[Federal Register Volume 75, Number 205 (Monday, October 25, 2010)]
[Notices]
[Page 65484]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-26862]


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FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of 
September 21, 2010

    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 September 21, 2010.\1\
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    \1\ Copies of the Minutes of the Federal Open Market Committee 
at its meeting held on September 21, 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, DC 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 [frac14] percent. The Committee directs 
the Desk to maintain the total face value of domestic securities held 
in the System Open Market Account at approximately $2 trillion by 
reinvesting 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, October 13, 2010.
William B. English,
Secretary, Federal Open Market Committee.
[FR Doc. 2010-26862 Filed 10-22-10; 8:45 am]
BILLING CODE 6210-01-P