---

`FEDERAL RESERVE statistical release

For Release at
4:30 P.M. EDT
April 9, 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 the temporary
repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) and the
purchases of agency commercial mortgage-backed securities.                                                  

The FIMA Repo Facility was announced by the Federal Reserve on March 31, 2020, and began operations on April
6, 2020. The FIMA Repo Facility will allow FIMA account holders, which consist of central banks and other
international monetary authorities with accounts at the Federal Reserve Bank of New York, to enter into
repurchase agreements with the Federal Reserve's System Open Market Account (SOMA). Beginning with this release, in
table 1 the line item "Repurchase agreements" reports in aggregate repurchase agreements conducted through the
FIMA Repo Facility and those conducted with primary dealers. Repurchase agreements conducted with primary
dealers, formerly reported in the line item "Repurchase agreements" in prior releases, are now presented in the line
item "Others." The FIMA Repo Facility is presented in the line item "Foreign official" under "Repurchase
agreements." Aggregate repurchase agreements also are reported in tables 2, 4, 5, and 6.                    

The Federal Reserve announced on March 23, 2020 that SOMA will start buying agency commercial
mortgage-backed securities and operations began on March 27, 2020. Two new lines were added to table 3, Supplemental
Information on Mortgage-Backed Securities, to separately report commercial mortgage-backed securities and residential
mortgage-backed securities. These securities are presented in tables 1 and 4 in the line item
"Mortgage-backed securities" and in table 5 in the line item "Securities, unamortized premiums and discounts, repurchase
agreements, and loans."                                                                                     

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    April 9, 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 8, 2020 
Federal Reserve Banks                                      Apr 8, 2020  Apr 1, 2020 Apr 10, 2019              

Reserve Bank credit                                         5,968,038   +  393,234   +2,071,135    6,044,516  
  Securities held outright (1)                              4,972,677   +  367,694   +1,224,187    5,096,434  
    U.S. Treasury securities                                3,511,128   +  336,013   +1,357,734    3,634,386  
      Bills (2)                                               326,044            0   +  326,044      326,044  
      Notes and bonds, nominal (2)                          2,950,288   +  312,705   +  933,656    3,064,860  
      Notes and bonds, inflation-indexed (2)                  202,625   +   21,563   +   87,471      210,625  
      Inflation compensation (3)                               32,170   +    1,743   +   10,562       32,857  
    Federal agency debt securities (2)                          2,347            0            0        2,347  
    Mortgage-backed securities (4)                          1,459,202   +   31,682   -  133,548    1,459,701  
  Unamortized premiums on securities held outright (5)        229,939   +   38,341   +   94,594      243,113  
  Unamortized discounts on securities held outright (5)        -7,957   +    1,248   +    5,119       -7,381  
  Repurchase agreements (6)                                   227,643   -   74,820   +  227,643      192,751  
    Foreign official                                                0            0            0            1  
    Others                                                    227,643   -   74,820   +  227,643      192,750  
  Loans                                                       130,004   -      304   +  129,991      129,637  
    Primary credit                                             43,513   -    6,065   +   43,509       43,449  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 0            0   -        9            0  
    Primary Dealer Credit Facility                             32,699   -    1,183   +   32,699       33,018  
    Money Market Mutual Fund Liquidity Facility                53,793   +    6,944   +   53,793       53,171  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     0            0            0            0  
  Float                                                          -194   +      249   -       15         -305  
  Central bank liquidity swaps (8)                            385,365   +   57,578   +  385,310      358,077  
  Other Federal Reserve assets (9)                             30,560   +    3,247   +    4,306       32,189  
Foreign currency denominated assets (10)                       20,359   -      242   -      246       20,373  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,233   +       14   +      360       50,233  
                                                                                                              
Total factors supplying reserve funds                       6,054,871   +  393,006   +2,071,248    6,131,363  

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 8, 2020 
Federal Reserve Banks                                      Apr 8, 2020  Apr 1, 2020 Apr 10, 2019              

Currency in circulation (11)                                 1,881,011   +    4,133   +  154,317    1,883,487 
Reverse repurchase agreements (12)                             412,790   -   72,088   +  159,116      334,488 
  Foreign official and international accounts                  282,345   +   11,909   +   29,255      281,005 
  Others                                                       130,445   -   83,997   +  129,861       53,483 
Treasury cash holdings                                             317   -       10   -       19          307 
Deposits with F.R. Banks, other than reserve balances          946,812   +  233,706   +  623,820    1,083,854 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               698,578   +  269,311   +  435,961      827,178 
  Foreign official                                              16,760   -      448   +   11,517       16,646 
  Other (13)                                                   231,474   -   35,157   +  176,342      240,030 
Other liabilities and capital (14)                              53,490   +      722   +    8,154       54,724 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  3,294,420   +  166,463   +  945,389    3,356,860 
                                                                                                              
