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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
                                                                                             April 13, 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     Apr 12, 2000  Apr 5, 2000 Apr 14, 1999 Apr 12, 2000

Reserve Bank Credit                                         557,297    -   1,579    +  45,404      558,101
  U.S. government securities (1)
    Bought outright-system account (2,3)                    502,593    +     804    +  32,926      504,139
    Held under repurchase agreements                              0            0    -   6,496            0
  Federal agency obligations (1)
    Bought outright                                             146    -       4    -     165          140
    Held under repurchase agreements                              0            0    -   1,660            0
  Repurchase agreements -- triparty (4)                      19,142    -   2,979    +  19,142       18,300
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                           472    +     326    +     440           39
    Seasonal credit                                             105    +      17    +      75          109
    Special Liquidity Facility                                    0            0            0            0
    Extended credit                                               0            0            0            0
   Float                                                        114    -     181    -     150          445
   Other F.R. assets                                         34,726    +     440    +   1,293       34,929
Gold stock                                                   11,048            0    -       2       11,048
Special drawing rights certificate account                    6,200            0    -   2,000        6,200
Treasury currency outstanding                                28,422    +      14    +   1,736       28,422
        Total factors supplying reserve funds               602,968    -   1,564    +  45,140      603,771

Currency in circulation*                                    564,414    +     863    +  44,431      565,335
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         197    +      19    +      56          197
Deposits,other than reserve balances,with F.R.Banks
  Treasury                                                    5,462    +     405    +     609        5,833
  Foreign                                                       125    +      23    -      63          146
  Service-related balances and adjustments (5)                6,823    -     242    +     151        6,823
  Other                                                         274    +      49    -      31          277
Other F.R. liabilities and capital                           19,653    -       2    +   2,331       18,958
        Total factors, other than reserve balances,
        absorbing reserve funds                             596,948    +   1,114    +  47,485      597,569

Reserve balances with F.R. Banks  (6)                         6,019    -   2,679    -   2,346        6,202

On     April 12, 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 $    724,436 million, a change of $  -   2,268 million for the week. The total includes
$    637,193 million of U.S. government securities and $     87,243 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 $     18,546 million (daily average over statement week) and $     20,053 million (outstanding on
   Wednesday statement date) matched sale-purchase transactions, of which $     18,546 million (daily average)
   and $     20,053 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        973 million (daily average) and $          3 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
   $        259 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 $      6,562 million and adjustments of $        261 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
                                                           Apr 12, 2000      Apr 5, 2000     Apr 14, 1999
                ASSETS
Gold certificate account                                        11,048                0                0
Special drawing rights certificate account                       6,200                0        -   2,000
Coin                                                               497        +      24        +      89
Loans                                                              148        -     410        +      41
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           18,300        -   3,255        +  18,300
Federal agency obligations (2)
  Bought outright                                                  140        -      10        -     171
  Held under repurchase agreements                                   0                0        -   1,334
U.S. government securities (2)
  Bought outright--Bills                                       197,742        +   1,120        -   1,858
                   Notes (3)                                   220,699        +   1,613        +  23,206
                   Bonds (4)                                    85,698        +     109        +  11,381
    Total bought outright (5)                                  504,139        +   2,841        +  32,730
  Held under repurchase agreements (1)                               0                0        -   5,880
     Total U.S. government securities                          504,139        +   2,841        +  26,850
       Total loans and securities                              522,727        -     833        +  43,686

Items in process of collection                      (763)        8,992        +     185        +   1,082
Bank premises                                                    1,389        +       1        +      81
Other assets (6)                                                33,536        +     411        +   1,286
                TOTAL ASSETS                        (763)      584,389        -     214        +  44,224

                LIABILITIES
Federal Reserve notes                                          537,607        +      80        +  42,809
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits
  Depository institutions                                       13,159        +     506        -   2,583
  U.S. Treasury--general account                                 5,833        -     607        +   1,676
  Foreign--official accounts                                       146        +      50        -      45
    Other                                             (0)          277        +       2        -      29
      Total deposits                                  (0)       19,416        -      47        -     980
Deferred availability cash items                    (763)        8,409        +     206        +     478
Other liabilities and accrued dividends (7)                      4,856        +       1        +     617
                TOTAL LIABILITIES                   (763)      570,287        +     238        +  42,922

                CAPITAL ACCOUNTS
Capital paid in                                                  6,746        +       1        +     574
Surplus                                                          6,431                0        +     479
Other capital accounts                                             925        -     453        +     248

