A bill to amend the Federal Reserve Act to require that detailed minutes of Federal Open Market Committee meetings shall be published on a deferred basis.

Amends the Federal Reserve Act to require that detailed minutes of Federal Open Market Committee meetings be released to the general public four years after the calendar year in which they occur.

Authorizes the Board of Governors of the Federal Reserve System to delete information from such minutes which concerns foreign countries, central banks of foreign countries, or international institutions in which foreign countries or foreign central banks constitute a majority of the membership. Directs the Board to: (1) note such deletions in the minutes of the meeting to which they relate; (2) review such deletions for publication 15 years after such meeting; and (3) publish such deletions no later than 30 years after such meeting.

Directs the Board to publish, within six months after the enactment of this Act, all previously unreleased minutes of Open Market Committee Meetings held prior to April 1, 1976.