FEDERAL RESERVE statistical release

For Release at
4:30 P.M. Eastern time
June 11, 2020

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks," has been modified to include information related to Municipal
Liquidity Facility LLC (MLF). The MLF LLC was introduced on the H.4.1 cover note on May 28, 2020
https://www.federalreserve.gov/releases/h41/20200528/. On June 2, 2020, the MLF LLC began purchasing eligible municipal notes
and on June 5, 2020 settlement of the first purchase transactions occurred. The Federal Reserve Bank of New
York extended credit to the MLF LLC under the authority of section 13(3) of the Federal Reserve Act, with
approval of the Treasury Secretary, at settlement of the investment activity. Information on the lending was added
to the note on consolidation. Municipal notes held by MLF LLC were added in the Maturity Distribution of
Securities, Loans, and Selected Other Assets and Liabilities (table 2).                                     

Additionally, the asset basis in table 2 for the "Commercial paper held by Commercial Paper Funding Facility
II LLC" and "Loan participations held by MS Facilities LLC (Main Street Lending Programs)" was updated to
reflect "Book value" for consistency with the presentation in tables 1, 4, and 5.                           

Pursuant to the MS Facilities LLC (Main Street Lending Program) agreements, 85% of the Treasury's equity
contributions were invested in nonmarketable Treasury securities and reported in "Net portfolio holdings of MS
Facilities LLC (Main Street Lending Program)" 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                                                    June 11, 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 10, 2020 
Federal Reserve Banks                                     Jun 10, 2020  Jun 3, 2020 Jun 12, 2019              

Reserve Bank credit                                         7,113,208   +   12,024   +3,303,148    7,129,995  
  Securities held outright (1)                              5,981,133   +   21,024   +2,313,487    5,988,351  
    U.S. Treasury securities                                4,143,191   +   20,750   +2,033,297    4,150,409  
      Bills (2)                                               326,044            0   +  325,994      326,044  
      Notes and bonds, nominal (2)                          3,520,488   +   19,064   +1,550,218    3,526,774  
      Notes and bonds, inflation-indexed (2)                  260,151   +    1,957   +  143,635      261,151  
      Inflation compensation (3)                               36,508   -      271   +   13,451       36,440  
    Federal agency debt securities (2)                          2,347            0            0        2,347  
    Mortgage-backed securities (4)                          1,835,595   +      273   +  280,190    1,835,595  
  Unamortized premiums on securities held outright (5)        306,110   +    1,095   +  173,862      306,816  
  Unamortized discounts on securities held outright (5)        -5,475   +       12   +    7,501       -5,452  
  Repurchase agreements (6)                                   184,315   -   15,399   +  184,315      167,300  
    Foreign official                                                0            0            0            0  
    Others                                                    184,314   -   15,400   +  184,314      167,300  
  Loans                                                        99,603   -    4,838   +   99,554       98,227  
    Primary credit                                              9,252   -    4,479   +    9,250        8,427  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                10   +        5   -       37           11  
    Primary Dealer Credit Facility                              5,846   +       64   +    5,846        5,829  
    Money Market Mutual Fund Liquidity Facility                28,168   -    3,493   +   28,168       26,977  
    Paycheck Protection Program Liquidity Facility             56,325   +    3,063   +   56,325       56,983  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Commercial Paper Funding      
    Facility II LLC (7)                                        12,795   +        1   +   12,795       12,796  
  Net portfolio holdings of Corporate Credit Facilities   
  LLC (7)                                                      36,820   +    1,248   +   36,820       37,374  
  Net portfolio holdings of MS Facilities LLC (Main       
    Street Lending Program) (7)                                 4,554   +    4,554   +    4,554       31,875  
  Net portfolio holdings of Municipal Liquidity           
  Facility LLC (7)                                             16,076   +    3,155   +   16,076       16,077  
  Float                                                          -185   +      395   -       10         -238  
  Central bank liquidity swaps (8)                            446,259   -      985   +  446,237      444,520  
  Other Federal Reserve assets (9)                             31,204   +    1,763   +    7,958       32,348  
Foreign currency denominated assets (10)                       20,852   +      117   -       75       21,015  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,359   +       14   +      446       50,359  
                                                                                                              
