Federal Open Market Committee; Domestic Policy Directive of January 27 and 28, 2009, 9245 [E9-4471]
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Federal Register / Vol. 74, No. 40 / Tuesday, March 3, 2009 / Notices
Proposed Consent Agreement.
FEDERAL RESERVE SYSTEM
ACTION:
Federal Open Market Committee;
Domestic Policy Directive of January
27 and 28, 2009
SUMMARY: The consent agreement in this
matter settles alleged violations of
federal law prohibiting unfair or
deceptive acts or practices or unfair
methods of competition. The attached
Analysis to Aid Public Comment
describes both the allegations in the
draft complaint and the terms of the
consent order—embodied in the consent
agreement—that would settle these
allegations.
DATES: Comments must be received on
or before March 27, 2009.
ADDRESSES: Interested parties are
invited to submit written comments.
Comments should refer to ‘‘Lubrizol and
Lockhart, File No. 071 0230,’’ to
facilitate the organization of comments.
A comment filed in paper form should
include this reference both in the text
and on the envelope, and should be
mailed or delivered to the following
address: Federal Trade Commission/
Office of the Secretary, Room 135-H,
600 Pennsylvania Avenue, N.W.,
Washington, D.C. 20580. Comments
containing confidential material must be
filed in paper form, must be clearly
labeled ‘‘Confidential,’’ and must
comply with Commission Rule 4.9(c).
16 CFR 4.9(c) (2005).1 The FTC is
requesting that any comment filed in
paper form be sent by courier or
overnight service, if possible, because
U.S. postal mail in the Washington area
and at the Commission is subject to
delay due to heightened security
precautions. Comments that do not
contain any nonpublic information may
instead be filed in electronic form by
following the instructions on the webbased form at (https://
secure.commentworks.com/ftcLubrizolLockhart). To ensure that the
Commission consider an electronic
comment, you must file it on that webbased form.
The FTC Act and other laws the
Commission administers permit the
collection of public comments to
consider and use in this proceeding as
appropriate. All timely and responsive
public comments, whether filed in
paper or electronic form, will be
considered by the Commission, and will
be available to the public on the FTC
website, to the extent practicable, at
www.ftc.gov. As a matter of discretion,
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 January 27 and 28, 2009.1
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 seeks conditions in reserve
markets consistent with federal funds
trading in a range of 0 to 1⁄4 percent. The
Committee directs the Desk to purchase
GSE debt and agency–guaranteed MBS
during the intermeeting period with the
aim of providing support to the
mortgage and housing markets. The
timing and pace of these purchases
should depend on conditions in the
markets for such securities and on a
broader assessment of conditions in
primary mortgage markets and the
housing sector. By the end of the second
quarter of this year, the Desk is expected
to purchase up to $100 billion in
housing–related GSE debt and up to
$500 billion in agency–guaranteed MBS.
The System Open Market Account
Manager and the Secretary will keep the
Committee informed of ongoing
developments regarding the System’s
balance sheet that could affect the
attainment over time of the Committee’s
objectives of maximum employment
and price stability.
By order of the Federal Open Market
Committee, February 19, 2009.
Brian F. Madigan,
Secretary, Federal Open Market Committee.
[FR Doc. E9–4471 Field 3–2–09; 8:45 am]
BILLING CODE 6210–01–S
FEDERAL TRADE COMMISSION
[File No. 071 0230]
The Lubrizol Corporation and The
Lockhart Company; Analysis of
Agreement Containing Consent Order
to Aid Public Comment
mstockstill on PROD1PC66 with NOTICES
AGENCY:
Federal Trade Commission.
1 Copies
of the Minutes of the Federal Open
Market Committee at its meeting held on January
27 and 28, 2009, 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, D.C. 20551.
The minutes are published in the Federal Reserve
Bulletin and in the Board’s annual report.
VerDate Nov<24>2008
16:42 Mar 02, 2009
Jkt 217001
1 The comment must be accompanied by an
explicit request for confidential treatment,
including the factual and legal basis for the request,
and must identify the specific portions of the
comment to be withheld from the public record.
