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AGENDA FEDERAL OPEN MARKET COMMITTEE Tuesday, May 18, 1982, at 9:00 a.m. 1. Approval of minutes of actions taken at the meeting of the Federal Open Market Committee on March 29-30, 1982. 2. Acceptance of Report of Examination of System Open Market Account (distributed April 30, 1982). 3. Report on foreign currency operations since the meeting on March 29-30, 1982. 4. Domestic open market operations. A. Report on operations since the meeting on March 29-30, 1982. B. Action to ratify transactions since the meeting on March 29-30, 1982. 5. Staff report on economic situation. 6. Comments by Staff Director. 7. Committee discussion of economic situation and policy implications. -2- 8. Current monetary policy and domestic policy directive. A. B. 9. Committee discussion. Action to adopt policy directive. Confirmation of date for next meeting (Thursday, July 1, 1982).
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