FOMC/FOMC20060131meeting/FOMC20060131meeting--20.txt CHAIRMAN GREENSPAN And on the presumption that he is acceptable to the New York Bank , he then becomes the candidate for Manager of the System Open Market Account . FOMC/FOMC20060131meeting/FOMC20060131meeting--20.txt CHAIRMAN GREENSPAN Our next item is the selection of a Federal Reserve Bank to execute transactions for the System Open Market Account . FOMC/FOMC20060131meeting/FOMC20060131meeting--20.txt CHAIRMAN GREENSPAN I would suggest that , unless somebody moves , I will do so and assume it 's effectively implemented . FOMC/FOMC20060131meeting/FOMC20060131meeting--20.txt CHAIRMAN GREENSPAN Would somebody like to move the nomination ? '' FOMC/FOMC20060131meeting/FOMC20060131meeting--20.txt CHAIRMAN GREENSPAN My notes say that New York is again the odds-on favorite . FOMC/FOMC20060131meeting/FOMC20060131meeting--20.txt CHAIRMAN GREENSPAN Without objection , so ordered . FOMC/FOMC20060131meeting/FOMC20060131meeting--20.txt CHAIRMAN GREENSPAN Dino Kos is the incumbent . FOMC/FOMC20060131meeting/FOMC20060131meeting--20.txt CHAIRMAN GREENSPAN -LSB- Laughter -RSB- I 'm always going with the odds-on favorite . FOMC/FOMC20060131meeting/FOMC20060131meeting--20.txt CHAIRMAN GREENSPAN Next , selection of a Manager of the System Open Market Account . FOMC/FOMC20060131meeting/FOMC20060131meeting--20.txt CHAIRMAN GREENSPAN 18 , CHAIRMAN GREENSPAN. , '' Without exception .