Board of Governors of the Federal Reserve System

concerns about the effects of legislative changes, supervisory actions...concerns about the effects of legislative changes, supervisory actions

Treasury borrowings from the Federal Reserve and the proposed amendment...Treasury, that in the Treasury's judgment neither action under the authorization

policy directive, and to propose clarifying revisions. As a point of departure...policy directive. The policy record entry for the December 1961 meeting

policy and financial stability mandates of the Board through policy analysis...Ander Perez-Orive Chief Macro-Financial Analysis Monetary Affairs S Balint

gold markets had remained calm in recent weeks, and the net gold outflow...gold stock had not declined for several weeks. The shadings of policy

Treasury Department of the Treasury 1500 Pennsylvania Avenue, N.W. Washington...Treasury’s excess capital in the CARES Act facilities. We will work out

and, in general, look for only a moderate pickup in the coming months....concern that a $1,070 billion GNP target for 1971 is excessive and that

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

Fiscal policy is expected to become more restrictive over the coming year...and higher nominal income growth boosts receipts. Economic activity is

concern of the majority with regard to balance of payments developments...Treasury bond yields was modest partly because substantial Federal Reserve