United States Monetary Policy: Recent Thinking and Experience. Hearings Before the Subcommittee on Economic Stabilization of the Joint Committee on the Economic Report, Congress of the United States, Eighty-third Congress, Second Session, Pursuant to Sec. 5(a) of Public Law 304, 79th Congress. December 6 and 7, 1954 |
Contents
Statement | 23 |
Lanston Aubrey G Aubrey G Lanston Co Inc New York N | 37 |
Clyde Jr chairman department of agricultural eco | 44 |
2 other sections not shown
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action amount balances bank reserves banking system billion Board of Governors borrowing buying capital cash central bank Chairman chart commercial banks Congress credit policy debt management demand depositaries deposits developments disorderly dollars effect employment excess reserves fact factors Federal Open Market Federal Reserve Bank Federal Reserve System fiscal function funds Government bonds Government securities market increase inflation inflationary interest rates intervention investment investors issues long-term maintain market for Government market operations MARTIN maturity member banks ment monetary policy money market mortgage objectives open market account Open Market Committee open-market operations pegging percent period portfolios positions present president price level problem purchases question reduce refunding Representative PATMAN repurchase agreements reserve requirements responsibility result Secretary HUMPHREY sectors Senator DOUGLAS Senator FLANDERS Senator GOLDWATER SMUTNY Sproul subcommittee supply tax and loan techniques tion transactions Treasury bills Treasury securities volume York