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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. -2- 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).