Based on information from the 1988-89 IPEDS (Integrated Postsecondary Education Data System) Academic Libraries Survey, this report presents data from the higher education institutions in IPEDS, i.e., all colleges and universities with accreditation at the higher education level in the 50 states and the District of Columbia. Analyses of these data indicate that the three largest individual expenditure items for libraries at the 3,438 institutions of higher education were salaries and wages, current serial subscription expenditures, and print material expenditures. It was also found that libraries of the 466 doctoral-granting institutions (13.6% of the total) accounted for more than half of the 101,000 operating expenditures of almost $2.8 billion, half of the 101,000 full-time equivalent (FTE) staff, and more than half of the total of 200 million circulation transactions at all academic libraries. The number of volumes held at all academic libraries at the end of fiscal year 1988 totaled almost 720 million. The narrative portion of this report includes highlights of the findings, a brief introduction, technical notes, and definitions. Detailed data are presented in tables for library operating expenditures, FTE library staff, library collections, library loan transactions, and library service per typical week. A copy of the questionnaire and instructions for its use are included. (MAB)