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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
                                                                                               June 8, 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      Jun 7, 2000 May 31, 2000  Jun 9, 1999  Jun 7, 2000

Reserve Bank Credit                                         557,277    -   3,013    +  37,616      556,956
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    506,426    +     235    +  22,523      505,939
    Held under repurchase agreements                              0            0    -   1,079            0
  Federal agency obligations (1)                                                   
    Bought outright                                             140            0    -     171          140
    Held under repurchase agreements                              0            0    -   2,407            0
  Repurchase agreements -- triparty (4)                      16,960    -   3,953    +  16,960       17,620
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                           239    +     193    +     235           11
    Seasonal credit                                             325    -      31    +     237          334
    Extended credit                                               0            0            0            0
   Float                                                        685    +     483    +     321          200
   Other F.R. assets                                         32,502    +      60    +     996       32,712
Gold stock                                                   11,048            0    +       1       11,048
Special drawing rights certificate account                    5,200            0    -   3,000        5,200
Treasury currency outstanding                                28,899    +      14    +   1,993       28,899
        Total factors supplying reserve funds               602,424    -   2,999    +  36,609      602,102
                                                                   
Currency in circulation*                                    568,525    +     492    +  39,537      568,985
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         132    -      45    -       4           83
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,656    -     224    -     199        5,031
  Foreign                                                        83    +       1    -      82           86
  Service-related balances and adjustments (5)                7,091    +     345    +     191        7,091
  Other                                                         260    +      43    -       2          244
Other F.R. liabilities and capital                           15,676    +     320    -   1,754       15,261
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             596,423    +     931    +  37,688      596,780

Reserve balances with F.R. Banks  (6)                         6,001    -   3,930    -   1,079        5,322
                                                                
On       June 7, 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 $    696,654 million, a change of $  -   2,528 million for the week. The total includes
$    608,394 million of U.S. government securities and $     88,261 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 $     16,717 million (daily average over statement week) and $     17,205 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     16,309 million (daily average)
   and $     16,205 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,969 million (daily average) and $      1,925 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 
   $        333 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 $      6,394 million and adjustments of $        697 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
                                                            Jun 7, 2000     May 31, 2000      Jun 9, 1999
                ASSETS
Gold certificate account                                        11,048                0        +       1
Special drawing rights certificate account                       5,200                0        -   3,000
Coin                                                               636        +      37        +     291
Loans                                                              345        -      86        +     245
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           17,620        -   8,775        +  17,620
Federal agency obligations (2)          
  Bought outright                                                  140                0        -     171
  Held under repurchase agreements                                   0                0        -   3,106
U.S. government securities (2)           
  Bought outright--Bills                                       197,515        -     808        -   1,489
                   Notes (3)                                   223,633        +       2        +  15,638
                   Bonds (4)                                    84,791                0        +   7,085
    Total bought outright (5)                                  505,939        -     805        +  21,233
  Held under repurchase agreements (1)                               0                0        -     425
     Total U.S. government securities                          505,939        -     805        +  20,808
       Total loans and securities                              524,044        -   9,666        +  35,396
                          
Items in process of collection                      (998)        8,775        -   3,210        +     942
Bank premises                                                    1,401        +       1        +      85
Other assets (6)                                                31,345        +     392        +     979
                TOTAL ASSETS                        (998)      582,449        -  12,447        +  34,695
                          
                LIABILITIES
Federal Reserve notes                                          540,805        -     785        +  37,690
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       12,996        -   8,638        -   1,808
  U.S. Treasury--general account                                 5,031        -     414        +     348
  Foreign--official accounts                                        86        -      24        -      80
    Other                                             (0)          244        +      18        -       9
      Total deposits                                  (0)       18,357        -   9,059        -   1,549
Deferred availability cash items                    (998)        8,026        -   2,593        +     655
Other liabilities and accrued dividends (7)                      4,887        +     135        +     553
                TOTAL LIABILITIES                   (998)      572,076        -  12,301        +  37,350
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  6,789        +       8        +     525
Surplus                                                          2,679                0        -   3,273
Other capital accounts                                             905        -     153        +      94

