---

`FEDERAL RESERVE statistical release

For Release at
4:30 P.M. Eastern Time
April 16, 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 Commercial
Paper Funding Facility (CPFF). This facility operates through the Commercial Paper Funding Facility II LLC (CPFF
II LLC), a special purpose vehicle that was formed to purchase three-month U.S. dollar-denominated commercial
paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the
availability of credit for businesses and households.                                                       

On March 17, 2020, the Federal Reserve announced the CPFF. On April 14, 2020, the Federal Reserve Bank of
New York (FRBNY) extended credit to the CPFF II LLC under the authority of section 13(3) of the Federal Reserve
Act, with approval of the Treasury Secretary, and the CPFF II LLC began purchasing eligible commercial paper.

Consistent with generally accepted accounting principles, the assets and liabilities of CPFF II LLC have
been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition
shown on the release because the FRBNY is the managing member of CPFF II LLC. The net portfolio holdings of
CPFF II LLC appear as an asset on the statement of condition of the FRBNY (table 5), the consolidated statement
of condition of all Federal Reserve Banks (table 4), and factors affecting reserve balances of depository
institutions (table 1). The amount provided by the U.S. Treasury as credit protection is recorded in "Other
liabilities and capital" in table 1 and "Other liabilities and accrued dividends" in tables 4 and 5.        

Additionally, amounts for "Net portfolio holdings of Maiden Lane LLC," were removed from table 1 because the
portfolio holdings have been reduced to de minimis balances. Amounts will be included in "Other Federal
Reserve Assets" in table 1 and "Other assets" in tables 4 and 5.                                            


FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   April 16, 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  Apr 15, 2020 
Federal Reserve Banks                                     Apr 15, 2020  Apr 8, 2020 Apr 17, 2019              

Reserve Bank credit                                         6,196,020   +  227,982   +2,299,746    6,329,072  
  Securities held outright (1)                              5,195,539   +  222,862   +1,448,965    5,359,376  
    U.S. Treasury securities                                3,717,414   +  206,286   +1,563,958    3,788,858  
      Bills (2)                                               326,044            0   +  326,044      326,044  
      Notes and bonds, nominal (2)                          3,140,587   +  190,299   +1,124,023    3,206,144  
      Notes and bonds, inflation-indexed (2)                  217,244   +   14,619   +  102,094      222,692  
      Inflation compensation (3)                               33,539   +    1,369   +   11,797       33,978  
    Federal agency debt securities (2)                          2,347            0            0        2,347  
    Mortgage-backed securities (4)                          1,475,778   +   16,576   -  114,993    1,568,171  
  Unamortized premiums on securities held outright (5)        250,328   +   20,389   +  115,251      262,334  
  Unamortized discounts on securities held outright (5)        -7,123   +      834   +    5,923       -6,896  
  Repurchase agreements (6)                                   201,596   -   26,047   +  201,596      181,100  
    Foreign official                                                1   +        1   +        1            0  
    Others                                                    201,596   -   26,047   +  201,596      181,100  
  Loans                                                       128,604   -    1,400   +  128,580      120,349  
    Primary credit                                             41,034   -    2,479   +   41,024       36,284  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 0            0   -       13            0  
    Primary Dealer Credit Facility                             35,590   +    2,891   +   35,590       33,409  
    Money Market Mutual Fund Liquidity Facility                51,944   -    1,849   +   51,944       50,656  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Commercial Paper Funding      
    Facility II LLC (7)                                           141   +      141   +      141          974  
  Float                                                          -266   -       72   -       58         -361  
  Central bank liquidity swaps (8)                            393,063   +    7,698   +  393,008      378,291  
  Other Federal Reserve assets (9)                             34,137   +    3,577   +    6,338       33,904  
Foreign currency denominated assets (10)                       20,515   +      156   -      116       20,525  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,247   +       14   +      366       50,247  
                                                                                                              
Total factors supplying reserve funds                       6,283,023   +  228,152   +2,299,996    6,416,085  

