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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
                                                                                         September 30, 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     Sep 29, 1999 Sep 22, 1999 Sep 30, 1998 Sep 29, 1999

Reserve Bank Credit  (1,2)                                  537,415    -   1,009    +  49,508      543,032
  U.S. government securities			        		      		     		
    Bought outright-system account (3)                      489,966    -   1,040    +  43,727      491,019
    Held under repurchase agreements                          2,871    +     933    -   2,570        5,220
  Federal agency obligations			        		      		     		
    Bought outright                                             238            0    -     165          238
    Held under repurchase agreements                          9,728    -   1,427    +   8,558       11,183
  Acceptances                                                     0            0            0            0
  Loans to depository institutions

    Adjustment credit                                           101    +      29    -      37          105
    Seasonal credit                                             304    +      21    +     132          313
    Extended credit                                               0            0            0            0
   Float                                                        228    +      72    -     568          612
   Other F.R. assets                                         33,979    +     403    +     430       34,342
Gold stock                                                   11,048    +       2    +       3       11,048
Special drawing rights certificate account                    7,200            0    -   2,000        7,200
Treasury currency outstanding                                27,263    +      14    +   1,272       27,263
        Total factors supplying reserve funds               582,925    -     993    +  48,781      588,542
						        		      		     		
Currency in circulation*                                    542,403    -      27    +  49,612      544,082
Treasury cash holdings*                                          93    +       7            0           93
Deposits,other than reserve balances,with F.R.Banks     		      		     		
  Treasury                                                    7,403    -     109    +     414        8,232
  Foreign                                                       218    -      47    +      17          191
  Service-related balances and adjustments (4)                7,325    +     400    +     334        7,325
  Other                                                         223    -      25    -     130          191
Other F.R. liabilities and capital                           18,606    +       5    +   1,400       18,485
        Total factors, other than reserve balances,     		      		     		
        absorbing reserve funds                             576,270    +     203    +  51,646      578,599

Reserve balances with F.R. Banks  (5)                         6,655    -   1,196    -   2,865        9,944
						       		      		     		
On September 29, 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    617,995 million, a change of
 +$  3,515 million for the week.  The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1  Net of $     17,585 million daily average, matched sale-purchase transactions outstanding during the
   latest statement week, of which a net of $     17,585 million was with foreign official and international
   accounts.  Includes securities loaned--fully secured by U.S. government securities.
2  Net of $     16,534 million matched sale-purchase transactions outstanding at the end of the latest
   statement week, of which a net of $     16,534 million was with foreign official and international
   accounts.  Includes $      2,523 million securities loaned--fully secured U.S. government securities.
3  Includes $      5,108 million of inflation-indexed securities valued at the original face amount and
   $        171 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
4  Consists of required clearing balances of $      6,817 million and adjustments of $        508 million to
   compensate for float.
5  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
                                                           Sep 29, 1999     Sep 22, 1999     Sep 30, 1998
                ASSETS
Gold certificate account                                        11,048                0        +       4
Special drawing rights certificate account                       7,200                0        -   2,000
Coin                                                               287        +       3        -     130
					
Loans                                                              418                0        -     637
Acceptances                                                          0                0                0
Federal agency obligations		
  Bought outright                                                  238                0        -     165
  Held under repurchase agreements (1)                          11,183        -   3,694        +   9,084
U.S. government securities		
  Bought outright--Bills                                       199,165        -      39        +   3,301
                   Notes (2)                                   211,801        +       3        +  27,615
                   Bonds (3)                                    80,053        +       1        +  14,057
    Total bought outright (4)                                  491,019        -      35        +  44,972
  Held under repurchase agreements (1)                           5,220        +     327        -   6,915
     Total U.S. government securities                          496,239        +     293        +  38,057
       Total loans and securities                              508,078        -   3,402        +  46,340
					
