Board of Governors of the Federal Reserve System

stable, while sensitive commodities had moved up. On the other hand, in...yields on Government securities. The downswing in yields that had occurred

remained relatively stable with wholesale prices of farm products and ...lower, with the result that the total money supply had increased more

yields, crop farmers depleted excess cash reserves and have turned to ...remained stable, with conditions in many urban areas better than those

or, in the case of Atlanta, reversing a slowdown in prior periods. For...stable or mixed, and Kansas City, which noted a slight decline. The strongest

yields about a 10 percent largely persistent loss (gain) in sales. I find...yield qualitatively different outcomes, the findings I present here have

remain. Please note that this document may contain occasional gaps in ...Treasury security yield curves................................... 12 INTERNATIONAL

remain. Please note that some material may have been redacted from this...remained at the high July level, and the average for the two months was

stable or mixed, with weakening noted only by St. Louis. However, contacts...lower oil production in the District. Other Drought Effects Low Mississippi

stable, while prices of goods in retail markets have continued to ease...Treasury's cash position, recent changes in the volume of bank credit,

lower output of motor vehicle parts, and by a decline in other durable