Board of Governors of the Federal Reserve System

prices and the volume of credit in the stock market had declined to levels...prices was holding stable and the average of consumer prices was still

change-over-and in steel production approximately offset by rises in other...compared with a 1.5 per cent increase in 1962 as a whole. Conditions in

the, in a hospitality suite at the American Economic Association. I had...compared with what those prospects actually are. To what extent might

key factors conditioning our forecast have become more supportive of economic...best we can judge, this assumption does not appear to be far from market

and, consequently, might come under further pressure from creditors. To...pricing that was unattractive under normal financial conditions--aimed

the “EU”) in December 2011, Portigon AG has acted under a strategic plan

key role in providing liquidity in the market for U.S. Treasury securities...key to the amount of credit they extend to clients and their ability to

percent—and we continue to reduce the Fed’s securities holdings. Since...price index showed lower core inflation, a measure that excludes food

prices of many goods and services, it also indirectly affected the values...best area- probability sample with no nonresponse would not provide a

for, and to make loans to, SMEs in a wide range of industries. Most of...Small-and-medium-sized Enterprise Banking; (ii) Retail Banking; (iii)