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
                                                                                             March 30, 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     Mar 29, 2000 Mar 22, 2000 Mar 31, 1999 Mar 29, 2000

Reserve Bank Credit                                         553,961    -   2,476    +  44,461      555,519
  U.S. government securities (1)
    Bought outright-system account (2,3)                    501,704    +   1,271    +  36,447      502,762
    Held under repurchase agreements                              0            0    -   7,863            0
  Federal agency obligations (1)
    Bought outright                                             150            0    -     161          150
    Held under repurchase agreements                              0            0    -   3,387            0
  Repurchase agreements -- triparty (4)                      17,906    -   3,927    +  17,906       18,420
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            63    -     173    +      19           35
    Seasonal credit                                              82    +      11    +      61           89
    Special Liquidity Facility                                    0            0            0            0
    Extended credit                                               0            0            0            0
   Float                                                        304    -      19    +     345            1
   Other F.R. assets                                         33,752    +     361    +   1,095       34,062
Gold stock                                                   11,048            0            0       11,048
Special drawing rights certificate account                    6,200            0    -   2,000        6,200
Treasury currency outstanding                                28,394    +      14    +   1,756       28,394
        Total factors supplying reserve funds               599,603    -   2,462    +  44,218      601,161

Currency in circulation*                                    562,427    -     490    +  46,665      563,665
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         170    +       2    +      35          174
Deposits,other than reserve balances,with F.R.Banks
  Treasury                                                    5,067    -     608    -      93        5,288
  Foreign                                                       117    +      15    -      51           80
  Service-related balances and adjustments (5)                6,907    +     186    +      92        6,907
  Other                                                         182    -       8    -      45          181
Other F.R. liabilities and capital                           19,106            0    +   2,015       18,820
        Total factors, other than reserve balances,
        absorbing reserve funds                             593,975    -     904    +  48,618      595,115

Reserve balances with F.R. Banks  (6)                         5,628    -   1,559    -   4,401        6,047

On     March 29, 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 $    715,486 million, a change of $  -   1,647 million for the week. The total includes
$    630,404 million of U.S. government securities and $     85,081 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 $     17,655 million (daily average over statement week) and $     17,607 million (outstanding on
   Wednesday statement date) matched sale-purchase transactions, of which $     17,655 million (daily average)
   and $     17,607 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,188 million (daily average) and $      1,875 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
   $        245 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 $      6,615 million and adjustments of $        292 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
                                                           Mar 29, 2000     Mar 22, 2000     Mar 31, 1999
                ASSETS
Gold certificate account                                        11,048                0        -       1
Special drawing rights certificate account                       6,200                0        -   2,000
Coin                                                               456        +      18        +      28
Loans                                                              124        -   1,505        -     122
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           18,420        -   4,435        +  18,420
Federal agency obligations (2)
  Bought outright                                                  150                0        -     161
  Held under repurchase agreements                                   0                0        -   5,606
U.S. government securities (2)
  Bought outright--Bills                                       198,093        +     707        +   1,334
                   Notes (3)                                   219,082        +   1,232        +  24,114
                   Bonds (4)                                    85,588        +     331        +  11,629
    Total bought outright (5)                                  502,762        +   2,270        +  37,076
  Held under repurchase agreements (1)                               0                0        -  12,730
     Total U.S. government securities                          502,762        +   2,270        +  24,346
       Total loans and securities                              521,456        -   3,670        +  36,878

Items in process of collection                      (786)        6,234        -   1,490        -     863
Bank premises                                                    1,384                0        +      81
Other assets (6)                                                32,676        +     566        +   1,379
                TOTAL ASSETS                        (786)      579,454        -   4,577        +  35,502

                LIABILITIES
Federal Reserve notes                                          535,901        -      37        +  44,186
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits
  Depository institutions                                       12,771        -   4,485        -   9,770
  U.S. Treasury--general account                                 5,288        +     424        -      86
  Foreign--official accounts                                        80        -       4        -      86
    Other                                             (0)          181        -       3        -      54
      Total deposits                                  (0)       18,319        -   4,069        -   9,997
Deferred availability cash items                    (786)        6,413        -     475        -     704
Other liabilities and accrued dividends (7)                      4,833        +      22        +     505
                TOTAL LIABILITIES                   (786)      565,467        -   4,557        +  33,992

                CAPITAL ACCOUNTS
Capital paid in                                                  6,706        +       7        +     584
Surplus                                                          6,431                0        +     487
Other capital accounts                                             849        -      27        +     438

*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
   $        191 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
   $         54 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
5  Net of $     17,607 million matched sale-purchase transactions outstanding at the end of the latest
   statement week.  Includes securities loans of $      1,875 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,     March 29, 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             107       20,153   +   5,877           10   +      10        7,380           0
16 to 90 days               17      103,506   -     690            0   -      10       11,040           0
91 days to 1 year            0      134,851   -   4,480           10           0     ------      ------
Over 1 to 5 years                   124,689   +     741           10           0     ------      ------
Over 5 to 10 years                   51,437   +     491          120           0     ------      ------
Over 10 years                        68,126   +     331            0           0     ------      ------
                   		 	
