FOMC Minutes

Meeting of Federal Open Market Committee April 19, 1968 MINUTES OF ACTIONS A meeting of the Federal Open Market Committee was held on Friday, April 19, 1968, at 2:15 p.m., at the call of Chairman Martin. This was a telephone conference meeting, and each individual was in Washington, D. C., except as otherwise indicated in parentheses in the following list of those participating: PARTICIPATING: Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Mr. Martin, Chairman Hayes, Vice Chairman Brimmer Daane Ellis Galusha Hickman Kimbrel Maisel Mitchell Robertson (New York) (Lincoln, Nebraska) (Wellesley, Mass.) (Minneapolis) (Cleveland) (Atlanta) Mr. Holland, Secretary Mr. Sherman, Assistant Secretary Mr. Kenyon, Assistant Secretary Mr. Broida, Assistant Secretary Mr. Hexter, Assistant General Counsel Mr. Brill, Economist Messrs. Axilrod, Hersey, Kareken (Minneapolis), Mann (Cleveland), Reynolds, Solomon, and Taylor (Atlanta), Associate Economists Mr. Bernard, Special Assistant, Office of the Secretary, Board of Governors Miss Eaton, General Assistant, Office of the Secretary, Board of Governors Miss McWhirter, Analyst, Office of the Secretary, Board of Governors -2 4/19/68 Mr. MacDonald, First Vice President, Federal Reserve Bank of Cleveland (Cleveland) Mr. Eisenmenger, Vice President, Federal Reserve Bank of Boston (Wellesley) Mr. Sternlight, Vice President, Federal (New York) Reserve Bank of New York Mr. Bodner, Assistant Vice President, Federal Reserve Bank of New York (New York) By unanimous vote, the Federal Reserve Bank of New York was authorized and directed, until otherwise directed by the Committee, to execute transactions in the System Account in accordance with the following current economic policy directive: System open market operations until the next meeting of the Committee shall be conducted with a view to achieving firmer but maintaining orderly conditions in the money market, while facilitating market adjustments to the increase in Federal Reserve discount rates. It was agreed that the next meeting of the Committee would be held on Tuesday, April 30, 1968, at 9:30 a.m. The meeting adjourned. Secretary

Federal Reserve (1968, April 18). FOMC Minutes. Fomc Minutes, Federal Reserve. https://whenthefedspeaks.com/doc/fomc_minutes_19680419

@misc{wtfs_fomc_minutes_19680419,
  author = {Federal Reserve},
  title = {FOMC Minutes},
  year = {1968},
  month = {Apr},
  howpublished = {Fomc Minutes, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/fomc_minutes_19680419},
  note = {Retrieved via When the Fed Speaks corpus}
}