Board of Governors of the Federal Reserve System

to remove the effects of printer- and scanner-introduced tilting) and ...to remove dark spots caused by staple holes, hole punches, and other blemishes

As of and for the Years Ended December 31, 2016 and 2015 and Independent Auditors’ Report Financial Statements: The Federal Reserve Bank of New

99 2 Mr. Reinhart, Deputy Associate Director, Division of Monetary Affairs...to 5.86 percent on Wednesday in anticipation of the PPI numbers to be

99.6 100.5 99.9 99.2 Iron ore mining 21221 .04 99.0 79.6 96.2 97.9 99.2...99.8 100.2 101.2 Fluid milk 311511 .35 99.8 100.7 100.8 100.2 100.8 103.8

99.6 100.5 99.9 99.2 Iron ore mining 21221 .04 99.0 79.6 96.2 97.9 99.2...99.8 100.2 101.2 Fluid milk 311511 .35 99.8 100.7 100.8 100.2 100.8 103.8

99.6 100.5 99.9 99.2 Iron ore mining 21221 .04 99.0 79.6 96.2 97.9 99.2...99.8 100.2 101.2 Fluid milk 311511 .35 99.8 100.7 100.8 100.2 100.8 103.8

TO: Federal Open Market Committee SUBJECT: Recommended change in FOMC

100.7 100.7 99.5 99.3 108.4 104.3 107.2 115.5 74.3 3.8 5.1 58.9 17.4 7.8...100.3 100.8 99.4 97.7 108.2 104.2 106.9 115.4 " 2.58 2.55 f" 104.25 103.59

to remove the effects of printer- and scanner-introduced tilting) and ...to remove dark spots caused by staple holes, hole punches, and other blemishes

99) = 100 May Jul Sep Nov Jan Mar May 1999 Nominal Trade-Weighted Dollar...99 = 100) Expected Federal Funds Rates Estimated from Financial Futures