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  Apr 15, 2020 
Federal Reserve Banks                                     Apr 15, 2020  Apr 8, 2020 Apr 17, 2019              

Currency in circulation (11)                                 1,884,944   +    3,933   +  157,948    1,887,593 
Reverse repurchase agreements (12)                             284,464   -  128,326   +   32,605      279,584 
  Foreign official and international accounts                  278,571   -    3,774   +   26,841      276,434 
  Others                                                         5,893   -  124,552   +    5,764        3,150 
Treasury cash holdings                                             307   -       10   -       25          302 
Deposits with F.R. Banks, other than reserve balances        1,134,405   +  187,593   +  780,064    1,103,978 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               889,815   +  191,237   +  604,551      856,155 
  Foreign official                                              16,352   -      408   +   11,108       16,347 
  Other (13)                                                   228,237   -    3,237   +  164,404      231,475 
Other liabilities and capital (14)                              59,862   +    6,372   +   14,842       74,756 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  3,363,982   +   69,562   +  985,434    3,346,212 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,919,041   +  158,590   +1,314,562    3,069,872 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements.                                                                               
7.  Refer to the note on consolidation accompanying table 5.                                                
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes bank premises, accrued interest, and other accounts receivable. Also includes net              
    portfolio holdings of Maiden Lane LLC.                                                              
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. 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  Apr 15, 2020 
                                                          Apr 15, 2020  Apr 8, 2020 Apr 17, 2019              

Securities held in custody for foreign official and       
     international accounts                                  3,318,168   +    1,971   -  149,326    3,328,037 
  Marketable U.S. Treasury securities (1)                    2,847,057   +    1,385   -  215,157    2,857,372 
  Federal agency debt and mortgage-backed securities (2)       388,210   -       70   +   54,378      387,578 
  Other securities (3)                                          82,900   +      655   +   11,451       83,087 
Securities lent to dealers                                      34,596   -    1,976   +   12,652       32,721 
  Overnight facility (4)                                        34,596   -    1,976   +   12,652       32,721 
    U.S. Treasury securities                                    34,596   -    1,976   +   12,652       32,721 
    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, April 15, 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)                                   13,782        88,132        18,434             0             0           ...       120,349 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                  58,644       225,035       527,601     1,493,336       621,255       862,987     3,788,858 
  Weekly changes                        +   11,532    -    8,380    +   27,012    +   61,130    +   44,337    +   18,841    +  154,472 
Federal agency debt securities (3)                                                                                                     
  Holdings                                       0             0             0             0         1,151         1,196         2,347 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             5         1,696        73,362     1,493,109     1,568,171 
  Weekly changes                                 0             0             0    -        8    +      562    +  107,918    +  108,470 
Commercial paper held by Commercial                                                                                                    
  Paper Funding Facility II LLC (5)              0           950             0           ...           ...           ...           950 
Repurchase agreements (6)                   32,700       148,400           ...           ...           ...           ...       181,100 
Central bank liquidity swaps (7)            26,361       351,930             0             0             0             0       378,291 
Reverse repurchase agreements (6)          279,584             0           ...           ...           ...           ...       279,584 
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, and other credit extensions. Loans
    exclude the loan from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility
    II LLC, which was eliminated when preparing the FRBNY's statement of condition consistent with      
    consolidation under generally accepted accounting principles.                                       
2.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
3.  Face value.                                                                                             
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Face value of commercial paper held by Commercial Paper Funding Facility II LLC.                        
6.  Cash value of agreements.                                                                               
7.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
                                                                                                            






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Apr 15, 2020  

Mortgage-backed securities held outright (1)                                                                             1,568,171  
  Residential mortgage-backed securities                                                                                 1,562,461  
  Commercial mortgage-backed securities                                                                                      5,710  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                          268,565  
Commitments to sell mortgage-backed securities (2)                                                                           1,000  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   11  



