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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 21, 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 20, 2000 Sep 13, 2000 Sep 22, 1999 Sep 20, 2000

Reserve Bank Credit                                         562,174    +   2,802    +  23,754      566,432
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    509,013    -   3,205    +  18,007      510,434
    Held under repurchase agreements                              0            0    -   1,938            0
  Federal agency obligations (1)                                                   
    Bought outright                                             130    -       6    -     108          130
    Held under repurchase agreements                              0            0    -  11,155            0
  Repurchase agreements -- triparty (4)                      17,286    +   6,081    +  17,286       19,885
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                           135    +     131    +      63          908
    Seasonal credit                                             384    -      38    +     101          392
    Extended credit                                               0            0            0            0
   Float                                                        943    -     485    +     790           91
   Other F.R. assets                                         34,284    +     325    +     709       34,591
Gold stock                                                   11,046            0            0       11,046
Special drawing rights certificate account                    3,343    -     857    -   3,857        3,200
Treasury currency outstanding                                30,381    +      14    +   2,984       30,381
        Total factors supplying reserve funds               606,944    +   1,959    +  22,881      611,058
                                                                   
Currency in circulation*                                    569,322    -   2,461    +  26,744      569,415
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         164    -       3    +      78          175
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    8,574    +   3,947    +   1,062        7,413
  Foreign                                                        86    +       6    -     179           66
  Service-related balances and adjustments (5)                6,473    -     116    -     451        6,473
  Other                                                         199    -      38    -      49          192
Other F.R. liabilities and capital                           15,261    -      17    -   3,340       15,003
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             600,079    +   1,319    +  23,865      598,737

Reserve balances with F.R. Banks  (6)                         6,865    +     641    -     984       12,321
                                                                
On September 20, 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 $    707,015 million, a change of $  -   5,860 million for the week. The total includes
$    610,523 million of U.S. government securities and $     96,492 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 $     17,571 million (daily average over statement week) and $     16,870 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     17,571 million (daily average)
   and $     16,870 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        220 million (daily average) and $        839 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 
   $        427 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 $      6,259 million and adjustments of $        215 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 20, 2000     Sep 13, 2000     Sep 22, 1999
                ASSETS
Gold certificate account                                        11,046                0        -       2
Special drawing rights certificate account                       3,200        -   1,000        -   4,000
Coin                                                               765        +      30        +     481
Loans                                                            1,300        +     905        +     882
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           19,885        +   8,045        +  19,885
Federal agency obligations (2)          
  Bought outright                                                  130                0        -     108
  Held under repurchase agreements                                   0                0        -  14,877
U.S. government securities (2)           
  Bought outright--Bills                                       184,032        -   2,445        -  15,172
                   Notes (3)                                   235,256        +   1,605        +  23,458
                   Bonds (4)                                    91,147        +     447        +  11,095
    Total bought outright (5)                                  510,434        -     395        +  19,380
  Held under repurchase agreements (1)                               0                0        -   4,893
     Total U.S. government securities                          510,434        -     395        +  14,488
       Total loans and securities                              531,750        +   8,557        +  20,270
                          
Items in process of collection                      (764)        7,863        -   2,117        +     971
Bank premises                                                    1,422        +       2        +      88
Other assets (6)                                                33,277        +     476        +     686
                TOTAL ASSETS                        (764)      589,323        +   5,948        +  18,496
                          
                LIABILITIES
Federal Reserve notes                                          539,974        -   2,056        +  23,775
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       19,341        +   6,470        -   1,499
  U.S. Treasury--general account                                 7,413        +   2,065        -     308
  Foreign--official accounts                                        66        -       8        -      95
    Other                                             (0)          192        +       4        -      52
      Total deposits                                  (0)       27,012        +   8,532        -   1,954
Deferred availability cash items                    (764)        7,334        -     582        +     224
Other liabilities and accrued dividends (7)                      4,328        -      41        -     740
                TOTAL LIABILITIES                   (764)      578,648        +   5,854        +  21,305
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  6,935        +      15        +     617
Surplus                                                          2,679                0        -   3,273
Other capital accounts                                           1,060        +      78        -     155

