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Finance Dictionary and Glossary of Investment Terms
Coupon pass
Definition 1.
Canvassing by the desk of primary dealers to determine the inventory and maturities of their Treasury securities. The desk then decides whether to buy or sell certain issues (coupons) in order to add or withdraw reserves.
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Definition 2.
The purchase of treasury notes or bonds from dealers, by the Federal Reserve.
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Definition 3.
The purchase of treasury notes or bonds from dealers by the Federal Reserve.
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