[Federal Register: December 18, 2003 (Volume 68, Number 243)]
[Notices]
[Page 70506-70507]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr18de03-49]

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FEDERAL RESERVE SYSTEM


Federal Open Market Committee; Domestic Policy Directive of
October 28, 2003

    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 70507]]

Market Committee at its meeting held on October 28, 2003.\1\
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    \1\ Copies of the Minutes of the Federal Open Market Committee
meeting on October 28, 2003, 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.
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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 consistent
with maintaining the federal funds rate at an average of around 1
percent.
    By order of the Federal Open Market Committee, December 12, 2003.

Vincent R. Reinhart,
Secretary, Federal Open Market Committee.
[FR Doc. E3-00588 Field 12-17-03; 8:45 am]
BILLING CODE 6210-01-S