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       Apr 15, 2020   Wednesday    Wednesday  
                                                        consolidation                 Apr 8, 2020 Apr 17, 2019 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,656   -       12   -       38  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     5,916,263   +  261,709   +2,050,671  
    Securities held outright (1)                                          5,359,376   +  262,942   +1,615,682  
      U.S. Treasury securities                                            3,788,858   +  154,472   +1,635,449  
        Bills (2)                                                           326,044            0   +  326,044  
        Notes and bonds, nominal (2)                                      3,206,144   +  141,284   +1,189,670  
        Notes and bonds, inflation-indexed (2)                              222,692   +   12,067   +  107,548  
        Inflation compensation (3)                                           33,978   +    1,121   +   12,186  
      Federal agency debt securities (2)                                      2,347            0            0  
      Mortgage-backed securities (4)                                      1,568,171   +  108,470   -   19,767  
    Unamortized premiums on securities held outright  
    (5)                                                                     262,334   +   19,221   +  127,421  
    Unamortized discounts on securities held outright 
    (5)                                                                      -6,896   +      485   +    6,138  
    Repurchase agreements (6)                                               181,100   -   11,651   +  181,100  
    Loans (7)                                                               120,349   -    9,288   +  120,330  
  Net portfolio holdings of Commercial Paper          
    Funding Facility II LLC (8)                                                 974   +      974   +      974  
  Items in process of collection                                   (0)           35   -        4   -       30  
  Bank premises                                                               2,203   +        2            0  
  Central bank liquidity swaps (9)                                          378,291   +   20,214   +  378,236  
  Foreign currency denominated assets (10)                                   20,525   +      152   -      101  
  Other assets (11)                                                          31,703   +    1,713   +    6,347  
                                                                                                               
Total assets                                                       (0)    6,367,887   +  284,746   +2,436,060  

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       Apr 15, 2020   Wednesday    Wednesday  
                                                        consolidation                 Apr 8, 2020 Apr 17, 2019 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,839,299   +    4,074   +  159,130 
  Reverse repurchase agreements (12)                                         279,584   -   54,904   +   23,902 
  Deposits                                                          (0)    4,173,852   +  315,492   +2,222,729 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         3,069,874   +  295,368   +1,545,577 
    U.S. Treasury, General Account                                           856,155   +   28,977   +  486,790 
    Foreign official                                                          16,347   -      299   +   11,104 
    Other (13)                                                      (0)      231,475   -    8,555   +  179,256 
  Deferred availability cash items                                  (0)          396   +       52   +       80 
  Other liabilities and accrued dividends (14)                                35,924   +   20,032   +   30,730 
                                                                                                               
Total liabilities                                                   (0)    6,329,055   +  284,746   +2,436,570 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,007            0   -      510 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,832            0   -      510 

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, and other credit extensions.   
8.  Refer to the note on consolidation accompanying table 5.                                                
9.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
10. Revalued daily at current foreign currency exchange rates.                                              
11. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also includes net portfolio holdings of Maiden Lane LLC.                       
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



5. Statement of Condition of Each Federal Reserve Bank, April 15, 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         547       5,525          537         768       1,166       2,214       1,135         478         276         445       1,172       1,974
  Coin                                             1,656          39          48          150          90         224         158         276          29          50         110         189         294
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans (1)                             5,916,263     171,952   3,216,038      140,699     170,616     355,201     396,430     308,255      83,574      50,317      86,869     253,004     683,306
  Net portfolio holdings of Commercial      
     Paper Funding Facility II LLC (2)               974           0         974            0           0           0           0           0           0           0           0           0           0
  Central bank liquidity swaps (3)               378,291      17,956     127,130       13,613      32,327      79,845      18,762      14,691       6,201       2,962       3,989       4,491      56,324
  Foreign currency denominated                                                                                                                                                                           
     assets (4)                                   20,525         974       6,899          738       1,754       4,331       1,018         797         336         161         216         244       3,056
  Other assets (5)                                33,941         809      17,233          861       1,065       2,378       2,388       1,825         641         406         791       1,657       3,888
  Interdistrict settlement account                     0  -   30,758  +   92,050   -   14,798  +    1,964  +   75,875  -   56,279  +   23,416  -    7,250  -    6,401  -      604  +   48,467  -  125,681
                                                                                                                                                                                                         