Items in process of collection                      (742)        6,978        +      86        +     524
Bank premises                                                    1,337        +       3        +      42
Other assets (5)                                                33,009        +     418        -   1,319
                TOTAL ASSETS                        (742)      567,937        -   2,890        +  43,461
					
                LIABILITIES
Federal Reserve notes                                          517,199        +   1,000        +  48,440
Deposits		 		
  Depository institutions                                       16,996        -   3,844        -   8,710
  U.S. Treasury--general account                                 8,232        +     511        +   3,280
  Foreign--official accounts                                       191        +      30        -     156
    Other                                             (0)          191        -      53        -     158
      Total deposits                                  (0)       25,609        -   3,357        -   5,744
Deferred availability cash items                    (742)        6,643        -     467        -      68
Other liabilities and accrued dividends (6)                      5,012        -      56        +     375
                TOTAL LIABILITIES                   (742)      554,464        -   2,879        +  43,004
					
                CAPITAL ACCOUNTS
Capital paid in                                                  6,329        +      11        +     419
Surplus                                                          5,952                0        +     732
Other capital accounts                                           1,192        -      23        -     694

*Figures in parentheses are the eliminations made in the consolidation process.
1  Does not include U.S. government and federal agency securities resold under matched sale-purchase
   transactions to foreign official and international accounts of which $          0 million was outstanding
   at the end of the latest statement week.
2  Includes $      3,938 million of inflation-indexed securities valued at the original face amount and
   $        141 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
3  Includes $      1,170 million of inflation-indexed securities valued at the original face amount and
   $         30 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
4  Net of $     16,534 million matched sale-purchase transactions outstanding at the end of the latest
   statement week.  Includes $      2,523 million securities loaned--fully secured by U.S. government
   securities.
5  Includes assets denominated in foreign currencies, revalued monthly at market exchange rates.  Includes
   special investment account at Chicago of $          0 million in Treasury bills maturing within 90 days.
6  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, September 29, 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
                    Loans   Acceptances                           securities (1)           obligations
                                                                           Weekly                 Weekly
                                                               Holdings    changes    Holdings    changes
Within 15 days        372          0     Within 15 days          19,310   +   4,581     11,223   -   3,664
16 to 90 days          46          0     16 to 90 days           97,374   -   4,437         17   -      30
Over 90 days            0          0     91 days to 1 year      142,227   +     145         51           0
                                         Over 1 to 5 years      122,349   +       1         10           0
                                         Over 5 to 10 years      50,204   +       3        120           0
                                         Over 10 years           64,777   +       1          0           0
    Total             418          0         Total              496,239   +     293     11,421   -   3,694

1  Includes $      5,108 million of inflation-indexed securities valued at the original face amount and
   $        171 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
Components may not add to totals due to rounding.


H.4.1 (b)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON September 29, 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                      11,048        533      4,435        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                                             287          6         13         14         26         38         34         32         18         12         20         39         36
				
Loans                                            418          2          0          6          0          0         86         72         90         71         60          0         30
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Federal agency obligations	
  Bought outright                                238         12         95          7         14         18         14         22          8          3          7         12         26
  Held under repurchase agreements(1)         11,183          0     11,183          0          0          0          0          0          0          0          0          0          0
U.S. government securities	
  Bought outright--Bills                     199,165     10,299     79,317      5,965     11,529     14,983     12,123     18,706      6,551      2,382      5,973      9,924     21,414
                   Notes (2)                 211,801     10,953     84,349      6,344     12,260     15,934     12,892     19,892      6,967      2,533      6,351     10,553     22,772
                   Bonds (3)                  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(4)                491,019     25,392    195,546     14,707     28,422     36,939     29,888     46,117     16,152      5,873     14,725     24,466     52,793
  Held under repurchase agreements(1)          5,220          0      5,220          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             496,239     25,392    200,766     14,707     28,422     36,939     29,888     46,117     16,152      5,873     14,725     24,466     52,793
       Total loans and securities            508,078     25,407    212,044     14,720     28,436     36,957     29,988     46,211     16,250      5,947     14,792     24,478     52,848
				
