Statement Regarding System Open Market Account Activity - Operating Policy

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Statement Regarding System Open Market Account Activity

January 17, 2008

On Thursday, January 24, 2008, the Federal Reserve’s System Open Market Account will redeem $5 billion of Treasury bill holdings.

The Federal Reserve Open Market Trading Desk will continue to evaluate the need for the use of other tools, including further Treasury bill redemptions, reverse repurchase agreements and Treasury bill sales.