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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
                                                                                              April 6, 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      Apr 5, 2000 Mar 29, 2000  Apr 7, 1999  Apr 5, 2000

Reserve Bank Credit                                         558,850    +   4,893    +  47,798      558,660
  U.S. government securities (1)
    Bought outright-system account (2,3)                    501,789    +      85    +  35,008      501,298
    Held under repurchase agreements                              0            0    -   9,002            0
  Federal agency obligations (1)
    Bought outright                                             150            0    -     161          150
    Held under repurchase agreements                              0            0    -   2,212            0
  Repurchase agreements -- triparty (4)                      22,121    +   4,215    +  22,121       21,555
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                           146    +      83    -      22          455
    Seasonal credit                                              88    +       6    +      61          103
    Special Liquidity Facility                                    0            0            0            0
    Extended credit                                               0            0            0            0
   Float                                                        268    -      33    +     255          580
   Other F.R. assets                                         34,288    +     537    +   1,750       34,520
Gold stock                                                   11,048            0    -       3       11,048
Special drawing rights certificate account                    6,200            0    -   2,000        6,200
Treasury currency outstanding                                28,408    +      14    +   1,746       28,408
        Total factors supplying reserve funds               604,507    +   4,908    +  47,543      604,316

Currency in circulation*                                    563,551    +   1,124    +  45,168      565,265
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         178    +       8    +      43          197
Deposits,other than reserve balances,with F.R.Banks
  Treasury                                                    5,057    -      10    -     587        6,440
  Foreign                                                       102    -      15    -     143           96
  Service-related balances and adjustments (5)                7,065    +     158    +     429        7,065
  Other                                                         225    +      43    -      86          275
Other F.R. liabilities and capital                           19,655    +     549    +   2,467       19,409
        Total factors, other than reserve balances,
        absorbing reserve funds                             595,834    +   1,859    +  47,292      598,747

Reserve balances with F.R. Banks  (6)                         8,673    +   3,049    +     251        5,570

On      April 5, 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 $    726,704 million, a change of $  +  11,218 million for the week. The total includes
$    640,672 million of U.S. government securities and $     86,032 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 $     18,384 million (daily average over statement week) and $     18,879 million (outstanding on
   Wednesday statement date) matched sale-purchase transactions, of which $     18,384 million (daily average)
   and $     18,879 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        329 million (daily average) and $        640 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
   $        251 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 $      6,614 million and adjustments of $        451 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
                                                            Apr 5, 2000     Mar 29, 2000      Apr 7, 1999
                ASSETS
Gold certificate account                                        11,048                0        -       3
Special drawing rights certificate account                       6,200                0        -   2,000
Coin                                                               473        +      17        +      49
Loans                                                              558        +     434        -     500
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           21,555        +   3,135        +  21,555
Federal agency obligations (2)
  Bought outright                                                  150                0        -     161
  Held under repurchase agreements                                   0                0        -   2,096
U.S. government securities (2)
  Bought outright--Bills                                       196,622        -   1,471        -   1,136
                   Notes (3)                                   219,086        +       4        +  23,661
                   Bonds (4)                                    85,589        +       1        +  11,534
    Total bought outright (5)                                  501,298        -   1,464        +  34,061
  Held under repurchase agreements (1)                               0                0        -   8,910
     Total U.S. government securities                          501,298        -   1,464        +  25,151
       Total loans and securities                              523,560        +   2,104        +  43,949

Items in process of collection                      (647)        8,807        +   2,573        +     504
Bank premises                                                    1,388        +       4        +      84
Other assets (6)                                                33,125        +     449        +   1,715
                TOTAL ASSETS                        (647)      584,603        +   5,149        +  44,300

                LIABILITIES
Federal Reserve notes                                          537,527        +   1,626        +  43,072
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits
  Depository institutions                                       12,653        -     118        -   2,315
  U.S. Treasury--general account                                 6,440        +   1,152        +   1,002
  Foreign--official accounts                                        96        +      16        -      87
    Other                                             (0)          275        +      94        -      29
      Total deposits                                  (0)       19,463        +   1,144        -   1,430
Deferred availability cash items                    (647)        8,203        +   1,790        +     382
Other liabilities and accrued dividends (7)                      4,855        +      22        +     476
                TOTAL LIABILITIES                   (647)      570,049        +   4,582        +  42,502

                CAPITAL ACCOUNTS
Capital paid in                                                  6,745        +      39        +     622
Surplus                                                          6,431                0        +     479
Other capital accounts                                           1,378        +     529        +     697

*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
   $        196 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
   $         55 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
5  Net of $     18,879 million matched sale-purchase transactions outstanding at the end of the latest
   statement week.  Includes securities loans of $        640 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,      April 5, 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             478       11,710   -   8,443           10           0        8,505           0
16 to 90 days               79      108,743   +   5,237            0           0       13,050           0
91 days to 1 year            0      138,106   +   3,255           10           0     ------      ------
Over 1 to 5 years                   123,170   -   1,519           10           0     ------      ------
Over 5 to 10 years                   51,441   +       4          120           0     ------      ------
Over 10 years                        68,128   +       2            0           0     ------      ------
                   		 	