Items in process of collection                 7,719        356        857        367        315        600        838        600        390        593        463        298      2,042
Bank premises                                  1,337         93        164         50        156        124        121        107         31        129         52        146        164
Other assets(5)                               33,009      1,481     11,131        968      1,937      4,531      2,065      2,942        819        749        838      1,355      4,194
Interdistrict settlement account                   0    + 2,640    + 5,382    + 4,977    - 1,316    - 8,015    + 5,265    +15,184    + 2,373    - 5,382    + 1,218    -22,035    -   291
          TOTAL ASSETS                       568,679     30,872    236,847     21,632     30,467     35,669     39,560     66,706     20,422      2,278     17,898      5,253     61,075

1  Does not include U.S. government and federal agency securities resold under matched sale-purchase
   transactions to foreign official and international accounts, of which $          0 was outstanding at the
   end of the latest statement week.
2  Includes $      3,938 million of inflation-indexed securities valued at the original face amount and
   $        141 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
3  Includes $      1,170 million of inflation-indexed securities valued at the original face amount and
   $         30 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
4  Net of $     16,534 million matched sale-purchase transactions outstanding at the end of the latest
   statement week.  Includes $      2,523 million securities loaned--fully secured by U.S. government
   securities.
5  Includes assets denominated in foreign currencies, revalued monthly at market exchange rates.  Includes
   special investment account at Chicago of $          0 million in Treasury bills maturing within 90 days.
Components may not add to totals due to rounding.


H.4.1 (c)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON September 29, 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                        517,199     28,234    218,568     20,343     28,212     28,688     35,832     62,734     19,194        497     16,356      3,438     55,103
Deposits			      	
  Depository institutions                     16,996      1,314      4,042        440        820      2,655      1,656      1,703        423        673        579        810      1,881
  U.S. Treasury--general account               8,232          0      8,232          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                     191          7         75          4         10         30         10         14          3          5          3          6         24
  Other                                          191         23        138          1        -21         36          4          1          4          0          2          2          2
    Total deposits                            25,609      1,344     12,487        445        809      2,721      1,670      1,718        429        678        584        818      1,907
Deferred credit items                          7,384        456        797        285        301        589        850        585        303        589        432        305      1,893
Other liabilities and accrued	      	
  dividends (1)                                5,012        236      2,145        158        261        358        308        420        170         89        163        228        476
    TOTAL LIABILITIES                        555,205     30,269    233,997     21,231     29,583     32,356     38,660     65,456     20,097      1,854     17,535      4,789     59,379
				      	
       CAPITAL ACCOUNTS		      	
Capital paid in                                6,329        289      1,319        194        433      1,632        436        603        157        209        174        213        670
Surplus                                        5,952        267      1,208        177        399      1,238        418        583        121        202        140        227        972
Other capital accounts                         1,192         47        323         31         52        444         45         63         47         12         48         24         55
     TOTAL LIABILITIES AND CAPITAL    	
        ACCOUNTS                             568,679     30,872    236,847     21,632     30,467     35,669     39,560     66,706     20,422      2,278     17,898      5,253     61,075
				      	
FEDERAL RESERVE AGENTS' ACCOUNTS      	
				      	
F.R. notes outstanding                       824,276     39,775    329,020     31,508     38,982     55,932     60,837     80,981     26,765     11,605     25,180     37,536     86,155
  Less--Held by F.R. Banks                   307,076     11,541    110,452     11,166     10,770     27,244     25,005     18,247      7,571     11,109      8,824     34,098     31,051
  F.R. notes, net                            517,199     28,234    218,568     20,343     28,212     28,688     35,832     62,734     19,194        497     16,356      3,438     55,103
Collateral held against F.R. notes    	
   Gold certificate account                   11,048
   Special drawing rights	      	
     certificate account                       7,200
   Other eligible assets                           0
   U.S. govt. and agency securities          498,952
     Total collateral                        517,199

1  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.`

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