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aria-labelledby="monetaryMenu" role="menu" class="dropdown-menu sub-nav-group navmenu-nav">377 <li>378 <div class="row">379 <ul class="col-sm-6 list-unstyled">380 <li class="nav__header">381 <p>382 <strong>Federal Open Market Committee</strong>383 </p>384 </li>385386 <li>387 <a class="sr-only-focusable" href="/monetarypolicy/fomc.htm">About the FOMC</a>388 </li>389390 <li>391 <a class="sr-only-focusable" href="/monetarypolicy/fomccalendars.htm">Meeting calendars and information</a>392 </li>393394 <li>395 <a class="sr-only-focusable" href="/monetarypolicy/fomc_historical.htm">Transcripts and other historical materials</a>396 </li>397398 <li>399 <a class="sr-only-focusable" href="/monetarypolicy/fomc_projectionsfaqs.htm">FAQs</a>400 </li>401402 <li class="nav__header">403 <p>404 <strong>Monetary Policy Principles and Practice</strong>405 </p>406 </li>407408 <li>409 <a class="sr-only-focusable" href="/monetarypolicy/monetary-policy-principles-and-practice.htm">Notes</a>410 </li>411 </ul>412 <ul class="col-sm-6 list-unstyled">413 <li class="nav__header">414 <p>415 <strong>Policy Implementation</strong>416 </p>417 </li>418419 <li>420 <a class="sr-only-focusable" href="/monetarypolicy/policy-normalization.htm">Policy Normalization</a>421 </li>422423 <li>424 <a class="sr-only-focusable" href="/monetarypolicy/policytools.htm">Policy Tools</a>425 </li>426427 <li class="nav__header">428 <p>429 <strong>Reports</strong>430 </p>431 </li>432433 <li>434 <a class="sr-only-focusable" href="/monetarypolicy/publications/mpr_default.htm">Monetary Policy Report</a>435 </li>436437 <li>438 <a class="sr-only-focusable" href="/monetarypolicy/publications/beige-book-default.htm">Beige Book</a>439 </li>440441 <li>442 <a class="sr-only-focusable" href="/monetarypolicy/publications/balance-sheet-developments-report.htm">Federal Reserve Balance Sheet Developments</a>443 </li>444445 <li class="nav__header">446 <p>447 <strong>Review of Monetary Policy Strategy, Tools, and Communications</strong>448 </p>449 </li>450451 <li>452 <a class="sr-only-focusable" href="/monetarypolicy/review-of-monetary-policy-strategy-tools-and-communications-2025.htm">Overview</a>453 </li>454 </ul>455 </div>456 </li>457 </ul>458 </li>459460 <li role="menuitem" class="dropdown nav-supervision dropdown--fw">461 <a href="/supervisionreg.htm" class="sr-only-focusable" id="supervisionMenu"462 aria-haspopup="true">Supervision<br />& Regulation</a>463 <ul aria-labelledby="supervisionMenu" role="menu" class="dropdown-menu sub-nav-group navmenu-nav">464 <li>465 <div class="row">466 <ul class="col-sm-3 col-nav list-unstyled">467 <li class="nav__header">468 <p>469 <strong>Supervision</strong>470 </p>471 </li>472473 <li>474 <a class="sr-only-focusable" href="/supervisionreg/community-banks.htm">475 Community Banks</a>476 </li>477 <li>478 <a class="sr-only-focusable" href="/supervisionreg/regional-and-small-foreign-banks.htm">479 Regional Banks and Foreign Banks with U.S. Assets < $100 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Regulation Report</a>516 </li>517 </ul>518 <ul class="col-sm-3 