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To: pater tenebrarum who wrote (80796)	12/22/1999 11:41:00 AM
From: Tim McCormick	Read Replies (3) \| Respond to of 86076

It is more than added liquidity now. The FED has suspended capital requirements. This opens Pandora's box. From Bloomberg.com: "The broadest measure of the U.S. money supply, M3, which includes cash, checking and money market accounts as well as certificates of deposit, rose 17 percent in November. That pile of cash, carried as a liability on banks' books, is making it difficult for banks to balance their books. Banking officials say the Fed has informally eased enforcement of capital ratio requirements as the Y2K-driven increase in demand for cash by companies and individuals has pushed up the money supply."