LOOSE CHANGE

LOOSE CHANGE

Although its keeping mum about its plans, talk continues to surface about IBM's plans to find a currency overlay manager for its pension fund. The latest: they haven't decided to go ahead yet.

Clarification: The Federal Reserve Bank of New York's foreign exchange turnover survey was sent to 175 banks in the U.S., but more were asked to participate, a spokesman there says.

Rebuttal: Bank of America's San Francisco foreign exchange trading room is not "risk-averse," sources at the bank who

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