Total assets                                   6,367,887     161,518   3,465,898      141,801     208,583     519,020     364,691     350,394      84,009      47,770      91,816     309,224     623,161

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, April 15, 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                   1,839,299      56,991     618,290      50,348      83,899     123,857     252,792     118,987      57,718      29,801      49,485     150,153     246,977
  Reverse repurchase agreements (6)              279,584       5,800     152,533       6,771       8,180      17,110      19,116      14,676       4,018       2,419       4,146      12,140      32,676
  Deposits                                     4,173,852      96,339   2,657,062      82,685     112,475     368,281      89,307     213,999      21,239      14,557      37,330     145,290     335,288
    Depository institutions                    3,069,874      96,325   1,700,373      82,683     105,413     367,145      88,989      95,662      21,234      14,501      25,698     136,569     335,281
    U.S. Treasury, General Account               856,155           0     856,155           0           0           0           0           0           0           0           0           0           0
    Foreign official                              16,347           2      16,321           1           3           8           2           2           1           0           0           0           6
    Other (7)                                    231,475          12      84,213           0       7,058       1,128         316     118,336           4          56      11,632       8,720           1
  Earnings remittances due to the U.S.      
     Treasury (8)                                  2,104          53       1,165          48          72         135         136         100          22          19          20          82         252
  Other liabilities and accrued             
     dividends                                    34,216         505      23,847         562         661       1,487       1,440       1,135         377         649         420         913       2,221
                                                                                                                                                                                                        
Total liabilities                              6,329,055     159,688   3,452,897     140,413     205,286     510,869     362,791     348,896      83,375      47,445      91,402     308,578     617,414
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,007       1,506      10,707       1,143       2,714       6,710       1,561       1,233         523         272         342         565       4,731
  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                  6,367,887     161,518   3,465,898     141,801     208,583     519,020     364,691     350,394      84,009      47,770      91,816     309,224     623,161

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, April 15, 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, and other credit extensions.                                            
2.  Refer to note on consolidation below.                                                                                                                                                                   
3.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
4.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
5.  Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. Also includes Net portfolio       
    holdings of Maiden Lane LLC; refer to the note on consolidation for additional information.                                                                                                         
6.  Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
7.  Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
8.  Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
                                                                                                                                                                                                            


Note on consolidation:

On April 14, 2020, the Federal Reserve Bank of New York (FRBNY) began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC) under the authority of section 13(3) of
the Federal Reserve Act. CPFF II LLC is a limited liability company formed to purchase three-month U.S dollar-denominated commercial paper by eligible issuers. The assets of the CPFF II LLC are
used to secure the loan from the FRBNY and the amount provided by U.S. Treasury as credit protection to the FRBNY.                                                                            

The FRBNY is the managing member of CPFF II LLC. Consistent with generally accepted accounting principles, the assets and liabilities of the CPFF II LLC have been consolidated with the
assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the loan from the FRBNY to CPFF II LLC is
eliminated, the net assets of the CPFF II LLC appear as assets on the previous page (and in table 1 and table 4), and the liabilities of the CPFF II LLC to entities other than the FRBNY, including
those with recourse only to the portfolio holdings of the CPFF II LLC are included in other liabilities in this table (and 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   
                                                                                          Apr 15, 2020  

Federal Reserve notes outstanding                                                            2,007,661  
  Less: Notes held by F.R. Banks not subject to collateralization                              168,361  
    Federal Reserve notes to be collateralized                                               1,839,299  
Collateral held against Federal Reserve notes                                                1,839,299  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,823,063  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       5,540,476  
  Less: Face value of securities under reverse repurchase agreements                           266,203  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        5,274,273  

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

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