 | United States. Congress. Senate. Committee on Banking and Currency - 1954 - 1292 pages
...at any one time. Under Uie original Federal Reserve Act, the Federal Reserve banks had authority to purchase Government obligations, either in the market or directly from the Treasury. The Banking Act of 19.35 limited this authority, however, to open market transactions. In 1942, the... | |
 | United States. Congress. House. Committee on Banking and Currency - Bonds - 1956 - 48 pages
...on January 24, 1956. It has been endorsed by the Board of Governors of the Federal Reserve System. Prior to 1935, Federal Reserve banks could purchase...until 1942, however, this authority was restricted to open market transactions under the Banking Act of 1935. That is, they could be purchased but only in... | |
 | United States Congress. House. Banking and Currency Committee - 1956 - 48 pages
...on January 24, 1956. It has been endorsed by the Board of Governors of the Federal Reserve System. Prior to 1935, Federal Reserve banks could purchase...until 1942, however, this authority was restricted to open market transactions under the Banking Act of 1935. That is, they could be purchased but only in... | |
 | United States. Congress. House. Committee on Banking and Currency - Bonds - 1958 - 36 pages
...will recall that the Federal Reserve banks under the original Federal Reserve Act had authority to purchase Government obligations either in the market or directly from the Treasury without limitation on their holdings up until 1935. The Banking Act of 1935 limited this authority,... | |
 | United States. Congress. Senate. Agriculture and Forestry Committee - 1958 - 34 pages
...will recall that the Federal Reserve hanks uader the original Federal Reserve Act had authority to purchase Government obligations either in the market or directly from the Treasury without limitation on their holdings up until 1935. The Banking Act of 1935 limited this authority,... | |
 | United States. Congress. Senate. Committee on Banking and Currency - Banking law - 1963 - 716 pages
...directly from the Treasury in amounts not to exceed $5 billion outstanding at any one time. Up to 1934 Federal Reserve banks could purchase Government obligations...either in the market or directly from the Treasury. The Banking Act of 1935, however, required that all purchases of Government securities by Federal Reserve... | |
 | United States. Department of the Treasury - Finance, Public - 1955 - 802 pages
...on January 24, 1956. It has been endorsed by the Board of Governors of the Federal Reserve System. Prior to 1935, Federal Reserve Banks could purchase...until 1942, however, this authority was restricted to open market transactions under the Banking Act of 1935. In 1942 the authority of the Federal Reserve... | |
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In 1942 the authority of the Federal Reserve Banks to purchase securities directly from the Treasury was restored, but a limit of $5 billion was placed on the amount outstanding at any one time. 