FED WILL BUY BILLS FOR CUSTOMER AFTER AUCTION

  The Federal Reserve said it will enter
  the U.S. Government securities market after the 1300 EST weekly
  bill auction to purchase around 900 mln dlrs of Treasury bills
  for customers, a spokesman said.
      He said the Fed will purchase bills with maturities from
  May through September 10.
      Dealers said Federal funds were trading at 6-3/8 pct when
  the Fed announced the operation.
  

