Board of Governors of the Federal Reserve System

2,000 National Bank of Denmark 250 Bank of England 3,000 Bank of France...2,000 German Federal Bank 2,000 Bank of Italy 3,000 Bank of Japan 2,000

2 of the authorization for System foreign currency operations was amended...2) the Bank of Italy, from $600 million equivalent to $750 million equivalent

2 of the authorization for System foreign currency operations, effective...2, 1969, was ratified.1/ By unanimous vote, the System open market transactions

$2,351,000 of bonds. The latest report, he said, was that the selling ...2- 9/18/39 -3 there had been some selling of Government securities on

2 Messrs. Hitt and Powell, First Vice Presidents of the Federal Reserve...2:15 p.m. with the same attendance as at the end of the morning session

2 account on November 17, 1949. Upon motion duly made and seconded, and...2) Treasury financing, under date of November 10, 1949. Mr. Thomas summarized

2 changed little, and M-3 grew at a relatively slow rate. With interest...2 and M-3 remained at reduced levels. During the two-month period, banks

.2 2 Debt Outstanding by Sector D.3 3 Total Net Borrowing and Lending ....2 5 L.2 54 Credit Market Borrowing by Financial Sectors F.3 5 L.3 54

2 - continued to trend down. Nonetheless, while layoffs have started to

2 - losses at many financial institutions, strained conditions in financial...2) the loan be authorized by the affirmative vote of not less than five