U.S. Government Securities:

The Federal Reserve Response Regarding Its Market-Making Standard

GGD-87-55FS: Published: Apr 21, 1987. Publicly Released: Apr 21, 1987.

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In response to a congressional request, GAO submitted material on its analysis of primary dealers' participation at Department of the Treasury auctions.

GAO presented material it received in response to questions concerning primary dealer participation at U.S. Treasury auctions and in market-making activities.

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