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AGENDA FEDERAL OPEN MARKET COMMITTEE Tuesday, February 10, 1987 at 3:00 p.m. and continuing on Wednesday, February 11, 1987 at 9:00 a.m. 1. Approval of minutes of actions taken at the meeting of the Federal Open Market Committee on December 15-16, 1986. 2. Foreign currency operations. 3. 4. 5. A. Report on operations since the meeting on December 15-16, 1986. B. Action to ratify transactions since the December meeting. Domestic open market operations. A. Report on operations since the meeting on December 15-16, 1986. B. Action to ratify transactions since the December meeting. Economic situation. A. Staff report on economic situation (Chart Show). B. Committee discussion. Longer-run ranges for monetary aggregates. A. Staff comments. B. Committee discussion and action on ranges for 1987. -2- 6. 7. 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, March 31, 1987).
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