1978 Memos
January 11

Notation vote on increase in limit on change in open position during intermeeting period (PDF)

January 13

Procedure with respect to longer-run ranges (PDF)

January 26

Report examining System Open Market Account (PDF)

February 7

Federal Government Commodity Stockpiling Activities (PDF)

February 10

Change in FOMC meeting date (PDF)

February 15

Notation vote on increase in intermeeting domestic open market operations limit (PDF)

February 17

Foreign Currency Subcommittee increase in intermeeting limits (PDF)

February 22

Annual Report to Congress on the Freedom of Information Act for 1977 (PDF)

March 6

Monetary growth target ranges extension (PDF)

March 10

Notation vote to delegate authority to Chairman Miller to negotiate an increase in the System's swap arrangement with the German Federal bank (PDF)

March 13

Foreign Currency Subcommittee Authorizes Increase in Daily Gross Transactions (PDF)

March 14

Agreement to warehouse foreign currencies for ESF (PDF)

  • Correspondence on Agreement to warehouse foreign currencies for ESF

March 14

Annual review of System lending of Securities (PDF)

  • Review of System Lending of Securities

March 14

Suspension of daily limits in a single foreign currencies by Foreign Currency Subcommittee (PDF)

March 16

Bearer Certificates of Deposit (PDF)

March 29

Support to extend aggregate targets to three years (PDF)

April 3

Continuation of joint operations in German marks (PDF)

April 11

Quantitative economic projections (PDF)

April 11

Enclosed lists of members/officers and domestic and foreign ops authorizations and procedural instructions (PDF)

April 12

Attached letters regarding quarterly reports to Congress (PDF)

April 12

Advisability of setting 3-year monetary growth ranges (PDF)

May 9

Proposed System Account Sales of Federal Agency Securities (PDF)

May 9

Increase in daily and intermeeting limits in foreign currencies by Foreign Currency Subcommittee [Missing attachments] (PDF)

May 11

Proposed modification in language of the FOMC directive (PDF)

May 12

Foreign Currency Subcommittee authorizes increase in intermeeting limit (PDF)

May 12

Status of Negotiation with Bundesbank on Means of Repayment of Swap Drawings (PDF)

May 23

Foreign Currency Subcommittee authorizes increase in intermeeting gross transactions (PDF)

May 31

Foreign Currency Subcommittee authorizes increase in intermeeting gross transactions in a single currency (PDF)

June 7

Proposed modification of directive language (PDF)

June 15

Recommendations with Respect to Procedural Instructions (PDF)

June 15

Notation vote on maintaining the current federal funds target (PDF)

June 16

Telephone Security (PDF)

July 3

Support to change monetary policy in terms of monetary base (PDF)

July 13

One Year Money Growth Targets (PDF)

July 13

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

July 14

Impacts of Alternative Monetary Growth Rates (PDF)

August 7

Review of Major Committee Documents (PDF)

August 23

Statements showing volume of transactions in U.S. government and Federal agency securities (PDF)

  • System transactions in U.S. government and Federal agency securities

September 29

FOMC Meeting Schedule, 1978 (PDF)

September 29

Recent Trends in New Orders for Durable Goods (PDF)

October 3

Dr. Gleske's Proposals to Amend Swap Arrangement (PDF)

October 6

Notation vote on increase in intermeeting domestic open market operations limit (PDF)

October 11

Suspension of Daily Limits in Foreign Currencies by Foreign Currency Subcommittee (PDF)

October 13

Impacts of Alternative Monetary Growth Rates (PDF)

October 16

Summary of Omnibus banking bill (PDF)

October 16

Humphrey-Hawkins and Monetary Policy (PDF)

October 19

Suspension of Daily Limits in Foreign Currencies by Foreign Currency Subcommittee (PDF)

October 24

Subcommittee review of impact of Humphrey-Hawkins Act (PDF)

October 26

Foreign Currency Subcommittee Authorizes Increase in Daily Gross Transactions (PDF)

November 7

FOMC meeting schedule for 1979 (PDF)

November 9

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

November 20

Notice of Supreme Court's scheduling of Merrill litigation arguments (PDF)

November 21

Foreign Currency Subcommittee approval of suspension of daily and intermeeting limits (PDF)

December 1

Report on Meeting of Working Party Three (PDF)

December 6

Release of FOMC memoranda of discussion for 1973 (PDF)

  • Passage recommended for deletion when FOMC memoranda of discussion for 1973 are initially released

December 8

Improving Control Over M-1 Growth (PDF)

December 8

Notation vote on instructions to the Desk on the intermeeting federal funds rate (PDF)

December 13

Implications of Full Employment and Balanced Growth Act of 1978 for FOMC Aggregate Targeting Procedures (PDF)

December 14

Notation vote to amend paragraph 1A of the authorization for foreign currency operations, and warehouse foreign currencies (PDF)

December 19

Foreign Currency Subcommittee suspended the daily limit in the System's position in all and single foreign currencies (PDF)

Back to Top
Last Update: August 13, 2021