Transcripts of the monetary policymaking body of the Federal Reserve from 2002–2008.

I think we have seen a couple of quarter-ends over the last year that have been problematic and more difficult. Certainly, the September quarter-end was difficult, and the year-end was difficult. March somewhat less so, but that was a little colored by the fact that the Bear Stearns resolution happened just before the March quarter-end. June was actually pretty manageable. But we have definitely seen more stress over those periods.

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