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 ________________________________________________________________________________________________________________
 FEDERAL RESERVE
 ________________________________________________________________________________________________________________

 These data are scheduled for release each Thursday. The exact time of each release will be announced, when
 the information is available, on (202) 452-3206.



 H.4.1

 Factors Affecting Reserve Balances of Depository Institutions and
 Condition Statement of F.R. Banks

                                                                                                October 3, 1996
 Millions of dollars
 ________________________________________________________________________________________________________________
                                                                 Averages of daily figures
      Reserve balances of depository institutions at       Week ended     Change from week ended      Wednesday
    F.R. Banks, Reserve Bank credit, and related items     Oct 2, 1996  Sep 25, 1996   Oct 4, 1995   Oct 2, 1996
 ________________________________________________________________________________________________________________
 Reserve Bank credit 1 2                                      425,884    -    1,836    +   15,488       422,808
   U.S. government securities
     Bought outright--system account                          386,255    -    1,322    +   16,671       386,957
     Held under repurchase agreements                           3,532    -    1,766    -    1,210         1,355
   Federal agency obligations
     Bought outright                                            2,309    -        2    -      586         2,309
     Held under repurchase agreements                           1,003    +      918    +      971           444
   Acceptances                                                      0             0             0             0
   Loans to depository institutions
     Adjustment credit                                            240    +      220    +      164             4
     Seasonal credit                                              302    -       21    +       47           280
     Extended credit                                                0             0             0             0
   Float                                                          604    +      366    +      256           458
   Other F.R. assets                                           31,639    -      229    -      826        31,000
 Gold stock                                                    11,050             0    -        1        11,050
 Special drawing rights certificate account                     9,718             0    -      450         9,718
 Treasury currency outstanding                                 24,693    +       14    +      924        24,693
                                                         --------------------------------------------------------
         Total factors supplying reserve funds                471,345    -    1,822    +   15,961       468,269

 Currency in circulation*                                     430,325    +      164    +   20,194       431,586
 Treasury cash holdings*                                          287    +        1    -       35           293
 Deposits, other than reserve balances, with F.R. Banks
   Treasury                                                     6,815    -      805    -       14         5,427
   Foreign                                                        190    +       20    +        4           183
   Service-related balances and adjustments 3                   6,541    +       38    +    1,775         6,541
   Other                                                          374    +       10    +       29           379
 Other F.R. liabilities and capital                            13,921    -      412    +      924        13,251
                                                         --------------------------------------------------------
         Total factors, other than reserve balances,
         absorbing reserve funds                              458,453    -      984    +   22,877       457,660

 Reserve balances with F.R. Banks 4                            12,892    -      838    -    6,916        10,609
 ----------------------------------------------------------------------------------------------------------------
 On     October 2, 1996, the face amount of marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign
 official and international accounts was $     591,049 million, a change of + $     5,944 million for the week.  The total includes the face
 value of U.S. Treasury strips and other zero coupon bonds.
 1 Net of $    12,856 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which
   a net of $    12,856 million was with foreign official and international accounts.  Includes securities loaned--fully secured by U.S.
   government securities.
 2 Net of $    12,154 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of
   $    12,154 million was with foreign official and international accounts.  Includes $       762 million securities loaned--fully
   secured U.S. government securities.
 3 Consists of required clearing balances of $     6,271 million and adjustments of $       270 million to compensate for float.
 4 Excludes required clearing balances and adjustments to compensate for float.

 * Estimated (Treasury's figures).
 Components may not add to totals due to rounding.
1


 Worksheet for H.4.1 (a)


 CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
 Millions of dollars
 ----------------------------------------------------------------------------------------------------------------
                                                                                           Change since
                                                        *            Wednesday       Wednesday       Wednesday
                                                                    Oct 2, 1996    Sep 25, 1996     Oct 4, 1995
                                                 ----------------------------------------------------------------
                     ASSETS
 Gold certificate account                                               11,050               0      -        1
 Special drawing rights certificate account                              9,718               0      -      450
 Coin                                                                      595      +       11      +      175

 Loans                                                                     284      -      101      +       47
 Acceptances                                                                 0               0               0
 Federal agency obligations
   Bought outright                                                       2,309               0      -      586
   Held under repurchase agreements 1                                      444      +      344      +      444
 U.S. government securities
   Bought outright--Bills                                              186,697      -    2,655      +    6,009
                    Notes                                              152,392               0      +    4,488
                    Bonds                                               47,869               0      +    5,196
                                                                    ----------      ----------      ----------
     Total bought outright 2                                           386,957      -    2,655      +   15,693
   Held under repurchase agreements 1                                    1,355      -    5,815      -    1,725
                                                                    ----------      ----------      ----------
       Total U.S. government securities                                388,312      -    8,470      +   13,968
                                                                    ----------      ----------      ----------
         Total loans and securities                                    391,350      -    8,228      +   13,874

