---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                  August 27, 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  Aug 26, 2020 
Federal Reserve Banks                                     Aug 26, 2020 Aug 19, 2020 Aug 28, 2019              

Reserve Bank credit                                         6,975,315   +   10,010   +3,251,504    6,950,725  
  Securities held outright (1)                              6,333,328   +   22,660   +2,743,781    6,310,134  
    U.S. Treasury securities                                4,353,236   +   23,929   +2,261,967    4,358,559  
      Bills (2)                                               326,044            0   +  323,043      326,044  
      Notes and bonds, nominal (2)                          3,712,988   +   22,249   +1,765,045    3,718,169  
      Notes and bonds, inflation-indexed (2)                  276,906   +    1,199   +  160,361      276,906  
      Inflation compensation (3)                               37,298   +      481   +   13,519       37,440  
    Federal agency debt securities (2)                          2,347            0            0        2,347  
    Mortgage-backed securities (4)                          1,977,745   -    1,270   +  481,814    1,949,228  
  Unamortized premiums on securities held outright (5)        326,606   +    1,336   +  198,617      326,070  
  Unamortized discounts on securities held outright (5)        -5,007   -       79   +    7,996       -4,989  
  Repurchase agreements (6)                                         0            0            0            0  
    Foreign official                                                0            0            0            0  
    Others                                                          0            0            0            0  
  Loans                                                        81,563   -      934   +   81,423       81,105  
    Primary credit                                              2,642   -       17   +    2,607        2,704  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                40   -        1   -       65           38  
    Primary Dealer Credit Facility                                532   -      161   +      532          243  
    Money Market Mutual Fund Liquidity Facility                10,427   -      775   +   10,427        9,961  
    Paycheck Protection Program Liquidity Facility             67,921   +       18   +   67,921       68,158  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Commercial Paper Funding      
    Facility II LLC (7)                                         8,588   -       13   +    8,588        8,588  
  Net portfolio holdings of Corporate Credit Facilities   
  LLC (7)                                                      44,542   +       76   +   44,542       44,604  
  Net portfolio holdings of MS Facilities LLC (Main       
    Street Lending Program) (7)                                38,198   +      309   +   38,198       38,371  
  Net portfolio holdings of Municipal Liquidity           
  Facility LLC (7)                                             16,153   +       65   +   16,153       16,541  
  Net portfolio holdings of TALF II LLC (7)                    10,771   +        1   +   10,771       10,771  
  Float                                                          -205            0   -       32         -326  
  Central bank liquidity swaps (8)                             92,140   -    3,682   +   92,071       92,140  
  Other Federal Reserve assets (9)                             28,639   -    9,728   +    9,396       27,717  
Foreign currency denominated assets (10)                       21,595   -       44   +      678       21,594  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,396   +       14   +      430       50,396  
                                                                                                              
Total factors supplying reserve funds                       7,063,547   +    9,980   +3,252,612    7,038,955  

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  Aug 26, 2020 
Federal Reserve Banks                                     Aug 26, 2020 Aug 19, 2020 Aug 28, 2019              

Currency in circulation (11)                                 2,011,088   +    3,547   +  259,533    2,013,961 
Reverse repurchase agreements (12)                             213,256   -    1,321   -   75,607      213,075 
  Foreign official and international accounts                  213,232   -    1,303   -   68,312      213,066 
  Others                                                            24   -       18   -    7,295            9 
Treasury cash holdings                                              60   +        4   -      100           62 
Deposits with F.R. Banks, other than reserve balances        1,861,199   +   22,663   +1,634,525    1,776,806 
  Term deposits held by depository institutions                      0            0   -    1,668            0 
  U.S. Treasury, General Account                             1,622,690   -   20,815   +1,476,733    1,607,449 
  Foreign official                                              16,612   +        9   +   11,356       16,614 
  Other (13)                                                   221,898   +   43,470   +  148,105      152,743 
Treasury contributions to credit facilities (14)               114,000            0   +  114,000      114,000 
Other liabilities and capital (15)                              48,149   -    3,022   +    3,146       45,653 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  4,247,753   +   21,871   +1,935,498    4,163,557 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,815,794   -   11,891   +1,317,114    2,875,399 

