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
                                                                                              July 13, 2000
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     Jul 12, 2000  Jul 5, 2000 Jul 14, 1999 Jul 12, 2000

Reserve Bank Credit                                         560,520    -   4,418    +  33,324      563,148
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    505,802    +     757    +  18,946      506,743
    Held under repurchase agreements                              0            0    -   1,355            0
  Federal agency obligations (1)                                                   
    Bought outright                                             140            0    -     117          140
    Held under repurchase agreements                              0            0    -   5,093            0
  Repurchase agreements -- triparty (4)                      18,979    -   6,069    +  18,979       20,020
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                           175    +     116    -      50          263
    Seasonal credit                                             484    +      24    +     279          497
    Extended credit                                               0            0            0            0
   Float                                                        372    +     330    +      87          575
   Other F.R. assets                                         34,568    +     424    +   1,648       34,909
Gold stock                                                   11,046            0    +       1       11,046
Special drawing rights certificate account                    4,200            0    -   4,000        4,200
Treasury currency outstanding                                29,302    +      14    +   2,240       29,302
        Total factors supplying reserve funds               605,069    -   4,403    +  31,565      607,696
                                                                   
Currency in circulation*                                    572,576    +   1,174    +  37,828      572,184
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                          64    -      10    -      23           64
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,981    -   1,178    -     283        5,020
  Foreign                                                        95    -      88    -     140           93
  Service-related balances and adjustments (5)                6,886    -     177    -     144        6,886
  Other                                                         236    +       8    -      40          265
Other F.R. liabilities and capital                           15,811    +     102    -   1,773       15,293
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             600,650    -     168    +  35,427      599,806

Reserve balances with F.R. Banks  (6)                         4,419    -   4,235    -   3,862        7,890
                                                                
On      July 12, 2000, the face amount of marketable U.S. government and federal agency securities held in custody by the Federal Reserve
Banks for foreign official and international accounts was $    699,530 million, a change of $  -   4,167 million for the week. The total includes
$    613,667 million of U.S. government securities and $     85,863 million of federal agency securities. The total includes the face value of
U.S. Treasury strips and other zero coupon bonds.
1  Face value of the securities.
2  Net of $     17,100 million (daily average over statement week) and $     16,686 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     17,100 million (daily average)
   and $     16,686 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,798 million (daily average) and $        882 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 
   $        337 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 $      6,348 million and adjustments of $        538 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 BANKS
Millions of Dollars
                                                                                    Change Since
                                                  *          Wednesday        Wednesday        Wednesday
                                                           Jul 12, 2000      Jul 5, 2000     Jul 14, 1999
                ASSETS
Gold certificate account                                        11,046                0        +       1
Special drawing rights certificate account                       4,200                0        -   4,000
Coin                                                               660        -       7        +     370
Loans                                                              761        +     226        +     544
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           20,020        -   3,225        +  20,020
Federal agency obligations (2)          
  Bought outright                                                  140                0        -     114
  Held under repurchase agreements                                   0                0        -   6,986
U.S. government securities (2)           
  Bought outright--Bills                                       193,846        +     824        -   5,874
                   Notes (3)                                   226,382        +     243        +  16,575
                   Bonds (4)                                    86,515        +     495        +   8,631
    Total bought outright (5)                                  506,743        +   1,563        +  19,332
  Held under repurchase agreements (1)                               0                0        -   3,172
     Total U.S. government securities                          506,743        +   1,563        +  16,160
       Total loans and securities                              527,664        -   1,436        +  29,624
                          
Items in process of collection                      (903)        8,000        +   1,731        +      93
Bank premises                                                    1,411        +       1        +      89
Other assets (6)                                                33,457        +     562        +   1,569
                TOTAL ASSETS                        (903)      586,438        +     851        +  27,747
                          
                LIABILITIES
Federal Reserve notes                                          543,605        -   1,834        +  35,687
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       14,866        +   1,795        -   5,157
  U.S. Treasury--general account                                 5,020        -     338        -     471
  Foreign--official accounts                                        93        -      23        -     172
    Other                                             (0)          265        +      24        -      11
      Total deposits                                  (0)       20,244        +   1,458        -   5,811
Deferred availability cash items                    (903)        7,295        +   1,291        -       2
Other liabilities and accrued dividends (7)                      4,758        +     154        +     435
                TOTAL LIABILITIES                   (903)      575,903        +   1,071        +  30,311
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  6,870        +       4        +     583
Surplus                                                          2,679                0        -   3,273
Other capital accounts                                             986        -     224        +     126

*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 
   $        259 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 
   $         78 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     16,686 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $        882 million that are fully collateralized by other
   U.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,      July 12, 2000
Holdings of securities include securitites held under repurchase agreements, which are classified according 
to remaining maturity.

