Board of Governors of the Federal Reserve System

remained weak. Construction and real estate activity continued to be soft...stable. There was some improvement in the demand for services and machinery

Lower-income oversample. These weights are scaled to add up to the number

lower carbon economy pose an emerging risk to the safety and soundness...remain under development in many large financial institutions and will

stable prices for the benefit and well-being of all Americans. The statement...lower bound. In that economic environment, it appeared that the FOMC had

Treasury, to establish emergency lending policies and procedures. The ...moving the federal funds rate into the target range established by the

Remained basically unchanged 14 73.7 Eased somewhat 0 0.0 Eased considerably...Remained basically unchanged 12 63.2 Eased somewhat 0 0.0 Eased considerably

Treasury bill supply as the main driver of the higher repo rates. See ...or “banks,” for short) and FHLBs.5 Banks are heterogeneous: Some have

stable financial system is resilient even in the face of sharp downturns...lower than in the mid- 2000s. Even so, we remain vigilant to the potential

stable. Consumer spending appears to have slowed considerably since the...remain steady. There has been no evident increase in retail wage pressures

remained favorable. Overall lending activity at a sample of District banks...moving more slowly. While 63 percent of our retail contacts noted that