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FEDERAL RESERVE statistical release For Release at 4:30 P.M. Eastern time June 4, 2020 The Board's H.4.1 statistical release, “Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks,” has been modified to include information related to Main Street Lending Program (MSLP). Under the MSLP, the Federal Reserve Bank of Boston (FRBB) is operating three facilities: Main Street New Loan Facility, Main Street Priority Loan Facility, and Main Street Expanded Loan Facility. These facilities operate through the MS Facilities LLC (MSF LLC), a special purpose vehicle that was formed to help ensure credit flows to small and medium-sized businesses. On April 30, 2020, the Federal Reserve announced the MSLP. On June 1, 2020, the Federal Reserve Bank of New York (FRBNY) received Treasury’s equity contribution for the MSLP program on behalf of the FRBB. Consistent with generally accepted accounting principles, the assets and liabilities of MSF LLC have been consolidated with the assets and liabilities of the FRBB in the preparation of the statements of condition shown on the release because the FRBB is the managing member of MSF LLC. The net portfolio holdings of MSF LLC appear as an asset in the statement of condition of the FRBB (table 5), the consolidated statement of condition of all Federal Reserve Banks (table 4), and factors affecting reserve balances of depository institutions (table 1). The amount provided by the U.S. Treasury as credit protection for the MSF LLC is included in “Treasury contributions to credit facilities” in tables 1, 4, and 5. On May 29, 2020, pursuant to the Municipal Liquidity Facility LLC (MLF LLC) agreements, 85% of the Treasury’s equity contributions were invested in nonmarketable Treasury securities and reported in “Net portfolio holdings of Municipal Liquidity Facility LLC” in tables 1, 4, and 5. As of June 3, 2020, the MLF LLC executed its first transaction. Upon settlement, FRBNY will extend a loan. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 4, 2020 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks Reserve Bank credit Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Unamortized premiums on securities held outright5 Unamortized discounts on securities held outright5 Repurchase agreements6 Foreign official Others Loans Primary credit Secondary credit Seasonal credit Primary Dealer Credit Facility Money Market Mutual Fund Liquidity Facility Paycheck Protection Program Liquidity Facility Other credit extensions Net portfolio holdings of Commercial Paper Funding Facility II LLC7 Net portfolio holdings of Corporate Credit Facilities LLC7 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)7 Net portfolio holdings of Municipal Liquidity Facility LLC7 Float Central bank liquidity swaps8 Other Federal Reserve assets9 Foreign currency denominated assets10 Gold stock Special drawing rights certificate account Treasury currency outstanding11 Week ended Jun 3, 2020 Averages of daily figures Change from week ended May 27, 2020 Jun 5, 2019 7,101,184 5,960,109 4,122,441 326,044 3,501,424 258,194 36,779 2,347 1,835,322 305,015 -5,487 199,714 0 199,714 104,441 13,731 0 5 5,782 31,661 53,262 0 + + + 12,794 35,572 + + 0 12,921 -580 447,244 29,441 20,735 11,041 5,200 50,345 + + + + + + + + + + + 41,623 1,384 21,333 0 19,743 1,600 10 0 19,948 406 57 24,784 1 24,785 2,865 5,100 0 3 1,179 2,660 6,070 0 1,216 5,720 0 12,921 368 1,492 140 210 0 0 14 7,188,505 + 41,847 Total factors supplying reserve funds Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. +3,293,027 +2,291,923 +2,012,008 + 325,994 +1,530,255 + 141,843 + 13,916 0 + 279,917 + 172,552 + 7,518 + 199,714 0 + 199,714 + 104,330 + 13,661 0 37 + 5,782 + 31,661 + 53,262 0 + + Wednesday Jun 3, 2020 7,126,020 5,972,297 4,134,356 326,044 3,512,424 259,151 36,737 2,347 1,835,594 305,269 -5,504 211,550 0 211,550 101,956 11,011 0 9 5,847 29,859 55,230 0 12,794 35,572 12,795 36,154 0 12,921 113 447,227 8,589 59 0 0 437 0 16,075 -718 446,945 29,200 20,768 11,041 5,200 50,345 +3,293,405 7,213,375 + + + - + H.4.1 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks Week ended Jun 3, 2020 Averages of daily figures Change from week ended May 27, 2020 Jun 5, 2019 Currency in circulation11 Reverse repurchase agreements12 Foreign official and international accounts Others Treasury cash holdings Deposits with F.R. Banks, other than reserve balances Term deposits held by depository institutions U.S. Treasury, General