Board of Governors of the Federal Reserve System

2 in table 2 and footnote 2 in table 3.) 3. Seasonally adjusted, break-adjusted...2, column 1) less unadjusted required reserves (table 2, column 3). 5.

209.2 288.6 388.2 489.2 497.6 440.2 538.3 560.8 694.6 957.9 1 2 Domestic...3.2 1.2 24 25 Credit market lending 209.2 288.6 388.2 489.2 497.6 440.2

2 In the 1990s, however, the Fed began to move toward greater transparency...2 See Marvin Goodfriend (1986), “Monetary Mystique: Secrecy and Central

5.2 3.1 2.8 2.8 1.8 3.9 6.2 31 32 Rest of the world 0.5 -0.1 2.8 2.6 0.6...8.2 10.0 16.9 19.4 14.6 13 14 Farm 2.2 1.9 2.0 2.2 1.8 1.1 2.6 3.0 4.4

0.2 2002 7.4 10.8 2.8 11.1 7.6 2003 8.1 11.9 2.2 8.3 10.9 2004 8.8 11.1...0.2 5.5 2.3 24.2 2009 3.0 -1.7 -2.7 4.8 22.7 2010 4.2 -1.9 0.3 4.4 20.2

2.2 0.0 1.5 2.0 2.2 2.3 16 17 Life insurance companies -0.1 1.1 0.2 0.7...10.2 -7.2 -17.0 -24.2 26.5 -4.7 25.8 -2.6 31.2 28 29 Nonfarm noncorporate

2:00 p.m., E.S.T. Wednesday March 5, 2014 Summary of Commentary on ___

.2 2 L.2 52 Credit Market Borrowing by Financial Sectors F.3 2 L.3 52 ...2.6 13 14 Bank holding companies 16.6 10.7 14.3 5.2 6.2 -27.7 -2.5 2.3

2.2 2.1 3.2 4.0 9 10 Financial sectors 3.0 2.6 2.9 0.2 6.7 4.9 2.3 4.6...2.7 3.4 1.6 2.2 2.7 3.6 9 10 Mortgages 16.2 14.6 12.2 15.4 19.2 17.3 20.6

Q2. Is it acceptable for an institution to articulate a leveraged loan...2 of 8 requirements) should also be captured within the leveraged lending