1976 Memos
January 11

Opinion regarding Directive Subcommittee's recommendation to modify form of Domestic Directive (PDF)

January 13

Improvements in FOMC Operating Procedures: Preliminary Report (Stage II) (PDF)

January 30

Interim Staff Report: Stage II for the Subcommittee on the Directive (PDF)

February 2

Interim Staff Report: Stage II Section V -- Reappraisal of the Stage I Analysis, Results and Recommendations (PDF)

February 20

Optimal Control and the Policymaker (PDF)

February 25

Review of Major Committee Documents (PDF)

February 27

Call for an FOMC session on the Monday preceding the scheduled meeting on March 16 (PDF)

March 1

Annual Report to Congress on the Freedom of Information Act for the Year 1975 (PDF)

March 1

SOMA agrees to Bank of Italy drawing (PDF)

March 5

Annual Review of System Lending of Securities (PDF)

March 9

Limit on system holdings of special short-term certificates of indebtedness purchased directly from Treasury (PDF)

March 9

Changes in Bank Lending Practices February 15, 1976 (PDF)

March 11

Review of Major SOMA Documents (PDF)

March 12

Supplement to Stage II Report of the Subcommittee on the Directive (PDF)

March 31

FOMC Member and Officer Lists for 1976 (PDF)

April 20

Recent Italian Developments (PDF)

May 4

Money Multipliers (PDF)

May 12

Filtering Monetary data to determine the basic trend (PDF)

  • Filtered monetary data and the linking of short-run operating ranges and long-run monetary targets

May 14

System Open Market Operations in securities of FNMA (PDF)

  • Eligibility of FNMA obligations for purchase in the open market

May 20

Inventory Changes, Bank Loans and the Financing Gap (PDF)

May 24

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

June 4

Designation of Governor Partee as Chairman of Subcommittee on the Directive (PDF)

June 11

Report concerning international credit assistance to Britain (PDF)

June 11

The U.K.'s Economic Situation (PDF)

June 14

60-Month Auto Loans (PDF)

June 18

The effects of averaging single-month monetary aggregate forecast errors over longer periods, and the contribution to monthly forecasting errors of using forecasted rather than actual explanatory variables (PDF)

June 18

Delegation of responsibility concerning appeals of denials of access to FOMC records (PDF)

June 21

Legal challenge to Federal reserve bank presidents serving on FOMC (PDF)

  • Correspondence on legal challenge to Federal reserve bank presidents serving on FOMC

June 29

Resignation of economist Ralph Bryant (PDF)

July 27

Report of Meeting of Working Party Three (WP-3) (PDF)

July 27

Correspondence on the discontinuation of Memoranda of discussion (PDF)

August 16

The Scope of Residential Rent Control Laws (PDF)

August 18

Austrian National Bank inquiry into possible $250 million draw on swap line (PDF)

August 23

Formation of group to study virtually instant reporting of open market operations (PDF)

September 2

Rules Regarding Delegation of Authority (PDF)

  • Delegation of authority to the Secretary of the FOMC

September 20

Alternative "D" (PDF)

October 12

Procedures for Setting Longer Run Targets for Monetary Aggregates (PDF)

October 15

Formal FOMC votes on longer-run growth ranges (PDF)

October 21

Notation vote on reduction in Federal funds rate (PDF)

October 28

Notation vote on reduction in Federal funds rate (PDF)

November 2

Formal FOMC votes on longer-run growth ranges (PDF)

November 2

Re-appraisal of nonborrowed reserves on basis of staff experiment (PDF)

November 2

Telephone Conference meeting of FOMC (PDF)

November 3

Recent Regulatory Changes and Financial Innovations Affecting the Growth of the Monetary Aggregates (PDF)

November 8

September Increase in Private Housing Starts (PDF)

November 9

Report of examination of System Open Market Account (SOMA) (PDF)

November 10

Recommendations regarding last two paragraphs of domestic policy directive (PDF)

November 24

Subcommittee on agency issues (PDF)

December 8

Announcement of meeting start time and distribution schedule for agenda (PDF)

December 13

Status of paragraph 2 of authorization for domestic open market operations (PDF)

December 15

Re-appraisal of non-borrowed reserves on basis of staff experiment (PDF)

December 14

Subcommittee recommendations for revised foreign currency instruments (PDF)

December 17

Additional Subcommittee recommendations for revised foreign currency instruments (PDF)

December 28

Announcement of effective date of revisions to Foreign Currency Directive (PDF)

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Last Update: September 30, 2022