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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                                                                                           January 13, 2000Millions of dollars`

|        | Averages of daily figures
|------- | -------------------------
|
|
|589,585 | -  47,320                
|        |                          
|484,695 | +   3,833                
|0       | 0                        
|        |                          
|181     | 0                        
|0       | 0                        
|67,421  | -  52,715                
|0       | 0                        
|        |                          
|856     | +     651                
|31      | -      13                
|127     | +      75                
|0       | 0                        
|1,035   | +     580                
|35,241  | +     271                
|11,048  | 0                        
|6,200   | 0                        
|27,776  | +      14                
|634,609 | -  47,307                
|        |                          
|598,902 | -  26,744                
|0       | 0                        
|121     | +      10                
|        |                          
|5,326   | -  15,617                
|74      | -       2                
|7,965   | +      99                
|191     | -     765                
|18,188  | +     645                
|630,768 | -  42,373                
|        |                          
|3,841   | -   4,934                

`On   January 12, 2000, the face amount of marketable U.S. government securities held in custody by theFederal Reserve Banks for foreign official and international accounts was    627,852 million, a change of -$  5,650 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 $     32,451 million (daily average over statement week) and $     31,427 million (outstanding on   Wednesday statement date) matched sale-purchase transactions, of which $     24,194 million (daily average)   and $     21,127 million (outstanding on Wednesday statement date) were with foreign official and international   accounts.  Includes securities loans of $        488 million (daily average) and $        289 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   $        230 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 $      7,483 million and adjustments of $        483 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: Of the $    144,000 million of options contracts on repurchase agreements written with exercise dates from January 6, 2000 throughJanuary 12, 2000, $          0 million (daily average) and $          0 million (on January 12) were exercised and are reflected in therepurchase agreement data shown on this release.  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
|----- | ------- | --------- | ------------
|
|      | 11,048  | 0         | +       2   
|      | 6,200   | 0         | -   3,000   
|      | 238     | +      38 | -     148   
|      | 1,001   | +     821 | +     849   
|      | 0       | 0         | 0           
|      | 62,895  | -  28,750 | +  62,895   
|      |         |           |             
|      | 181     | 0         | -     157   
|      | 0       | 0         | -   4,472   
|      |         |           |             
|      | 184,272 | -   1,230 | -  14,770   
|      | 218,468 | 0         | +  30,573   
|      | 82,979  | +       1 | +  13,505   
|      | 485,719 | -   1,229 | +  29,308   
|      | 0       | 0         | -   3,700   
|      | 485,719 | -   1,229 | +  25,608   
|      | 549,795 | -  29,160 | +  84,722   
|      |         |           |             
|(720) | 7,927   | -     432 | -   2,187   
|      | 1,366   | 0         | +      66   
|      | 34,096  | +     368 | -     684   
|(720) | 610,672 | -  29,185 | +  78,775   
|      |         |           |             
|      |         |           |             
|      | 562,141 | -  26,798 | +  77,685   
|      | 0       | 0         | 0           
|      |         |           |             
|      | 17,259  | +   7,120 | -     471   
|      | 5,454   | -   9,680 | +     448   
|      | 110     | +      28 | -     104   
|(0)   | 229     | +      26 | +      29   
|(0)   | 23,050  | -   2,508 | -     100   
|(720) | 7,461   | -     311 | -     217   
|      | 4,515   | +     254 | +     321   
|(720) | 597,168 | -  29,362 | +  77,690   
|      |         |           |             
|      |         |           |             
|      | 6,442   | 0         | +     482   
|      | 6,432   | 0         | +     480   
|      | 630     | +     177 | +     123   

`*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   $        180 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 $     31,427 million matched sale-purchase transactions outstanding at the end of the latest   statement week.  Includes securities loans of $        289 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,   January 12, 2000Holdings 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) |    |       
|----- | ------- | -------------------------------- | ----------------------------- | -- | ------
|
|960   | 14,511  | -   5,176                        | 6                             | 6  | 51,795
|41    | 88,470  | -     893                        | 35                            | 4  | 11,100
|0     | 141,191 | +   4,840                        | 10                            | 10 | ------
|      | 124,169 | 0                                | 10                            | 0  | ------
|      | 51,108  | +       1                        | 120                           | 0  | ------
|      | 66,271  | +       1                        | 0                             | 0  | ------
|1,001 | 485,719 | -   1,229                        | 181                           | 0  | 62,895

