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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 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     Sep 27, 2000 Sep 20, 2000 Sep 29, 1999 Sep 27, 2000

Reserve Bank Credit                                         558,798    -   3,402    +  21,412      561,563
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    511,153    +   2,140    +  21,187      512,472
    Held under repurchase agreements                              0            0    -   2,871            0
  Federal agency obligations (1)                                                   
    Bought outright                                             130            0    -     108          130
    Held under repurchase agreements                              0            0    -   9,728            0
  Repurchase agreements -- triparty (4)                      11,425    -   5,861    +  11,425       12,170
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            18    -     117    -      83            7
    Seasonal credit                                             398    +      14    +      94          407
    Extended credit                                               0            0            0            0
   Float                                                        683    -     286    +     484          648
   Other F.R. assets                                         34,991    +     707    +   1,012       35,728
Gold stock                                                   11,046            0    -       2       11,046
Special drawing rights certificate account                    3,200    -     143    -   4,000        3,200
Treasury currency outstanding                                30,395    +      14    +   2,968       30,395
        Total factors supplying reserve funds               603,439    -   3,531    +  20,378      606,204
                                                                   
Currency in circulation*                                    567,984    -   1,338    +  25,417      569,307
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         177    +      13    +      84          184
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    7,357    -   1,217    -      46        7,986
  Foreign                                                        77    -       9    -     141           75
  Service-related balances and adjustments (5)                6,897    +     424    -     426        6,897
  Other                                                         242    +      43    +      19          189
Other F.R. liabilities and capital                           15,333    +      72    -   3,273       15,034
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             598,067    -   2,012    +  21,633      599,671

Reserve balances with F.R. Banks  (6)                         5,372    -   1,519    -   1,255        6,533
                                                                
On September 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 $    698,460 million, a change of $  -   8,555 million for the week. The total includes
$    602,815 million of U.S. government securities and $     95,645 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 $     16,393 million (daily average over statement week) and $     15,594 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     16,393 million (daily average)
   and $     15,594 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        388 million (daily average) and $        116 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 
   $        430 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 $      6,299 million and adjustments of $        598 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 27, 2000     Sep 20, 2000     Sep 29, 1999
                ASSETS
Gold certificate account                                        11,046                0        -       2
Special drawing rights certificate account                       3,200                0        -   4,000
Coin                                                               790        +      25        +     503
Loans                                                              414        -     886        -       4
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           12,170        -   7,715        +  12,170
Federal agency obligations (2)          
  Bought outright                                                  130                0        -     108
  Held under repurchase agreements                                   0                0        -  11,183
U.S. government securities (2)           
  Bought outright--Bills                                       185,416        +   1,384        -  13,749
                   Notes (3)                                   235,724        +     468        +  23,923
                   Bonds (4)                                    91,332        +     185        +  11,279
    Total bought outright (5)                                  512,472        +   2,038        +  21,453
  Held under repurchase agreements (1)                               0                0        -   5,220
     Total U.S. government securities                          512,472        +   2,038        +  16,233
       Total loans and securities                              525,186        -   6,564        +  17,108
                          
Items in process of collection                      (758)        7,072        -     791        +      94
Bank premises                                                    1,425        +       3        +      88
Other assets (6)                                                34,403        +   1,126        +   1,394
                TOTAL ASSETS                        (758)      583,123        -   6,200        +  15,186
                          
                LIABILITIES
Federal Reserve notes                                          539,886        -      88        +  22,687
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       13,027        -   6,314        -   3,969
  U.S. Treasury--general account                                 7,986        +     573        -     246
  Foreign--official accounts                                        75        +       9        -     116
    Other                                             (0)          189        -       3        -       2
      Total deposits                                  (0)       21,276        -   5,736        -   4,333
Deferred availability cash items                    (758)        6,927        -     407        +     284
Other liabilities and accrued dividends (7)                      4,338        +      10        -     674
                TOTAL LIABILITIES                   (758)      572,427        -   6,221        +  17,963
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  6,949        +      14        +     620
Surplus                                                          2,679                0        -   3,273
Other capital accounts                                           1,067        +       7        -     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 $      4,857 million of inflation-indexed securities valued at the original face amount and 
   $        340 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 
   $         91 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     15,594 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $        116 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 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             365       19,796   +   2,658            0           0        8,220           0
16 to 90 days               49      107,557   -   1,460            0           0        3,950           0
91 days to 1 year            0      128,442   +     186            0           0     ------      ------
Over 1 to 5 years                   131,987   +     650           30           0     ------      ------
Over 5 to 10 years                   53,527   +       2          100           0     ------      ------
Over 10 years                        71,162           0            0           0     ------      ------
                   		 	
