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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (153186)	2/25/2002 10:40:44 AM
From: Lucretius	Read Replies (3) of 436258

Monday February 25, 10:32 am Eastern Time Fed says buying TIPs to add permanent reserves NEW YORK, Feb 25 (Reuters) - The Federal Reserve said on Monday it was adding permanent reserves to the banking system by buying U.S. Treasury inflation-protected securities (TIPS) dated July 15, 2002 through April 15, 2032 on the open market. Bids were due from dealers at 10:45 a.m. EST (1545 GMT), and delivery was set for Tuesday. In morning dealings, federal funds were trading at 1.75 percent, matching the Fed's target for the rate.

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