Total factors supplying reserve funds                       7,200,660   +   12,155   +3,303,518    7,217,611  

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 10, 2020 
Federal Reserve Banks                                     Jun 10, 2020  Jun 3, 2020 Jun 12, 2019              

Currency in circulation (11)                                 1,953,967   +    4,165   +  216,740    1,955,861 
Reverse repurchase agreements (12)                             241,622   -   11,450   -   29,789      240,814 
  Foreign official and international accounts                  241,441   -   10,773   -   28,148      240,802 
  Others                                                           181   -      676   -    1,641           12 
Treasury cash holdings                                             151   -       48   -       70          118 
Deposits with F.R. Banks, other than reserve balances        1,668,682   +   52,068   +1,412,586    1,676,628 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                             1,506,558   +   71,735   +1,318,998    1,504,569 
  Foreign official                                              16,370   +       93   +   11,093       16,256 
  Other (13)                                                   145,755   -   19,759   +   82,495      155,802 
Treasury contributions to credit facilities (14)               104,000   +   21,429   +  104,000      104,000 
Other liabilities and capital (15)                              50,012   +    1,226   +    4,789       49,536 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  4,018,433   +   67,389   +1,708,254    4,026,957 
                                                                                                              
Reserve balances with Federal Reserve Banks                  3,182,228   -   55,233   +1,595,265    3,190,654 

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, and Municipal
    Liquidity Facility LLC of $17.5 billion, and credit protection in the Money Market Mutual Fund      
    Liquidity Facility of $1.5 billion.                                                                 
15. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Jun 10, 2020 
                                                          Jun 10, 2020  Jun 3, 2020 Jun 12, 2019              

Securities held in custody for foreign official and       
     international accounts                                  3,407,056   +   17,281   -   54,057    3,417,828 
  Marketable U.S. Treasury securities (1)                    2,944,795   +   17,512   -  106,699    2,955,329 
  Federal agency debt and mortgage-backed securities (2)       377,347   +       14   +   44,417      377,319 
  Other securities (3)                                          84,914   -      245   +    8,224       85,180 
Securities lent to dealers                                      33,727   +    3,348   +    2,463       36,131 
  Overnight facility (4)                                        33,727   +    3,348   +    2,463       36,131 
    U.S. Treasury securities                                    33,727   +    3,348   +    2,463       36,131 
    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, June 10, 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)                                   10,453        22,000         9,991        55,783             0           ...        98,227 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                  42,873       292,827       586,718     1,581,035       725,316       921,640     4,150,409 
  Weekly changes                        -    6,710    +    9,208    -    2,529    +    5,862    +    5,923    +    4,299    +   16,053 
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         2,230        80,884     1,752,477     1,835,595 
  Weekly changes                                 0             0             0             0    +        1             0    +        1 
Commercial paper held by Commercial                                                                                                    
  Paper Funding Facility II LLC (5)              0         4,250             0           ...           ...           ...         4,250 
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 
Repurchase agreements (8)                   99,100        68,200           ...           ...           ...           ...       167,300 
Central bank liquidity swaps (9)           295,261       149,260             0             0             0             0       444,520 
Reverse repurchase agreements (8)          240,814             0           ...           ...           ...           ...       240,814 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Loans includes primary, secondary, and seasonal loans and credit extended through the Primary           
    Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity
    Facility, and other credit extensions. Loans exclude the loans from the Federal Reserve Bank of New 
    York (FRBNY) to Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC, and      
    Municipal Liquidity Facility LLC, 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.  Cash value of agreements.                                                                               
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.     






