Recent Federal Reserve Action and Economic Policy Coordination: Hearings Before the Joint Economic Committee, Congress of the United States, Eighty-ninth Congress, First Session, Parte 1U.S. Government Printing Office, 1965 - 590 páginas |
Palavras e frases frequentes
administration amount balance of payments BALDERSTON bankers Banking and Currency billion Board of Governors borrowing budget CD's ceiling certificates of deposit Chairman PATMAN commercial banks Congress coordination corporation cost debt December decision discount rate dollar Eccles effect expenditures Federal Reserve Act Federal Reserve Bank Federal Reserve Board Federal Reserve notes Federal Reserve System full employment funds Glass bill Government securities Governor Maisel Governor Mitchell House Ibid increase independence inflation inflationary interest rates investment issue judgment loan associations maturity member banks ment monetary policy money market months mortgage National Bank obligations Open Market Committee open market operations open market policy President problem purchases question raise reasons rediscount regulation Representative CURTIS Representative REUSS Representative WIDNALL reserve requirements savings and loan savings certificates Secretary Senator JAVITS Senator MILLER Senator PROXMIRE Senator SPARKMAN statement tion Treasury U.S. Government York
Passagens conhecidas
Página 121 - Any note, draft, bill of exchange or banker's acceptance which arises out of a current transaction or the proceeds of which have been or are to be used for current transactions...
Página 121 - Nothing in this Act contained shall be construed to prohibit such notes, drafts, and bills of exchange, secured by staple agricultural products, or other goods, wares, or merchandise from being eligible for such discount...
Página 121 - Federal reserve bank may discount notes, drafts, and bills of exchange! arising out of actual commercial transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been used, or are to be used, for such purposes...
Página 348 - Indicate the types of mortgages; for example, first or second mortgages and whether such mortgages are to be insured by the Federal Housing Administration or guaranteed by the Veterans...
Página vii - Section 2; (2) current and foreseeable trends in the levels of employment, production, and purchasing power; (3) a review of the economic program of the Federal Government and a review of economic conditions affecting employment in the United States or any considerable portion thereof during the preceding year and of their effect upon employment, production, and purchasing power; and (4) a program for carrying out the policy declared in Section 2, together with such recommendations for legislation...
Página 50 - 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...
Página 121 - System, extend to each member bank such discounts, advancements, and accommodations as may be safely and reasonably made with due regard for the claims and demands of other member banks, the maintenance of sound credit conditions, and the accommodation of commerce, industry, and agriculture.
Página 121 - Any member bank may accept drafts or bills of exchange drawn upon it having not more than six months
Página 120 - ... the proceeds of which have been used or are to be used, in producing, purchasing, carrying or marketing goods ' in one or more of the steps of the process of production...
Página 124 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.