*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
   $        202 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
   $         58 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
5  Net of $     20,053 million matched sale-purchase transactions outstanding at the end of the latest
   statement week.  Includes securities loans of $          3 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,     April 12, 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              71       15,618   +   3,908            0   -      10        9,310           0
16 to 90 days               77      105,482   -   3,261            0           0        8,990           0
91 days to 1 year            0      138,578   +     472           10           0     ------      ------
Over 1 to 5 years                   124,885   +   1,715           10           0     ------      ------
Over 5 to 10 years                   51,446   +       5          120           0     ------      ------
Over 10 years                        68,130   +       2            0           0     ------      ------
                   		 	
Total                      148      504,139   +   2,841          140   -      10       18,300           0

1  Includes $      5,792 million of inflation-indexed securities valued at the original face amount and
   $        259 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     April 12, 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.           6,200        307      2,431        187        299        516        450        549        175         78        175        341        692
Coin                                             497         16         34         17         20         62         50         63         28         33         42         57         75

Loans                                            148         13          0         18          0          0          5         29         25         19         20          2         17
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          18,300          0     18,300          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                     197,742     11,352     76,329      8,236     11,066     11,608     13,162     23,653      7,512        832      6,590      5,851     21,552
                   Notes (3)                 220,699     12,670     85,190      9,192     12,351     12,956     14,690     26,399      8,384        929      7,355      6,530     24,054
                   Bonds (4)                  85,698      4,920     33,080      3,569      4,796      5,031      5,704     10,251      3,255        361      2,856      2,536      9,340
     Total bought outright(5)                504,139     28,942    194,599     20,998     28,212     29,594     33,557     60,303     19,151      2,122     16,800     14,916     54,946
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             504,139     28,942    194,599     20,998     28,212     29,594     33,557     60,303     19,151      2,122     16,800     14,916     54,946
       Total loans and securities            522,727     28,963    212,953     21,021     28,220     29,602     33,571     60,349     19,181      2,142     16,825     14,922     54,978

Items in process of collection                 9,756        552      1,055        419        338      1,013      1,182        666        335        510        572        665      2,448
Bank premises                                  1,389         94        164         50        157        124        174        106         33        127         50        145        165
Other assets(5)                               33,536      1,593     11,119      1,213      1,997      5,197      2,208      3,234        985        685        967      1,026      3,312
Interdistrict settlement account                   0    + 2,032    + 7,249    - 1,513    + 2,019    -   278    +   770    -   969    -   393    -   685    -   993    - 5,492    - 1,746
          TOTAL ASSETS                       585,153     34,092    239,434     21,809     33,570     36,987     39,208     65,062     20,703      3,048     17,977     12,178     61,086

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  $        202 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  $         58 million
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     20,053 million matched sale-purchase transactions outstanding at the end of the latest statement week.
   Includes securities loans of $          3 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     April 12, 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                         537,607     31,531    225,362     20,340     30,888     30,315     35,942     60,450     19,334      1,613     16,422     10,535     54,873
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits
  Depository institutions                      13,159      1,115      1,928        446      1,144      1,885        830      2,068        553        331        572        609      1,679
  U.S. Treasury--general account                5,833          0      5,833          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      146          1        122          1          2          8          2          3          1          1          1          1          3
  Other                                           277          0        139          0          9        120          2          1          0          0          3          1          1
    Total deposits                             19,416      1,116      8,023        447      1,155      2,012        834      2,072        554        333        576        611      1,683
Deferred credit items                           9,173        552      1,137        383        326        913      1,076        696        273        483        414        398      2,522
Other liabilities and accrued
  dividends (2)                                 4,856        285      1,674        217        281        341        361        558        201         71        187        174        505
    TOTAL LIABILITIES                         571,051     33,484    236,196     21,388     32,650     33,581     38,213     63,775     20,363      2,500     17,599     11,718     59,584

       CAPITAL ACCOUNTS
Capital paid in                                 6,746        289      1,492        202        443      1,675        481        616        160        271        181        217        720
Surplus                                         6,431        289      1,325        199        444      1,691        460        578        158        235        179        211        660
Other capital accounts                            925         30        421         19         32         40         53         92         22         42         18         32        122
     TOTAL LIABILITIES AND CAPITAL
        ACCOUNTS                              585,153     34,092    239,434     21,809     33,570     36,987     39,208     65,062     20,703      3,048     17,977     12,178     61,086

FEDERAL RESERVE AGENTS' ACCOUNTS

F.R. notes outstanding                        786,222     40,598    314,941     29,750     39,192     51,318     59,793     74,915     25,105     10,615     23,306     34,533     82,157
  Less--Held by F.R. Banks                    248,615      9,067     89,578      9,410      8,304     21,003     23,852     14,465      5,771      9,002      6,884     23,997     27,283
  F.R. notes, net                             537,607     31,531    225,362     20,340     30,888     30,315     35,942     60,450     19,334      1,613     16,422     10,535     54,873
Collateral held against F.R. notes
   Gold certificate account                    11,048
   Special drawing rights
     certificate account                        6,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        520,359
     Total collateral                         537,607

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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