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To: GST who wrote (114676)	1/6/2001 9:58:57 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

-- the FED makes deposits and withdrawls when it buys and sells. When there is a credit crunch and the Fed wants banks to make it easier for their clients to obtain more credit, the Fed can make it easier by buying in the open market GST, I think I understand. The Fed is buying corporate debt correct making it easier for corporations to raise cash. The Fed in a sense is lending th emoney to the corporation in the place of a bank. Am I correct now? Glenn