum to totals because of rounding.

1. Book value. This amount was eliminated when preparing the Federal Reserve Banks’ statement of condition consistent with consolidation under

generally accepted accounting principles. Refer to the note on consolidation accompanying table 6. Loans are extended from the Federal Reserve

Bank to the LLC upon settlement of the investment activity.

2. Outstanding amount of facility asset purchases:

a. For the Commercial Paper Funding Facility II LLC includes commercial paper at book value.

b. For the Corporate Credit Facilities LLC includes exchange traded-funds at fair value and corporate bonds at book value. Asset balances

 from trading activity are reported on a one-day lag after the transaction date.

c. For the MS Facilities LLC (Main Street Lending Program) includes loan participations, net of an allowance for loan losses updated as of

 September 30, 2020, at face value.

d. For the Municipal Liquidity Facility LLC includes municipal notes at book value. Asset balances from trading activity may be reported on

 a one-day lag after the transaction date.

e. For the TALF II LLC includes loans to holders of eligible asset-backed securities at book value.

3. Includes short term receivables, interest and dividend receivables, and other assets of the facility. Also includes the portion of the Treasury

contribution to the credit facilities, which is held as investments in nonmarketable Treasury securities and the residual portion which is held as cash

and cash equivalents at the FRBNY. The amount of cash and cash equivalents held at the FRBNY are eliminated in consolidation and, as result, are

excluded from net portfolio holdings in Tables 1, 5, and 6. Amounts excluded are initially 15% of Treasury contributions to the credit facilities from the

following consolidated LLCs: Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC, Municipal Liquidity Facility LLC, and TALF II

LLC. Refer to the note on consolidation accompanying table 6.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Nov 4, 2020 Oct 28, 2020 Nov 6, 2019

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,481 + 3 - 193

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 6,945,910 + 8,962 +2,974,463

Securities held outright1 6,540,758 + 10,919 +2,898,317

U.S. Treasury securities 4,538,087 + 10,901 +2,343,769

Bills2 326,044 0 + 260,034

Notes and bonds, nominal2 3,872,732 + 9,469 +1,891,737

Notes and bonds, inflation-indexed2 297,163 + 1,201 + 174,392

Inflation compensation3 42,148 + 230 + 17,606

Federal agency debt securities2 2,347 0 0

Mortgage-backed securities4 2,000,324 + 19 + 554,548

Unamortized premiums on securities held outright5 339,163 + 927 + 212,559

Unamortized discounts on securities held outright5 -4,672 - 83 + 8,109

Repurchase agreements6 1,000 0 - 214,160

Loans7 69,660 - 2,802 + 69,638

Net portfolio holdings of Commercial Paper Funding

Facility II LLC8 8,559 - 17 + 8,559

Net portfolio holdings of Corporate Credit Facilities LLC8 45,663 + 186 + 45,663

Net portfolio holdings of MS Facilities LLC (Main Street

Lending Program)8 41,683 + 410 + 41,683

Net portfolio holdings of Municipal Liquidity Facility LLC8 16,552 + 1 + 16,552

Net portfolio holdings of TALF II LLC8 12,266 + 503 + 12,266

Items in process of collection (0) 53 - 6 - 23

Bank premises 2,190 - 9 + 4

Central bank liquidity swaps9 7,248 + 449 + 7,202

Foreign currency denominated assets10 21,644 - 28 + 1,037

Other assets11 37,993 + 719 + 10,822

Total assets (0) 7,157,479 + 11,173 +3,118,036

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Nov 4, 2020 Oct 28, 2020 Nov 6, 2019

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 2,001,134 + 5,087 + 264,399

Reverse repurchase agreements12 193,037 - 8,856 - 95,459

Deposits (0) 4,799,036 + 12,932 +2,830,255

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,979,537 + 32,281 +1,450,780

U.S. Treasury, General Account 1,618,568 - 34,471 +1,240,384

Foreign official 21,264 + 13 + 16,081

Other13 (0) 179,666 + 15,108 + 123,009

Deferred availability cash items (0) 155 - 661 - 43

Treasury contributions to credit facilities14 114,000 0 + 114,000

Other liabilities and accrued dividends15 10,895 + 2,673 + 4,979

Total liabilities (0) 7,118,258 + 11,176 +3,118,132

Capital accounts

Capital paid in 32,396 - 3 - 97

Surplus 6,825 0 0

Other capital accounts 0 0 0

Total capital 39,221 - 3 - 97

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,

MS Facilities LLC of $37.5 billion, Municipal Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 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.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, November 4, 2020

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas 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 1,481 28 32 124 82 207 147 251 27 42 100 169 271

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans1 6,945,910 161,613 3,572,272 163,250 217,419 434,684 510,343 387,429 110,439 72,570 115,184 334,236 866,471

