Federal Open Market Committee; Domestic Policy Directive of March 22, 2005, 22045 [05-8491]
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Federal Register / Vol. 70, No. 81 / Thursday, April 28, 2005 / Notices
FEDERAL RESERVE SYSTEM
Federal Open Market Committee;
Domestic Policy Directive of March 22,
2005
In accordance with § 271.25 of its
rules regarding availability of
information (12 CFR part 271), there is
set forth below the domestic policy
directive issued by the Federal Open
Market Committee at its meeting held
on March 22, 2005.1
The Federal Open Market Committee
seeks monetary and financial conditions
that will foster price stability and
promote sustainable growth in output.
To further its long-run objectives, the
Committee in the immediate future
seeks conditions in reserve markets
consistent with increasing the Federal
funds rate to an average of around 23/
4 percent.
The vote encompassed approval of the
paragraph below for inclusion in the
statement to be released shortly after the
meeting:
‘‘The Committee perceives that, with
appropriate monetary policy action, the
upside and downside risks to the
attainment of both sustainable growth
and price stability should be kept
roughly equal. With underlying
inflation expected to be contained, the
Committee believes that policy
accommodation can be removed at a
pace that is likely to be measured.
Nonetheless, the Committee will
respond to changes in economic
prospects as needed to fulfill its
obligation to maintain price stability.’’
By order of the Federal Open Market
Committee, April 19, 2005.
Vincent R. Reinhart,
Secretary, Federal Open Market Committee.
[FR Doc. 05–8491 Filed 4–27–05; 8:45 am]
BILLING CODE 6210–01–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Centers for Disease Control and
Prevention
Development of Influenza Surveillance
Networks
Announcement Type: New.
Funding Opportunity Number:
AA011.
1 Copies of the Minutes of the Federal Open
Market Committee Meeting on March 22, 2005,
which includes the domestic policy directive issued
at the meeting, are available upon request to the
Board of Governors of the Federal Reserve System,
Washington, DC 20551. The minutes are published
in the Federal Reserve Bulletin and in the Board’s
annual report.
VerDate jul<14>2003
16:00 Apr 27, 2005
Jkt 205001
Catalog of Federal Domestic
Assistance Number: 93.283.
Key Dates:
Letter of Intent Deadline: May 31,
2005.
Application Deadline: June 27, 2005.
Executive Summary: An influenza
pandemic has greater potential than any
other naturally occurring infectious
disease event to cause large and rapid
global and domestic increases in deaths
and serious illnesses. Preparedness is
the key to substantially reducing the
health, social, and economic impacts of
an influenza pandemic and other public
health emergencies. One component of
preparedness involves understanding
the impact that annual epidemics of
influenza have on the population. These
data regarding impact are critical to the
development of prevention and control
measures such as vaccination policies.
Vaccination efforts are the cornerstone
of influenza prevention and will be the
primary means of mitigating the impact
of an influenza pandemic.
The systematic collection of influenza
surveillance data over time is necessary
to monitor and track influenza virus and
disease activity and is essential to
understanding the impact influenza has
on a country’s population. Improving
surveillance systems by developing
influenza surveillance networks is
critical for the rapid detection of new
variants, including those with pandemic
potential, to contribute to the global
surveillance system. Global
collaboration, under the coordination of
the World Health Organization (WHO),
is a key feature of influenza
surveillance. WHO established an
international laboratory-based
surveillance network for influenza in
1948. The network currently consists of
112 National Influenza Center (NIC)
laboratories in 83 countries, and four
WHO Collaborating Centers for
Reference and Research of Influenza
(including one located at the Centers for
Disease Control and Prevention). The
primary purposes of the WHO network
are to detect the emergence and spread
of new antigenic variants of influenza,
to use this information to update the
formulation of influenza vaccine, and to
provide as much warning as possible
about the next pandemic. This system
provides the foundation of worldwide
influenza prevention and control.
