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Class III FOMC – Internal (FR)

REVISED 1/25/10 


A G E N D A

FEDERAL OPEN MARKET COMMITTEE
Tuesday, January 26, 2010 at 2:00 p.m. 

and continuing on 

Wednesday, January 27, 2010 at 9:00 a.m. 


Advices of the election of the following members and alternate members of the Federal
Open Market Committee for a term commencing January 26, 2010 have been received by
the Secretariat, and these individuals have executed their oaths of office.
Members	

Alternate Members

William C. Dudley
Sandra Pianalto
Eric S. Rosengren
James Bullard
Thomas M. Hoenig

Christine M. Cumming
Charles L. Evans
Charles I. Plosser
Richard W. Fisher
Narayana Kocherlakota

1.	 Election of Committee officers.
A. Chairman
B. Vice Chairman
C. Staff officers
2.	 Proposed revision to the Program for Security of FOMC Information (see related
memo dated January 22, 2010).
3.	 Selection of a Federal Reserve Bank to execute transactions for the System Open
Market Account.
4.	 Selection of a Manager of the System Open Market Account.
5.	 Proposed revision to the Authorization for Domestic Open Market Operations (see
related memo dated January 22, 2010).
6.	 Review of the Authorization for Foreign Currency Operations, the Foreign Currency
Directive, and the Procedural Instructions with Respect to Foreign Currency
Operations (see related memo dated January 22, 2010).

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Class III FOMC – Internal (FR)

7. Financial developments, open market operations, and System facilities.
A.	 Report on market developments and operations.
B.	 Recommendations on the Primary Credit Facility and the Term Auction Facility
(see related memo dated January 19, 2010).
C.	 Committee discussion.
D.	 Briefing on strategies for removal of policy accommodation (see related memos
dated January 19 and January 22, 2010).
E.	 Committee discussion (see related memo dated January 24, 2010).
F.	 Action to ratify the open market transactions for the System account since the
December meeting.
8. Economic situation.
A.	 Staff report (Chart Show).
B.	 Committee discussion.
9. Current monetary policy.
A.	 Staff comments.
B.	 Committee discussion.
C.	 Action to adopt directive and statement.
10. Confirmation of the date for the next meeting (Tuesday, March 16, 2010).

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