---

`These 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 14, 1999Millions of dollars`

|        | Averages of daily figures
|------- | -------------------------
|
|
|541,214 | +   1,487                
|        |                          
|491,044 | +     671                
|0       | -   2,981                
|        |                          
|219     | -      10                
|0       | -  10,548                
|14,659  | +  14,086                
|0       | 0                        
|        |                          
|        |                          
|26      | -      56                
|263     | -      20                
|0       | -       1                
|0       | 0                        
|776     | +     243                
|34,226  | +     102                
|11,051  | +       1                
|7,200   | 0                        
|27,291  | +      14                
|586,755 | +   1,502                
|        |                          
|549,717 | +   4,773                
|0       | 0                        
|97      | +       4                
|        |                          
|5,235   | -     222                
|202     | +      35                
|7,079   | -     314                
|319     | +      48                
|18,195  | -     606                
|580,843 | +   3,718                
|        |                          
|5,912   | -   2,216                

`On   October 13, 1999, the face amount of marketable U.S. government securities held in custody by theFederal Reserve Banks for foreign official and international accounts was    611,635 million, a change of -$  2,069 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 $     16,514 million (daily average over statement week) and $     16,277 million (outstanding on   Wednesday statement date) matched sale-purchase transactions, of which $     16,514 million (daily average)   and $     16,277 million (outstanding on Wednesday statement date) were with foreign official and international   accounts.  Includes securities loans of $      1,531 million (daily average) and $      1,747 million   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.3  Includes $      5,108 million of inflation-indexed securities valued at the original face amount and   $        177 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 $      6,840 million and adjustments of $        239 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.  Worksheet for H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKSMillions of Dollars`

|      |         |           | Change Since
|----- | ------- | --------- | ------------
|
|      | 11,051  | +       1 | +       7   
|      | 7,200   | 0         | -   2,000   
|      | 304     | +       6 | -     107   
|      | 261     | -     158 | +      51   
|      | 0       | 0         | 0           
|      | 15,520  | +  11,509 | +  15,520   
|      |         |           |             
|      | 198     | -      30 | -     190   
|      | 0       | -   7,110 | -   4,570   
|      |         |           |             
|      | 199,423 | +      13 | +   2,978   
|      | 211,806 | +       3 | +  27,618   
|      | 80,054  | +       1 | +  13,000   
|      | 491,282 | +      16 | +  43,595   
|      | 0       | -   2,160 | -   2,045   
|      | 491,282 | -   2,144 | +  41,550   
|      | 507,261 | +   2,067 | +  52,362   
|      |         |           |             
|(510) | 13,877  | +   4,827 | +   2,277   
|      | 1,341   | +       1 | +      45   
|      | 33,049  | +     220 | +      50   
|(510) | 574,084 | +   7,123 | +  52,635   
|      |         |           |             
|      |         |           |             
|      | 524,543 | +   3,846 | +  51,588   
|      | 0       | 0         | 0           
|      |         |           |             
|      | 15,424  | +   1,357 | -     956   
|      | 4,948   | -     311 | +      53   
|      | 284     | +     106 | +      95   
|(0)   | 270     | -       4 | -     127   
|(0)   | 20,927  | +   1,150 | -     934   
|(510) | 10,839  | +   2,733 | +   1,084   
|      | 4,262   | -     421 | -     189   
|(510) | 560,570 | +   7,307 | +  51,548   
|      |         |           |             
|      |         |           |             
|      | 6,336   | +       3 | +     421   
|      | 5,952   | 0         | +     732   
|      | 1,225   | -     187 | -      67   

