Board of Governors of the Federal Reserve System

Meeting of the Federal Open Market Committee August 17, 1993 A meeting of the Federal Open Market Committee was held in the offices of the Board

yield some opinions. But, as economists, we know that is not evidence....yield powerful insights about how our society functions. The field of

lower. M3 is expected to grow somewhat faster than M2 in both years. The...lower final sales. I

Treasury refinancing? MR. STERNLIGHT. It was quite strong in the 3-year...Treasury rate, which seems to be going in the wrong direction, is hard

Yields on Treasury notes and bonds have declined sharply in recent trading...lower level, however, stock prices were still above the 1966 low registered

stable and orderly conditions in the Government security market, and for...yields on which would be more in line with existing short-term rates.

remain. Please note that some material may have been redacted from this...yield on 3-month bills to the lower end of the 5.65 -- 6.00 per cent range

lower by about 22 basis points. 3. Refer to Federal Reserve Statistical

stable network over time. Bonds are intermediated in chains of up to seven...lower search frictions than their peripheral competitors to provide execution

remain much lower than they were before the crisis. About 20 percent of...or years) often deteriorate from neglect, adversely affecting not only