View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

AGENDA
FEDERAL OPEN MARKET COMMITTEE
Monday, December 16, 1985 at 3:30 p.m.
and continuing on
Tuesday, December 17, 1985 at 9:30 a.m.

1.

Approval of minutes of actions taken at the meeting of the
Federal Open Market Committee on November 4-5, 1985.

2.

Background discussion of technical factors affecting 1986 ranges for
the monetary aggregates.
A.

B.

3.

Staff comment including analysis of recent and prospective
behavior of the aggregates under deregulation.
(Staff memorandum to be distributed).
Committee discussion.

Foreign currency operations.
A.
B.

4.

Report on operations since the meeting on November 4-5, 1985.
Action to ratify transactions since November meeting.

Domestic open market operations.
A.
B.

5.

Report on operations since the meeting on November 4-5, 1985.
Action to ratify transactions since November meeting.

Economic situation.
A.
B.

6.

Staff report on economic situation.
Committee discussion.

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

Committee discussion.

C.

7.

Comments by staff director.

Action to adopt directive.

Confirmation of date for next meeting (Tuesday-Wednesday, February 11-12, 1986).