1988

1988 Memos
February 3

Supplementary Greenbook Information from FRB Boston and FRB New York (PDF)

February 5

Attached Paper on Monetary Base (PDF)

  • The Monetary Base as an Intermediate Target

March 23

Supplementary Greenbook Information from FRB Boston and FRB New York (PDF)

March 23

Agenda Item 6 for March 29 Meeting (PDF)

March 25

Issues in the Implementation of Open Market Operations (PDF)

March 28

Board's Program for Commemoration 75th Anniversary of the Federal Reserve (PDF)

  • Proposed Elements for Board's 75th Anniversary Commemoration Program

April 6

Review of Major Committee Documents (PDF)

April 6

FOMC Member and Officer Lists for 1988 (PDF)

April 8

Addition of monetary base discussion to agenda (PDF)

April 26

New date for "July" meeting (PDF)

May 10

Comments on the Proposed Adoption of a Monetary Base Growth Constraint (PDF)

May 11

Memos on Monetary Base - Agenda Item 6 (PDF)

  • Role of the Monetary Base In Monetary Policy

May 23

FOMC Brief in Melcher Lawsuit (PDF)

  • Opposition to petition for Supreme Court review in Melcher lawsuit
  • On Petition for a Writ of Certiorari to the United States Court of Appeals for the District of Columbia Circuit

June 22

Supplementary Greenbook Information from FRB Boston and FRB New York (PDF)

June 24

Group Picture (PDF)

July 25

Vote Request: Outright Purchase of Yen by ESF and Federal Reserve System (PDF)

July 27

Yen Purchases from Japanese Ministry of Finance (PDF)

  • Outright Purchase of Yen by ESF and Federal Reserve System

July 27

Request for advise on swap with Bank of Mexico (PDF)

  • Termination of Liberalized Terms for Lending Securities to Dealers

August 10

Supplementary Greenbook Information from FRB Boston and FRB New York (PDF)

August 15

Contingency Plans for Lending to Troubled Thrifts (PDF)

September 16

Effects of Interest Rate Changes on Household Cash Flows (PDF)

  • Interest Rates and Household Cash Flow

October 3

1989 Meeting Schedule (PDF)

October 26

Memorandum on bridge loans and the economic situation in Mexico (PDF)

  • Assessment of the Mexican Economic Situation and Prospects

October 26

Supplementary Greenbook Information from FRB Boston and FRB New York (PDF)

December 7

Supplementary Greenbook Information from FRB Boston and FRB New York (PDF)

December 9

Memorandum on discount window borrowing and the federal funds rate (PDF)

  • Recent Experience with Borrowing and the Federal Funds Rate and the Implementation of Open Market Operations
  • The Recent Discount Window Borrowing Shortfall
  • Results of Conference Call of Discount Officers

December 14

Proposed directive language (PDF)

December 28

Correspondence and memorandum on the monetary base (PDF)

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Last Update: March 22, 2024