Memorandum to all Primary Dealers and Recipients of the Weekly Press Release on Dealer Positions and Transactions

The latest list reflects the following changes:

This revision, announced on July 2, 2001 is retroactive to April 30, 2001 - Dresdner Kleinwort Benson North America LLC has changed its name to Dresdner Kleinwort Wasserstein Securities LLC.

List of the Primary Government Securities Dealers Reporting to the Securities Reports Division of the FRBNY

ABN AMRO Incorporated
BMO Nesbitt Burns Corp.
BNP Paribas Securities Corp.
Banc of America Securities LLC
Banc One Capital Markets, Inc.
Barclays Capital Inc.
Bear, Stearns & Co., Inc.
CIBC World Markets Corp.
Credit Suisse First Boston Corporation
Daiwa Securities America Inc.
Deutsche Banc Alex. Brown Inc.
Dresdner Kleinwort Wasserstein Securities LLC
Fuji Securities Inc.
Goldman, Sachs & Co.
Greenwich Capital Markets, Inc.
HSBC Securities (USA) Inc.
J. P. Morgan Securities, Inc.
Lehman Brothers Inc.
Merrill Lynch Government Securities Inc.
Morgan Stanley & Co. Incorporated
Nomura Securities International, Inc.
SG Cowen Securities Corporation
Salomon Smith Barney Inc.
UBS Warburg LLC.
Zions First National Bank