Federal Open Market Committee; Domestic Policy Directive of March 15, 2011, 21894 [2011-9364]

Download as PDF mstockstill on DSKH9S0YB1PROD with NOTICES 21894 Federal Register / Vol. 76, No. 75 / Tuesday, April 19, 2011 / Notices requirements on request for waiver of the new eligibility requirement for provider. This requirement aims to allow potential providers to apply for waiver of the new requirement so that these providers may continue to provide VRS on an interim basis until the new certification process becomes effective. Potential VRS providers wishing to receive a temporary waiver shall provide, in writing, a description of the specific requirement(s) for which it is seeking a waiver, along with documentation demonstrating the applicant’s plan and ability to come into compliance with all of these requirements (other than the certification requirement) within a specified period of time, which shall not exceed three months from the date on which the rules become effective. Evidence of the applicant’s plan and ability to come into compliance with the new rules shall include the applicant’s detailed plan for modifying its business structure and operations in order to meet the new requirements, along with submission of the following relevant documentation to support the waiver request: • A copy of each deed or lease for each call center operated by the applicant; • A list of individuals or entities that hold at least a 10 percent ownership share in the applicant’s business and a description of the applicant’s organizational structure, including the names of its executives, officers, partners, and board of directors; • A list of all of the names of applicant’s full-time and part-time employees; • Proofs of purchase or license agreements for use of all equipment and/or technologies, including hardware and software, used by the applicant for its call center functions, including but not limited to, automatic call distribution (ACD) routing, call setup, mapping, call features, billing for compensation from the TRS fund, and registration; • Copies of employment agreements for all of the provider’s executives and CAs; • A list of all financing arrangements pertaining to the provision of Internetbased relay service, including documentation on loans for equipment, inventory, property, promissory notes, and liens; • Copies of all other agreements associated with the provision of Internet-based relay service; and • A list of all sponsorship arrangements (e.g., those providing financial support or in-kind interpreting or personnel service for social activities VerDate Mar<15>2010 16:19 Apr 18, 2011 Jkt 223001 in exchange for brand marketing), including any associated agreements. Federal Communications Commission. Marlene H. Dortch, Secretary, Office of the Secretary, Office of Managing Director. [FR Doc. 2011–9407 Filed 4–18–11; 8:45 am] BILLING CODE 6712–01–P FEDERAL TRADE COMMISSION Department of Justice Antitrust Division Proposed Statement of Antitrust Enforcement Policy Regarding Accountable Care Organizations Participating in the Medicare Shared Savings Program FTC; Antitrust Division, DOJ. Notice with comment period. AGENCY: FEDERAL RESERVE SYSTEM ACTION: Federal Open Market Committee; Domestic Policy Directive of March 15, 2011 SUMMARY: In accordance with Section 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 15, 2011.1 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 execute purchases of longer-term Treasury securities in order to increase the total face value of domestic securities held in the System Open Market Account to approximately $2.6 trillion by the end of June 2011. The Committee also directs the Desk to reinvest principal payments from agency debt and agency mortgagebacked securities in longer-term Treasury securities. 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, April 6, 2011. William B. English, Secretary, Federal Open Market Committee. [FR Doc. 2011–9364 Filed 4–18–11; 8:45 am] BILLING CODE 6210–01–P 1 Copies of the Minutes of the Federal Open Market Committee at its meeting held on March 15, 2011, 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. PO 00000 Frm 00041 Fmt 4703 Sfmt 4703 The FTC and DOJ (the ‘‘Agencies’’) are proposing an enforcement policy regarding the application of the antitrust laws to health care collaborations among otherwise independent providers and provider groups, formed after March 23, 2010, the date on which the Patient Protection and Affordable Care Act was enacted, that seek to participate, or have otherwise been approved to participate, as accountable care organizations (ACOs) under the Medicare Shared Savings Program, Section 3022 of the Affordable Care Act (Patient Protection and Affordable Care Act, Public Law 111–48 (2010) and the Health Care and Education Reconciliation Act of 2010, Public Law 111–52 (2010)). DATES: Public comments must be received on or before May 31, 2011. ADDRESSES: Interested parties are invited to submit written comments electronically or in paper form, by following the instructions in the Request for Comment part of the SUPPLEMENTARY INFORMATION section below. FOR FURTHER INFORMATION CONTACT: Daniel Gilman, (202) 326–3136 (FTC) or Gail Kursh, (202) 307–5799 (DOJ). SUPPLEMENTARY INFORMATION: Proposed Statement of Antitrust Enforcement Policy Regarding Accountable Care Organizations Participating in the Medicare Shared Savings Program I. Introduction The Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 (collectively, the ‘‘Affordable Care Act’’) seek to improve the quality and reduce the costs of health care services in the United States by, among other things, encouraging physicians, hospitals, and other health care providers to become accountable for a patient population through integrated health care delivery systems.1 One delivery system reform is 1 Patient Protection and Affordable Care Act, Public Law 111–48 (2010); the Health Care and E:\FR\FM\19APN1.SGM 19APN1

Agencies

[Federal Register Volume 76, Number 75 (Tuesday, April 19, 2011)]
[Notices]
[Page 21894]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-9364]


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FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of March 
15, 2011

    In accordance with Section 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 15, 2011.\1\
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    \1\ Copies of the Minutes of the Federal Open Market Committee 
at its meeting held on March 15, 2011, 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 
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 execute purchases of longer-term Treasury securities in order 
to increase the total face value of domestic securities held in the 
System Open Market Account to approximately $2.6 trillion by the end of 
June 2011. The Committee also directs the Desk to reinvest principal 
payments from agency debt and agency mortgage-backed securities in 
longer-term Treasury securities. 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, April 6, 2011.
William B. English,
Secretary, Federal Open Market Committee.
[FR Doc. 2011-9364 Filed 4-18-11; 8:45 am]
BILLING CODE 6210-01-P