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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
                                                                                            August 24, 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     Aug 23, 2000 Aug 16, 2000 Aug 25, 1999 Aug 23, 2000

Reserve Bank Credit                                         557,933    -     221    +  30,488      563,308
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    509,767    -     986    +  20,300      510,664
    Held under repurchase agreements                              0            0    -     642            0
  Federal agency obligations (1)                                                   
    Bought outright                                             140            0    -     107          140
    Held under repurchase agreements                              0            0    -   4,527            0
  Repurchase agreements -- triparty (4)                      13,281    +   2,459    +  13,281       18,330
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            14    +       5    -      22            7
    Seasonal credit                                             565    +      26    +     286          580
    Extended credit                                               0            0            0            0
   Float                                                        964    +      60    +     769          148
   Other F.R. assets                                         33,203    -   1,784    +   1,151       33,440
Gold stock                                                   11,046            0    -       1       11,046
Special drawing rights certificate account                    4,200            0    -   4,000        4,200
Treasury currency outstanding                                30,077    +      14    +   2,815       30,077
        Total factors supplying reserve funds               603,256    -     207    +  29,301      608,630
                                                                   
Currency in circulation*                                    568,673    -   1,030    +  32,470      569,194
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         157    +      17    +      74          161
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,824    -     402    -      27        5,150
  Foreign                                                       101    +      21    -      79           71
  Service-related balances and adjustments (5)                6,820    -       5    -     213        6,820
  Other                                                         234    -      21    -      48          203
Other F.R. liabilities and capital                           15,234    -      12    -   2,810       14,947
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             596,043    -   1,432    +  29,367      596,546

Reserve balances with F.R. Banks  (6)                         7,213    +   1,225    -      66       12,084
                                                                
On    August 23, 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 $    713,122 million, a change of $  +     832 million for the week. The total includes
$    619,207 million of U.S. government securities and $     93,915 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 $     16,326 million (daily average over statement week) and $     16,020 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     16,326 million (daily average)
   and $     16,020 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,511 million (daily average) and $        550 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 
   $        408 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 $      6,157 million and adjustments of $        663 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
                                                           Aug 23, 2000     Aug 16, 2000     Aug 25, 1999
                ASSETS
Gold certificate account                                        11,046                0                0
Special drawing rights certificate account                       4,200                0        -   4,000
Coin                                                               779        +      24        +     477
Loans                                                              587        +      30        +     266
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           18,330        +   8,310        +  18,330
Federal agency obligations (2)          
  Bought outright                                                  140                0        -      98
  Held under repurchase agreements                                   0                0        -   8,250
U.S. government securities (2)           
  Bought outright--Bills                                       188,209        -   3,119        -  11,009
                   Notes (3)                                   232,317        +     553        +  21,488
                   Bonds (4)                                    90,137        +     206        +  10,088
    Total bought outright (5)                                  510,664        -   2,359        +  20,568
  Held under repurchase agreements (1)                               0                0        -   1,195
     Total U.S. government securities                          510,664        -   2,359        +  19,373
       Total loans and securities                              529,720        +   5,979        +  29,619
                          
Items in process of collection                      (734)        6,977        -   1,182        -     153
Bank premises                                                    1,421                0        +      91
Other assets (6)                                                32,009        +     426        +     955
                TOTAL ASSETS                        (734)      586,153        +   5,249        +  26,990
                          
                LIABILITIES
Federal Reserve notes                                          540,058        -   1,209        +  29,628
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       18,999        +   5,761        +     624
  U.S. Treasury--general account                                 5,150        +   1,207        -     251
  Foreign--official accounts                                        71        -      12        -      93
    Other                                            (-1)          203        -      56        -      63
      Total deposits                                 (-1)       24,423        +   6,899        +     217
Deferred availability cash items                    (734)        6,725        -     480        +     132
Other liabilities and accrued dividends (7)                      4,329        -      15        -     229
                TOTAL LIABILITIES                   (734)      575,534        +   5,193        +  29,746
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  6,898        -       6        +     596
Surplus                                                          2,679                0        -   3,273
Other capital accounts                                           1,041        +      60        -      80

