| United States. Congress. House. Committee on Banking and Currency - 1930 - 1066 páginas
...speculative credit has already produced some strain, which has reflected itself in advances of from 1 to 1H per cent in the cost of credit for commercial uses....its reasonable', claims for rediscount facilities at ita Federal reserve bank when it borrows either for the purpose of making speculative loans or for... | |
| Irving Fisher, Hans R. L. Cohrssen - 1934 - 476 páginas
...advance of discount rates. A letter addressed to the Federal Reserve Banks on February 2, 1929, stated: "A member bank is not within its reasonable claims...facilities at its Federal Reserve bank when it borrows 22 Hearings on Brokers' Loans before the Banking and Currency of the US Senate, loth Congress, 1st... | |
| United States. Congress. Joint Economic Committee - 1980 - 64 páginas
...February, when the Federal Reserve Board finally decided to issue a warning in careful financial prose — "a member bank is not within its reasonable claims for rediscount facilities at the Federal Reserves Bank when it borrows for the purpose of making speculative loans" — prices broke... | |
| Thomas E. Hall, J. David Ferguson - 2009 - 217 páginas
...toward a still further firming of money rates to the prejudice of the country's commercial interests. The Federal reserve act does not, in the opinion of...resources of the Federal reserve banks for the creation of speculative credit. A member bank is not within its reasonable claims for rediscount facilities... | |
| Paul Studenski, Herman Edward Krooss - 2003 - 548 páginas
...approval. Instead, it resorted to moral suasion; in the famous circular of February, 1929, it said: "The Federal Reserve Act does not, in the opinion...within its reasonable claims for rediscount facilities . . . when it borrows either for the purpose of making speculative loans or for the purpose of maintaining... | |
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