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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
                                                                                           October 14, 1999
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     Oct 13, 1999  Oct 6, 1999 Oct 14, 1998 Oct 13, 1999

Reserve Bank Credit                                         541,214    +   1,487    +  52,590      544,220
  U.S. government securities (1)
    Bought outright-system account (2,3)                    491,044    +     671    +  43,371      491,282
    Held under repurchase agreements                              0    -   2,981    -   2,672            0
  Federal agency obligations (1)
    Bought outright                                             219    -      10    -     181          198
    Held under repurchase agreements                              0    -  10,548    -   3,077            0
  Repurchase agreements -- triparty (4)                      14,659    +  14,086    +  14,659       15,520
  Acceptances                                                     0            0            0            0
  Loans to depository institutions

    Adjustment credit                                            26    -      56    -       5           16
    Seasonal credit                                             263    -      20    +     153          245
    Special Liquidity Facility                                    0    -       1            0            0
    Extended credit                                               0            0            0            0
   Float                                                        776    +     243    +     233        2,538
   Other F.R. assets                                         34,226    +     102    +     109       34,421
Gold stock                                                   11,051    +       1    +       7       11,051
Special drawing rights certificate account                    7,200            0    -   2,000        7,200
Treasury currency outstanding                                27,291    +      14    +   1,260       27,291
        Total factors supplying reserve funds               586,755    +   1,502    +  51,857      589,762

Currency in circulation*                                    549,717    +   4,773    +  52,375      551,434
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                          97    +       4    +       5           95
Deposits,other than reserve balances,with F.R.Banks
  Treasury                                                    5,235    -     222    -     245        4,948
  Foreign                                                       202    +      35    -     119          284
  Service-related balances and adjustments (5)                7,079    -     314    +      24        7,079
  Other                                                         319    +      48    -      98          270
Other F.R. liabilities and capital                           18,195    -     606    +   1,117       17,775
        Total factors, other than reserve balances,
        absorbing reserve funds                             580,843    +   3,718    +  53,058      581,886

Reserve balances with F.R. Banks  (6)                         5,912    -   2,216    -   1,202        7,875

On   October 13, 1999, the face amount of marketable U.S. government securities held in custody by the
Federal Reserve Banks for foreign official and international accounts was    611,635 million, a change of
 -$  2,069 million for the week.  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 $     16,514 million (daily average over statement week) and $     16,277 million (outstanding on
   Wednesday statement date) matched sale-purchase transactions, of which $     16,514 million (daily average)
   and $     16,277 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,531 million (daily average) and $      1,747 million
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $      5,108 million of inflation-indexed securities valued at the original face amount and
   $        177 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 $      6,840 million and adjustments of $        239 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
                                                           Oct 13, 1999      Oct 6, 1999     Oct 14, 1998
                ASSETS
Gold certificate account                                        11,051        +       1        +       7
Special drawing rights certificate account                       7,200                0        -   2,000
Coin                                                               304        +       6        -     107
Loans                                                              261        -     158        +      51
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           15,520        +  11,509        +  15,520
Federal agency obligations (2)
  Bought outright                                                  198        -      30        -     190
  Held under repurchase agreements                                   0        -   7,110        -   4,570
U.S. government securities (2)
  Bought outright--Bills                                       199,423        +      13        +   2,978
                   Notes (3)                                   211,806        +       3        +  27,618
                   Bonds (4)                                    80,054        +       1        +  13,000
    Total bought outright (5)                                  491,282        +      16        +  43,595
  Held under repurchase agreements (1)                               0        -   2,160        -   2,045
     Total U.S. government securities                          491,282        -   2,144        +  41,550
       Total loans and securities                              507,261        +   2,067        +  52,362

Items in process of collection                      (510)       13,877        +   4,827        +   2,277
Bank premises                                                    1,341        +       1        +      45
Other assets (6)                                                33,049        +     220        +      50
                TOTAL ASSETS                        (510)      574,084        +   7,123        +  52,635

                LIABILITIES
Federal Reserve notes                                          524,543        +   3,846        +  51,588
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits
  Depository institutions                                       15,424        +   1,357        -     956
  U.S. Treasury--general account                                 4,948        -     311        +      53
  Foreign--official accounts                                       284        +     106        +      95
    Other                                             (0)          270        -       4        -     127
      Total deposits                                  (0)       20,927        +   1,150        -     934
Deferred availability cash items                    (510)       10,839        +   2,733        +   1,084
Other liabilities and accrued dividends (7)                      4,262        -     421        -     189
                TOTAL LIABILITIES                   (510)      560,570        +   7,307        +  51,548

                CAPITAL ACCOUNTS
Capital paid in                                                  6,336        +       3        +     421
Surplus                                                          5,952                0        +     732
Other capital accounts                                           1,225        -     187        -      67

*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 $      3,938 million of inflation-indexed securities valued at the original face amount and
   $        146 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
4  Includes $      1,170 million of inflation-indexed securities valued at the original face amount and
   $         31 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
5  Net of $     16,277 million matched sale-purchase transactions outstanding at the end of the latest
   statement week.  Includes securities loans of $      1,747 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,   October 13, 1999
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              72       14,978   +      78           10   -   7,130        4,505           0
16 to 90 days              189      102,323   +   3,295            7   -      10       11,015           0
91 days to 1 year            0      137,796   -   5,520           51           0     ------      ------
Over 1 to 5 years                   121,200   +       1           10           0     ------      ------
Over 5 to 10 years                   50,207   +       2          120           0     ------      ------
Over 10 years                        64,778   +       1            0           0     ------      ------
                   		 	