list-unstyled col-nav">519 <li class="nav__header">520 <p>521 <strong>Reporting Forms</strong>522 </p>523 </li>524 <li>525 <a class="sr-only-focusable" href="/apps/reportingforms/recentupdates">Recent Reporting Form Updates</a>526 </li>527528 <li>529 <a class="sr-only-focusable" href="/apps/reportingforms/home/review">Information Collections530 Under Review</a>531 </li>532533 <li>534 <a class="sr-only-focusable" href='/apps/ReportingForms/?reportTypesIdsJson=["1"]'>Financial535 Statements</a>536 </li>537 <li>538 <a class="sr-only-focusable" href='/apps/ReportingForms/?reportTypesIdsJson=["7"]'>Securities Exchange Act of 1934</a>539 </li>540541 <li>542 <a class="sr-only-focusable"543 href='/apps/ReportingForms/?reportTypesIdsJson=["2"]'>Applications/Structure Change</a>544 </li>545546 <li>547 <a class="sr-only-focusable" href='/apps/ReportingForms/?reportTypesIdsJson=["3"]'>FFIEC</a>548 </li>549550 <li>551 <a 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Information</a>594 </li>595596 <li>597 <a class="sr-only-focusable" href="/supervisionreg/board-and-reserve-bank-actions.htm">Board and Reserve598 Bank Actions</a>599 </li>600601 602 603 604 605 </ul>606607 <ul class="col-sm-3 list-unstyled col-nav">608609<li class="nav__header">610 <p>611 <strong>Supervision and Regulation Letters</strong>612 </p>613 </li>614615 <li>616 <a class="sr-only-focusable" href="/supervisionreg/srletters/srletters.htm">By Year</a>617 </li>618619 <li>620 <a class="sr-only-focusable" href="/supervisionreg/topics/topics.htm">By Topic</a>621 </li>622623624 <li class="nav__header">625 <p>626 <strong>Regulatory and Policy Resources</strong>627 </p>628 </li>629630 <li>631 <a class="sr-only-focusable" href="/aboutthefed/fract.htm">Federal Reserve Act</a>632 </li>633634 <li>635 <a class="sr-only-focusable" href="/frrs/regulations/bank-holding-company-act-of-1956.htm">Bank Holding Company Act</a>636 </li>637 <li>638 <a class="sr-only-focusable" 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href="/newsevents/pressreleases/monetary20190130a.htm">Statement</a></p>1379 <p><a href="/newsevents/pressreleases/monetary20190130b.htm">Statement on Longer-Run Goals and Monetary Policy Strategy</a></p>1380 <p><a href="/newsevents/pressreleases/monetary20190130c.htm">Statement Regarding Monetary Policy Implementation and Balance Sheet Normalization</a></p>1381 <p><a href="/monetarypolicy/fomcpresconf20190130.htm">Press Conference</a></p>1382 </div>1383 <div class="col-xs-12 col-md-6">1384 <p><a href="/monetarypolicy/2019-fomc-memos.htm">2019 Memos <em></em></a></p>1385 1386 <p>1387 Minutes (Released February 20, 2019):<br>1388 <a href="/monetarypolicy/fomcminutes20190130.htm">HTML</a> | <a href="/monetarypolicy/files/fomcminutes20190130.pdf">PDF</a>1389 </p>1390 1391 1392 1393 <p>1394 <a href="/monetarypolicy/files/FOMC20190130meeting.pdf">Transcript (1.83 MB PDF)</a><br>1395 <a href="/monetarypolicy/files/FOMC20190130material.pdf">Presentation materials (4.04 MB PDF)</a><br>1396 1397 <br><br><a href="/monetarypolicy/files/FOMC20190130accessible.zip">Accessible version (ZIP)</a>1398 </p>1399 </div>1400 </div>1401 </div>1402 