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`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                                                                                           October 21, 1999Millions of dollars`

|        | Averages of daily figures
|------- | -------------------------
|
|
|544,461 | +   3,243                
|        |                          
|490,907 | -     137                
|0       | 0                        
|        |                          
|198     | -      21                
|0       | 0                        
|18,123  | +   3,464                
|0       | 0                        
|        |                          
|15      | -      11                
|224     | -      39                
|1       | +       1                
|0       | 0                        
|552     | -     228                
|34,442  | +     216                
|11,050  | -       1                
|7,200   | 0                        
|27,396  | +      14                
|590,107 | +   3,256                
|        |                          
|551,541 | +   1,733                
|0       | 0                        
|94      | -       3                
|        |                          
|5,421   | +     186                
|187     | -      15                
|7,096   | +      16                
|291     | -      28                
|18,332  | +     137                
|582,963 | +   2,028                
|        |                          
|7,144   | +   1,228                

`On   October 20, 1999, the face amount of marketable U.S. government securities held in custody by theFederal Reserve Banks for foreign official and international accounts was    609,657 million, a change of -$  1,978 million for the week.  The total includes the face value of U.S. Treasury strips and other zerocoupon bonds.1  Face value of the securities.2  Net of $     16,513 million (daily average over statement week) and $     16,031 million (outstanding on   Wednesday statement date) matched sale-purchase transactions, of which $     16,371 million (daily average)   and $     16,031 million (outstanding on Wednesday statement date) were with foreign official and international   accounts.  Includes securities loans of $      1,202 million (daily average) and $        580 million   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.3  Includes $      5,476 million of inflation-indexed securities valued at the original face amount and   $        186 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 $      6,841 million and adjustments of $        255 million to   compensate for float.6  Excludes required clearing balances and adjustments to compensate for float. * Estimated (Treasury's figures).Components may not add to totals due to rounding. Note: on   October 20, 1999, option contracts on repurchase agreements were outstanding as follows:$     11,950 million with exercise dates from December 23, 1999 through December 29, 1999;$     18,050 million with exercise dates from December 30, 1999 through January 5, 2000; and$     12,000 million with exercise dates from January 6, 2000 through January 12, 2000.  Further details on these contractscan be found on the website of the Federal Reserve Bank of New York (http://www.newyorkfed.org/pihome/news/announce). Worksheet for H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKSMillions of Dollars`

|      |         |           | Change Since
|----- | ------- | --------- | ------------
|
|      | 11,050  | -       1 | +       6   
|      | 7,200   | 0         | -   2,000   
|      | 317     | +      13 | -      96   
|      | 228     | -      33 | +     133   
|      | 0       | 0         | 0           
|      | 23,550  | +   8,030 | +  23,550   
|      |         |           |             
|      | 198     | 0         | -     190   
|      | 0       | 0         | -   5,488   
|      |         |           |             
|      | 199,669 | +     246 | +   2,282   
|      | 211,270 | -     536 | +  27,679   
|      | 80,428  | +     374 | +  13,373   
|      | 491,367 | +      85 | +  43,335   
|      | 0       | 0         | -   4,115   
|      | 491,367 | +      85 | +  39,220   
|      | 515,343 | +   8,082 | +  57,226   
|      |         |           |             
|(482) | 7,656   | -   6,221 | +     691   
|      | 1,342   | +       1 | +      46   
|      | 33,225  | +     176 | +      47   
|(482) | 576,132 | +   2,048 | +  55,919   
|      |         |           |             
|      |         |           |             
|      | 525,927 | +   1,384 | +  53,866   
|      | 0       | 0         | 0           
|      |         |           |             
|      | 19,633  | +   4,209 | +     860   
|      | 4,925   | -      23 | +      83   
|      | 167     | -     117 | -      10   
|(7)   | 311     | +      41 | -      87   
|(7)   | 25,035  | +   4,108 | +     845   
|(475) | 7,179   | -   3,660 | +     242   
|      | 4,463   | +     201 | -     125   
|(482) | 562,604 | +   2,034 | +  54,828   
|      |         |           |             
|      |         |           |             
|      | 6,337   | +       1 | +     421   
|      | 5,952   | 0         | +     732   
|      | 1,239   | +      14 | -      61   

