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.
Nearby TermsTHB The Curb The Desk The Harmonized Commodity Description and Coding System The Public
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University