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AGENDA
FEDERAL OPEN MARKET COMMITTEE
Tuesday, May 16, 1989 at 9:00 a.m.

1. Approval of minutes of actions taken at the meeting of the
Federal Open Market Committee on March 28, 1989.
2. Foreign currency operations.
A. Report on operations since the meeting on March 28, 1989.
B. Action to ratify transactions since March meeting.
3. Domestic open market operations.
A. Report on operations since the meeting on March 28, 1989.
B. Action to ratify transactions since March 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. Confirmation of date for next meeting (Wednesday-Thursday,
July 5-6, 1989)