Following are the minutes from the Federal Reserve meeting held January 29 to January 30.By unanimous vote, the Committee made a few amendments to its rules and to the Program for Security of FOMC Information. The amendments primarily addressed the Committee's practice of approving the minutes via notation vote, attendance at Committee meetings, and access to Committee information by System employees. By unanimous vote, the Federal Reserve Bank of New York was selected to execute transactions for the System Open Market Account.
By unanimous vote, William C. Dudley was selected to serve at the pleasure of the Committee as Manager, System Open Market Account, on the understanding that his selection was subject to being satisfactory to the Federal Reserve Bank of New York.
By unanimous vote, the Authorization for Domestic Open Market Operations was reaffirmed in the form shown below (Reaffirmed January 29, 2008):
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