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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
                                                                                              July 20, 2000
Millions of dollars
                                                                   Averages of daily figures
      Reserve balances of depository institutions at     Week ended   Change from week ended     Wednesday
 F.R. Banks, Reserve Bank credit, and related items     Jul 19, 2000 Jul 12, 2000 Jul 21, 1999 Jul 19, 2000

Reserve Bank Credit                                         558,319    -   2,198    +  34,945      557,904
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    507,047    +   1,245    +  20,208      507,093
    Held under repurchase agreements                              0            0    -   1,607            0
  Federal agency obligations (1)                                                   
    Bought outright                                             140            0    -     114          140
    Held under repurchase agreements                              0            0    -   1,239            0
  Repurchase agreements -- triparty (4)                      14,873    -   4,106    +  14,873       14,010
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            31    -     144    +      15          101
    Seasonal credit                                             505    +      21    +     264          536
    Extended credit                                               0            0            0            0
   Float                                                        604    +     236    +     352          734
   Other F.R. assets                                         35,118    +     550    +   2,191       35,291
Gold stock                                                   11,046            0            0       11,046
Special drawing rights certificate account                    4,200            0    -   4,000        4,200
Treasury currency outstanding                                29,316    +      14    +   2,224       29,316
        Total factors supplying reserve funds               602,881    -   2,185    +  33,170      602,467
                                                                   
Currency in circulation*                                    569,652    -   2,920    +  36,594      569,557
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                          69    +       2    +      13           99
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,333    +     352    +     277        5,922
  Foreign                                                        98    +       3    -     100          148
  Service-related balances and adjustments (5)                6,592    -     294    -     623        6,592
  Other                                                         249    +      13    -      38          225
Other F.R. liabilities and capital                           15,339    -     472    -   2,123       14,966
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             597,333    -   3,317    +  34,001      597,509

Reserve balances with F.R. Banks  (6)                         5,549    +   1,133    -     830        4,958
                                                                
On      July 19, 2000, the face amount of marketable U.S. government and federal agency securities held in custody by the Federal Reserve
Banks for foreign official and international accounts was $    709,116 million, a change of $  +   9,586 million for the week. The total includes
$    621,028 million of U.S. government securities and $     88,088 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 $     17,746 million (daily average over statement week) and $     18,358 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     16,352 million (daily average)
   and $     15,853 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      3,142 million (daily average) and $      3,385 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $      5,792 million of inflation-indexed securities valued at the original face amount and 
   $        338 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 $      6,356 million and adjustments of $        236 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
                                                           Jul 19, 2000     Jul 12, 2000     Jul 21, 1999
                ASSETS
Gold certificate account                                        11,046                0        -       1
Special drawing rights certificate account                       4,200                0        -   4,000
Coin                                                               688        +      28        +     399
Loans                                                              637        -     124        +     318
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           14,010        -   6,010        +  14,010
Federal agency obligations (2)          
  Bought outright                                                  140                0        -     114
  Held under repurchase agreements                                   0                0        -   1,170
U.S. government securities (2)           
  Bought outright--Bills                                       192,174        -   1,672        -   6,848
                   Notes (3)                                   227,613        +   1,231        +  17,842
                   Bonds (4)                                    87,305        +     790        +   9,421
    Total bought outright (5)                                  507,093        +     350        +  20,416
  Held under repurchase agreements (1)                               0                0        -     415
     Total U.S. government securities                          507,093        +     350        +  20,001
       Total loans and securities                              521,879        -   5,785        +  33,043
                          
Items in process of collection                      (782)        8,004        +       4        +     969
Bank premises                                                    1,413        +       2        +      91
Other assets (6)                                                33,878        +     421        +   2,056
                TOTAL ASSETS                        (782)      581,108        -   5,330        +  32,557
                          
                LIABILITIES
Federal Reserve notes                                          541,028        -   2,577        +  34,216
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       11,649        -   3,217        -     986
  U.S. Treasury--general account                                 5,922        +     902        +   1,356
  Foreign--official accounts                                       148        +      55        -      21
    Other                                             (0)          225        -      40        -      64
      Total deposits                                  (0)       17,945        -   2,299        +     285
Deferred availability cash items                    (782)        7,170        -     125        +     216
Other liabilities and accrued dividends (7)                      4,433        -     325        +     405
                TOTAL LIABILITIES                   (782)      570,575        -   5,328        +  35,121
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  6,877        +       7        +     584
Surplus                                                          2,679                0        -   3,273
Other capital accounts                                             977        -       9        +     125

*Figures in parentheses are the eliminations made in the consolidation process.
1  Cash value of agreements arranged through third-party custodial banks.
2  Face value of the securities.
3  Includes $      4,254 million of inflation-indexed securities valued at the original face amount and 
   $        259 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 
   $         78 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     18,358 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      3,385 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,      July 19, 2000
Holdings of securities include securitites held under repurchase agreements, which are classified according 
to remaining maturity.

