`FEDERAL RESERVEThese data are scheduled for release each Thursday.  The exact time of each release will be announced, whenthe information is available, on (202) 452-3206. H.4.1Factors Affecting Reserve Balances of Depository Institutions andCondition Statement of F.R. Banks                                                                                              March 2, 2000Millions of dollars`

|        | Averages of daily figures
|------- | -------------------------
|
|
|556,770 | -     281                
|        |                          
|501,486 | -     707                
|0       | 0                        
|        |                          
|150     | 0                        
|0       | 0                        
|21,333  | +     292                
|0       | 0                        
|        |                          
|31      | -      11                
|57      | +       5                
|16      | +       1                
|0       | 0                        
|903     | -     110                
|32,793  | +     247                
|11,048  | 0                        
|6,200   | 0                        
|28,125  | +      14                
|602,143 | -     268                
|        |                          
|563,836 | -   1,697                
|0       | 0                        
|162     | 0                        
|        |                          
|5,090   | -     244                
|92      | +      11                
|6,917   | -      42                
|245     | +       7                
|18,807  | -      16                
|595,148 | -   1,983                
|6,995   | +   1,715                

`On      March 1, 2000, the face amount of marketable U.S. government and federal agency securities held in custody by the Federal ReserveBanks for foreign official and international accounts was $    704,579 million, a change of $  +   4,442 million for the week. The total includes$    621,082 million of U.S. government securities and $     83,496 million of federal agency securities. The total includes the face value ofU.S. Treasury strips and other zero coupon bonds.1  Face value of the securities.2  Net of $     17,310 million (daily average over statement week) and $     16,897 million (outstanding on   Wednesday statement date) matched sale-purchase transactions, of which $     17,310 million (daily average)   and $     16,897 million (outstanding on Wednesday statement date) were with foreign official and international   accounts.  Includes securities loans of $        129 million (daily average) and $        298 million   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.3  Includes $      5,792 million of inflation-indexed securities valued at the original face amount and   $        232 million of compensation that adjusts for the effects of inflation on the principal of such   securities.4  Cash value of agreements arranged through third-party custodial banks.  These agreements are collateralized   by U.S. government and federal agency securities.5  Consists of required clearing balances of $      6,528 million and adjustments of $        389 million to   compensate for float.  * Estimated (Treasury's figures).    CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKSMillions of Dollars`

|      |         |           | Change Since
|----- | ------- | --------- | ------------
|
|      | 11,048  | 0         | +       1   
|      | 6,200   | 0         | -   3,000   
|      | 419     | -       6 | -      16   
|      | 108     | -       9 | +      91   
|      | 0       | 0         | 0           
|      | 24,265  | +      10 | +  24,265   
|      |         |           |             
|      | 150     | 0         | -     186   
|      | 0       | 0         | -   2,047   
|      |         |           |             
|      | 198,802 | +   1,476 | -     517   
|      | 217,843 | 0         | +  26,717   
|      | 85,254  | 0         | +  13,701   
|      | 501,899 | +   1,476 | +  39,901   
|      | 0       | 0         | -   5,562   
|      | 501,899 | +   1,476 | +  34,339   
|      | 526,422 | +   1,477 | +  56,462   
|      |         |           |             
|(826) | 8,040   | -   5,245 | -   2,019   
|      | 1,380   | +       5 | +      78   
|      | 30,920  | -     467 | -   1,904   
|(826) | 584,429 | -   4,236 | +  49,603   
|      |         |           |             
|      |         |           |             
|      | 536,827 | -   1,469 | +  48,733   
|      | 0       | 0         | 0           
|      |         |           |             
|      | 16,058  | -     481 | -     466   
|      | 5,019   | +     201 | -      31   
|      | 99      | -       8 | -      86   
|(0)   | 234     | -       4 | -      31   
|(0)   | 21,410  | -     293 | -     613   
|(826) | 7,862   | -   2,194 | -     590   
|      | 4,652   | -      37 | +     565   
|(826) | 570,752 | -   3,992 | +  48,096   
|      |         |           |             
|      |         |           |             
|      | 6,701   | +       4 | +     625   
|      | 6,410   | -      21 | +     516   
|      | 566     | -     226 | +     366   

