Board of Governors of the Federal Reserve System

funding from a financial intermediation sector which is subject to frictions...rate of aggregate TFP. As a consequence, the model produces medium-run

rate. In December and January, however, the jobless rate was reported ...funding pressures in the fourth quarter, the repercussions in broader

rate (generally referred to as the discount rate) and the FOMC�s target...rate and the target federal funds rate to 25 basis points, and increased

rate (generally referred to as the discount rate) and the FOMC�s target...rate and the target federal funds rate to 25 basis points, and increased

rate (generally referred to as the discount rate) and the FOMC�s target...rate and the target federal funds rate to 25 basis points, and increased

rates, raising funding risks for most large banks, securities dealers,...funding to limit their exposure to the heightened risks. As we have previously

rates that we could target in different operating regimes, and depending...rates, and Brian will update us on the foreign experience. Since the financial

rates or be disruptive to the functioning of financial markets. However...rates; such an approach would postpone asset sales until the economic

rate at that bank from 4-3/4 percent to 4-1/2 percent effective immediately

funding costs, perhaps an escalation in funding costs at banks experiencing...funding costs. For much of the last two years, households have been inclined