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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
                                                                                                May 4, 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      May 3, 2000 Apr 26, 2000  May 5, 1999  May 3, 2000

Reserve Bank Credit                                         568,555    +   4,550    +  48,069      574,324
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    506,650    -     741    +  33,079      507,137
    Held under repurchase agreements                              0            0    -   9,155            0
  Federal agency obligations (1)                                                   
    Bought outright                                             140            0    -     171          140
    Held under repurchase agreements                              0            0    -   2,900            0
  Repurchase agreements -- triparty (4)                      26,499    +   6,022    +  26,499       32,515
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                           157    +      76    +     147           46
    Seasonal credit                                             179    +      46    +     112          212
    Extended credit                                               0            0            0            0
   Float                                                        236    -     373    -     245         -106
   Other F.R. assets                                         34,694    -     480    +     703       34,379
Gold stock                                                   11,048            0    -       2       11,048
Special drawing rights certificate account                    5,200            0    -   3,000        5,200
Treasury currency outstanding                                28,659    +      14    +   1,902       28,659
        Total factors supplying reserve funds               613,463    +   4,564    +  46,970      619,232
                                                                   
Currency in circulation*                                    563,907    +      38    +  43,260      564,989
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         203    +       2    +      39          205
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                   14,439    +   2,022    +   6,551        8,027
  Foreign                                                       127    +      37    -      83           71
  Service-related balances and adjustments (5)                6,805    +       2    +      19        6,805
  Other                                                         268    -      29    -       3          263
Other F.R. liabilities and capital                           18,622    -     619    +   1,369       18,266
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             604,370    +   1,452    +  51,152      598,628

Reserve balances with F.R. Banks  (6)                         9,092    +   3,111    -   4,183       20,604
                                                                
On        May 3, 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 $    710,978 million, a change of $  -   2,106 million for the week. The total includes
$    625,144 million of U.S. government securities and $     85,834 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 $     17,157 million (daily average over statement week) and $     16,674 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     17,157 million (daily average)
   and $     16,674 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      2,025 million (daily average) and $      1,866 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 
   $        285 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 $      6,536 million and adjustments of $        270 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
                                                            May 3, 2000     Apr 26, 2000      May 5, 1999
                ASSETS
Gold certificate account                                        11,048                0        -       1
Special drawing rights certificate account                       5,200                0        -   3,000
Coin                                                               553        +      15        +     142
Loans                                                              258        -      27        +     168
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           32,515        -   7,265        +  32,515
Federal agency obligations (2)          
  Bought outright                                                  140                0        -     171
  Held under repurchase agreements                                   0                0        -   2,488
U.S. government securities (2)           
  Bought outright--Bills                                       200,342        -     649        +   1,322
                   Notes (3)                                   221,030        +       7        +  21,307
                   Bonds (4)                                    85,765        +       3        +  11,034
    Total bought outright (5)                                  507,137        -     639        +  33,663
  Held under repurchase agreements (1)                               0                0        -   9,705
     Total U.S. government securities                          507,137        -     639        +  23,958
       Total loans and securities                              540,050        -   7,931        +  53,983
                          
Items in process of collection                      (989)        8,110        +     232        -   2,637
Bank premises                                                    1,393        +       5        +      82
Other assets (6)                                                33,133        -     973        +     462
                TOTAL ASSETS                        (989)      599,488        -   8,651        +  49,032
                          
                LIABILITIES
Federal Reserve notes                                          537,088        +     138        +  40,760
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       27,616        +  12,571        +   4,684
  U.S. Treasury--general account                                 8,027        -  21,417        +   3,028
  Foreign--official accounts                                        71        -       8        -      96
    Other                                             (0)          263        -      13        -      20
      Total deposits                                  (0)       35,978        -   8,866        +   7,598
Deferred availability cash items                    (989)        8,156        +     717        -     587
Other liabilities and accrued dividends (7)                      4,818        -       8        +     407
                TOTAL LIABILITIES                   (989)      586,040        -   8,019        +  48,177
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  6,755        +       4        +     568
Surplus                                                          6,283        -     148        +     331
Other capital accounts                                             410        -     488        -      44

*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 
   $        221 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 
   $         64 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     16,674 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      1,866 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,        May 3, 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              92       17,346   -   2,129            0           0       30,510           0
16 to 90 days              166      107,052   -     499            0           0        2,005           0
91 days to 1 year            0      137,874   +   2,540           10           0     ------      ------
Over 1 to 5 years                   124,338   -     559           10           0     ------      ------
Over 5 to 10 years                   52,391   +       6          120           0     ------      ------
Over 10 years                        68,137   +       2            0           0     ------      ------
                   		 	
