TITLE

Fed Wants to Halt Its Paper Bond Processing Program

AUTHOR(S)
Hume, Lynn
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/15/2004, Vol. 350 Issue 31990, p47
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the U.S. Federal Reserve Board proposed in October 2004 that it halt the processing of bearer or paper bonds and coupons for depository institutions by the end of 2005, claiming the service will no longer be cost effective and will cause the board to violate a federal law.
ACCESSION #
14750334

 

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