Board of Governors of the Federal Reserve System

compared with an increase of $9.5 billion in the pre ceding quarter. Although...half-and that the surplus on the "official settle ments" basis was smaller

developments—the growing role of digital private money, the migration ...explore—and try to anticipate—the extent to which households’ and businesses

Price paid by MLF for note [Price per $100 face value) Current outstanding

The Increasing Deflationary In- fluence of Consumer Digital Access Services...price for, say, internet services may be naturally constructed as price

prices. Core inflation, however, has remained modest. Labor Market Developments

Key words and phrases: Dynamic Factor models, unit root processes, common...and/or from sectorial and regional dynamics, and influencing just one

best- preserved paper copies, scanning those copies,1 and then making ...prices .............................. 20 Recent changes in producer prices

price area. Mr, Rouse also commented that this was the end of the eighth...compared with a decline of a half billion dollars in the corresponding

and, as a result, inventory overhangs emerged in a number of areas. Consumer...prices tumbled in the last three months of 2008, as consumer energy prices

prices accelerated. Prices of foods continued to rise sharply both at ...prices of industrial commodities were large and widespread. Another wave