XII. Interpretation of data.

Here is a table showing the performance of the securities held in the Federal Reserve’s open market account. You are asked to write a brief memorandum to your teacher, commenting on their performance.

Securities held in the Federal Reserve’s open market account

As of June 29, 20XX

Billions of dollars

Remaining maturity	US Treasury securities	Federal agency securities	Total
1 year or less	209.5	1.8	211.3
More than 1 year to 5 years	83.7	1.8	85.6
More than 5 years to 10 years	25.3	.6	25.8
More than 10 years	33.1		33.1
Total	351.6	4.2	355.8

XIII. Find in the text given below answers to the following questions:

1. What are two approaches of the Federal Reserve open market operations?

2. What is the movement of the Treasury if the Federal Reserve redeems the securities held in its portfolio?

3. How often does the Federal Reserve conduct sales, purchases and redemptions?

4. How can you characterize temporary transactions of the Federal Reserve?

5. Explain, how you understand outright transactions.

6. Give the explanation of the RPs.

7. What purchase agreements exist in the open market movements?

8. What is the typical arrangement of the matched sale-purchase transactions?

9. When does the Federal Reserve employ matched sale-purchase transactions?

10. What are the usual maturities of such agreements?

XIV. Give a brief report on the given material

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