Monetary Policy and the Management of the Public Debt: Hearings Before the Subcommittee on General Credit Control and Debt Management of the Joint Committee on the Economic Report, Congress of the United States, Eighty-second Congress, Second Session, Pursuant to Section 5 (A) of Public Law 304, 79th Congress ... |
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agencies amount answer bank credit bank loans bank reserves bankers believe billion Board of Governors borrowing budget central bank Chairman changes commercial banks Congress Council of Economic credit control credit policy debt management defense deficit demand deposits discussion dollar effect employment executive expansion factor Federal Reserve banks Federal Reserve Board Federal Reserve System financing fiscal funds going gold Government bonds Government securities HEMINGWAY important income increase inflation inflationary pressures interest rates investment issue KEYSERLING Korea lenders lending MARTIN member banks ment monetary policy money supply Murphy Open Market Committee operations percent period President price level problem production public debt purchase question Representative BOLLING Representative PATMAN Representative WOLCOTT reserve requirements responsibility rise savings Secretary SNYDER Senator DOUGLAS Senator FLANDERS situation spending SPROUL stability statement subcommittee taxes things tion Treasury Treasury securities voluntary credit restraint
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Page 451 - ... conditions under which there will be afforded useful employment opportunities, including self-employment, for those able, willing, and seeking to work, and to promote maximum employment, production, and purchasing power.
Page 451 - 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, in a manner calculated to foster and promote free competitive...
Page 484 - Section, Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, DC 20551. «9 1990 1 Total funds advanced in credit markets to domestic OJ Q2' Q3' Q4
Page 76 - The doctrine of the separation of powers was adopted by the Convention of 1787, not to promote efficiency but to preclude the exercise of arbitrary power. The purpose was, not to avoid friction, but, by means of the inevitable friction incident to the distribution of the governmental powers among three departments, to save the people from autocracy.
Page 86 - Act of 1946; and (2) it is the will of Congress that the primary power and responsibility for regulating the supply, availability and cost of credit in general shall be vested in the duly constituted authorities of the Federal Reserve...
Page 125 - DIDC consists of the Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve System, the Chairman of the Board of...
Page 802 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Page 595 - I am inviting a group of our leading bankers to meet with me, the Secretary of the Treasury and the Chairman of the Federal Reserve Board in the near future.
Page 1 - Monetary Policy and the Management of the Public Debt, Report of the Subcommittee on General Credit Control and Debt Management of the Joint Committee on the Economic Report, Congress of the United States, Senate Document No. 163, 82d Cong., 2d Sess. Washington: United States Government Printing Office, 1952. Monetary Policy and the Management of the Public Debt...
Page 522 - 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...