Memorandum to all Primary Dealers and Recipients of the Weekly Press Release on Dealer Positions and Transactions

The latest list reflects the following changes:

Effective December 1, 2000, Prudential Securities Incorporated has withdrawn its name from the list of primary dealers

LIST OF THE PRIMARY GOVERNMENT SECURITIES DEALERS REPORTING TO THE MARKET REPORTS DIVISION OF THE FEDERAL RESERVE BANK OF NEW YORK

ABN AMRO Incorporated
BNP Paribas Securities Corp.
Banc of America Securities LLC
Banc One Capital Markets, Inc.
Barclays Capital Inc.
Bear, Stearns & Co., Inc.
Chase Securities Inc.
CIBC World Markets Corp.
Credit Suisse First Boston Corporation/Donaldson, Lufkin & Jenrette Securities Corporation*
Daiwa Securities America Inc.
Deutsche Bank Securities Inc.
Dresdner Kleinwort Benson North America LLC.
Fuji Securities Inc.
Goldman, Sachs & Co.
Greenwich Capital Markets, Inc.
HSBC Securities (USA) Inc.
J. P. Morgan Securities, Inc.
Lehman Brothers Inc.
Merrill Lynch Government Securities Inc.
Morgan Stanley & Co. Incorporated
Nesbitt Burns Securities Inc.
Nomura Securities International, Inc.
SG Cowen Securities Corporation
Salomon Smith Barney Inc.
UBS Warburg LLC./ Paine Webber Incorporated**
Zions First National Bank

NOTE: This list has been compiled and made available for statistical purposes only and has no significance with respect to other relationships between dealers and the Federal Reserve Bank of New York. Qualification for the reporting list is based on the achievement and maintenance of the standards outlined in the Federal Reserve Bank of New York's memorandum of January 22, 1992.

*Donaldson, Lufkin & Jenrette Securities Corporation (DLJ) has been acquired by Credit Suisse First Boston Corporation, effective November 3, 2000. DLJ will cease to be a primary dealer by December 31, 2000.

**Paine Webber Incorporated became a business division of UBS Warburg LLC. on November 3, 2000. Paine Webber will cease to be a primary dealer on December 4, 2000.