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You may reprint the articles that appear on this website (containing the following URL: in your own publications subject to the following restrictions. By reprinting these materials, you indicate your agreement to these restrictions.

  • These materials can only be used for nonprofit and noncommercial purposes.
  • The author, publication and the Federal Reserve Banks are appropriately credited.
  • The materials are reprinted exactly as they appear in the original publication, including any legal notices and disclaimers. In other words, the materials must not be altered or edited in substance or content.
  • You understand and agree that the Federal Reserve Banks may revoke this permission at any time.

Articles authored or co-authored by any third party are not eligible for reprinting.

If you would like to make additional uses of these or other materials published by the Federal Reserve Banks, you must contact us for written permission.