The Supply and Control of Money in the United States: Together with A Proposed Revision of the Monetary System of the United States, Submitted to the Secretary of the Treasury, September 1934 |
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acceptance actual adjusted demand deposits amount appear assets authority balances bankers base bills Board bonds borrowing bring cash cent central bank changes CHAPTER continue contraction course debt decline decrease depression desirable direct discounted discussion earning economic effect excess reserves existing expansion fact factors Federal Reserve Federal Reserve Board figures follows forces function funds gold held holdings important income increase indebtedness individual interest issue liquidation loans loans and investments loss means of payment member bank reserves ments million monetary movements non-member notes objectives offset operations percentage period posits possible present probably problem purchases reason rediscount relation relatively remain Report reserve administration reserve banks reserve ratio reserve requirements result securities sensitivity shift supply of money tend term theory tion Treasury United various volume writers York