Reserve balances with Federal Reserve Banks                  2,760,451   +  226,543   +1,125,860    2,774,503 

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 accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for       
    depreciation.                                                                                       
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 8, 2020 
                                                           Apr 8, 2020  Apr 1, 2020 Apr 10, 2019              

Securities held in custody for foreign official and       
     international accounts                                  3,316,197   -   22,224   -  155,042    3,314,710 
  Marketable U.S. Treasury securities (1)                    2,845,672   -   21,676   -  228,000    2,843,669 
  Federal agency debt and mortgage-backed securities (2)       388,280   -      249   +   61,457      388,276 
  Other securities (3)                                          82,245   -      299   +   11,502       82,765 
Securities lent to dealers                                      36,572   -      332   +   10,020       38,787 
  Overnight facility (4)                                        36,572   -      332   +   10,020       38,787 
    U.S. Treasury securities                                    36,572   -      332   +   10,020       38,787 
    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 8, 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)                                   15,203        96,019        18,415             0             0           ...       129,637 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                  47,112       233,415       500,589     1,432,206       576,918       844,146     3,634,386 
  Weekly changes                        +   10,874    +      406    +   32,526    +  133,861    +   67,690    +   48,197    +  293,554 
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         1,704        72,800     1,385,191     1,459,701 
  Weekly changes                                 0             0             0    +       62    +      531    +    1,386    +    1,980 
Repurchase agreements (5)                   57,801       134,950           ...           ...           ...           ...       192,751 
Central bank liquidity swaps (6)            57,053       301,024             0             0             0             0       358,077 
                                                                                                                                       
Reverse repurchase agreements (5)          334,488             0           ...           ...           ...           ...       334,488 
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.   
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.  Cash value of agreements.                                                                               
6.  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 8, 2020  

Mortgage-backed securities held outright (1)                                                                             1,459,701  
  Residential mortgage-backed securities                                                                                 1,456,242  
  Commercial mortgage-backed securities                                                                                      3,459  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                          326,103  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   17  



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 8, 2020   Wednesday    Wednesday  
                                                        consolidation                 Apr 1, 2020 Apr 10, 2019 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,668   +        8   -       40  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     5,654,554   +  258,295   +1,783,613  
    Securities held outright (1)                                          5,096,434   +  295,533   +1,347,732  
      U.S. Treasury securities                                            3,634,386   +  293,554   +1,480,943  
        Bills (2)                                                           326,044            0   +  326,044  
        Notes and bonds, nominal (2)                                      3,064,860   +  273,000   +1,048,228  
        Notes and bonds, inflation-indexed (2)                              210,625   +   18,900   +   95,471  
        Inflation compensation (3)                                           32,857   +    1,653   +   11,199  
      Federal agency debt securities (2)                                      2,347            0            0  
      Mortgage-backed securities (4)                                      1,459,701   +    1,980   -  133,211  
    Unamortized premiums on securities held outright  
    (5)                                                                     243,113   +   31,774   +  107,830  
    Unamortized discounts on securities held outright 
    (5)                                                                      -7,381   +    1,111   +    5,684  
    Repurchase agreements (6)                                               192,751   -   70,299   +  192,751  
    Loans (7)                                                               129,637   +      176   +  129,616  
  Net portfolio holdings of Maiden Lane LLC (8)                                   0            0            0  
  Items in process of collection                                   (0)           39   -        1   -       16  
  Bank premises                                                               2,201   +        3   -        1  
  Central bank liquidity swaps (9)                                          358,077   +    9,533   +  358,022  
  Foreign currency denominated assets (10)                                   20,373   -      211   -      302  
  Other assets (11)                                                          29,990   +    3,905   +    5,078  
                                                                                                               
Total assets                                                       (0)    6,083,141   +  271,534   +2,146,357  

