Notices. FEDERAL RESERVE SYSTEM
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/register/2001/12/26/01-31606·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 6718-04-P FEDERAL RESERVE SYSTEM Federal Open Market Committee; Domestic Policy Directive of November 6, 2001 In accordance with § 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 November 6, 2001. 1 1 Copies of the Minutes of the Federal Open Market Committee meeting on November 6, 2001, 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. 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 2 percent. By order of the Federal Open Market Committee, December 17, 2001.
Donald L. Kohn, Secretary, Federal Open Market Committee. [FR Doc. 01-31606 Filed 12-21-01; 8:45 am]
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