Total                      558      501,298   -   1,464          150           0       21,555           0

1  Includes $      5,792 million of inflation-indexed securities valued at the original face amount and
   $        251 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      April 5, 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                      11,048        533      4,435        319        566        834        724        993        337        140        313        575      1,279
Special drawing rights certif. acct.           6,200        307      2,431        187        299        516        450        549        175         78        175        341        692
Coin                                             473         16         33         18         22         56         49         56         27         29         37         58         73

Loans                                            558          6        295          0          0         21          3        157         28         18         21          0          9
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          21,555          0     21,555          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)
  Bought outright                                150          8         60          4          9         11          9         14          5          2          4          7         16
  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                     196,622     10,168     78,304      5,889     11,381     14,792     11,968     18,467      6,468      2,352      5,896      9,797     21,140
                   Notes (3)                 219,086     11,330     87,250      6,562     12,682     16,482     13,336     20,577      7,207      2,620      6,570     10,916     23,555
                   Bonds (4)                  85,589      4,426     34,085      2,564      4,954      6,439      5,210      8,039      2,815      1,024      2,567      4,265      9,202
     Total bought outright(5)                501,298     25,924    199,639     15,015     29,017     37,713     30,514     47,082     16,490      5,995     15,033     24,978     53,898
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             501,298     25,924    199,639     15,015     29,017     37,713     30,514     47,082     16,490      5,995     15,033     24,978     53,898
       Total loans and securities            523,560     25,937    221,549     15,019     29,026     37,744     30,526     47,253     16,523      6,015     15,058     24,986     53,923

Items in process of collection                 9,454        570      1,209        373        395        816        991        625        345        533        555        454      2,587
Bank premises                                  1,388         94        164         50        157        124        174        106         33        127         50        145        165
Other assets(5)                               33,125      1,488     11,158      1,030      1,999      5,403      2,097      2,817        894        791        906      1,299      3,243
Interdistrict settlement account                   0    + 4,610    -   562    + 4,654    +   700    - 9,376    + 4,703    +12,071    + 2,454    - 4,471    +   748    -14,898    -   633
          TOTAL ASSETS                       585,250     33,554    240,417     21,651     33,165     36,116     39,715     64,469     20,788      3,243     17,842     12,959     61,329

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  $        196 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  $         55 million
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     18,879 million matched sale-purchase transactions outstanding at the end of the latest statement week.
   Includes securities loans of $        640 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      April 5, 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                         537,527     31,513    225,268     20,326     30,526     30,161     36,242     60,416     19,341      1,655     16,352     10,715     55,012
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits
  Depository institutions                      12,653        607      2,291        378        988      1,299      1,077      1,593        657        452        536      1,113      1,662
  U.S. Treasury--general account                6,440          0      6,440          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       96          1         72          1          2          8          2          3          1          1          1          1          3
  Other                                           275          0        138          0          7        120          2          1          0          0          4          1          1
    Total deposits                             19,463        609      8,941        380        997      1,427      1,082      1,596        658        453        540      1,114      1,666
Deferred credit items                           8,850        539      1,143        339        403        583      1,023        691        256        485        384        403      2,601
Other liabilities and accrued
  dividends (2)                                 4,855        264      1,726        173        288        400        338        461        182        100        175        248        501
    TOTAL LIABILITIES                         570,696     32,924    237,077     21,217     32,215     32,571     38,684     63,165     20,437      2,694     17,452     12,481     59,780

       CAPITAL ACCOUNTS
Capital paid in                                 6,745        289      1,492        202        443      1,675        481        615        160        271        180        217        720
Surplus                                         6,431        289      1,325        199        444      1,691        460        578        158        235        179        211        660
Other capital accounts                          1,378         53        523         32         63        179         90        110         33         44         31         51        168
     TOTAL LIABILITIES AND CAPITAL
        ACCOUNTS                              585,250     33,554    240,417     21,651     33,165     36,116     39,715     64,469     20,788      3,243     17,842     12,959     61,329

FEDERAL RESERVE AGENTS' ACCOUNTS

F.R. notes outstanding                        787,866     40,698    315,355     29,861     38,992     51,521     60,088     75,076     25,180     10,649     23,351     34,709     82,387
  Less--Held by F.R. Banks                    250,339      9,185     90,087      9,535      8,466     21,361     23,846     14,660      5,839      8,994      6,999     23,994     27,375
  F.R. notes, net                             537,527     31,513    225,268     20,326     30,526     30,161     36,242     60,416     19,341      1,655     16,352     10,715     55,012
Collateral held against F.R. notes
   Gold certificate account                    11,048
   Special drawing rights
     certificate account                        6,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        520,279
     Total collateral                         537,527

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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