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Open Market Operations in Foreign Exchange 
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)

Foreign exchange operations are also conducted by the New York Federal Reserve Bank for the system and the U.S. Treasury, in accordance with the foreign exchange portion of the directives from the FOMC.  Like the manager for domestic open market operations, the manager for foreign operations is a senior officer of the New York Federal Reserve Bank; both are appointed to the manager posts annually by the FOMC, and both attend the FOMC meetings to report on operations and to receive the FOMC's directives.

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