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To: pater tenebrarum who wrote (67073)2/13/2001 9:40:06 AM
From: robnhood  Read Replies (2) | Respond to of 436258
 
<<
-The Federal Reserve is executing a round of overnight
matched sales Tuesday, the Federal Reserve Bank of New York confirmed.
Matched sales are intended to drain reserves from the banking system to keep
the interbank federal-funds lending rate from going too low.
At 9:30 a.m. EST (1430 GMT), fed funds were trading at the Fed's 5 1/2%
target. >>