Millions of dollars
                                    U.S. government         Federal agency                      Reverse
                     Loans          securities (1,2)        obligations(2)        Repurchase   Repurchase
                                              Weekly                  Weekly      Agreements   Agreements
                                  Holdings    changes      Holdings    changes    Triparty(3)  Triparty(3)
Within 15 days             610       20,814   +   7,009            0           0       10,015           0
16 to 90 days               27      107,367   -   2,512           10           0        3,995           0
91 days to 1 year            0      129,393   -   6,169            0           0     ------      ------
Over 1 to 5 years                   126,927   +   1,521           10           0     ------      ------
Over 5 to 10 years                   53,439           0          120           0     ------      ------
Over 10 years                        69,153   +     500            0           0     ------      ------
                   		 	
Total                      637      507,093   +     350          140           0       14,010           0

1  Includes $      5,792 million of inflation-indexed securities valued at the original face amount and 
   $        338 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      July 19, 2000
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
         ASSETS                        
Gold certificate account                      11,046        535      4,428        414        520        750        802      1,064        359        158        340        514      1,162
Special drawing rights certif. acct.           4,200        219      1,668        158        199        280        317        405        135         58        126        187        448
Coin                                             688         20         58         50         45         90         90         85         39         26         55         63         66
                       
Loans                                            637          0         16          0          0          1         92        129         95        156         77         18         54
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          14,010          0     14,010          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)      
  Bought outright                                140          8         54          6          8          8          9         17          5          1          5          4         15
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
U.S. government securities(2)         
  Bought outright--Bills                     192,174     11,032     74,179      8,004     10,754     11,281     12,792     22,987      7,300        809      6,404      5,686     20,945
                   Notes (3)                 227,613     13,067     87,859      9,480     12,737     13,361     15,151     27,226      8,646        958      7,585      6,735     24,807
                   Bonds (4)                  87,305      5,012     33,700      3,636      4,886      5,125      5,811     10,443      3,316        368      2,909      2,583      9,515
     Total bought outright(5)                507,093     29,111    195,739     21,121     28,377     29,768     33,753     60,656     19,263      2,135     16,899     15,004     55,268
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             507,093     29,111    195,739     21,121     28,377     29,768     33,753     60,656     19,263      2,135     16,899     15,004     55,268
       Total loans and securities            521,879     29,119    209,819     21,126     28,385     29,776     33,855     60,802     19,363      2,291     16,980     15,026     55,337
                       
Items in process of collection                 8,786        472      1,199        354        356        647        618        577        356        780        628        492      2,307
Bank premises                                  1,413         94        164         50        157        124        201        105         33        127         50        145        165
Other assets(5)                               33,878      1,609     11,298      1,218      1,985      5,160      2,208      3,270      1,009        676        976      1,133      3,337
Interdistrict settlement account                   0    + 1,228    +13,491    -   473    + 1,100    -     8    + 1,386    - 5,291    - 1,141    -   989    - 1,482    - 5,015    - 2,806
          TOTAL ASSETS                       581,891     33,296    242,124     22,897     32,746     36,819     39,477     61,017     20,153      3,127     17,673     12,544     60,016

1  Cash value of agreements arranged through third-party custodial banks.  These agreements are collateralized 
   by U.S. government and federal agency securities.
2  Face value of the securities.
3  Includes $      4,254 million of inflation-indexed securities valued at the original face amount and  $        259 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  $         78 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     18,358 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      3,385 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      July 19, 2000
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
       LIABILITIES                         
Federal Reserve notes                         541,028     31,324    228,921     21,734     30,826     31,956     36,451     57,567     18,998      1,368     16,312     11,145     54,425
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      11,649        673      2,062        315        648      1,466      1,067      1,397        423        657        569        620      1,754
  U.S. Treasury--general account                5,922          0      5,922          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      148          1        124          1          2          8          2          3          1          1          1          1          3
  Other                                           225          2        139          0          4         68          1          7          0          0          2          1          0
    Total deposits                             17,945        676      8,248        316        654      1,542      1,070      1,407        424        658        572        621      1,757
Deferred credit items                           7,953        592        961        314        336        617        881        593        294        564        345        250      2,205
Other liabilities and accrued                 
  dividends (2)                                 4,433        263      1,524        200        252        299        330        506        185         66        171        181        455
    TOTAL LIABILITIES                         571,357     32,856    239,654     22,564     32,068     34,415     38,731     60,073     19,901      2,657     17,399     12,198     58,843
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 6,877        288      1,499        212        453      1,677        488        606        161        335        179        231        749
Surplus                                         2,679        120        552         83        185        705        192        241         66         98         75         88        275
Other capital accounts                            977         32        418         38         40         23         66         97         26         38         20         28        150
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              581,891     33,296    242,124     22,897     32,746     36,819     39,477     61,017     20,153      3,127     17,673     12,544     60,016
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        771,075     38,469    309,614     31,613     37,673     50,360     60,371     71,193     24,210     10,168     22,365     33,897     81,142
  Less--Held by F.R. Banks                    230,047      7,144     80,693      9,879      6,847     18,403     23,919     13,626      5,212      8,801      6,054     22,752     26,716
  F.R. notes, net                             541,028     31,324    228,921     21,734     30,826     31,956     36,451     57,567     18,998      1,368     16,312     11,145     54,425
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        4,200
   Other eligible assets                        4,539
   U.S. govt. and agency securities(3)        521,243
     Total collateral                         541,028

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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