Federal Open Market Committee
Documents relating to the FOMC. Researchers may also want to look at documents from the Shadow Open Market Committee and the Open Market Investment Committee. The Federal Open Market Committee (FOMC) consists of twelve members--the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis. The FOMC holds eight regularly scheduled meetings per year. At these meetings, the Committee reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth. Nonvoting Reserve Bank presidents attend the meetings of the Committee, participate in the discussions, and contribute to the Committee's assessment of the economy and policy options.
Sort by: Date / Title Showing Items: 1 - 21 of 21Amending the Federal Reserve Act: Report to Accompany H.R. 4998
Description:
Senate Report No. 96-426, 96th Congress, 1st Session. Recommendation passage of the bill (H.R. 4998) amending the Federal Reserve Act, requiring detailed minutes of all meetings of the Federal Open Market Committee to be maintained and published on a deferred basis.
SUDOC:
X 96-1:S.rp.423
OCLC:
6181488
Citation:
United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs, ([year]), Amending the Federal Reserve Act: Report to Accompany H.R. 4998, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=410
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Annual Report of the Board of Governors of the Federal Reserve System
Description:
This report details the operations of the Federal Reserve Board during the course of the year. It provides information about the Federal Open Market Committee meetings, regulatory activities, financial status of the different Reserve Banks, and information on services provided by the Banks, as well as statistical tables detailing the condition and activities of the Federal Reserve System. The Report has been published annually since 1914.
SUDOC:
FR 1.1:
OCLC:
5209774, 1768174
ISSN:
0190-6313
Citation:
Board of Governors of the Federal Reserve System (U.S.), ([year]), Annual Report of the Board of Governors of the Federal Reserve System, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=117
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Topics:
- Federal Open Market Committee
- Data and Statistical Publications
- Data Publications
- Publications from the Board of Governors
- Board of Governors of the Federal Reserve System
- Annual Reports
- Annual Reports of Federal Reserve System
- Annual Reports of Federal Reserve Banks and Board of Governors
Related Publications:
FOMC Policy on External Communications of Federal Reserve System Staff
Citation:
United States. Federal Open Market Committee, ([year]), FOMC Policy on External Communications of Federal Reserve System Staff, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=814
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Related Publications:
FOMC Policy on External Communications of the Federal Reserve System Participants
Citation:
United States. Federal Open Market Committee, ([year]), FOMC Policy on External Communications of the Federal Reserve System Participants, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=815
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Federal Open Market Committee Economic Projections
Description:
Forecasts of the Federal Open Market Committee participants for consumer price inflation, real GDP, and unemployment that are prepared for each meeting. These forecasts are made available in January, March, June, and October and are appended to end of the FOMC minutes. These projections have been made available since October 2007 through the FOMC Minutes. Prior to October 2007, the data on the forecasts of FOMC participants were published twice a year as part of the Monetary Policy Reports to Congress (Humphrey-Hawkins Hearings).
Citation:
United States. Federal Open Market Committee, ([year]), Federal Open Market Committee Economic Projections, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=676
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Federal Open Market Committee Meeting Minutes, Transcripts, and Other Documents
Description:
Prior to 1993, the type of material now included in the FOMC Minutes was divided between two separate documents: The Record of Policy Actions and the Minutes of Actions. In the context of the Freedom of Information Act, the FOMC began releasing more information about its proceedings. While Records of Policy Actions gave background for monetary policy decisions, they did not provide information on such things as who attended FOMC meetings, and what topics, besides monetary policy, were discussed. The Minutes of Actions, first released in 1967, were designed to provide this information. They were made available to the public on the same schedule as the Record of Policy Actions. An excellent summary of the various reports from the Federal Open Market Committee since is was established in 1935 is available at the FOMC website.
Citation:
United States. Federal Open Market Committee, ([year]), Federal Open Market Committee Meeting Minutes, Transcripts, and Other Documents, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=677
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Federal Reserve Bulletin
Description:
The monthly Federal Reserve Bulletin was introduced in 1915 by the Board of Governors of the Federal Reserve System to present policy issues and provide a journal of record of the activities of the Board. The Bulletin was also constructed to present data in the areas of business, finance, and international transactions that affect U.S. monetary policy and the goals of the Federal Reserve System. Authors from the Federal Reserve Boards' Research and Statistics, Monetary Affairs, International Finance, Banking Supervision and Regulation, Consumer and Community Affairs, Reserve Bank Operations, and Legal divisions contribute to the contents published in each issue. The Bulletin includes topical research articles, legal developments, Report on the Condition of the U.S. Banking Industry, and other general information.
