Board of Governors of the Federal Reserve System

Table 1. Economic projections of Federal Reserve Board members and Federal Reserve Bank presidents, December 2012 Percent Variable Central tendency1

Table 1. Economic projections of Federal Reserve Board members and Federal Reserve Bank presidents, June 2012 Percent Variable Central tendency1

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

credit conditions and the adjustment of consumer and business spending

credit extensions Term auction credit Primary Secondary Asset-Backed Commercial...credit extended through the Primary Dealer Credit Facility and credit

Credit Markets F.1 1 L.1 50 Credit Market Borrowing by Nonfinancial Sectors...Credit Market Borrowing by Financial Sectors F.3 2 L.3 51 Credit Market

For release on delivery 10:00 p.m. EST (7 p.m. PST) March 1, 2013 Long-Term Interest Rates Remarks by Ben S. Bernanke Chairman Board of Governors

credit (as measured by the daily average bank credit proxy) expanded at...credit growth in July. In the previous Blue Book the bank credit projection

credit continued heavy and interest rates had risen again recently. The...credit and also for long-term credit had been reflected in an increase

crediting rate; guaranteed lifetime payments). These benefits are paid...crediting rate; guaranteed annuity payments). These benefits are not paid