Board of Governors of the Federal Reserve System

months. Industrial production continues at a high level although, because...month of July. New automobile sales were at a somewhat slower rate during

month bill rate, to around 4.50 per cent, and by roughly commensurate ...month. The decline in the Federal funds rate was in part the result of

month projected at the last FOMC meeting. (After including borrowing abroad...month's growth in the money supply occurred early in the month, 1/ The

months since December at an annual rate of about 7.5 per cent. New orders

months. Purchases of consumer goods other than autos have risen sharply...months. Indicators of current trends in residential construction activity

month to 1-year maturities are down significantly on balance. The 3-month...Months Past 6 Months Past 3 Months Past Month Dec. '72 Mar. '73 Mar. '

month. At the time of this meeting the market rate on 3-month Treasury...month to month the rates of growth of the various aggregates might well

months of decline- rose moderately further, reflecting in large part gains...month to month short-run factors might cause the rates of growth of the

months ending in December, a few tenths of 1 percentage point below the

months ago, continues at a high level. Farm markets continue under pressure...months. Demands for credit, in the aggregate, given such orderly economic