Board of Governors of the Federal Reserve System

for us to be much more explicit about our operating targets. The second...keyed at least semi-automatically to changes in reserves or monetary aggregates

best- preserved paper copies, scanning those copies,1 and then making ...and oil prices weakened substantially in yesterday's trading. We now are

for, what was agreed with the Treasury, will be the last of the 90-day...and, in part, as a result of the increasing pressure on the Japanese banks

best- preserved paper copies, scanning those copies,1 and then making ...CD's of 4 years or more. Given these assumptions, and our assessment of

price indexes were down on the period; stock prices of financial firms...the Government National Mortgage Association) rose in July, extending

best- preserved paper copies, scanning those copies,1 and then making ...CD's. (5) Net borrowed reserves at member banks during the past three

Meeting of the Federal Open Market Committee Meeting August 16, 1994 A meeting of the Federal Open Market Committee was held in the offices

compared with about $70 million in the prior period. The Federal funds...and-loan-account privileges, were acquired by commercial banks, and bank

key results are discussed throughout this memorandum. In addition, staff

pricing on numerous occasions, resulting in a 166-percent price increase...prices to merchants, prices that every merchant that accepted these cards