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Authorized for public release by the FOMC Secretariat on 1/14/2022

THE FEDERAL RESERVE SYSTEM
Date:

October 14, 2016

To:

Research Directors

From:

Thomas Laubach and Simon Potter

Subject: Long Run Framework Project: Final Supplementary Materials for
November FOMC Meeting
On September 29, we provided you with an overview of supplementary materials
associated with the Long Run Framework (LRF) project that we would be sending to
you in advance of the November FOMC meeting. On September 30, you were sent
six memos from the Interest Rate Targets and Operating Regimes (IROR) and
Balance Sheet workgroups, and we provided three additional memos from the IROR
workgroup on October 7. Today we are providing you with the final supplemental
memo, “Standing Lending Facilities.”
Should you have any questions about these memos, or if you would like to discuss any
of the LRF materials further, please feel free to contact either of us or Julie Remache,
who is the chair of the LRF Operating Committee.

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