Board of Governors of the Federal Reserve System

treasury services to corporate and individual clients. 2 Classified : ...or participates in 3 significant financial market utilities (“FMU”) to

remained at their reduced second-quarter level. TO: FROM: Authorized for

moving toward better balance, although the surplus was still very large...or, as some governors put it, to help lessen the waves of speculation

Treasury coupon yields rose about 35 basis points over the intermeeting...yield spread is relative to the seven-year Treasury yield. BBB corporate

Treasury and related reinvestment earnings of $13,897,674,239; cash equivalents...Treasury and interest earned thereon. 5 Reflects the estimated market

remain. Please note that this document may contain occasional gaps in

remain. Please note that some material may have been redacted from this...yield minus average yield on new issues of Aaa utility bonds in the last

yields declined 20 basis points. Yields on Treasury bonds rose appreciably...yields on their debt have risen relative to Treasury securities. Funding

yields on most Treasury coupon issues were some 25 to 50 basis points ...Treasury operations will remain sizable in the upcoming month, though

Treasury bill rates rose 10 to 15 basis points. (4) Yields on long-term...yields on other long- term bonds, yields on municipal issues remained