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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
                                                                                         September 14, 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     Sep 13, 2000  Sep 6, 2000 Sep 15, 1999 Sep 13, 2000

Reserve Bank Credit                                         559,373    -   3,508    +  24,757      559,830
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    512,218    +   1,095    +  21,569      510,829
    Held under repurchase agreements                              0            0    -   1,268            0
  Federal agency obligations (1)                                                   
    Bought outright                                             136    -       4    -     102          130
    Held under repurchase agreements                              0            0    -   8,224            0
  Repurchase agreements -- triparty (4)                      11,205    -   6,459    +  11,205       11,840
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                             4    -      32    -      19            8
    Seasonal credit                                             422    -     109    +     154          387
    Extended credit                                               0            0            0            0
   Float                                                      1,428    +   1,437    +     480        2,475
   Other F.R. assets                                         33,959    +     563    +     961       34,161
Gold stock                                                   11,046            0            0       11,046
Special drawing rights certificate account                    4,200            0    -   3,857        4,200
Treasury currency outstanding                                30,119    +      14    +   2,752       30,119
        Total factors supplying reserve funds               604,737    -   3,494    +  23,651      605,194
                                                                   
Currency in circulation*                                    571,534    -     659    +  28,908      571,252
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         167    +       1    +      80          162
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,627    -     967    -     853        5,348
  Foreign                                                        80    +       6    -     149           74
  Service-related balances and adjustments (5)                6,589    -     204    -     530        6,589
  Other                                                         237    -      11    -      32          188
Other F.R. liabilities and capital                           15,278    +     122    -   2,967       14,949
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             598,512    -   1,711    +  24,457      598,561

Reserve balances with F.R. Banks  (6)                         6,225    -   1,783    -     806        6,633
                                                                
On September 13, 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 $    712,875 million, a change of $  -   1,449 million for the week. The total includes
$    616,840 million of U.S. government securities and $     96,036 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 $     16,566 million (daily average over statement week) and $     18,094 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     16,566 million (daily average)
   and $     18,094 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        124 million (daily average) and $        566 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 
   $        425 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 $      6,260 million and adjustments of $        329 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
                                                           Sep 13, 2000      Sep 6, 2000     Sep 15, 1999
                ASSETS
Gold certificate account                                        11,046                0                0
Special drawing rights certificate account                       4,200                0        -   3,000
Coin                                                               735        +       6        +     452
Loans                                                              395        -     238        +      89
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           11,840        -   4,840        +  11,840
Federal agency obligations (2)          
  Bought outright                                                  130        -      10        -     108
  Held under repurchase agreements                                   0                0        -  13,040
U.S. government securities (2)           
  Bought outright--Bills                                       186,477        -   2,518        -  12,806
                   Notes (3)                                   233,651        +     879        +  21,856
                   Bonds (4)                                    90,700        +      21        +  10,649
    Total bought outright (5)                                  510,829        -   1,618        +  19,700
  Held under repurchase agreements (1)                               0                0        -   1,335
     Total U.S. government securities                          510,829        -   1,618        +  18,365
       Total loans and securities                              523,193        -   6,706        +  17,145
                          
Items in process of collection                      (855)        9,980        -   1,537        +   1,581
Bank premises                                                    1,420        +       1        +      87
Other assets (6)                                                32,801        +     434        +     871
                TOTAL ASSETS                        (855)      583,375        -   7,803        +  17,137
                          
                LIABILITIES
Federal Reserve notes                                          542,030        -   2,312        +  25,514
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       12,871        -   4,379        -     578
  U.S. Treasury--general account                                 5,348        +     989        -   4,780
  Foreign--official accounts                                        74        -       1        -     168
    Other                                             (0)          188        -      59        -      68
      Total deposits                                  (0)       18,480        -   3,452        -   5,595
Deferred availability cash items                    (855)        7,916        -   2,060        +     377
Other liabilities and accrued dividends (7)                      4,369        -      58        -     291
                TOTAL LIABILITIES                   (855)      572,794        -   7,883        +  20,004
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  6,920        +      46        +     608
Surplus                                                          2,679                0        -   3,273
Other capital accounts                                             982        +      34        -     202

