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FEDERAL OPEN MARKET COMMITTEE v. MERRILL

No. 77-1387.

443 U.S. 340 (1979)

99 S.Ct. 2800

61 L.Ed.2d 587

FEDERAL OPEN MARKET COMMITTEE OF THE FEDERAL RESERVE SYSTEM v. MERRILL.

Supreme Court of United States.

Decided June 28, 1979.

Attorney(s) appearing for the Case

Kenneth S. Geller argued the cause for petitioner. With him on the briefs were Solicitor General McCree, Assistant Attorney General Babcock, Leonard Schaitman, and Thomas G. Wilson.

Victor H. Kramer argued the cause for respondent. With him on the brief was Douglas L. Parker.*

MR. JUSTICE BLACKMUN delivered the opinion of the Court.

The Federal Open Market Committee has a practice, authorized by regulation, 12 CFR § 271.5 (1978),1 of withholding certain monetary policy directives from the public during the month they are in effect. At the end of the month, the directives are published in full in the Federal Register. The United States Court of Appeals for the District...

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