In response to a directive from Congress to the U.S. Geological Survey to 'prepare a report describing the scope and magnitude of the efforts needed to provide periodic assessments of the status and trends in the availability and use of freshwater resources,' of the United States, a program is proposed to develop and report on indicators of the status and trends in storage volume, flow rates, and uses of water nationwide. This program would be analogous to the task of other Federal statistical programs that produce and regularly update indicator variables that describe economic, demographic, and health conditions of the Nation. The assessment also would provide regional estimates of recharge, evapotranspiration, interbasin transfers, and other components of the water cycle.