No. 2233

WEDNESDAY, JANUARY 31, 2001

NY FED USE OF EXPANDED COLLATERAL EXTENDED BY FOMC

NEW YORK -- The Federal Open Market Committee (FOMC) voted to approve a temporary extension through the first scheduled meeting of 2002 of the expanded list of securities eligible as collateral in repurchase transactions undertaken by the Federal Reserve Bank of New York in the management of banking system reserves.

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