Board of Governors of the Federal Reserve System

Fund, Investing in What Works for America’s Communities: Essays on People...rates in turn fueled the neighborhood’s high rates of unemployment and

rate, real GDP growth, and headline CPI inflation. (See figure 1. A full...rate varies substantially over time (top panel). Forecasts that are made

rates and interest rate spreads and, as a consequence, in stimulating ...funded subsequent expansion of its balance sheet by issuing interest bearing

Fund Liquidity Facility, (5) the Commercial Paper Funding Facility, and...Funding Facility, certain residual financing for Citigroup, Inc., and

rate and the rates of return on, and/or demand and supply functions for...rate, possibly because the exchange rate was typically fixed. Later, in

The Federal Reserve Bank of Cleveland Financial Statements as of and for the Years Ended December 31, 2012 and 2011 and Independent Auditors'

funding of less-liquid assets, differentiating across classes of counterparties...rates. A similar fraction of institutions indicated that they had eased

Fund Name CUSIP Number Trade Date Contractual Settlement Date Shares Purchased

S u m m ar y 1 Z .1 , J un e 6, 2 01 3 F lo w o f F un ds M at ri x -- A ll Se ct or s -- F lo w s H ou se ho ld s St at e D om es tic D om

funding (repurchase agreements) or to book municipal deposits.  While...rates have caused a flip from unrealized gains to unrealized losses in