G19: Correction to Consumer Credit interest rate observation

Published on January 10, 2008

The interest rate on 48-month car loans for November was incorrectly reported as 8.41% in the release and data published on January 8. The release and data in the Data Download Program (DDP) have been corrected to show an interest rate of 7.59%.

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CP: Commercial paper data will not be updated on December 24

December 10, 2007
The Federal Reserve Board will be closed on Monday, December 24. Commercial paper data will not be updated on that day. The data for Friday, December 21 and Monday, December 24 will be available on Wednesday, December 26.

H3: Recent Declines in Nonborrowed Reserves

February 8, 2008
The H.3 statistical release indicates that nonborrowed reserves ofdepository institutions have declined substantially since mid-Decemberto a level that is now negative. This development reflects theprovision of a large volume of reserves through the Term AuctionFacility (TAF) and has no adverse implications for the availability ofreserves to the banking system.By definition, nonborrowed reserves a