Board of Governors of the Federal Reserve System

dollar continued to dampen exports of manufactured goods according to ...dollar continued to depress exports of manufactured goods in some Districts

large-dollar initiatives. Sensitive acquisitions may include commitments...dollars in millions) 16B to 15B2015 Budget 16B to 15E2015 Estimate 2016

dollars of payments for the nation’s banks and the federal - 2 - government...dollars that are worth 1 Our objective is 2 percent inflation as measured

dollars; amounts outstanding end of period, not seasonally adjusted 2012...dollars; amounts outstanding end of period, not seasonally adjusted 2012

dollars unless otherwise noted Date Reserve balances required Reserve ...dollars Date Reserves Vault cash2 Monetary base Total1 Required Total

dollar restrained net exports. In the fourth quarter of last year, growth...dollar. These developments, if they prove persistent, could weigh on the

dollar depreciation; higher earnings and stock prices; tighter risk spreads...dollar’s surge, especially in 2015. By contrast, in the 2004-07 period

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

dollar-denominated securities to nondealers and are the most active intermediaries...non–dollar denominated assets in dollars, and “other.” 6 The hedge book

dollars unless otherwise noted Date Reserve balances required Reserve ...dollars Date Reserves Vault cash2 Monetary base Total1 Required Total