Full text of Federal Open Market Committee Meeting Minutes, Transcripts, and Other Documents : Meeting, May 20, 1997 : Agenda

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AGENDA
FEDERAL OPEN MARKET COMMITTEE
Tuesday, May 20, 1997 at 9:00 a.m.

1997, meeting.

1.

Approval of the minutes for the March 25,

2.

Foreign currency and domestic open market operations.
A.

B.

3.

Report on foreign exchange market developments and
action to ratify the foreign currency transactions
for System account, if any, since the meeting on
March 25, 1997.
Report on domestic market developments and action to
ratify the open market transactions for System account
since the meeting on March 25, 1997.

Economic situation.
A.
B.

4.

Staff report on economic situation.
Committee discussion.

Current monetary policy.
A.
B.

Committee discussion.

C.
5.

Staff comments.

Action to adopt directive.

Confirmation of date for next meeting (Tuesday-Wednesday,
July 1-2, 1997).