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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 28, 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 27, 2000 Dec 20, 2000 Dec 29, 1999 Dec 27, 2000

Reserve Bank Credit                                         584,323    +   6,032    -  34,464      597,310
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    515,595    +     858    +  26,425      515,491
    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)                      31,759    +   6,738    -  61,395       43,985
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            41    -     254    -     320           21
    Seasonal credit                                             112    -       9    +      34           96
    Extended credit                                               0            0            0            0
   Float                                                      1,191    -   1,793    +     556        1,837
   Other F.R. assets                                         35,494    +     492    +     510       35,751
Gold stock                                                   11,046            0    -       2       11,046
Special drawing rights certificate account                    2,200    -     143    -   4,000        2,200
Treasury currency outstanding                                31,205    +      14    +   3,227       31,205
        Total factors supplying reserve funds               628,774    +   5,903    -  35,239      641,761
                                                                   
Currency in circulation*                                    589,415    +   6,562    -  29,896      592,965
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         416    +      12    +     307          454
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,340    -   3,765    -   7,798        5,320
  Foreign                                                       103    -      57    +       4           83
  Service-related balances and adjustments (5)                7,236    +     540    -     548        7,236
  Other                                                         258    +      36    +      63          235
Other F.R. liabilities and capital                           18,417    -     164    -     208       18,062
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             620,186    +   3,164    -  38,075      624,356

Reserve balances with F.R. Banks  (6)                         8,588    +   2,739    +   2,837       17,405
                                                                
On  December 27, 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 $    691,862 million, a change of $  +   4,252 million for the week. The total includes
$    589,149 million of U.S. government securities and $    102,713 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 $     17,182 million (daily average over statement week) and $     17,323 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     17,182 million (daily average)
   and $     17,323 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,231 million (daily average) and $      2,924 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 
   $        528 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 $      6,360 million and adjustments of $        876 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 27, 2000     Dec 20, 2000     Dec 29, 1999
                ASSETS
Gold certificate account                                        11,046                0        -       2
Special drawing rights certificate account                       2,200                0        -   4,000
Coin                                                               946        -       8        +     743
Loans                                                              117        -       8        -   2,755
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           43,985        +  18,275        -  78,885
Federal agency obligations (2)          
  Bought outright                                                  130                0        -      51
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       182,530        -      97        +     557
                   Notes (3)                                   240,176        +   1,047        +  21,710
                   Bonds (4)                                    92,784        +       1        +   9,806
    Total bought outright (5)                                  515,491        +     952        +  32,074
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          515,491        +     952        +  32,074
       Total loans and securities                              559,723        +  19,219        -  49,617
                          
Items in process of collection                      (771)       10,087        -   2,247        +   3,162
Bank premises                                                    1,455        +       3        +      99
Other assets (6)                                                34,268        +     548        +     435
                TOTAL ASSETS                        (771)      619,724        +  17,514        -  49,182
                          
                LIABILITIES
Federal Reserve notes                                          563,160        +   6,370        -  37,761
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       24,787        +  10,921        +   8,058
  U.S. Treasury--general account                                 5,320        +     539        -  20,603
  Foreign--official accounts                                        83        -     144        -     151
    Other                                             (0)          235        +      24        +      52
      Total deposits                                  (0)       30,426        +  11,342        -  12,643
Deferred availability cash items                    (771)        8,077        -     120        +   1,445
Other liabilities and accrued dividends (7)                      4,341        -      34        -     137
                TOTAL LIABILITIES                   (771)      606,003        +  17,557        -  49,096
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,024        +       2        +     592
Surplus                                                          2,679                0        -   3,273
Other capital accounts                                           4,018        -      45        +   2,596

*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 
   $        425 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 
   $        104 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     17,323 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      2,924 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 27, 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             110       19,889   +     954            0           0       33,010           0
16 to 90 days                7      110,832   -   1,017            0           0       10,975           0
91 days to 1 year            0      125,620   -      34            0           0     ------      ------
Over 1 to 5 years                   132,792   +   1,046          130           0     ------      ------
Over 5 to 10 years                   55,461   +       2            0           0     ------      ------
Over 10 years                        70,896   +       1            0           0     ------      ------
                   		 	
