Board of Governors of the Federal Reserve System

prices. A trading strategy based on this finding achieves significant ...and/or less informed traders. More importantly, the fact that short sellers

best- preserved paper copies, scanning those copies,1 and then making ...CD's has come to a halt. In May, time deposits are now estimated to rise

And, perhaps most importantly from my perspective as Fed Chair, he is ...best interest of the economy, without regard to the political pressures

and, as you know, we have explored the possibility of joining directly...best wishes, Sincerely, The Honorable William McC. Martin, Jr. Chairman

key issues, including: 1. Must rates be based on individual issuer costs...key issues raised by the Act, a brief background on utility rate making

compared to 5.20 percent for the large credit card banks.6 One difficulty...pricing behavior and cardholder profiles, and consequently the profitability

compared to mechanisms that operate at the level of individual institutional...prices, liquidity hoarding that raises funding costs in interbank markets

and--given the breadth and complexity of this new body of regulation--...the governed have a right to know the rules imposed on them by the government

compared to less than half of African Americans and Hispanics.6 And consider...compared to one in four African Americans and 17 percent of Hispanics.7

key sectors, such as the high-tech and energy extraction industries. Yet...and, in New York, several retailers noted a resurgence in home goods sales