And by doing that, they would
make small incremental
adjustments to the effective Fed funds rate or the Fed funds target rate at that point in time and actually, because it wasn't posted on Bloomberg or wasn't said at that point in time, in the late 70s, early 80s you wouldn't actually know that the Fed was actually targeting or adjusting interest rates
until you actually saw those processes or felt them in the marketplace occurring in the short - term markets.