Total                      124      502,762   +   2,270          150           0       18,420           0

1  Includes $      5,792 million of inflation-indexed securities valued at the original face amount and
   $        245 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     March 29, 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                      11,048        533      4,435        319        566        834        724        993        337        140        313        575      1,279
Special drawing rights certif. acct.           6,200        307      2,431        187        299        516        450        549        175         78        175        341        692
Coin                                             456         11         30         19         18         59         47         57         23         30         35         51         75

Loans                                            124          9          0          0          0          0          1         50         16         21          9          0         18
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          18,420          0     18,420          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)
  Bought outright                                150          8         60          4          9         11          9         14          5          2          4          7         16
  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                     198,093     10,244     78,889      5,933     11,467     14,902     12,058     18,605      6,516      2,369      5,940      9,870     21,298
                   Notes (3)                 219,082     11,329     87,248      6,562     12,681     16,481     13,335     20,576      7,206      2,620      6,570     10,916     23,555
                   Bonds (4)                  85,588      4,426     34,085      2,563      4,954      6,439      5,210      8,038      2,815      1,024      2,567      4,265      9,202
     Total bought outright(5)                502,762     25,999    200,222     15,059     29,102     37,823     30,603     47,220     16,538      6,013     15,077     25,051     54,055
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             502,762     25,999    200,222     15,059     29,102     37,823     30,603     47,220     16,538      6,013     15,077     25,051     54,055
       Total loans and securities            521,456     26,016    218,702     15,063     29,111     37,834     30,613     47,284     16,558      6,035     15,091     25,059     54,089

Items in process of collection                 7,020        416        871        302        305        432        647        513        282        463        427        399      1,963
Bank premises                                  1,384         94        164         50        157        124        167        106         33        127         50        145        165
Other assets(5)                               32,676      1,473     11,086      1,017      1,962      5,256      2,062      2,779        884        770        894      1,291      3,202
Interdistrict settlement account                   0    + 4,655    +   327    + 4,633    +   595    - 9,104    + 4,806    +12,223    + 2,137    - 4,504    +   777    -15,402    - 1,143
          TOTAL ASSETS                       580,240     33,505    238,047     21,590     33,013     35,952     39,515     64,504     20,430      3,139     17,762     12,459     60,324

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  $        191 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  $         54 million
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     17,607 million matched sale-purchase transactions outstanding at the end of the latest statement week.
   Includes securities loans of $      1,875 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     March 29, 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                         535,901     31,359    224,609     20,317     30,159     29,978     36,324     60,260     19,281      1,689     16,277     10,771     54,878
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits
  Depository institutions                      12,771        834      2,103        368      1,303      1,653      1,018      1,995        390        360        573        591      1,583
  U.S. Treasury--general account                5,288          0      5,288          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       80          1         56          1          2          8          2          3          1          1          1          1          3
  Other                                           181          0        138          0          3         33          0          1          1          0          2          1          1
    Total deposits                             18,319        836      7,585        370      1,308      1,694      1,020      1,999        392        361        576        592      1,587
Deferred credit items                           7,199        435        907        314        352        467        841        553        240        481        357        392      1,861
Other liabilities and accrued
  dividends (2)                                 4,833        266      1,717        171        285        398        336        457        182         97        176        248        500
    TOTAL LIABILITIES                         566,253     32,895    234,819     21,172     32,103     32,536     38,521     63,269     20,095      2,627     17,386     12,003     58,826

       CAPITAL ACCOUNTS
Capital paid in                                 6,706        289      1,492        202        441      1,677        481        593        160        255        180        217        720
Surplus                                         6,431        289      1,325        199        444      1,691        460        578        158        235        179        211        660
Other capital accounts                            849         32        410         17         24         48         53         64         17         22         16         28        117
     TOTAL LIABILITIES AND CAPITAL
        ACCOUNTS                              580,240     33,505    238,047     21,590     33,013     35,952     39,515     64,504     20,430      3,139     17,762     12,459     60,324

FEDERAL RESERVE AGENTS' ACCOUNTS

F.R. notes outstanding                        789,660     40,798    315,757     30,013     38,856     51,696     60,391     75,242     25,256     10,693     23,398     34,844     82,715
  Less--Held by F.R. Banks                    253,759      9,439     91,147      9,696      8,697     21,719     24,067     14,982      5,975      9,004      7,122     24,073     27,837
  F.R. notes, net                             535,901     31,359    224,609     20,317     30,159     29,978     36,324     60,260     19,281      1,689     16,277     10,771     54,878
Collateral held against F.R. notes
   Gold certificate account                    11,048
   Special drawing rights
     certificate account                        6,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        518,653
     Total collateral                         535,901

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.