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Class III FOMC - Internal (FR)

AGENDA

FEDERAL OPEN MARKET COMMITTEE

Wednesday, June 28, 2006 at 2:00 p.m.

and continuing on

Thursday, June 29, 2006 at 9:00 a.m.

1. Action to approve FOIA plan and delegation. (See memo from Scott Alvarez and
Deborah Danker dated June 19, 2006.)
2. 	 Foreign currency and domestic open market operations.
A. 	Report on market developments.
B. 	 Action to ratify the open market transactions for the System account since the
May meeting.
3. 	Economic situation.
A. 	 Staff report (Chart Show).
B. 	 Committee discussion.
4. 	Current monetary policy.
A. 	 Staff comments.
B. 	 Committee discussion
C. 	 Action to adopt directive.
5. Update from subcommittee on communications.
6. 	 Discussion of meeting format. (See forthcoming memo.)
7. 	 Confirmation of the date for next meeting (Tuesday, August 8, 2006).