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AGENDA
FEDERAL OPEN MARKET COMMITTEE
Tuesday, April 19, 1977
9:00 a.m.

1.

Approval of minutes of actions taken at the meeting
of the Federal Open Market Committee on March 15,
1977.

2.

Foreign currency operations.

3.

4.

A.

Report on foreign currency operations since the
meeting of the Committee on March 15, 1977.

B.

Action to approve, ratify, and confirm transactions
since the previous meeting.

C.

Consideration of Manager's recommendations with
respect to foreign currency operations.

Economic and financial situation and outlook.
A.

Staff comments.

B.

General Committee discussion.

Longer-term ranges for monetary aggregates.

- 2 -

5.

Domestic open market operations.
A.

Report on open market operations since the
meeting of the Committee on March 15, 1977.

B.

Action to approve, ratify, and confirm transactions
since the previous meeting.

C.

Comments by Economist on prospective financial
relationships.

6.

Current monetary policy and domestic policy directive
to be issued to Federal Reserve Bank of New York.
(Copy of March 15, 1977, directive attached.)

7.

Confirmation of date for next meeting.
May 17, 1977.)

(Tuesday,