Millions of dollars
                                    U.S. government         Federal agency                      Reverse
                     Loans          securities (1,2)        obligations(2)        Repurchase   Repurchase
                                              Weekly                  Weekly      Agreements   Agreements
                                  Holdings    changes      Holdings    changes    Triparty(3)  Triparty(3)
Within 15 days             399       13,805   +     789            0           0       14,010           0
16 to 90 days              362      109,879   +      66           10           0        6,010           0
91 days to 1 year            0      135,562   -      30            0           0     ------      ------
Over 1 to 5 years                   125,406   +     738           10           0     ------      ------
Over 5 to 10 years                   53,439   +       1          120           0     ------      ------
Over 10 years                        68,653   +       1            0           0     ------      ------
                   		 	
Total                      761      506,743   +   1,563          140           0       20,020           0

1  Includes $      5,792 million of inflation-indexed securities valued at the original face amount and 
   $        337 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      July 12, 2000
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
         ASSETS                        
Gold certificate account                      11,046        535      4,428        414        520        750        802      1,064        359        158        340        514      1,162
Special drawing rights certif. acct.           4,200        219      1,668        158        199        280        317        405        135         58        126        187        448
Coin                                             660         21         60         42         44         83         86         83         37         27         56         56         64
                       
Loans                                            761          0          0          0          0          0         14        352         91        146         64         56         38
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          20,020          0     20,020          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)      
  Bought outright                                140          8         54          6          8          8          9         17          5          1          5          4         15
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
U.S. government securities(2)         
  Bought outright--Bills                     193,846     11,128     74,825      8,074     10,848     11,379     12,903     23,187      7,364        816      6,460      5,735     21,127
                   Notes (3)                 226,382     12,996     87,384      9,429     12,669     13,289     15,069     27,079      8,600        953      7,544      6,698     24,673
                   Bonds (4)                  86,515      4,967     33,395      3,603      4,841      5,079      5,759     10,349      3,286        364      2,883      2,560      9,429
     Total bought outright(5)                506,743     29,091    195,604     21,106     28,358     29,747     33,730     60,614     19,250      2,133     16,887     14,993     55,230
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             506,743     29,091    195,604     21,106     28,358     29,747     33,730     60,614     19,250      2,133     16,887     14,993     55,230
       Total loans and securities            527,664     29,100    215,678     21,112     28,366     29,755     33,753     60,983     19,346      2,280     16,955     15,053     55,283
                       
Items in process of collection                 8,903        577      1,023        384        375        704      1,037        593        315        710        513        373      2,301
Bank premises                                  1,411         94        163         50        157        124        201        105         33        127         50        144        165
Other assets(5)                               33,457      1,590     11,164      1,203      1,971      5,141      2,194      3,237        987        678        964      1,022      3,306
Interdistrict settlement account                   0    + 1,690    + 7,899    -   400    + 2,363    -   431    +   849    - 3,634    -   578    -   836    - 1,211    - 3,438    - 2,272
          TOTAL ASSETS                       587,341     33,826    242,083     22,963     33,993     36,406     39,238     62,836     20,633      3,202     17,793     13,911     60,456

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  $        259 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  $         78 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     16,686 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $        882 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      July 12, 2000
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
       LIABILITIES                         
Federal Reserve notes                         543,605     31,640    229,571     21,736     31,162     32,108     36,195     58,398     19,164      1,405     16,459     11,109     54,659
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      14,866        876      2,155        390      1,550        899      1,143      2,309        743        737        505      1,705      1,852
  U.S. Treasury--general account                5,020          0      5,020          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       93          1         69          1          2          8          2          3          1          1          1          1          3
  Other                                           265          0        136          0          4        113          0          8          0          0          2          0          0
    Total deposits                             20,244        878      7,380        391      1,556      1,020      1,146      2,319        744        739        508      1,707      1,856
Deferred credit items                           8,198        601      1,097        302        331        563        821        662        291        522        380        329      2,300
Other liabilities and accrued                 
  dividends (2)                                 4,758        266      1,547        202        259        303        337        514        190         68        174        428        470
    TOTAL LIABILITIES                         576,806     33,385    239,595     22,631     33,308     33,994     38,499     61,893     20,389      2,733     17,521     13,573     59,285
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 6,870        288      1,499        212        455      1,677        489        606        160        335        179        222        748
Surplus                                         2,679        120        552         83        185        705        192        241         66         98         75         88        275
Other capital accounts                            986         33        437         36         46         30         58         96         18         37         19         28        148
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              587,341     33,826    242,083     22,963     33,993     36,406     39,238     62,836     20,633      3,202     17,793     13,911     60,456
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        771,875     38,704    310,607     31,330     37,890     50,148     59,762     71,704     24,254     10,211     22,465     33,769     81,031
  Less--Held by F.R. Banks                    228,269      7,064     81,036      9,594      6,729     18,040     23,567     13,306      5,089      8,806      6,006     22,660     26,372
  F.R. notes, net                             543,605     31,640    229,571     21,736     31,162     32,108     36,195     58,398     19,164      1,405     16,459     11,109     54,659
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        4,200
   Other eligible assets                        1,456
   U.S. govt. and agency securities(3)        526,903
     Total collateral                         543,605

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.