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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
                                                                                             April 20, 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     Apr 19, 2000 Apr 12, 2000 Apr 21, 1999 Apr 19, 2000

Reserve Bank Credit                                         559,618    +   2,321    +  46,062      567,387
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    507,438    +   4,845    +  36,875      508,029
    Held under repurchase agreements                              0            0    -   6,685            0
  Federal agency obligations (1)                                                   
    Bought outright                                             140    -       6    -     171          140
    Held under repurchase agreements                              0            0    -   2,022            0
  Repurchase agreements -- triparty (4)                      16,624    -   2,518    +  16,624       23,775
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            55    -     417    -     144           86
    Seasonal credit                                             103    -       2    +      67          119
    Extended credit                                               0            0            0            0
   Float                                                        243    +     129    +     140          117
   Other F.R. assets                                         35,015    +     289    +   1,377       35,122
Gold stock                                                   11,048            0    -       1       11,048
Special drawing rights certificate account                    5,771    -     429    -   2,429        5,200
Treasury currency outstanding                                28,436    +      14    +   1,726       28,436
        Total factors supplying reserve funds               604,874    +   1,906    +  45,359      612,072
                                                                   
Currency in circulation*                                    564,204    -     210    +  44,542      564,940
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         198    +       1    +      53          201
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    6,778    +   1,316    -      12        5,672
  Foreign                                                        91    -      34    -     124          137
  Service-related balances and adjustments (5)                6,786    -      35    +      69        6,786
  Other                                                         274            0    -       9          276
Other F.R. liabilities and capital                           19,269    -     384    +   2,000       18,961
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             597,599    +     653    +  46,519      596,972

Reserve balances with F.R. Banks  (6)                         7,275    +   1,254    -   1,160       15,099
                                                                
On     April 19, 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 $    714,783 million, a change of $  -   9,653 million for the week. The total includes
$    627,945 million of U.S. government securities and $     86,838 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 $     16,918 million (daily average over statement week) and $     16,543 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     16,918 million (daily average)
   and $     16,543 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        491 million (daily average) and $      1,681 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 
   $        268 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 $      6,560 million and adjustments of $        226 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
                                                           Apr 19, 2000     Apr 12, 2000     Apr 21, 1999
                ASSETS
Gold certificate account                                        11,048                0        -       1
Special drawing rights certificate account                       5,200        -   1,000        -   3,000
Coin                                                               531        +      34        +     116
Loans                                                              205        +      57        -   1,203
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           23,775        +   5,475        +  23,775
Federal agency obligations (2)          
  Bought outright                                                  140                0        -     171
  Held under repurchase agreements                                   0                0        -   1,334
U.S. government securities (2)           
  Bought outright--Bills                                       201,252        +   3,510        +   2,534
                   Notes (3)                                   221,017        +     318        +  23,897
                   Bonds (4)                                    85,760        +      62        +  11,093
    Total bought outright (5)                                  508,029        +   3,890        +  37,523
  Held under repurchase agreements (1)                               0                0        -   5,880
     Total U.S. government securities                          508,029        +   3,890        +  31,643
       Total loans and securities                              532,149        +   9,422        +  52,710
                          
Items in process of collection                      (962)        9,083        +      91        +      18
Bank premises                                                    1,390        +       1        +      81
Other assets (6)                                                33,751        +     215        +   1,383
                TOTAL ASSETS                        (962)      593,152        +   8,763        +  51,307
                          
                LIABILITIES
Federal Reserve notes                                          537,236        -     371        +  42,986
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       22,263        +   9,104        +   6,980
  U.S. Treasury--general account                                 5,672        -     161        -   1,018
  Foreign--official accounts                                       137        -       9        -      56
    Other                                             (0)          276        -       1        +      36
      Total deposits                                  (0)       28,348        +   8,932        +   5,942
Deferred availability cash items                    (962)        8,607        +     198        +     425
Other liabilities and accrued dividends (7)                      4,853        -       3        +     669
                TOTAL LIABILITIES                   (962)      579,044        +   8,757        +  50,021
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  6,747        +       1        +     581
Surplus                                                          6,431                0        +     479
Other capital accounts                                             929        +       4        +     225

*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 
   $        208 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 
   $         60 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     16,543 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      1,681 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,     April 19, 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             184       17,248   +   1,630            0           0       12,780           0
16 to 90 days               21      105,581   +      99            0           0       10,995           0
91 days to 1 year            0      139,792   +   1,214           10           0     ------      ------
Over 1 to 5 years                   124,896   +      11           10           0     ------      ------
Over 5 to 10 years                   52,380   +     934          120           0     ------      ------
Over 10 years                        68,132   +       2            0           0     ------      ------
                   		 	