*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 
   $        338 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 
   $         90 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     16,870 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $        839 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 20, 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           1,255       17,138   -   1,195            0           0       13,990           0
16 to 90 days               46      109,017   -   1,920            0           0        5,895           0
91 days to 1 year            0      128,256   +   1,384            0           0     ------      ------
Over 1 to 5 years                   131,337   +     838           30           0     ------      ------
Over 5 to 10 years                   53,525   +     450          100           0     ------      ------
Over 10 years                        71,162   +      49            0           0     ------      ------
                   		 	
Total                    1,300      510,434   -     395          130           0       19,885           0

1  Includes $      6,395 million of inflation-indexed securities valued at the original face amount and 
   $        427 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 20, 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                                             765         20         68         48         50        100        101         97         44         24         53         64         97
                       
Loans                                          1,300          0          0          3        475          0        277        216         81        103         87         50          8
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          19,885          0     19,885          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                     184,032     10,565     71,037      7,665     10,299     10,803     12,250     22,013      6,991        775      6,133      5,445     20,057
                   Notes (3)                 235,256     13,506     90,809      9,799     13,165     13,810     15,659     28,140      8,937        990      7,840      6,961     25,640
                   Bonds (4)                  91,147      5,233     35,183      3,796      5,101      5,351      6,067     10,903      3,462        384      3,037      2,697      9,934
     Total bought outright(5)                510,434     29,303    197,029     21,260     28,564     29,964     33,976     61,056     19,390      2,149     17,010     15,103     55,632
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             510,434     29,303    197,029     21,260     28,564     29,964     33,976     61,056     19,390      2,149     17,010     15,103     55,632
       Total loans and securities            531,750     29,311    216,964     21,268     29,047     29,971     34,262     61,287     19,476      2,253     17,101     15,157     55,654
                       
Items in process of collection                 8,627        521        918        486        338        730        964        523        294        502        535        498      2,318
Bank premises                                  1,422         94        163         49        156        124        219        105         33        126         49        138        165
Other assets(5)                               33,277      1,590     11,224      1,206      1,945      5,027      2,167      3,218        995        657        960      1,013      3,276
Interdistrict settlement account                   0    + 1,253    +12,291    - 1,075    + 1,315    + 1,428    + 1,290    - 3,626    -   719    - 1,146    - 1,227    - 5,101    - 4,683
          TOTAL ASSETS                       590,087     33,490    247,326     22,517     33,523     38,343     40,047     62,978     20,584      2,618     17,907     12,426     58,330

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  $        338 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  $         90 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     16,870 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $        839 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 20, 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                         539,974     31,042    231,131     21,120     30,830     32,231     36,929     57,155     19,031      1,126     16,282     10,644     52,452
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      19,341      1,075      3,729        452      1,416      2,714      1,178      3,775        923        449        797        982      1,851
  U.S. Treasury--general account                7,413          0      7,413          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       66          1         42          1          2          8          2          3          1          1          1          1          3
  Other                                           192          1        139          1          4         36          1          4          0          0          4          1          2
    Total deposits                             27,012      1,077     11,322        454      1,422      2,757      1,182      3,783        924        450        802        983      1,856
Deferred credit items                           8,099        521        929        415        310        638        860        589        223        486        385        350      2,393
Other liabilities and accrued                 
  dividends (2)                                 4,328        258      1,478        195        250        303        331        492        180         71        169        156        447
    TOTAL LIABILITIES                         579,413     32,899    244,860     22,183     32,811     35,929     39,302     62,019     20,358      2,133     17,638     12,133     57,147
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 6,935        367      1,491        212        469      1,680        490        613        136        357        175        187        757
Surplus                                         2,679        120        552         83        185        705        192        241         66         98         75         88        275
Other capital accounts                          1,060        104        423         38         57         29         63        105         24         31         19         17        151
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              590,087     33,490    247,326     22,517     33,523     38,343     40,047     62,978     20,584      2,618     17,907     12,426     58,330
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        765,300     37,736    307,143     31,668     37,537     52,157     61,018     70,378     23,930      9,879     21,889     33,070     78,895
  Less--Held by F.R. Banks                    225,326      6,694     76,011     10,548      6,707     19,926     24,089     13,222      4,899      8,753      5,607     22,426     26,443
  F.R. notes, net                             539,974     31,042    231,131     21,120     30,830     32,231     36,929     57,155     19,031      1,126     16,282     10,644     52,452
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        3,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        525,728
     Total collateral                         539,974

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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