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AGENDA
FEDERAL OPEN MARKET COMMITTEE
Tuesday, September 22, 1987 at 9:00 a.m.

1.

Approval of minutes of actions taken at the meeting of the
Federal Open Market Committee on August 18, 1987.

2.

Foreign currency operations.

3.

4.

5.

6.

A.

Report on operations since the meeting on August 18, 1987.

B.

Action to ratify transactions since the August meeting.

Domestic open market operations.
A.

Report on operations since the meeting on August 18, 1987.

B.

Action to ratify transactions since the August meeting.

Economic situation.
A.

Staff report on economic situation.

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 (Tuesday, November 3, 1987).