Full text of Federal Open Market Committee Meeting Minutes, Transcripts, and Other Documents : Meeting, September 12-13, 2012 : Cover Memo: Background Memo on Flow-Based Balance Sheet Policies

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Authorized for public release by the FOMC Secretariat on 02/09/2018

BOARD

OF

GOVERNORS

OF THE

FEDERAL RESERVE SYSTEM

Division of Monetary Affairs
FOMC SECRETARIAT

Date:

August 28, 2012

To:

Federal Open Market Committee

From:

Deborah J. Danker

Subject: Background Memo on Flow-Based Balance Sheet Policies

We are distributing the attached memo, “Flow-Based Balance Sheet
Policies: Communication Issues and Macroeconomic Effects,” as background
for the upcoming FOMC meeting.

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