Board of Governors of the Federal Reserve System

lower interchange fees will benefit consumers. Participants also expressed

remained biased toward the dollar and market professionals were wary of...remained a source of uncertainty. For months market participants had been

Or, at least these countries are not pressing to see it go down further...lowered it 3 times and each time the yen has risen. MR. JOHNSON. How do

remained in quite strong demand even though U.S. interest rates have declined...lowered following the declines here. Market participants are predicting

remain. Please note that this document may contain occasional gaps in ...yields.......................... 14 APPENDIX A: Monetary Aggregates and

lower of (1) the discount rate of the purchasing Federal Re serve Bank...yield basis. Mr. Sproul noted that in the staff memorandum reference was

remain. Please note that some material may have been redacted from this...yields are down 10 to 20 basis points, and intermediate-term Treasury

yields had risen to postwar highs. Corporate profits were showing signs...remain substantially unchanged, and that the members of the Committee

Treasury Yields Daily 8 9 10 11 12 13 14 Jun Aug Oct Dec Feb Apr 2000 ...yields. Although yields on longer-term nominal Treasury securities increased

remain in place until further notice. The stand- ing arrangements will...Treasury collateral. These operations may potentially extend through Janu