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Minutes of the Federal Open Market Committee, January 26-27
By unanimous vote, the Authorization for Domestic Open Market Operations was approved with a nonsubstantive amendment that changed terminology used in paragraph 4.B.ii, related to the provision of intraday credit to Foreign Accounts in exchange for securities. The Guidelines for the Conduct of System Open Market Operations in Federal-Agency Issues remained suspended. 1. The Federal Open Market Committee (the "Committee") authorizes and directs the Federal Reserve Bank selected by the Committee to execute open market transactions (the "Selected Bank"), to the extent necessary to carry out the most recent domestic ... (full story)