---

`FEDERAL RESERVE statistical release

For Release at
4:30 P.M. Eastern time
June 18, 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 on the Term Asset-Backed
Securities Loan Facility (TALF) and a new table 4 that provides supplemental information on all credit
facilities.                                                                                                 

Table 4, "Information on Principal Accounts of Credit Facilities LLCs," was added to provide information
about outstanding principal amount of loans extended to LLCs by Reserve Banks. The table also provides
information on the net portfolio holdings of credit facilities LLCs including outstanding amounts of facility asset
purchases, Treasury contributions, and other assets.                                                        

The TALF operates through the Term Asset-Backed Securities Loan Facility II LLC (TALF II LLC), a special
purpose vehicle that was formed to help support the flow of credit to consumers and businesses. On March 23,
2020, the Federal Reserve announced the TALF. On June 16, 2020, the Federal Reserve Bank of New York (FRBNY)
received Treasury's equity contribution for the TALF program.                                               

Consistent with generally accepted accounting principles, the assets and liabilities of TALF 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 TALF II LLC. The net portfolio holdings of
TALF II LLC appear as an asset on the statement of condition of the FRBNY (now table 6), the consolidated
statement of condition of all Federal Reserve Banks (now table 5), factors affecting reserve balances of depository
institutions (table 1), and information on principal accounts of credit facilities LLC (table 4). The amount
provided by the U.S. Treasury as credit protection for the TALF II LLC is included in "Treasury contributions
to credit facilities" in tables 1, 4, 5, and 6.                                                             

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    June 18, 2020


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jun 17, 2020 
Federal Reserve Banks                                     Jun 17, 2020 Jun 10, 2020 Jun 19, 2019              

Reserve Bank credit                                         7,085,167   -   28,041   +3,276,184    7,055,889  
  Securities held outright (1)                              6,078,625   +   97,492   +2,413,566    6,090,428  
    U.S. Treasury securities                                4,163,270   +   20,079   +2,053,217    4,169,340  
      Bills (2)                                               326,044            0   +  326,007      326,044  
      Notes and bonds, nominal (2)                          3,538,225   +   17,737   +1,567,955    3,542,389  
      Notes and bonds, inflation-indexed (2)                  262,694   +    2,543   +  146,178      264,552  
      Inflation compensation (3)                               36,307   -      201   +   13,078       36,356  
    Federal agency debt securities (2)                          2,347            0            0        2,347  
    Mortgage-backed securities (4)                          1,913,008   +   77,413   +  360,349    1,918,741  
  Unamortized premiums on securities held outright (5)        310,353   +    4,243   +  178,384      311,026  
  Unamortized discounts on securities held outright (5)        -5,408   +       67   +    7,539       -5,366  
  Repurchase agreements (6)                                   120,429   -   63,886   +  120,429       79,053  
    Foreign official                                                0            0            0            0  
    Others                                                    120,429   -   63,885   +  120,429       79,053  
  Loans                                                        96,402   -    3,201   +   96,330       95,031  
    Primary credit                                              7,939   -    1,313   +    7,920        7,479  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                12   +        2   -       41           13  
    Primary Dealer Credit Facility                              5,621   -      225   +    5,621        5,306  
    Money Market Mutual Fund Liquidity Facility                25,604   -    2,564   +   25,604       24,680  
    Paycheck Protection Program Liquidity Facility             57,226   +      901   +   57,226       57,552  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Commercial Paper Funding      
    Facility II LLC (7)                                        12,796   +        1   +   12,796       12,797  
  Net portfolio holdings of Corporate Credit Facilities   
  LLC (7)                                                      38,110   +    1,290   +   38,110       38,916  
  Net portfolio holdings of MS Facilities LLC (Main       
    Street Lending Program) (7)                                31,875   +   27,321   +   31,875       31,876  
  Net portfolio holdings of Municipal Liquidity           
  Facility LLC (7)                                             16,078   +        2   +   16,078       16,079  
  Net portfolio holdings of TALF II LLC (7)                         0            0            0            0  
  Float                                                          -229   -       44   -       91         -216  
  Central bank liquidity swaps (8)                            352,584   -   93,675   +  352,567      352,470  
  Other Federal Reserve assets (9)                             33,553   +    2,349   +    8,601       33,795  
Foreign currency denominated assets (10)                       20,923   +       71   +      107       20,866  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,373   +       14   +      454       50,373  
                                                                                                              
