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 Sale Purchase 1 2 3 4 5 6 7 8 9 Aug. 11, 2014 212.98 7.54 46.50 – 21.29 49.93 – – 323.16 Aug. 12, 2014 221.38 29.40 50.06 – 0.65 21.29 – – 263.98 Aug. 13, 2014 193.55 63.40 150.07 – 1.00 –41.61 – – 239.62 Aug. 14, 2014 209.68 18.44 – – 31.71 –88.54

(` 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 Term Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Aug. 4, 2014 100.05 235.26 – – – –113.12 – – –248.33 Aug. 5, 2014 14.97 50.44 – – 3.00 –37.34 – – –69.81 Aug. 6, 2014 99.71 21.67 – – 16.39 77.55 – – 171.98 Aug. 7, 2014 201.45 44.47 – – 5.00 26.49 – – 188.47 Aug. 8, 2014 198.78 29.59 610.09 – 24.8

(` 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 Term Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Jul. 28, 2014 207.13 48.11 – – 4.99 –0.31 – – 163.70 Jul. 30, 2014 207.92 119.49 200.03 – – –11.01 – – 277.46 Jul. 31, 2014 180.61 79.77 – – 0.70 –51.53 – – 50.01 Aug. 1, 2014 153.79 93.82 – – 25.00 –26.85 – – 58.12

(` 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 Term Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Jul. 21, 2014 216.77 5.18 – – 78.40 67.67 1.55 – 356.11 Jul. 22, 2014 222.03 5.54 – – 88.10 16.20 – – 320.79 Jul. 23, 2014 221.78 7.25 100.01 – 28.85 – – – 343.39 Jul. 24, 2014 225.89 6.44 – – 127.33 –2.47 – – 344.32 Jul. 25, 2014 172.35 33.35 71

(` 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 Term Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Jul. 14, 2014 207.02 5.35 50.03 – 68.37 30.70 – – 350.77 Jul. 15, 2014 203.88 64.20 100.03 – 3.29 –0.35 – – 242.65 Jul. 16, 2014 213.13 65.91 – – – 4.00 – – 151.22 Jul. 17, 2014 208.37 36.01 – – 0.27 –83.15 – – 89.48 Jul. 18, 2014 206.05 19.61 10

(` 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 Term Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Jul. 7, 2014 162.29 25.69 – – 24.72 134.97 4.95 – 291.34 Jul. 8, 2014 208.54 21.06 – – 44.30 53.66 0.55 – 284.89 Jul. 9, 2014 217.86 14.57 – – 27.20 1.19 – – 231.68 Jul. 10, 2014 219.65 30.38 – – 5.10 5.63 – – 200.00 Jul. 11, 2014 183.67 11.19 61

(` 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 Term Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Jun. 30, 2014 213.49 21.65 – – 88.90 65.28 4.70 – 341.32 Jul. 1, 2014 166.79 49.05 – – 56.75 5.08 – – 179.57 Jul. 2, 2014 198.67 372.34 – – – –113.34 – – –287.01 Jul. 3, 2014 34.00 207.10 – 2.00 – –59.82 – – –232.92 Jul. 4, 2014 20.25 61.84 – – 8.

(` 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 Term Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Jun. 23, 2014 183.48 16.18 – – 36.45 58.00 – – 261.75 Jun. 24, 2014 171.13 15.44 – – 6.79 –16.60 – – 145.88 Jun. 25, 2014 181.95 31.99 – – 1.35 54.29 – – 205.60 Jun. 26, 2014 218.18 103.19 – – – –22.07 – – 92.92 Jun. 27, 2014 186.63 53.33 610.05

(` 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 Term Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Jun. 16, 2014 218.10 41.70 – – 2.10 112.80 – – 291.30 Jun. 17, 2014 210.11 27.23 – – 9.71 0.90 – – 193.49 Jun. 18, 2014 206.09 87.56 100.02 – 0.71 –56.40 – – 162.86 Jun. 19, 2014 117.34 35.55 – – 2.85 –47.90 – – 36.74 Jun. 20, 2014 116.26 20.47 10

(` 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 Term Reverse Repo Sale Purchase 1 2 3 4 5 6 7 8 9 Jun. 9, 2014 184.24 38.99 – – – 135.14 4.50 – 275.89 Jun. 10, 2014 199.34 42.74 – – 0.07 –31.26 2.40 – 123.02 Jun. 11, 2014 184.22 45.65 – – 4.60 –17.85 3.35 – 121.97 Jun. 12, 2014 161.67 83.33 – – 0.54 0.09 4.00 – 74.97 Jun. 13, 2014 141.25 8.43