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To: yard_man who wrote (179110)	7/11/2002 11:16:21 AM
From: oldirtybastard	Respond to of 436258

look how big agencies and mortgages are in there -- LOL. that's cuz so much of the treasuries have already been consumed in repos LOL, when are we getting long some effing coconuts? -g- Message 15344207 Second, the FOMC is examining the possibility of beginning to acquire under repurchase agreements some additional assets that the Federal Reserve Act already authorizes the Federal Reserve to purchase. In particular, the FOMC asked the staff to explore the possible mechanisms for backing our usual repurchase operations with the collateral of certain debt obligations of U.S. states and foreign governments. We will also be consulting with the Congress on these possible steps before the FOMC further considers such transactions. Taking such assets in repurchase operations would significantly expand and diversify the assets our counterparties could post in temporary open market operations, reducing the potential for any impact on the pricing of private sector instruments.