Total factors supplying reserve funds                       7,172,705   -   27,955   +3,276,745    7,143,369  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jun 17, 2020 
Federal Reserve Banks                                     Jun 17, 2020 Jun 10, 2020 Jun 19, 2019              

Currency in circulation (11)                                 1,956,927   +    2,960   +  219,969    1,959,750 
Reverse repurchase agreements (12)                             232,965   -    8,657   -   35,616      225,462 
  Foreign official and international accounts                  232,340   -    9,101   -   29,204      225,461 
  Others                                                           626   +      445   -    6,411            1 
Treasury cash holdings                                             113   -       38   -       98           83 
Deposits with F.R. Banks, other than reserve balances        1,746,476   +   77,794   +1,470,015    1,726,191 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                             1,560,850   +   54,292   +1,362,452    1,565,306 
  Foreign official                                              16,250   -      120   +   11,006       16,247 
  Other (13)                                                   169,376   +   23,621   +   96,558      144,637 
Treasury contributions to credit facilities (14)               106,857   +    2,857   +  106,857      114,000 
Other liabilities and capital (15)                              50,875   +      863   +    5,081       48,445 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  4,094,214   +   75,781   +1,766,210    4,073,930 
                                                                                                              
Reserve balances with Federal Reserve Banks                  3,078,491   -  103,737   +1,510,536    3,069,439 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements.                                                                               
7.  Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury      
    contributions to the facility. Refer to note on consolidation below.                                
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes bank premises, accrued interest, and other accounts receivable. Also includes net              
    portfolio holdings of Maiden Lane LLC.                                                              
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities                                                          
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10             
    billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, Municipal
    Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 billion, and credit protection in the
    Money Market Mutual Fund Liquidity Facility of $1.5 billion.                                        
15. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Jun 17, 2020 
                                                          Jun 17, 2020 Jun 10, 2020 Jun 19, 2019              

Securities held in custody for foreign official and       
     international accounts                                  3,419,320   +   12,264   -   58,114    3,423,057 
  Marketable U.S. Treasury securities (1)                    2,956,733   +   11,938   -   99,648    2,960,181 
  Federal agency debt and mortgage-backed securities (2)       377,573   +      226   +   33,440      377,751 
  Other securities (3)                                          85,014   +      100   +    8,094       85,125 
Securities lent to dealers                                      33,661   -       66   +    6,599       30,094 
  Overnight facility (4)                                        33,661   -       66   +    6,599       30,094 
    U.S. Treasury securities                                    33,661   -       66   +    6,599       30,094 
    Federal agency debt securities                                   0            0            0            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           








2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 17, 2020
Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans (1)                                   10,098        19,628         8,953        56,352             0           ...        95,031 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                  70,365       276,151       587,886     1,581,775       729,159       924,006     4,169,340 
  Weekly changes                        +   27,492    -   16,676    +    1,168    +      740    +    3,843    +    2,366    +   18,931 
Federal agency debt securities (3)                                                                                                     
  Holdings                                       0             0             0             0         1,436           911         2,347 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             5         2,267        80,708     1,835,761     1,918,741 
  Weekly changes                                 0             0             0    +       37    -      176    +   83,284    +   83,146 
Commercial paper held by Commercial                                                                                                    
  Paper Funding Facility II LLC (5)              0         4,251             0           ...           ...           ...         4,251 
Loan participations held by MS                                                                                                         
  Facilities LLC (Main Street Lending                                                                                                   
  Program) (6)                                   0             0             0             0           ...           ...             0 
Municipal notes held by Municipal                                                                                                      
  Liquidity Facility LLC (7)                     0             0         1,200             0           ...           ...         1,200 
Loans held by TALF II LLC (8)                    0             0             0             0           ...           ...             0 
Repurchase agreements (8)                   25,853        53,200           ...           ...           ...           ...        79,053 
Central bank liquidity swaps (9)           242,962       109,508             0             0             0             0       352,470 
Reverse repurchase agreements (8)          225,462             0           ...           ...           ...           ...       225,462 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  Loans includes primary, secondary, and seasonal loans and credit extended through the Primary           
    Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity
    Facility, and other credit extensions. Loans exclude the loans from the Federal Reserve Bank of New 
    York (FRBNY) to Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC, Municipal
    Liquidity Facility LLC, and TALF II LLC, and from the Federal Reserve Bank of Boston (FRBB) to MS   
    Facilities LLC, which were eliminated when preparing the FRBNY's and FRBB's statement of condition, 
    respectively, consistent with consolidation under generally accepted accounting principles.         
2.  Face value. For inflation-indexed securities, includes the original face value and compensation         
    that adjusts for the effect of inflation on the original face value of such securities.             
3.  Face value.                                                                                             
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Book value of commercial paper held by Commercial Paper Funding Facility II LLC.                        
6.  Book value of the loan participations held by the MS Facilities LLC.                                    
7.  Book value of the municipal notes held by the Municipal Liquidity Facility LLC.                         
8.  Book value of the loans held by the TALF II LLC.                                                        
9.  Cash value of agreements.                                                                               
10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jun 17, 2020  

