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[bob3]

Reuters: Emergency fed meeting at 11:30am tomorrow morning on interest rates:

hmm.. the question is, will they cut something crazy like .75 in order to stop a large bank from failing, or will they surprise the FUK out of everyone and raise rates to keep the dollar from collapsing to zero?

http://www.federalreserve.gov/boarddocs/meetings/2008/20080303/advancedexp.htm

Advance Notice of a Portion of a Meeting
under Expedited Procedures

It is anticipated that a portion of the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, March 3, 2008, will be held under expedited procedures, as set forth in section 26lb.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th Street and C Streets, N.W., Washington, D.C. The following items of official Board business are tentatively scheduled to be considered at that meeting.

Meeting date: March 3, 2008


Matters to be Considered:
1. Review and determination by the Board of Governors of the advance and discount rates to be charged by Federal Reserve Banks.

A final announcement of matters considered under expedited procedures will be available in the Board's Freedom of Information and Public Affairs Offices and on the Board's Web site following the closed meeting.

For more information please contact: Michelle Smith, Director, or Dave Skidmore, Assistant to the Board, Office of Board Members at 202-452-2955.