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Class III FOMC - Internal (FR) AGENDA FEDERAL OPEN MARKET COMMITTEE Tuesday, August 8, 2006 at 8:30 a.m. 1. Foreign currency and domestic open market operations. A. Report on market developments. B. Action to ratify the open market transactions for the System account since the June meeting. 2. Economic situation. A. Staff report. B. Committee discussion. 3. Current monetary policy. A. Staff comments. B. Committee discussion. C. Action to adopt directive. 4. Discussion of communications issues 5 Confirmation of the date for next meeting (Wednesday, September 20, 2006)