Account Foreign official Other13 Treasury contributions to credit facilities14 Other liabilities and capital15 1,949,802 253,072 252,214 857 199 1,616,614 0 1,434,823 16,277 165,514 82,571 48,786 + + + + + Total factors, other than reserve balances, absorbing reserve funds Reserve balances with Federal Reserve Banks Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Wednesday Jun 3, 2020 + + + - 5,584 7,566 7,327 238 40 31,049 0 124,332 31 93,314 28,571 199 + 211,159 26,641 26,214 428 44 +1,322,531 2,700 +1,211,185 + 11,032 + 103,013 + 82,571 + 3,458 1,952,420 246,054 246,041 13 156 1,603,262 0 1,431,462 16,281 155,519 104,000 50,048 3,951,044 + 72,531 +1,593,034 3,955,940 3,237,461 - 30,683 +1,700,372 3,257,435 Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 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. Cash value of agreements. 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. 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. Includes bank premises, accrued interest, and other accounts receivable. Also includes net portfolio holdings of Maiden Lane LLC. Revalued daily at current foreign currency exchange rates. Estimated. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities 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. 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 credit protection in the Money Market Mutual Fund Liquidity Facility of $1.5 billion. Includes the liability for earnings remittances due to the U.S. Treasury. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. H.4.1 1A. Memorandum Items Millions of dollars Memorandum item Securities held in custody for foreign official and international accounts Marketable U.S. Treasury securities1 Federal agency debt and mortgage-backed securities2 Other securities3 Securities lent to dealers Overnight facility4 U.S. Treasury securities Federal agency debt securities Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. Week ended Jun 3, 2020 3,389,775 2,927,283 377,333 85,159 30,379 30,379 30,379 0 Averages of daily figures Change from week ended May 27, 2020 Jun 5, 2019 + - 1,461 2,308 3,508 261 2,315 2,315 2,315 0 + + - 53,633 106,974 44,764 8,577 1,059 1,059 1,059 0 Wednesday Jun 3, 2020 3,401,036 2,938,575 377,355 85,107 34,387 34,387 34,387 0 Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 4, and 5. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value. Face value. Fully collateralized by U.S. Treasury securities. H.4.1 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 3, 2020 Millions of dollars Within 15 days Remaining Maturity 9,896 Loans1 U.S. Treasury securities2 Holdings Weekly changes Federal agency debt securities3 Holdings Weekly changes 16 days to 90 days - 49,583 6,025 0 0 26,253 + 283,619 4,580 1. 2. 3. 4. 5. 6. 7. 8. + 0 0 Mortgage-backed securities4 0 0 Holdings 0 0 Weekly changes Commercial paper held by Commercial 0 4,255 Paper Funding Facility II LLC5 Loan participations held by MS Facilities LLC (Main Street Lending 0 0 Program)6 190,250 21,300 Repurchase agreements7 231,608 215,338 Central bank liquidity swaps8 246,054 0 Reverse repurchase agreements7 0 0 Term deposits Note: Components may not sum to totals because of rounding. ...Not applicable. Over 1 year to 5 years Over 5 year to 10 years 10,577 55,230 0 589,247 25,027 1,575,173 2,379 0 0 0 0 91 days to 1 year + 5 1 + 2,230 13 - 719,393 522 Over 10 years ... + 1,436 0 + 80,883 134 All 917,341 4,164 101,956 + 911 0 + 1,752,477 337 4,134,356 24,844 2,347 0 + 1,835,594 484 0 ... ... ... 4,255 0 ... 0 ... 0 0 ... 0 ... ... ... ... 0 ... ... ... ... 0 ... ... 0 211,550 446,945 246,054 0 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, and Municipal Liquidity Facility 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. 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. Face value. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. Face value of commercial paper held by Commercial Paper Funding Facility II LLC. Face value of the loan participations held by the MS Facilities LLC. Cash value of agreements. 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. H.4.1 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Account name Wednesday Jun 3, 2020 Mortgage-backed securities held outright1 Residential mortgage-backed securities Commercial mortgage-backed securities 1,835,594 1,826,489 9,106 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 142,439 20 33 Cash and cash equivalents3 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 2. Current face value. Includes residential and commercial mortgage-backed securities. Residential mortgage-backed securities generally settle within 180 calendar days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities generally settle within three business days. