That list includes announcing actions -- and the reasons underlying them -- within the day that the decisions are made and providing complete transcripts of meetings with a five year lag. We continue to release a comprehensive record of policy discussions six to eight weeks after each BIS Review 83/1997  -5-  meeting.
We now report the daily size of reserve operations within minutes of their completion, and we have lifted the last veil covering the inner sanctum of policy: Rather than speaking in tongues about “slight” or “somewhat” changes in reserve pressures, the FOMC now announces the intended federal funds rate when it is changed.