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AGENDA
FEDERAL OPEN MARKET COMMITTEE
Tuesday,

August 20, 1985 at 9 a.m.

1.

Approval of minutes of actions taken at the meeting of the Federal
Open Market Committee on July 9-10, 1985.

2.

Foreign currency operations.
A.
B.

3.

Report on operations since the meeting on July 9-10,
Action to ratify transactions,

1985.

if any, since July meeting.

Domestic open market operations.
A.
B.

4.

Report on operations since the meeting on July 9-10, 1985.
Action to ratify transactions since July meeting.

Economic situation and outlook.
A.
B.

5.

Staff report.
Committee discussion.

Current monetary policy and domestic policy directive.
A.
B.

Committee discussion.

C.

6.

Comments by Staff Director.

Action to adopt policy directive.

Confirmation of date for next meeting (Tuesday, October 1, 1985).