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AGENDA
FEDERAL OPEN MARKET COMMITTEE
Tuesday, June 30, 1992 at 2:30 p.m.
and continuing on
Wednesday, July 1, 1992 at 9:00 a.m.
1.

Approval of minutes of actions taken at the meeting of the
Federal Open Market Committee on May 19, 1992.

2.

Foreign currency operations.

3.

4.

5.

6.

7.

A.

Report on operations since the meeting on May 19, 1992.

B.

Action to ratify transactions, if any, since May meeting.

Domestic open market operations.
A.

Report on operations since the meeting on May 19, 1992.

B.

Action to ratify transactions since May meeting.

Economic situation.
A.

Staff report on economic situation (Chart Show).

B.

Committee discussion.

Longer-run ranges for monetary policy.
A.

Staff comments.

B.

Committee discussion and actions on longer-run ranges.
1.

Review of ranges for 1992.

2.

Establishment of tentative ranges for 1993.

Current monetary policy.
A.

Staff comments.

B.

Committee discussion.

C.

Action to adopt directive.

Confirmation of date for next meeting (Tuesday, August 18, 1992)