Federal Open Market Committee; Domestic Policy Directive of September 20, 2005, 60526 [05-20801]

Download as PDF 60526 Federal Register / Vol. 70, No. 200 / Tuesday, October 18, 2005 / Notices for mergers, branches, and certain other corporate activities. Financial institutions maintain and provide the information to the Federal Reserve System. Board of Governors of the Federal Reserve System, October 13, 2005. Jennifer J. Johnson, Secretary of the Board. [FR Doc. 05–20833 Filed 10–17–05; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Federal Open Market Committee; Domestic Policy Directive of September 20, 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 September 20, 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 33⁄4 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, October 12, 2005. Vincent R. Reinhart, Secretary, Federal Open Market Committee. [FR Doc. 05–20801 Filed 10–17–05; 8:45 am] BILLING CODE 6210–01–P 1 Copies of the Minutes of the Federal Open Market Committee Meeting on August 9, 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 Aug<31>2005 17:22 Oct 17, 2005 Jkt 208001 GENERAL SERVICES ADMINISTRATION FOR FURTHER INFORMATION CONTACT [OMB Control No. 3090–0252] General Services Administration Acquisition Regulation; Information Collection; Preparation, Submission, and Negotiation of Subcontracting Plans Office of the Chief Acquisition Officer, GSA. ACTION: Notice of request for comments regarding a renewal to an existing OMB clearance. AGENCY: SUMMARY: Under the provisions of the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35), the General Services Administration has submitted to the Office of Management and Budget (OMB) a request to review and approve a renewal of a currently approved information collection requirement regarding preparation, submission, and negotiation of subcontracting plans. A request for public comments was published at 70 FR 24042, May 6, 2005. No comments were received. This information collection will ensure that small and small disadvantaged business concerns are afforded the maximum practicable opportunity to participate as subcontractors in construction, repair, and alteration or lease contracts. Preparation, submission, and negotiation of subcontracting plans requires for all negotiated solicitations having an anticipated award value over $500,000 ($1,000,000 for construction), submission of a subcontracting plan with other than small business concerns when a negotiated acquisition meets all four of the following conditions. 1. When the contracting officer anticipates receiving individual subcontracting plans (not commercial plans). 2. When the award is based on tradeoffs among cost or price and technical and/or management factors under FAR 15.101–1. 3. The acquisition is not a commercial item acquisition. 4. The acquisition offers more than minimal subcontracting opportunities. Public comments are particularly invited on: Whether this collection of information is necessary and whether it will have practical utility; whether our estimate of the public burden of this collection of information is accurate, and based on valid assumptions and methodology; ways to enhance the quality, utility, and clarity of the information to be collected. DATES: Submit comments on or before: November 17, 2005. PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 Rhonda Cundiff, Procurement Analyst, Contract Policy Division, at telephone (202) 501–0044 or via e-mail to rhonda.cundiff@gsa.gov. Submit comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden to Ms. Jeanette Thornton, GSA Desk Officer, OMB, Room 10236, NEOB, Washington, DC 20503, and a copy to the Regulatory Secretariat (VIR), General Services Administration, Room 4035, 1800 F Street, NW., Washington, DC 20405. Please cite OMB Control No. 3090–0252, Preparation, Submission, and Negotiation of Subcontracting Plans, in all correspondence. SUPPLEMENTARY INFORMATION: ADDRESSES: A. Purpose The GSAR provision at 552.219–72 requires a contractor (except small business concerns) to submit a subcontracting plan when a negotiated acquisition including construction, repair, and alterations and lease contracts (except those solicitations using simplified procedures) meets all four of the following conditions. 1. When the contracting officer anticipates receiving individual subcontracting plans (not commercial plans). 2. When award is based on trade-offs among cost or price and technical and/ or management factors under FAR 15.101–1. 3. The acquisition is not a commercial item acquisition. 4. The acquisition offers more than minimal subcontracting opportunities. B. Annual Reporting Burden Respondents: 1,020. Responses Per Respondent: 1. Hours Per Response: 12. Total Burden Hours: 12,240. OBTAINING COPIES OF PROPOSALS: Requesters may obtain a copy of the information collection documents from the General Services Administration, Regulatory Secretariat (VIR), 1800 F Street, NW., Room 4035, Washington, DC 20405, telephone (202) 208–7312. Please cite OMB Control No. 3090–3090–0252, Preparation, Submission, and Negotiation of Subcontracting Plans, in all correspondence. Dated: October 11, 2005. Gerald Zaffos, Director, Contract Policy Division. [FR Doc. 05–20760 Filed 10–17–05; 8:45 am] BILLING CODE 6820–61–S E:\FR\FM\18OCN1.SGM 18OCN1

Agencies

[Federal Register Volume 70, Number 200 (Tuesday, October 18, 2005)]
[Notices]
[Page 60526]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-20801]


-----------------------------------------------------------------------

FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of 
September 20, 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 September 20, 2005.\1\
---------------------------------------------------------------------------

    \1\ Copies of the Minutes of the Federal Open Market Committee 
Meeting on August 9, 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\3/4\ 
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, October 12, 2005.
Vincent R. Reinhart,
Secretary, Federal Open Market Committee.
[FR Doc. 05-20801 Filed 10-17-05; 8:45 am]
BILLING CODE 6210-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.