Board of Governors of the Federal Reserve System

tax-and-loan account balances. During the period as a whole the effective...and the 3-month bill rate rose from around 6.10 per cent in late May to

policy actions taken by the Federal Open Market Committee at its meeting...POLICY ACTIONS OF THE FEDERAL OPEN MARKET COMMITTEE Meeting held on July

background of recent substantial losses of international reserves by France...and hence of the money stock and the bank credit proxy--had recently been

policy actions taken by the Federal Open Market Committee at its meeting...POLICY ACTIONS OF THE FEDERAL OPEN MARKET COMMITTEE Meeting held on September

and, after a brief resumption of trading, again on Monday, September 29...background of continuing credit restraint and limited availability of

and renewed hopes for peace in Vietnam had led to a growing belief that...and at nonbank thrift institutions as well--following quarterly interest

policy actions taken by the Federal Open Market Committee at its meetings...POLICY ACTIONS OF THE FEDERAL OPEN MARKET COMMITTEE Meeting held on November

policy actions taken by the Federal Open Market Committee at its meetings...POLICY ACTIONS OF THE FEDERAL OPEN MARKET COMMITTEE Meeting held on November

policy actions taken by the Federal Open Market Committee at its meeting...and would be eliminated as of July 1), and social security benefits had

and a retroactive payment for the period since January 1--under legislation...background of additional reports indicating weakness in the economy. Subsequently