tailieunhanh - Minutes of the Federal Open Market Committee July 31–August 1, 2012

To take out a loan, banks usually charge various administrative fees. Fees are usually charged for documentation, administration and similar services. Other fees and charges may also be applied. For some facilities, banks may offer other services to be purchased at the time the loan is made. Also, some loans may be insured against unemployment or the death of the borrower. There are also fees and charges that the borrower may have to pay during the life of the loan. These could include late payment charges and early repayment penalties. Borrowers should be clear on what fees and charges are associated with the loan | Page 1 Minutes of the Federal Open Market Committee July 31-August 1 2012 A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington . on Tuesday July 31 2012 at 1 00 . and continued on Wednesday August 1 2012 at 9 00 . PRESENT Ben Bernanke Chairman William C. Dudley Vice Chairman Elizabeth Duke Jeffrey M. Lacker Dennis P. Lockhart Sandra Pianalto Jerome H. Powell Sarah Bloom Raskin Jeremy C. Stein Daniel K. Tarullo John C. Williams Janet L. Yellen James Bullard Christine Cumming Charles L. Evans Esther L. George and Eric Rosengren Alternate Members of the Federal Open Market Committee Richard W. Fisher Narayana Kocherlakota and Charles I. Plosser Presidents of the Federal Reserve Banks of Dallas Minneapolis and Philadelphia respectively William B. English Secretary and Economist Deborah J. Danker Deputy Secretary Matthew M. Luecke Assistant Secretary David W. Skidmore Assistant Secretary Michelle A. Smith Assistant Secretary Scott G. Alvarez General Counsel Thomas C. Baxter Deputy General Counsel Steven B. Kamin Economist David W. Wilcox Economist David Altig Thomas A. Connors Michael P. Leahy James J. McAndrews William Nelson David Reif-schneider William Wascher Associate Economists Simon Potter Manager System Open Market Account Michael S. Gibson Director Division of Banking Supervision and Regulation Board of Governors Nellie Liang Director Office of Financial Stability Policy and Research Board of Governors Jon W. Faust and Andrew T. Levin Special Advisors to the Board Office of Board Members Board of Governors James A. Clouse Deputy Director Division of Monetary Affairs Board of Governors Linda Robertson Assistant to the Board Office of Board Members Board of Governors Seth B. Carpenter Senior Associate Director Division of Monetary Affairs Board of Governors Thomas Laubach Senior Adviser Division of Research and Statistics Board of Governors Joyce K. Zick-ler Senior .