`1  Includes $      5,476 million of inflation-indexed securities valued at the original face amount and   $        230 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   January 12, 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    
|238     | 7       | 8       | 10       | 14           | 45        | 23       | 32      | 13      | 13        | 18          | 20          | 36     
|        |         |         |          |              |           |          |         |         |           |             |             |        
|1,001   | 37      | 850     | 1        | 0            | 11        | 7        | 12      | 16      | 6         | 23          | 0           | 37     
|0       | 0       | 0       | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0      
|        |         |         |          |              |           |          |         |         |           |             |             |        
|        |         |         |          |              |           |          |         |         |           |             |             |        
|181     | 9       | 72      | 5        | 10           | 14        | 11       | 17      | 6       | 2         | 5           | 9           | 19     
|0       | 0       | 0       | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0      
|        |         |         |          |              |           |          |         |         |           |             |             |        
|184,272 | 9,529   | 73,385  | 5,519    | 10,667       | 13,863    | 11,216   | 17,307  | 6,061   | 2,204     | 5,526       | 9,182       | 19,812 
|218,468 | 11,298  | 87,004  | 6,544    | 12,646       | 16,435    | 13,298   | 20,519  | 7,186   | 2,613     | 6,551       | 10,886      | 23,489 
|82,979  | 4,291   | 33,046  | 2,485    | 4,803        | 6,242     | 5,051    | 7,793   | 2,730   | 992       | 2,488       | 4,135       | 8,922  
|485,719 | 25,118  | 193,435 | 14,548   | 28,116       | 36,541    | 29,565   | 45,619  | 15,977  | 5,809     | 14,566      | 24,202      | 52,223 
|0       | 0       | 0       | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0      
|485,719 | 25,118  | 193,435 | 14,548   | 28,116       | 36,541    | 29,565   | 45,619  | 15,977  | 5,809     | 14,566      | 24,202      | 52,223 
|549,795 | 25,165  | 257,252 | 14,554   | 28,126       | 36,566    | 29,583   | 45,648  | 16,000  | 5,817     | 14,594      | 24,211      | 52,279 
|        |         |         |          |              |           |          |         |         |           |             |             |        
|8,647   | 436     | 1,017   | 339      | 240          | 690       | 1,064    | 869     | 283     | 484       | 512         | 274         | 2,438  
|1,366   | 93      | 165     | 50       | 158          | 125       | 147      | 107     | 32      | 128       | 51          | 146         | 165    
|34,096  | 1,534   | 11,537  | 1,023    | 2,024        | 4,654     | 2,128    | 3,024   | 849     | 769       | 858         | 1,394       | 4,302  
|0       | + 7,402 | -30,224 | + 6,599  | +   892      | - 2,916   | + 7,674  | +17,125 | + 3,906 | - 3,808   | + 1,817     | -13,314     | + 4,846
|611,391 | 35,476  | 246,622 | 23,081   | 32,319       | 40,513    | 41,794   | 68,349  | 21,595  | 3,622     | 18,338      | 13,647      | 66,036 

`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  $        180 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 $     31,427 million matched sale-purchase transactions outstanding at the end of the latest statement week.   Includes securities loans of $        289 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   January 12, 2000Millions of dollars`

|LIABILITIES | Total  | Boston  | New York | Philadelphia | Cleveland | Richmond | Atlanta | Chicago | St. Louis | Minneapolis | Kansas City | Dallas | SanFrancisco
|----------- | ------ | ------- | -------- | ------------ | --------- | -------- | ------- | ------- | --------- | ----------- | ----------- | ------ | ------------
|562,141     | 32,449 | 232,144 | 21,462   | 29,479       | 33,614    | 38,638   | 63,833  | 19,936  | 2,040     | 16,837      | 11,980      | 59,728
|0           | 0      | 0       | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0     
|            |        |         |          |              |           |          |         |         |           |             |             |       
|17,259      | 1,721  | 3,202   | 700      | 1,331        | 2,305     | 904      | 2,310   | 873     | 550       | 526         | 676         | 2,161 
|5,454       | 0      | 5,454   | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0     
|110         | 1      | 86      | 1        | 2            | 6         | 2        | 3       | 1       | 1         | 1           | 1           | 5     
|229         | 0      | 136     | 0        | 4            | 80        | 1        | 1       | 0       | 0         | 2           | 3           | 2     
|            |        |         |          |              |           |          |         |         |           |             |             |       
|8,181       | 454    | 1,055   | 341      | 315          | 724       | 940      | 565     | 274     | 463       | 436         | 307         | 2,306 
|4,515       | 244    | 1,598   | 164      | 267          | 377 ;     | 315      | 431     | 173     | 91        | 165         | 232         | 459   
|597,888     | 34,870 | 243,674 | 22,668   | 31,398       | 37,106    | 40,800   | 67,143  | 21,257  | 3,145     | 17,967      | 13,199      | 64,660
|           
|            |        |         |          |              |           |          |         |         |           |             |             |       
|6,442       | 290    | 1,325   | 199      | 445          | 1,676     | 482      | 578     | 160     | 236       | 179         | 211         | 660   
|6,432       | 290    | 1,325   | 199      | 444          | 1,691     | 460      | 578     | 158     | 235       | 179         | 211         | 660   
|630         | 27     | 297     | 15       | 32           | 39        | 51       | 49      | 19      | 6         | 13          | 26          | 55    
|611,391     | 35,476 | 246,622 | 23,081   | 32,319       | 40,513    | 41,794   | 68,349  | 21,595  | 3,622     | 18,338      | 13,647      | 66,036
|            |        |         |          |              |           |          |         |         |           |             |             |        |             
|            |        |         |          |              |           |          |         |         |           |             |             |       
|818,717     | 42,645 | 325,976 | 30,781   | 38,750       | 54,524    | 61,621   | 78,981  | 26,306  | 11,304    | 24,431      | 36,356      | 87,043
|256,576     | 10,195 | 93,832  | 9,319    | 9,272        | 20,910    | 22,982   | 15,148  | 6,370   | 9,264     | 7,593       | 24,376      | 27,315
|562,141     | 32,449 | 232,144 | 21,462   | 29,479       | 33,614    | 38,638   | 63,833  | 19,936  | 2,040     | 16,837      | 11,980      | 59,728
|            |        |         |          |              |           |          |         |         |           |             |             |       
|11,048      |        |         |          |              |           |          |         |         |           |             |             |       
|6,200       |        |         |          |              |           |          |         |         |           |             |             |       
|0           |        |         |          |              |           |          |         |         |           |             |             |       
|544,893     |        |         |          |              |           |          |         |         |           |             |             |       
|562,141     |        |         |          |              |           |          |         |         |           |             |             |       

`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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