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`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                December 10, 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   Dec 9, 2020 
Federal Reserve Banks                                      Dec 9, 2020  Dec 2, 2020 Dec 11, 2019              

Reserve Bank credit                                         7,192,018   +   14,983   +3,144,788    7,202,680  
  Securities held outright (1)                              6,627,832   +   13,875   +2,928,324    6,636,541  
    U.S. Treasury securities                                4,621,834   +   13,841   +2,348,398    4,630,538  
      Bills (2)                                               326,044            0   +  200,883      326,044  
      Notes and bonds, nominal (2)                          3,946,137   +   11,183   +1,947,832    3,952,652  
      Notes and bonds, inflation-indexed (2)                  306,368   +    2,493   +  181,539      308,426  
      Inflation compensation (3)                               43,285   +      165   +   18,145       43,415  
    Federal agency debt securities (2)                          2,347            0            0        2,347  
    Mortgage-backed securities (4)                          2,003,651   +       34   +  579,926    2,003,656  
  Unamortized premiums on securities held outright (5)        340,571   +      692   +  214,926      341,023  
  Unamortized discounts on securities held outright (5)        -5,079   -       84   +    8,045       -5,080  
  Repurchase agreements (6)                                     1,000            0   -  212,021        1,000  
    Foreign official                                            1,000            0   +    1,000        1,000  
    Others                                                          0            0   -  213,021            0  
  Loans                                                        60,005   -    3,005   +   59,983       59,426  
    Primary credit                                              2,087   -      247   +    2,076        1,952  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 0            0   -       11            0  
    Primary Dealer Credit Facility                                250   +        7   +      250          250  
    Money Market Mutual Fund Liquidity Facility                 4,462   -      453   +    4,462        4,449  
    Paycheck Protection Program Liquidity Facility             53,206   -    2,312   +   53,206       52,776  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Commercial Paper Funding      
    Facility II LLC (7)                                         8,562   +        3   +    8,562        8,557  
  Net portfolio holdings of Corporate Credit Facilities   
  LLC (7)                                                      46,123   +       95   +   46,123       46,138  
  Net portfolio holdings of MS Facilities LLC (Main       
    Street Lending Program) (7)                                44,205   +      707   +   44,205       44,821  
  Net portfolio holdings of Municipal Liquidity           
  Facility LLC (7)                                             16,472   -       83   +   16,472       16,359  
  Net portfolio holdings of TALF II LLC (7)                    12,265   +       47   +   12,265       12,463  
  Float                                                           -72   +      392   +       33          -93  
  Central bank liquidity swaps (8)                              9,333   +      978   +    9,264        9,565  
  Other Federal Reserve assets (9)                             30,800   +    1,366   +    8,607       31,961  
Foreign currency denominated assets (10)                       22,098   +      156   +    1,482       22,027  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,514   +       14   +      459       50,514  
                                                                                                              
Total factors supplying reserve funds                       7,280,870   +   15,153   +3,146,728    7,291,462  

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   Dec 9, 2020 
Federal Reserve Banks                                      Dec 9, 2020  Dec 2, 2020 Dec 11, 2019              

Currency in circulation (11)                                 2,066,367   -      814   +  274,435    2,066,759 
Reverse repurchase agreements (12)                             183,152   -    5,908   -   83,065      192,257 
  Foreign official and international accounts                  183,151   -    5,908   -   82,535      192,254 
  Others                                                             1            0   -      531            3 
Treasury cash holdings                                              41   -        3   -      147           40 
Deposits with F.R. Banks, other than reserve balances        1,747,509   +   19,252   +1,355,343    1,718,891 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                             1,534,243   +    3,190   +1,207,378    1,502,361 
  Foreign official                                              21,798   +      519   +   16,615       21,823 
  Other (13)                                                   191,468   +   15,543   +  131,350      194,708 
Treasury contributions to credit facilities (14)               114,000            0   +  114,000      114,000 
Other liabilities and capital (15)                              52,322   +    2,455   +    7,339       51,859 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  4,163,391   +   14,981   +1,667,905    4,143,806 
                                                                                                              
Reserve balances with Federal Reserve Banks                  3,117,480   +      173   +1,478,823    3,147,656 

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   Dec 9, 2020 
                                                           Dec 9, 2020  Dec 2, 2020 Dec 11, 2019              

