Board of Governors of the Federal Reserve System

dollars Total2 Nonborrowed3 Required Reserves of depository institutions...dollars Date Borrowings from the Federal Reserve1 1. The Federal Reserve

For use at 2:00 p.m., E.S.T. Wednesday January 14, 2015 Summary of Commentary on ____________________ Current Economic Conditions By Federal Reserve

Dollar Payments”). Portions of those payments may go directly to various

dollars 1946 1947 1948 1949 1950 1951 1952 1953 1954 1 Credit market borrowing...dollars 1946 1947 1948 1949 1950 1951 1952 1953 1954 1 Domestic -9.0 11.8

dollars 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1 Credit market...dollars 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1 Domestic 37.4

dollars 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1 Credit market...dollars 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1 Domestic 67.1

dollars 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1 Credit market...dollars 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1 Domestic 191.7

dollars 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1 Credit market...dollars 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1 Domestic 957.7

dollars 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 1 Credit market...dollars 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 1 Domestic 653.3

Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C. Why Do Innovative