FED EXPECTED TO SET CUSTOMER REPURCHASES

  The Federal Reserve is expected to
  intervene in the government securities market to add temporary
  reserves indirectly via 1.5 to 2.5 billion dlrs of customer
  repurchase agreements, economists said.
      They said that while the Fed has only a moderate add need
  over the next few days, it will probably intervene in an
  attempt to counteract an elevated federal funds rate.
      Fed funds, which averaged 6.09 pct on Friday, opened at
  6-3/16 pct and remained at that level in early trading.
  

