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To: Christineesq who wrote (48150)	7/21/1998 10:37:00 AM
From: ViperChick Secret Agent 006.9	Respond to of 58727

they wont give the check the box fed move this morning because of G.'s live broadcast... but you can check here biz.yahoo.com

To: Christineesq who wrote (48150)	7/21/1998 10:43:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 58727

just posted on yahoo Tuesday July 21, 10:26 am Eastern Time Fed seen refraining from open mkt operation Tues NEW YORK, July 21 (Reuters) - The Federal Reserve was expected to stay out of the open market on Tuesday, as there are enough reserves in place to meet the Fed's add need, analysts said. Nearly $4 billion in repurchase agreements remain outstanding, including Monday's two-day fixed operation and last week's six-day fixed repos. Meanwhile, the Fed faces only around a $2.5 billion a day add need, analysts said. Some noted that a small round of overnight system repos could not be ruled out. In mid-morning trade, federal funds were trading right at the 5-1/2 percent target rate.