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 4 and table 5. H.4.1 4. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Assets, liabilities, and capital Assets Gold certificate account Special drawing rights certificate account Coin Securities, unamortized premiums and discounts, repurchase agreements, and loans Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Unamortized premiums on securities held outright5 Unamortized discounts on securities held outright5 Repurchase agreements6 Loans7 Net portfolio holdings of Commercial Paper Funding Facility II LLC8 Net portfolio holdings of Corporate Credit Facilities LLC8 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 Net portfolio holdings of Municipal Liquidity Facility LLC8 Items in process of collection Bank premises Central bank liquidity swaps9 Foreign currency denominated assets10 Other assets11 Eliminations from consolidation Wednesday Jun 3, 2020 11,037 5,200 1,434 (0) Change since Wednesday Wednesday May 27, 2020 Jun 5, 2019 - 0 0 13 - 0 0 226 6,585,568 5,972,297 4,134,356 326,044 3,512,424 259,151 36,737 2,347 1,835,594 305,269 -5,504 211,550 101,956 + + + + + + - 51,846 25,328 24,844 0 23,250 1,700 106 0 484 1,013 4 30,449 4,940 12,795 36,154 + + 1 1,301 + + 12,795 36,154 0 16,075 41 2,198 446,945 20,768 27,002 + + + 0 16,075 26 7 2,001 204 520 + + + + 0 16,075 85 9 446,928 87 7,388 + 67,901 +3,317,572 (0) 7,165,217 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. + + - +2,798,622 +2,304,760 +2,024,571 + 325,994 +1,542,154 + 142,635 + 13,789 0 + 280,189 + 172,912 + 7,490 + 211,550 + 101,911 H.4.1 4. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes, net of F.R. Bank holdings Reverse repurchase agreements12 Deposits Term deposits held by depository institutions Other deposits held by depository institutions U.S. Treasury, General Account Foreign official Other13 Deferred availability cash items Treasury contributions to credit facilities14 Other liabilities and accrued dividends15 Total liabilities Capital accounts Capital paid in Surplus Other capital accounts Total capital Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Eliminations from consolidation (0) (0) (0) (0) Wednesday Jun 3, 2020 Change since Wednesday Wednesday May 27, 2020 Jun 5, 2019 1,903,660 246,054 4,860,697 0 3,257,435 1,431,462 16,281 155,519 758 104,000 11,131 + + + + + + + + 4,146 2,078 20,800 0 60,253 104,565 30 23,543 403 37,500 2,971 + 212,880 25,652 +3,021,599 2,700 +1,697,725 +1,223,815 + 11,037 + 91,721 + 183 + 104,000 + 4,834 7,126,300 + 67,898 +3,317,843 32,092 6,825 0 + 3 0 0 - 271 0 0 38,917 + 3 - 271 Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 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. 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. 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. 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. Revalued daily at current foreign currency exchange rates. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also includes net portfolio holdings of Maiden Lane LLC. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 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. 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 credit protection in the Money Market Mutual Fund Liquidity Facility of $1.5 billion. Includes the liability for earnings remittances due to the U.S. Treasury. H.4.1 5. Statement of Condition of Each Federal Reserve Bank, June 3, 2020 Millions of dollars Assets, liabilities, and capital Assets Gold certificates and special drawing rights certificates Coin Securities, unamortized premiums and discounts, repurchase agreements, and loans1 Net portfolio holdings of Commercial Paper Funding Facility II LLC2 Net portfolio holdings of Corporate Credit Facilities LLC2 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)2 Net portfolio holdings of Municipal Liquidity Facility LLC2 Central bank liquidity swaps3 Foreign currency denominated assets4 Other assets5 Interdistrict settlement account Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Francisco Dallas 16,237 1,434 533 27 5,483 39 529 132 761 82 1,165 197 2,183 138 1,137 243 479 22 270 39 450 92 1,202 161 2,045 263 6,585,568 178,663 3,381,390 151,507 