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Article: N.Y. Fed in Talks on Treasuries Auction.(Federal Reserve Bank of New York to give contact to investment banks for Treasury securities auction )(Brief article)
- Article from:
- American Banker
- Article date:
- March 14, 2008
- Author:
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The Federal Reserve Bank of New York said Thursday that it would meet separately with 20 investment banks known as primary dealers to work out terms of the Treasury securities auction the Federal Reserve Board announced this week.
The New York Fed said the meetings, scheduled for March 13 and 14, will cover market conditions, collateral eligibility, and the schedule and sizes of auctions.
With credit market conditions deteriorating rapidly in the past week, the central bank announced Tuesday that it would auction up to $200 ...