*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 
   $        323 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 
   $         85 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     16,020 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $        550 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,    August 23, 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             525       17,924   -   3,226            0           0       12,405           0
16 to 90 days               62      110,223   +   3,013           10           0        5,925           0
91 days to 1 year            0      127,552   -   2,906            0           0     ------      ------
Over 1 to 5 years                   131,289   -       1           10           0     ------      ------
Over 5 to 10 years                   53,065   +     668          120           0     ------      ------
Over 10 years                        70,611   +      92            0           0     ------      ------
                   		 	
Total                      587      510,664   -   2,359          140           0       18,330           0

1  Includes $      6,395 million of inflation-indexed securities valued at the original face amount and 
   $        408 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    August 23, 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                                             779         17         70         52         53        107        102         94         44         25         55         75         88
                       
Loans                                            587          0          0          3          0          0         19        128        110        160        110         19         36
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          18,330          0     18,330          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)      
  Bought outright                                140          8         54          6          8          8          9         17          5          1          5          4         15
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
U.S. government securities(2)         
  Bought outright--Bills                     188,209     10,805     72,649      7,839     10,532     11,048     12,528     22,513      7,150        792      6,272      5,569     20,513
                   Notes (3)                 232,317     13,337     89,675      9,676     13,001     13,638     15,464     27,789      8,825        978      7,742      6,874     25,320
                   Bonds (4)                  90,137      5,175     34,793      3,754      5,044      5,291      6,000     10,782      3,424        379      3,004      2,667      9,824
     Total bought outright(5)                510,664     29,316    197,117     21,269     28,577     29,977     33,991     61,083     19,399      2,150     17,018     15,109     55,657
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             510,664     29,316    197,117     21,269     28,577     29,977     33,991     61,083     19,399      2,150     17,018     15,109     55,657
       Total loans and securities            529,720     29,325    215,501     21,278     28,585     29,985     34,019     61,228     19,514      2,311     17,133     15,133     55,708
                       
Items in process of collection                 7,711        419        904        287        276        533        622        736        373        492        402        491      2,177
Bank premises                                  1,421         94        163         50        156        125        210        105         33        126         49        144        165
Other assets(5)                               32,009      1,519     10,729      1,091      1,884      4,965      2,091      3,077        942        656        924        982      3,149
Interdistrict settlement account                   0    + 1,633    +11,952    -   587    + 1,712    +   896    + 1,659    - 5,042    - 1,202    - 1,008    - 1,219    - 4,790    - 4,003
          TOTAL ASSETS                       586,886     33,760    245,416     22,742     33,385     37,641     39,822     61,666     20,197      2,818     17,809     12,736     58,894

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  $        323 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  $         85 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     16,020 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $        550 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    August 23, 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                         540,058     31,264    229,574     21,452     30,637     32,152     36,870     57,252     19,113      1,202     16,285     10,848     53,410
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      18,999      1,230      5,666        423      1,364      2,240      1,086      2,381        496        687        691      1,078      1,657
  U.S. Treasury--general account                5,150          0      5,150          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       71          1         47          1          2          8          2          3          1          1          1          1          3
  Other                                           202          0        135          0          4         53          0          7          0          0          1          1          1
    Total deposits                             24,422      1,231     10,998        424      1,370      2,300      1,089      2,390        497        688        693      1,079      1,661
Deferred credit items                           7,459        560        871        339        405        476        788        571        181        396        384        289      2,199
Other liabilities and accrued                 
  dividends (2)                                 4,329        257      1,486        194        250        296        327        492        182         68        169        160        447
    TOTAL LIABILITIES                         576,267     33,312    242,928     22,410     32,662     35,224     39,074     60,705     19,973      2,354     17,532     12,376     57,717
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 6,898        291      1,507        212        467      1,678        490        613        137        339        181        233        751
Surplus                                         2,679        120        552         83        185        705        192        241         66         98         75         88        275
Other capital accounts                          1,041         37        429         37         70         35         67        107         22         27         22         38        151
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              586,886     33,760    245,416     22,742     33,385     37,641     39,822     61,666     20,197      2,818     17,809     12,736     58,894
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        767,540     38,010    307,807     31,665     37,503     51,263     60,913     70,569     24,125      9,990     22,081     33,487     80,126
  Less--Held by F.R. Banks                    227,482      6,746     78,233     10,213      6,866     19,112     24,043     13,317      5,012      8,788      5,796     22,639     26,716
  F.R. notes, net                             540,058     31,264    229,574     21,452     30,637     32,152     36,870     57,252     19,113      1,202     16,285     10,848     53,410
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        4,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        524,812
     Total collateral                         540,058

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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