Subtle Press Release or Shot Accross the Bow for Agency Mrkt?

The Federal Reserve Board on Thursday announced that it intends, beginning in July 2006, to require Reserve Banks to release interest and redemption payments on securities issued by government-sponsored enterprises and international organizations only when the issuer's Federal Reserve account contains sufficient funds to cover these payments.

[...]the rising level of intraday credit in recent years has prompted a reassessment of this practice [...]