Securities held in custody for foreign official and       
     international accounts                                  3,483,801   +   16,219   +   78,622    3,488,026 
  Marketable U.S. Treasury securities (1)                    3,035,371   +   15,845   +   79,538    3,039,475 
  Federal agency debt and mortgage-backed securities (2)       361,483   +      216   -    4,241      361,491 
  Other securities (3)                                          86,947   +      158   +    3,325       87,060 
Securities lent to dealers                                      31,495   +       97   -    2,146       29,721 
  Overnight facility (4)                                        31,495   +       97   -    2,146       29,721 
    U.S. Treasury securities                                    31,495   +       97   -    2,146       29,721 
    Federal agency debt securities                                   0            0            0            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 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, December 9, 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)                                    2,072         3,985           594        52,776             0           ...        59,426 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                  41,310       345,014       637,152     1,737,549       830,650     1,038,864     4,630,538 
  Weekly changes                        -   15,413    +    9,116    +    6,299    +   11,313    +      986    +    3,827    +   16,128 
Federal agency debt securities (3)                                                                                                     
  Holdings                                       0             0             0             0         1,818           529         2,347 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0             4         2,112        74,096     1,927,443     2,003,656 
  Weekly changes                                 0             0             0             0    +      192    -      156    +       35 
Commercial paper held by Commercial                                                                                                    
  Paper Funding Facility II LLC (5)              0             0             0           ...           ...           ...             0 
Loan participations held by MS                                                                                                         
  Facilities LLC (Main Street Lending                                                                                                   
  Program) (6)                                   0             0             0         7,333           ...           ...         7,333 
Municipal notes held by Municipal                                                                                                      
  Liquidity Facility LLC (7)                     0             0         1,003           451           ...           ...         1,454 
Loans held by TALF II LLC (8)                    0             0             0         3,655           ...           ...         3,655 
Repurchase agreements (9)                    1,000             0           ...           ...           ...           ...         1,000 
Central bank liquidity swaps (10)            2,562         7,003             0             0             0             0         9,565 
Reverse repurchase agreements (9)          192,257             0           ...           ...           ...           ...       192,257 
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   
                                                                                                                       Dec 9, 2020  

Mortgage-backed securities held outright (1)                                                                             2,003,656  
  Residential mortgage-backed securities                                                                                 1,993,835  
  Commercial mortgage-backed securities                                                                                      9,821  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                          239,126  
Commitments to sell mortgage-backed securities (2)                                                                           7,520  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    1  



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 Dec 9, 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                             0            0        8,557        8,557 
Corporate Credit Facilities LLC                                 13,813       14,021       32,117       46,138 
MS Facilities LLC (Main Street Lending Program)                  7,327        7,237       37,584       44,821 
Municipal Liquidity Facility LLC                                 1,454        1,454       14,904       16,359 
TALF II LLC                                                      3,946        3,655        8,808       12,463 

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, net of an      
    allowance for loan losses updated as of                                                             
    September 30, 2020, at face value.                                                                      
    d. For the Municipal Liquidity Facility LLC includes municipal notes at book value. Asset balances      
    from trading activity may be reported on                                                            
    a one-day lag after the transaction date.                                                               
    e. For the TALF II LLC includes loans to holders of eligible asset-backed securities at book value.     
3.  Includes short term receivables, interest and dividend receivables, and other assets of the             
    facility. Also includes the portion of the Treasury contribution to the credit facilities, which is held as
    investments in nonmarketable Treasury securities and the residual portion which is held as cash and 
    cash equivalents at the FRBNY. The amount of cash and cash equivalents held at the FRBNY are        
    eliminated in consolidation and, as result, are excluded from net portfolio holdings in Tables 1, 5, and 6.
    Amounts excluded are initially 15% of Treasury contributions to the credit facilities from the      
    following consolidated LLCs: Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC,
    Municipal Liquidity Facility LLC, and TALF II LLC. Refer to the note on consolidation accompanying table
    6.                                                                                                  





