Desk

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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.
References in classic literature ?
The word `limes' was like fire to powder, his yellow face flushed, and he rapped on his desk with an energy which made Jenny skip to her seat with unusual rapidity.
As he sunk to the floor I wheeled around with my back toward the nearest desk, expecting to be overwhelmed by the vengeance of his fellows, but determined to give them as good a battle as the unequal odds would permit before I gave up my life.
Obedient to this summons there ranged themselves in front of the schoolmaster's desk, half-a-dozen scarecrows, out at knees and elbows, one of whom placed a torn and filthy book beneath his learned eye.
Steighton, a man of about thirty-five, with a face at once sly and heavy, hastened to execute this order; he laid the letters on the desk, and I was soon seated at it, and engaged in rendering the English answers into German.
Rebecca sank into her seat and pulled the singing book from her desk.
His opened mail lay like a bank of stage snow on his crowded desk.
The desk I left where it was, there being no name on it.
Lorry, reddening, "that I will hear no disrespectful word of that young lady from any lips; and that if I knew any man--which I hope I do not-- whose taste was so coarse, and whose temper was so overbearing, that he could not restrain himself from speaking disrespectfully of that young lady at this desk, not even Tellson's should prevent my giving him a piece of my mind.
With the stone he broke out a corner of the window and then locked the door and sat down at the desk before the open Bible to wait.
In another minute, Mr Pancks's arms were on the desk, and Mr Pancks's head was bowed down upon them; and for some time they remained in these attitudes, idle and silent, with the width of the little room between them.
Well, all I know is,' replied Miss Sally, 'that it's not to be found, and that it disappeared one day this week, when I left it on the desk.
Here I sit at the desk again, on a drowsy summer afternoon.