New York Fed Text: Suspends New Business With MF Global

NEW YORK (MNI) – The following was issued Monday morning by the New
York Federal Reserve Bank:

“The Federal Reserve Bank of New York has informed MF Global Inc.
that it has been suspended from conducting new business with the New
York Fed.

This suspension will continue until MF Global establishes, to the
satisfaction of the New York Fed, that MF Global is fully capable of
discharging the responsibilities set out in the New York Fed’s policy,
Administration of Relationships with Primary Dealers, or until the New
York Fed decides to terminate MF Global’s status as a primary dealer.”

** Market News International Washington Bureau: 202-371-2121 **

[TOPICS: M$U$$$,MMUFE$,MGU$$$,MFU$$$]