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AGENDA
FEDERAL OPEN MARKET COMMITTEE
Wednesday, June 30, 1982, at 3:00 p.m.
and continuing on
Thursday, July 1, 1982, at 9:00 a.m.

1.

Approval of minutes of actions taken at the meeting of the Federal
Open Market Committee on May 18, 1982.

2.

Longer-run ranges for monetary aggregates.

3.

4.

A.

Staff report on economic situation.

B.

Committee discussion of economic situation and implications
for longer-run ranges.

C.

Action to establish longer-run ranges.

Foreign currency operations.
A.

Report on foreign currency operations since the meeting on
May 18, 1982.

B.

Action to ratify transactions since meeting on May 18, 1982.

Domestic open market operations.
A.

Report on operations since the meeting on May 18, 1982.

B.

Action to ratify transactions since the meeting on May 18, 1982.

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5.

6.

Current monetary policy and domestic policy directive.
A.

Comments by Staff Director.

B.

Committee discussion.

C.

Action to adopt policy directive.

Confirmation of date for next meeting (Tuesday, August 24, 1982).