[Federal Register Volume 65, Number 106 (Thursday, June 1, 2000)]
[Notices]
[Page 35093]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-13644]


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FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of March 
21, 2000

    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 March 21, 2000. \1\
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    \1\ Copies of the Minutes of the Federal Open Market Committee 
meeting of March 21, 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.
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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 in 
the immediate future seeks conditions in reserve markets consistent 
with increasing the federal funds rate to an average of around 6 
percent.

    By order of the Federal Open Market Committee, May 24, 2000.
Donald L. Kohn,
Secretary, Federal Open Market Committee.
[FR Doc. 00-13644 Filed 5-31-00; 8:45 am]
BILLING CODE 6210-01-P