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AGENDA
FEDERAL OPEN MARKET COMMITTEE
Wednesday, November 5, 1986 at 9:00 a.m.

1.

Approval of minutes of actions taken at the meeting of the
Federal Open Market Committee on September 23, 1986.

2.

Foreign currency operations.

3.

4.

5.

6.

A.

Report on operations since the meeting on September 23, 1986

B.

Action to ratify transactions, if any, since September meeting.

C.

Action to approve one-year extensions in swap line agreements.

Domestic open market operations.
A.

Report on operations since the meeting on September 23, 1986.

B.

Action to ratify transactions since September meeting.

Economic situation and outlook.
A.

Staff report.

B.

Committee discussion.

Current monetary policy and domestic policy directive.
A.

Staff comments.

B.

Committee discussion

C.

Action to adopt directive.

Confirmation of date for next meeting (Monday-Tuesday,
December 15-16, 1986).