Mortgage-backed securities held outright (1)                                                                             1,918,741  
  Residential mortgage-backed securities                                                                                 1,909,628  
  Commercial mortgage-backed securities                                                                                      9,113  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           96,199  
Commitments to sell mortgage-backed securities (2)                                                                           3,815  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    0  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Includes residential and commercial mortgage-backed securities. Residential         
    mortgage-backed securities generally settle within 180 calendar days and include commitments associated
    with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities   
    generally settle within three business days.                                                        
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Credit Facilities LLCs
Millions of dollars
Credit Facilities LLCs:                                                  Wednesday Jun 17, 2020               
                                                                              Net portfolio holdings of       
                                                                               Credit Facilities LLCs         
                                                           Outstanding                                        
                                                            principal   Outstanding                           
                                                             amount      amount of    Treasury                
                                                             of loan     facility   contributions             
                                                           extended to     asset         and                  
                                                           the LLC (1) purchases (2)other assets (3)    Total    

Commercial Paper Funding Facility II LLC                         4,243        4,251        8,547       12,797 
Corporate Credit Facilities LLC                                  6,567        7,027       31,889       38,916 
MS Facilities LLC (Main Street Lending Program)                      0            0       31,876       31,876 
Municipal Liquidity Facility LLC                                 1,200        1,200       14,879       16,079 
TALF II LLC                                                          0            0            0            0 

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, and
    Municipal Liquidity Facility LLC. Refer to the note on consolidation accompanying table 6.          





5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jun 17, 2020   Wednesday    Wednesday  
                                                        consolidation                Jun 10, 2020 Jun 19, 2019 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,431   +       19   -      239  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     6,570,172   +   14,930   +2,789,947  
    Securities held outright (1)                                          6,090,428   +  102,077   +2,429,201  
      U.S. Treasury securities                                            4,169,340   +   18,931   +2,059,256  
        Bills (2)                                                           326,044            0   +  326,039  
        Notes and bonds, nominal (2)                                      3,542,389   +   15,615   +1,572,119  
        Notes and bonds, inflation-indexed (2)                              264,552   +    3,401   +  148,036  
        Inflation compensation (3)                                           36,356   -       84   +   13,063  
      Federal agency debt securities (2)                                      2,347            0            0  
      Mortgage-backed securities (4)                                      1,918,741   +   83,146   +  369,945  
    Unamortized premiums on securities held outright  
    (5)                                                                     311,026   +    4,210   +  179,246  
    Unamortized discounts on securities held outright 
    (5)                                                                      -5,366   +       86   +    7,570  
    Repurchase agreements (6)                                                79,053   -   88,247   +   79,053  
    Loans (7)                                                                95,031   -    3,196   +   94,877  
  Net portfolio holdings of Commercial Paper          
    Funding Facility II LLC (8)                                              12,797   +        1   +   12,797  
  Net portfolio holdings of Corporate Credit          
  Facilities LLC (8)                                                         38,916   +    1,542   +   38,916  
  Net portfolio holdings of MS Facilities LLC (Main   
    Street Lending Program) (8)                                              31,876   +        1   +   31,876  
  Net portfolio holdings of Municipal Liquidity       
  Facility LLC (8)                                                           16,079   +        2   +   16,079  
  Net portfolio holdings of TALF II LLC (8)                                       0            0            0  
  Items in process of collection                                   (0)           51   +       11   -        2  
  Bank premises                                                               2,202   +        1   +       10  
  Central bank liquidity swaps (9)                                          352,470   -   92,050   +  352,453  
  Foreign currency denominated assets (10)                                   20,866   -      149   +       55  
  Other assets (11)                                                          31,594   +    1,447   +    8,784  
                                                                                                               
