Board of Governors of the Federal Reserve System

high-yield (or “junk”) bond issuance in total corporate bond issuance ...yields somewhat smaller and more stable estimates—which we take as our

Treasury Tax and Loan account withdrawals and part, no doubt, to the gold...Treasury bonds of 1969. While the prices of the 4' s--and some surround

Treasury gold stock was being reduced by $100 million 7/26/66 -3 today...concern of the market was based on fears that the Government might be

policy directive." It is contemplated that this memorandum will be considered...policy directive In a memorandum dated November 10, 1976, the Subcommittee

Treasury gold stock this week. The gold balance in the Stabilization Fund...Treasury gold stock within the next two or three weeks. On the London

fiscal tightening. With dollar interest rate differentials against both...gold and on the Swiss franc than on the dollar. Instead, the dollar once

policy. The Treasury's interest in the market stems quite naturally, of...Treasury's, fundamental policy posture and operating methods. In undertaking

Treasury is providing $25 billion as credit protection to the Reserve

policy determination is dangerous and risks denial of needed flex- ibility...policy and using them to make such policy effective. Neces- sarily, such

Treasury’s proposed financial stabilization plan and, in particular, the...Treasury. They have been very wide-ranging discussions, and, frankly,