Board of Governors of the Federal Reserve System

2 RIGHT TO CANCEL You have a right to cancel this transaction, without...2 of 2 REFERENCE NOTES Variable Interest Rate: • Your loan has a variable

2/ Bryant, Doll,2/ Gramley, 2/ Hocter,2/ Parthemos, 2/ Pierce,2/ and Reynolds...2/ Associate Economists 1/ Entered meeting at point indicated. 2/ Attended

2-1/2 percent from the 3.7 percent we had last week. [Growth of] M-1B ...2 percent. M-1B growth looks as if it will be 7-1/2 percent, and M2 growth

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

1.2 1.7 -2.5 2.3 8.3 2.9 3.1 2.3 5.1 3 4 Time and savings deposits -0.2...2) 2.8 2.8 2.6 2.0 1.1 1.8 2.1 1.6 3.5 2.6 4.6 1.1 4.3 17 18 Equity in

.2 Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications...2 2of Actions under delegated authorityH.2 BS&R C&CA FOMC Banking Supervision

.2 Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications...2 2of Actions under delegated authorityH.2 BS&R C&CA FOMC Banking Supervision

2.5 7/1 1.2 0.4 August FOMC July FOMC 7/1 0.8 Page 2 Germany and Japan...1.2 2YR minus FF Target Rate Augu s t FOMC 1 0.7 30YR minus 2YR 7/1 7/

2 percent against the Japanese yen. The major reason is the pull of substantially...$2.7 billion of marks swap debt. The overall swap operation since last

2.57 DM. During the subsequent six weeks, the dollar declined by about...M2. Bearing in mind the strength of M2, there were no upward adjustments