Board of Governors of the Federal Reserve System

Treasury yields have decreased about 15 basis points, on net, since the...yields dropped on the FOMC’s announcement of its plans to expand the scale

policy deliberations. Board members and Reserve Bank Presidents had discussed...Treasury operations in foreign currencies for the period September 10

Treasury's refundings of the past twelve months and to be in a position...concern abo

policy. Longer-run projections represent each participant’s assessment...policy 1 3 14 1 Appropriate timing of policy firming Number of participants

fiscal year and the fiscal year 1943, the Treasury would have to borrow...fiscal 1942 and $16,500,000,000 in fiscal 1943) 9/27/41 -6 and, if nothing

Treasury balances, the Manager requests a temporary increase to a level...Treasury balances, the Manager requests a temporary increase to a level

policy reaction function, and is no longer constrained to be consistent...and, in particular, investment. Negative productivity shocks have also

concerns about the uncertainty and confusion generated by the significant...concerns, several members recommend that the Federal Reserve permit bank

and, beginning in May, to provide reserves needed for moderate bank credit...gold outfiow without exerting undue downward pressure on short term Treasury

policy co-movements with debt-stabilizing fiscal policy more likely accompanying...fiscal policy rule coefficients. They find that mone- tary and fiscal