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CONFIDENTIAL (FR)
Matters for consideration at the meeting of the Federal Open Market
Committee to be held on Tuesday, April 29, 1969, at 9:30 a.m.

1.

Approval of the minutes of actions taken at the meeting of the
Federal Open Market Committee on April 1, 1969.

2.

Acceptance of memorandum of discussion for the meeting of the
Federal Open Market Committee held on April 1, 1969.

3.

Report of the Special Manager for foreign currency operations
on such operations since the meeting of the Federal Open Market
Committee on April 1, 1969; action with respect to transactions
during such period; and consideration of recommendations of the
Special Manager.

4.

Report by the Manager of the System Open Market Account on open
market operations since the meeting of the Federal Open Market
Committee on April 1, 1969; and action with respect to transactions during such period.

5.

Staff reports on economic and financial developments.

6.

Discussion of factors bearing on monetary and credit policy;
and derivation of consensus regarding open market operations
in the forthcoming period.

7.

Current economic policy directive to the Federal Reserve Bank
of New York. (Copy of April 1, 1969, directive attached.)

8.

Consideration of final report of Joint Treasury-Federal Reserve
Study of the U.S. Government Securities Market. (Distributed on
March 21, 1969. See also memorandum from Mr. Maisel dated
April 8, 1969, and entitled "Recommendation on Report of TreasuryFederal Reserve Study of the U.S. Government Securities Market.")

9.

Confirmation of date for next meeting (May 27, 1969).

Attachment