FRANKFURT (MNI) - Following is the second half of the verbatim text of the speech made Sunday by Greek Prime Minister George Papandreou to Cabinet:

"Critics and even our well-intentioned friends say: 'There will be political fallout. PASOK is turning its back on its policies. You will only see one term of office'.

"My answer is: PASOK always has a red line -- the interest of our nation and nothing else.

FRANKFURT (MNI) - Following is the full text of the statement released Sunday by the European Central Bank in response to the economic and financial adjustment programme approved earlier in the day by the Greek government:

"The Governing Council of the European Central Bank (ECB) welcomes the economic and financial adjustment programme which was approved today by the Greek government following the successful conclusion of the negotiations with the European Commission, in liaison with the ECB, and the International Monetary Fund.

By John Shaw

WASHINGTON (MNI) - Whatever else may have been lacking in Washington this week, it wasn't words about the severity of the nation's fiscal problems.

By Steven K. Beckner

(MNI) - In its Federal Register notice, the Fed expounds on the TDF purpose and anticipated operations at considerable length.

"Term deposits are intended to facilitate the conduct of monetary policy by providing a tool for managing the aggregate quantity of reserve balances," says the notice.

By Steven K. Beckner

(MNI) - In preparation for eventual reserve draining operations to help withdraw monetary stimulus, the Federal Reserve Board moved Friday to create a new facility which would enable financial firms with reserve holdings at the Fed to convert those reserves into interest-earning deposits.

The Fed Board amended its Regulation D, governing reserve requirements of depository institutions, to authorize the 12 Federal Reserve Banks to offer term deposits of varying maturities through a Term Deposit Facility or TDF.

WASHINGTON (MNI) - The following is a text released Friday by the New York Federal Reserve:

FRBNY Reverse Repurchase Program Form Master Repurchase Agreement (MRA) for Money Market Mutual Funds, including Applicable Annexes

This agreement sets the legal terms and conditions under which FRBNY and its money market mutual fund counterparties may undertake reverse repurchase transactions. The base form is the Master Repurchase Agreement published by SIFMA, available here:

http://www.sifma.org/services/stdforms/pdf/master_repo_agreement.pdf.

By Steven K. Beckner

(MNI) - Federal financial regulators issued final guidelines on Friday on how banks should monitor and manage their credit and funding risk exposures to other financial institutions.

The Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency issued guidelines on "Correspondent Concentration Risks" (CCR) directing banks to be aware of and to control their risks vis-a-vis other firms and their affiliates.

By John Shaw

WASHINGTON (MNI) - Senate Majority Leader Harry Reid said Friday the Senate will spend the day debating financial regulatory reform legislation, adding that votes on amendments will begin next week.