14031404140514061407 <div class="panel panel-default panel-padded">1408 <h5 class="panel-heading panel-heading--shaded">March 19-20 Meeting - 2019</h5>1409 <div class="row divided-row">1410 <div class="col-xs-12 col-md-6">1411 1412 <p>Beige Book: <a href="/monetarypolicy/files/BeigeBook_20190306.pdf">PDF</a> | <a href="/monetarypolicy/beigebook201903.htm">HTML</a></p>1413 <p><a href="/monetarypolicy/files/FOMC20190320tealbooka20190308.pdf">Tealbook A (6.1 MB PDF)</a></p>1414 <p><a href="/monetarypolicy/files/FOMC20190320tealbookb20190314.pdf">Tealbook B (3.12 MB PDF)</a></p>1415 1416 <p><a href="/monetarypolicy/files/FOMC20190320Agenda.pdf">Agenda (711 KB PDF)</a></p>1417 <p><a href="/newsevents/pressreleases/monetary20190320a.htm">Statement</a></p>1418 1419 <p><a href="/newsevents/pressreleases/monetary20190320c.htm">Balance Sheet Normalization Principles and Plans</a></p>1420 <p><a href="/monetarypolicy/fomcpresconf20190320.htm">Press Conference</a></p>1421 </div>1422 <div class="col-xs-12 col-md-6">1423 <p><a href="/monetarypolicy/2019-fomc-memos.htm">2019 Memos <em></em></a></p>1424 1425 <p>1426 Minutes (Released April 10, 2019):<br>1427 <a href="/monetarypolicy/fomcminutes20190320.htm">HTML</a> | <a href="/monetarypolicy/files/fomcminutes20190320.pdf">PDF</a>1428 </p>1429 1430 1431 <p>1432 <a href="/monetarypolicy/files/FOMC20190320SEPcompilation.pdf">SEP: Individual Projections (1.75 MB PDF)</a><br>1433 1434 </p>1435 <p><a href="/monetarypolicy/files/FOMC20190320SEPkey.pdf">SEP Participant Key</a></p>1436 <p>1437 <a href="/monetarypolicy/files/FOMC20190320meeting.pdf">Transcript (3.7 MB PDF)</a><br>1438 <a href="/monetarypolicy/files/FOMC20190320material.pdf">Presentation materials (7.08 MB PDF)</a><br>1439 1440 <br><br><a href="/monetarypolicy/files/FOMC20190320accessible.zip">Accessible version (ZIP)</a>1441 </p>1442 </div>1443 </div>1444 </div>1445 14461447144814491450 <div class="panel panel-default panel-padded">1451 <h5 class="panel-heading panel-heading--shaded">April/May 30-1 Meeting - 2019</h5>1452 <div class="row divided-row">1453 <div class="col-xs-12 col-md-6">1454 1455 <p>Beige Book: <a href="/monetarypolicy/files/BeigeBook_20190417.pdf">PDF</a> | <a href="/monetarypolicy/beigebook201904.htm">HTML</a></p>1456 <p><a href="/monetarypolicy/files/FOMC20190501tealbooka20190419.pdf">Tealbook A (6.81 MB PDF)</a></p>1457 <p><a href="/monetarypolicy/files/FOMC20190501tealbookb20190425.pdf">Tealbook B (3.88 MB PDF)</a></p>1458 1459 <p><a href="/monetarypolicy/files/FOMC20190501Agenda.pdf">Agenda (706 KB PDF)</a></p>1460 <p><a href="/newsevents/pressreleases/monetary20190501a.htm">Statement</a></p>1461 1462 1463 <p><a href="/monetarypolicy/fomcpresconf20190501.htm">Press Conference</a></p>1464 </div>1465 <div class="col-xs-12 col-md-6">1466 <p><a href="/monetarypolicy/2019-fomc-memos.htm">2019 Memos <em></em></a></p>1467 1468 <p>1469 Minutes (Released May 22, 2019):<br>1470 <a href="/monetarypolicy/fomcminutes20190501.htm">HTML</a> | <a href="/monetarypolicy/files/fomcminutes20190501.pdf">PDF</a>1471 </p>1472 1473 1474 1475 <p>1476 <a href="/monetarypolicy/files/FOMC20190501meeting.pdf">Transcript (1.77 MB PDF)</a><br>1477 <a href="/monetarypolicy/files/FOMC20190501material.pdf">Presentation materials (2.38 MB PDF)</a><br>1478 1479 <br><br><a href="/monetarypolicy/files/FOMC20190501accessible.zip">Accessible version (ZIP)</a>1480 </p>1481 </div>1482 </div>1483 </div>1484 14851486148714881489 <div class="panel panel-default panel-padded">1490 <h5 class="panel-heading panel-heading--shaded">June 18-19 Meeting - 2019</h5>1491 <div class="row divided-row">1492 <div class="col-xs-12 col-md-6">1493 1494 <p>Beige Book: <a href="/monetarypolicy/files/BeigeBook_20190605.pdf">PDF</a> | <a href="/monetarypolicy/beigebook201906.htm">HTML</a></p>1495 <p><a href="/monetarypolicy/files/FOMC20190619tealbooka20190607.pdf">Tealbook A (7.45 MB PDF)</a></p>1496 <p><a href="/monetarypolicy/files/FOMC20190619tealbookb20190613.pdf">Tealbook B (3.4 MB PDF)</a></p>1497 1498 <p><a href="/monetarypolicy/files/FOMC20190619Agenda.pdf">Agenda (704 KB PDF)</a></p>1499 <p><a href="/newsevents/pressreleases/monetary20190619a.htm">Statement</a></p>1500 1501 1502 <p><a href="/monetarypolicy/fomcpresconf20190619.htm">Press Conference</a></p>1503 </div>1504 <div class="col-xs-12 col-md-6">1505 <p><a href="/monetarypolicy/2019-fomc-memos.htm">2019 Memos <em></em></a></p>1506 1507 <p>1508 Minutes (Released July 10, 2019):<br>1509 <a href="/monetarypolicy/fomcminutes20190619.htm">HTML</a> | <a href="/monetarypolicy/files/fomcminutes20190619.pdf">PDF</a>1510 </p>1511 1512 1513 <p>1514 <a href="/monetarypolicy/files/FOMC20190619SEPcompilation.pdf">SEP: Individual Projections (1.84 MB PDF)</a><br>1515 1516 </p>1517 <p><a href="/monetarypolicy/files/FOMC20190619SEPkey.pdf">SEP Participant Key</a></p>1518 <p>1519 <a href="/monetarypolicy/files/FOMC20190619meeting.pdf">Transcript (1.72 MB PDF)</a><br>1520 <a href="/monetarypolicy/files/FOMC20190619material.pdf">Presentation materials (4.76 MB PDF)</a><br>1521 1522 <br><br><a href="/monetarypolicy/files/FOMC20190619accessible.zip">Accessible version (ZIP)</a>1523 </p>1524 </div>1525 </div>1526 </div>1527 15281529153015311532 <div class="panel panel-default panel-padded">1533 <h5 class="panel-heading panel-heading--shaded">July 30-31 Meeting - 2019</h5>1534 <div class="row divided-row">1535 <div class="col-xs-12 col-md-6">1536 1537 <p>Beige Book: <a href="/monetarypolicy/files/BeigeBook_20190717.pdf">PDF</a> | <a href="/monetarypolicy/beigebook201907.htm">HTML</a></p>1538 <p><a href="/monetarypolicy/files/FOMC20190731tealbooka20190719.pdf">Tealbook A (6.31 MB PDF)</a></p>1539 <p><a href="/monetarypolicy/files/FOMC20190731tealbookb20190725.pdf">Tealbook B (4.25 MB PDF)</a></p>1540 1541 <p><a href="/monetarypolicy/files/FOMC20190731Agenda.pdf">Agenda (704 KB PDF)</a></p>1542 <p><a href="/newsevents/pressreleases/monetary20190731a.htm">Statement</a></p>1543 1544 1545 <p><a href="/monetarypolicy/fomcpresconf20190731.htm">Press Conference</a></p>1546 </div>1547 <div class="col-xs-12 col-md-6">1548 <p><a href="/monetarypolicy/2019-fomc-memos.htm">2019 Memos <em></em></a></p>1549 1550 <p>1551 Minutes (Released August 21, 2019):<br>1552 <a href="/monetarypolicy/fomcminutes20190731.htm">HTML</a> | <a