 Items in process of collection                          (483)           7,459      +    1,671      +    1,222
 Bank premises                                                           1,207      -        1      +       93
 Other assets 3                                                         29,873      -    1,088      -    1,261
                                                                    ----------      ----------      ----------
           TOTAL ASSETS                                  (483)         451,251      -    7,635      +   13,651

                   LIABILITIES
 Federal Reserve notes                                                 407,781      +      782      +   19,018
 Deposits
   Depository institutions                                              17,448      -    7,561      -    6,860
   U.S. Treasury--general account                                        5,427      -    1,419      -      352
   Foreign--official accounts                                              183      +       18      +       13
   Other                                                                   379      +       10      +       26
                                                                    ----------      ----------      ----------
     Total deposits                                                     23,437      -    8,951      -    7,173
 Deferred availability cash items                        (483)           6,783      +    1,385      +    1,352
 Other liabilities and accrued dividends 4                               4,431      -      153      +        8
                                                                    ----------      ----------      ----------
           TOTAL LIABILITIES                             (483)         442,431      -    6,938      +   13,204

                CAPITAL ACCOUNTS
 Capital paid in                                                         4,535      -       14      +      619
 Surplus                                                                 3,850      -      116      +      176
 Other capital accounts                                                    435      -      567      -      348
 ----------------------------------------------------------------------------------------------------------------
 * Figures in parentheses are the eliminations made in the consolidation process.
 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official
   and international accounts of which $         0 million was outstanding at the end of the latest statement week.
 2 Net of $    12,154 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes
   $       762 million securities loaned--fully secured by U.S. government securities.
 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account
   at Chicago of $       160 million in Treasury bills maturing within 90 days.
 4 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 2, 1996
 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in
 accordance with maximum maturity of the agreements.
 Millions of dollars
 ----------------------------------------------------------------------------------------------------------------
                                                                         U.S. government       Federal agency
                                                                           securities           obligations
                                                                     --------------------------------------------
                       Loans    Acceptances                                        Weekly               Weekly
                                                                       Holdings    changes   Holdings   changes
 ----------------------------------------------------------------------------------------------------------------
 Within 15 days              62          0  Within 15 days                14,921 -    5,079        544 +      109
 16 days to 90 days         222          0  16 days to 90 days            89,725 -    3,397        566          0
 Over 90 days                 0          0  91 days to 1 year            114,126 -      498        712 +      235
                                            Over 1 year to 5 years        95,531 +      504        440          0
                                            Over 5 years to 10 years      33,653          0        467          0
                                            Over 10 years                 40,356          0         25          0
                     ---------- ----------                            ---------- ---------- ---------- ----------
   Total                    284          0    Total                      388,312 -    8,470      2,753 +      344
 ----------------------------------------------------------------------------------------------------------------
 Components may not add to totals due to rounding.
1

 H.4.1 (b)

 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 2, 1996
 Millions of dollars
 ----------------------------------------------------------------------------------------------------------------------------------------------------------
                                    |   Total   | Boston | New York|  Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran.
                                    -----------------------------------------------------------------------------------------------------------------------
           ASSETS
 Gold certificate account                 11,050      661     4,051       423     624     919     769     1,140     474       168     321     433     1,067
 Special drawing rights certif. acct.      9,718      636     3,385       396     543     835     745       979     419       144     280     399       957
 Coin                                        595       17        18        40      30     104      86        61      30        19      64      50        78

 Loans                                       284        1         0         2       0       0       7        54      55       107      44       5         9
 Acceptances                                   0        0         0         0       0       0       0         0       0         0       0       0         0
 Federal agency obligations
   Bought outright                         2,309      136       859        89     136     192     154       250     108        35      72      83       196
   Held under repurchase agreements 1        444        0       444         0       0       0       0         0       0         0       0       0         0
 U.S. government securities
   Bought outright--Bills                186,697   10,985    69,432     7,226  10,973  15,482  12,459    20,233   8,746     2,816   5,848   6,685    15,813
                    Notes                152,392    8,966    56,674     5,898   8,957  12,637  10,170    16,515   7,139     2,298   4,773   5,457    12,907
                    Bonds                 47,869    2,817    17,802     1,853   2,814   3,969   3,195     5,188   2,242       722   1,499   1,714     4,054
                                    -----------------------------------------------------------------------------------------------------------------------
     Total bought outright 2             386,957   22,768   143,908    14,976  22,744  32,088  25,824    41,936  18,127     5,836  12,121  13,856    32,774
   Held under repurchase agreements 1      1,355        0     1,355         0       0       0       0         0       0         0       0       0         0
                                    -----------------------------------------------------------------------------------------------------------------------
       Total U.S. govt. securities       388,312   22,768   145,263    14,976  22,744  32,088  25,824    41,936  18,127     5,836  12,121  13,856    32,774
                                    -----------------------------------------------------------------------------------------------------------------------
         Total loans and securities      391,350   22,904   146,565    15,068  22,879  32,280  25,985    42,240  18,291     5,978  12,237  13,944    32,978

