Banks voice opinion they will ride out the turmoil

UNITED STATES - Banks were quietly confident yesterday that they could survive the financial market implications of Tuesday's attacks.

Initial anxiety in the moments between the first attack and closure of the US market - with large sell-offs of S&P futures - gave way to relatively calm, albeit very thin, trading in Europe.

The Federal Reserve's Treasury bond clearing system and Depositary Trust Company, which settles corporate, municipal and mortgage-backed bonds, continued to function throughout

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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