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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
                                                                                              July 27, 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     Jul 26, 2000 Jul 19, 2000 Jul 28, 1999 Jul 26, 2000

Reserve Bank Credit                                         558,302    -      11    +  32,101      561,826
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    506,293    -     754    +  19,103      507,830
    Held under repurchase agreements                              0            0    -   2,190            0
  Federal agency obligations (1)                                                   
    Bought outright                                             140            0    -     112          140
    Held under repurchase agreements                              0            0    -   2,637            0
  Repurchase agreements -- triparty (4)                      15,237    +     364    +  15,237       16,955
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            12    -      19    -       6           12
    Seasonal credit                                             549    +      44    +     292          556
    Extended credit                                               0            0            0            0
   Float                                                        487    -     111    +     206          537
   Other F.R. assets                                         35,584    +     466    +   2,208       35,795
Gold stock                                                   11,046            0    -       1       11,046
Special drawing rights certificate account                    4,200            0    -   4,000        4,200
Treasury currency outstanding                                29,783    +      14    +   2,662       29,783
        Total factors supplying reserve funds               603,332    +       4    +  30,762      606,855
                                                                   
Currency in circulation*                                    568,396    -   1,709    +  35,517      569,138
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         102    +      33    +      49          118
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,633    -     700    -     268        5,134
  Foreign                                                       111    +      13    -      94           94
  Service-related balances and adjustments (5)                6,837    +     243    -     474        6,837
  Other                                                         217    -      32    -      57          221
Other F.R. liabilities and capital                           15,792    +     453    -   1,858       15,436
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             596,088    -   1,700    +  32,814      596,978

Reserve balances with F.R. Banks  (6)                         7,244    +   1,704    -   2,052        9,877
                                                                
On      July 26, 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 $    703,645 million, a change of $  -   5,471 million for the week. The total includes
$    616,859 million of U.S. government securities and $     86,787 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 $     16,606 million (daily average over statement week) and $     17,213 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     16,606 million (daily average)
   and $     17,213 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,432 million (daily average) and $        845 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 
   $        339 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 $      6,355 million and adjustments of $        482 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
                                                           Jul 26, 2000     Jul 19, 2000     Jul 28, 1999
                ASSETS
Gold certificate account                                        11,046                0        -       1
Special drawing rights certificate account                       4,200                0        -   4,000
Coin                                                               715        +      27        +     415
Loans                                                              568        -      69        +     292
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           16,955        +   2,945        +  16,955
Federal agency obligations (2)          
  Bought outright                                                  140                0        -     109
  Held under repurchase agreements                                   0                0        -   4,135
U.S. government securities (2)           
  Bought outright--Bills                                       191,626        -     548        -   8,308
                   Notes (3)                                   228,869        +   1,256        +  19,098
                   Bonds (4)                                    87,335        +      30        +   9,451
    Total bought outright (5)                                  507,830        +     737        +  20,241
  Held under repurchase agreements (1)                               0                0        -   2,355
     Total U.S. government securities                          507,830        +     737        +  17,886
       Total loans and securities                              525,493        +   3,614        +  30,888
                          
Items in process of collection                      (832)        7,390        -     614        +     698
Bank premises                                                    1,413                0        +      84
Other assets (6)                                                34,382        +     504        +   2,066
                TOTAL ASSETS                        (832)      584,640        +   3,532        +  30,152
                          
                LIABILITIES
Federal Reserve notes                                          540,188        -     840        +  32,352
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       16,752        +   5,103        +      89
  U.S. Treasury--general account                                 5,134        -     788        -     177
  Foreign--official accounts                                        94        -      54        -     227
    Other                                             (0)          221        -       4        -      11
      Total deposits                                  (0)       22,201        +   4,256        -     327
Deferred availability cash items                    (832)        6,815        -     355        +     129
Other liabilities and accrued dividends (7)                      4,888        +     455        +     551
                TOTAL LIABILITIES                   (832)      574,092        +   3,517        +  32,705
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  6,880        +       3        +     584
Surplus                                                          2,679                0        -   3,273
Other capital accounts                                             988        +      11        +     135

