The SAS XML (XML format) data that are returned from the FRED website are placed in a file named by the OUTXML= option. The SAS XML data file is placed in the current working directory, but the SAS data set created by reading the XML data into SAS is placed in the location that is specified by the physical-name in the LIBNAME libref SASEFRED statement, which is described in the section The LIBNAME libref SASEFRED Statement.