Federal Open Market Committee; Domestic Policy Directive of December 17-18, 2013, 3591 [2014-00846]

Download as PDF Federal Register / Vol. 79, No. 14 / Wednesday, January 22, 2014 / Notices On behalf of the Commission. Dated: January 15, 2014. Lee E. Goodman, Chairman, Federal Election Commission. By order of the Federal Open Market Committee. January 9, 2014. William B. English, Secretary, Federal Open Market Committee. [FR Doc. 2014–00846 Filed 1–21–14; 8:45 am] [FR Doc. 2014–01094 Filed 1–21–14; 8:45 am] BILLING CODE 6210–01–P BILLING CODE 6715–01–P DEPARTMENT OF DEFENSE FEDERAL RESERVE SYSTEM emcdonald on DSK67QTVN1PROD with NOTICES Federal Open Market Committee; Domestic Policy Directive of December 17–18, 2013 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 December 17–18, 2013.1 Consistent with its statutory mandate, the Federal Open Market Committee seeks monetary and financial conditions that will foster maximum employment and price stability. In particular, 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 undertake open market operations as necessary to maintain such conditions. Beginning in January, the Desk is directed to purchase longer-term Treasury securities at a pace of about $40 billion per month and to purchase agency mortgage-backed securities at a pace of about $35 billion per month. The Committee also directs the Desk to engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve’s agency mortgage-backed securities transactions. The Committee directs the Desk to maintain its policy of rolling over maturing Treasury securities into new issues and its policy of reinvesting principal payments on all agency debt and agency mortgage-backed securities in agency mortgage-backed 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. 1 Copies of the Minutes of the Federal Open Market Committee at its meeting held on December 17–18, 2013, 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. VerDate Mar<15>2010 16:00 Jan 21, 2014 Jkt 232001 GENERAL SERVICES ADMINISTRATION NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [OMB Control No. 9000–0090: Docket No. 2012–0076; Sequence No. 71] Federal Acquisition Regulation; Submission for OMB Review; Rights in Data and Copyrights Department of Defense (DOD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA). ACTION: Notice of request for public comments regarding an extension to an existing OMB clearance. AGENCIES: Under the provisions of the Paperwork Reduction Act, the Regulatory Secretariat will be submitting to the Office of Management and Budget (OMB) a request to review and approve an extension of a previously approved information collection requirement concerning rights in data and copyrights. A notice was published in the Federal Register at 78 FR 45196 on July 26, 2013. No comments were received. DATES: Submit comments on or before February 21, 2014. ADDRESSES: Submit comments identified by Information Collection 9000–0090, Rights in Data and Copyrights, by any of the following methods: • Regulations.gov: http:// www.regulations.gov. Submit comments via the Federal eRulemaking portal by searching the OMB control number. Select the link ‘‘Submit a Comment’’ that corresponds with ‘‘Information Collection 9000–0090, Rights in Data and Copyrights’’. Follow the instructions provided at the ‘‘Submit a Comment’’ screen. Please include your name, company name (if any), and ‘‘Information Collection 9000–0090, Rights in Data and Copyrights’’ on your attached document. • Fax: 202–501–4067. • Mail: General Services Administration, Regulatory Secretariat (MVCB), 1800 F Street NW., 2nd Floor, Washington, DC 20405–0001. ATTN: SUMMARY: PO 00000 Frm 00029 Fmt 4703 Sfmt 4703 3591 Hada Flowers/IC 9000–0090, Rights in Data and Copyrights. Instructions: Please submit comments only and cite Information Collection 9000–0090, Rights in Data and Copyrights, in all correspondence related to this collection. All comments received will be posted without change to http://www.regulations.gov, including any personal and/or business confidential information provided. FOR FURTHER INFORMATION CONTACT: Ms. Marissa Petrusek, Procurement Analyst, at 202–501–0136. For information pertaining to status or publication schedules, contact the Regulatory Secretariat at 202–501–4755. SUPPLEMENTARY INFORMATION: A. Purpose Subpart 27.4, Rights in Data and Copyrights is a regulation which concerns the rights of the Government and contractors with whom the Government contracts, regarding the use, reproduction, and disclosure of information developed under such contracts. The delineation of such rights is necessary in order to protect the contractor’s rights to not disclose proprietary data and to ensure that data developed with public funds is available to the public. The specific clauses associated with this information collection are as follows: (1) FAR 52.227–15, Representation of Limited Rights Data and Restricted Computer Software. This clauses is included in solicitations if the contracting officer requires an offeror to state whether limited rights data or restricted computer software are likely to be used in meeting the requirements. FAR 52.227–15 requires the contractor to identify whether data proposed for fulfilling the requirements is limited to data rights or restricted software. If the government does not receive unlimited rights, the contractor must provide a list of the data not covered. This information is submitted with a contractor’s proposal to the Government. The Government uses the information to identify when there are only limited data rights or restricted software rights. (2) FAR 52.227–16, Additional Data Requirements. This clause is included in all contracts for experimental, developmental, research, or demonstration work (other than basic or applied research to be performed solely by a university or college where the contract amount will be $500,000 or less). The clause requires that the contractor keep all data first produced in the performance of the contract for a period of three years from the final E:\FR\FM\22JAN1.SGM 22JAN1

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[Federal Register Volume 79, Number 14 (Wednesday, January 22, 2014)]
[Notices]
[Page 3591]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-00846]


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FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of 
December 17-18, 2013

    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 December 17-18, 2013.\1\
---------------------------------------------------------------------------

    \1\ Copies of the Minutes of the Federal Open Market Committee 
at its meeting held on December 17-18, 2013, 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.
---------------------------------------------------------------------------

    Consistent with its statutory mandate, the Federal Open Market 
Committee seeks monetary and financial conditions that will foster 
maximum employment and price stability. In particular, 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 undertake open market operations as necessary to maintain such 
conditions. Beginning in January, the Desk is directed to purchase 
longer-term Treasury securities at a pace of about $40 billion per 
month and to purchase agency mortgage-backed securities at a pace of 
about $35 billion per month. The Committee also directs the Desk to 
engage in dollar roll and coupon swap transactions as necessary to 
facilitate settlement of the Federal Reserve's agency mortgage-backed 
securities transactions. The Committee directs the Desk to maintain its 
policy of rolling over maturing Treasury securities into new issues and 
its policy of reinvesting principal payments on all agency debt and 
agency mortgage-backed securities in agency mortgage-backed 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. January 9, 2014.
William B. English,
Secretary, Federal Open Market Committee.
[FR Doc. 2014-00846 Filed 1-21-14; 8:45 am]
BILLING CODE 6210-01-P