• Embed Doc
  • Copy Link
  • Readcast
  • Collections
  • CommentGo Back
Download
 
PREFATORY NOTE
These transcripts have been produced from the original raw
transcripts in the FOMC Secretariat's files. The Secretariat has
lightly edited the originals to facilitate the reader's understanding.
Where one or more words were missed or garbled in the transcription,
the notation "unintelligible" has been inserted. In some instances,
words have been added in brackets to complete a speaker's thought or
to correct an obvious transcription error or misstatement.
Errors undoubtedly remain. The raw transcripts were not
fully edited for accuracy at the time they were produced because they
were intended only
as
an
aid
to the Secretariat in preparing the
records of the Committee's policy actions. The edited transcripts
have not been reviewed by present or past members of the Committee.
Aside from the editing to facilitate the reader's
understanding, the only deletions involve a very small amount of
confidential information regarding foreign central banks, businesses.
and persons that are identified or identifiable. Deleted passages are
indicated by gaps in the text. All information deleted in this manner
is exempt from disclosure under applicable provisions of the Freedom
of Information Act.
 
Meeting
of
the Federal Open Market CommitteeNovember
5,
1986
A
meeting
of
the Federal Open Market Committee was held
in
the offices of the Board of Governors
of
the Federal Reserve System
in
Washington,
D.
C.,
on Wednesday, November
5,
1986,
at
9:OO a.m.PRESENT:
Mr.
Volcker, Chairman
Mr.
Corrigan, Vice Chairman
L/
Mr.
Angel1
Mr.
Guffey
Mr.
Heller
Mrs.
Horn
Mr.
Johnson
Mr.
Melzer
Mr.
Morris
Mr.
Rice
Ms.
Seger
Messrs.
Boehne, Boykin, Keehn, and Stern, AlternateMembers of the Federal Open Market CommitteeMessrs. Black, Forrestal, and Parry, Presidents of the FederalReserve Banks of Richmond, Atlanta, and San Francisco,respectively
Mr.
Bernard, Assistant Secretary
Mr.
Bradfield, General Counsel
Mr.
Truman, Economist (International)
Messrs. Balbach,
J.
Davis,
R.
Davis,
T.
Davis,Kohn,
Ms.
Munnell, Messrs. Prell and Siegman,Associate Economists
Mr.
Sternlight, Manager for Domestic Operations, SystemOpen Market Account
Mr.
Cross, Manager for Foreign Operations, SystemOpen Market Account
-
/
Entered the meeting after action to approve
minutes
for meetingof September
23,
1986.
 
11/5/86
-2-
Mr.
Coyne, Assistant to
the
Board, Board of Governors
Mr
Roberts, Assistant
to
the Chairman, Board of Governors
Mr.
Gemmill,
Staff Adviser, Division of InternationalFinance, Board of Governors
MKS.
Loney, Economist, Office
of
the Staff
Director
forMonetary and Financial Policy,Board of Governors
Messrs.
Simpson and Slifman, Deputy Associate Directors,Division of Research and Statistics,Board of Governors
Mrs.
Low, Open Market Secretariat Assistant,Board of Governors
Messrs.
Broaddus, Rolnick, Rosenblum, and
Ms.
Tschinkel,Senior
Vice
Presidents, Federal Reserve Banks ofRichmond, Minneapolis, Dallas, and Atlanta,respectively
Mr.
Beebe and
Ms.
Clarkin,
Vice
Presidents, Federal ReserveBanks of San Francisco and New York, respectively
Ms.
Gonczy, Assistant
Vice
President, Federal Reserve Bankof Chicago
Mr.
Meyer,Research Officer, Federal Reserve Bank ofPhiladelphia
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...