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jun 10, 2020  

Mortgage-backed securities held outright (1)                                                                             1,835,595  
  Residential mortgage-backed securities                                                                                 1,826,490  
  Commercial mortgage-backed securities                                                                                      9,106  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                          170,590  
Commitments to sell mortgage-backed securities (2)                                                                           5,620  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                  148  



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       Jun 10, 2020   Wednesday    Wednesday  
                                                        consolidation                 Jun 3, 2020 Jun 12, 2019 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,412   -       22   -      255  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     6,555,242   -   30,326   +2,768,257  
    Securities held outright (1)                                          5,988,351   +   16,054   +2,320,642  
      U.S. Treasury securities                                            4,150,409   +   16,053   +2,040,452  
        Bills (2)                                                           326,044            0   +  325,994  
        Notes and bonds, nominal (2)                                      3,526,774   +   14,350   +1,556,504  
        Notes and bonds, inflation-indexed (2)                              261,151   +    2,000   +  144,635  
        Inflation compensation (3)                                           36,440   -      297   +   13,320  
      Federal agency debt securities (2)                                      2,347            0            0  
      Mortgage-backed securities (4)                                      1,835,595   +        1   +  280,190  
    Unamortized premiums on securities held outright  
    (5)                                                                     306,816   +    1,547   +  174,626  
    Unamortized discounts on securities held outright 
    (5)                                                                      -5,452   +       52   +    7,514  
    Repurchase agreements (6)                                               167,300   -   44,250   +  167,300  
    Loans (7)                                                                98,227   -    3,729   +   98,174  
  Net portfolio holdings of Commercial Paper          
    Funding Facility II LLC (8)                                              12,796   +        1   +   12,796  
  Net portfolio holdings of Corporate Credit          
  Facilities LLC (8)                                                         37,374   +    1,220   +   37,374  
  Net portfolio holdings of MS Facilities LLC (Main   
    Street Lending Program) (8)                                              31,875   +   31,875   +   31,875  
  Net portfolio holdings of Municipal Liquidity       
  Facility LLC (8)                                                           16,077   +        2   +   16,077  
  Items in process of collection                                   (0)           40   -        1   -        3  
  Bank premises                                                               2,201   +        3   +        9  
  Central bank liquidity swaps (9)                                          444,520   -    2,425   +  444,498  
  Foreign currency denominated assets (10)                                   21,015   +      247   +      104  
  Other assets (11)                                                          30,147   +    3,145   +    8,249  
                                                                                                               
Total assets                                                       (0)    7,168,936   +    3,719   +3,318,981  

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       Jun 10, 2020   Wednesday    Wednesday  
                                                        consolidation                 Jun 3, 2020 Jun 12, 2019 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,907,027   +    3,367   +  216,766 
  Reverse repurchase agreements (12)                                         240,814   -    5,240   -   23,516 
  Deposits                                                          (0)    4,867,282   +    6,585   +3,017,084 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         3,190,654   -   66,781   +1,580,916 
    U.S. Treasury, General Account                                         1,504,569   +   73,107   +1,331,507 
    Foreign official                                                          16,256   -       25   +   11,012 
    Other (13)                                                      (0)      155,802   +      283   +   93,648 
  Deferred availability cash items                                  (0)          277   -      481   -       44 
  Treasury contributions to credit facilities (14)                           104,000            0   +  104,000 
  Other liabilities and accrued dividends (15)                                10,621   -      510   +    4,965 
                                                                                                               
Total liabilities                                                   (0)    7,130,021   +    3,721   +3,319,254 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,091   -        1   -      273 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,916   -        1   -      273 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Loans includes primary, secondary, and seasonal loans and credit extended through the Primary           
    Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity
    Facility, and other credit extensions.                                                              
8.  Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury      
    contributions to the facility. Refer to note on consolidation below.                                
9.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
10. Revalued daily at current foreign currency exchange rates.                                              
11. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also includes net portfolio holdings of Maiden Lane LLC.                       
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10             
    billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, and Municipal
    Liquidity Facility LLC of $17.5 billion, and credit protection in the Money Market Mutual Fund      
    Liquidity Facility of $1.5 billion.                                                                 
15. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



