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To: J. P. who wrote (31938)	4/9/1999 10:17:00 AM
From: J. P.	Read Replies (1) of 86076

Fed refrains from open market operations Friday April 9, 9:57 am Eastern Time Fed refrains from open market operations NEW YORK, April 9 (Reuters) - The Federal Reserve refrained from reserve maintenance operations on Friday, the New York Fed confirmed. In morning trade, federal funds were trading at 4-11/16 percent, slightly below the central bank's 4-3/4 percent target for the rate. biz.yahoo.com

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