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AGENDA
FEDERAL OPEN MARKET COMMITTEE

Monday, December 19, 1983, at 3:00 p.m.
and continuing on
Tuesday, December 20, 1983, at 9:00 a.m.

1.

Approval of minutes of actions taken at the meeting of the
Federal Open Market Committee on November 14-15, 1983.

2.

Acceptance of Report of Examination of the System Open Market Account
(distributed December 13, 1983).

3.

Preliminary report on contemporaneous reserve accounting and open
market operations.

4.

Economic situation.

5.

A.

Staff report.

B.

Committee discussion.

Preliminary discussion of the 1984 ranges for the monetary aggregates.
A.

Staff comment.

B.

Committee discussion.

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6.

Foreign currency operations.
A.

Report on operations since the meeting on November 14-15, 1983.

B.

Action to ratify transactions since the meeting on
November 14-15, 1983.

7.

Domestic open market operations.
A.

Report on operations since the meeting on November 14-15, 1983.

B.

Action to ratify transactions since the meeting on
November 14-15, 1983.

8.

9.

Current monetary policy and domestic policy directive.
A.

Comments by Staff Director.

B.

Committee discussion.

C.

Action to adopt policy directive.

Confirmation of date for next meeting (Monday-Tuesday,
February 6-7, 1984 or Monday-Tuesday, January 30-31, 1984).