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CONIDEWTIAL (FgS) sOMC CLASS 11 AGENDA FEDERAL OPEN MARKET COiMITTEE Tuesday, April 20, 1976 9:00 a.m. 1. Executive session. 2, Approval of minutes of actions taken at the meeting of the Federal Open Market Committee on March 15-16, 1976. 3, Foreign currency operations. A. Report on foreign currency operations since the meeting of the Committee on March 15-16, 1976. B. Action to approve, ratify, and confirm transactions since previous meeting. C. Consideration of Manager's recommendations with respect to foreign currency operations. 4. Economic and financial situation and outlook. A. Staff comments. B. General Committee discussion. S, Domestic open market operations. A. Report on open market operations since the meeting of the Committee on lMarch 15-16, 1976. B. Action to approve, ratify, and confirm transactions since previous meeting, 6. Longer-run targets for monetary aggregates. 7. Comments by Economist (Domestic Finance) on prospective financial relationships. 8, Current monetary policy and domestic policy directive to be issued to Federal Reserve Bank of New York, (Copy of March 15-16, 1976, directive attached.) 9. Confirmation of date for next meeting (Tuesday, May 18, 1976),
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