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AGENDA
FEDERAL OPEN MARKET COMMITTEE
Tuesday, August 18, 1987 at 9:00 a.m.

1.

Election of Chairman.

2.

Approval of minutes of actions taken at the meeting of the
Federal Open Market Committee on July 7, 1987.

3.

Foreign currency operations.

4.

5.

6.

7.

A.

Report on operations since the meeting on July 7, 1987.

B.

Action to ratify transactions since the July meeting.

Domestic open market operations.
A.

Report on operations since the meeting on July 7, 1987.

B.

Action to ratify transactions since the July meeting.

Economic situation.
A.

Staff report on economic situation.

B.

Committee discussion.

Current monetary policy and domestic policy directive.
A.

Staff comments.

B.

Committee discussion.

C.

Action to adopt directive.

Confirmation of date for next meeting (Tuesday, September 22, 1987).