Board of Governors of the Federal Reserve System

Bank of New York Mr. Brandt, Assistant Cashier, Federal Reserve Bank of...currency, float, and gold and foreign accounts. All of these reserves

central bank credit to the Bank for International Settlements. In addition...central bank debt repayments, was refinanced by new borrowings of $50

Bank of New York may be of interest in connection with the review of the...currencies become more fully convertible. Whether real progress has been

Banks, and requires the Reserve Banks to participate in open market operations...central-bank operations can achieve maximum effectiveness and minimum

Prefatory Note The attached document represents the most complete and accurate version available based on original files from the FOMC Secretariat

Prefatory Note The attached document represents the most complete and accurate version available based on original files from the FOMC Secretariat

BANKS THAT HAVE CONSOLIDATED ASSETS of $300 MILLION or MORE, RANKED by...Bank Id Bank Location Chtr (Mil $) (Mil $) Cons Cons Dom Fgn F Own ---

currencies during the period February 15 through March 14, 1977, were ...currencies has changed little over the past month. In January the U. S

central bank’s inflation objective, which can be undesirable depending...central bank’s inflation objective. This paper is organized as follows

central banks that have employed conditional policy guidance. Their experience