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Glossary Term: THE DESK

Definition(s) for THE DESK:


1. ) pertains to 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.

2. ) The trading desk at the Federal Reserve Bank of New York through which open market purchases and sales of government and federal agency 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 foreign exchange market.



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