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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adjusted demand deposits amount appear bank credit bank loans bankers banking system bills discounted bonds borrowing branch banking business cycle call dates cent central bank CHAPTER Commercial Loan Theory control of money country banks currency Currie's debits debt decline decrease demand for loans deposits of non-member deposits subject depression downswing earning assets excess reserves expansion of deposits factors Federal Reserve Act Federal Reserve Banks Federal Reserve Board Federal Reserve System important income increase member bank interest rates June 30 Keynes liquidation loans and investments means of payment member bank reserves ments million monetary authority monetary policy monetary theory money supply movements non-member banks notes offset open market operations percentage period portfolio purchases rediscount rate required reserves reserve administration reserve balances reserve ratio reserve requirements result security loans subject to check supply of money term tion Treasury upswing vault cash volume of money York banks