`*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   $        146 million of compensation that adjusts for the effects of inflation on the principal of such   securities.4  Includes $      1,170 million of inflation-indexed securities valued at the original face amount and   $         31 million of compensation that adjusts for the effects of inflation on the principal of such   securities.5  Net of $     16,277 million matched sale-purchase transactions outstanding at the end of the latest   statement week.  Includes securities loans of $      1,747 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 13, 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) |       |       
|--- | ------- | -------------------------------- | ----------------------------- | ----- | ------
|
|72  | 14,978  | +      78                        | 10                            | 7,130 | 4,505 
|189 | 102,323 | +   3,295                        | 7                             | 10    | 11,015
|0   | 137,796 | -   5,520                        | 51                            | 0     | ------
|    | 121,200 | +       1                        | 10                            | 0     | ------
|    | 50,207  | +       2                        | 120                           | 0     | ------
|    | 64,778  | +       1                        | 0                             | 0     | ------
|261 | 491,282 | -   2,144                        | 198                           | 7,140 | 15,520

`1  Includes $      5,108 million of inflation-indexed securities valued at the original face amount and   $        177 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 13, 1999Millions of dollars`

|ASSETS  | Total   | Boston  | New York | Philadelphia | Cleveland | Richmond | Atlanta | Chicago | St. Louis | Minneapolis | Kansas City | Dallas  | SanFrancisco
|------- | ------- | ------- | -------- | ------------ | --------- | -------- | ------- | ------- | --------- | ----------- | ----------- | ------- | ------------
|11,051  | 533     | 4,438   | 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    
|304     | 8       | 15      | 15       | 22           | 45        | 37       | 37      | 18      | 12        | 21          | 35          | 38     
|        |         |         |          |              |           |          |         |         |           |             |             |        
|261     | 0       | 0       | 1        | 0            | 1         | 10       | 61      | 73      | 59        | 48          | 0           | 8      
|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      
|        |         |         |          |              |           |          |         |         |           |             |             |        
|199,423 | 10,313  | 79,419  | 5,973    | 11,544       | 15,003    | 12,139   | 18,730  | 6,560   | 2,385     | 5,980       | 9,937       | 21,441 
|211,806 | 10,953  | 84,351  | 6,344    | 12,260       | 15,934    | 12,892   | 19,893  | 6,967   | 2,533     | 6,352       | 10,554      | 22,773 
|80,054  | 4,140   | 31,881  | 2,398    | 4,634        | 6,022     | 4,873    | 7,519   | 2,633   | 957       | 2,401       | 3,989       | 8,607  
|491,282 | 25,406  | 195,651 | 14,715   | 28,438       | 36,959    | 29,904   | 46,141  | 16,160  | 5,876     | 14,733      | 24,479      | 52,821 
|0       | 0       | 0       | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0      
|491,282 | 25,406  | 195,651 | 14,715   | 28,438       | 36,959    | 29,904   | 46,141  | 16,160  | 5,876     | 14,733      | 24,479      | 52,821 
|507,261 | 25,416  | 211,250 | 14,722   | 28,449       | 36,975    | 29,926   | 46,221  | 16,240  | 5,937     | 14,787      | 24,490      | 52,851 
|        |         |         |          |              |           |          |         |         |           |             |             |        
|14,387  | 673     | 1,915   | 689      | 611          | 1,298     | 1,492    | 1,372   | 514     | 935       | 752         | 561         | 3,576  
|1,341   | 93      | 164     | 50       | 156          | 124       | 124      | 108     | 32      | 129       | 51          | 146         | 165    
|33,049  | 1,505   | 10,820  | 978      | 1,971        | 4,605     | 2,105    | 2,986   | 832     | 765       | 848         | 1,380       | 4,255  
|0       | + 3,060 | + 4,404 | + 4,763  | -   539      | - 8,954   | + 5,099  | +15,400 | + 2,724 | - 5,893   | + 1,037     | -22,431     | + 1,331
|574,593 | 31,645  | 235,827 | 21,753   | 31,585       | 35,527    | 40,030   | 67,753  | 20,900  | 2,114     | 18,012      | 5,151       | 64,297 