Total                      258      507,137   -     639          140           0       32,515           0

1  Includes $      5,792 million of inflation-indexed securities valued at the original face amount and 
   $        285 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        May 3, 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        535      4,430        414        520        750        802      1,064        359        158        340        514      1,162
Special drawing rights certif. acct.           5,200        271      2,065        196        246        346        393        502        167         72        156        232        554
Coin                                             553         19         36         20         29         75         64         68         34         33         49         61         64
                       
Loans                                            258         11          0          0          0         10          2         64         68         43         34          1         27
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          32,515          0     32,515          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                     200,342     11,501     77,333      8,344     11,211     11,761     13,335     23,964      7,610        843      6,676      5,928     21,835
                   Notes (3)                 221,030     12,689     85,318      9,206     12,369     12,975     14,712     26,438      8,396        930      7,366      6,540     24,090
                   Bonds (4)                  85,765      4,924     33,105      3,572      4,799      5,035      5,709     10,259      3,258        361      2,858      2,538      9,347
     Total bought outright(5)                507,137     29,114    195,756     21,122     28,380     29,770     33,756     60,661     19,265      2,135     16,900     15,005     55,273
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             507,137     29,114    195,756     21,122     28,380     29,770     33,756     60,661     19,265      2,135     16,900     15,005     55,273
       Total loans and securities            540,050     29,132    228,325     21,128     28,388     29,788     33,768     60,741     19,338      2,178     16,938     15,010     55,314
                       
Items in process of collection                 9,099        510      1,198        483        324        706        905        628        316        516        550        494      2,471
Bank premises                                  1,393         93        163         50        157        124        181        106         33        127         50        145        164
Other assets(5)                               33,133      1,580     11,171      1,132      1,966      5,013      2,175      3,212        980        659        958      1,011      3,275
Interdistrict settlement account                   0    + 2,154    -   758    -   749    + 3,241    + 1,308    + 1,963    -   266    -   342    -   464    -   868    - 4,920    -   299
          TOTAL ASSETS                       600,477     34,296    246,630     22,673     34,871     38,111     40,250     66,054     20,885      3,279     18,174     12,547     62,707

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  $        221 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  $         64 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     16,674 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      1,866 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        May 3, 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                         537,088     31,209    224,698     21,170     30,986     30,440     35,782     59,658     19,283      1,433     16,322     10,756     55,350
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      27,616      1,698      7,861        434      2,274      3,294      2,197      3,949        747        714        838        801      2,809
  U.S. Treasury--general account                8,027          0      8,027          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                                           263          1        140          1          7        106          1          1          0          3          1          1          2
    Total deposits                             35,978      1,700     16,075        436      2,283      3,408      2,200      3,952        748        718        840        804      2,814
Deferred credit items                           9,145        508      1,122        443        426        698        954        667        326        542        460        378      2,622
Other liabilities and accrued                 
  dividends (2)                                 4,818        280      1,663        213        286        346        355        550        199         69        184        173        500
    TOTAL LIABILITIES                         587,029     33,696    243,559     22,263     33,981     34,892     39,291     64,827     20,556      2,763     17,806     12,110     61,285
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 6,755        290      1,492        202        444      1,675        482        616        160        271        181        217        725
Surplus                                         6,283        289      1,325        199        444      1,544        460        578        158        235        179        211        660
Other capital accounts                            410         22        254          9          2          0         17         32         11         10          8          9         36
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              600,477     34,296    246,630     22,673     34,871     38,111     40,250     66,054     20,885      3,279     18,174     12,547     62,707
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        782,353     39,995    312,831     30,698     38,944     50,662     59,960     73,721     24,862     10,529     22,989     34,556     82,607
  Less--Held by F.R. Banks                    245,265      8,786     88,133      9,528      7,958     20,222     24,178     14,063      5,578      9,095      6,667     23,800     27,257
  F.R. notes, net                             537,088     31,209    224,698     21,170     30,986     30,440     35,782     59,658     19,283      1,433     16,322     10,756     55,350
Collateral held against F.R. notes            
   Gold certificate account                    11,048
   Special drawing rights                 
     certificate account                        5,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        520,840
     Total collateral                         537,088

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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