The request will be granted or denied by the
Commission’s General Counsel, consistent with
applicable law and the public interest. See
Commission Rule 4.9(c), 16 CFR 4.9(c).
PO 00000
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9245
the FTC makes every effort to remove
home contact information for
individuals from the public comments it
receives before placing those comments
on the FTC website. More information,
including routine uses permitted by the
Privacy Act, may be found in the FTC’s
privacy policy, at (https://www.ftc.gov/
ftc/privacy.shtm).
FOR FURTHER INFORMATION CONTACT:
Leonard L. Gordon, Nancy Turnblacer,
and Alan B. Loughnan, Northeast
Regional Office, 600 Pennsylvania
Avenue, NW, Washington, D.C. 20580,
(212) 607-2829.
SUPPLEMENTARY INFORMATION: Pursuant
to section 6(f) of the Federal Trade
Commission Act, 38 Stat. 721, 15 U.S.C.
46(f), and § 2.34 of the Commission
Rules of Practice, 16 CFR 2.34, notice is
hereby given that the above-captioned
consent agreement containing a consent
order to cease and desist, having been
filed with and accepted, subject to final
approval, by the Commission, has been
placed on the public record for a period
of thirty (30) days. The following
Analysis to Aid Public Comment
describes the terms of the consent
agreement, and the allegations in the
complaint. An electronic copy of the
full text of the consent agreement
package can be obtained from the FTC
Home Page (for February 26, 2009), on
the World Wide Web, at (https://
www.ftc.gov/os/2009/02/index.htm). A
paper copy can be obtained from the
FTC Public Reference Room, Room 130H, 600 Pennsylvania Avenue, NW,
Washington, D.C. 20580, either in
person or by calling (202) 326-2222.
Public comments are invited, and may
be filed with the Commission in either
paper or electronic form. All comments
should be filed as prescribed in the
ADDRESSES section above, and must be
received on or before the date specified
in the DATES section.
Analysis of Agreement Containing
Consent Order to Aid Public Comment
I. Introduction
The Federal Trade Commission
(‘‘Commission’’) has accepted, subject to
final approval, an Agreement
Containing Consent Order (‘‘Consent
Agreement’’) from The Lubrizol
Corporation and The Lockhart Company
(‘‘Respondents’’). The Consent
Agreement is intended to resolve
anticompetitive effects stemming from
The Lubrizol Corporation’s (‘‘Lubrizol’’)
acquisition of certain assets of The
Lockhart Company (‘‘Lockhart’’) in the
United States market for rust
preventives containing oxidates. Under
the terms of the proposed Consent
Agreement, Lubrizol is required to
E:\FR\FM\03MRN1.SGM
03MRN1
Agencies
[Federal Register Volume 74, Number 40 (Tuesday, March 3, 2009)]
[Notices]
[Page 9245]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-4471]
[[Page 9245]]
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FEDERAL RESERVE SYSTEM
Federal Open Market Committee; Domestic Policy Directive of
January 27 and 28, 2009
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 January 27 and 28, 2009.\1\
---------------------------------------------------------------------------
\1\[thinsp]Copies of the Minutes of the Federal Open Market
Committee at its meeting held on January 27 and 28, 2009, 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, D.C. 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
seeks conditions in reserve markets consistent with federal funds
trading in a range of 0 to \1/4\ percent. The Committee directs the
Desk to purchase GSE debt and agency-guaranteed MBS during the
intermeeting period with the aim of providing support to the mortgage
and housing markets. The timing and pace of these purchases should
depend on conditions in the markets for such securities and on a
broader assessment of conditions in primary mortgage markets and the
housing sector. By the end of the second quarter of this year, the Desk
is expected to purchase up to $100 billion in housing-related GSE debt
and up to $500 billion in agency-guaranteed MBS. The System Open Market
Account Manager and the Secretary will keep the Committee informed of
ongoing developments regarding the System's balance sheet that could
affect the attainment over time of the Committee's objectives of
maximum employment and price stability.
By order of the Federal Open Market Committee, February 19, 2009.
Brian F. Madigan,
Secretary, Federal Open Market Committee.
[FR Doc. E9-4471 Field 3-2-09; 8:45 am]
BILLING CODE 6210-01-S