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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 7, 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 6, 1999 Sep 29, 1999  Oct 7, 1998  Oct 6, 1999

Reserve Bank Credit                                         539,749    +   2,335    +  51,291      540,293
  U.S. government securities (1)
    Bought outright-system account (2,3)                    490,373    +     407    +  43,637      491,266
    Held under repurchase agreements                          2,981    +     110    -     759        2,160
  Federal agency obligations (1)
    Bought outright                                             229    -       9    -     174          228
    Held under repurchase agreements                         10,548    +     820    +   7,737        7,110
  Repurchase agreements -- triparty (4)                         573    +     573    +     573        4,011
  Acceptances                                                     0            0            0            0
  Loans to depository institutions

    Adjustment credit                                            82    -      19    -     233          142
    Seasonal credit                                             283    -      21    +     151          272
    Special Liquidity Facility                                    1    +       1    +       1            5
    Extended credit                                               0            0            0            0
   Float                                                        555    +     329    +     269          896
   Other F.R. assets                                         34,124    +     145    +      88       34,203
Gold stock                                                   11,050    +       2    +       6       11,050
Special drawing rights certificate account                    7,200            0    -   2,000        7,200
Treasury currency outstanding                                27,277    +      14    +   1,266       27,277
        Total factors supplying reserve funds               585,276    +   2,352    +  50,564      585,820

Currency in circulation*                                    544,944    +   2,541    +  51,008      547,578
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                          93            0    +       1           97
Deposits,other than reserve balances,with F.R.Banks
  Treasury                                                    5,457    -   1,946    -     322        5,259
  Foreign                                                       167    -      51    -      27          178
  Service-related balances and adjustments (5)                7,393    +      68    +     435        7,393
  Other                                                         271    +      48    -     152          274
Other F.R. liabilities and capital                           18,801    +     195    +   1,120       18,380
        Total factors, other than reserve balances,
        absorbing reserve funds                             577,125    +     855    +  52,062      579,159

Reserve balances with F.R. Banks  (6)                         8,150    +   1,497    -   1,499        6,661

On    October 6, 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    613,704 million, a change of
 -$  4,291 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 $     17,182 million (daily average over statement week) and $     16,290 million (outstanding on
   Wednesday statement date) matched sale-purchase transactions, of which $     17,182 million (daily average)
   and $     16,290 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      2,470 million (daily average) and $      1,611 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
   $        174 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 $      6,816 million and adjustments of $        577 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 6, 1999     Sep 29, 1999      Oct 7, 1998
                ASSETS
Gold certificate account                                        11,050        +       2        +       6
Special drawing rights certificate account                       7,200                0        -   2,000
Coin                                                               298        +      11        -     111
Loans                                                              419        +       1        +     289
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                            4,011        +   4,011        +   4,011
Federal agency obligations (2)
  Bought outright                                                  228        -      10        -     175
  Held under repurchase agreements                               7,110        -   4,073        +   4,270
U.S. government securities (2)
  Bought outright--Bills                                       199,410        +     245        +   3,194
                   Notes (3)                                   211,803        +       2        +  27,616
                   Bonds (4)                                    80,053                0        +  12,999
    Total bought outright (5)                                  491,266        +     247        +  43,809
  Held under repurchase agreements (1)                           2,160        -   3,060        -   2,378
     Total U.S. government securities                          493,426        -   2,813        +  41,431
       Total loans and securities                              505,194        -   2,884        +  49,826

Items in process of collection                      (687)        9,050        +   2,072        +   1,010
Bank premises                                                    1,340        +       3        +      44
Other assets (6)                                                32,829        -     180        -      80
                TOTAL ASSETS                        (687)      566,961        -     976        +  48,695

                LIABILITIES
Federal Reserve notes                                          520,697        +   3,498        +  50,317
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits
  Depository institutions                                       14,067        -   2,929        -   3,883
  U.S. Treasury--general account                                 5,259        -   2,973        -      32
  Foreign--official accounts                                       178        -      13        -      18
    Other                                             (0)          274        +      83        -     153
      Total deposits                                  (0)       19,777        -   5,832        -   4,088
Deferred availability cash items                    (687)        8,106        +   1,463        +     983
Other liabilities and accrued dividends (7)                      4,683        -     329        +     177
                TOTAL LIABILITIES                   (687)      553,263        -   1,201        +  47,389

                CAPITAL ACCOUNTS
Capital paid in                                                  6,333        +       4        +     419
Surplus                                                          5,952                0        +     732
Other capital accounts                                           1,412        +     220        +     155