 Items in process of collection            7,942      442     1,014       270     375     698     870       758     307       561     473     401     1,772
 Bank premises                             1,207       94       147        48      97     127      82       110      30        99      55     155       161
 Other assets 3                           29,873    1,382     9,371     1,301   1,814   2,342   2,564     3,471     905       641   1,048   1,565     3,469
 Interdistrict settlement account              0   +1,390   -25,938    -2,494  +5,862  +4,694  +1,336      +400  -2,546      -785    -720  -2,486   +21,286
                                    -----------------------------------------------------------------------------------------------------------------------
           TOTAL ASSETS                  451,735   27,525   138,614    15,052  32,224  41,999  32,436    49,159  17,910     6,825  13,758  14,462    61,768
                                    -----------------------------------------------------------------------------------------------------------------------
 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and
   international accounts, of which $         0 million was outstanding at the end of the latest statement week.
 2 Net of $    12,154 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $       762 million
   securities loaned--fully secured by U.S. government securities.
 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of
   $       160 million in Treasury bills maturing within 90 days.

 Components may not add to totals due to rounding.
1

 H.4.1 (c)

 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 2, 1996
 Millions of dollars
 ----------------------------------------------------------------------------------------------------------------------------------------------------------
                                    |   Total   | Boston | New York|  Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran.
                                    -----------------------------------------------------------------------------------------------------------------------
        LIABILITIES
 Federal Reserve notes                   407,781   24,391   125,755    13,392  30,419  39,023  28,611    44,815  16,383     5,522  12,039  12,312    55,119
 Deposits
   Depository institutions                17,448    2,109     2,762       787     714   1,238   1,823     1,952     836       449     853   1,063     2,862
   U.S. Treasury--general account          5,427        0     5,427         0       0       0       0         0       0         0       0       0         0
   Foreign--official accounts                183        6        78         7       9      11      14        17       4         4       5       9        20
   Other                                     379        0       110         0       1      91       5       162       1         1       3       1         2
                                    -----------------------------------------------------------------------------------------------------------------------
     Total deposits                       23,437    2,115     8,377       794     725   1,339   1,842     2,131     841       454     861   1,073     2,884
 Deferred credit items                     7,266      427       811       247     267     662     853       696     249       552     352     410     1,738
 Other liabilities and accrued
   dividends 1                             4,431      264     1,506       194     260     362     320       475     211        97     170     180       392
                                    -----------------------------------------------------------------------------------------------------------------------
     TOTAL LIABILITIES                   442,915   27,198   136,449    14,628  31,671  41,386  31,626    48,118  17,684     6,626  13,423  13,974    60,134

        CAPITAL ACCOUNTS
 Capital paid in                           4,535      167     1,089       222     290     312     427       540     113       103     176     253       844
 Surplus                                   3,850      160     1,028       185     252     284     379       460      95        96     148     235       527
 Other capital accounts                      435        0        47        18      12      17       4        42      18         1      12       0       263
                                    -----------------------------------------------------------------------------------------------------------------------
       ACCOUNTS                          451,735   27,525   138,614    15,052  32,224  41,999  32,436    49,159  17,910     6,825  13,758  14,462    61,768

 ----------------------------------------------------------------------------------------------------------------------------------------------------------
 FEDERAL RESERVE AGENTS' ACCOUNTS

 F.R. notes outstanding                  532,739   30,210   179,444    16,417  33,788  47,379  36,408    53,633  20,320     6,983  14,333  21,883    71,941
   Less--Held by F.R. Banks              124,958    5,819    53,689     3,025   3,369   8,357   7,796     8,818   3,937     1,461   2,294   9,572    16,822
                                    -----------------------------------------------------------------------------------------------------------------------
   F.R. notes, net                       407,781   24,391   125,755    13,392  30,419  39,023  28,611    44,815  16,383     5,522  12,039  12,312    55,119
 Collateral held against F.R. notes
   Gold certificate account               11,050
   Special drawing rights
     certificate account                   9,718
   Other eligible assets                       0
   U.S. govt. and agency securities      387,013
                                     ------------
     Total collateral                    407,781
                                    -----------------------------------------------------------------------------------------------------------------------
 1 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.