Board of Governors of the Federal Reserve System

currencies declined by about 1-1/2 percent since the last Committee meeting...currency led to a deceleration in the monetary base over February and

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

Bank of Dallas, and Mr. Raisty, Economist of the Federal Reserve Bank ...currencies. Mr. Sproul stated that, for reasons dis cussed at previous

Bank Holding Company Act (“BHC Act”) (12 U.S.C. § 1842) to become a bank...Bank USA, Salt Lake City, Utah (“Goldman Bank”), to a state-chartered

bank, Wachovia Bank, National Association (“Bank”) to make certain guarantees...Bank’s securities lending program. In Bank’s securities lending program

bank capital ratios as a supervisory tool, U.S. bank regulators did not...bank losses from any activities in which the bank or its affiliates might

banks, money market funds, investment banks, and insurance companies—in...bank could cause distress to that bank’s neighbors, which, in turn, may

Banks Other Banks Banks Percent Banks Percent Banks Percent Tightened ...Banks Other Banks Banks Percent Banks Percent Banks Percent Tightened

banks 52.8 41.8 36.8 30.2 30.0 13.9 13.3 31.3 -7.0 18.1 82.5 13 14 Foreign...Bank holding companies 24.9 25.8 23.2 23.6 20.3 35.4 65.7 -0.6 8.7 67.8

Bank of New York Mr. Youngdahl, Chief, Government Finance Section, Division...bank liquidity. Mr. Thomas felt that a decrease in the liquidity of banks