Board of Governors of the Federal Reserve System

Futures Brokerage Activities and Futures Commission Merchants Section 3030.1 Bank holding company subsidiaries, banks (gen- erally through operating

balance since mid-November, as a decline through the end of November was...balance remained well below the pace of last summer. Borrowings from Federal

balance. Rates on short-term Treasury bills were under particular pressure...balance during the period. In the Committee's discussion of the current

balance over the intermeeting period, nominal Treasury interest rates ...balances held to meet reserve and clearing requirements continued to edge

balance recently as banks have disposed of Government securities to accommodate...balance of payments. To implement this policy, System open market operations

balance of payments deficit on the liquidity basis was at a lower rate...balance of payments. To implement this policy, the Committee seeks to

balance of payments deficit in the fourth quarter was about as large as...balance of payments. To implement this policy, System open market operations

balance of pay ments remained in deficit on the official settlements basis...balance of payments. 5/21/74 To implement this policy, while taking account

balance on the official settlements basis, as bank-reported net outflows...balance of payments. To implement this policy, while taking account of

balance increase?] [YES. Your minimum payment covers only part of the