href="/monetarypolicy/files/fomcminutes20190731.pdf">PDF</a>1553 </p>1554 1555 1556 1557 <p>1558 <a href="/monetarypolicy/files/FOMC20190731meeting.pdf">Transcript (2.08 MB PDF)</a><br>1559 <a href="/monetarypolicy/files/FOMC20190731material.pdf">Presentation materials (3.88 MB PDF)</a><br>1560 1561 <br><br><a href="/monetarypolicy/files/FOMC20190731accessible.zip">Accessible version (ZIP)</a>1562 </p>1563 </div>1564 </div>1565 </div>1566 15671568156915701571 <div class="panel panel-default panel-padded">1572 <h5 class="panel-heading panel-heading--shaded">September 17-18 Meeting - 2019</h5>1573 <div class="row divided-row">1574 <div class="col-xs-12 col-md-6">1575 1576 <p>Beige Book: <a href="/monetarypolicy/files/BeigeBook_20190904.pdf">PDF</a> | <a href="/monetarypolicy/beigebook201909.htm">HTML</a></p>1577 <p><a href="/monetarypolicy/files/FOMC20190918tealbooka20190906.pdf">Tealbook A (7.24 MB PDF)</a></p>1578 <p><a href="/monetarypolicy/files/FOMC20190918tealbookb20190912.pdf">Tealbook B (3.95 MB PDF)</a></p>1579 1580 <p><a href="/monetarypolicy/files/FOMC20190918Agenda.pdf">Agenda (704 KB PDF)</a></p>1581 <p><a href="/newsevents/pressreleases/monetary20190918a.htm">Statement</a></p>1582 1583 1584 <p><a href="/monetarypolicy/fomcpresconf20190918.htm">Press Conference</a></p>1585 </div>1586 <div class="col-xs-12 col-md-6">1587 <p><a href="/monetarypolicy/2019-fomc-memos.htm">2019 Memos <em></em></a></p>1588 1589 <p>1590 Minutes (Released October 09, 2019):<br>1591 <a href="/monetarypolicy/fomcminutes20190918.htm">HTML</a> | <a href="/monetarypolicy/files/fomcminutes20190918.pdf">PDF</a>1592 </p>1593 1594 1595 <p>1596 <a href="/monetarypolicy/files/FOMC20190918SEPcompilation.pdf">SEP: Individual Projections (2 MB PDF)</a><br>1597 1598 </p>1599 <p><a href="/monetarypolicy/files/FOMC20190918SEPkey.pdf">SEP Participant Key</a></p>1600 <p>1601 <a href="/monetarypolicy/files/FOMC20190918meeting.pdf">Transcript (1.87 MB PDF)</a><br>1602 <a href="/monetarypolicy/files/FOMC20190918material.pdf">Presentation materials (6.84 MB PDF)</a><br>1603 1604 <br><br><a href="/monetarypolicy/files/FOMC20190918accessible.zip">Accessible version (ZIP)</a>1605 </p>1606 </div>1607 </div>1608 </div>1609 16101611161216131614<div class="panel panel-default panel-padded">1615 <h5 class="panel-heading panel-heading--shaded">October 4 (unscheduled) - 2019</h5>1616 <div class="row">1617 <div class="col-xs-12 col-md-12">1618 <p><a href="/monetarypolicy/2019-fomc-memos.htm">2019 Memos</a></p>1619 <p><a href="/newsevents/pressreleases/monetary20191011a.htm">Statement</a> (Released October 11, 2019)</p>1620 <p>Minutes: <em>See end of minutes of October 29-30 meeting</em></p>1621 1622 <p><a href="/monetarypolicy/files/FOMC20191004confcall.pdf">Transcript (1.83 MB PDF)</a></p>1623 1624 <p><a href="/monetarypolicy/files/FOMC20191004material.pdf">Presentation materials (1 MB PDF)</a></p>1625 1626 1627 1628 <p><a href="/monetarypolicy/files/FOMC20191004accessible.zip">Accessible version (ZIP)</a></p>1629 </div>1630 </div>1631</div>1632 16331634163516361637 <div class="panel panel-default