Board of Governors of the Federal Reserve System

and, as a result, continued to hold up the rate of overall consumer price...Treasury rate is the constant-maturity yield based on the most actively

and the length of the average workweek declined for the second successive...Treasury securities declined much less than in July and holdings of other

Treasury and sponsored agency financing........................ 9 ii DOMESTIC...Treasury and agency financing.................................. 10 Gross

Treasury than for private issues, owing to increased concerns about credit...yields declined 20 basis points. Yields on Treasury bonds rose appreciably

Yields in the Treasury market also followed the same general pattern, ...Treasury yields across the curve were choppy on a day-to-day 1 The materials

Meeting of the Federal Open Market Committee December 17, 1996 A meeting of the Federal Open Market Committee was held in the offices of the Board

policy institutions—the Federal Reserve System. We document a slight increase...policy institutions. The study of gender gaps in the policy institution

treasury account. It was anticipated that up to $500 million equivalent...treasury account. The System's transactions are being financed by a drawing

Treasury and agency financing................................... 10 State

Fiscal Assistant Secretary of the Treasury, during which the latter took...yield, etc., that the securities could be successfully sold without the