Total assets                                                       (0)    7,094,690   -   74,246   +3,250,674  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jun 17, 2020   Wednesday    Wednesday  
                                                        consolidation                Jun 10, 2020 Jun 19, 2019 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,910,886   +    3,859   +  221,230 
  Reverse repurchase agreements (12)                                         225,462   -   15,352   -   59,233 
  Deposits                                                          (0)    4,795,630   -   71,652   +2,971,426 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         3,069,439   -  121,215   +1,567,915 
    U.S. Treasury, General Account                                         1,565,306   +   60,737   +1,306,665 
    Foreign official                                                          16,247   -        9   +   11,003 
    Other (13)                                                      (0)      144,637   -   11,165   +   85,842 
  Deferred availability cash items                                  (0)          268   -        9   +      103 
  Treasury contributions to credit facilities (14)                           114,000   +   10,000   +  114,000 
  Other liabilities and accrued dividends (15)                                 9,531   -    1,090   +    3,453 
                                                                                                               
Total liabilities                                                   (0)    7,055,776   -   74,245   +3,250,978 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,090   -        1   -      302 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,915   -        1   -      302 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Loans includes primary, secondary, and seasonal loans and credit extended through the Primary           
    Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity
    Facility, and other credit extensions.                                                              
8.  Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury      
    contributions to the facility. Refer to note on consolidation below.                                
9.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
10. Revalued daily at current foreign currency exchange rates.                                              
11. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable. Also includes net portfolio holdings of Maiden Lane LLC.                       
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10             
    billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, Municipal
    Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 billion, and credit protection in the
    Money Market Mutual Fund Liquidity Facility of $1.5 billion.                                        
15. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, June 17, 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                                             1,431          24          38          127          81         196         142         242          23          38          91         164         267
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans (1)                             6,570,172     173,086   3,373,822      151,540     203,703     410,728     481,418     365,354     104,210      64,483     109,262     314,853     817,715
  Net portfolio holdings of Commercial      
     Paper Funding Facility II LLC (2)            12,797           0      12,797            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Corporate       
    Credit Facilities LLC (2)                     38,916           0      38,916            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of MS                                                                                                                                                                           
    Facilities LLC (Main Street Lending                                                                                                                                                                  
    Program) (2)                                  31,876      31,876           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Municipal       
    Liquidity Facility LLC (2)                    16,079           0      16,079            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF II LLC (2)            0           0           0            0           0           0           0           0           0           0           0           0           0
  Central bank liquidity swaps (3)               352,470      16,730     118,452       12,684      30,120      74,395      17,481      13,688       5,778       2,760       3,717       4,185      52,479
  Foreign currency denominated                                                                                                                                                                           
     assets (4)                                   20,866         990       7,014          751       1,783       4,404       1,035         810         342         163         220         248       3,106
  Other assets (5)                                33,847       8,014       9,104          821       1,120       2,412       2,539       1,907         816         430         812       1,799       4,074
  Interdistrict settlement account                     0  -   67,296  +  472,892   -   14,968  +    1,877  -   23,540  -  111,944  -   32,494  -   24,237  -   13,455  -   22,437  -   19,151  -  145,245
                                                                                                                                                                                                         
Total assets                                   7,094,690     163,958   4,054,597      151,483     239,444     469,759     392,854     350,643      87,409      54,689      92,115     303,299     734,442

