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FRB proposes new data reporting requirements

The Federal Reserve Board (FRB) has proposed new data collection
requirements related to selected money market instruments.  To assist
in monitoring money market conditions, the proposal will require insured
depository institutions with total assets of $26 billion or more, and U.S.
branches and agencies of foreign banks with third party assets of $900 million
or more, to report daily to the Federal Reserve on their federal funds transactions,
Eurodollar transactions and certificates of deposit.  Comments on the
proposal will be due 60 days after its publication in the Federal Register.

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