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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
                                                                                           December 7, 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      Dec 6, 2000 Nov 29, 2000  Dec 8, 1999  Dec 6, 2000

Reserve Bank Credit                                         571,915    -   1,660    -   2,641      570,757
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    513,267    -     422    +  19,269      513,100
    Held under repurchase agreements                              0            0            0            0
  Federal agency obligations (1)                                                   
    Bought outright                                             130            0    -      51          130
    Held under repurchase agreements                              0            0            0            0
  Repurchase agreements -- triparty (4)                      23,677    -   1,043    -  22,077       22,525
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            69    +      21    +      48           13
    Seasonal credit                                             121    -      27    +      60          121
    Extended credit                                               0            0            0            0
   Float                                                        544    -     129    -     678          549
   Other F.R. assets                                         34,106    -      60    +     796       34,319
Gold stock                                                   11,046            0    -       2       11,046
Special drawing rights certificate account                    3,200            0    -   4,000        3,200
Treasury currency outstanding                                30,937    +      26    +   3,065       30,937
        Total factors supplying reserve funds               617,097    -   1,634    -   3,580      615,939
                                                                   
Currency in circulation*                                    578,814    -   1,230    -   6,402      579,915
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         353    +      38    +     241          403
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,275    +     335    +     475        5,215
  Foreign                                                        81    +       7    -     105           89
  Service-related balances and adjustments (5)                6,606    -     152    -     487        6,606
  Other                                                         263    +      34    +      39          244
Other F.R. liabilities and capital                           18,272    +     245    -      73       18,074
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             609,664    -     724    -   6,312      610,546

Reserve balances with F.R. Banks  (6)                         7,433    -     910    +   2,732        5,393
                                                                
On   December 6, 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 $    689,145 million, a change of $  +   5,122 million for the week. The total includes
$    589,255 million of U.S. government securities and $     99,890 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 $     16,942 million (daily average over statement week) and $     17,141 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     16,942 million (daily average)
   and $     17,141 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        657 million (daily average) and $         50 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $      6,905 million of inflation-indexed securities valued at the original face amount and 
   $        520 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 $      6,180 million and adjustments of $        426 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
                                                            Dec 6, 2000     Nov 29, 2000      Dec 8, 1999
                ASSETS
Gold certificate account                                        11,046                0        -       2
Special drawing rights certificate account                       3,200                0        -   4,000
Coin                                                               914        +      22        +     686
Loans                                                              134        -     304        +      36
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           22,525        -   3,105        -  24,500
Federal agency obligations (2)          
  Bought outright                                                  130                0        -      51
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       183,384        -     433        -  15,849
                   Notes (3)                                   237,028        -     776        +  23,755
                   Bonds (4)                                    92,688        +       1        +  10,450
    Total bought outright (5)                                  513,100        -   1,208        +  18,356
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          513,100        -   1,208        +  18,356
       Total loans and securities                              535,889        -   4,617        -   6,159
                          
Items in process of collection                      (833)        9,378        +   2,180        +     420
Bank premises                                                    1,441                0        +      87
Other assets (6)                                                32,797        -     203        +     716
                TOTAL ASSETS                        (833)      594,665        -   2,617        -   8,252
                          
                LIABILITIES
Federal Reserve notes                                          550,295        -     662        -  11,301
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       12,155        -   4,207        +   1,966
  U.S. Treasury--general account                                 5,215        +     159        +      88
  Foreign--official accounts                                        89        +      16        -      89
    Other                                             (0)          244        +      17        +      30
      Total deposits                                  (0)       17,702        -   4,016        +   1,993
Deferred availability cash items                    (833)        8,594        +   1,900        +   1,125
Other liabilities and accrued dividends (7)                      4,397        -      12        -      60
                TOTAL LIABILITIES                   (833)      580,988        -   2,790        -   8,244
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,088        +      17        +     676
Surplus                                                          2,679                0        -   3,273
Other capital accounts                                           3,910        +     156        +   2,590

*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 $      5,367 million of inflation-indexed securities valued at the original face amount and 
   $        418 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 
   $        102 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     17,141 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $         50 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,   December 6, 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              41       17,413   +   1,935            0           0       11,515           0
16 to 90 days               93      115,290   +     979            0           0       11,010           0
91 days to 1 year            0      123,073   -   3,291            0           0     ------      ------
Over 1 to 5 years                   131,746   -     835          130           0     ------      ------
Over 5 to 10 years                   54,684   +       3            0           0     ------      ------
Over 10 years                        70,894   +       1            0           0     ------      ------
                   		 	
