Board of Governors of the Federal Reserve System

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

balances used t o calculate por t fo l io loss rates exc lude loans held

balance Annual 1999 -261.8 -8.5 -54.0 -324.4 2000 -375.7 -9.6 -59.3 -444.7...balance of payments capital flows included preliminary data for direct

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

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

balance of payments--which had been in sub stantial deficit in January...balance since the begin ning of February, despite a very heavy calendar

balance, which had improved substantially in March, was in surplus in

balance of payments basis, the trade deficit had narrowed substantially...balance on the official settlements basis, after having been in substantial

balance of payments deficit on the "liquidity" basis of calculation was...balance, as a result of repayment of the tax related borrowings of late

balance this year as gains in factory output had about matched the expansion...balance from their level in the first quarter. Expenditures for non-energy