Board of Governors of the Federal Reserve System

2> 7. Q2 <2> 5. 03 <2> 5. 04 <2> 3- q0 01 02 Q3 04 1991 01 <2> Q2 Q3 Q4...2> 7.8 1989 Q4 <2> 5.6 '90 Q4 <2> 4.5 1 Q4 5.1 2 Q4 5.9 2.6 2.6 1.0 1.0

.2 Though a stringent quality assurance process was employed, some imperfections...2-1/2 percent, on average, this year and next. Owing to the initial conditions

$2 billion. Established by late pharmaceutical entrepreneur and philanthropist...2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 P er ce nt The unemployment

2 percent or so in 1999 and about 2-1/4 percent in 2000. Given this path...2 percent in 1998, about 1-1/2 percent in 1999, and 2-1/4 percent in 2000

$2.4 billion, nearly one third of which were securities maturing in over...2) raised maximum interest rates payable by member banks on time deposits

2 to 4 per cent. Raised maximum interest rates payable on sav ings deposits...2 per cent above the second quarter level, and it appeared that the unusually

2 to 4 per cent. Raised maximum interest rates payable on sav ings deposits...5.2 per cent. Although declines in output in the auto and closely related

.2 Though a stringent quality assurance process was employed, some imperfections...2 A two-step process was used. An advanced optimal character recognition

MEMORANDUM OF DISCUSSION A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve

2.2 Previous -.5 1.1 Final sales 2.1 3.3 Previous 1.3 3.0 Unemployment...2 5.7 5.8 Previous 5.8 6.0 Industrial production -2.7 1.1 Previous -3.5