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  Aug 26, 2020 
                                                          Aug 26, 2020 Aug 19, 2020 Aug 28, 2019              

Securities held in custody for foreign official and       
     international accounts                                  3,413,328   -    4,082   -   62,031    3,403,165 
  Marketable U.S. Treasury securities (1)                    2,972,168   +      524   -   62,101    2,964,989 
  Federal agency debt and mortgage-backed securities (2)       355,165   -    4,763   -    4,844      352,433 
  Other securities (3)                                          85,995   +      157   +    4,913       85,743 
Securities lent to dealers                                      26,410   -      953   -      350       29,164 
  Overnight facility (4)                                        26,410   -      953   -      350       29,164 
    U.S. Treasury securities                                    26,410   -      953   -      350       29,164 
    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, August 26, 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)                                    3,254         4,493         5,200        68,158             0           ...        81,105 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                  64,117       237,185       663,816     1,648,650       771,901       972,889     4,358,559 
  Weekly changes                        +    1,311    -      610    -      670    +    1,092    +    9,280    +    2,611    +   13,015 
Federal agency debt securities (3)                                                                                                     
  Holdings                                       0             0             0             0         1,436           911         2,347 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             4         2,166        75,971     1,871,086     1,949,228 
  Weekly changes                                 0             0    -        1    -      101    -    1,505    -   27,063    -   28,669 
Commercial paper held by Commercial                                                                                                    
  Paper Funding Facility II LLC (5)              0            30             0           ...           ...           ...            30 
Loan participations held by MS                                                                                                         
  Facilities LLC (Main Street Lending                                                                                                   
  Program) (6)                                   0             0             0           855           ...           ...           855 
Municipal notes held by Municipal                                                                                                      
  Liquidity Facility LLC (7)                     0             0         1,200           451           ...           ...         1,651 
Loans held by TALF II LLC (8)                    0             1             0         2,255           ...           ...         2,256 
Repurchase agreements (9)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (10)           24,171        67,969             0             0             0             0        92,140 
Reverse repurchase agreements (9)          213,075             0           ...           ...           ...           ...       213,075 
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   
                                                                                                                      Aug 26, 2020  

Mortgage-backed securities held outright (1)                                                                             1,949,228  
  Residential mortgage-backed securities                                                                                 1,939,919  
  Commercial mortgage-backed securities                                                                                      9,309  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                          113,037  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   18  



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 Aug 26, 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                            30           30        8,558        8,588 
Corporate Credit Facilities LLC                                 12,413       12,617       31,986       44,604 
MS Facilities LLC (Main Street Lending Program)                    855          855       37,515       38,371 
Municipal Liquidity Facility LLC                                 1,651        1,651       14,890       16,541 
TALF II LLC                                                      2,266        2,256        8,515       10,771 

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       Aug 26, 2020   Wednesday    Wednesday  
                                                        consolidation                Aug 19, 2020 Aug 28, 2019 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,490   -        6   -      232  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     6,712,320   -   16,489   +3,010,246  
    Securities held outright (1)                                          6,310,134   -   15,654   +2,723,052  
      U.S. Treasury securities                                            4,358,559   +   13,015   +2,263,429  
        Bills (2)                                                           326,044            0   +  323,043  
        Notes and bonds, nominal (2)                                      3,718,169   +   11,334   +1,766,367  
        Notes and bonds, inflation-indexed (2)                              276,906   +    1,199   +  160,361  
        Inflation compensation (3)                                           37,440   +      482   +   13,658  
      Federal agency debt securities (2)                                      2,347            0            0  
      Mortgage-backed securities (4)                                      1,949,228   -   28,669   +  459,623  
    Unamortized premiums on securities held outright  
    (5)                                                                     326,070   +      176   +  198,265  
    Unamortized discounts on securities held outright 
    (5)                                                                      -4,989   +       74   +    7,934  
    Repurchase agreements (6)                                                     0            0            0  
    Loans (7)                                                                81,105   -    1,085   +   80,995  
  Net portfolio holdings of Commercial Paper          
    Funding Facility II LLC (8)                                               8,588            0   +    8,588  
  Net portfolio holdings of Corporate Credit          
  Facilities LLC (8)                                                         44,604   +      124   +   44,604  
  Net portfolio holdings of MS Facilities LLC (Main   
    Street Lending Program) (8)                                              38,371   +      388   +   38,371  
  Net portfolio holdings of Municipal Liquidity       
  Facility LLC (8)                                                           16,541   +      452   +   16,541  
  Net portfolio holdings of TALF II LLC (8)                                  10,771            0   +   10,771  
  Items in process of collection                                   (0)           45   -        1   -        4  
  Bank premises                                                               2,197            0   +        6  
  Central bank liquidity swaps (9)                                           92,140   -    3,640   +   92,071  
  Foreign currency denominated assets (10)                                   21,594   -      128   +      726  
  Other assets (11)                                                          25,521   -      919   +    8,785  
                                                                                                               