Total                      134      513,100   -   1,208          130           0       22,525           0

1  Includes $      6,905 million of inflation-indexed securities valued at the original face amount and 
   $        520 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   December 6, 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.           3,200        167      1,271        120        151        213        242        309        103         44         96        143        341
Coin                                             914         36         77         53         55        114         98         97         50         33         67         83        151
                       
Loans                                            134          0          1          0          0          0          0         40         21         13         38         21          0
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          22,525          0     22,525          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)      
  Bought outright                                130          7         50          5          7          8          9         16          5          1          4          4         14
  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                     183,384     10,528     70,787      7,638     10,262     10,765     12,207     21,936      6,966        772      6,111      5,426     19,987
                   Notes (3)                 237,028     13,607     91,493      9,872     13,264     13,914     15,777     28,352      9,004        998      7,899      7,013     25,833
                   Bonds (4)                  92,688      5,321     35,778      3,860      5,187      5,441      6,170     11,087      3,521        390      3,089      2,742     10,102
     Total bought outright(5)                513,100     29,456    198,058     21,371     28,714     30,120     34,153     61,374     19,491      2,160     17,099     15,181     55,922
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             513,100     29,456    198,058     21,371     28,714     30,120     34,153     61,374     19,491      2,160     17,099     15,181     55,922
       Total loans and securities            535,889     29,464    220,634     21,376     28,721     30,128     34,162     61,430     19,517      2,174     17,141     15,206     55,937
                       
Items in process of collection                10,212        476      1,126        513        436        815        920        831        461        730        849        619      2,435
Bank premises                                  1,441         94        166         50        154        126        234        104         34        126         49        138        166
Other assets(5)                               32,797      1,545     11,068      1,177      1,915      5,052      2,139      3,137        954        660        944        999      3,207
Interdistrict settlement account                   0    + 1,194    +12,360    -   115    + 1,336    +   271    + 2,104    - 2,792    - 1,114    -   247    - 1,087    - 7,183    - 4,728
          TOTAL ASSETS                       595,499     33,512    251,129     23,588     33,288     37,469     40,702     64,180     20,364      3,678     18,398     10,519     58,672

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 $      5,367 million of inflation-indexed securities valued at the original face amount and  $        418 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  $        102 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     17,141 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $         50 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   December 6, 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                         550,295     31,327    237,179     21,900     31,019     32,817     37,407     59,883     19,224      1,394     16,622      9,122     52,401
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      12,155        504      2,564        456        650        935        907      1,734        404      1,089        732        525      1,656
  U.S. Treasury--general account                5,215          0      5,215          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       89          1         65          1          2          8          2          3          1          1          1          1          3
  Other                                           244          0        135          2          1         65          1          2          0          1         32          1          3
    Total deposits                             17,702        505      7,978        459        654      1,008        910      1,738        405      1,091        764        526      1,663
Deferred credit items                           9,427        666      1,173        538        396        733      1,022        732        255        629        466        321      2,495
Other liabilities and accrued                 
  dividends (2)                                 4,397        259      1,481        196        253        325        338        495        179         73        170        159        467
    TOTAL LIABILITIES                         581,821     32,758    247,811     23,094     32,321     34,883     39,677     62,849     20,063      3,187     18,023     10,129     57,027
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,088        358      1,530        236        499      1,678        493        631        138        368        178        187        791
Surplus                                         2,679        120        552         83        185        705        192        241         66         98         75         88        275
Other capital accounts                          3,910        276      1,235        175        283        204        340        459         97         25        123        116        579
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              595,499     33,512    251,129     23,588     33,288     37,469     40,702     64,180     20,364      3,678     18,398     10,519     58,672
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        755,565     37,003    302,489     31,736     36,668     51,226     60,690     71,057     23,367      9,648     21,713     32,538     77,430
  Less--Held by F.R. Banks                    205,270      5,675     65,310      9,836      5,650     18,409     23,283     11,174      4,143      8,254      5,091     23,416     25,029
  F.R. notes, net                             550,295     31,327    237,179     21,900     31,019     32,817     37,407     59,883     19,224      1,394     16,622      9,122     52,401
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        3,200
   Other eligible assets                          295
   U.S. govt. and agency securities(3)        535,755
     Total collateral                         550,295

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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