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Pastimes : All Clowns Must Be Destroyed
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To: AllansAlias who wrote (38244)6/6/2000 8:21:00 PM
From: patron_anejo_por_favor  Read Replies (1) of 42523
 
Mr. Moto has got one DRY sense of humor:

beartopia.net

"Comments: The activity may appear light, but only for the fact that the Open Market Desk continues to conduct a variety of term repo loans that often overlap. Notice, however, that the Desk has apparently received either the FOMC's approval or instructions to stop the stimulating effect caused by large, long-term, repurchase agreements, and instead conduct smaller-sized loans more frequently.

Note: It wasn't long ago that the Desk was permitted no more than 15 days for a term. In November of 1998 the period was extended from 15 to 60 days. At the August 24th, 1999 FOMC meeting the allowable period was extended from 60 to 90 days. I also believe the inter-meeting restriction on coupon passes remains $12 billion. If you ever see an amount anywhere near $12 billion dollars between FOMC meets, I suggest you review your invested positions."

Review your invested positions! ROTFL!
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