April 1, 2002

Primary Dealer List

Below is a revised list of the primary dealers that report weekly to the Securities Reports Division of the Federal Reserve Bank of New York.

The latest list reflects the following change(s):

· Effective March 30, 2002, Deutsche Banc Alex. Brown Inc. changed its name to Deutsche Bank Securities Inc.

· Effective March 31, 2002, Zions First National Bank has withdrawn its name from the list of primary dealers.

· Effective April 1, 2002, Fuji Securities Inc. changed its name to Mizuho Securities USA Inc.

· Effective April 1, 2002, BMO Nesbitt Burns Corp. has withdrawn its name from the list of primary dealers.

List of the Primary Government Securities Dealers Reporting to the Securities 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.
CIBC World Markets Corp.
Credit Suisse First Boston Corporation
Daiwa Securities America Inc.
Deutsche Bank Securities Inc.
Dresdner Kleinwort Wasserstein Securities LLC.
Goldman, Sachs & Co.
Greenwich Capital Markets, Inc.
HSBC Securities (USA) Inc.
J. P. Morgan Securities, Inc.
Lehman Brothers Inc.
Merrill Lynch Government Securities Inc.
Mizuho Securities USA Inc.
Morgan Stanley & Co. Incorporated
Nomura Securities International, Inc.
Salomon Smith Barney Inc.
UBS Warburg LLC.

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.