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AGENDA FEDERAL OPEN MARKET COMMITTEE Tuesday, March 27, 1990 at 9:00 a.m. 1. Approval of minutes of actions taken at the meeting of the Federal Open Market Committee on February 6-7, 1990. 2. Foreign currency operations. A. Report on operations since the meeting on February 6-7, 1990. B. Action to ratify transactions since February meeting. 3. Domestic open market operations. A. Report on operations since the meeting on February 6-7, 1990. B. Action to ratify transactions since February meeting. 4. Economic situation. A. Staff report on economic situation. B. Committee discussion. 5. Current monetary policy and domestic policy directive. A. Staff comments. B. Committee discussion. C. Action to adopt directive. 6. Discussion of Task Force materials on System foreign currency operations. 7. Confirmation of date for next meeting (Tuesday, May 15, 1990 (p.m.))