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AGENDA
FEDERAL OPEN MARKET COMMITTEE
Tuesday, March 28, 1995 at 9:00 a.m.

1.

Approval of the minutes for the January 31-February 1, 1995,
meeting.

2.

Delegation of responsibility for decisions on appeals under the
Freedom of Information Act of denials of access to Committee
(Memorandum from Mr. Bernard dated March 22, 1995.)
records.

3.

Election of Deputy General Counsel from Federal Reserve Bank of
New York and election of associate economist from Federal
Reserve Bank of Chicago.

4.

Review of Committee's "Program for Security of FOMC Information".
(Memorandum from Mr. Bernard dated March 22, 1995.)

5.

Review of authorization for domestic open market operations.

6.

Review of (a) foreign currency authorization, (b) foreign currency
directive and (c) procedural instructions with respect to foreign
currency operations, including review of "warehousing" authority
(Memorandum from Mr. Truman dated
incorporated in (a) and (b).
March 21, 1995.)

7.

Foreign currency and domestic open market operations.

8.

9.

A.

Report on market developments and operations since the
meeting on January 31-February 1, 1995.

B.

Action to ratify foreign currency transactions since the
meeting.

C.

Action to ratify domestic open market transactions since
the meeting.

Economic situation.
A.

Staff report on economic situation.

B.

Committee discussion.

Current monetary policy.
A.

Staff comments.

B.

Committee discussion.

C.

Action to adopt directive.

10. Confirmation of date for next meeting (Tuesday, May 23,

1995.)