In 2006, the regular publication of paper issues was discontinued and replaced with an annual compilation available online. Between 2004 and 2008, the Financial and Business Statistics section of the Bulletin was published monthly as the Statistical Supplement to the Federal Reserve Bulletin. This data is now only available as Data Sources at this website http://www.federalreserve.gov/pubs/supplement/statsupdata/statsupdata.htm
SUDOC:
FR 1.3
OCLC:
1606526
ISSN:
0014-9209
Citation:
Board of Governors of the Federal Reserve System (U.S.), ([year]), Federal Reserve Bulletin, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=62
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Topics:
- Federal Open Market Committee
- Data and Statistical Publications
- Data Publications
- Board of Governors of the Federal Reserve System
- Federal Reserve Collections
- Publications from the Board of Governors
Related Publications:
Federal Reserve Open Market Investment Committee (Open Market Policy Conference)
Description:
A re-examination of the record of discussions and policy decisions relating to the operations of the Federal Open Market Investment Committee during the years 1923-1930, and of the Open Market Policy Conference during 1930 and the first half of 1931. Two reports, spanning 1923-1928 and 1929-1931, were created for the reference of Federal Open Market Committee members, describing actions taken and the reasons for those actions.
Citation:
United States. Federal Open Market Committee, ([year]), Federal Reserve Open Market Investment Committee (Open Market Policy Conference), [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=156
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Federal Reserve's 17-Year Secret: With Examples of Federal Open Market Committee Transcripts
Description:
Prepared by the staff of the Committee on Banking, Finance, and Urban Affairs, One Hundred Third Congress, second session.
SUDOC:
Y 4.B 22/1:R 31/8
OCLC:
30018490
ISBN:
0160437059, 9780160437052
Citation:
United States. Congress. House. Committee on Banking, Finance, and Urban Affairs, ([year]), Federal Reserve's 17-Year Secret: With Examples of Federal Open Market Committee Transcripts, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=963
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Framework of Monetary Policy: A Staff Analysis of the Federal Open Market Committee in its Conduct of Monetary Policy
Description:
Report for the use of the Subcommittee on Domestic Finance of the Committee on Banking and Currency, House of Representatives, 89th Congress, 2d Session, discussing the framework used by the Federal Open Market Committee in its conduct of monetary policy in the 1952-60 period, based primarily on an analysis of the minutes of the meetings of the FOMC.
OCLC:
341
Citation:
United States. Congress. House. Committee on Banking and Currency. Subcommittee on Domestic Finance, ([year]), Framework of Monetary Policy: A Staff Analysis of the Federal Open Market Committee in its Conduct of Monetary Policy, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=392
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H.4.1 Factors Affecting Bank Reserves and Condition Statement of F.R. Banks
Description:
Publication History:
1997 - present: Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks (H.4.1, Weekly)
1984-1997 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks (H.4.1)
1981-1984 Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks (H.4.1)
1961-1980 Factors Affecting Bank Reserves and Condition Statement of F.R. Banks (H.4.1)
1956-1961 Weekly Averages of Member Bank Reserves, Reserve Bank Credit, and Related Items and Statement of Condition of the Federal Reserve Banks (H.4.1)
1946-1955 Condition of Federal Reserve Banks (H.4.1)
1928-1946 Condition of Federal Reserve Banks (FR 283)
1914-1927 Resources and Liabilities of the Federal Reserve Banks (B 801)
Note:
Title varies slightly from 1914 to 1927. Reserve bank credit outstanding was included beginning May 29, 1930.
Releases are available on the website of the Board of Governors of the Federal Reserve System for 1996 - present.
SUDOC:
FR 1.15:
OCLC:
1523946
Citation:
Board of Governors of the Federal Reserve System (U.S.), ([year]), H.4.1 Factors Affecting Bank Reserves and Condition Statement of F.R. Banks, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=83
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H.6 Money Stock Measures
Description:
The weekly H.6 release, titled Money Stock Measures, provides measures of the monetary aggregates (M1 and M2) and their components. It began as the semimonthly J.3, Demand Deposits, Currency, and Related Items, 1960-1965, and was continued under various titles as the H.6.
Publication History:
2002-present: Money Stock Measures (H.6, Weekly)
1998-2002 Money Stock and Debt Measures (H.6)
1984-1998 Money Stock, Liquid Assets, and Debt Measures (H.6)
1980-1984 Money Stock Measures and Liquid Assets (H.6)
1971-1980 Money Stock Measures (H.6)
1970-1971 Money Stock and Time Deposits (H.6)
1966-1970 Money Supply and Time Deposits (H.6)
1965-1966 Demand Deposits, Currency and Related Items (H.6)
1960-1965 Demand Deposits, Currency and Related Items (J.3, Semimonthly)
Note:
From April 22, 1983 to August 23, 1997, Monthly Survey of Selected Deposits (FR2042) was a special supplementary table to H.6. The Board discontinued publishing the M3 monetary aggregate on March 23, 2006.
Releases are available on the website of the Board of Governors of the Federal Reserve System for 1999 - present.
SUDOC:
FR 1.47:
OCLC:
2254257
Citation:
Board of Governors of the Federal Reserve System (U.S.), ([year]), H.6 Money Stock Measures, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=53
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Topics:
- Data and Statistical Publications
- Statistical Releases
- Board of Governors of the Federal Reserve System
- Federal Open Market Committee
Related Publications:
Modern History of FOMC Communication: 1975-2002
Description:
A chronicle of the evolution of the Federal Open Market Committee's policy for communicating with the public during the last quarter of the 20th century. Authorized for public release on 8/19/2009.
