Senator Paul S. Sarbanes, Chairman of the Senate Banking, Housing, and Urban Affairs, has announced the procedures for media review of the monetary policy report and testimony of Federal Reserve Chairman Alan Greenspan in preparation for the hearing on Tuesday, July 16, 2002 in Room SDG-50 of the Dirksen Senate Office Building.

Lock-up Procedures: Prior to the hearing, members of the media with Congressional credentials will be permitted to review the testimony. Members of the media planning to attend the lock-up and/or hearing must register with their appropriate media galleries.

Lock-up Location: Room 538, Dirksen Senate Office Building

Set Up: Computers may be placed in the room between 7:30 and 8:15 a.m. July 16. The room will be cleared at 8:15 a.m. The testimony will be distributed at that time. At 8:30 a.m., members of the media will be readmitted. No one leaves the room until 9:30 a.m. Reporters will be allowed to file copy for editing purposes only.

Filing: Telephone lines may be installed in the committee room to facilitate filing after the embargo ends. Members of the media should contact Verizon directly for phone-line installation. All phone installation must be completed by 7:00 a.m. on July 16. When placing the installation order, the following address should be used:

The Banking Committee and the Senate bear no responsibility for the installation of phone lines or the provision of phone-line extension cords.

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