Federal Open Market Committee; Domestic Policy Directive of January 26 and 27, 2010, 10267 [2010-4690]

Download as PDF Federal Register / Vol. 75, No. 43 / Friday, March 5, 2010 / Notices pursuant to Section 1.1311 and may not commence IBOC operation until such EA is ruled upon by the Commission. Federal Communications Commission. Marlene H. Dortch, Secretary, Office of the Secretary, Office of Managing Director. [FR Doc. 2010–4670 Filed 3–4–10; 8:45 am] BILLING CODE 6712–01–S FEDERAL DEPOSIT INSURANCE CORPORATION Notice of Agency Meeting Pursuant to the provisions of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b), notice is hereby given that at 9 a.m. on Tuesday, March 2, 2010, the Board of Directors of the Federal Deposit Insurance Corporation met in closed session to consider matters related to the Corporation’s supervision and resolution activities. In calling the meeting, the Board determined, on motion of Vice Chairman Martin J. Gruenberg, seconded by Director John E. Bowman (Acting Director, Office of Thrift Supervision), concurred in by Director Thomas J. Curry (Appointive), Director John C. Dugan (Comptroller of the Currency), and Chairman Sheila C. Bair, that Corporation business required its consideration of the matters which were to be the subject of this meeting on less than seven days’ notice to the public; that no earlier notice of the meeting was practicable; that the public interest did not require consideration of the matters in a meeting open to public observation; and that the matters could be considered in a closed meeting by authority of subsections (c)(4), (c)(6), (c)(8), (c)(9)(A)(ii), (c)(9)(B), and (c)(10) of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b(c)(4), (c)(6), (c)(8), (c)(9)(A)(ii), (c)(9)(B), and (c)(10)). The meeting was held in the Board Room of the FDIC Building located at 550—17th Street, NW., Washington, DC. 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 26 and 27, 2010.1 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 from 0 to 1⁄4 percent. The Committee directs the Desk to purchase agency debt and agency MBS during the intermeeting period with the aim of providing support to private credit markets and economic activity. The timing and pace of these purchases should depend on conditions in the markets for such securities and on a broader assessment of private credit market conditions. The Desk is expected to execute purchases of about $175 billion in housing–related agency debt and about $1.25 trillion of agency MBS by the end of the first quarter. The Desk is expected to gradually slow the pace of these purchases as they near completion. The Committee anticipates that outright purchases of securities will cause the size of the Federal Reserve’s balance sheet to expand significantly in coming months. The Committee directs the Desk to engage in dollar roll transactions as necessary to facilitate settlement of the Federal Reserve’s agency MBS transactions to be conducted through the end of the first quarter, as directed above. 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 23, 2010. Dated: March 2, 2010. Federal Deposit Insurance Corporation. Valerie J. Best, Assistant Executive Secretary. Brian F. Madigan, Secretary, Federal Open Market Committee. [FR Doc. 2010–4800 Filed 3–3–10; 4:15 pm] BILLING CODE 6210–01–S [FR Doc. 2010–4690 Filed 3–4–10; 8:45 am] erowe on DSK5CLS3C1PROD with NOTICES BILLING CODE 6714–01–P FEDERAL RESERVE SYSTEM Federal Open Market Committee; Domestic Policy Directive of January 26 and 27, 2010 In accordance with § 271.25 of its rules regarding availability of VerDate Nov<24>2008 14:45 Mar 04, 2010 Jkt 220001 1 Copies of the Minutes of the Federal Open Market Committee at its meeting held on January 26 and 27, 2010, 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. PO 00000 Frm 00064 Fmt 4703 Sfmt 4703 10267 DEPARTMENT OF DEFENSE GENERAL SERVICES ADMINISTRATION NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [OMB Control No. 9000–0032] Federal Acquisition Regulation; Submission for OMB Review; Contractor Use of Interagency Motor Pool Vehicles AGENCIES: Department of Defense (DOD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA). ACTION: Notice of request for public comments regarding a reinstatement to an existing OMB clearance. SUMMARY: Under the provisions of the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35), the Regulatory Secretariat will be submitting to the Office of Management and Budget (OMB) a request to review and approve a reinstatement of a previously approved information collection requirement concerning contractor use of interagency motor pool vehicles. A request for public comments published in the Federal Register at 74 FR 62782, December 1, 2009. No comments were received. Public comments are particularly invited on: Whether this collection of information is necessary for the proper performance of functions of the FAR, 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; and ways in which we can minimize the burden of the collection of information on those who are to respond, through the use of appropriate technological collection techniques or other forms of information technology. DATES: Submit comments on or before April 5, 2010. ADDRESSES: Submit comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden to: FAR Desk Officer, OMB, Room 10102, NEOB, Washington, DC 20503, and a copy to the General Services Administration, Regulatory Secretariat (MVCB), 1800 F Street, NW., Room 4041, Washington, DC 20405. FOR FURTHER INFORMATION CONTACT: Ms. Beverly Cromer, Procurement Analyst, Contract Policy Branch, GSA (202) 501– E:\FR\FM\05MRN1.SGM 05MRN1

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[Federal Register Volume 75, Number 43 (Friday, March 5, 2010)]
[Notices]
[Page 10267]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-4690]


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FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of 
January 26 and 27, 2010

    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 26 and 27, 2010.\1\
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    \1\[thinsp]Copies of the Minutes of the Federal Open Market 
Committee at its meeting held on January 26 and 27, 2010, 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 from 0 to \1/4\ percent. The Committee directs the 
Desk to purchase agency debt and agency MBS during the intermeeting 
period with the aim of providing support to private credit markets and 
economic activity. The timing and pace of these purchases should depend 
on conditions in the markets for such securities and on a broader 
assessment of private credit market conditions. The Desk is expected to 
execute purchases of about $175 billion in housing-related agency debt 
and about $1.25 trillion of agency MBS by the end of the first quarter. 
The Desk is expected to gradually slow the pace of these purchases as 
they near completion. The Committee anticipates that outright purchases 
of securities will cause the size of the Federal Reserve's balance 
sheet to expand significantly in coming months. The Committee directs 
the Desk to engage in dollar roll transactions as necessary to 
facilitate settlement of the Federal Reserve's agency MBS transactions 
to be conducted through the end of the first quarter, as directed 
above. 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 23, 2010.

Brian F. Madigan,
Secretary, Federal Open Market Committee.
[FR Doc. 2010-4690 Filed 3-4-10; 8:45 am]
BILLING CODE 6210-01-S