Total                      205      508,029   +   3,890          140           0       23,775           0

1  Includes $      5,792 million of inflation-indexed securities valued at the original face amount and 
   $        268 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     April 19, 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        535      4,430        414        520        750        802      1,064        359        158        340        514      1,162
Special drawing rights certif. acct.           5,200        271      2,065        196        246        346        393        502        167         72        156        232        554
Coin                                             531         17         32         20         21         67         54         70         31         47         48         60         63
                       
Loans                                            205         28          0          0          0          0          2         56         30         21         29          2         37
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          23,775          0     23,775          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                     201,252     11,554     77,684      8,382     11,262     11,814     13,396     24,073      7,645        847      6,707      5,955     21,934
                   Notes (3)                 221,017     12,688     85,313      9,205     12,368     12,974     14,711     26,437      8,396        930      7,365      6,539     24,088
                   Bonds (4)                  85,760      4,923     33,104      3,572      4,799      5,034      5,708     10,258      3,258        361      2,858      2,537      9,347
     Total bought outright(5)                508,029     29,165    196,100     21,160     28,430     29,822     33,816     60,768     19,299      2,139     16,930     15,031     55,370
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             508,029     29,165    196,100     21,160     28,430     29,822     33,816     60,768     19,299      2,139     16,930     15,031     55,370
       Total loans and securities            532,149     29,201    219,929     21,165     28,438     29,831     33,827     60,840     19,334      2,160     16,964     15,037     55,422
                       
Items in process of collection                10,045        589      1,251        351        404        644        819        841        368        590        532        719      2,939
Bank premises                                  1,390         94        164         50        157        124        174        106         33        127         50        145        165
Other assets(5)                               33,751      1,605     11,241      1,178      2,008      5,223      2,216      3,258        994        685        973      1,030      3,342
Interdistrict settlement account                   0    + 1,531    + 3,154    - 1,003    + 2,618    +   435    + 1,816    - 1,836    -   384    -   583    -   960    - 3,515    - 1,273
          TOTAL ASSETS                       594,113     33,843    242,266     22,371     34,411     37,420     40,101     64,845     20,902      3,257     18,102     14,222     62,373

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  $        208 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  $         60 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     16,543 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      1,681 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     April 19, 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                         537,236     31,170    224,058     20,888     30,755     30,280     36,616     59,622     19,283      1,572     16,294     10,906     55,791
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      22,263      1,183      6,263        442      1,978      2,626      1,113      2,675        798        524        776      2,160      1,724
  U.S. Treasury--general account                5,672          0      5,672          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      137          1        113          1          2          8          2          3          1          1          1          1          3
  Other                                           276          0        140          0          9        118          3          1          1          1          2          1          1
    Total deposits                             28,348      1,185     12,187        443      1,989      2,751      1,118      2,679        800        527        780      2,161      1,728
Deferred credit items                           9,569        593      1,106        394        470        642      1,008        690        278        542        463        532      2,852
Other liabilities and accrued                 
  dividends (2)                                 4,853        283      1,676        217        278        353        359        555        201         74        184        172        503
    TOTAL LIABILITIES                         580,005     33,231    239,027     21,942     33,492     34,025     39,101     63,546     20,562      2,714     17,720     13,771     60,873
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 6,747        289      1,492        202        444      1,675        481        616        160        271        181        217        720
Surplus                                         6,431        289      1,325        199        444      1,691        460        578        158        235        179        211        660
Other capital accounts                            929         34        421         27         31         28         58        105         22         37         23         23        120
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              594,113     33,843    242,266     22,371     34,411     37,420     40,101     64,845     20,902      3,257     18,102     14,222     62,373
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        784,953     40,168    313,024     30,303     39,042     51,046     60,633     74,037     25,005     10,592     23,120     34,882     83,102
  Less--Held by F.R. Banks                    247,718      8,998     88,966      9,414      8,287     20,766     24,016     14,414      5,722      9,020      6,826     23,975     27,312
  F.R. notes, net                             537,236     31,170    224,058     20,888     30,755     30,280     36,616     59,622     19,283      1,572     16,294     10,906     55,791
Collateral held against F.R. notes            
   Gold certificate account                    11,048
   Special drawing rights                 
     certificate account                        5,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        520,987
     Total collateral                         537,236

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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