Total                      117      515,491   +     952          130           0       43,985           0

1  Includes $      6,905 million of inflation-indexed securities valued at the original face amount and 
   $        528 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 27, 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.           2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                             946         46         77         52         66        115         82        110         51         32         66         91        157
                       
Loans                                            117          1          0          3          0          9          8         33         13          8         35          5          3
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          43,985          0     43,985          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                     182,530     10,479     70,457      7,602     10,215     10,715     12,150     21,833      6,934        768      6,083      5,401     19,894
                   Notes (3)                 240,176     13,788     92,709     10,003     13,441     14,099     15,987     28,729      9,124      1,011      8,004      7,106     26,177
                   Bonds (4)                  92,784      5,327     35,815      3,864      5,192      5,447      6,176     11,098      3,525        391      3,092      2,745     10,112
     Total bought outright(5)                515,491     29,593    198,980     21,470     28,847     30,260     34,312     61,660     19,582      2,170     17,178     15,252     56,183
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             515,491     29,593    198,980     21,470     28,847     30,260     34,312     61,660     19,582      2,170     17,178     15,252     56,183
       Total loans and securities            559,723     29,602    243,016     21,479     28,855     30,277     34,329     61,709     19,600      2,178     17,218     15,261     56,200
                       
Items in process of collection                10,858        604      1,140        410        489        680        818        976        680        673        634        916      2,837
Bank premises                                  1,455         94        166         50        155        126        245        104         34        126         49        138        167
Other assets(5)                               34,268      1,627     11,637      1,236      2,009      5,124      2,228      3,307      1,017        670        989      1,061      3,362
Interdistrict settlement account                   0    + 5,322    - 4,302    + 1,045    + 1,713    + 4,154    + 3,870    - 1,016    -   466    -   623    -   432    - 6,408    - 2,856
          TOTAL ASSETS                       620,495     37,946    257,034     24,770     33,911     41,373     42,539     66,467     21,347      3,244     18,930     11,671     61,262

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  $        425 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  $        104 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     17,323 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      2,924 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 27, 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                         563,160     31,962    240,735     22,856     31,285     34,061     39,073     61,127     19,436      1,602     16,712      9,713     54,599
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      24,787      4,319      4,934        731        929      3,524      1,292      2,812      1,181        516      1,292      1,156      2,100
  U.S. Treasury--general account                5,320          0      5,320          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       83          1         59          1          2          8          2          3          1          1          1          1          3
  Other                                           235          0        173          3          2         27          2          2          2          0         19          2          3
    Total deposits                             30,426      4,321     10,486        735        933      3,559      1,296      2,817      1,184        518      1,311      1,159      2,106
Deferred credit items                           8,848        659      1,140        510        399        741        804        705        254        556        364        253      2,464
Other liabilities and accrued                 
  dividends (2)                                 4,341        257      1,466        191        248        329        336        490        181         74        170        154        446
    TOTAL LIABILITIES                         606,774     37,199    253,827     24,291     32,865     38,690     41,508     65,139     21,054      2,749     18,557     11,279     59,616
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,024        358      1,468        228        500      1,679        495        632        138        368        178        188        792
Surplus                                         2,679        120        552         83        185        705        192        241         66         98         75         88        275
Other capital accounts                          4,018        269      1,187        167        361        300        344        456         89         29        120        116        579
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              620,495     37,946    257,034     24,770     33,911     41,373     42,539     66,467     21,347      3,244     18,930     11,671     61,262
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        752,359     36,904    301,259     31,691     36,415     50,874     60,532     70,849     23,224      9,602     21,636     32,366     77,008
  Less--Held by F.R. Banks                    189,199      4,942     60,524      8,835      5,130     16,813     21,459      9,722      3,789      8,000      4,924     22,653     22,409
  F.R. notes, net                             563,160     31,962    240,735     22,856     31,285     34,061     39,073     61,127     19,436      1,602     16,712      9,713     54,599
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        549,914
     Total collateral                         563,160

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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