Net portfolio holdings of Commercial

Paper Funding Facility II LLC2 8,559 0 8,559 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Corporate

Credit Facilities LLC2 45,663 0 45,663 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of MS

Facilities LLC (Main Street Lending

Program)2 41,683 41,683 0 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Municipal

Liquidity Facility LLC2 16,552 0 16,552 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF II LLC2 12,266 0 12,266 0 0 0 0 0 0 0 0 0 0

Central bank liquidity swaps3 7,248 344 2,436 261 619 1,530 359 281 119 57 76 86 1,079

Foreign currency denominated

assets4 21,644 1,027 7,276 779 1,849 4,568 1,073 840 355 169 228 257 3,222

Other assets5 40,236 2,507 18,121 985 1,324 2,784 3,031 2,275 804 524 943 2,051 4,887

Interdistrict settlement account 0 - 36,506 + 282,017 - 24,813 + 66,682 + 123,902 - 119,257 - 32,165 - 21,969 - 13,200 - 23,105 - 48,641 - 152,945

Total assets 7,157,479 171,229 3,970,677 141,114 288,737 568,839 397,880 360,049 90,254 60,433 93,878 289,360 725,030

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, November 4, 2020 (continued)

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Liabilities

Federal Reserve notes, net 2,001,134 61,643 667,315 55,426 93,212 138,509 279,797 129,607 59,208 33,012 54,726 168,386 260,292

Reverse repurchase agreements6 193,037 4,335 99,946 4,404 6,040 12,098 14,226 10,782 3,050 1,824 3,070 9,303 23,958

Deposits 4,799,036 64,046 3,109,747 79,581 185,742 409,235 101,296 217,534 27,016 24,946 35,388 110,527 433,979

Depository institutions 2,979,537 64,027 1,397,260 79,580 185,707 408,424 101,199 112,554 27,007 24,894 35,364 109,666 433,857

U.S. Treasury, General Account 1,618,568 0 1,618,568 0 0 0 0 0 0 0 0 0 0

Foreign official 21,264 2 21,238 1 3 8 2 2 1 0 0 0 6

Other7 179,666 16 72,682 0 32 803 95 104,979 8 52 24 861 115

Earnings remittances due to the U.S.

Treasury8 2,230 55 1,154 49 66 99 179 128 44 26 39 110 280

Treasury contributions to credit facilities9 114,000 39,000 75,000 0 0 0 0 0 0 0 0 0 0

Other liabilities and accrued

dividends 8,820 317 4,345 245 296 721 583 467 208 296 234 370 739

Total liabilities 7,118,258 169,396 3,957,508 139,706 285,356 560,662 396,081 358,518 89,526 60,104 93,457 288,696 719,249

Capital

Capital paid in 32,396 1,508 10,876 1,162 2,798 6,737 1,461 1,266 616 275 349 583 4,765

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 7,157,479 171,229 3,970,677 141,114 288,737 568,839 397,880 360,049 90,254 60,433 93,878 289,360 725,030

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, November 4, 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, MS Facilities LLC of $37.5 billion, and

Municipal Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 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) and the Federal Reserve Bank of Boston (FRBB) have extended loans to 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 dollardenominated commercial paper by eligible issuers. The assets of the CPFF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from 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 and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 5, 2020, FRBNY began

extending loans to the Municipal Liquidity Facility LLC (MLF LLC), a limited liability company formed to purchase municipal notes from eligible issuers. The assets of the MLF LLC and the amount

provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 25, 2020, FRBNY began extending loans to the TALF II LLC, a special purpose

vehicle that was formed to help support the flow of credit to consumers and businesses. The assets of the TALF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are

used to secure the loan from the FRBNY. On July 15, 2020, the FRBB began extending loans to the MS Facilities LLC (Main Street Lending Program), a special purpose vehicle that was formed to help

ensure credit flows to small and medium-sized businesses and to eligible nonprofits. The assets of the MS Facilities LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are

used to secure the loan from the FRBB.

The FRBNY is the managing member of CPFF II LLC, CCF LLC, MLF LLC, and TALF II LLC. The FRBB is the managing member of MS Facilities LLC (Main Street Lending Program). 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 or FRBB, 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 or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appears as assets on table 6 (and in

table 1 and table 5), and the liabilities of the LLC to entities other than the FRBNY or FRBB, 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 5). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on table 6 (and in table 1 and table 5).
H.4.1

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday Federal Reserve notes and collateral Nov 4, 2020

Federal Reserve notes outstanding 2,157,430

Less: Notes held by F.R. Banks not subject to collateralization 156,296

Federal Reserve notes to be collateralized 2,001,134

Collateral held against Federal Reserve notes 2,001,134

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,984,897

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,541,758

Less: Face value of securities under reverse repurchase agreements 183,714

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,358,044

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.