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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (9870)	11/15/1999 9:37:00 AM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

Re:Headline - GREENSPAN mum on monetary policy in Insurance speech text (& FOMC members): - FWIW, List shows 2 vacancies on Fed board of governors (as of 8 Oct.): federalreserve.gov - FOMC constitution: bog.frb.fed.us The FOMC is a twelve-member committee made up of the seven members of the Board of Governors; the president of the Federal Reserve Bank of New York; and, for the remaining four seats, which carry a one-year term, a rotating selection of the presidents of the eleven other Reserve Banks. It meets eight times per year to set Federal Reserve guidelines regarding the purchase and sale of government securities in the open market as a means of influencing the volume of bank credit and money in the economy. It also establishes policy relating to System operations in the foreign exchange markets.