OCLC:
741292505
Citation:
Lindsey, David E., ([year]), Modern History of FOMC Communication: 1975-2002, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=180
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Monetary Policy Oversight - House of Representatives Hearings
Description:
Under the Full Employment and Balanced Growth Act of 1978 (also referred to as the Humphrey-Hawkins Act), the Federal Reserve must submit a report on the economy to Congress by February 20 and July 20 of each year. Following submission of the report, the chairman of the Federal Reserve Board is typically called to testify before the House committee, or subcommittee, charged with monetary policy oversight.
Citation:
United States. Congress. House. Committee on Banking and Currency, United States. Congress. House. Committee on Banking, Finance, and Urban Affairs and United States. Congress. House. Committee on Financial Services, ([year]), Monetary Policy Oversight - House of Representatives Hearings, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=672
Authors:
- United States. Congress. House. Committee on Banking and Currency
- United States. Congress. House. Committee on Banking, Finance, and Urban Affairs
- United States. Congress. House. Committee on Financial Services
Topics:
- Monetary Policy Oversight Hearings (Humphrey - Hawkins)
- Federal Open Market Committee
- Humphrey-Hawkins (Monetary Policy Oversight) Hearings
- Monetary Policy
Related Publications:
Monetary Policy Oversight - Senate Hearings
Description:
Under the Full Employment and Balanced Growth Act of 1978 (also referred to as the Humphrey-Hawkins Act), the Federal Reserve must submit a report on the economy to Congress by February 20 and July 20 of each year. Following submission of the report, the chairman of the Federal Reserve Board is typically called to testify before the Senate committee charged with monetary policy oversight.
Citation:
United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs, ([year]), Monetary Policy Oversight - Senate Hearings, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=671
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Topics:
- Monetary Policy Oversight Hearings (Humphrey - Hawkins)
- Federal Open Market Committee
- Humphrey-Hawkins (Monetary Policy Oversight) Hearings
- Monetary Policy
Related Publications:
Operating Procedures and the Conduct of Monetary Policy: Conference Proceedings
Description:
Conference Proceedings for Operating Procedures and the Conduct of Monetary Policy hosted by the Federal Reserve Bank of St. Louis on June 18-19, 1992. Originally published in two volumes as part of the Finance and Economics Discussion Series of the Board of Governors of the Federal Reserve System.
OCLC:
29332539
Citation:
Board of Governors of the Federal Reserve System (U.S.), ([year]), Operating Procedures and the Conduct of Monetary Policy: Conference Proceedings, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=679
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Shadow Open Market Committee Policy Statement and Position Papers
Description:
The Shadow Open Market Committee (SOMC), an independent organization with members from academic institutions and private organizations, was founded by Professors Karl Brunner of the University of Rochester and Allan Meltzer of Carnegie-Mellon. Its first semi-annual meeting was held on September 14, 1973. The original objective was to evaluate the policy choices and actions of the Federal Reserve's Open Market Committee (FOMC). Since 1973, the SOMC has met semi-annually to discuss economic policy.
Additional reports of the committee are available on the Shadow Open Market Committee website.
OCLC:
15373119
Citation:
Shadow Open Market Committee, ([year]), Shadow Open Market Committee Policy Statement and Position Papers, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=82
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Related Publications:
Statements and Speeches of Ben S. Bernanke: April 27, 2011 - Press Conference with Chairman of the FOMC, Ben S. Bernanke
Publication:
Statements and Speeches of Ben S. Bernanke
Description:
Link to video http://bcove.me/6vrqk5ui
Citation:
Bernanke, Ben and Board of Governors of the Federal Reserve System (U.S.), ([year]), Statements and Speeches of Ben S. Bernanke: April 27, 2011, accessed May 23, 2013 from FRASER, http://fraser.stlouisfed.org/docs/historical/bernanke/bernanke_20110427_FOMCpresconf.pdf
Authors:
U.S. Monetary Policy and Financial Markets
Description:
Ann-Marie Meulendyke, Federal Reserve Bank of New York, writes on the monetary policy process and financial markets of the 1980s.
OCLC:
21815420
Citation:
Meulendyke, Ann-Marie and Federal Reserve Bank of New York, ([year]), U.S. Monetary Policy and Financial Markets, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=120
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United States Monetary Policy: Recent Thinking and Experience. Hearings before the Subcommittee on Economic Stabilization of the Joint Committee on the Economic Report, Congress of the United States, Eighty-third Congress, Second Session, Pursuant to Sec. 5(a) of Public Law 304, 79th Congress, December 6 and 7, 1954
Description:
Hearings before the Subcommittee on Economic Stabilization of the Joint Committee on the Economic Report, Congress of the United States, Eighty-third Congress, second session, pursuant to sec. 5(a) of Public law 304, 79th Congress.
OCLC:
635407
Citation:
United States. Congress. Joint Committee on the Economic Report, ([year]), United States Monetary Policy: Recent Thinking and Experience. Hearings before the Subcommittee on Economic Stabilization of the Joint Committee on the Economic Report, Congress of the United States, Eighty-third Congress, Second Session, Pursuant to Sec. 5(a) of Public Law 304, 79th Congress, December 6 and 7, 1954, [issue title/date], accessed May 23, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=763
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