Committee Prints |
Other editions - View all
Common terms and phrases
amount assets associations authority balance Bank & Trust bank reserves banking system Board of Governors bonds budget capital central bank changes commercial banks Committee Comptroller Congress consumer credit cooperatives coordination Council credit banks credit controls credit policies currency debt management deficit Deposit Insurance Corporation desirable dollar economic stability effective expenditures Farm Credit Administration FDIC Federal Deposit Insurance Federal Reserve banks Federal Reserve Board Federal Reserve policies Federal Reserve System financing fiscal policy functions funds Government securities guaranties Hoover Commission increase inflation inflationary institutions interest rates J. P. Morgan legislation lending limited loans maintain member banks membership ment monetary and credit monetary policy money supply mortgage National Bank National Monetary nonmember banks objectives Open Market operations percent period postwar present price of gold principal private borrowers problems public debt purchase purposes regulation reserve requirements short-term silver supervision surplus System answer tion Treasury
Popular passages
Page 184 - These discussions preceded the working out of the accord between the Treasury and the Federal Reserve concerning policies that deal with their related problems. The following joint announcement was made on March 3, 1951, for publication March 4, by the Secretary of the Treasury and the Chairman of the Board of Governors and of the Federal Open Market Committee of the Federal Reserve System...
Page 98 - Employment Act of 1946". DECLARATION OF POLICY SEC. 2. The Congress hereby declares that it is the continuing policy and responsibility of the Federal Government to use all practicable means consistent with its needs and obligations and other essential considerations of national policy, with the assistance and cooperation of industry, agriculture, labor, and State and local governments, to coordinate and utilize all its plans, functions, and resources for the purpose of creating and maintaining,...
Page 32 - The System is prepared to use its powers to assure that an ample supply of funds is available at all times for financing the war effort and to exert its influence toward maintaining conditions in the United States Government security market that are satisfactory from the standpoint of the Government's requirements.
Page 148 - ... as it deems necessary or appropriate for the accommodation of commerce and industry, having due regard to the general credit situation of the country, and (2) prescribe such higher margin requirements for the initial extension or maintenance of credit as it may deem necessary or appropriate to prevent the excessive use of credit to finance transactions in securities.
Page 257 - ... per centum per annum on the unpaid principal, said two rates combined constituting the interest rate on the mortgage; and, third, such amounts to be applied on the principal as will extinguish the debt within an agreed period, not less than five years nor more than forty years...
Page 242 - Weisl, certain proposed amendments which have been approved, we are told, by the Executive Office of the President and the Bureau of the Budget.
Page 239 - Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of the obligation of the Fund.
Page 98 - Employment Act of 1946. Section 2 of this act provides : The Congress hereby declares that it is the continuing policy and responsibility of the Federal Government to use all practicable means consistent with its needs and obligations and other essential considerations of national policy, with the assistance and cooperation of industry, agriculture, labor, and State and local governments...
Page 208 - Employment Act of 1946 is stated as follows : The Congress hereby declares that It is the continuing policy and responsibility of the Federal Government to use all practicable means consistent with its needs and obligations and other essential considerations of national policy, with the assistance and cooperation of Industry, agriculture, labor, and State and local governments...
Page 25 - ... in a manner calculated to foster and promote free competitive enterprise and the general welfare, conditions under which there will be afforded useful employment opportunities, including self-employment, for those able, willing, and seeking to work," — I think these are the key words, Senator Bennett — "and to promote maximum employment, production, and purchasing power.