*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 
   $        335 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 
   $         89 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     18,094 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $        566 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, September 13, 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              82       18,333   +   2,874            0   -      10        7,890           0
16 to 90 days              313      110,937   -     816            0           0        3,950           0
91 days to 1 year            0      126,872   -   4,575            0           0     ------      ------
Over 1 to 5 years                   130,499   +     898           30   +      20     ------      ------
Over 5 to 10 years                   53,075   +       1          100   -      20     ------      ------
Over 10 years                        71,113   +       1            0           0     ------      ------
                   		 	
Total                      395      510,829   -   1,618          130   -      10       11,840           0

1  Includes $      6,395 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.
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 September 13, 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                                             735         16         62         47         48         98        100         92         40         23         51         69         89
                       
Loans                                            395          0          0          6          0          0         16         85         77        109         78         16          8
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          11,840          0     11,840          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                     186,477     10,705     71,981      7,767     10,435     10,947     12,412     22,305      7,084        785      6,214      5,517     20,324
                   Notes (3)                 233,651     13,414     90,190      9,732     13,075     13,716     15,552     27,948      8,876        984      7,786      6,913     25,465
                   Bonds (4)                  90,700      5,207     35,011      3,778      5,076      5,324      6,037     10,849      3,445        382      3,023      2,684      9,885
     Total bought outright(5)                510,829     29,326    197,181     21,276     28,587     29,987     34,002     61,103     19,405      2,150     17,023     15,114     55,675
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             510,829     29,326    197,181     21,276     28,587     29,987     34,002     61,103     19,405      2,150     17,023     15,114     55,675
       Total loans and securities            523,193     29,333    209,071     21,287     28,594     29,994     34,027     61,203     19,487      2,260     17,105     15,134     55,697
                       
Items in process of collection                10,835        604      1,303        608        376        861      1,121        678        358        732        654        786      2,754
Bank premises                                  1,420         93        163         49        156        124        218        105         33        126         49        138        165
Other assets(5)                               32,801      1,556     11,023      1,185      1,919      4,996      2,147      3,184        964        655        946      1,002      3,224
Interdistrict settlement account                   0    +   838    +16,223    - 1,166    + 1,218    +   779    +   964    - 5,600    -   871    - 1,246    - 1,549    - 5,298    - 4,294
          TOTAL ASSETS                       584,231     33,194    243,942     22,582     33,030     37,883     39,695     61,132     20,506      2,767     17,722     12,532     59,245

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  $        335 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  $         89 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     18,094 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $        566 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 September 13, 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                         542,030     31,216    231,168     21,319     30,936     32,404     36,966     57,389     19,150      1,188     16,397     10,845     53,053
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      12,871        609      2,334        372        748      1,860        761      1,630        704        510        457        860      2,026
  U.S. Treasury--general account                5,348          0      5,348          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       74          1         50          1          2          8          2          3          1          1          1          1          3
  Other                                           188          0        134          1          4         40          0          6          0          0          1          1          1
    Total deposits                             18,480        611      7,865        374        754      1,908        763      1,638        705        511        459        862      2,030
Deferred credit items                           8,771        553      1,016        362        377        841        881        649        245        515        426        375      2,532
Other liabilities and accrued                 
  dividends (2)                                 4,369        256      1,488        196        255        308        334        496        182         69        172        160        452
    TOTAL LIABILITIES                         573,650     32,637    241,537     22,250     32,321     35,461     38,946     60,172     20,282      2,283     17,453     12,242     58,067
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 6,920        367      1,487        212        468      1,680        490        613        135        357        175        187        749
Surplus                                         2,679        120        552         83        185        705        192        241         66         98         75         88        275
Other capital accounts                            982         70        367         37         56         37         68        106         23         30         20         16        154
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              584,231     33,194    243,942     22,582     33,030     37,883     39,695     61,132     20,506      2,767     17,722     12,532     59,245
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        765,862     37,828    307,432     31,604     37,575     51,859     60,843     70,415     23,985      9,905     21,938     33,175     79,302
  Less--Held by F.R. Banks                    223,832      6,612     76,264     10,285      6,640     19,455     23,876     13,027      4,835      8,718      5,541     22,331     26,249
  F.R. notes, net                             542,030     31,216    231,168     21,319     30,936     32,404     36,966     57,389     19,150      1,188     16,397     10,845     53,053
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        4,200
   Other eligible assets                        3,985
   U.S. govt. and agency securities(3)        522,799
     Total collateral                         542,030

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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