Board of Governors of the Federal Reserve System

Treasury financing operations. To iupply reserve funds in recognition ...lower liquidity ratios of banks were themselves exerting restraint on

remaining maturity of five years or less. Eligible Issuers for Individual...Treasury Department. Additional information about the SMCCF can be found

stable since the beginning of the year. However, about one- half of firms...high-yield corporate bonds as well as non- agency residential mortgage-backed

or less pessimistic) than a month or two ago. The improvement in attitudes...remain strong. The job for monetary policy is to hold down inflationary

Treasury operations in foreign currencies for the period December 15, ...Treasury on Friday, reasserting the U.S. determination to maintain the

remained stable, though there were scattered reports of price pressures...stable in some cases. Travel and tourism activity was reported to be little

stable in July, increased appreciably, although employment in manufacturing...yield 7.94 per cent. The Treasury financed additional cash needs by selling

stable money demand relationship that underpinned the link between money

remain competitive by internalizing a greater share of their customer ...stable liquidity provision, over speed. Perhaps public-private forums

remain robust, and inventories appear to be at moderate levels. Furthermore...or nonresidential construction. Atlanta reports little or no slowdown