*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
   $        144 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 $     16,290 million matched sale-purchase transactions outstanding at the end of the latest
   statement week.  Includes securities loans of $      1,611 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 6, 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             192       14,900   -   4,410        7,140   -   4,083        4,011           0
16 to 90 days              227       99,028   +   1,654           17           0            0           0
91 days to 1 year            0      143,316   +   1,089           51           0     ------      ------
Over 1 to 5 years                   121,199   -   1,150           10           0     ------      ------
Over 5 to 10 years                   50,205   +       1          120           0     ------      ------
Over 10 years                        64,777           0            0           0     ------      ------
                   		 	
Total                      419      493,426   -   2,813        7,338   -   4,083        4,011           0

1  Includes $      5,108 million of inflation-indexed securities valued at the original face amount and
   $        174 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 6, 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                      11,050        533      4,437        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                                             298          6         13         14         23         44         36         33         20         12         21         36         38

Loans                                            419          2          0          0          5          0        110         78         88         64         53          0         19
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)           4,011          0      4,011          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)
  Bought outright                                228         12         91          7         13         17         14         21          7          3          7         11         25
  Held under repurchase agreements             7,110          0      7,110          0          0          0          0          0          0          0          0          0          0
U.S. government securities(2)
  Bought outright--Bills                     199,410     10,312     79,414      5,973     11,543     15,002     12,138     18,729      6,559      2,385      5,980      9,936     21,440
                   Notes (3)                 211,803     10,953     84,350      6,344     12,260     15,934     12,892     19,893      6,967      2,533      6,352     10,554     22,772
                   Bonds (4)                  80,053      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)                491,266     25,405    195,644     14,714     28,437     36,958     29,903     46,140     16,160      5,875     14,732     24,478     52,819
  Held under repurchase agreements             2,160          0      2,160          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             493,426     25,405    197,804     14,714     28,437     36,958     29,903     46,140     16,160      5,875     14,732     24,478     52,819
       Total loans and securities            505,194     25,419    209,016     14,721     28,455     36,975     30,027     46,239     16,255      5,942     14,792     24,490     52,863

Items in process of collection                 9,736        371      1,210        398        318        712        919      1,159        563        710        543        481      2,353
Bank premises                                  1,340         93        164         50        156        124        124        107         32        129         51        146        165
Other assets(5)                               32,829      1,485     10,837        967      1,946      4,574      2,078      2,951        820        758        836      1,358      4,218
Interdistrict settlement account                   0    + 2,671    + 5,933    + 5,066    -   659    - 9,303    + 5,348    +14,880    + 2,547    - 5,584    + 1,099    -22,485    +   487
          TOTAL ASSETS                       567,648     30,935    234,434     21,752     31,153     34,559     39,779     67,000     20,779      2,197     17,859      4,997     62,205

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  $        144 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 $     16,290 million matched sale-purchase transactions outstanding at the end of the latest statement week.
   Includes securities loans of $      1,611 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 6, 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                         520,697     28,831    220,422     20,205     28,732     28,811     36,304     62,602     19,192        351     16,322      3,074     55,850
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits
  Depository institutions                      14,067        859      2,707        664        838      1,198      1,239      1,975        769        641        523        816      1,838
  U.S. Treasury--general account                5,259          0      5,259          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      178          7         62          4         10         30         10         14          3          5          3          6         24
  Other                                           274          0        139          0          1        120          4          1          4          0          2          2          2
    Total deposits                             19,778        866      8,167        669        848      1,348      1,253      1,990        775        646        528        824      1,864
Deferred credit items                           8,793        393      1,070        314        405        705        999        716        309        679        484        401      2,319
Other liabilities and accrued
  dividends (2)                                 4,683        236      1,877        157        258        358        299        414        164         91        160        223        445
    TOTAL LIABILITIES                         553,950     30,326    231,536     21,345     30,244     31,222     38,855     65,723     20,440      1,766     17,493      4,522     60,478

       CAPITAL ACCOUNTS
Capital paid in                                 6,333        289      1,319        194        434      1,631        436        606        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                          1,412         53        370         37         77        468         69         88         61         19         51         35         86
     TOTAL LIABILITIES AND CAPITAL
        ACCOUNTS                              567,648     30,935    234,434     21,752     31,153     34,559     39,779     67,000     20,779      2,197     17,859      4,997     62,205

FEDERAL RESERVE AGENTS' ACCOUNTS

F.R. notes outstanding                        828,182     40,448    330,937     31,407     39,487     55,993     61,437     81,130     26,715     11,580     25,143     37,518     86,386
  Less--Held by F.R. Banks                    307,485     11,617    110,514     11,203     10,755     27,182     25,132     18,528      7,523     11,229      8,821     34,444     30,536
  F.R. notes, net                             520,697     28,831    220,422     20,205     28,732     28,811     36,304     62,602     19,192        351     16,322      3,074     55,850
Collateral held against F.R. notes
   Gold certificate account                    11,050
   Special drawing rights
     certificate account                        7,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        502,447
     Total collateral                         520,697

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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