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gtober

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gtober

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Re: None

Thursday, 12/06/2001 9:59:03 AM

Thursday, December 06, 2001 9:59:03 AM

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We may have finally hit the endgame here. 2 days in a row.

http://biz.yahoo.com/rf/011206/nat000078_1.html

Thursday December 6, 9:34 am Eastern Time

Fed says draining via overnight matched sales

NEW YORK, Dec 6 (Reuters) - The Federal Reserve said on Thursday it was draining reserves from the banking system via overnight matched sale-purchase agreements.

Federal funds were traidng at 1.875 percent at the time of the operation, below the central bank's 2 percent target for the rate.



GT

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