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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: LTK007 who wrote (11584)	12/7/2001 7:12:31 PM
From: LTK007	Read Replies (1) of 99280

Fed continued to drain <<Fed drains $3.7 bln in reserves via matched sales (UPDATE: Adds volume) NEW YORK, Dec 7 (Reuters) - The Federal Reserve said on Friday it drained $3.7 billion in reserves from the banking system through a round of over-the-weekend matched sale purchase agreements. Federal funds were trading at 1.875 percent in morning trade, below the Fed's 2 percent target for the rate.>> biz.yahoo.com

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