An original concurrent resolution relating to the coordination of monetary and fiscal policies.

Declares that it is the sense of Congress that there should be coordination of fiscal and monetary policy to reduce interest rates and that the Federal Reserve should: (1) continue to guide its behavior by reference to monetary and credit aggregates; (2) follow a monetary policy consistent with a continued reduction of interest rates; and (3) strive for greater stability in the growth rates of the monetary aggregates.

Directs the Federal Reserve Board to include in its reports to Congress an analysis of the effects in current and prospective years on credit markets and the economy: (1) of the Federal budgets deficits or surpluses projected for the next three fiscal years in certain presidential and congressional documents; and (2) of alternative deficits or surpluses.