Research and Publications

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/ Absorption (-) (1+3+5+6+8-2-4-7) Repo Reverse Repo Term Repo/ Overnight Variable Rate Repo Term Reverse Repo/ Overnight Variable Rate Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Oct. 20, 2014 98.12 26.94 – – 31.20 74.73 2.55 – 174.56 Oct. 21, 2014 209.54 77.21 215.71 – 1.94 8.04 2.80 – 355.22 Oct. 22, 2014 212.09 14.93 242.10 – 95.66 –17.35 2.55 – 515.02

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/ Absorption (-) (1+3+5+6+8-2-4-7) Repo Reverse Repo Term Repo/ Overnight Variable Rate Repo Term Reverse Repo/ Overnight Variable Rate Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Oct. 13, 2014 24.08 24.28 – 146.40 13.40 –0.19 – – –133.39 Oct. 14, 2014 107.62 19.08 150.02 0.05 95.52 73.82 65.82 – 342.03 Oct. 16, 2014 174.98 205.81 – – – –52.88 5.40 – –89.1

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/ Absorption (-) (1+3+5+6+8-2-4-7) Repo Reverse Repo Term Repo/ Overnight Variable Rate Repo Term Reverse Repo/ Overnight Variable Rate Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Oct. 7, 2014 47.10 132.29 155.04 250.01 2.50 –7.90 5.60 – –191.16 Oct. 8, 2014 23.22 34.64 – 190.56 3.35 –13.67 – – –212.30 Oct. 9, 2014 22.18 77.08 – 168.03 0.12 –26.73 7.60 – –

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/ Absorption (-) (1+3+5+6+8-2-4-7) Repo Reverse Repo Term Repo/ Overnight Variable Rate Repo Term Reverse Repo/ Overnight Variable Rate Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Sep. 29, 2014 83.51 166.91 – 65.85 10.05 –26.88 – – –166.08 Sep. 30, 2014 85.23 277.28 111.00 167.04 20.00 16.23 1.55 – –213.41 Oct. 1, 2014 102.82 457.87 160.01 249.98 3.30 –28.

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/ Absorption (-) (1+3+5+6+8-2-4-7) Repo Reverse Repo Term Repo/ Overnight Variable Rate Repo Term Reverse Repo/Overnight Variable Rate Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Sep. 22, 2014 100.66 75.12 – – 1.50 –26.98 3.65 – –3.59 Sep. 23, 2014 70.88 29.36 155.03 18.04 0.43 –16.84 5.55 – 156.55 Sep. 24, 2014 57.89 29.37 – 26.20 0.30 29.45 4.15 – 27.92

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/ Absorption (-) (1+3+5+6+8-2-4-7) Repo Reverse Repo Term Repo/ Overnight Variable Rate Repo Term Reverse Repo/ Overnight Variable Rate Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Sep. 15, 2014 193.66 254.65 – – 1.69 62.24 4.00 – –1.06 Sep. 16, 2014 183.08 39.52 283.37 – 1.25 83.25 – – 511.43 Sep. 17, 2014 140.26 30.98 31.50 – 0.50 –46.50 – – 94.78 Sep. 18

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/ Absorption (-)(1+3+5+6+8-2-4-7) Repo Reverse Repo Term Repo/ Overnight Variable Rate Repo Term Reverse Repo/ Overnight Variable Rate Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Sep. 8, 2014 102.93 26.11 – – 4.78 124.54 2.50 – 203.64 Sep. 9, 2014 116.10 107.43 256.58 – 2.00 –83.98 4.80 – 178.47 Sep. 10, 2014 42.60 45.48 – – 1.18 –7.11 – – –8.81 Sep. 11, 2

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/Absorption (-) (1+3+5+6+8-2-4-7) Repo Reverse Repo Term Repo/Overnight Variable Rate Repo Term Reverse Repo/ Overnight Variable Rate Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Sep. 1, 2014 33.22 258.83 – 109.84 6.50 –128.73 – – –457.68 Sep. 2, 2014 24.16 226.01 – 250.02 – –22.26 – – –474.13 Sep. 3, 2014 5.34 56.91 – 432.54 – –12.34 – – –496.45 Sep. 4, 2014 5.34

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/Absorption (-) (1+3+5+6+8-2-4-7) Repo Reverse Repo Term Repo/Overnight Variable Rate Repo Term Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Aug. 25, 2014 173.22 33.23 – – 2.26 19.19 – – 161.44 Aug. 26, 2014 161.60 126.44 – – 0.01 –10.14 – – 25.03 Aug. 27, 2014 81.18 98.37 – – – –14.00 – – –31.19 Aug. 28, 2014 94.64 43.58 – – 10.85 59.40 – – 121.31

(` Billion) Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/ Absorption (-) (1+3+5+6+8-2-4-7) Repo Reverse Repo Term Repo/ Overnight Variable Rate Term Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Aug. 19, 2014 192.20 120.18 – – – 27.96 – – 99.98 Aug. 20, 2014 187.25 121.18 – – 0.20 39.34 – – 105.61 Aug. 21, 2014 161.73 55.43 – – – –85.43 – – 20.87 Aug. 22, 2014 108.48 32.14 615.12 – 12.00 16.29 – – 719.75