View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

CONFIDENTIAL (FR)
Matters for consideration at the meeting of the Federal Open Market
Committee to be held on Tuesday, October 4, 1966, at 9:30 a.m.

1. Approval of the minutes of the meetings of the Federal Open Market
Committee held on August 23 and September 13, 1966.
2. Reports of audit of the System Open Market Account and foreign currency transactions made by the Board's Division of Examinations as
at May 13, 1966, and transmitted by Mr. Schaeffer, Chief, Federal
Reserve Examiner.
3. Report by the Special Manager for foreign currency operations on
such operations since the meeting of the Federal Open Market Committee on September 13, 1966; action with respect to transactions
during such period; and consideration of recommendations of the
Special Manager.
4. Report by the Manager of the System Open Market Account on open
market operations since the meeting of the Federal Open Market
Committee on September 13, 1966; and action with respect to transactions during such period.
5. Reports on economic and financial developments.
6. Discussion of factors bearing on monetary and credit policy, and
derivation of consensus regarding open market operations in the
forthcoming period.
7. Current economic policy directive to the Federal Reserve Bank of
New York. (Copy of September 13, 1966, directive attached.)
8.

Confirmation of date for next meeting (November 1, 1966).

Attachment