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To: Perspective who wrote (116026)	8/8/2001 11:36:32 AM
From: Ken98	Respond to of 436258

<<Fed adds $2.13 bln in reserves via bill pass (UPDATE: Adds volume) NEW YORK, Aug 8 (Reuters) - The Federal Reserve said on Wednesday it added $2.13 billion in permanent banking reserves by buying U.S. Treasury bills dated Sept. 30, 2001 through Jan. 31, 2002 on the open market. Earlier, the Fed added $4.245 billion in temporary banking reserves through a round of overnight repurchase agreements.>> What is the significance, if any, of them buying Tbills instead of the longer maturities? Re. your real estate question, don't forget the ultimate bag holders - the lenders. Foreign banks, fannie, GECC, GMAC have all been big players in the commercial arena the last few years. Ken