Board of Governors of the Federal Reserve System

balance of payments on the liquidity basis in the first quarter but the...balance on the official settlements basis remained in surplus as a result

balance of payments deficit on the liquidity basis remained very large...balance on the official settlements basis was still in surplus in the

Prefatory Note The attached document represents the most complete and accurate version available based on original copies culled from the files

balance over the January- February period despite the return to work in...balance since last autumn. In February, total industrial capacity utilization

balance, and the rise in homeownership costs slowed substantially. But...balance, as short-term interest rates in continental European countries

balance sheets of financial intermediaries. It is sometimes suggested,

balance of $79 million. During February, an order 2/8/66 -3 of at least...balance of payments reasons by the U.S. Treasury. There remained the fourth

BALANCE OF PATMENTS 1964 1963 1962 June May Apr. Q-l Q-IV Year Year Seasonally...Balance on regular trans. - .7 - 1.6 - 3.3 - 3.6 Exportsl/ 23.7 24.2 24.2

Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller

Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C. Dealer Networks