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AGENDA FEDERAL OPEN MAKET COMMITTEE Tuesday, October 5, 1999 at 9:00 a.m. 1. Approval of the minutes for the August 24, 1999 meeting. 2. Foreign currency and domestic open market operations. A. Report on foreign exchange market developments. B. Report on domestic market developments and action to ratify the open market transactions for System account since the meeting on August 24, 1999. 3. Economic situation. A. Staff report on economic situation. B. Committee discussion. 4. Current monetary policy. A. Staff comments. B. Committee discussion. C. Action to adopt directive. 5. Confirmation of date for next meeting (Tuesday, November 16, 1999.)