[Federal Register Volume 66, Number 108 (Tuesday, June 5, 2001)]
[Notices]
[Page 30193]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-14055]


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FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of April 
18, 2001.

    In accordance with Sec. 271.5 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 
telephone conference meeting held on April 18, 2001.\1\
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    \1\ Copies of the Minutes of the Federal Open Market Committee 
telephone conference meeting of April 18, 2001, which include the 
domestic policy directive issued at that telephone conference 
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 reducing the federal funds rate to an average of around 4-1/2 
percent.
    By order of the Federal Open Market Committee, May 23, 2001.

Donald L. Kohn,
Secretary, Federal Open Market Committee.
[FR Doc. 01-14055 Filed 6-4-01; 8:45 am]
BILLING CODE 6210-01-S