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Guidelines for the Conduct of System Open Market
Operations in Federal-Agency Issues

As revised January 28, 2003
8-834
1. System open market operations in federal-agency issues are an integral part of total System open market operations designed to influence bank reserves, money market conditions, and monetary aggregates.
2. System open market operations in federal-agency issues are not designed to support individual sectors of the market or to channel funds into issues of particular agencies.
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