FEDERAL RESERVE statistical release

For Release at
4:30 P.M. Eastern time
May 14, 2020

Note: This cover note was revised on May 15, 2020, to provide clarification about the reporting lags for CCF
LLC.                                                                                                        

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 Primary
Market Corporate Credit Facility (PMCCF) and Secondary Market Corporate Credit Facility (SMCCF). These facilities
operate through the Corporate Credit Facility LLC (CCF LLC), a special purpose vehicle that was formed to
support credit to employers through bond and loan issuances and to provide liquidity to the market for outstanding
corporate bonds.                                                                                            

On March 23, 2020, the Federal Reserve announced the PMCCF and SMCCF. On May 12, 2020, the Federal Reserve
Bank of New York (FRBNY) extended credit to the CCF LLC under the authority of section 13(3) of the Federal
Reserve Act, with approval of the Treasury Secretary, and the CCF LLC began purchasing eligible bonds and loans.

Consistent with generally accepted accounting principles, the assets and liabilities of CCF 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 the release because the FRBNY is the managing member of CCF LLC. CCF asset balances
from trading activity are reported in this release on a one-day lag after the transaction date. The net portfolio
holdings of CCF 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 CCF LLC is separately presented in a
new line "Treasury contributions to credit facilities" in tables 1, 4, and 5. Additionally, amounts provided by
the U.S. Treasury as credit protection to the Commercial Paper Funding Facility II LLC previously included in
"Other liabilities" is now included in "Treasury contributions to credit facilities" in tables 1, 4, and 5. 

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                     May 14, 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 13, 2020 
Federal Reserve Banks                                     May 13, 2020  May 6, 2020 May 15, 2019              

Reserve Bank credit                                         6,742,165   +   78,465   +2,891,665    6,895,709  
  Securities held outright (1)                              5,672,975   +   67,473   +1,973,178    5,843,376  
    U.S. Treasury securities                                4,039,589   +   41,575   +1,916,758    4,057,268  
      Bills (2)                                               326,044            0   +  325,944      326,044  
      Notes and bonds, nominal (2)                          3,426,259   +   35,847   +1,441,242    3,442,616  
      Notes and bonds, inflation-indexed (2)                  250,766   +    5,357   +  135,405      252,016  
      Inflation compensation (3)                               36,520   +      371   +   14,167       36,592  
    Federal agency debt securities (2)                          2,347            0            0        2,347  
    Mortgage-backed securities (4)                          1,631,040   +   25,899   +   56,421    1,783,761  
  Unamortized premiums on securities held outright (5)        289,693   +    4,264   +  156,003      297,516  
  Unamortized discounts on securities held outright (5)        -5,422   +      209   +    7,524       -5,354  
  Repurchase agreements (6)                                   182,487   +    9,558   +  182,468      157,354  
    Foreign official                                            1,402   +    1,402   +    1,402        1,404  
    Others                                                    181,086   +    8,157   +  181,067      155,950  
  Loans                                                       114,244   -    4,486   +  114,200      114,927  
    Primary credit                                             24,943   -    4,970   +   24,936       24,239  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 2   +        2   -       36            0  
    Primary Dealer Credit Facility                             12,044   -    7,026   +   12,044       10,288  
    Money Market Mutual Fund Liquidity Facility                41,333   -    3,362   +   41,333       39,820  
    Paycheck Protection Program Liquidity Facility             35,923   +   10,871   +   35,923       40,580  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Commercial Paper Funding      
    Facility II LLC (7)                                         4,246   +      272   +    4,246        4,292  
  Net portfolio holdings of Corporate Credit Facility     
  LLC (7)                                                          44   +       44   +       44          305  
  Float                                                          -181   +       94   +        7         -239  
  Central bank liquidity swaps (8)                            442,838   -    2,127   +  442,788      440,934  
  Other Federal Reserve assets (9)                             41,239   +    3,162   +   11,204       42,599  
Foreign currency denominated assets (10)                       20,498   -      155   -      240       20,484  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,303   +       14   +      402       50,303  
                                                                                                              
Total factors supplying reserve funds                       6,829,207   +   78,324   +2,891,826    6,982,738  

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 13, 2020 
Federal Reserve Banks                                     May 13, 2020  May 6, 2020 May 15, 2019              

Currency in circulation (11)                                 1,925,729   +    9,645   +  194,132    1,929,840 
Reverse repurchase agreements (12)                             274,149   +    3,475   +   14,846      281,150 
  Foreign official and international accounts                  271,607   +    2,430   +   12,785      267,325 
  Others                                                         2,542   +    1,045   +    2,060       13,825 
Treasury cash holdings                                             293   -        8   -       26          277 
Deposits with F.R. Banks, other than reserve balances        1,390,110   +   50,129   +  999,216    1,400,534 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                             1,177,494   +   50,004   +  853,708    1,138,172 
  Foreign official                                              16,334   -       16   +   11,089       16,328 
  Other (13)                                                   196,282   +      140   +  134,420      246,034 
Treasury contributions to credit facilities (14)                26,073   +   26,073   +   26,073       47,500 
Other liabilities and capital (15)                              55,923   -    8,982   +   10,523       60,005 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  3,672,278   +   80,333   +1,244,764    3,719,306 
                                                                                                              
