Board of Governors of the Federal Reserve System

Treasury coupons were down about 10-15 basis points while long-term yields...yields to fall. The overall report did not seem all that weak, but the

Treasury yield curve has shifted 16 to 22 basis points lower, with very...Treasury yields probably reflects a flight toward safer assets, the sense

remain. Please note that this document may contain occasional gaps in ...remain damped by ample supplies and foreign competition; with no apparent

stable, although reports indicated that lumber and some agricultural prices...stable, and contacts in many areas attributed their inability to raise

remained steady in their Districts yet was uneven across sectors. Several...remained a concern. Wage growth had moderated in many Districts. Supply

lowered its forecast for worldwide sales of cell phones in 2002 from 400...remaining very high relative to the recent pace of sales, and orders remaining

stable. Mining, including oil and gas development, is depressed. Retail...yields caused by drought. I-1 FIRST DISTRICT - BOSTON Retail results in

Treasury funding activities such as wholesale funding issuance and repo

remain. Please note that this document may contain occasional gaps in ...Yield spread between fixed-rate mortgage and seven-year Treasury note.

remain. Please note that some material may have been redacted from this...remained at the somewhat improved April level, but sales of imported cars