Federal Reserve Chairman Alan Greenspan will disclose the central bank's monetary policy for the year in his semiannual report to Congress Tuesday before the House Banking Committee. He'll make a similar appearance the next day before the Senate Banking Committee.

Investors in financial markets will be watching closely, although no major changes in policy are expected.

The Senate Banking Committee spent the weekend trying to work out a final version of a bill to repeal the 55-year-old law that separates securities activities from commercial banking. {Details on Page H8.}

Lawmakers last summer passed a law to temporarily prevent regulators from giving banks any new powers to sell securities. The freeze expires March 1. By then Congress was to have passed a permanent banking law defining how far commercial banking and securities underwriting could mingle.

The freeze is expected to expire uneventfully, with no major push by the securities industry to try to extend it. But lobbyists and congressional aides were skeptical late last week that Congress will be able to pass a new banking bill any time soon.

Several sets of economic numbers are expected to be released this week.

On Monday the monthly federal budget statement for January is scheduled to be released by the Treasury Department.

On Tuesday, the Commerce Department will report new orders for durable goods received by manufacturers, which will give a further indication of the extent of any slowing in production in coming months.

A revised estimate of the gross national product for the fourth quarter will be released Thursday by Commerce along with preliminary estimates of corporate profits for the same three months. Most analysts expect an upward revision in the preliminary estimate that real GNP rose at a 4.2 percent annual rate.

The consumer price index for January will be reported by the Labor Department on Friday, while Commerce releases figures for personal income and spending for January. The latter will give additional information about whether consumers are cutting back, a key element in the short-term economic outlook.