---

`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
                                                                                          November 24, 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     Nov 22, 2000 Nov 15, 2000 Nov 24, 1999 Nov 22, 2000

Reserve Bank Credit                                         568,034    +   1,217    +   5,206      573,569
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    513,025    +     689    +  19,024      513,813
    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)                      19,618    +   2,191    -  15,477       24,615
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                           416    +     378    +     347            1
    Seasonal credit                                             148    -       7    +      89          145
    Extended credit                                               0            0            0            0
   Float                                                        985    -      89    +     656          905
   Other F.R. assets                                         33,712    -   1,944    +     624       33,959
Gold stock                                                   11,046            0    -       3       11,046
Special drawing rights certificate account                    3,200            0    -   4,000        3,200
Treasury currency outstanding                                30,909    +      14    +   3,124       30,909
        Total factors supplying reserve funds               613,188    +   1,231    +   4,326      618,723
                                                                   
Currency in circulation*                                    576,148    +   2,316    +   2,874      579,884
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         289    +      15    +     194          311
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,175    -     104    -     165        4,413
  Foreign                                                        92    +      13    -     111           71
  Service-related balances and adjustments (5)                6,600    -     347    -     562        6,600
  Other                                                         238    +      38    -      17          233
Other F.R. liabilities and capital                           17,755    +     227    -     682       17,669
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             606,296    +   2,157    +   1,529      609,181

Reserve balances with F.R. Banks  (6)                         6,892    -     925    +   2,797        9,542
                                                                
On  November 22, 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 $    682,725 million, a change of $  -   5,152 million for the week. The total includes
$    588,994 million of U.S. government securities and $     93,731 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 $     16,431 million (daily average over statement week) and $     16,407 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     16,431 million (daily average)
   and $     16,407 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,435 million (daily average) and $        218 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $      6,395 million of inflation-indexed securities valued at the original face amount and 
   $        463 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 $      6,212 million and adjustments of $        389 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
                                                           Nov 22, 2000     Nov 15, 2000     Nov 24, 1999
                ASSETS
Gold certificate account                                        11,046                0        -       3
Special drawing rights certificate account                       3,200                0        -   4,000
Coin                                                               905        -       4        +     644
Loans                                                              146        -     261        -     226
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           24,615        -   1,180        -  16,840
Federal agency obligations (2)          
  Bought outright                                                  130                0        -      51
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       183,883        +     839        -  16,019
                   Notes (3)                                   237,245        +   1,224        +  23,979
                   Bonds (4)                                    92,685        +       3        +  11,324
    Total bought outright (5)                                  513,813        +   2,065        +  19,284
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          513,813        +   2,065        +  19,284
       Total loans and securities                              538,704        +     624        +   2,166
                          
Items in process of collection                    (1,118)        8,472        +     550        +     268
Bank premises                                                    1,443        +       1        +      95
Other assets (6)                                                32,522        +     451        +     738
                TOTAL ASSETS                      (1,118)      596,293        +   1,624        -      91
                          
                LIABILITIES
Federal Reserve notes                                          550,192        +   4,380        -   1,146
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       16,270        -   2,708        +   1,547
  U.S. Treasury--general account                                 4,413        -     437        -     112
  Foreign--official accounts                                        71        -      19        -     100
    Other                                             (0)          233        -      33        -      20
      Total deposits                                  (0)       20,987        -   3,196        +   1,314
Deferred availability cash items                  (1,118)        7,445        +      89        +     267
Other liabilities and accrued dividends (7)                      4,368        +       4        -     215
                TOTAL LIABILITIES                 (1,118)      582,992        +   1,276        +     221
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,030        +      42        +     656
Surplus                                                          2,679                0        -   3,273
Other capital accounts                                           3,592        +     305        +   2,305

*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 $      4,857 million of inflation-indexed securities valued at the original face amount and 
   $        365 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 
   $         98 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     16,407 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $        218 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,  November 22, 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             125       17,639   +     137            0           0       12,595           0
16 to 90 days               21      112,587   +   3,764            0           0       12,020           0
91 days to 1 year            0      125,994   -   2,482            0           0     ------      ------
Over 1 to 5 years                   132,580   +     639          130           0     ------      ------
Over 5 to 10 years                   54,123   +       6            0           0     ------      ------
Over 10 years                        70,891   +       2            0           0     ------      ------
                   		 	
