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AGENDA FEDERAL OPEN MARKET COMMITTEE Tuesday, July 7, 1987 at 10:30 a.m. 1. Approval of minutes of actions taken at the meeting of the Federal Open Market Committee on May 19, 1987. 2. Foreign currency operations. 3. 4. 5. 6. 7. A. Report on operations since the meeting on May 19, 1987. B. Action to ratify transactions since the May meeting. Domestic open market operations. A. Report on operations since the meeting on May 19, 1987. B. Action to ratify transactions since the May meeting. Economic situation. A. Staff report on economic situation B. Committee discussion. (Chart Show). Longer-run ranges for monetary policy. A. Staff comments. B. Committee discussion and actions on longer-run ranges. 1. Review of ranges for 1987. 2. Establishment of tentative ranges for 1988. 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, August 18, 1987).
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