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Authorized for Public Release Class III FOMC – Internal (FR) AGENDA FEDERAL OPEN MARKET COMMITTEE Tuesday, July 25, 2017, at 1:00 p.m. and continuing on Wednesday, July 26, 2017, at 9:00 a.m. 1. Selection of Mark E. Van Der Weide as General Counsel. 2. Financial developments and open market operations. A. Staff report on market developments and operations. B. Action to ratify the open market transactions for the System account since the June meeting. 3. Economic and financial situation. A. Staff report. B. Opportunity for Committee participants to comment on financial stability issues. (See memo dated July 14, 2017.) C. Committee discussion of economic developments and outlook. 4. Current monetary policy. A. Staff comments. B. Committee discussion. C. Action to adopt directive and statement. 5. Confirmation of the date for the next meeting (Tuesday–Wednesday, September 19– 20, 2017). -1-