Board of Governors of the Federal Reserve System

Release Date: May 14, 1997 For immediate release The Federal Reserve Board today announced its approval of the notice of Banc One Corporation, Inc

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Key Elements of the Plan for the Rapid and Orderly Resolution of the U.S...and/or packaged with wholesale deposits. Unaffiliated creditor claims

prices remain low. Energy activity in most regions has been slow to react...prices, although expectations of a solid recovery are high. Labor markets

the ‘U.S. Plan’) is being filed pursuant to section 165(d) of the Dodd...the Act’) and its implementing rules1 (together, the ‘Regulations’). The

and, perhaps, in Latin America as well. Few, if any, American jobs would...and, hence, to world and U.S. economic growth. Rapid accumulation of foreign

best to achieve the goals Congress has given us: maximum employment and...price stability. We believe monetary policy is well positioned to serve

value—and assumptions about other factors likely to affect economic outcomes...best satisfy his or her individual interpretation of the statutory mandate

best- preserved paper copies, scanning those copies,1 and then making ...price premiums have developed. KEY INTEREST RATES 1968-69 1969 Low High

key factors that U.S. policymakers focused on in advance of previous episodes