FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    June 25, 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  Jun 24, 2020 
Federal Reserve Banks                                     Jun 24, 2020 Jun 17, 2020 Jun 26, 2019              

Reserve Bank credit                                         7,009,664   -   75,503   +3,214,091    7,043,367  
  Securities held outright (1)                              6,115,130   +   36,505   +2,462,634    6,143,193  
    U.S. Treasury securities                                4,183,368   +   20,098   +2,073,175    4,197,404  
      Bills (2)                                               326,044            0   +  326,039      326,044  
      Notes and bonds, nominal (2)                          3,556,714   +   18,489   +1,586,444    3,570,924  
      Notes and bonds, inflation-indexed (2)                  264,552   +    1,858   +  148,036      264,552  
      Inflation compensation (3)                               36,058   -      249   +   12,657       35,884  
    Federal agency debt securities (2)                          2,347            0            0        2,347  
    Mortgage-backed securities (4)                          1,929,415   +   16,407   +  389,459    1,943,441  
  Unamortized premiums on securities held outright (5)        312,183   +    1,830   +  180,865      313,854  
  Unamortized discounts on securities held outright (5)        -5,340   +       68   +    7,577       -5,319  
  Repurchase agreements (6)                                    73,129   -   47,300   +   73,129       70,201  
    Foreign official                                                0            0            0            1  
    Others                                                     73,129   -   47,300   +   73,129       70,200  
  Loans                                                        93,958   -    2,444   +   93,858       95,360  
    Primary credit                                              7,123   -      816   +    7,101        6,237  
    Secondary credit                                                0            0            0            1  
    Seasonal credit                                                12            0   -       66           13  
    Primary Dealer Credit Facility                              3,980   -    1,641   +    3,980        3,624  
    Money Market Mutual Fund Liquidity Facility                23,468   -    2,136   +   23,468       22,889  
    Paycheck Protection Program Liquidity Facility             59,374   +    2,148   +   59,374       62,597  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Commercial Paper Funding      
    Facility II LLC (7)                                        12,797   +        1   +   12,797       12,798  
  Net portfolio holdings of Corporate Credit Facilities   
  LLC (7)                                                      39,956   +    1,846   +   39,956       40,617  
  Net portfolio holdings of MS Facilities LLC (Main       
    Street Lending Program) (7)                                32,680   +      805   +   32,680       37,502  
  Net portfolio holdings of Municipal Liquidity           
  Facility LLC (7)                                             16,079   +        1   +   16,079       16,080  
  Net portfolio holdings of TALF II LLC (7)                     7,286   +    7,286   +    7,286        8,500  
  Float                                                          -183   +       46   -       19         -212  
  Central bank liquidity swaps (8)                            276,697   -   75,887   +  276,679      274,963  
  Other Federal Reserve assets (9)                             35,294   +    1,741   +   10,572       35,830  
Foreign currency denominated assets (10)                       20,920   -        3   -      111       20,958  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,387   +       14   +      462       50,387  
                                                                                                              
Total factors supplying reserve funds                       7,097,213   -   75,492   +3,214,443    7,130,953  

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  Jun 24, 2020 
Federal Reserve Banks                                     Jun 24, 2020 Jun 17, 2020 Jun 26, 2019              

Currency in circulation (11)                                 1,961,296   +    4,369   +  223,081    1,963,978 
Reverse repurchase agreements (12)                             223,765   -    9,200   -   54,645      220,362 
  Foreign official and international accounts                  223,761   -    8,579   -   37,958      220,361 
  Others                                                             4   -      622   -   16,687            1 
Treasury cash holdings                                              80   -       33   -      115           66 
Deposits with F.R. Banks, other than reserve balances        1,831,165   +   84,689   +1,514,890    1,848,380 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                             1,623,942   +   63,092   +1,375,640    1,586,573 
  Foreign official                                              16,227   -       23   +   10,974       16,222 
  Other (13)                                                   190,997   +   21,621   +  128,277      245,586 
Treasury contributions to credit facilities (14)               114,000   +    7,143   +  114,000      114,000 
Other liabilities and capital (15)                              48,150   -    2,725   +    3,211       46,510 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  4,178,457   +   84,243   +1,800,424    4,193,297 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,918,756   -  159,735   +1,414,019    2,937,657 

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.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Jun 24, 2020 
                                                          Jun 24, 2020 Jun 17, 2020 Jun 26, 2019              

Securities held in custody for foreign official and       
     international accounts                                  3,429,880   +   10,560   -   37,466    3,428,914 
  Marketable U.S. Treasury securities (1)                    2,968,883   +   12,150   -   74,648    2,970,551 
  Federal agency debt and mortgage-backed securities (2)       375,885   -    1,688   +   29,663      373,280 
  Other securities (3)                                          85,113   +       99   +    7,520       85,083 
Securities lent to dealers                                      29,199   -    4,462   +      428       31,735 
  Overnight facility (4)                                        29,199   -    4,462   +      428       31,735 
    U.S. Treasury securities                                    29,199   -    4,462   +      428       31,735 
    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.                                           