*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 
   $        256 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 
   $         77 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     17,205 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      1,925 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,       June 7, 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              80       18,827   +   3,336            0           0       13,625           0
16 to 90 days              265      103,196   -   2,388            0           0        3,995           0
91 days to 1 year            0      137,454   -   1,755           10           0     ------      ------
Over 1 to 5 years                   125,525           0           10           0     ------      ------
Over 5 to 10 years                   53,436   +       1          120           0     ------      ------
Over 10 years                        67,500           0            0           0     ------      ------
                   		 	
Total                      345      505,939   -     805          140           0       17,620           0

1  Includes $      5,792 million of inflation-indexed securities valued at the original face amount and 
   $        333 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       June 7, 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                                             636         23         46         39         35         83         77         85         35         32         56         61         62
                       
Loans                                            345          1          0          0          0          0          9         96         55         95         55         14         19
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          17,620          0     17,620          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                     197,515     11,339     76,241      8,227     11,053     11,595     13,147     23,626      7,503        831      6,582      5,844     21,527
                   Notes (3)                 223,633     12,838     86,323      9,314     12,515     13,128     14,886     26,750      8,495        941      7,452      6,617     24,374
                   Bonds (4)                  84,791      4,868     32,730      3,532      4,745      4,977      5,644     10,142      3,221        357      2,826      2,509      9,241
     Total bought outright(5)                505,939     29,045    195,293     21,073     28,313     29,700     33,677     60,518     19,219      2,130     16,860     14,970     55,142
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             505,939     29,045    195,293     21,073     28,313     29,700     33,677     60,518     19,219      2,130     16,860     14,970     55,142
       Total loans and securities            524,044     29,054    212,967     21,078     28,321     29,708     33,695     60,630     19,280      2,226     16,920     14,988     55,176
                       
Items in process of collection                 9,773        740      1,173        440        346        793        707      1,178        365        492        637        544      2,359
Bank premises                                  1,401         94        163         50        157        124        190        105         33        127         50        144        165
Other assets(5)                               31,345      1,475     10,388      1,122      1,870      4,941      2,060      2,986        908        652        896        974      3,073
Interdistrict settlement account                   0    + 1,508    +10,075    -   348    + 1,898    -   611    +   564    - 3,681    -   576    -   880    - 1,206    - 4,898    - 1,847
          TOTAL ASSETS                       583,447     33,700    241,308     22,991     33,393     36,134     38,488     62,870     20,571      2,879     17,848     12,560     60,704

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  $        256 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  $         77 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     17,205 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      1,925 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       June 7, 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                         540,805     31,341    227,671     21,615     31,139     31,399     35,627     59,026     19,187      1,467     16,447     10,935     54,951
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      12,996        944      3,251        459        909      1,162        768      1,684        607        432        479        757      1,544
  U.S. Treasury--general account                5,031          0      5,031          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       86          1         62          1          2          8          2          3          1          1          1          1          3
  Other                                           244          0        136          0          7         95          0          1          1          0          2          1          1
    Total deposits                             18,357        946      8,480        460        918      1,265        770      1,688        608        433        481        759      1,547
Deferred credit items                           9,024        689      1,021        385        376        703        990        658        325        515        460        352      2,550
Other liabilities and accrued                 
  dividends (2)                                 4,887        284      1,666        216        288        359        363        554        200         74        185        178        519
    TOTAL LIABILITIES                         573,074     33,259    238,838     22,676     32,722     33,727     37,751     61,926     20,320      2,489     17,573     12,224     59,568
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 6,789        290      1,499        208        450      1,677        485        609        161        274        181        222        733
Surplus                                         2,679        120        552         83        185        705        192        241         66         98         75         88        275
Other capital accounts                            905         31        419         24         36         25         60         95         24         18         20         27        128
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              583,447     33,700    241,308     22,991     33,393     36,134     38,488     62,870     20,571      2,879     17,848     12,560     60,704
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        776,881     39,328    312,154     31,005     38,425     50,254     59,488     72,857     24,569     10,362     22,695     34,154     81,591
  Less--Held by F.R. Banks                    236,076      7,987     84,483      9,390      7,286     18,855     23,860     13,831      5,382      8,895      6,248     23,220     26,640
  F.R. notes, net                             540,805     31,341    227,671     21,615     31,139     31,399     35,627     59,026     19,187      1,467     16,447     10,935     54,951
Collateral held against F.R. notes            
   Gold certificate account                    11,048
   Special drawing rights                 
     certificate account                        5,200
   Other eligible assets                          859
   U.S. govt. and agency securities(3)        523,699
     Total collateral                         540,805

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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