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MONEY MARKETS OF THE UNITED STATES
New York v London
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acceptance credits American banks amount arbitrage Bank of Canada Bank of France Bank rate bill market borrowing brokers call money market call money rates Canadian dollars Canadian money market cash ceiling cent Central Bank Certificates Certificates of Deposits changes collateral commercial banks commercial bills commercial paper market countries currency customers dealers dealing decline deposit market differentials discount houses discount rate eligible Euro-currency Euro-dollar market expansion extent facilities Federal Fund rates Federal Funds market Federal Reserve Bank financial centres firms fixed foreign banks Government securities holdings important increase institutions inter-bank deposit interest rates investment investors issued lenders lending liable limited liquid resources market in Treasury maturities minimum monetary policy non-banking notes official open market operations parallel money markets portfolios re-discount re-purchase agreements reserve period reserve ratio secondary market sell short-term sterling Swiss tion transactions Treasury bills trend turnover U.S. dollar United usually volume