Board of Governors of the Federal Reserve System

A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington

balance of payments was in consid erable deficit during the first quarter...balance of payments. To implement this policy, the Committee desires to

balance of payments deficit on the liquidity basis diminished in the third...balance of payments. To implement this policy, the Committee seeks to

balance of payments deficit on the liquidity basis in the fourth 1/12/...balance of payments. To implement this policy, the Committee seeks to

balance remained in heavy deficit in August. Outflows of short term capital...balance of payments. To implement this policy, the Committee seeks to

balance of payments, the current account deficit has been largely offset...balance of payments. To implement this policy, while taking account of

balance since mid-August, while rates on most types of longer-term securities...balance of payments. To implement this policy, while taking account of

balance 7/15/75 registered a substantial surplus, as imports dropped more...balance of payments. To implement this policy, while taking account of

balances at the Fed climbed above expectations. In the first couple of...balances ebbed, the rate slipped back to the anticipated 9 percent area

balance, since January, although they remain below the very high levels