5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from        Dec 9, 2020   Wednesday    Wednesday  
                                                        consolidation                 Dec 2, 2020 Dec 11, 2019 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,541   +       27   -      108  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     7,032,910   +   14,807   +2,999,099  
    Securities held outright (1)                                          6,636,541   +   16,163   +2,928,273  
      U.S. Treasury securities                                            4,630,538   +   16,128   +2,348,342  
        Bills (2)                                                           326,044            0   +  194,024  
        Notes and bonds, nominal (2)                                      3,952,652   +   12,270   +1,953,696  
        Notes and bonds, inflation-indexed (2)                              308,426   +    3,600   +  182,453  
        Inflation compensation (3)                                           43,415   +      257   +   18,168  
      Federal agency debt securities (2)                                      2,347            0            0  
      Mortgage-backed securities (4)                                      2,003,656   +       35   +  579,931  
    Unamortized premiums on securities held outright  
    (5)                                                                     341,023   +      846   +  215,312  
    Unamortized discounts on securities held outright 
    (5)                                                                      -5,080   -       14   +    8,063  
    Repurchase agreements (6)                                                 1,000            0   -  211,957  
    Loans (7)                                                                59,426   -    2,187   +   59,408  
  Net portfolio holdings of Commercial Paper          
    Funding Facility II LLC (8)                                               8,557   -        6   +    8,557  
  Net portfolio holdings of Corporate Credit          
  Facilities LLC (8)                                                         46,138   +       60   +   46,138  
  Net portfolio holdings of MS Facilities LLC (Main   
    Street Lending Program) (8)                                              44,821   +    1,038   +   44,821  
  Net portfolio holdings of Municipal Liquidity       
  Facility LLC (8)                                                           16,359   -      197   +   16,359  
  Net portfolio holdings of TALF II LLC (8)                                  12,463   +      345   +   12,463  
  Items in process of collection                                   (0)           80   +        6   +       17  
  Bank premises                                                               2,199   +        7   +        7  
  Central bank liquidity swaps (9)                                            9,565   +    1,116   +    9,496  
  Foreign currency denominated assets (10)                                   22,027   -       91   +    1,391  
  Other assets (11)                                                          29,762   +    3,131   +    8,928  
                                                                                                               
Total assets                                                       (0)    7,242,658   +   20,244   +3,147,167  

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        Dec 9, 2020   Wednesday    Wednesday  
                                                        consolidation                 Dec 2, 2020 Dec 11, 2019 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         2,017,822   -    1,002   +  273,173 
  Reverse repurchase agreements (12)                                         192,257   +    6,720   -   70,376 
  Deposits                                                          (0)    4,866,547   +   13,817   +2,823,064 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         3,147,656   +   46,421   +1,476,460 
    U.S. Treasury, General Account                                         1,502,361   -   54,878   +1,198,201 
    Foreign official                                                          21,823   +      535   +   16,641 
    Other (13)                                                      (0)      194,708   +   21,741   +  131,763 
  Deferred availability cash items                                  (0)          173   -      485   -      101 
  Treasury contributions to credit facilities (14)                           114,000            0   +  114,000 
  Other liabilities and accrued dividends (15)                                12,630   +    1,192   +    6,691 
                                                                                                               
Total liabilities                                                   (0)    7,203,428   +   20,241   +3,146,449 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,404   +        1   +      717 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,229   +        1   +      717 

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, December 9, 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                                             1,541          29          36          131          86         206         151         257          32          43         105         180         284
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans (1)                             7,032,910     162,425   3,621,179      165,036     219,870     440,323     516,632     391,091     111,713      73,187     115,790     338,237     877,426
  Net portfolio holdings of Commercial      
     Paper Funding Facility II LLC (2)             8,557           0       8,557            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Corporate       
    Credit Facilities LLC (2)                     46,138           0      46,138            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of MS                                                                                                                                                                           
    Facilities LLC (Main Street Lending                                                                                                                                                                  
    Program) (2)                                  44,821      44,821           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Municipal       
    Liquidity Facility LLC (2)                    16,359           0      16,359            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF II LLC (2)       12,463           0      12,463            0           0           0           0           0           0           0           0           0           0
  Central bank liquidity swaps (3)                 9,565         454       3,214          344         817       2,019         474         371         157          75         101         114       1,424
  Foreign currency denominated                                                                                                                                                                           
     assets (4)                                   22,027       1,045       7,405          793       1,882       4,649       1,092         855         361         172         232         261       3,279
  Other assets (5)                                32,041       2,315      13,771          800       1,050       2,280       2,434       1,809         790         444         793       1,707       3,850
  Interdistrict settlement account                     0  -   11,227  +  228,160   -   19,491  +   79,334  +   96,839  -  113,986  -    7,809  -   22,047  -   11,685  -   19,964  -   42,681  -  155,442
                                                                                                                                                                                                         
Total assets                                   7,242,658     200,395   3,962,763      148,142     303,800     547,480     408,980     387,711      91,486      62,507      97,506     299,020     732,866