Total                      414      512,472   +   2,038          130           0       12,170           0

1  Includes $      6,395 million of inflation-indexed securities valued at the original face amount and 
   $        430 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 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.           3,200        167      1,271        120        151        213        242        309        103         44         96        143        341
Coin                                             790         21         67         48         50        101        106         99         44         25         57         65        107
                       
Loans                                            414          0          0          2          0          0         16         91         89        103         88         13         13
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          12,170          0     12,170          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                     185,416     10,644     71,571      7,723     10,376     10,884     12,342     22,179      7,043        781      6,179      5,486     20,208
                   Notes (3)                 235,724     13,533     90,990      9,818     13,191     13,838     15,690     28,196      8,954        992      7,855      6,975     25,691
                   Bonds (4)                  91,332      5,243     35,254      3,804      5,111      5,361      6,079     10,925      3,469        384      3,044      2,702      9,954
     Total bought outright(5)                512,472     29,420    197,815     21,345     28,678     30,083     34,111     61,299     19,467      2,157     17,078     15,163     55,854
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             512,472     29,420    197,815     21,345     28,678     30,083     34,111     61,299     19,467      2,157     17,078     15,163     55,854
       Total loans and securities            525,186     29,428    210,035     21,352     28,686     30,091     34,136     61,406     19,562      2,261     17,170     15,179     55,881
                       
Items in process of collection                 7,830        368        961        347        273        625        830        613        329        549        469        426      2,041
Bank premises                                  1,425         93        166         49        156        125        219        104         33        126         49        138        165
Other assets(5)                               34,403      1,643     11,552      1,245      2,019      5,222      2,248      3,334      1,017        684        995      1,050      3,395
Interdistrict settlement account                   0    +   524    +17,052    -   885    +   959    -   405    + 1,989    - 5,945    - 1,307    - 1,073    - 1,334    - 5,290    - 4,287
          TOTAL ASSETS                       583,881     32,778    245,532     22,690     32,814     36,722     40,573     60,985     20,139      2,775     17,842     12,225     58,806

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  $        340 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  $         91 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     15,594 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $        116 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 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                         539,886     30,716    230,560     21,291     30,655     32,333     37,602     56,888     19,039      1,139     16,273     10,805     52,586
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      13,027        678      1,997        558        817      1,005        926      2,073        501        600        755        688      2,428
  U.S. Treasury--general account                7,986          0      7,986          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                                           189          0        140          1          4         32          0          4          1          0          4          1          1
    Total deposits                             21,276        680     10,173        559        823      1,046        928      2,080        502        602        760        690      2,432
Deferred credit items                           7,685        525        869        315        365        611        961        569        196        477        371        282      2,145
Other liabilities and accrued                 
  dividends (2)                                 4,338        259      1,475        194        249        314        331        491        181         70        169        158        448
    TOTAL LIABILITIES                         573,185     32,179    243,077     22,358     32,092     34,304     39,822     60,027     19,918      2,288     17,574     11,935     57,613
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 6,949        368      1,492        212        480      1,680        491        613        136        357        175        187        757
Surplus                                         2,679        120        552         83        185        705        192        241         66         98         75         88        275
Other capital accounts                          1,067        110        411         37         57         33         69        104         19         32         19         16        160
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              583,881     32,778    245,532     22,690     32,814     36,722     40,573     60,985     20,139      2,775     17,842     12,225     58,806
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        765,043     37,442    306,056     31,895     37,359     52,506     61,648     70,267     23,858      9,881     21,851     33,161     79,120
  Less--Held by F.R. Banks                    225,157      6,727     75,496     10,605      6,704     20,173     24,046     13,379      4,819      8,742      5,578     22,356     26,533
  F.R. notes, net                             539,886     30,716    230,560     21,291     30,655     32,333     37,602     56,888     19,039      1,139     16,273     10,805     52,586
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        3,200
   Other eligible assets                          869
   U.S. govt. and agency securities(3)        524,772
     Total collateral                         539,886

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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