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Non-Tech : Money Supply & The Federal Reserve -- Ignore unavailable to you. Want to Upgrade?

To: Cush who wrote (392)	8/22/2002 4:58:34 PM
From: UnBelievable	Read Replies (1) \| Respond to of 1379

The $6 Billion Yesterday (Wednesday) Were O/N So they go away as of 9:30 this morning. In terms of the amount used and who, I don't think that is made public. I believe the entire amount is used for market intervention. This is the implication of what is said on the FOMC site. What I don't know is if the organizations using the funds are banks (which I assume many are) the extent to which they are able to consider the amounts reserves and therefore the can "create" a larger amount to use based on the fractional reserve requirements.