Academic journal article Federal Reserve Bulletin

Minutes of the Federal Open Market Committee Meeting

Academic journal article Federal Reserve Bulletin

Minutes of the Federal Open Market Committee Meeting

Article excerpt

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 Tuesday, February 2, 1993, at 2:30 p.m. and was continued on Wednesday, February 3, 1993, at 9:00 a.m. Present:

Mr. Greenspan, Chairman

Mr. Corrigan, Vice Chairman

Mr. Angell

Mr. Boehne

Mr. Keehn

Mr. Kelley

Mr. LaWare

Mr. Lindsey

Mr. McTeer

Mr. Mullins

Ms. Phillips

Mr. Stem

Messrs. Broaddus, Jordan, Forrestal, and Parry,

Alternate Members of the Federal Open

Market Committee

Messrs. Hoenig, Melzer, and Syron, Presidents

of the Federal Reserve Banks of Kansas City,

St. Louis, and Boston respectively

Mr. Kohn, Secretary and Economist

Mr. Bernard, Deputy Secretary

Mr. Coyne, Assistant Secretary

Mr. Gillum, Assistant Secretary

Mr. Mattingly, General Counsel

Mr. Patrikis,(1) Deputy General Counsel

Mr. Prell, Economist

Mr. Truman, Economist

Messrs. R. Davis, Lang, Lindsey, Promisel,

Rosenblum, Scheld, Siegman, Simpson,

and Slifman, Associate Economists

Mr. McDonough, Manager of the System Open

Market Account

Ms. Greene, Deputy Manager for Foreign

Operations

Ms. Lovett,(2) Deputy Manager for Domestic

Operations

Mr. Ettin, Deputy Director, Division of Research

and Statistics, Board of Governors

Mr. Stockton, Associate Director, Division of

Research and Statistics, Board of Governors

Mr. Madigan, Assistant Director, Division of

Monetary Affairs, Board of Governors

Mr. Brady,(3) Section Chief, Division of Monetary

Affairs, Board of Governors

Mr. Rosine,(3) Senior Economist, Division of

Research and Statistics, Board of Governors

Mr. Wiles,(4) Secretary of the Board, Office of the

Secretary, Board of Governors

Mr. Winn,(4) Assistant to the Board, Office of Board

Members, Board of Governors

Ms. Werneke,(4) Special Assistant to the Board,

Office of Board Members, Board of Governors

Mr. Siciliano,(4) Special Assistant to the General

Counsel, Legal Division, Board of Governors

Ms. Low, Open Market Secretariat Assistant,

Division of Monetary Affairs, Board of

Governors

Messrs. Beebe, T. Davis, Dewald, Goodfriend, and

Ms. Tschinkel, Senior Vice Presidents,

Federal Reserve Banks of San Francisco,

Kansas City, St. Louis, Richmond, and

Atlanta respectively

Mr. McNees, Vice President, Federal Reserve Bank

of Boston

Mr. Gavin, Assistant Vice President, Federal

Reserve Bank of Cleveland

Mr. Weber, Senior Research Officer, Federal

Reserve Bank of Minneapolis

Ms. Meulendyke, Manager, Open Market

Operations, Federal Reserve Bank of

New York

The Secretary reported that advices of the election of the Reserve Bank members and alternate members of the Federal Open Market Committee for the period commencing January 1, 1993, and ending December 31, 1993, had been received and that these individuals had executed their oaths of office. The elected members and alternate members were as follows: E. Gerald Corrigan, President of the Federal Reserve

Bank of New York, with James H. Oltman, First

Vice President of the Federal Reserve Bank of New

York, as alternate; Edward G. Boehne, President of the Federal Reserve

Bank of Philadelphia, with J. Alfred Broaddus, Jr.,

President of the Federal Reserve Bank of Richmond,

as alternate; Silas Keehn, President of the Federal Reserve Bank of

Chicago, with Jerry L. …

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