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, June 17, 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                   1,910,886      58,128     640,562      52,952      85,644     125,029     263,286     126,109      58,375      30,819      52,781     161,799     255,402
  Reverse repurchase agreements (6)              225,462       5,063     116,735       5,144       7,054      14,131      16,616      12,593       3,562       2,131       3,585      10,866      27,983
  Deposits                                     4,795,630      59,566   3,205,011      91,690     143,091     321,595     110,310     209,846      24,611      20,991      35,083     129,514     444,321
    Depository institutions                    3,069,439      59,544   1,568,615      91,689     143,020     321,105     110,208     124,301      24,608      20,934      33,592     127,508     444,315
    U.S. Treasury, General Account             1,565,306           0   1,565,306           0           0           0           0           0           0           0           0           0           0
    Foreign official                              16,247           2      16,221           1           3           8           2           2           1           0           0           0           6
    Other (7)                                    144,637          21      54,869           0          68         482          99      85,543           3          57       1,490       2,005           0
  Earnings remittances due to the U.S.      
     Treasury (8)                                  1,331          27         738          26          33          58         101          74          20          10          12          69         163
  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                                     8,468         343       3,540         263         323         761         638         506         206         414         237         400         838
                                                                                                                                                                                                        
Total liabilities                              7,055,776     162,128   4,041,585     150,076     236,146     461,573     390,950     349,128      86,774      54,364      91,699     302,647     728,707
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,090       1,505      10,718       1,161       2,715       6,745       1,565       1,250         523         272         344         571       4,719
  Surplus                                          6,825         324       2,294         246         583       1,441         338         265         112          53          72          81       1,016
  Other capital                                        0           0           0           0           0           0           0           0           0           0           0           0           0
                                                                                                                                                                                                        
Total liabilities and capital                  7,094,690     163,958   4,054,597     151,483     239,444     469,759     392,854     350,643      87,409      54,689      92,115     303,299     734,442

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, June 17, 2020 (continued)


1.  Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight              
    securities lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between the
    purchase price and the face value of the securities that have not been amortized. For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, amortization is on an
    effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Loans includes primary, secondary, and
    seasonal loans and credit extended through the Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity Facility, and other credit        
    extensions.                                                                                                                                                                                         
2.  Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.                                 
3.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
4.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
5.  Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. Also includes Net portfolio       
    holdings of Maiden Lane LLC; refer to the note on consolidation for additional information.                                                                                                         
6.  Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
7.  Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
8.  Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
9.  Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10 billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, and          
    Municipal Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 billion, and credit protection in the Money Market Mutual Fund Liquidity Facility of $1.5 billion.                        
                                                                                                                                                                                                            


Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On April 14, 2020,
FRBNY began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC), a limited liability company formed to purchase three-month U.S dollar-denominated commercial paper by
eligible issuers. The assets of the CPFF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On May 12, 2020, FRBNY
began extending loans to the Corporate Credit Facilities LLC (CCF LLC), a limited liability company formed to purchase eligible bonds or portions of syndicated loans or bonds at issuance through
the Primary Market Corporate Credit Facility and to purchase eligible individual corporate bonds and exchange-traded funds through the Secondary Market Corporate Credit Facility. The assets of
the CCF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 5, 2020, FRBNY began extending loans to the Municipal
Liquidity Facility LLC (MLF LLC), a limited liability company formed to purchase municipal notes from eligible issuers. The assets of the MLF LLC and the amount provided by U.S. Treasury as
credit protection to the FRBNY are used to secure the loan from the FRBNY.                                                                                                                    
The FRBNY is the managing member of CPFF II LLC, CCF LLC, MLF LLC, and TALF II LLC. The Federal Reserve Bank of Boston (FRBB) is the managing member of MS Facilities LLC (Main Street Lending
Program). Consistent with generally accepted accounting principles, the assets and liabilities of each LLC have been accounted for and consolidated with the assets and liabilities of the
FRBNY or FRBB, in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any
balances held at the FRBNY for LLCs consolidated to FRBNY or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the
LLC appears as assets on table 6 (and in table 1 and table 5), and the liabilities of the LLC to entities other than the FRBNY or FRBB, including those with recourse only to the portfolio
holdings of the LLC, are included in other liabilities in this table (and table 1 and table 5). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on
table 6 (and in table 1 and table 5).
                                                                                                                                                       




7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Jun 17, 2020  

Federal Reserve notes outstanding                                                            2,067,014  
  Less: Notes held by F.R. Banks not subject to collateralization                              156,128  
    Federal Reserve notes to be collateralized                                               1,910,886  
Collateral held against Federal Reserve notes                                                1,910,886  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,894,649  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       6,169,481  
  Less: Face value of securities under reverse repurchase agreements                           216,811  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        5,952,670  

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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