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Authorized for Public Release Class III FOMC – Internal (FR) AGENDA FEDERAL OPEN MARKET COMMITTEE Tuesday, March 17, 2015, at 10:30 a.m. and continuing on Wednesday, March 18, 2015, at 9:00 a.m. 1. Financial developments and open market operations. A. Staff report on market developments and operations. B. Action on authorization for quarter-end term RRP operations. (See background material distributed on March 6, 2015.) C. Action to ratify the open market transactions for the System account since the January meeting. 2. Normalization tools. (See background material distributed on March 6, 2015.) A. Staff report. B. Committee discussion. 3. Economic and financial situation. A. Staff report. B. 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, April 28–29, 2015). -1-