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Meeting of the Federal Open Market CommitteeJanuary 30-31, 2001
A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., beginning on Tuesday,January 30, 2001, at 9:00 a.m. and continuing on Wednesday, January 31, 2001, at 9:00 a.m.Present:
 
Mr. Greenspan, ChairmanMr. McDonough, Vice ChairmanMr. FergusonMr. GramlichMr. HoenigMr. KelleyMr. MeyerMs. MinehanMr. MoskowMr. PooleMessrs. Jordan, McTeer, Santomero, and Stern, Alternate Members of theFederal Open Market CommitteeMessrs. Broaddus, Guynn, and Parry, Presidents of the Federal ReserveBanks of Richmond, Atlanta, and San Francisco respectivelyMr. Kohn, Secretary and EconomistMr. Bernard, Deputy SecretaryMs. Fox, Assistant SecretaryMr. Gillum, Assistant SecretaryMr. Mattingly, General CounselMr. Baxter, Deputy General CounselMs. Johnson, EconomistMr. Stockton, EconomistMs. Cumming, Messrs. Fuhrer, Hakkio, Howard, Hunter, Lindsey, Rasche,Reinhart, and Slifman, Associate EconomistsMr. Fisher, Manager, System Open Market AccountMr. Winn,
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Assistant to the Board, Office of Board Members, Board of Governors_______________________1/ Attended Tuesday’s session only.
 
 2Ms. Johnson,
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Secretary, Office of the Secretary, Board of GovernorsMr. Simpson, Senior Adviser, Division of Research and Statistics, Board of GovernorsMr. Madigan, Associate Director, Division of Monetary Affairs, Board of GovernorsMessrs. Oliner, Struckmeyer, and Whitesell, Assistant Directors, Divisionsof Research and Statistics, Research and Statistics, and MonetaryAffairs respectively, Board of GovernorsMessrs. Morton,
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Rosine,
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and Sack,
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Senior Economists, Divisions of International Finance, Research and Statistics, and Monetary Affairsrespectively, Board of GovernorsMr. Reifschneider,
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Section Chief, Division of Research and Statistics,Board of GovernorsMs. Garrett,
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Economist, Division of Monetary Affairs, Board of GovernorsMs. Low, Open Market Secretariat Assistant, Division of Monetary Affairs,Board of GovernorsMr. Lang, Executive Vice President, Federal Reserve Bank of PhiladelphiaMessrs. Beebe, Eisenbeis, Goodfriend, and Kos, Ms. Krieger, Messrs.Rosenblum and Sniderman, Senior Vice Presidents, Federal ReserveBanks of San Francisco, Atlanta, Richmond, New York, New York,Dallas, and Cleveland respectivelyMr. Weber, Vice President, Federal Reserve Bank of Minneapolis____________________1/ Attended Tuesday’s session only.2 / Attended portion of meeting relating to a staff study of the Federal Reserve asset portfolio.3 / Attended Wednesday session only.
 
Transcript of Federal Open Market Committee Meeting of January 30-31, 2001January 30, 2001 SessionCHAIRMAN GREENSPAN. Would somebody like to move the minutes for the December 19, 2000 and the January 3, 2001 meetings?MS. MINEHAN. So move.VICE CHAIRMAN MCDONOUGH. So move.CHAIRMAN GREENSPAN. Without objection, they are approved.As you may recall, at our January 3
rd
telephone conference we accomplishedsome of the routine business that ordinarily is taken up at this meeting. As a consequencewe need only complete a few other matters that are typically on the agenda at our initialmeeting of the year. First is the election of staff officers to serve until the election of their successors at the first meeting of the Committee after December 31, 2001, and I ask the Secretary to read the names.MR. BERNARD. The proposed slate of officers is:Secretary and Economist: Donald KohnDeputy Secretary: Normand BernardAssistant Secretaries: Lynn Fox and Gary GillumGeneral Counsel: Virgil MattinglyDeputy General Counsel: Thomas Baxter Economists: Karen Johnson and David StocktonAssociate Economistsfrom the Board: David HowardDavid LindseyVincent ReinhartLawrence Slifman
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