California’s major reservoirs are holding 69 percent more water than a year ago, the U.S. government announced Friday, but regulators warned that drought conditions continue to plague the state. In its annual inventory of water in storage, the U.S. Bureau of Reclamation said the six key reservoirs owned by the federal government’s Central Valley Project held a combined 4.9 million acre-feet of water as of Oct. 1, the beginning of the “water year” that runs through next September. That figure compared with 2.9 million acre-feet a year earlier.