Monetary Policy of Plenty Instead of Scarcity: Hearings Before ... , 75-3 on H.R. 7188 ... , July 8 ... March 10, 19381938 - 611 pages |
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Page 11
... full production . It cannot be included as part of a bank's fractional reserves , but it constitutes 100 percent reserve against the credit that has arisen from it . In other words , if a bank has received from the Treasury or a ...
... full production . It cannot be included as part of a bank's fractional reserves , but it constitutes 100 percent reserve against the credit that has arisen from it . In other words , if a bank has received from the Treasury or a ...
Page 12
... Reserve Board to raise the reserve require- ments to 100 percent , as was provided in the original 1935 act , as it was introduced in the House . There are good reasons for feeling that an elastic system of re- serve ratios will be a ...
... Reserve Board to raise the reserve require- ments to 100 percent , as was provided in the original 1935 act , as it was introduced in the House . There are good reasons for feeling that an elastic system of re- serve ratios will be a ...
Page 13
... percent , or from thirty - one and five - tenths to forty - two and two - tenths billions of dollars . Those figures are from the Federal Reserve ... 100 to 119 , the commodity - price index was falling from 98 to 95 , the ... percent . It ...
... percent , or from thirty - one and five - tenths to forty - two and two - tenths billions of dollars . Those figures are from the Federal Reserve ... 100 to 119 , the commodity - price index was falling from 98 to 95 , the ... percent . It ...
Page 18
... deposits already referred to have to be created in line with our present fiscal policies , a 100 - percent reserve will be forced upon the banking system . On the other hand , if trade credits are revived , without recourse to ...
... deposits already referred to have to be created in line with our present fiscal policies , a 100 - percent reserve will be forced upon the banking system . On the other hand , if trade credits are revived , without recourse to ...
Page 24
... Reserve Board , 1923-25-100 .. 85 119 64 Wholesale commodity price - Index 1936-100 . 68 97 95 65 National wealth ... Percent of national wealth represented by debt .. Percent of national income represented by debt service . Population ...
... Reserve Board , 1923-25-100 .. 85 119 64 Wholesale commodity price - Index 1936-100 . 68 97 95 65 National wealth ... Percent of national wealth represented by debt .. Percent of national income represented by debt service . Population ...
Common terms and phrases
100-percent reserve 15 percent 15-percent discount amount ANGAS answer assets automobile balance bank reserves bankers banking system bill billion dollars borrow BROUGHAM buying power capital cash CHAIRMAN circulation committee commodities consumer consumption control account cost course CRAWFORD create CROMWELL debt demand depositors deposits economic expand Federal Credit Commission Federal Reserve Board Federal Reserve System flow FORD fractional reserves GIFFORD give GOLDSBOROUGH Government HARVEY income increase industry inflation inflationary interbank currency notes issue liability liquidation LUCE McGRANERY MCKEOUGH mean ment monetary MONETARY POLICY MUNSON national credit national credit control operation PATMAN present price level problem profits purchasing power purpose question reduce REILLY reserve requirements retail discount sell social credit SPAHR SPENCE statement sumer Suppose taxes thing tion trade TRANSUE Treasury vouchers wages wealth WEYFORTH WILLIAMS
Popular passages
Page 110 - ... of purchasing power to individuals, through the media of wages, salaries, and dividends; and on the other hand as a manufactory of prices — financial values. From this standpoint its payments may be divided into two groups. Group A. — All payments made to individuals (wages, salaries, and dividends). Group B. — All payments made to other organisations (raw materials, bank charges, and other external costs...
Page 1 - No person shall be eligible for appointment as a commissioner unless he is a citizen of the United States, and, in the judgment of the President, is possessed of qualifications requisite for developing expert knowledge of tariff problems and efficiency in administering the provisions of Part II of this title.
Page 2 - ... clerks, and other employees as it may from time to time find necessary for the proper performance of its duties and as may be from time to time appropriated for by Congress.
Page 110 - Group B — All payments made to other organizations (raw materials, bank charges, and other external costs). , Now the rate of flow of purchasing power to individuals is represented by A, but since all payments go into prices, the rate of flow of prices cannot be less than A+B. The product of any factory may be considered as something which the public ought to be able to buy, although in many cases it is an intermediate product of no use to individuals...
Page 173 - Hitherto it is questionable if all the mechanical inventions yet made have lightened the day's toil of any human being. They have enabled a greater population to live the same life of drudgery and imprisonment, and an increased number of manufacturers and others to make fortunes.
Page 2 - ... or (2) to induce, or attempt to induce, by like means any such member or employee to make any decision or order, or to take any action, with respect to any matter within the authority of the commission.
Page 190 - ... made by the Bureau of Home Economics of the United States Department of Agriculture, would have necessitated an increase in production over 1929 levels of approximately 75 per cent.
Page 1 - The findings of the Secretary as to the facts, if supported by substantial evidence, shall be conclusive...
Page 2 - No commissioner shall engage in any other business, vocation, or employment than that of serving as commissioner, nor shall any commissioner participate, directly or indirectly, in any stock-market operations or transactions of a character subject to regulation by the Commission pursuant to this title.