Board of Governors of the Federal Reserve System

remained strong in much of the District, lifted by a booming aircraft ...remain near its current rate, a growing proportion of respondents expect

remained fairly strong. The only sign of weakness was a slight slowdown...remain tight in much of the district, with more evidence of wage pressures

Remained basically unchanged 19 90.5 Eased somewhat 2 9.5 Eased considerably...Remained basically unchanged 15 71.4 Eased somewhat 6 28.6 Eased considerably

October 24, 2001 Summary of Commentary on Current Economic Conditions by Federal Reserve District Summary Prepared at the Federal Reserve Bank

Remained basically unchanged 57 90.5 33 91.7 24 88.9 Eased somewhat 6 ...Remained basically unchanged 58 95.1 31 93.9 27 96.4 Eased somewhat 3

Remained basically unchanged 54 93.1 32 88.9 22 100.0 Eased somewhat 4...Remained basically unchanged 54 98.2 32 97.0 22 100.0 Eased somewhat 1

remained soft, however, and employment in the sector continued to slip...remained moderate since our last report. In agriculture, unusually dry

remained optimistic about sales prospects in the months ahead. District...remained optimistic that business would pick up in the second half of

remained relatively stable in this reporting period. Manufacturing Manufacturing...remained relatively stable, with materials prices remaining relatively

remained 12 percent above normal for this time of year. Refinery margins...remained very strong throughout June, about the same as May and better