[Federal Register Volume 73, Number 230 (Friday, November 28, 2008)]
[Notices]
[Pages 72482-72483]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-28326]


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FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of the 
Conference Calls Held on September 29, 2008, and October 7, 2008, and 
its Meeting Held on October 28 and 29, 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 of the 
conference calls held on September 29, 2008, and October 7, 2008, and 
its meeting held on October 28 and 29, 2008.\1\
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    \1\[thinsp]Copies of the Minutes of the Federal Open Market 
Committee conference calls held on September 29, 2008, and October 
7, 2008, and its meeting held on October 28 and 29, 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 promote sustainable 
growth in output. To further its long-run objectives, the Committee in 
the immediate future seeks conditions in reserve markets

[[Page 72483]]

consistent with reducing the federal funds rate at an average of around 
1 percent.
    By order of the Federal Open Market Committee, November 20, 2008.

Brian F. Madigan,
Secretary, Federal Open Market Committee.
[FR Doc. E8-28326 Field 11-26-08; 8:45 am]
BILLING CODE 6210-01-S