Board of Governors of the Federal Reserve System

dollar................ 2 U.S. merchandise trade.......................

dollar has improved the prospects for real net exports a bit. Finally,...dollars) 1996-2002 1996 1997 1998 Staff Congress Total -34 -46 -73 Previous

dollar’s ascent since last summer for U.S. output and inflation--and thus...dollar’s rise since mid-2014 has played out. 3 The broad dollar is a weighted

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

dollars because they have no general revenue from own sources and utility

dollar has weakened somewhat lately, its earlier appreciation and slowing...dollar have lessened pressures on yields in emerging markets and provided

Wolfe, Tani M From: Stephanie Hightower Sent: Wednesday, February 10, 2021 5:09 PM To: CLEV Comments Applications Subject: [External] Letter

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

Finance and Economics Discussion Series Federal Reserve Board, Washington, D.C. ISSN 1936-2854 (Print) ISSN 2767-3898 (Online) LCR Premium in the

dollar and a higher level of oil prices beyond the near term. Given these...dollar has risen since the March Greenbook, and we have raised our assumption