(2) The relationship between money demand, which is determined by interest rates, future growth expectations, etc., and the level of activity in the economy as a whole is stable (i.e., the money demand function and the investment multiplier are stable).
In response to these efforts, the agencies have received comments from more than 1,000 entities and individuals on ways to reduce the regulatory burden on banking organizations. The Board will consider and incorporate the comments relevant to our regulations as we move forward with our own regulation review efforts.