Board of Governors of the Federal Reserve System

credit proxy increased sub stantially. Market interest rates, particularly...U.S. balance of payments remains in deficit. In light of the foregoing

U.S. merchandise imports over exports persisted. The narrowly defined ...credit proxy expanded sharply in July, reflecting strength in both private

U.S. merchandise trade balance improved in June, and the balance on goods...credit has continued at a substantial pace. Since mid-July short-term

5 12 USC. 3105(i). 6 Because Sertin no longer has operations in the United...credit union charter (12 U.S.C. 1772d). -5- reviewing the Bancomer matter

s notice of proposed rulemaking on Regulation II (Regulation II proposal

U.S. households. Meanwhile, U.S. economic growth appears to have picked...5 - Of course, the economic outlook is inherently uncertain, and, as always

5 Foreign currencies4 . . . . . . . . . . . . . . . . . . . . . 31,238...U.S. Treasury bills, notes, and bonds and nonmarketable U.S. Treasury

5, 1999). The time for filing comments has expired, and the Board has ...Credit Bank, Seoul, Korea, which, until the merger, operated a branch

.5 In evaluating this factor, the Board places particular emphasis on ...5 12 U.S.C. § 1842(c)(2). 6 See 12 U.S.C. § 4701 et seq. 7 See 12 C.F.R

s mail room between 8:45 a.m. and 5:15 p.m. on weekdays and to the security...credit unions. Depositary bank refers to the bank of first deposit (see