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AGENDA FEDERAL OPEN MAKET COMMITTEE TUESDAY, MAY 18, 1999 1. Approval of the minutes for the March 30, 1999 meeting. 2. Foreign currency and domestic open market operations. A. Report on foreign exchange markets developments. B. Report on domestic market developments and actions to ratify the open market transactions for System account since the meeting on March 30, 1999. C. Renewal of reciprocal currency arrangements with Canada and Mexico. 3. Economic situation. A. Staff report on economic situation. B. Committee discussion. 4. Current monetary policy. A. Staff comments. B. Committee discussion. C. Action to adopt directive. 5. Confirmation of date for next meeting (Tuesday, June 29-30, 1999.)
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