Federal Register: October 19, 2000 (Volume 65, Number 203)
DOCID: FR Doc 00-26849
FEDERAL RESERVE SYSTEM
Federal Reserve System
NOTICE: NOTICES
ACTION: Federal Open Market Committee:
SUBJECT CATEGORY:
Federal Open Market Committee; Domestic Policy Directive of August 22, 2000
DOCUMENT SUMMARY:
In accordance with Sec. 71.5 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 22, 2000.\1\
\1\ Copies of the Minutes of the Federal Open Market Committee
meeting of August 22, 2000, which include the domestic policy
directive issued at that 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.
The Federal Open Market Committee seeks monetary and financial conditions that will foster price stability and promote sustainable growth in output. To further its longrun objectives, the Committee in the immediate future seeks conditions in reserve markets consistent with maintaining the federal funds rate at an average of around 6\1/2\ percent.
By order of the Federal Open Market Committee, October 12, 2000. Donald L. Kohn,
Secretary, Federal Open Market Committee.
[FR Doc. 0026849 Filed 101800; 8:45 am]
BILLING CODE 621001P
SUMMARY:
Domestic policy directices,
DOCUMENT BODY 2:
In accordance with Sec. 71.5 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 22, 2000.\1\
\1\ Copies of the Minutes of the Federal Open Market Committee
meeting of August 22, 2000, which include the domestic policy
directive issued at that 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.
The Federal Open Market Committee seeks monetary and financial conditions that will foster price stability and promote sustainable growth in output. To further its longrun objectives, the Committee in the immediate future seeks conditions in reserve markets consistent with maintaining the federal funds rate at an average of around 6\1/2\ percent.
By order of the Federal Open Market Committee, October 12, 2000. Donald L. Kohn,
Secretary, Federal Open Market Committee.
[FR Doc. 0026849 Filed 101800; 8:45 am]
BILLING CODE 621001P