1971 Memos
January 4

Monetary Aggregates and Money Market Conditions in Open Market Policy (PDF)

January 11

Matched-sale purchase transactions and Euro-dollars (PDF)

  • Legality of "matched sale-purchase transactions" to induce banks to retain Euro-dollar holdings

January 19

Matched sale-purchase transactions to help moderate Euro-dollar repayments (PDF)

January 28

Monetary Aggregates and Money Market Conditions in Open Market Policy (PDF)

January 29

Expression of views on MSP contingency plan (PDF)

March 4

Review of System lending of Government securities (PDF)

March 5

Membership of Federal Reserve Bank Presidents on FOMC (PDF)

  • Comparative Economic Data by District, 1942 and 1970

March 5

Agenda item on access to FOMC minutes and other records (PDF)

March 16

Review of Major Committee Documents (PDF)

March 24

Memoranda on Federal agency issues (PDF)

  • Federal Reserve Open Market Operations in Federal Agency Issues
  • Exchange of maturing Federal agency issues for new issues

April 2

Proposed letter to dealers regarding dissemination of information about Desk transactions (PDF)

April 5

Revision to alternative D in April 5, 1971, Bluebook (PDF)

May 5

System operations in forward marks (PDF)

June 4

Proposed draft letter on the discount rate (PDF)

June 25

Proposed draft letter on the discount rate (PDF)

July 29

Revised version of "A Reserve Flow Target as a Short-Run Tactical Approach for Open Market Operations" (PDF)

August 6

Outright System Operations in Federal Agency Issues (PDF)

August 10

Interim Report of the Committee on the Directive (PDF)

September 16

System lending of Government securities (PDF)

October 8

President Nixon's Post-Freeze Economic Stabilization Program (PDF)

  • Background Paper on Post-Freeze Economic Stabilization Program
  • Remarks of the President on Nationwide Radio and Television: The Continuing Fight Against Inflation

October 13

FOMC meeting schedule for 1972 (PDF)

October 21

Tentative Position of Joint Treasury-Federal Reserve Staff Committee Regarding GAO Study of Dealer Statistics (PDF)

December 7

Release of 1966 FOMC minutes (PDF)

December 9

Comments on EPC Meeting of November 18-19, 1971 (PDF)

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Last Update: September 30, 2022