`*Figures in parentheses are the eliminations made in the consolidation process.1  Cash value of agreements arranged through third-party custodial banks.2  Face value of the securities.3  Includes $      4,254 million of inflation-indexed securities valued at the original face amount and   $        182 million of compensation that adjusts for the effects of inflation on the principal of such   securities.4  Includes $      1,538 million of inflation-indexed securities valued at the original face amount and   $         50 million of compensation that adjusts for the effects of inflation on the principal of such   securities.5  Net of $     16,897 million matched sale-purchase transactions outstanding at the end of the latest   statement week.  Includes securities loans of $        298 million that are fully collateralized by otherU.S. government securities.6  Includes assets denominated in foreign currencies, revalued monthly at market exchange rates.7  Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of   foreign exchange commitments.Components may not add to totals due to rounding.  MATURITY DISTRIBUTION OF LOANS AND SECURITIES,      March 1, 2000Holdings of securities include securitites held under repurchase agreements, which are classified accordingto remaining maturity. Millions of dollars`

|    | U.S. governmentsecurities (1,2) | Federal agencyobligations(2) |     |  
|--- | ------------------------------- | ---------------------------- | --- | -
|
|59  | 16,381                          | +   1,869                    | 0   | 0
|49  | 104,150                         | +   1,354                    | 10  | 0
|0   | 138,688                         | -   1,115                    | 10  | 0
|    | 123,947                         | -     631                    | 10  | 0
|    | 50,941                          | 0                            | 120 | 0
|    | 67,793                          | 0                            | 0   | 0
|    |                                 |                              |     |  
|108 | 501,899                         | +   1,476                    | 150 | 0

`1  Includes $      5,792 million of inflation-indexed securities valued at the original face amount and   $        232 million of compensation that adjusts for the effects of inflation on the principal of such   securities.2  Includes face value of securities held under repurchase agreements classified by the remaining maturity of   the agreements.3  Cash value of agreements arranged through third-party custodial banks classified by remaining maturity of   the agreements.Components may not add to totals due to rounding.  H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON      March 1, 2000Millions of dollars`

|ASSETS  | Total   | Boston  | New York | Philadelphia | Cleveland | Richmond | Atlanta | Chicago | St. Louis | Minneapolis | Kansas City | Dallas  | SanFrancisco
|------- | ------- | ------- | -------- | ------------ | --------- | -------- | ------- | ------- | --------- | ----------- | ----------- | ------- | ------------
|11,048  | 533     | 4,435   | 319      | 566          | 834       | 724      | 993     | 337     | 140       | 313         | 575         | 1,279  
|6,200   | 307     | 2,431   | 187      | 299          | 516       | 450      | 549     | 175     | 78        | 175         | 341         | 692    
|419     | 9       | 22      | 14       | 23           | 54        | 48       | 54      | 22      | 26        | 28          | 41          | 75     
|       
|108     | 8       | 0       | 0        | 2            | 0         | 14       | 12      | 24      | 13        | 6           | 0           | 28     
|0       | 0       | 0       | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0      
|24,265  | 0       | 24,265  | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0      
|        |         |         |          |              |           |          |         |         |           |             |             |        
|150     | 8       | 60      | 4        | 9            | 11        | 9        | 14      | 5       | 2         | 4           | 7           | 16     
|0       | 0       | 0       | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0      
|        |         |         |          |              |           |          |         |         |           |             |             |        
|198,802 | 10,281  | 79,172  | 5,954    | 11,508       | 14,956    | 12,101   | 18,672  | 6,539   | 2,378     | 5,962       | 9,906       | 21,375 
|217,843 | 11,265  | 86,755  | 6,525    | 12,610       | 16,388    | 13,260   | 20,460  | 7,166   | 2,605     | 6,533       | 10,855      | 23,422 
|85,254  | 4,409   | 33,952  | 2,554    | 4,935        | 6,414     | 5,189    | 8,007   | 2,804   | 1,020     | 2,557       | 4,248       | 9,166  
|501,899 | 25,955  | 199,879 | 15,033   | 29,052       | 37,758    | 30,550   | 47,139  | 16,509  | 6,003     | 15,051      | 25,008      | 53,963 
|0       | 0       | 0       | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0      
|501,899 | 25,955  | 199,879 | 15,033   | 29,052       | 37,758    | 30,550   | 47,139  | 16,509  | 6,003     | 15,051      | 25,008      | 53,963 
|526,422 | 25,970  | 224,204 | 15,037   | 29,063       | 37,769    | 30,573   | 47,165  | 16,539  | 6,017     | 15,062      | 25,016      | 54,007 
|        |         |         |          |              |           |          |         |         |           |             |             |         |             
|8,865   | 478     | 1,022   | 400      | 376          | 573       | 1,069    | 583     | 429     | 542       | 510         | 350         | 2,534  
|1,380   | 94      | 164     | 50       | 157          | 124       | 164      | 106     | 32      | 128       | 50          | 145         | 164    
|30,920  | 1,389   | 10,345  | 896      | 1,882        | 5,143     | 1,960    | 2,629   | 835     | 755       | 848         | 1,207       | 3,031  
|0       | + 5,593 | - 2,807 | + 4,603  | -   145      | - 8,828   | + 5,199  | +13,250 | + 2,240 | - 4,493   | +   799     | -14,777     | -   635
|585,255 | 34,373  | 239,817 | 21,507   | 32,222       | 36,185    | 40,188   | 65,330  | 20,609  | 3,194     | 17,785      | 12,897      | 61,148 

