[Federal Register: March 30, 2004 (Volume 69, Number 61)] [Notices] [Page 16541] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr30mr04-63] [[Page 16541]] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Federal Open Market Committee; Domestic Policy Directive of January 27-28, 2004 In accordance with Sec. [thinsp]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 January 27-28, 2004.\1\ --------------------------------------------------------------------------- \1\[thinsp]Copies of the Minutes of the Federal Open Market Committee meeting on January 27-28, 2004, 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 maintaining the federal funds rate at an average of around 1 percent. By order of the Federal Open Market Committee, March 23, 2004. Vincent R. Reinhart, Secretary, Federal Open Market Committee. [FR Doc. 04-6992 Field 3-29-04; 8:45 am] BILLING CODE 6210-01-S