2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 24, 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)                                    8,632        16,444         7,687        62,597             0           ...        95,360 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                  64,328       274,008       605,122     1,592,447       735,883       925,617     4,197,404 
  Weekly changes                        -    6,037    -    2,143    +   17,236    +   10,672    +    6,724    +    1,611    +   28,064 
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             5         2,266        80,708     1,860,462     1,943,441 
  Weekly changes                                 0             0             0    -        1             0    +   24,701    +   24,700 
Commercial paper held by Commercial                                                                                                    
  Paper Funding Facility II LLC (5)              0         4,252             0           ...           ...           ...         4,252 
Loan participations held by MS                                                                                                         
  Facilities LLC (Main Street Lending                                                                                                   
  Program) (6)                                   0             0             0             0           ...           ...             0 
Municipal notes held by Municipal                                                                                                      
  Liquidity Facility LLC (7)                     0             0         1,200             0           ...           ...         1,200 
Loans held by TALF II LLC (8)                    0             0             0             0           ...           ...             0 
Repurchase agreements (9)                   70,201             0           ...           ...           ...           ...        70,201 
Central bank liquidity swaps (10)          180,952        94,011             0             0             0             0       274,963 
Reverse repurchase agreements (9)          220,362             0           ...           ...           ...           ...       220,362 
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.     






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jun 24, 2020  

Mortgage-backed securities held outright (1)                                                                             1,943,441  
  Residential mortgage-backed securities                                                                                 1,934,299  
  Commercial mortgage-backed securities                                                                                      9,142  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           79,174  
Commitments to sell mortgage-backed securities (2)                                                                              84  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   58  



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
Credit Facilities LLCs:                                                  Wednesday Jun 24, 2020               
                                                                              Net portfolio holdings of       
                                                                               Credit Facilities LLCs         
                                                           Outstanding                                        
                                                            principal   Outstanding                           
                                                             amount      amount of    Treasury                
                                                             of loan     facility   contributions             
                                                           extended to     asset         and                  
                                                           the LLC (1) purchases (2)other assets (3)    Total    

Commercial Paper Funding Facility II LLC                         4,243        4,252        8,547       12,798 
Corporate Credit Facilities LLC                                  8,334        8,710       31,907       40,617 
MS Facilities LLC (Main Street Lending Program)                      0            0       37,502       37,502 
Municipal Liquidity Facility LLC                                 1,200        1,200       14,880       16,080 
TALF II LLC                                                          0            0        8,500        8,500 

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 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.                                                                                                  





5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jun 24, 2020   Wednesday    Wednesday  
                                                        consolidation                Jun 17, 2020 Jun 26, 2019 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,455   +       24   -      229  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     6,617,290   +   47,118   +2,853,656  
    Securities held outright (1)                                          6,143,193   +   52,765   +2,497,864  
      U.S. Treasury securities                                            4,197,404   +   28,064   +2,087,148  
        Bills (2)                                                           326,044            0   +  326,039  
        Notes and bonds, nominal (2)                                      3,570,924   +   28,535   +1,600,654  
        Notes and bonds, inflation-indexed (2)                              264,552            0   +  148,036  
        Inflation compensation (3)                                           35,884   -      472   +   12,419  
      Federal agency debt securities (2)                                      2,347            0            0  
      Mortgage-backed securities (4)                                      1,943,441   +   24,700   +  410,715  
    Unamortized premiums on securities held outright  
    (5)                                                                     313,854   +    2,828   +  182,828  
    Unamortized discounts on securities held outright 
    (5)                                                                      -5,319   +       47   +    7,586  
    Repurchase agreements (6)                                                70,201   -    8,852   +   70,201  
    Loans (7)                                                                95,360   +      329   +   95,176  
  Net portfolio holdings of Commercial Paper          
    Funding Facility II LLC (8)                                              12,798   +        1   +   12,798  
  Net portfolio holdings of Corporate Credit          
  Facilities LLC (8)                                                         40,617   +    1,701   +   40,617  
  Net portfolio holdings of MS Facilities LLC (Main   
    Street Lending Program) (8)                                              37,502   +    5,626   +   37,502  
  Net portfolio holdings of Municipal Liquidity       
  Facility LLC (8)                                                           16,080   +        1   +   16,080  
  Net portfolio holdings of TALF II LLC (8)                                   8,500   +    8,500   +    8,500  
  Items in process of collection                                   (0)           73   +       22   +        5  
  Bank premises                                                               2,202            0   +       11  
  Central bank liquidity swaps (9)                                          274,963   -   77,507   +  274,945  
  Foreign currency denominated assets (10)                                   20,958   +       92   -      102  
  Other assets (11)                                                          33,628   +    2,034   +   11,704  
                                                                                                               
