1975 Memos
January 17

Communiqué of the Ministerial Meetings of the Group of Ten in Washington on 14th and 16th January, 1975 (PDF)

January 21

Report to the Federal Open Market Committee on International Monetary Meetings (January 1975) (PDF)

  • Communiqué of the Ministerial Meetings of the Group of Ten in Washington on 14th and 16th January, 1975
  • Press Communiqué of the Interim Committee of the Board of Governors on the International Monetary System

February 4

Special session contemplated in connection with FOMC meeting on February 19, 1975 (PDF)

February 5

Notation vote on reducing the lower limit of the funds rate constraint (PDF)

February 7

Charts on Selected Money Stock Measures, as referred to by Chairman Burns (PDF)

  • Selected Money Stock Measures

February 10

Chairman Burns's meeting with Presidents Klasen and Leutwiler (PDF)

February 18

Recommended change in FOMC Regulation to conform with recent amendment in domestic authorization (PDF)

March 11

Proposed reduction in lag for FOMC policy records (PDF)

March 11

Recommendation for System Operations in Finance Bills (PDF)

  • Recommendation for System Operations in Finance Bills
  • Finance Acceptances: A Survey of Commercial Bank Attitudes and Experiences
  • Recommendations on Desk Operations in Bankers' Acceptances
  • Recommended Changes in the FOMC Authorization to the Federal Reserve Bank of New York Regarding Desk Operations in Bankers' Acceptances
  • Proposed actions with respect to bankers' acceptances
  • Revocation of Regulation B and C regarding bank acceptances

March 11

Recommendation Regarding Agency Guidelines (PDF)

March 11

Recommendations on System Lending of Securities (PDF)

March 11

Revised: Improvements in the Directive: Stage I (PDF)

March 12

Review of System Lending of Securities (PDF)

March 14

Report on Working Party Three (WP-3) (PDF)

March 17

Charts on money supply, M1 and M2, and longer-run growth rates (PDF)

March 17

Review of Factors Underlying Recent Dollar Decline and Implications for Federal Reserve Intervention Policies (PDF)

March 28

Review of Major Committee Documents (PDF)

March 31

Special session of the April 1975 FOMC meeting to be held on Monday, April 14 (PDF)

April 3

Changes in OPEC countries' valuation of their currencies (PDF)

April 9

Proposed Revision of Procedures for Allocation of Securities in System Open Market Account (PDF)

April 10

Proposed procedures with respect to the concurrent resolution (PDF)

  • Concurrent Resolution
  • Specimen Directive
  • FOMC Response to the Congressional Resolution on Monetary Policy

April 11

Correspondence on Information on recent System intervention in exchange markets (PDF)

May 2

Exchange Market Implications of Recent Changes in Valuation of OPEC Currencies (PDF)

May 9

Congressional request for FOMC memoranda of discussion (PDF)

May 13

Expanded Desk Buying of Coupon Issues (PDF)

May 13

Second Report of Staff Committee on Repurchase Agreements (PDF)

May 14

Foreign Account Repurchase Agreements Handled by the Trading Desk (PDF)

May 16

Freedom of Information Act suit against the Federal Open Market Committee (PDF)

May 19

Handling of numerical specifications in the FOMC policy record (PDF)

June 2

Suggestion with respect to first-stage report of Subcommittee on Directive (PDF)

June 3

Lending of Securities from System Account Portfolio (PDF)

June 11

Correction to "Recommendation for System Operations in Finance Bills" (PDF)

  • Recommendation for System Operations in Finance Bills

July 30

Notes on Meeting of Bank for International Settlements, Basle - July 7, 1975 (PDF)

August 13

Mexican Request for an Increase in its Swap Arrangement with the Federal Reserve System and for a Drawing on the Swap (PDF)

September 11

Proposed transfer to National Archives of pre-1955 FOMC files (PDF)

  • Federal Open Market Committee Records Proposed for Transfer to the National Archives

September 11

Meeting of Working Party 3, September 5, 1975 (PDF)

September 23

Review of Major Committee Documents (PDF)

September 23

August 15 Survey of Changes in Bank Lending Practices (PDF)

October 21

Report on BIS Meeting - October 13, 1975 (PDF)

November 18

Summary on BIS Meeting: November 9-10, 1975 (PDF)

November 26

Sales and inventory-situations of eight retail store chains (PDF)

December 18

Corporate Profits (PDF)

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Last Update: March 30, 2021