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.
References in classic literature ?
If the Bow Street runners had come into the plantation just as I had completed the rifling of the desk I think I should have let them take me without making the slightest effort at escape.
Mrs Squeers stood at one of the desks, presiding over an immense basin of brimstone and treacle, of which delicious compound she administered a large instalment to each boy in succession: using for the purpose a common wooden spoon, which might have been originally manufactured for some gigantic top, and which widened every young gentleman's mouth considerably: they being all obliged, under heavy corporal penalties, to take in the whole of the bowl at a gasp.
A person was seated at one of the desks, who took off his square cap when Mr.
Sitting in the chair and gripping the edge of the desk on which lay the Bible he stared into the darkness thinking the blackest thoughts of his life.
While he was gone Arthur never raised his head from the desk, but remained in that one position.
At the same instant he sank into the large armchair that was placed before the desk and groaned, the tears rolling down his cheeks, "I have been robbed again
He dropped his eyes on to it and after a while laid it quietly on the desk by his side.
Beneath the desk were a pair of spurred military boots, green and rotten with decay.
Then she sprang away and ran around and around the desks and benches, with Tom after her, and took refuge in a corner at last, with her little white apron to her face.
Come in,' said Quilp, without getting off the desk.
Richard, his face flushing suddenly, strikes the desk with his clenched hand.
Usually he left his effusions in her desk, or between the leaves of her books; but this time it was passed over to her under cover of the desk through the hands of two or three scholars.