Monitoring of influenza viruses and
providing contributions to the global
surveillance system will assure that data
used in annual WHO vaccine
recommendations are relevant to each
country that participates. Increased
participation in the global surveillance
system for influenza viruses will
enhance each country’s ability to
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22045
monitor severe respiratory illness, to
develop vaccine policy, and to help
build global and regional strategies for
the prevention and control of influenza.
Monitoring influenza disease activity is
important to facilitate resource
planning, communication, intervention,
and investigation.
This announcement seeks to support
foreign governments through their
Ministries of Health or other responsible
Ministries for human health in the
development or improvement of
epidemiologic and virologic influenza
surveillance networks. These networks
will focus on the systematic collection
of virological and epidemiological
information for influenza. This support
is meant to enhance, and not to
supplant, current influenza surveillance
activities. Proposals should build upon
infrastructure already in place.
Preference will be given to countries
where resources are currently limited
and influenza surveillance is not well
established due to lack of resources.
I. Funding Opportunity Description
Authority: This program is authorized
under sections 301(a) and 307 of the
Public Health Service Act, [42 U.S.C.
sections 241(a), and 242l], as amended.
Purpose: The purpose of the program
is to provide support and assistance to
foreign governments for the
development or improvement of
influenza surveillance networks. These
networks will focus on the systematic
collection of virological and
epidemiological information for
influenza. Countries applying for
support must have an active WHO NIC
recognized by WHO. This program
addresses the ‘‘Healthy People 2010’’
focus area(s) of Immunization and
Infectious diseases.
The objectives of this program are to
(1) establish or enhance an active
influenza surveillance network that uses
standardized data collection
instruments, operational definitions,
and laboratory diagnostic tests to
enhance surveillance for influenza at
three or more sites within the country;
(2) use the experience gained to expand
the surveillance system to include
additional sites; (3) improve local
laboratory diagnostic capabilities by
supporting and enhancing those local
laboratories that participate in influenza
surveillance; (4) develop educational
and training opportunities for local
public health practitioners as part of
broader efforts to improve public health
infrastructure in the region; and (5)
improve communications and data
exchange between laboratories and
epidemiologists in the global influenza
surveillance network by expanding the
E:\FR\FM\28APN1.SGM
28APN1
]]>Agencies
[Federal Register Volume 70, Number 81 (Thursday, April 28, 2005)]
[Notices]
[Page 22045]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-8491]
[[Page 22045]]
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FEDERAL RESERVE SYSTEM
Federal Open Market Committee; Domestic Policy Directive of March
22, 2005
In accordance with Sec. 271.25 of its rules regarding availability
of information (12 CFR part 271), there is set forth below the domestic
policy directive issued by the Federal Open Market Committee at its
meeting held on March 22, 2005.\1\
---------------------------------------------------------------------------
\1\ Copies of the Minutes of the Federal Open Market Committee
Meeting on March 22, 2005, which includes the domestic policy
directive issued at the meeting, are available upon request to the
Board of Governors of the Federal Reserve System, Washington, DC
20551. The minutes are published in the Federal Reserve Bulletin and
in the Board's annual report.
---------------------------------------------------------------------------
The Federal Open Market Committee seeks monetary and financial
conditions that will foster price stability and promote sustainable
growth in output. To further its long-run objectives, the Committee in
the immediate future seeks conditions in reserve markets consistent
with increasing the Federal funds rate to an average of around 23/4
percent.
The vote encompassed approval of the paragraph below for inclusion
in the statement to be released shortly after the meeting:
``The Committee perceives that, with appropriate monetary policy
action, the upside and downside risks to the attainment of both
sustainable growth and price stability should be kept roughly equal.
With underlying inflation expected to be contained, the Committee
believes that policy accommodation can be removed at a pace that is
likely to be measured. Nonetheless, the Committee will respond to
changes in economic prospects as needed to fulfill its obligation to
maintain price stability.''
By order of the Federal Open Market Committee, April 19, 2005.
Vincent R. Reinhart,
Secretary, Federal Open Market Committee.
[FR Doc. 05-8491 Filed 4-27-05; 8:45 am]
BILLING CODE 6210-01-P