`1  Cash value of agreements arranged through third-party custodial banks.  These agreements are collateralized   by U.S. government and federal agency securities.2  Face value of the securities.3  Includes $      4,254 million of inflation-indexed securities valued at the original face amount and  $        182 million   of compensation that adjusts for the effects of inflation on the principal of such  securities.4  Includes $      1,538 million of inflation-indexed securities valued at the original face amount and  $         50 million   of compensation that adjusts for the effects of inflation on the principal of such securities.5  Net of $     16,897 million matched sale-purchase transactions outstanding at the end of the latest statement week.   Includes securities loans of $        298 million that are fully collateralized by other U.S. government securities.6  Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Components may not add to totals due to rounding.  H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON      March 1, 2000Millions of dollars`

|LIABILITIES | Total  | Boston  | New York | Philadelphia | Cleveland | Richmond | Atlanta | Chicago | St. Louis | Minneapolis | Kansas City | Dallas | SanFrancisco
|----------- | ------ | ------- | -------- | ------------ | --------- | -------- | ------- | ------- | --------- | ----------- | ----------- | ------ | ------------
|536,827     | 31,593 | 225,420 | 20,020   | 29,313       | 29,762    | 36,617   | 61,062  | 19,387  | 1,575     | 16,209      | 10,647      | 55,223
|0           | 0      | 0       | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0     
|            |        |         |          |              |           |          |         |         |           |             |             |       
|16,058      | 1,417  | 3,332   | 510      | 1,349        | 2,001     | 1,233    | 1,975   | 423     | 547       | 546         | 1,213       | 1,512 
|5,019       | 0      | 5,019   | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0     
|99          | 1      | 75      | 1        | 2            | 8         | 2        | 3       | 1       | 1         | 1           | 1           | 3     
|234         | 1      | 142     | 0        | 1            | 77        | 1        | 1       | 1       | 0         | 2           | 5           | 2     
|            |        |         |          |              |           |          |         |         |           |             |             |       
|8,688       | 509    | 1,020   | 399      | 379          | 611       | 1,039    | 636     | 293     | 489       | 493         | 354         | 2,467 
|            |        |         |          |              |           |          |         |         |           |             |             |       
|571,578     | 33,777 | 236,664 | 21,099   | 31,320       | 32,836    | 39,215   | 64,121  | 20,280  | 2,707     | 17,421      | 12,456      | 59,683
|            |        |         |          |              |           |          |         |         |           |             |             |        |             
|            |        |         |          |              |           |          |         |         |           |             |             |       
|6,701       | 292    | 1,487   | 201      | 445          | 1,677     | 481      | 593     | 161     | 252       | 179         | 213         | 719   
|6,410       | 289    | 1,325   | 199      | 444          | 1,672     | 460      | 578     | 158     | 233       | 179         | 211         | 660   
|566         | 16     | 340     | 7        | 12           | 0         | 31       | 37      | 11      | 1         | 6           | 18          | 84    
|585,255     | 34,373 | 239,817 | 21,507   | 32,222       | 36,185    | 40,188   | 65,330  | 20,609  | 3,194     | 17,785      | 12,897      | 61,148
|            |        |         |          |              |           |          |         |         |           |             |             |        |             
|            |        |         |          |              |           |          |         |         |           |             |             |       
|799,031     | 41,797 | 319,122 | 30,062   | 38,699       | 52,582    | 60,461   | 76,796  | 25,677  | 10,888    | 23,841      | 35,172      | 83,934
|262,204     | 10,204 | 93,702  | 10,041   | 9,386        | 22,819    | 23,844   | 15,734  | 6,290   | 9,313     | 7,631       | 24,525      | 28,712
|536,827     | 31,593 | 225,420 | 20,020   | 29,313       | 29,762    | 36,617   | 61,062  | 19,387  | 1,575     | 16,209      | 10,647      | 55,223
|            |        |         |          |              |           |          |         |         |           |             |             |       
|11,048      |        |         |          |              |           |          |         |         |           |             |             |       
|            |        |         |          |              |           |          |         |         |           |             |             |       
|6,200       |        |         |          |              |           |          |         |         |           |             |             |       
|0           |        |         |          |              |           |          |         |         |           |             |             |       
|519,579     |        |         |          |              |           |          |         |         |           |             |             |       
|536,827     |        |         |          |              |           |          |         |         |           |             |             |       

`1  Cash value of agreements arranged through third-party custodial banks.  These agreements are collateralized   by U.S. government and federal agency securities.2  Includes exchange translation account reflecting the monthly revaluation at market exchange rates of   foreign exchange commitments.3  U.S. government and agency securities bought outright or held under repurchase agreement are valued at face amount.   Includes cash value of repurchase agreements under triparty arrangements and excludes the par value of securities   pledged under reverse repurchase agreements. Components may not add to totals due to rounding.`

---