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Desk
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   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
Desk
The New York Federal Reserve Bank's trading desk (or securities department) where all transactions of the Federal Reserve System are executed in the money market or the government securities market.

Desk
Any trading desk or department at which transactions are carried out. One example is the home loan department at a bank. However, it especially applies to the Securities Department at the New York Federal Reserve, which carries out all of the Federal Reserve's orders to increase or decrease the dollar supply when it changes interest rates.


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