The Desk

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The Desk

The trading desk at the Federal REserve Bank of New York through which open market purchases and sales of government and federal agancy securities are made. The desk maintains direct telephone communication with major government securities dealers. A "foreign desk" at the Federal Reserve Bank of New York conducts transactions in the foregin exchange market.

The Desk

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 interest rates are changed.

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