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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (50237)	3/6/1999 8:33:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 132070

Earlie, that will be an unwise thing to do at this time. Don't you think. He should have done that in 1997. But then again, it is good that he is even thinking of doing it. While we will be staying tuned, don't keep off-air for long. -g-

To: Earlie who wrote (50237)	3/6/1999 8:55:00 PM
From: J. P.	Read Replies (2) \| Respond to of 132070

Adding to reserves has been heavy during this recent rally, according to this article expected to add even accelerating amounts in late month and April: biz.yahoo.com NEW YORK, March 2 (Reuters) - The Federal Reserve on Tuesday is expected to inject reserves to the banking system through a round of overnight system repurchase agreements. Analysts said the Fed still faces a hefty add need of about $7 billion a day in the current maintenance period that ends next Wednesday. On Monday, the Fed added more than $8 billion of reserves to the system through overnight repos. Analysts said unknown special factors seemed to have drained reserves more than anticipated, although the factors should be temporary. ''They still have a reasonable add need,'' said Ward McCarthy, managing director at Stone & McCarthy, who noted the add need jumps to $9 billion a day later in the month and $13 billion a day in early April. As such, he and other analysts expect the Fed to continue adding permanent reserves through outright purchases of coupons. Federal funds remained tight on Tuesday on what is believed to be lingering effects from Monday's pressure. Funds were at 4-7/8 percent in early trade, above the 4-3/4 percent target rate. On Monday, funds traded between 4.25 and 5.5 percent, with an effective rate of 5.10 percent.

To: Earlie who wrote (50237)	3/6/1999 10:19:00 PM
From: Stefan	Read Replies (2) \| Respond to of 132070

Earlie are you referring to the Bank Loan decrease of 26 billion in January? Just guessing but can not wait for further clues.<g> stls.frb.org