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AGENDA
FEDERAL OPEN MARKET COMMITTEE

Tuesday, May 24, 1983, at 9:00 a.m.

1.

Approval of minutes of actions taken at the meeting of the

Federal Open Market Committee on March 28-29, 1983.

2. Foreign currency operations
A.

Report on operations since the meeting on March 28-29, 1983.

B. Action to ratify transactions, if any, since the meeting on
March 28-29, 1983.

3. Domestic open market operations
A. Report on operations since the meeting on March 28-29, 1983.
B. Action to ratify transactions since the meeting on March 28-29, 1983.

4. Staff report on economic situation.

5. Committee discussion of economic situation and policy implications.

6. Interim review of long-run objectives
A.

Comments by Staff Director.

B. Committee discussion.

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7.

8.

Current monetary policy and domestic policy directive.
A.

Comments by Staff Director.

B.

Committee discussion.

C.

Action to adopt policy directive.

Confirmation of date for next meeting (Tuesday-Wednesday,
July 12-13, 1983).