FED WILL BUY BILLS FOR CUSTOMER AFTER AUCTION
The Federal Reserve said it will enter
the U.S. Government securities market after the 1300 EST weekly
bill auction to purchase around 900 mln dlrs of Treasury bills
for customers, a spokesman said.
    He said the Fed will purchase bills with maturities from
May through September 10.
    Dealers said Federal funds were trading at 6-3/8 pct when
the Fed announced the operation.
 Reuter
