FOMC/FOMC20050202meeting/FOMC20050202meeting--13.txt CHAIRMAN GREENSPAN The next item on the agenda is the selection of a Federal Reserve Bank to execute transactions for the System Open Market Account . FOMC/FOMC20050202meeting/FOMC20050202meeting--13.txt CHAIRMAN GREENSPAN -LSB- Laughter -RSB- In that event , not wishing to go against the odds , I will entertain any motion which is restricted to nominating the Federal Reserve Bank of New York ! '' FOMC/FOMC20050202meeting/FOMC20050202meeting--13.txt CHAIRMAN GREENSPAN My notes indicate to me , and I quote , `` New York is the odds-on favorite . '' FOMC/FOMC20050202meeting/FOMC20050202meeting--13.txt CHAIRMAN GREENSPAN 11 , CHAIRMAN GREENSPAN. , '' Without objection , that is approved . FOMC/FOMC20050202meeting/FOMC20050202meeting--14.txt MR. FERGUSON 12 , MR. FERGUSON. , '' Well , consistent with the odds and tradition , I will nominate the Federal Reserve Bank of New York . ''