Total                      261      491,282   -   2,144          198   -   7,140       15,520           0

1  Includes $      5,108 million of inflation-indexed securities valued at the original face amount and
   $        177 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   October 13, 1999
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
         ASSETS
Gold certificate account                      11,051        533      4,438        319        566        834        724        993        337        140        313        575      1,279
Special drawing rights certif. acct.           7,200        357      2,823        217        348        599        523        637        204         90        203        396        803
Coin                                             304          8         15         15         22         45         37         37         18         12         21         35         38

Loans                                            261          0          0          1          0          1         10         61         73         59         48          0          8
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          15,520          0     15,520          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)
  Bought outright                                198         10         79          6         11         15         12         19          7          2          6         10         21
  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                     199,423     10,313     79,419      5,973     11,544     15,003     12,139     18,730      6,560      2,385      5,980      9,937     21,441
                   Notes (3)                 211,806     10,953     84,351      6,344     12,260     15,934     12,892     19,893      6,967      2,533      6,352     10,554     22,773
                   Bonds (4)                  80,054      4,140     31,881      2,398      4,634      6,022      4,873      7,519      2,633        957      2,401      3,989      8,607
     Total bought outright(5)                491,282     25,406    195,651     14,715     28,438     36,959     29,904     46,141     16,160      5,876     14,733     24,479     52,821
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             491,282     25,406    195,651     14,715     28,438     36,959     29,904     46,141     16,160      5,876     14,733     24,479     52,821
       Total loans and securities            507,261     25,416    211,250     14,722     28,449     36,975     29,926     46,221     16,240      5,937     14,787     24,490     52,851

Items in process of collection                14,387        673      1,915        689        611      1,298      1,492      1,372        514        935        752        561      3,576
Bank premises                                  1,341         93        164         50        156        124        124        108         32        129         51        146        165
Other assets(5)                               33,049      1,505     10,820        978      1,971      4,605      2,105      2,986        832        765        848      1,380      4,255
Interdistrict settlement account                   0    + 3,060    + 4,404    + 4,763    -   539    - 8,954    + 5,099    +15,400    + 2,724    - 5,893    + 1,037    -22,431    + 1,331
          TOTAL ASSETS                       574,593     31,645    235,827     21,753     31,585     35,527     40,030     67,753     20,900      2,114     18,012      5,151     64,297

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 $      3,938 million of inflation-indexed securities valued at the original face amount and  $        146 million
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      1,170 million of inflation-indexed securities valued at the original face amount and  $         31 million
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     16,277 million matched sale-purchase transactions outstanding at the end of the latest statement week.
   Includes securities loans of $      1,747 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   October 13, 1999
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
       LIABILITIES
Federal Reserve notes                         524,543     29,224    221,366     20,360     28,970     29,350     36,526     62,869     19,296        442     16,455      3,255     56,429
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits
  Depository institutions                      15,424      1,085      3,386        413        991      1,322      1,245      2,294        665        408        503        650      2,461
  U.S. Treasury--general account                4,948          0      4,948          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      284          7        168          4         10         30         10         14          3          5          3          6         24
  Other                                           270          0        137          0          2        116          4          1          4          0          2          3          2
    Total deposits                             20,927      1,091      8,640        418      1,003      1,468      1,259      2,309        672        413        508        658      2,487
Deferred credit items                          11,348        491      1,484        409        458      1,051      1,043        907        437        746        526        553      3,243
Other liabilities and accrued
  dividends (2)                                 4,262        235      1,475        157        256        358        300        411        163         88        160        221        439
    TOTAL LIABILITIES                         561,080     31,041    232,965     21,343     30,687     32,227     39,129     66,495     20,569      1,690     17,649      4,687     62,598

       CAPITAL ACCOUNTS
Capital paid in                                 6,336        289      1,319        200        434      1,631        436        603        157        210        174        213        670
Surplus                                         5,952        267      1,208        177        399      1,238        418        583        121        202        140        227        972
Other capital accounts                          1,225         47        335         33         65        431         47         72         53         12         48         24         58
     TOTAL LIABILITIES AND CAPITAL
        ACCOUNTS                              574,593     31,645    235,827     21,753     31,585     35,527     40,030     67,753     20,900      2,114     18,012      5,151     64,297

FEDERAL RESERVE AGENTS' ACCOUNTS

F.R. notes outstanding                        827,718     40,717    330,900     31,346     39,491     55,737     61,427     81,050     26,688     11,571     25,112     37,433     86,245
  Less--Held by F.R. Banks                    303,175     11,492    109,534     10,987     10,521     26,388     24,900     18,181      7,392     11,129      8,657     34,178     29,816
  F.R. notes, net                             524,543     29,224    221,366     20,360     28,970     29,350     36,526     62,869     19,296        442     16,455      3,255     56,429
Collateral held against F.R. notes
   Gold certificate account                    11,051
   Special drawing rights
     certificate account                        7,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        506,292
     Total collateral                         524,543

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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