[Federal Register Volume 73, Number 173 (Friday, September 5, 2008)]
[Notices]
[Pages 51819-51820]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-20558]


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FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of 
August 5, 2008

    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 Market Committee at its 
meeting held on August 5, 2008.\1\
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    \1\[thinsp]Copies of the Minutes of the Federal Open Market 
Committee meeting on August 5, 2008, 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, 
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

[[Page 51820]]

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 2 percent.
    By order of the Federal Open Market Committee, August 26, 2008.

Brian F. Madigan,
Secretary, Federal Open Market Committee.
[FR Doc. E8-20558 Field 9-4-08; 8:45 am]
BILLING CODE 6210-01-S