*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 
   $        260 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 
   $         78 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     17,213 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $        845 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,      July 26, 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             515       18,709   -   2,105            0           0       10,925           0
16 to 90 days               54      107,688   +     321           10           0        6,030           0
91 days to 1 year            0      131,913   +   2,520            0           0     ------      ------
Over 1 to 5 years                   126,927           0           10           0     ------      ------
Over 5 to 10 years                   53,440   +       1          120           0     ------      ------
Over 10 years                        69,153           0            0           0     ------      ------
                   		 	
Total                      568      507,830   +     737          140           0       16,955           0

1  Includes $      5,792 million of inflation-indexed securities valued at the original face amount and 
   $        339 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      July 26, 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                                             715         20         61         51         49         97         93         88         40         27         55         67         66
                       
Loans                                            568          0          3          1          0          0         15        130         97        160         87         25         50
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          16,955          0     16,955          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                     191,626     11,001     73,968      7,981     10,724     11,249     12,755     22,921      7,279        807      6,386      5,670     20,885
                   Notes (3)                 228,869     13,139     88,344      9,532     12,808     13,435     15,234     27,376      8,694        963      7,627      6,772     24,944
                   Bonds (4)                  87,335      5,014     33,711      3,638      4,887      5,127      5,813     10,447      3,318        368      2,910      2,584      9,519
     Total bought outright(5)                507,830     29,154    196,023     21,151     28,419     29,811     33,802     60,744     19,291      2,138     16,923     15,025     55,348
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             507,830     29,154    196,023     21,151     28,419     29,811     33,802     60,744     19,291      2,138     16,923     15,025     55,348
       Total loans and securities            525,493     29,162    213,035     21,158     28,427     29,819     33,827     60,891     19,394      2,298     17,015     15,054     55,413
                       
Items in process of collection                 8,221        455        959        403        272        528        858        534        321        509        513        487      2,383
Bank premises                                  1,413         94        164         49        156        124        201        105         33        127         50        145        165
Other assets(5)                               34,382      1,635     11,462      1,236      2,010      5,183      2,237      3,320      1,015        679        991      1,229      3,384
Interdistrict settlement account                   0    + 2,057    +11,564    -   559    + 1,745    -    48    +   715    - 4,591    -   754    -   779    - 1,403    - 4,378    - 3,569
          TOTAL ASSETS                       585,471     34,177    243,342     22,910     33,377     36,733     39,051     61,816     20,543      3,078     17,686     13,305     59,453

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  $        260 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  $         78 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     17,213 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $        845 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      July 26, 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                         540,188     31,368    229,136     21,654     30,745     31,943     36,268     57,472     18,997      1,337     16,216     11,111     53,939
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      16,752      1,471      3,935        351      1,400      1,496        953      2,346        878        713        663        963      1,584
  U.S. Treasury--general account                5,134          0      5,134          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       94          1         71          1          2          8          2          3          1          1          1          1          3
  Other                                           221          2        135          1          4         68          0          7          1          0          2          1          1
    Total deposits                             22,201      1,474      9,275        352      1,406      1,572        955      2,355        879        714        665        964      1,588
Deferred credit items                           7,646        631        926        374        293        496        751        541        232        489        359        264      2,291
Other liabilities and accrued                 
  dividends (2)                                 4,888        264      1,529        197        254        309        332        503        187         66        172        612        463
    TOTAL LIABILITIES                         574,923     33,737    240,866     22,578     32,698     34,320     38,306     60,872     20,295      2,606     17,412     12,952     58,281
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 6,880        288      1,499        212        454      1,677        489        606        161        335        181        231        749
Surplus                                         2,679        120        552         83        185        705        192        241         66         98         75         88        275
Other capital accounts                            988         32        424         37         41         32         64         97         22         39         19         34        149
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              585,471     34,177    243,342     22,910     33,377     36,733     39,051     61,816     20,543      3,078     17,686     13,305     59,453
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        770,457     38,476    309,501     31,602     37,710     50,535     60,236     71,079     24,217     10,135     22,306     33,808     80,852
  Less--Held by F.R. Banks                    230,269      7,108     80,365      9,947      6,965     18,592     23,968     13,606      5,219      8,798      6,090     22,697     26,913
  F.R. notes, net                             540,188     31,368    229,136     21,654     30,745     31,943     36,268     57,472     18,997      1,337     16,216     11,111     53,939
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        4,200
   Other eligible assets                           17
   U.S. govt. and agency securities(3)        524,925
     Total collateral                         540,188

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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