Reserve balances with Federal Reserve Banks                  3,156,929   -    2,009   +1,647,062    3,263,431 

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. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC and Corporate      
    Credit Facility LLC.                                                                                
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 13, 2020 
                                                          May 13, 2020  May 6, 2020 May 15, 2019              

Securities held in custody for foreign official and       
     international accounts                                  3,366,532   +   21,139   -  102,865    3,375,386 
  Marketable U.S. Treasury securities (1)                    2,900,702   +   21,211   -  161,754    2,907,742 
  Federal agency debt and mortgage-backed securities (2)       381,058   +      602   +   48,240      383,643 
  Other securities (3)                                          84,772   -      675   +   10,649       84,001 
Securities lent to dealers                                      33,392   -    5,058   +   11,889       34,803 
  Overnight facility (4)                                        33,392   -    5,058   +   11,889       34,803 
    U.S. Treasury securities                                    33,392   -    5,058   +   11,889       34,803 
    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 13, 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)                                   11,369        50,011        12,967        40,580             0           ...       114,927 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                 102,681       217,461       561,643     1,584,494       686,628       904,361     4,057,268 
  Weekly changes                        -    2,079    +    3,825    +    3,126    +   15,910    +   10,818    +    5,476    +   37,077 
Federal agency debt securities (3)                                                                                                     
  Holdings                                       0             0             0             0         1,151         1,196         2,347 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             5         2,014        79,044     1,702,697     1,783,761 
  Weekly changes                                 0             0             0             0    +       97    +  178,283    +  178,381 
Commercial paper held by Commercial                                                                                                    
  Paper Funding Facility II LLC (5)              0         4,255             0           ...           ...           ...         4,255 
Repurchase agreements (6)                   10,204       147,150           ...           ...           ...           ...       157,354 
Central bank liquidity swaps (7)            14,425       426,509             0             0             0             0       440,934 
Reverse repurchase agreements (6)          281,150             0           ...           ...           ...           ...       281,150 
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 and Corporate Credit 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 13, 2020  

Mortgage-backed securities held outright (1)                                                                             1,783,761  
  Residential mortgage-backed securities                                                                                 1,775,151  
  Commercial mortgage-backed securities                                                                                      8,610  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                          182,145  
Commitments to sell mortgage-backed securities (2)                                                                           1,700  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   16  



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 13, 2020   Wednesday    Wednesday  
                                                        consolidation                 May 6, 2020 May 15, 2019 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,509   -       48   -      169  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     6,407,819   +  212,891   +2,600,976  
    Securities held outright (1)                                          5,843,376   +  215,458   +2,157,001  
      U.S. Treasury securities                                            4,057,268   +   37,077   +1,942,824  
        Bills (2)                                                           326,044            0   +  325,944  
        Notes and bonds, nominal (2)                                      3,442,616   +   33,100   +1,466,051  
        Notes and bonds, inflation-indexed (2)                              252,016   +    3,750   +  136,655  
        Inflation compensation (3)                                           36,592   +      227   +   14,175  
      Federal agency debt securities (2)                                      2,347            0            0  
      Mortgage-backed securities (4)                                      1,783,761   +  178,381   +  214,177  
    Unamortized premiums on securities held outright  
    (5)                                                                     297,516   +   11,014   +  164,047  
    Unamortized discounts on securities held outright 
    (5)                                                                      -5,354   +      180   +    7,710  
    Repurchase agreements (6)                                               157,354   -   15,346   +  157,354  
    Loans (7)                                                               114,927   +    1,585   +  114,863  
  Net portfolio holdings of Commercial Paper          
    Funding Facility II LLC (8)                                               4,292   +      304   +    4,292  
  Net portfolio holdings of Corporate Credit          
  Facility LLC (8)                                                              305   +      305   +      305  
  Items in process of collection                                   (0)           49   +       19   -       70  
  Bank premises                                                               2,205   +        2   +        9  
  Central bank liquidity swaps (9)                                          440,934   -    3,951   +  440,884  
  Foreign currency denominated assets (10)                                   20,484   -       37   -      227  
  Other assets (11)                                                          40,394   +    3,325   +   23,480  
                                                                                                               
Total assets                                                       (0)    6,934,227   +  212,807   +3,069,478  

