The Federal Reserve said it will enterthe 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
