---

`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 2, 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 1, 2000 Oct 25, 2000  Nov 3, 1999  Nov 1, 2000

Reserve Bank Credit                                         563,958    +   4,435    +  13,228      571,958
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    510,299    -     165    +  19,383      510,302
    Held under repurchase agreements                              0            0            0            0
  Federal agency obligations (1)                                                   
    Bought outright                                             130            0    -      58          130
    Held under repurchase agreements                              0            0            0            0
  Repurchase agreements -- triparty (4)                      16,005    +   4,316    -   7,795       24,940
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            18    -     157    -      86            3
    Seasonal credit                                             240    -      37    +     125          201
    Extended credit                                               0            0            0            0
   Float                                                        686    +     286    +     409          174
   Other F.R. assets                                         36,580    +     191    +   1,286       36,209
Gold stock                                                   11,046            0    -       3       11,046
Special drawing rights certificate account                    3,200            0    -   4,000        3,200
Treasury currency outstanding                                30,661    +      14    +   3,025       30,661
        Total factors supplying reserve funds               608,865    +   4,449    +  12,251      616,865
                                                                   
Currency in circulation*                                    570,622    +      39    +  13,435      572,260
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         286    -       1    +     192          271
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,171    -     107    +     203        5,149
  Foreign                                                        81    -      10    -      96           75
  Service-related balances and adjustments (5)                6,830    +     132    -     446        6,830
  Other                                                         256    +      15    +      26          278
Other F.R. liabilities and capital                           16,562    +     496    -   1,762       16,449
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             599,808    +     565    +  11,553      601,312

Reserve balances with F.R. Banks  (6)                         9,056    +   3,883    +     697       15,554
                                                                
On   November 1, 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 $    684,762 million, a change of $  -   2,017 million for the week. The total includes
$    591,224 million of U.S. government securities and $     93,538 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 $     16,845 million (daily average over statement week) and $     16,692 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     16,845 million (daily average)
   and $     16,692 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        794 million (daily average) and $        534 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 
   $        436 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 $      6,346 million and adjustments of $        484 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 1, 2000     Oct 25, 2000      Nov 3, 1999
                ASSETS
Gold certificate account                                        11,046                0        -       3
Special drawing rights certificate account                       3,200                0        -   4,000
Coin                                                               886        +      30        +     581
Loans                                                              203        -      79        -     621
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           24,940        +  14,945        -   1,640
Federal agency obligations (2)          
  Bought outright                                                  130                0        -      58
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       182,312        -     432        -  17,511
                   Notes (3)                                   235,603        -     786        +  24,328
                   Bonds (4)                                    92,387        +     482        +  11,957
    Total bought outright (5)                                  510,302        -     736        +  18,773
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          510,302        -     736        +  18,773
       Total loans and securities                              535,575        +  14,130        +  16,455
                          
Items in process of collection                      (883)        8,834        -     334        +     400
Bank premises                                                    1,434        +       1        +      88
Other assets (6)                                                34,752        -     553        +   1,235
                TOTAL ASSETS                        (883)      595,727        +  13,273        +  14,757
                          
                LIABILITIES
Federal Reserve notes                                          542,757        +     882        +   9,033
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       22,494        +   9,634        +   7,014
  U.S. Treasury--general account                                 5,149        +     942        -     461
  Foreign--official accounts                                        75        +       4        -      87
    Other                                             (0)          278        +      37        +      20
      Total deposits                                  (0)       27,995        +  10,615        +   6,484
Deferred availability cash items                    (883)        8,526        +   1,581        +     830
Other liabilities and accrued dividends (7)                      4,296        +       3        -      64
                TOTAL LIABILITIES                   (883)      583,574        +  13,081        +  16,283
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  6,987        +       6        +     626
Surplus                                                          2,679                0        -   3,273
Other capital accounts                                           2,487        +     187        +   1,121

*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 
   $        344 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 
   $         92 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     16,692 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $        534 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 1, 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              24       17,950   -   1,490            0           0       20,945           0
16 to 90 days              180      105,007   -   3,791            0           0        3,995           0
91 days to 1 year            0      131,002   +   4,710            0           0     ------      ------
Over 1 to 5 years                   130,667   -     648           30           0     ------      ------
Over 5 to 10 years                   53,530           0          100           0     ------      ------
Over 10 years                        72,145   +     482            0           0     ------      ------
                   		 	
