Minutes of the Executive Committee Meetings.

The article presents the minutes of the first meeting of the 1976 Executive Committee of the American Economic Association held in Washington, D.C. on March 19, 1976. The following members were present: Franco Modigliani (presiding), Carolyn Shaw Bell, Barbara R. Bergmann, George H. Borts, Andrew F. Brimmer, Rendigs Fels, R. A. Gordon, Walter W. Heller, C. Elton Hinshaw, Harry G. Johnson, Lawrence R. Klein, Mark Perlman, Edmund S. Phelps, Alice Rivlin, Paul M. Sweezy, and Burton A. Weisbrod. The Secretary reported that, pursuant to the guideline that normally firm site commitments should not extend beyond five years, he had informed the convention bureaus of the cities now holding space for the 1982 meetings that a decision will probably not be made until 1977. The Treasurer reported that financial statements for 1975 received from the auditors show an operating deficit of $56 thousand, a little less than the anticipated deficit of $62 thousand. The Managing Editor reported that he may have overestimated printing costs in the 1976 budget. He had projected a price increase for paper which has not and may not materialize. The Chairman reported that at present the Association's bylaws provide for the election of a maximum of 25 foreign honorary members.