`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  $        146 million   of compensation that adjusts for the effects of inflation on the principal of such  securities.4  Includes $      1,170 million of inflation-indexed securities valued at the original face amount and  $         31 million   of compensation that adjusts for the effects of inflation on the principal of such securities.5  Net of $     16,277 million matched sale-purchase transactions outstanding at the end of the latest statement week.   Includes securities loans of $      1,747 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 13, 1999Millions of dollars`

|LIABILITIES | Total  | Boston  | New York | Philadelphia | Cleveland | Richmond | Atlanta | Chicago | St. Louis | Minneapolis | Kansas City | Dallas | SanFrancisco
|----------- | ------ | ------- | -------- | ------------ | --------- | -------- | ------- | ------- | --------- | ----------- | ----------- | ------ | ------------
|524,543     | 29,224 | 221,366 | 20,360   | 28,970       | 29,350    | 36,526   | 62,869  | 19,296  | 442       | 16,455      | 3,255       | 56,429
|0           | 0      | 0       | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0     
|            |        |         |          |              |           |          |         |         |           |             |             |       
|15,424      | 1,085  | 3,386   | 413      | 991          | 1,322     | 1,245    | 2,294   | 665     | 408       | 503         | 650         | 2,461 
|4,948       | 0      | 4,948   | 0        | 0            | 0         | 0        | 0       | 0       | 0         | 0           | 0           | 0     
|284         | 7      | 168     | 4        | 10           | 30        | 10       | 14      | 3       | 5         | 3           | 6           | 24    
|270         | 0      | 137     | 0        | 2            | 116       | 4        | 1       | 4       | 0         | 2           | 3           | 2     
|            |        |         |          |              |           |          |         |         |           |             |             |       
|11,348      | 491    | 1,484   | 409      | 458          | 1,051     | 1,043    | 907     | 437     | 746       | 526         | 553         | 3,243 
|4,262       | 235    | 1,475   | 157      | 256          | 358 ;     | 300      | 411     | 163     | 88        | 160         | 221         | 439   
|561,080     | 31,041 | 232,965 | 21,343   | 30,687       | 32,227    | 39,129   | 66,495  | 20,569  | 1,690     | 17,649      | 4,687       | 62,598
|           
|            |        |         |          |              |           |          |         |         |           |             |             |       
|6,336       | 289    | 1,319   | 200      | 434          | 1,631     | 436      | 603     | 157     | 210       | 174         | 213         | 670   
|5,952       | 267    | 1,208   | 177      | 399          | 1,238     | 418      | 583     | 121     | 202       | 140         | 227         | 972   
|1,225       | 47     | 335     | 33       | 65           | 431       | 47       | 72      | 53      | 12        | 48          | 24          | 58    
|574,593     | 31,645 | 235,827 | 21,753   | 31,585       | 35,527    | 40,030   | 67,753  | 20,900  | 2,114     | 18,012      | 5,151       | 64,297
|            |        |         |          |              |           |          |         |         |           |             |             |        |             
|            |        |         |          |              |           |          |         |         |           |             |             |       
|827,718     | 40,717 | 330,900 | 31,346   | 39,491       | 55,737    | 61,427   | 81,050  | 26,688  | 11,571    | 25,112      | 37,433      | 86,245
|303,175     | 11,492 | 109,534 | 10,987   | 10,521       | 26,388    | 24,900   | 18,181  | 7,392   | 11,129    | 8,657       | 34,178      | 29,816
|524,543     | 29,224 | 221,366 | 20,360   | 28,970       | 29,350    | 36,526   | 62,869  | 19,296  | 442       | 16,455      | 3,255       | 56,429
|            |        |         |          |              |           |          |         |         |           |             |             |       
|11,051      |        |         |          |              |           |          |         |         |           |             |             |       
|7,200       |        |         |          |              |           |          |         |         |           |             |             |       
|0           |        |         |          |              |           |          |         |         |           |             |             |       
|506,292     |        |         |          |              |           |          |         |         |           |             |             |       
|524,543     |        |         |          |              |           |          |         |         |           |             |             |       

`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.`

---