Circular Letters

Circular letters announce news, policy, and guidance from the Board of Governors. All circulars link to the Federal Reserve Board of Governors


Jan 30, 2019

FOMC Addresses Policy Implementation, Balance Sheet Normalization

The Federal Open Market Committee has provided information about the longer-run implementation of monetary policy and its balance sheet normalization program.

Jan 30, 2019

Federal Open Market Committee Reaffirms Goals, Policy Strategy

The Federal Open Market Committee has reaffirmed its longer-run goals and monetary policy strategy at its annual organizational meeting.

Jan 30, 2019

Federal Reserve Issues FOMC Statement

The Federal Open Market Committee announced its decision to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

Jan 29, 2019

Fed Hosting Public Conference on Stress Testing

The Federal Reserve Board will host a public research conference in July on its stress testing framework. The conference will convene academics, regulators, bankers, and other stakeholders to discuss the transparency and effectiveness of the Board's stress tests.

Jan 10, 2019

Reserve Banks' 2018 Income, Expense Data Announced

The Federal Reserve Board has announced results indicating that the Reserve Banks provided for payments of about $65.4 billion of their estimated 2018 net income to the U.S. Treasury.

Jan 09, 2019

Federal Open Market Committee Minutes Released

The Federal Reserve Board and the Federal Open Market Committee have released the minutes of the Committee meeting held last month. The minutes include a summary of participants' projections on the economic outlook.

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