`*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 $      3,938 million of inflation-indexed securities valued at the original face amount and   $        148 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   $         38 million of compensation that adjusts for the effects of inflation on the principal of such   securities.5  Net of $     16,031 million matched sale-purchase transactions outstanding at the end of the latest   statement week.  Includes securities loans of $        580 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,   October 20, 1999Holdings of securities include securitites held under repurchase agreements, which are classified accordingto remaining maturity. Millions of dollars`

|    |         | U.S. government securities (1,2) | Federal agency obligations(2) |   |       
|--- | ------- | -------------------------------- | ----------------------------- | - | ------
|
|197 | 10,793  | -   4,185                        | 10                            | 0 | 6,990 
|30  | 101,936 | -     387                        | 7                             | 0 | 16,560
|1   | 142,077 | +   4,281                        | 51                            | 0 | ------
|    | 121,200 | 0                                | 10                            | 0 | ------
|    | 50,209  | +       2                        | 120                           | 0 | ------
|    | 65,152  | +     374                        | 0                             | 0 | ------
|228 | 491,367 | +      85                        | 198                           | 0 | 23,550

`1  Includes $      5,476 million of inflation-indexed securities valued at the original face amount and   $        186 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   October 20, 1999Millions of dollars`

|ASSETS  | Total   | Boston  | New York | Philadelphia | Cleveland | Richmond | Atlanta | Chicago | St. Louis | Minneapolis | Kansas City | Dallas  | SanFrancisco
|------- | ------- | ------- | -------- | ------------ | --------- | -------- | ------- | ------- | --------- | ----------- | ----------- | ------- | ------------
|11,050  | 533     | 4,437   | 319      | 566          | 834       | 724      | 993     | 337     | 140       | 313         | 575         | 1,279  
|7,200   | 357     | 2,823   | 217      | 348          | 599       | 523      | 637     | 204     | 90        | 203         | 396         | 803    
|317     | 9       | 16      | 16       | 25           | 45        | 41       | 35      | 19      | 13        | 20          | 36          | 41     
|        |         |         |          |              |           |          |         |         |           |             |             |        
|228     | 0       | 0       | 1        | 0            | 5         | 9        | 42      | 69      | 48        | 48          | 1           | 3      
|0       | 0       | 0       | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0      
|        |         |         |          |              |           |          |         |         |           |             |             |        
|        |         |         |          |              |           |          |         |         |           |             |             |        
|198     | 10      | 79      | 6        | 11           | 15        | 12       | 19      | 7       | 2         | 6           | 10          | 21     
|0       | 0       | 0       | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0      
|        |         |         |          |              |           |          |         |         |           |             |             |        
|199,669 | 10,325  | 79,517  | 5,980    | 11,558       | 15,021    | 12,154   | 18,753  | 6,568   | 2,388     | 5,988       | 9,949       | 21,468 
|211,270 | 10,925  | 84,137  | 6,328    | 12,229       | 15,894    | 12,860   | 19,843  | 6,950   | 2,527     | 6,336       | 10,527      | 22,715 
|80,428  | 4,159   | 32,030  | 2,409    | 4,656        | 6,051     | 4,896    | 7,554   | 2,646   | 962       | 2,412       | 4,008       | 8,647  
|491,367 | 25,410  | 195,685 | 14,717   | 28,443       | 36,965    | 29,909   | 46,149  | 16,163  | 5,877     | 14,735      | 24,483      | 52,830 
|0       | 0       | 0       | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0      
|491,367 | 25,410  | 195,685 | 14,717   | 28,443       | 36,965    | 29,909   | 46,149  | 16,163  | 5,877     | 14,735      | 24,483      | 52,830 
|515,343 | 25,420  | 219,313 | 14,725   | 28,454       | 36,985    | 29,930   | 46,210  | 16,239  | 5,927     | 14,790      | 24,495      | 52,854 
|        |         |         |          |              |           |          |         |         |           |             |             |        
|8,137   | 426     | 903     | 426      | 313          | 495       | 834      | 630     | 444     | 646       | 484         | 280         | 2,257  
|1,342   | 93      | 164     | 50       | 156          | 124       | 125      | 107     | 32      | 129       | 51          | 146         | 165    
|33,225  | 1,512   | 10,924  | 983      | 1,977        | 4,614     | 2,106    | 2,999   | 839     | 765       | 852         | 1,384       | 4,270  
|0       | + 4,645 | -   689 | + 5,015  | -    65      | - 8,711   | + 5,519  | +15,961 | + 2,546 | - 5,545   | + 1,233     | -21,360     | + 1,450
|576,614 | 32,995  | 237,892 | 21,752   | 31,774       | 34,986    | 39,803   | 67,572  | 20,659  | 2,166     | 17,947      | 5,951       | 63,119 