Total assets                                                       (0)    6,990,418   -   20,219   +3,230,472  

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       Aug 26, 2020   Wednesday    Wednesday  
                                                        consolidation                Aug 19, 2020 Aug 28, 2019 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,965,113   +    4,305   +  258,318 
  Reverse repurchase agreements (12)                                         213,075   +    1,733   -   73,645 
  Deposits                                                          (0)    4,652,207   -   23,952   +2,931,062 
    Term deposits held by depository institutions                                  0            0   -    1,668 
    Other deposits held by depository institutions                         2,875,400   +   53,547   +1,371,156 
    U.S. Treasury, General Account                                         1,607,449   -   28,944   +1,457,303 
    Foreign official                                                          16,614   +        4   +   11,357 
    Other (13)                                                      (0)      152,743   -   48,561   +   92,912 
  Deferred availability cash items                                  (0)          371   +       80   +        3 
  Treasury contributions to credit facilities (14)                           114,000            0   +  114,000 
  Other liabilities and accrued dividends (15)                                 6,722   -    2,438   +    1,103 
                                                                                                               
Total liabilities                                                   (0)    6,951,487   -   20,273   +3,230,840 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,106   +       54   -      368 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,931   +       54   -      368 

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, August 26, 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                                             1,490          32          34          124          87         210         136         244          29          43          96         163         291
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans (1)                             6,712,320     161,097   3,446,143      157,409     209,589     421,049     492,887     374,320     106,660      69,504     111,490     322,729     839,443
  Net portfolio holdings of Commercial      
     Paper Funding Facility II LLC (2)             8,588           0       8,588            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Corporate       
    Credit Facilities LLC (2)                     44,604           0      44,604            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of MS                                                                                                                                                                           
    Facilities LLC (Main Street Lending                                                                                                                                                                  
    Program) (2)                                  38,371      38,371           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Municipal       
    Liquidity Facility LLC (2)                    16,541           0      16,541            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF II LLC (2)       10,771           0      10,771            0           0           0           0           0           0           0           0           0           0
  Central bank liquidity swaps (3)                92,140       4,374      30,965        3,316       7,874      19,448       4,570       3,578       1,510         721         972       1,094      13,719
  Foreign currency denominated                                                                                                                                                                           
     assets (4)                                   21,594       1,025       7,258          777       1,845       4,557       1,071         838         354         169         228         256       3,215
  Other assets (5)                                27,763       2,233      11,570          688         918       1,996       2,089       1,571         707         380         719       1,561       3,329
  Interdistrict settlement account                     0  -   54,134  +  421,749   -   21,147  +   28,206  +    6,107  -  106,115  -    4,217  -   21,805  -   14,040  -   24,848  -   35,769  -  173,987
                                                                                                                                                                                                         
Total assets                                   6,990,418     153,530   4,003,707      141,696     249,280     454,532     396,821     377,472      87,934      57,047      89,107     291,237     688,054