5. Statement of Condition of Each Federal Reserve Bank, June 10, 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                                             1,412          25          37          128          79         195         138         242          20          36          91         159         261
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans (1)                             6,555,242     174,990   3,365,747      151,107     203,141     409,580     480,082     364,306     103,986      64,346     108,947     313,947     815,063
  Net portfolio holdings of Commercial      
     Paper Funding Facility II LLC (2)            12,796           0      12,796            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Corporate       
    Credit Facilities LLC (2)                     37,374           0      37,374            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of MS                                                                                                                                                                           
    Facilities LLC (Main Street Lending                                                                                                                                                                  
    Program) (2)                                  31,875      31,875           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Municipal       
    Liquidity Facility LLC (2)                    16,077           0      16,077            0           0           0           0           0           0           0           0           0           0
  Central bank liquidity swaps (3)               444,520      21,100     149,387       15,996      37,986      93,824      22,047      17,263       7,287       3,481       4,688       5,278      66,185
  Foreign currency denominated                                                                                                                                                                           
     assets (4)                                   21,015         997       7,065          756       1,796       4,435       1,042         816         344         165         222         249       3,129
  Other assets (5)                                32,387       7,985       8,348          788       1,079       2,331       2,420       1,825         794         440         788       1,691       3,898
  Interdistrict settlement account                     0  -   66,492  +  441,696   -   13,786  +    6,063  -   12,235  -  116,700  -   27,578  -   24,683  -   12,965  -   21,164  -    6,366  -  145,792
                                                                                                                                                                                                         
Total assets                                   7,168,936     171,014   4,044,010      155,519     250,906     499,295     391,211     358,011      88,227      55,773      94,021     316,160     744,789

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, June 10, 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                   1,907,027      58,544     636,455      52,344      85,425     125,482     262,920     126,628      58,549      31,001      52,759     161,063     255,857
  Reverse repurchase agreements (6)              240,814       5,408     124,683       5,494       7,534      15,093      17,747      13,451       3,805       2,276       3,829      11,606      29,888
  Deposits                                     4,867,282      65,875   3,199,309      95,993     154,289     349,687     107,959     215,875      25,017      21,737      36,765     142,410     452,366
    Depository institutions                    3,190,654      65,862   1,622,531      95,991     154,257     348,161     107,855     123,422      25,013      21,678      33,894     139,629     452,359
    U.S. Treasury, General Account             1,504,569           0   1,504,569           0           0           0           0           0           0           0           0           0           0
    Foreign official                              16,256           2      16,230           1           3           8           2           2           1           0           0           0           6
    Other (7)                                    155,802          11      55,979           0          28       1,517         103      92,451           3          59       2,871       2,780           1
  Earnings remittances due to the U.S.      
     Treasury (8)                                  2,057          44       1,065          46          73         162         143         105          29          15          36          85         255
  Treasury contributions to credit          
     facilities (9)                              104,000      39,000      65,000           0           0           0           0           0           0           0           0           0           0
  Other liabilities and accrued             
     dividends                                     8,841         313       4,484         236         286         687         538         439         191         418         216         345         689
                                                                                                                                                                                                        
Total liabilities                              7,130,021     169,184   4,030,996     154,112     247,607     491,110     389,307     356,497      87,591      55,448      93,606     315,508     739,054
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,091       1,505      10,720       1,161       2,715       6,745       1,565       1,249         524         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                  7,168,936     171,014   4,044,010     155,519     250,906     499,295     391,211     358,011      88,227      55,773      94,021     316,160     744,789

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, June 10, 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 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, and MLF 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 5 (and in table 1 and table 4), 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 4). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB 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   
                                                                                          Jun 10, 2020  

Federal Reserve notes outstanding                                                            2,062,520  
  Less: Notes held by F.R. Banks not subject to collateralization                              155,493  
    Federal Reserve notes to be collateralized                                               1,907,027  
Collateral held against Federal Reserve notes                                                1,907,027  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,890,790  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       6,155,651  
  Less: Face value of securities under reverse repurchase agreements                           228,399  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        5,927,253  

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.