Board of Governors of the Federal Reserve System

3.99 2.65 2 2 2008-06-30 3.99 2.63 2 2 2008-07-01 4.01 2.63 2 2 2008-07...3.99 2.6 2 2 2008-07-03 3.99 2.54 2 2 2008-07-04 2 2 2008-07-07 3.95 2.47

99.2 99.7 100.4 101.1 101.8 102.2 102.3 98.5 99.0 100.4 102.1 100.0 1998...99.9 98.9 98.9 99.1 99.7 99.5 100.2 100.3 101.3 101.5 100.3 99.0 99.8

99.1 98.8 99.3 100.1 99.7 101.3 102.1 102.9 97.6 98.7 99.7 102.1 99.5 ...99.7 99.0 98.7 98.0 97.7 97.9 102.2 100.7 99.1 97.9 100.0 2002 98.3 98.4

99.0 99.1 99.3 99.5 100.3 101.1 101.8 102.2 102.1 98.5 99.1 100.3 102.0...99.9 99.3 98.7 103.2 101.8 100.9 99.3 101.3 2002 99.3 99.6 99.9 100.3

9.9 percent of the voting shares of CBT Financial Corp., and thereby indirectly

5.99 5.95 Memo Dividend-price ratio 14 31 Common stocks 1.61 1.72 1.66...1.99 1.98 1.99 1.97 1.98 1.98 2.00 2.01 Note. Some of the data in this

back-to-school apparel was disappointing so far, and expectations were...back-to-school supplies were said to be selling well, along with food

Year-to-date, however, sales were off between 5 and 10 percent from last...Inventory-to-sales ratios declined despite some inventory building, and

back-to-school and big-ticket purchases. Services firms recorded substantially...back-to-school sales were better than last year and that sales of most

steady-to-slowing growth." Infrastructure building was again robust and...year-to-date through October, decreased only slightly from last year.