Board of Governors of the Federal Reserve System

3 in table 2 and footnote 4 in table 3.) 6. Prorated averages of biweekly...3) Banks reserves balances (4) (6) (8) -------------------------------

3 in table 2 and footnote 4 in table 3.) 6. Prorated averages of biweekly...3) Banks reserves balances (4) (6) (8) -------------------------------

3 in table 2 and footnote 4 in table 3.) 6. Prorated averages of biweekly...3) Banks reserves balances (4) (6) (8) -------------------------------

3 in table 2 and footnote 4 in table 3.) 6. Prorated averages of biweekly...3) Banks reserves balances (4) (6) (8) -------------------------------

3 in table 2 and footnote 4 in table 3.) 6. Prorated averages of biweekly...3) Banks reserves balances (4) (6) (8) -------------------------------

0.5 -0 3.1 -1.1 0.1 0.6 -3.7 -0.2 3 Federal government defined benefit...163.6 -187.5 62.2 -267.3 21.2 -566 -105.3 -171.5 31 10 Federal government

gmail.com, bora.durdu@frb.gov, egme@sas.upenn.edu. The views expressed....3 In other cases, the value of ψ is set by calibration or obtained via

32.6 percent of the voting shares of Heritage Bancshares Group, Inc., ...i) Stearns Bank, National Association, Saint Cloud, Minnesota; (ii) Stearns

5.4 3.3 10.9 -4.6 10.0 7.1 31.2 6.5 9 Pension funds; Treasury securities...8.5 -14.5 -5.1 19.0 30.6 10.6 19.3 15.6 38.6 18 Private pension funds;

3. 6. The seasonally adjusted, break-adjusted monetary base consists of...3, column 3) plus excess reserves NSA (Table 1, column 5). 3. To adjust