`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 $      3,938 million of inflation-indexed securities valued at the original face amount and  $        148 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  $         38 million   of compensation that adjusts for the effects of inflation on the principal of such securities.5  Net of $     16,031 million matched sale-purchase transactions outstanding at the end of the latest statement week.   Includes securities loans of $        580 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   October 20, 1999Millions of dollars`

|LIABILITIES | Total  | Boston  | New York | Philadelphia | Cleveland | Richmond | Atlanta | Chicago | St. Louis | Minneapolis | Kansas City | Dallas | SanFrancisco
|----------- | ------ | ------- | -------- | ------------ | --------- | -------- | ------- | ------- | --------- | ----------- | ----------- | ------ | ------------
|525,927     | 30,133 | 221,278 | 20,313   | 29,057       | 29,403    | 36,354   | 62,967  | 19,296  | 457       | 16,507      | 3,197       | 56,965
|0           | 0      | 0       | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0     
|            |        |         |          |              |           |          |         |         |           |             |             |       
|19,633      | 1,639  | 6,109   | 560      | 1,237        | 1,208     | 1,334    | 2,283   | 585     | 571       | 524         | 1,752       | 1,832 
|4,925       | 0      | 4,925   | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0     
|167         | 7      | 51      | 4        | 10           | 30        | 10       | 14      | 3       | 5         | 3           | 6           | 24    
|318         | 0      | 167     | 0        | 2            | 113       | 16       | 1       | 11      | 1         | 2           | 3           | 2     
|            |        |         |          |              |           |          |         |         |           |             |             |       
|7,653       | 367    | 924     | 295      | 297          | 565       | 874      | 632     | 262     | 614       | 382         | 300         | 2,142 
|4,463       | 245    | 1,563   | 163      | 266          | 375 ;     | 310      | 427     | 169     | 93        | 164         | 230         | 459   
|563,086     | 32,391 | 235,016 | 21,335   | 30,868       | 31,695    | 38,898   | 66,324  | 20,326  | 1,741     | 17,581      | 5,487       | 61,423
|           
|            |        |         |          |              |           |          |         |         |           |             |             |       
|6,337       | 289    | 1,319   | 201      | 441          | 1,632     | 436      | 597     | 157     | 210       | 174         | 213         | 670   
|5,952       | 267    | 1,208   | 177      | 399          | 1,238     | 418      | 583     | 121     | 202       | 140         | 227         | 972   
|1,239       | 48     | 349     | 39       | 67           | 422       | 50       | 68      | 54      | 13        | 51          | 25          | 54    
|576,614     | 32,995 | 237,892 | 21,752   | 31,774       | 34,986    | 39,803   | 67,572  | 20,659  | 2,166     | 17,947      | 5,951       | 63,119
|            |        |         |          |              |           |          |         |         |           |             |             |        |             
|            |        |         |          |              |           |          |         |         |           |             |             |       
|828,391     | 41,614 | 330,773 | 31,253   | 39,451       | 55,521    | 61,517   | 80,949  | 26,670  | 11,551    | 25,066      | 37,319      | 86,708
|302,464     | 11,481 | 109,495 | 10,940   | 10,394       | 26,117    | 25,163   | 17,982  | 7,374   | 11,094    | 8,560       | 34,122      | 29,743
|525,927     | 30,133 | 221,278 | 20,313   | 29,057       | 29,403    | 36,354   | 62,967  | 19,296  | 457       | 16,507      | 3,197       | 56,965
|            |        |         |          |              |           |          |         |         |           |             |             |       
|11,050      |        |         |          |              |           |          |         |         |           |             |             |       
|7,200       |        |         |          |              |           |          |         |         |           |             |             |       
|0           |        |         |          |              |           |          |         |         |           |             |             |       
|507,677     |        |         |          |              |           |          |         |         |           |             |             |       
|525,927     |        |         |          |              |           |          |         |         |           |             |             |       

`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.`

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