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Authorized for public release by the FOMC Secretariat on 01/11/2019  BOARD  OF  GOVERNORS  OF THE  FEDERAL RESERVE SYSTEM  Division of Monetary Affairs FOMC SECRETARIAT  Date:  April 22, 2013  To:  Federal Open Market Committee  From:  Deborah J. Danker  Subject: Background Memo on Changing the Pace of Asset Purchases  The attached memo, “Changing the Pace of Asset Purchases,” is provided as background for the upcoming FOMC meeting.  Page 1 of 1