Board of Governors of the Federal Reserve System

MEMORANDUM OF DISCUSSION A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve

balance. If a collapse had occurred, the System probably would have been...balance credit package negotiated at Basle last June. In addition the

A Joint Publication of the Federal Reserve Banks of Boston and Cleveland and the Federal Reserve Board September 2010 Research and Commentary

balance 3/29-30/82 of the first quarter consistent with bringing growth...balance over the intermeeting interval and long-term yields fell about

balance since the beginning of the year. Apart from sales of motor vehicles...balance has shown only limited indications of improvement. Increases in

balance, at a fairly vigorous pace, and production of materials posted...balance over the previous several months. Excluding food and energy, producer

balance, since the June Greenbook. We assume that long- term rates will...balance, since the June Greenbook. Stock prices have been supported by

balance of payments on the liquidity basis appears to have reverted to...balance in surplus. In this situation, it is the policy of the Federal

TRANSCRIPT FEDERAL OPEN MARKET COMMITTEE MEETING May 17, 1977 Prefatory Note This transcript has been produced from the original raw transcript

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