By Michael S. Derby

(Reuters) -The Federal Reserve’s decision last month to announce a looming halt to the drawdown of its balance sheet earlier than many had expected drew broad support from central bankers, who also expressed interest in reweighting central bank holdings from longer-dated bonds toward Treasury bills, meeting minutes from the late October policy meeting released on Wednesday said.

“Many participants indicated that a greater share of Treasury bills could provide the Federal Reserve with more flexibility” in dealing with market liquidity needs, the minutes for the October 28-29 Federal Open Market Committee meeting showed.

The document added that “several participants also noted that a greater share of Treasury bills could increase flexibility for future monetary policy

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