Board of Governors of the Federal Reserve System

Treasury and agency financing................................... 10 Gross...yields...................... 12 Yield spread: GNMA less Treasury yields

Treasury Securities and Deposits at Federal Reserve Banks from the Supplementary...Treasury securities and deposits at Federal Reserve Banks from the supplementary

yields on 3-month Treasury bills increased several basis points further...yields on long-term Treasury securities edged up after late September.

Treasury’s Supplementary Financing Account (SFA) would increase reserves...and, in any event, that the macro- economic effects of the increase in

Treasury’s Supplementary Financing Account (SFA) would increase reserves...and, in any event, that the macro- economic effects of the increase in

gold, and that willingness permitted a start to be made on seri- ous discussion...gold price, on a new pattern of exchange rates, on wider bands, 12/14/

policy directive requested by the Committee at its meeting of March 3,...and the interested public with respect to the policy actions of the Committee

policy. Specifically, plaintiffs claim: (1) that section 12A of the Federal...concerns: 1) Judge Edwards pressed plaintiffs' counsel to explain how

Treasury Yields* Daily *Nominal Treasury yields are estimated from a smoothed...yields owed to their real components. With concerns about the economic

open-and- shut case for reducing it. The complication, of course, is that...supply-and-demand effects in the long-term bond market. As the Fed buys