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To: Softechie who wrote (6801)	3/27/2003 9:18:55 AM
From: Softechie	Read Replies (1) \| Respond to of 29608

Fed Sets 28-Day RPs -2: Fed Funds At 1 5/16% 27 Mar 08:52 NEW YORK (Dow Jones)--The Federal Reserve arranged a $5 billion 28-day system repurchase agreement Thursday, the Federal Reserve Bank of New York confirmed. Federal funds were trading at 1 5/16%, above the Fed's 1 1/45% target rate, when the central bank entered the market. The Fed's execution of the RPs was expected by the market. Overnight RPs are also expected near the Fed's regular intervention period around 9:30 a.m. EST (1430 GMT) -By Michael Mackenzie, Dow Jones Newswires; 201-938-5451; michael.mackenzie@dowjones.com (END) Dow Jones Newswires 03-27-03 0852ET