[Federal Register Volume 75, Number 139 (Wednesday, July 21, 2010)]
[Notices]
[Pages 42444-42445]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-17849]
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FEDERAL RESERVE SYSTEM
Federal Open Market Committee; Domestic Policy Directive of June
22 and 23, 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 June 22 and 23, 2010.\1\
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\1\ Copies of the Minutes of the Federal Open Market Committee
at its meeting held on June 22 and 23, 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.
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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 engage in dollar roll and coupon
[[Page 42445]]
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, July 14, 2010.
Brian F. Madigan,
Secretary, Federal Open Market Committee.
[FR Doc. 2010-17849 Filed 7-21-10; 8:45 am]
BILLING CODE 6210-01-S