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, December 9, 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                   2,017,822      61,823     673,957      55,270      92,547     145,632     279,338     131,367      58,448      33,197      54,518     168,781     262,943
  Reverse repurchase agreements (6)              192,257       4,317      99,542       4,386       6,015      12,049      14,169      10,738       3,038       1,817       3,057       9,266      23,861
  Deposits                                     4,866,547      92,962   3,094,723      86,739     201,440     380,642     112,797     243,385      29,006      26,830      39,213     119,751     439,060
    Depository institutions                    3,147,656      92,936   1,495,546      86,737     201,404     380,111     112,716     125,405      28,999      26,778      39,092     118,918     439,014
    U.S. Treasury, General Account             1,502,361           0   1,502,361           0           0           0           0           0           0           0           0           0           0
    Foreign official                              21,823           2      21,796           1           3           8           2           2           1           0           0           0           6
    Other (7)                                    194,708          25      75,020           0          33         522          79     117,978           6          52         120         833          40
  Earnings remittances due to the U.S.      
     Treasury (8)                                  2,343          49       1,237          52          70         140         171         129          35          19          35         113         292
  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                                    10,459         411       5,134         286         345         838         706         559         230         316         262         444         928
                                                                                                                                                                                                        
Total liabilities                              7,203,428     198,562   3,949,594     146,733     300,418     539,301     407,181     386,179      90,756      62,178      97,085     298,356     727,085
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,404       1,509      10,875       1,163       2,800       6,738       1,461       1,267         618         275         349         583       4,766
  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                  7,242,658     200,395   3,962,763     148,142     303,800     547,480     408,980     387,711      91,486      62,507      97,506     299,020     732,866

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, December 9, 2020 (continued)


1.  Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight              
    securities lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between the
    purchase price and the face value of the securities that have not been amortized. For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, amortization is on an
    effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Loans includes primary, secondary, and
    seasonal loans and credit extended through the Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity Facility, and other credit        
    extensions.                                                                                                                                                                                         
2.  Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.                                 
3.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
4.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
5.  Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. Also includes Net portfolio       
    holdings of Maiden Lane LLC; refer to the note on consolidation for additional information.                                                                                                         
6.  Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
7.  Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
8.  Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.                                                                         
9.  Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10 billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, and          
    Municipal Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 billion, and credit protection in the Money Market Mutual Fund Liquidity Facility of $1.5 billion.                        
                                                                                                                                                                                                            



    Note on consolidation:                                                                                                                                                                                  
    The Federal Reserve Bank of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies under the authority of section 13(3) of the Federal       
    Reserve Act. On April 14, 2020, FRBNY began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC), a limited liability company formed to purchase three-month U.S           
    dollar-denominated commercial paper by eligible issuers. The assets of the CPFF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On
    May 12, 2020, FRBNY began extending loans to the Corporate Credit Facilities LLC (CCF LLC), a limited liability company formed to purchase eligible bonds or portions of syndicated loans or bonds at
    issuance through the Primary Market Corporate Credit Facility and to purchase eligible individual corporate bonds and exchange-traded funds through the Secondary Market Corporate Credit Facility. 
    The assets of the CCF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 5, 2020, FRBNY began extending loans to the
    Municipal Liquidity Facility LLC (MLF LLC), a limited liability company formed to purchase municipal notes from eligible issuers. The assets of the MLF LLC and the amount provided by U.S. Treasury
    as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 25, 2020, FRBNY began extending loans to the TALF II LLC, a special purpose vehicle that was formed to help   
    support the flow of credit to consumers and businesses. The assets of the TALF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the
    FRBNY. On July 15, 2020, the FRBB began extending loans to the MS Facilities LLC (Main Street Lending Program), a special purpose vehicle that was formed to help ensure credit flows to small and  
    medium-sized businesses and to eligible nonprofits. The assets of the MS Facilities LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are used to secure the loan from the
    FRBB.                                                                                                                                                                                               
    The FRBNY is the managing member of CPFF II LLC, CCF LLC, MLF LLC, and TALF II LLC. The FRBB is the managing member of MS Facilities LLC (Main Street Lending Program). Consistent with generally       
    accepted accounting principles, the assets and liabilities of each LLC have been accounted for and consolidated with the assets and liabilities of the FRBNY or FRBB, in the preparation of the     
    statements of condition shown on this release. As a consequence of the consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any balances held at the FRBNY for LLCs consolidated
    to FRBNY or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appears as assets on table 6 (and in table 1 and
    table 5), and the liabilities of the LLC to entities other than the FRBNY or FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this
    table (and table 1 and table 5). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on table 6 (and in table 1 and table 5).                        





7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                           Dec 9, 2020  

Federal Reserve notes outstanding                                                            2,177,536  
  Less: Notes held by F.R. Banks not subject to collateralization                              159,714  
    Federal Reserve notes to be collateralized                                               2,017,822  
Collateral held against Federal Reserve notes                                                2,017,822  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   2,001,585  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       6,637,541  
  Less: Face value of securities under reverse repurchase agreements                           184,195  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        6,453,346  

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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