Board of Governors of the Federal Reserve System

currency plus demand deposits) 1/ 4.1 4.8 4.2 4.4 0.0 M2 (M1 plus time...Bank Credit Total member bank deposits (bank credit proxy adj.) 3.9 3.9

currencies4 . . . . . . . . . . . . . . . . . . . . . 39,722 42,718 37,838...currencies were used; since January 1981, five currencies have been used

currencies had changed very little on balance since the August 19 meeting

currencies. On average, economic growth in major foreign industrial countries...currencies. The net decline was largely accounted for by a 4 percent depreciation

APPENDIX James L. Kichline February 2, 1981 INTRODUCTION -- FOMC CHART SHOW During our presentations we will be referring to the package of

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

BANK of CLEVELAND. Stephen H. Jenkins. Senior Vice President. Supervision...non-bank subsidiaries of bank holding companies or uninsured branches

BANK of CLEVELAND. Stephen H. Jenkins. Senior Vice President. Supervision...non-bank subsidiaries of bank holding companies or uninsured branches

banks. In aggregate, these 75 banks held roughly three- fourths of total...banks included U.S. commercial banks, federal savings banks, state-chartered

Bank of New York.] The overall impression that emerges from the Districts...Banks. Most Districts reported a firming of demand for bank loans, especially