Federal Open Market Committee; Domestic Policy Directive of June 29-30, 2005, 46525 [05-15793]

Download as PDF Federal Register / Vol. 70, No. 153 / Wednesday, August 10, 2005 / Notices from the National Information Center website at www.ffiec.gov/nic/. Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than September 6, 2005. A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528: 1. Millennium Bankshares Corporation, Reston, Virginia; to acquire 100 percent of the voting shares of Albemarle First Bank, Charlottesville, Virginia, and MB Interim Bank, Charlottesville, Virginia. B. Federal Reserve Bank of Kansas City (Donna J. Ward, Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001: 1. Peak Banks of Colorado, Inc., Nederland, Colorado; to acquire 100 percent of the voting shares of Clear Creek Bank Corp., and thereby indirectly acquire voting shares of First State Bank, both of Idaho Springs, Colorado. Board of Governors of the Federal Reserve System, August 4, 2005. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 05–15772 Filed 8–9–05; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Federal Open Market Committee; Domestic Policy Directive of June 29– 30, 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 June 29–30, 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 31⁄4 percent. The vote encompassed approval of the paragraph below for inclusion in the 1 Copies of the Minutes of the Federal Open Market Committee Meeting on June 29–30, 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 15:02 Aug 09, 2005 Jkt 205001 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. 46525 This action is taken pursuant to the HHS nonprocurement debarment and suspension regulation at 45 CFR part 76. FOR FURTHER INFORMATION CONTACT: Director, Division of Investigative Oversight, Office of Research Integrity, 1101 Wootton Parkway, Suite 750, Rockville, MD 20852. (301) 443–5330. Chris B. Pascal, Director, Office of Research Integrity. [FR Doc. 05–15777 Filed 8–9–05; 8:45 am] BILLING CODE 4150–31–P By order of the Federal Open Market Committee, August 2, 2005. Vincent R. Reinhart, Secretary, Federal Open Market Committee. [FR Doc. 05–15793 Filed 8–9–05; 8:45 am] DEPARTMENT OF HEALTH AND HUMAN SERVICES BILLING CODE 6210–01–P [Request for Application (RFA) 05055] DEPARTMENT OF HEALTH AND HUMAN SERVICES Office of the Secretary Findings of Scientific Misconduct Office of the Secretary, HHS. Notice. AGENCY: ACTION: SUMMARY: Notice is hereby given that the Office of Research Integrity (ORI), the Acting Assistant Secretary for Health, and the Director, Office of Acquisition Management and Policy, have taken final agency action in the following case: Randall Luce, University at Buffalo, State University of New York: Based on the report of an investigation conducted by the University of Buffalo (UB), State University of New York (SUNY) (UB Report), and a conviction of the criminal offense of grand larceny, as defined in section 110–155.30 of the New York Penal Law, in the Buffalo City Court of Erie County, State of New York (Case #2004ER009612M), the Department of Health and Human Services (HHS) debarred Mr. Randall Luce, former research technician in the UB Research Institute for Addictions (RIA), for a period of three (3) years, beginning on July 26, 2005, and ending on July 25, 2008. Mr. Luce pled guilty to grand larceny and admitted to the misappropriation of funds and the fabrication of research subject interviews in the conduct of an RIA study supported by the United States Public Health Service (PHS), National Institutes of Health (NIH), National Institute on Alcoholism and Alcohol Abuse (NIAAA), grant RO1 AA12452, ‘‘A harm reduction approach for reducing DWI recidivism.’’ PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 Centers for Disease Control and Prevention Strengthening Existing National Organizations Serving Racial and Ethnic Populations Capacity Development Programs: Strategies To Advance Program Implementation, Coordination, Management, and Evaluation Efforts; Notice of Availability of Funds—Amendment A notice announcing the availability of Fiscal Year (FY) 2005 funds to support and strengthen existing National and Regional Minority Organizations (NMOs/RMOs) that engage in health advocacy, promotion, education and preventive healthcare with the intent of improving the health and well-being of racial and ethnic minority populations; published in the Federal Register, on July 26, 2005, Volume 70, Number 142, pages 43152. The notice is amended as follows: On page 43157, second column, please replace the entire paragraph: A special emphasis panel will evaluate complete and responsive applications according to the criteria listed in the ‘‘V.1. Criteria’’ section above. Applications competing for Federal funds receive an objective and independent review performed by a committee of experts qualified by training and experience in particular fields or disciplines related to the program being reviewed. In selecting review committee members for the special emphasis panel, other factors in addition to training and experience may be considered to improve the balance of a panel. Each reviewer is screened to avoid conflicts of interest and is responsible for providing an objective, unbiased evaluation based on the review criteria noted above. The panel provides expert advice on the merits of each application to program officials responsible for final selections for E:\FR\FM\10AUN1.SGM 10AUN1

Agencies

[Federal Register Volume 70, Number 153 (Wednesday, August 10, 2005)]
[Notices]
[Page 46525]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-15793]


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FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of June 
29-30, 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 June 29-30, 2005.\1\
---------------------------------------------------------------------------

    \1\ Copies of the Minutes of the Federal Open Market Committee 
Meeting on June 29-30, 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 3\1/4\ 
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, August 2, 2005.
Vincent R. Reinhart,
Secretary, Federal Open Market Committee.
[FR Doc. 05-15793 Filed 8-9-05; 8:45 am]
BILLING CODE 6210-01-P
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