[Federal Register Volume 67, Number 192 (Thursday, October 3, 2002)]
[Notices]
[Pages 62056-62057]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-25142]


-----------------------------------------------------------------------

FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of 
August 13, 2002

    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

[[Page 62057]]

Market Committee at its meeting held on August 13, 2002.\1\
---------------------------------------------------------------------------

    \1\ Copies of the Minutes of the Federal Open Market Committee 
meeting on August 13, 2002, 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.
---------------------------------------------------------------------------

    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 maintaining the federal funds rate at an average of around 1\3/4\ 
percent.
    By order of the Federal Open Market Committee, September 27, 2002.

Vincent R. Reinhart,
Secretary, Federal Open Market Committee.
[FR Doc. 02-25142 Filed 10-02-02; 8:45 am]
BILLING CODE 6210-01-S