203,857 411,240 481,957 365,741 104,346 64,580 109,132 315,042 818,114 12,795 0 12,795 0 0 0 0 0 0 0 0 0 0 36,154 0 36,154 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16,075 446,945 0 21,215 16,075 150,202 0 16,084 0 38,194 0 94,336 0 22,167 0 17,357 0 7,326 0 3,500 0 4,713 0 5,306 0 66,546 986 39,790 58,514 + 6,982 -25,132 428,674 - 747 716 14,054 - 340 750 25,357 - 163 403 11,918 - 219 733 20,230 - 87,907 57,035 95,109 20,768 29,241 0 - 1,774 981 1,744 + 7,165,217 182,700 4,012,663 155,660 243,904 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 4,383 2,130 28,242 541,693 1,030 2,190 120,711 388,953 806 1,654 31,453 355,485 247 1,517 8,125 315,349 3,092 3,508 164,810 728,758 H.4.1 5. Statement of Condition of Each Federal Reserve Bank, June 3, 2020 (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes, net Reverse repurchase agreements6 Deposits Depository institutions U.S. Treasury, General Account Foreign official Other7 Earnings remittances due to the U.S. Treasury8 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Francisco Dallas 1,903,660 246,054 4,860,697 58,850 5,526 77,195 632,808 127,396 3,168,346 51,716 5,614 96,652 85,597 7,698 146,949 125,894 15,421 391,374 262,348 18,133 105,858 126,499 13,743 213,182 58,698 3,888 24,449 30,938 2,325 22,537 52,677 3,913 37,858 160,397 11,858 142,007 257,237 30,538 434,289 3,257,435 1,431,462 16,281 155,519 77,173 0 2 20 1,666,633 1,431,462 16,254 53,998 96,651 0 1 0 146,802 0 3 144 390,259 0 8 1,107 105,757 0 2 99 119,017 0 2 94,164 24,438 0 1 10 22,480 0 0 57 34,328 0 0 3,530 139,616 0 0 2,390 434,282 0 6 1 2,005 -5 1,027 49 77 125 162 112 44 23 36 92 262 104,000 39,000 65,000 0 0 0 0 0 0 0 0 0 0 9,884 305 5,072 232 285 692 548 435 192 887 210 343 685 7,126,300 180,871 3,999,649 154,263 240,606 533,507 387,049 353,971 87,271 56,710 94,693 314,697 723,011 32,092 6,825 0 1,505 324 0 10,720 2,294 0 1,151 246 0 2,715 583 0 6,745 1,441 0 1,565 338 0 1,249 265 0 524 112 0 272 53 0 344 72 0 571 81 0 4,730 1,016 0 7,165,217 182,700 4,012,663 155,660 243,904 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 541,693 388,953 355,485 87,907 57,035 95,109 315,349 728,758 Treasury contributions to credit facilities9 Other liabilities and accrued dividends Total liabilities Capital Capital paid in Surplus Other capital H.4.1 5. Statement of Condition of Each Federal Reserve Bank, June 3, 2020 (continued) 1. 2. 3. 4. 5. 6. 7. 8. 9. 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. 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. 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. Revalued daily at current foreign currency exchange rates. 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. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 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. 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. 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 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 are used to secure the loan from the FRBNY and the amount provided by U.S. Treasury as credit protection to 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 are used to secure the loan from the FRBNY and the amount provided by U.S. Treasury as credit protection to the FRBNY. The FRBNY is the managing member of CPFF II LLC, CCF LLC, and Municipal Liquidity Facility 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 5 (and in table 1 and table 4), 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 4). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on table 5 (and in table 1 and table 4). H.4.1 6. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts Millions of dollars Federal Reserve notes and collateral Federal Reserve notes outstanding Less: Notes held by F.R. Banks not subject to collateralization Federal Reserve notes to be collateralized Collateral held against Federal Reserve notes Gold certificate account Special drawing rights certificate account U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 Other assets pledged Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 Less: Face value of securities under reverse repurchase agreements U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged Note: Components may not sum to totals because of rounding. 1. 2. 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. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Wednesday Jun 3, 2020 2,057,497 153,837 1,903,660 1,903,660 11,037 5,200 1,887,423 0 6,183,847 235,690 5,948,157
@FedFRASER