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AGENDA
FEDERAL OPEN MARKET COMMITTEE
Tuesday, September 23, 1986 at 9:00 a.m.

1.

Approval of minutes of actions taken at the meeting of the
Federal Open Market Committee on August 19, 1986.

2.

Foreign currency operations.
A.
B.

3.

Report on operations since the meeting on August 19, 1986
Action to ratify transactions, if any, since August meeting.

Domestic open market operations.
A.

Report on operations since the meeting on August 19, 1986.

B.

Action to ratify transactions since August meeting.

4.

Further discussion of System operations in Treasury coupon issues.
(Note from Mr. Sternlight dated September 16, 1986).

5.

Economic situation and outlook.
A.
B.

6.

Staff report.
Committee discussion.

Current monetary policy and domestic policy directive.
A.
B.

Committee discussion

C.

7.

Staff comments.

Action to adopt policy directive.

Confirmation of date for next meeting (Wednesday, November 5, 1986).