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

The latest list reflects the following changes:

Effective January 12, 2001, Deutsche Bank Securities, Inc. changed its name to Deutsche Banc Alex. Brown Inc.

LIST OF THE PRIMARY GOVERNMENT SECURITIES DEALERS REPORTING TO THE SECURITIES REPORTS DIVISION OF THE FEDERAL RESERVE BANK OF NEW YORK

ABN AMRO Incorporated
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 Benson North America LLC.
Fuji Securities Inc.
Goldman, Sachs & Co.
Greenwich Capital Markets, Inc.
HSBC Securities (USA) Inc.
J. P. Morgan Securities, Inc./Chase Securities Inc.*
Lehman Brothers Inc.
Merrill Lynch Government Securities Inc.
Morgan Stanley & Co. Incorporated
Nesbitt Burns Securities Inc.
Nomura Securities International, Inc.
SG Cowen Securities Corporation
Salomon Smith Barney Inc.
UBS Warburg LLC.
Zions First National Bank

* This change results from the merger of J.P. Morgan & Co. Incorporated and Chase Manhattan Corporation at the holding company level (effective December 31, 2000). The two primary dealers, which are now affiliates, are expected to merge at the end of the first quarter or early in the second quarter of 2001.