Total assets                                                       (0)    7,082,302   -   12,388   +3,255,485  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jun 24, 2020   Wednesday    Wednesday  
                                                        consolidation                Jun 17, 2020 Jun 26, 2019 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,915,107   +    4,221   +  221,103 
  Reverse repurchase agreements (12)                                         220,362   -    5,100   -   51,827 
  Deposits                                                          (0)    4,786,037   -    9,593   +2,970,424 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,937,657   -  131,782   +1,429,206 
    U.S. Treasury, General Account                                         1,586,573   +   21,267   +1,345,664 
    Foreign official                                                          16,222   -       25   +   10,973 
    Other (13)                                                      (0)      245,586   +  100,949   +  184,582 
  Deferred availability cash items                                  (0)          285   +       17   -       54 
  Treasury contributions to credit facilities (14)                           114,000            0   +  114,000 
  Other liabilities and accrued dividends (15)                                 7,599   -    1,932   +    2,147 
                                                                                                               
Total liabilities                                                   (0)    7,043,391   -   12,385   +3,255,794 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,086   -        4   -      309 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,911   -        4   -      309 

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.                               

 



6. Statement of Condition of Each Federal Reserve Bank, June 24, 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                                             1,455          26          38          126          81         199         149         243          26          39          90         164         273
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans (1)                             6,617,290     172,125   3,396,053      153,154     205,797     414,371     484,831     368,405     105,010      65,602     110,121     317,144     824,676
  Net portfolio holdings of Commercial      
     Paper Funding Facility II LLC (2)            12,798           0      12,798            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Corporate       
    Credit Facilities LLC (2)                     40,617           0      40,617            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of MS                                                                                                                                                                           
    Facilities LLC (Main Street Lending                                                                                                                                                                  
    Program) (2)                                  37,502      37,502           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Municipal       
    Liquidity Facility LLC (2)                    16,080           0      16,080            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF II LLC (2)        8,500           0       8,500            0           0           0           0           0           0           0           0           0           0
  Central bank liquidity swaps (3)               274,963      13,051      92,405        9,895      23,497      58,036      13,637      10,678       4,507       2,153       2,900       3,264      40,939
  Foreign currency denominated                                                                                                                                                                           
     assets (4)                                   20,958         995       7,045          754       1,791       4,423       1,039         814         344         164         221         249       3,120
  Other assets (5)                                35,903       2,436      15,858          870       1,183       2,535       2,721       2,028         698         460         847       1,927       4,340
  Interdistrict settlement account                     0  -   66,677  +  487,505   -   19,387  -    1,791  -    4,518  -  111,107  -   27,019  -   23,407  -   14,095  -   23,826  -   25,079  -  170,597
                                                                                                                                                                                                         
Total assets                                   7,082,302     159,991   4,082,382      145,941     231,319     476,211     393,454     356,285      87,657      54,593      90,803     298,871     704,795

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, June 24, 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                   1,915,107      57,884     643,103      53,757      85,825     124,558     263,946     125,725      58,461      30,708      52,854     162,852     255,436
  Reverse repurchase agreements (6)              220,362       4,949     114,094       5,027       6,894      13,811      16,240      12,308       3,482       2,083       3,504      10,620      27,350
  Deposits                                     4,786,037      55,972   3,234,381      85,480     134,967     328,872     110,705     216,219      24,870      21,042      33,789     124,339     415,401
    Depository institutions                    2,937,657      55,942   1,477,943      85,479     134,928     328,074     109,502     129,856      24,867      20,988      32,914     121,769     415,395
    U.S. Treasury, General Account             1,586,573           0   1,586,573           0           0           0           0           0           0           0           0           0           0
    Foreign official                              16,222           2      16,195           1           3           8           2           2           1           0           0           0           6
    Other (7)                                    245,586          27     153,670           0          35         790       1,201      86,362           3          53         874       2,570           0
  Earnings remittances due to the U.S.      
     Treasury (8)                                  1,423          34         742          31          47          96         104          75          21          10          20          64         178
  Treasury contributions to credit          
     facilities (9)                              114,000      39,000      75,000           0           0           0           0           0           0           0           0           0           0
  Other liabilities and accrued             
     dividends                                     6,462         324       2,055         239         287         688         556         442         188         425         219         344         695
                                                                                                                                                                                                        
Total liabilities                              7,043,391     158,162   4,069,375     144,534     228,021     468,025     391,550     354,770      87,021      54,267      90,386     298,219     699,060
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,086       1,506      10,714       1,161       2,715       6,745       1,565       1,250         523         272         344         571       4,719
  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                  7,082,302     159,991   4,082,382     145,941     231,319     476,211     393,454     356,285      87,657      54,593      90,803     298,871     704,795

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, June 24, 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) 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 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.                                                                                                                    
The FRBNY is the managing member of CPFF II LLC, CCF LLC, MLF LLC, and TALF II LLC. The Federal Reserve Bank of Boston (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).
                                                                                                                                                       




7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Jun 24, 2020  

Federal Reserve notes outstanding                                                            2,071,729  
  Less: Notes held by F.R. Banks not subject to collateralization                              156,621  
    Federal Reserve notes to be collateralized                                               1,915,107  
Collateral held against Federal Reserve notes                                                1,915,107  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,898,871  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       6,213,394  
  Less: Face value of securities under reverse repurchase agreements                           208,343  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        6,005,051  

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.