Total                      203      510,302   -     736          130           0       24,940           0

1  Includes $      6,395 million of inflation-indexed securities valued at the original face amount and 
   $        436 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 1, 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                                             886         28         72         52         57        112        104        100         45         31         62         73        150
                       
Loans                                            203          0          0          0          0          0          5         50         50         30         58         10          1
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          24,940          0     24,940          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                     182,312     10,466     70,373      7,593     10,202     10,702     12,135     21,807      6,926        767      6,075      5,394     19,870
                   Notes (3)                 235,603     13,526     90,943      9,813     13,185     13,830     15,682     28,182      8,950        992      7,851      6,971     25,678
                   Bonds (4)                  92,387      5,304     35,662      3,848      5,170      5,423      6,149     11,051      3,510        389      3,079      2,734     10,069
     Total bought outright(5)                510,302     29,296    196,978     21,254     28,557     29,956     33,967     61,040     19,385      2,148     17,006     15,099     55,617
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             510,302     29,296    196,978     21,254     28,557     29,956     33,967     61,040     19,385      2,148     17,006     15,099     55,617
       Total loans and securities            535,575     29,303    221,968     21,260     28,564     29,964     33,981     61,105     19,440      2,179     17,068     15,112     55,632
                       
Items in process of collection                 9,717        625      1,308        539        319        673        807        434        480        671        589        641      2,631
Bank premises                                  1,434         93        166         50        155        125        230        104         33        126         49        137        165
Other assets(5)                               34,752      1,666     11,796      1,230      2,035      5,155      2,273      3,383      1,037        671      1,012      1,060      3,432
Interdistrict settlement account                   0    + 1,535    + 9,806    -   474    + 1,771    + 1,109    + 2,095    - 3,779    -   856    -   690    - 1,259    - 5,118    - 4,142
          TOTAL ASSETS                       596,610     33,952    250,815     23,192     33,572     38,100     40,533     62,722     20,641      3,189     17,958     12,564     59,371

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  $        344 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  $         92 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     16,692 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $        534 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 1, 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                         542,757     30,748    232,591     21,472     30,801     32,445     37,288     57,751     19,123      1,231     16,414     10,812     52,081
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      22,494      1,658      7,223        541      1,258      2,101      1,145      2,701        758        847        554        901      2,809
  U.S. Treasury--general account                5,149          0      5,149          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       75          1         51          1          2          8          2          3          1          1          1          1          3
  Other                                           278          0        138          1          2        125          1          1          1          0          3          1          3
    Total deposits                             27,995      1,660     12,560        543      1,262      2,234      1,148      2,704        760        848        558        903      2,815
Deferred credit items                           9,409        619      1,068        568        499        683        927        648        298        565        501        365      2,667
Other liabilities and accrued                 
  dividends (2)                                 4,296        255      1,459        192        249        315        332        483        177         70        168        156        441
    TOTAL LIABILITIES                         584,457     33,282    247,678     22,775     32,811     35,676     39,695     61,587     20,358      2,714     17,640     12,236     58,005
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 6,987        358      1,493        237        460      1,686        492        616        138        359        178        186        784
Surplus                                         2,679        120        552         83        185        705        192        241         66         98         75         88        275
Other capital accounts                          2,487        192      1,092         97        117         33        154        278         78         19         65         54        308
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              596,610     33,952    250,815     23,192     33,572     38,100     40,533     62,722     20,641      3,189     17,958     12,564     59,371
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        759,820     37,078    303,983     31,992     37,070     51,915     61,250     70,386     23,610      9,753     21,747     32,864     78,172
  Less--Held by F.R. Banks                    217,063      6,329     71,392     10,520      6,269     19,470     23,961     12,635      4,487      8,522      5,333     22,052     26,091
  F.R. notes, net                             542,757     30,748    232,591     21,472     30,801     32,445     37,288     57,751     19,123      1,231     16,414     10,812     52,081
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)        528,511
     Total collateral                         542,757

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.`

---