Federal Open Market Committee; Domestic Policy Directive of December 13, 2011, 2293 [2012-742]

Download as PDF Federal Register / Vol. 77, No. 10 / Tuesday, January 17, 2012 / Notices CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at Dated: January 5, 2012. the offices of the Board of Governors. Cynthia Sonich-Mullin, Interested persons may express their Director, National Risk Management Research views in writing to the Reserve Bank Laboratory. indicated for that notice or to the offices [FR Doc. 2012–716 Filed 1–13–12; 8:45 am] of the Board of Governors. Comments BILLING CODE 6560–50–P must be received not later than January 31, 2012. A. Federal Reserve Bank of Cleveland FEDERAL ELECTION COMMISSION (Nadine Wallman, Vice President) 1455 East Sixth Street, Cleveland, Ohio Sunshine Act Meeting 44101–2566: 1. The FFD Financial Corporation AGENCY: Federal Election Commission. Employee Stock Ownership Plan, DATE AND TIME: Thursday, January 19, (‘‘ESOP’’), and Enos L. Loader, both of 2012 at 10 a.m. Dover, Ohio, Richard A. Brinkman, PLACE: 999 E Street NW., Washington, Strasburg, Ohio, and Leonard L. Gundy, DC (Ninth Floor). New Philadelphia, Ohio, as individuals STATUS: This meeting will be open to the and in their capacities as Trustees of the public. ESOP, Janet K. Loader. Dover, Ohio, and Rebecca J. Brinkman, Strasburg, Ohio, Items To Be Discussed as individuals; to acquire voting shares Correction and Approval of the Minutes of FFD Financial Corporation, and for the Meeting of January 12, 2012. thereby indirectly acquire voting shares Draft Advisory Opinion 2011–25: Atlas of First Federal Community Bank, NA, Air Worldwide Holdings, Inc. both in Dover, Ohio. Draft Advisory Opinion 2011–26: B. Federal Reserve Bank of Chicago Martin Freeman. (Colette A. Fried, Assistant Vice Draft Advisory Opinion 2011–27: New President) 230 South LaSalle Street, Mexico Voices for Children. Chicago, Illinois 60690–1414: Draft Advisory Opinion 2011–28: 1. Edward A. Cox, Jr., individually, Western Representation PAC. and together with John M. Cox, both of Management and Administrative Naples, Florida, as a group acting in Matters. concert; to acquire voting shares of Individuals who plan to attend and Rush-Oak Corporation, and thereby require special assistance, such as sign indirectly acquire voting shares of Oak language interpretation or other Bank, both in Chicago, Illinois. reasonable accommodations, should Board of Governors of the Federal Reserve contact Shawn Woodhead Werth, System, January 11, 2012. Secretary, at (202) 694–1040, at least Robert deV. Frierson, 72 hours prior to the meeting date. Deputy Secretary of the Board. PERSON TO CONTACT FOR INFORMATION: [FR Doc. 2012–646 Filed 1–13–12; 8:45 am] Judith Ingram, Press Officer, Telephone: BILLING CODE 6210–01–P (202) 694–1220. FOR FURTHER INFORMATION CONTACT: Rebecca Foster, U.S. Environmental Protection Agency, P.O. Box 1198, Ada, OK 74821; telephone: (580) 436–8750: facsimile: (580) 436–8529; or email: foster.rebecca@epa.gov. To send Peer Review nomination, see ADDRESSES section above. FEDERAL RESERVE SYSTEM [FR Doc. 2012–881 Filed 1–12–12; 4:15 pm] Federal Open Market Committee; Domestic Policy Directive of December 13, 2011 BILLING CODE 6715–01–P srobinson on DSK4SPTVN1PROD with NOTICES FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 16:12 Jan 13, 2012 ‘‘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 continue the maturity extension program it began in September to purchase, by the end of June 2012, Treasury securities with remaining maturities of approximately 6 years to 30 years with a total face value of $400 billion, and to sell Treasury securities with remaining maturities of 3 years or less with a total face value of $400 billion. The Committee also directs the Desk to maintain its existing policies of rolling over maturing Treasury securities into new issues and of reinvesting principal payments on all agency debt and agency mortgagebacked securities in the System Open Market Account in agency mortgagebacked securities in order to maintain the total face value of domestic securities at approximately $2.6 trillion. The Committee directs the Desk to engage in dollar roll transactions as necessary to facilitate settlement of the Federal Reserve’s agency MBS transactions. 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, January 11, 2012. William B. English, Secretary, Federal Open Market Committee. [FR Doc. 2012–742 Filed 1–13–12; 8:45 am] BILLING CODE 6210–01–P FEDERAL TRADE COMMISSION [File No. 121 0022] Shawn Woodhead Werth, Secretary of the Commission. VerDate Mar<15>2010 2293 Jkt 226001 In accordance with Section 271.7(d) 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 December 13, 2011.1 1 Copies of the Minutes of the Federal Open Market Committee at its meeting held on December PO 00000 Frm 00037 Fmt 4703 Sfmt 4703 AmeriGas Propane, L.P., AmeriGas Propane, Inc., Energy Transfer Partners, L.P., and Energy Transfer Partners GP, L.P.; Analysis of Proposed Agreement Containing Consent Order To Aid Public Comment Federal Trade Commission. Proposed Consent Agreement. AGENCY: ACTION: 13, 2011, which includes the domestic policy directive issued at the meeting, are available on the Board’s Web site, www.federalreserve.gov. The minutes are also published in the Federal Reserve Bulletin and in the Board’s Annual Report. E:\FR\FM\17JAN1.SGM 17JAN1

Agencies

[Federal Register Volume 77, Number 10 (Tuesday, January 17, 2012)]
[Notices]
[Page 2293]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-742]


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FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of 
December 13, 2011

    In accordance with Section 271.7(d) 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 December 13, 2011.\1\
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    \1\ Copies of the Minutes of the Federal Open Market Committee 
at its meeting held on December 13, 2011, which includes the 
domestic policy directive issued at the meeting, are available on 
the Board's Web site, www.federalreserve.gov. The minutes are also 
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 continue the maturity extension program it began in September 
to purchase, by the end of June 2012, Treasury securities with 
remaining maturities of approximately 6 years to 30 years with a total 
face value of $400 billion, and to sell Treasury securities with 
remaining maturities of 3 years or less with a total face value of $400 
billion. The Committee also directs the Desk to maintain its existing 
policies of rolling over maturing Treasury securities into new issues 
and of reinvesting principal payments on all agency debt and agency 
mortgage-backed securities in the System Open Market Account in agency 
mortgage-backed securities in order to maintain the total face value of 
domestic securities at approximately $2.6 trillion. The Committee 
directs the Desk to engage in dollar roll transactions as necessary to 
facilitate settlement of the Federal Reserve's agency MBS transactions. 
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, January 11, 2012.
William B. English,
Secretary, Federal Open Market Committee.
[FR Doc. 2012-742 Filed 1-13-12; 8:45 am]
BILLING CODE 6210-01-P
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