Federal Open Market Committee; Domestic Policy Directive of August 9, 2011, 55677 [2011-22896]
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Federal Register / Vol. 76, No. 174 / Thursday, September 8, 2011 / Notices
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[FR Doc. 2011–23009 Filed 9–7–11; 8:45 am]
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[FR Doc. 2011–23144 Filed 9–6–11; 4:15 pm]
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55677
GENERAL SERVICES
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[Notice-CPO–2011–01; Docket 2011–0006;
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SUPPLEMENTARY INFORMATION: Section
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Susan F. Brita, Deputy
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Gail T. Lovelace, Assistant
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Anthony E. Costa, Chief People
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David E. Foley, Deputy
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Sonny Hashmi, Deputy Chief
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Linda Chero, Regional Administrator
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Mary A. Ruwwe, Regional
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SUMMARY:
FEDERAL RESERVE SYSTEM
Federal Open Market Committee;
Domestic Policy Directive of August 9,
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 August 9, 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 also directs the Desk to
maintain its existing policy of
reinvesting principal payments on all
domestic securities in the System Open
Market Account in Treasury securities
in order to maintain the total face value
of domestic securities at approximately
$2.6 trillion. 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, August 31, 2011.
William B. English,
Secretary, Federal Open Market Committee.
[FR Doc. 2011–22896 Filed 9–7–11; 8:45 am]
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1 Copies of the Minutes of the Federal Open
Market Committee at its meeting held on August 9,
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.
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Dated: August 30, 2011.
Martha Johnson,
Administrator.
[FR Doc. 2011–22935 Filed 9–7–11; 8:45 am]
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Agencies
[Federal Register Volume 76, Number 174 (Thursday, September 8, 2011)]
[Notices]
[Page 55677]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-22896]
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FEDERAL RESERVE SYSTEM
Federal Open Market Committee; Domestic Policy Directive of
August 9, 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 August 9, 2011.\1\
---------------------------------------------------------------------------
\1\ Copies of the Minutes of the Federal Open Market Committee
at its meeting held on August 9, 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 also directs
the Desk to maintain its existing policy of reinvesting principal
payments on all domestic securities in the System Open Market Account
in Treasury securities in order to maintain the total face value of
domestic securities at approximately $2.6 trillion. 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, August 31, 2011.
William B. English,
Secretary, Federal Open Market Committee.
[FR Doc. 2011-22896 Filed 9-7-11; 8:45 am]
BILLING CODE 6210-01-P