Total                      146      513,813   +   2,065          130           0       24,615           0

1  Includes $      6,395 million of inflation-indexed securities valued at the original face amount and 
   $        463 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  November 22, 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                                             905         34         77         52         57        115        100        101         45         34         67         74        150
                       
Loans                                            146          4          1          0          0          0          3         42         30         17         41          9          0
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          24,615          0     24,615          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                     183,883     10,556     70,979      7,659     10,290     10,794     12,240     21,995      6,985        774      6,128      5,441     20,041
                   Notes (3)                 237,245     13,620     91,577      9,881     13,277     13,927     15,792     28,378      9,012        999      7,906      7,020     25,857
                   Bonds (4)                  92,685      5,321     35,776      3,860      5,187      5,441      6,169     11,086      3,521        390      3,089      2,742     10,102
     Total bought outright(5)                513,813     29,497    198,333     21,401     28,754     30,162     34,201     61,460     19,518      2,163     17,123     15,203     56,000
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             513,813     29,497    198,333     21,401     28,754     30,162     34,201     61,460     19,518      2,163     17,123     15,203     56,000
       Total loans and securities            538,704     29,508    222,999     21,406     28,761     30,170     34,212     61,517     19,553      2,181     17,168     15,215     56,014
                       
Items in process of collection                 9,590        470      1,038        468        475        778        853        815        475        685        626        522      2,384
Bank premises                                  1,443         94        166         50        155        126        235        104         33        126         49        138        167
Other assets(5)                               32,522      1,534     10,984      1,107      1,904      5,029      2,121      3,111        952        663        938        993      3,187
Interdistrict settlement account                   0    + 1,303    +10,244    +    59    + 1,476    +   480    + 2,251    - 2,932    - 1,220    -   708    -   934    - 5,510    - 4,509
          TOTAL ASSETS                       597,411     33,646    251,207     23,676     33,498     37,660     40,816     64,089     20,301      3,182     18,350     12,089     58,897

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 $      4,857 million of inflation-indexed securities valued at the original face amount and  $        365 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  $         98 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     16,407 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $        218 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  November 22, 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                         550,192     31,242    235,416     21,889     30,967     32,700     37,895     59,474     19,230      1,322     16,647     10,322     53,088
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      16,270        837      5,449        589        853      1,459        731      2,137        335        779        634        904      1,563
  U.S. Treasury--general account                4,413          0      4,413          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       71          1         47          1          2          8          2          3          1          1          1          1          3
  Other                                           233          0        138          0          4         43          2          1          1          0         34          7          3
    Total deposits                             20,987        839     10,046        590        858      1,510        735      2,141        337        781        669        912      1,569
Deferred credit items                           8,564        552        990        507        523        617        892        677        254        529        488        316      2,219
Other liabilities and accrued                 
  dividends (2)                                 4,368        264      1,482        197        251        322        336        492        180         72        169        160        443
    TOTAL LIABILITIES                         584,111     32,897    247,934     23,183     32,600     35,149     39,858     62,784     20,001      2,703     17,974     11,710     57,318
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,030        358      1,496        236        497      1,678        493        617        138        359        178        188        791
Surplus                                         2,679        120        552         83        185        705        192        241         66         98         75         88        275
Other capital accounts                          3,592        271      1,225        173        217        128        273        448         96         22        124        104        512
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              597,411     33,646    251,207     23,676     33,498     37,660     40,816     64,089     20,301      3,182     18,350     12,089     58,897
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        757,512     37,061    302,749     31,861     36,752     51,475     61,115     70,978     23,443      9,693     21,767     32,746     77,874
  Less--Held by F.R. Banks                    207,320      5,819     67,332      9,972      5,785     18,775     23,220     11,504      4,212      8,371      5,120     22,424     24,786
  F.R. notes, net                             550,192     31,242    235,416     21,889     30,967     32,700     37,895     59,474     19,230      1,322     16,647     10,322     53,088
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        3,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        535,946
     Total collateral                         550,192

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.`

---