Minutes of the Federal Open Market Committee.

The Federal Reserve Board and the Federal Open Market Committee released on August 30, 2005, the minutes of the Committee meeting held on August 9, 2005.

On October 11, 2005, the Federal Reserve Board and the Federal Open Market Committee released the minutes of the Committee meeting held on September 20, 2005.

The minutes for each regularly scheduled meeting of the Committee are made available three weeks after the day of the policy decision and subsequently are published in the Board's Annual Report. The summary descriptions of economic and financial conditions contained in the minutes are based solely on the information available to the Committee at the time of the meetings.

FOMC minutes can be viewed on the Board's web site at www.federalreserve.gov/fomc.