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 13, 2020   Wednesday    Wednesday  
                                                        consolidation                 May 6, 2020 May 15, 2019 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,881,319   +    7,994   +  196,978 
  Reverse repurchase agreements (12)                                         281,150   +   15,944   +   17,225 
  Deposits                                                          (0)    4,663,966   +  145,427   +2,792,583 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         3,263,431   +   97,825   +1,747,012 
    U.S. Treasury, General Account                                         1,138,172   -    5,096   +  843,203 
    Foreign official                                                          16,328   -        8   +   11,082 
    Other (13)                                                      (0)      246,034   +   52,705   +  191,284 
  Deferred availability cash items                                  (0)          288   +       16   -       45 
  Treasury contributions to credit facilities (14)                            47,500   +   47,500   +   47,500 
  Other liabilities and accrued dividends (15)                                21,114   -    4,094   +   15,734 
                                                                                                               
Total liabilities                                                   (0)    6,895,336   +  212,787   +3,069,974 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,066   +       20   -      496 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,891   +       20   -      496 

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. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC and Corporate      
    Credit Facility LLC.                                                                                
15. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



5. Statement of Condition of Each Federal Reserve Bank, May 13, 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                                             1,509          31          44          139          83         208         144         254          20          40          99         171         276
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans (1)                             6,407,819     184,010   3,295,676      145,186     197,618     398,899     466,736     355,976     101,076      61,523     103,483     305,519     792,115
  Net portfolio holdings of Commercial      
     Paper Funding Facility II LLC (2)             4,292           0       4,292            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Corporate       
    Credit Facility LLC (2)                          305           0         305            0           0           0           0           0           0           0           0           0           0
  Central bank liquidity swaps (3)               440,934      20,930     148,182       15,867      37,680      93,067      21,869      17,123       7,228       3,453       4,650       5,235      65,651
  Foreign currency denominated                                                                                                                                                                           
     assets (4)                                   20,484         972       6,886          737       1,750       4,323       1,016         795         336         160         216         243       3,049
  Other assets (5)                                42,648       1,085      20,833        1,021       1,404       2,971       3,195       2,403         839         551         969       2,204       5,172
  Interdistrict settlement account                     0  -   67,683  +  452,625   -   10,660  -   25,331  +   18,946  -  104,249  -   14,887  -   21,092  -   15,583  -   15,409  -    3,179  -  193,498
                                                                                                                                                                                                         
Total assets                                   6,934,227     139,879   3,934,325      152,820     213,966     519,579     390,894     362,801      88,886      50,415      94,458     311,396     674,810

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 13, 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                   1,881,319      58,151     624,276      51,301      85,397     126,493     258,722     123,412      58,621      30,366      51,187     155,215     258,179
  Reverse repurchase agreements (6)              281,150       6,314     145,567       6,414       8,796      17,621      20,720      15,704       4,442       2,657       4,471      13,550      34,894
  Deposits                                     4,663,966      73,036   3,093,542      93,167     115,761     365,733     107,988     220,958      24,779      16,506      37,945     140,963     373,587
    Depository institutions                    3,263,431      73,025   1,826,539      93,166     114,762     364,895     101,112     107,054      24,770      16,451      31,856     136,220     373,581
    U.S. Treasury, General Account             1,138,172           0   1,138,172           0           0           0           0           0           0           0           0           0           0
    Foreign official                              16,328           2      16,302           1           3           8           2           2           1           0           0           0           6
    Other (7)                                    246,034           9     112,529           0         996         830       6,874     113,902           8          54       6,089       4,742           0
  Earnings remittances due to the U.S.      
     Treasury (8)                                  2,095          50       1,107          45          63         125         157         112          31          16          29         100         258
  Treasury contributions to credit          
     facilities (9)                               47,500           0      47,500           0           0           0           0           0           0           0           0           0           0
  Other liabilities and accrued             
     dividends                                    19,307         499       9,330         505         651       1,420       1,407       1,101         377         545         410         916       2,145
                                                                                                                                                                                                        
Total liabilities                              6,895,336     138,050   3,921,323     151,431     210,668     511,393     388,994     361,287      88,251      50,089      94,042     310,744     669,064
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,066       1,505      10,709       1,143       2,714       6,745       1,561       1,249         523         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                  6,934,227     139,879   3,934,325     152,820     213,966     519,579     390,894     362,801      88,886      50,415      94,458     311,396     674,810

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 13, 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.                                                                         
9.  Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC and Corporate Credit Facility LLC.                                                                                 
                                                                                                                                                                                                            


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 Facility 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 and CCF 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, the 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 13, 2020  

Federal Reserve notes outstanding                                                            2,038,395  
  Less: Notes held by F.R. Banks not subject to collateralization                              157,076  
    Federal Reserve notes to be collateralized                                               1,881,319  
Collateral held against Federal Reserve notes                                                1,881,319  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,865,082  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       6,000,730  
  Less: Face value of securities under reverse repurchase agreements                           262,667  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        5,738,062  

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.