Board of Governors of the Federal Reserve System

interest--particularly because of the complexity of its task--in doing

rate from 4 to 4 per cent and (2) raised maximum interest rates payable...interest rates in the United States and abroad-a policy change large enough

rate from 3 to 31h per cent. Raised maximum interest rates payable by ...interest equalization tax and increases in domestic interest rates, espe

rate. With that rate near zero since late 2008, we have relied on two ...interest rates and support asset prices. In turn, these more accommodative

rate of recovery. Business loan demand remains weak, and there is little...rates for apartments in St. Louis and Little Rock spurred plans for new

interest equalization tax which affected, in largest measure, the dollar...interest equalization tax (and perhaps for reasons related to their own

interest rates and oil prices--to allay fears that U.S. authorities would...interest rates. In fact, as rates in the U.S. have backed up more than

rate worked to the upper part of the 2-1/2 - 2-3/4 per cent range until...rate in November to a 6.1 million rate in December. Unemployment in December

Interest rates paid (in percent) Reserve balance requirements1 Top of

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