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 8, 2020   Wednesday    Wednesday  
                                                        consolidation                 Apr 1, 2020 Apr 10, 2019 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,835,225   +    4,240   +  154,735 
  Reverse repurchase agreements (12)                                         334,488   -  159,939   +   78,114 
  Deposits                                                          (0)    3,858,360   +  424,650   +1,904,215 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         2,774,506   +   90,108   +1,127,946 
    U.S. Treasury, General Account                                           827,178   +  320,245   +  581,514 
    Foreign official                                                          16,646   -    1,099   +   11,402 
    Other (13)                                                      (0)      240,030   +   15,395   +  183,354 
  Deferred availability cash items                                  (0)          344   -      247   +      102 
  Other liabilities and accrued dividends (14)                                15,892   +    2,825   +    9,701 
                                                                                                               
Total liabilities                                                   (0)    6,044,309   +  271,529   +2,146,867 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,007   +        5   -      510 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,832   +        5   -      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.                                                                                
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 8, 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                                             1,668          40          49          151          92         226         157         279          31          51         111         187         295
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans (1)                             5,654,554     168,358   3,076,306      134,302     162,668     338,460     377,904     294,022      79,667      47,829      83,079     241,236     650,724
  Central bank liquidity swaps (2)               358,077      16,997     120,337       12,886      30,599      75,578      17,759      13,906       5,870       2,804       3,776       4,251      53,314
  Foreign currency denominated                                                                                                                                                                           
     assets (3)                                   20,373         967       6,848          733       1,741       4,300       1,010         791         334         160         215         242       3,033
  Other assets (4)                                32,230         763      16,310          819       1,013       2,269       2,275       1,740         620         417         761       1,554       3,689
  Interdistrict settlement account                     0  -   35,653  +  132,891   -   12,995  -   16,511  +   67,575  -   50,526  +   45,209  -    8,827  -    6,978  -      574  +   44,470  -  158,081
                                                                                                                                                                                                         
Total assets                                   6,083,141     152,019   3,358,266      136,433     180,370     489,574     350,794     357,082      78,172      44,558      87,813     293,112     554,948

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 8, 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                   1,835,225      56,878     617,062      50,228      84,516     123,702     253,346     118,667      57,445      29,983      49,204     149,848     244,346
  Reverse repurchase agreements (5)              334,488       6,939     182,487       8,100       9,786      20,469      22,870      17,558       4,807       2,894       4,960      14,524      39,093
  Deposits                                     3,858,360      86,021   2,536,452      76,336      82,329     336,259      71,726     218,599      15,012      10,830      32,933     127,487     264,375
    Depository institutions                    2,774,506      85,977   1,605,322      76,335      76,890     334,660      71,081      88,224      15,008      10,764      20,914     124,963     264,368
    U.S. Treasury, General Account               827,178           0     827,178           0           0           0           0           0           0           0           0           0           0
    Foreign official                              16,646           2      16,620           1           3           8           2           2           1           0           0           0           6
    Other (6)                                    240,030          43      87,333           0       5,436       1,591         642     130,373           4          66      12,019       2,523           1
  Earnings remittances due to the U.S.      
     Treasury (7)                                  2,022          36       1,204          42          46          71         135         104          26          13          27          89         229
  Other liabilities and accrued             
     dividends                                    14,214         315       8,060         339         396         921         818         656         246         512         274         519       1,158
                                                                                                                                                                                                        
Total liabilities                              6,044,309     150,189   3,345,265     135,044     177,073     481,423     348,895     355,584      77,537      44,232      87,398     292,467     549,201
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,007       1,506      10,707       1,143       2,714       6,710       1,561       1,233         523         272         342         564       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                  6,083,141     152,019   3,358,266     136,433     180,370     489,574     350,794     357,082      78,172      44,558      87,813     293,112     554,948

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 8, 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.  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.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
4.  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.                                                                                                         
5.  Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
6.  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.                                                                                                          
7.  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 June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to
acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and minimize disruption to financial markets. On June 14, 2012, the
remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan
Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual returns and could have absorbed any residual losses should they
have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the assets and liabilities of FRBNY in the preparation of the
statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was eliminated, the net assets of ML appeared as a component of Other
assets on the previous page (and as assets in table 1 and table 4), and the liabilities of ML to entities other than FRBNY, including those with recourse only to the ML portfolio holdings,
were 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 8, 2020  

Federal Reserve notes outstanding                                                            1,997,778  
  Less: Notes held by F.R. Banks not subject to collateralization                              162,554  
    Federal Reserve notes to be collateralized                                               1,835,225  
Collateral held against Federal Reserve notes                                                1,835,225  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,818,988  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       5,289,185  
  Less: Face value of securities under reverse repurchase agreements                           318,521  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        4,970,664  

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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