panel-padded">1638 <h5 class="panel-heading panel-heading--shaded">October 29-30 Meeting - 2019</h5>1639 <div class="row divided-row">1640 <div class="col-xs-12 col-md-6">1641 1642 <p>Beige Book: <a href="/monetarypolicy/files/BeigeBook_20191016.pdf">PDF</a> | <a href="/monetarypolicy/beigebook201910.htm">HTML</a></p>1643 <p><a href="/monetarypolicy/files/FOMC20191030tealbooka20191018.pdf">Tealbook A (6.82 MB PDF)</a></p>1644 <p><a href="/monetarypolicy/files/FOMC20191030tealbookb20191024.pdf">Tealbook B (3.3 MB PDF)</a></p>1645 1646 <p><a href="/monetarypolicy/files/FOMC20191030Agenda.pdf">Agenda (707 KB PDF)</a></p>1647 <p><a href="/newsevents/pressreleases/monetary20191030a.htm">Statement</a></p>1648 1649 1650 <p><a href="/monetarypolicy/fomcpresconf20191030.htm">Press Conference</a></p>1651 </div>1652 <div class="col-xs-12 col-md-6">1653 <p><a href="/monetarypolicy/2019-fomc-memos.htm">2019 Memos <em></em></a></p>1654 1655 <p>1656 Minutes (Released November 20, 2019):<br>1657 <a href="/monetarypolicy/fomcminutes20191030.htm">HTML</a> | <a href="/monetarypolicy/files/fomcminutes20191030.pdf">PDF</a>1658 </p>1659 1660 1661 1662 <p>1663 <a href="/monetarypolicy/files/FOMC20191030meeting.pdf">Transcript (2.01 MB PDF)</a><br>1664 <a href="/monetarypolicy/files/FOMC20191030material.pdf">Presentation materials (3.74 MB PDF)</a><br>1665 1666 <br><br><a href="/monetarypolicy/files/FOMC20191030accessible.zip">Accessible version (ZIP)</a>1667 </p>1668 </div>1669 </div>1670 </div>1671 16721673167416751676 <div class="panel panel-default panel-padded">1677 <h5 class="panel-heading panel-heading--shaded">December 10-11 Meeting - 2019</h5>1678 <div class="row divided-row">1679 <div class="col-xs-12 col-md-6">1680 1681 <p>Beige Book: <a href="/monetarypolicy/files/BeigeBook_20191127.pdf">PDF</a> | <a href="/monetarypolicy/beigebook201911.htm">HTML</a></p>1682 <p><a href="/monetarypolicy/files/FOMC20191211tealbooka20191126.pdf">Tealbook A (7.48 MB PDF)</a></p>1683 <p><a href="/monetarypolicy/files/FOMC20191211tealbookb20191205.pdf">Tealbook B (3.13 MB PDF)</a></p>1684 1685 <p><a href="/monetarypolicy/files/FOMC20191211Agenda.pdf">Agenda (803 KB PDF)</a></p>1686 <p><a href="/newsevents/pressreleases/monetary20191211a.htm">Statement</a></p>1687 1688 1689 <p><a href="/monetarypolicy/fomcpresconf20191211.htm">Press Conference</a></p>1690 </div>1691 <div class="col-xs-12 col-md-6">1692 <p><a href="/monetarypolicy/2019-fomc-memos.htm">2019 Memos <em></em></a></p>1693 1694 <p>1695 Minutes (Released January 03, 2020):<br>1696 <a href="/monetarypolicy/fomcminutes20191211.htm">HTML</a> | <a href="/monetarypolicy/files/fomcminutes20191211.pdf">PDF</a>1697 </p>1698 1699 1700 <p>1701 <a href="/monetarypolicy/files/FOMC20191211SEPcompilation.pdf">SEP: Individual Projections (1.99 MB PDF)</a><br>1702 1703 </p>1704 <p><a href="/monetarypolicy/files/FOMC20191211SEPkey.pdf">SEP Participant Key</a></p>1705 <p>1706 <a href="/monetarypolicy/files/FOMC20191211meeting.pdf">Transcript (1.75 MB PDF)</a><br>1707 <a href="/monetarypolicy/files/FOMC20191211material.pdf">Presentation 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