Press Release
New York Fed Considers Discontinuing Publication of Foreign Exchange Rates
August 2, 2007

NEW YORK —The Federal Reserve Bank of New York is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. The New York Fed currently publishes foreign exchange rates at 10 am and noon each business day on its website. A final decision will be announced in September 2007.
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