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, August 26, 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                   1,965,113      61,383     659,996      56,550      93,501     125,901     274,818     127,090      59,593      33,033      53,923     165,589     253,736
  Reverse repurchase agreements (6)              213,075       4,785     110,321       4,861       6,666      13,354      15,703      11,901       3,367       2,014       3,388      10,269      26,445
  Deposits                                     4,652,207      46,170   3,142,885      78,635     145,529     306,421     103,932     236,496      24,068      21,161      31,149     114,363     401,399
    Depository institutions                    2,875,400      46,146   1,479,024      78,634     145,499     305,371     103,904     126,197      24,063      21,095      31,107     112,978     401,382
    U.S. Treasury, General Account             1,607,449           0   1,607,449           0           0           0           0           0           0           0           0           0           0
    Foreign official                              16,614           2      16,588           1           3           8           2           2           1           0           0           0           6
    Other (7)                                    152,743          22      39,824           0          27       1,041          26     110,297           4          65          41       1,385          11
  Earnings remittances due to the U.S.      
     Treasury (8)                                    364           5         202           9          11           8          26          20           6           1           4          23          48
  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                                     6,728         357       2,291         234         271         662         545         437         189         512         225         341         665
                                                                                                                                                                                                        
Total liabilities                              6,951,487     151,700   3,990,695     140,289     245,979     446,346     395,024     375,944      87,222      56,721      88,689     290,585     682,292
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,106       1,506      10,719       1,161       2,718       6,746       1,459       1,263         599         273         345         571       4,746
  Surplus                                          6,825         324       2,294         246         583       1,441         338         265         112          53          72          81       1,016
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  6,990,418     153,530   4,003,707     141,696     249,280     454,532     396,821     377,472      87,934      57,047      89,107     291,237     688,054

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, August 26, 2020 (continued)


1.  Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight              
    securities lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between the
    purchase price and the face value of the securities that have not been amortized. For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, amortization is on an
    effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Loans includes primary, secondary, and
    seasonal loans and credit extended through the Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity Facility, and other credit        
    extensions.                                                                                                                                                                                         
2.  Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.                                 
3.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
4.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
5.  Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. Also includes Net portfolio       
    holdings of Maiden Lane LLC; refer to the note on consolidation for additional information.                                                                                                         
6.  Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
7.  Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
8.  Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
9.  Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10 billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, and          
    Municipal Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 billion, and credit protection in the Money Market Mutual Fund Liquidity Facility of $1.5 billion.                        
                                                                                                                                                                                                            



    Note on consolidation:                                                                                                                                                                                  
    The Federal Reserve Bank of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies under the authority of section 13(3) of the Federal       
    Reserve Act. On April 14, 2020, FRBNY began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC), a limited liability company formed to purchase three-month U.S           
    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. On June 25, 2020, FRBNY began extending loans to the TALF II LLC, a special purpose vehicle that was formed to help   
    support the flow of credit to consumers and businesses. The assets of the TALF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the
    FRBNY. On July 15, 2020, the FRBB began extending loans to the MS Facilities LLC (Main Street Lending Program), a special purpose vehicle that was formed to help ensure credit flows to small and  
    medium-sized businesses. The assets of the MS Facilities LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are used to secure the loan from the FRBB.                   
    The FRBNY is the managing member of CPFF II LLC, CCF LLC, MLF LLC, and TALF II LLC. The FRBB is the managing member of MS Facilities LLC (Main Street Lending Program). Consistent with generally       
    accepted accounting principles, the assets and liabilities of each LLC have been accounted for and consolidated with the assets and liabilities of the FRBNY or FRBB, in the preparation of the     
    statements of condition shown on this release. As a consequence of the consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any balances held at the FRBNY for LLCs consolidated
    to FRBNY or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appears as assets on table 6 (and in table 1 and
    table 5), and the liabilities of the LLC to entities other than the FRBNY or FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this
    table (and table 1 and table 5). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on table 6 (and in table 1 and table 5).                        





7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Aug 26, 2020  

Federal Reserve notes outstanding                                                            2,114,863  
  Less: Notes held by F.R. Banks not subject to collateralization                              149,751  
    Federal Reserve notes to be collateralized                                               1,965,113  
Collateral held against Federal Reserve notes                                                1,965,113  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,948,876  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       6,310,134  
  Less: Face value of securities under reverse repurchase agreements                           200,984  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        6,109,151  

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.`

Statistical releases

---

Home Economic research and data  Accessibility Contact Us  Last update:  August 27, 2020