Government Ownership of the Twelve Federal Reserve Banks: Hearings Before ... , 75-3 on H.R. 7230 ... , March 2 ... April 19, 19381938 - 508 pages |
Common terms and phrases
12 Federal Reserve amendment assets bank credit bankers banking system believe BINDERUP Board of Governors bonds central banking Chairman commercial Committee on Monetary commodity Congress contraction corporations CRAWFORD currency Dean PHILLIPS demand bank deposits demand deposits depression directors economic economists effect excess reserves expansion Federal Reserve Act Federal Reserve banks Federal Reserve Board Federal Reserve System finance FORD GIFFORD Goldsborough bill GOODBAR Government ownership Governor ECCLES increase industry inflation investment issue loans LUCE mandate MCKEOUGH member banks ment monetary policy money supply National Bank open-market committee Patman bill percent present President price level production Professor FISHER Professor LEFFLER Professor SPAHR profits proposed purchasing power question RANSOM reason Reginald McKenna regulate the value REILLY reserve requirements securities Senator Owen silver SPENCE stability statement thing tion TRANSUE Treasury United University value of money WILLIAMS York
Popular passages
Page 138 - System shall consist of fifteen members, including the Secretary of the Treasury, the Comptroller of the Currency, and the Chairman of the Board of...
Page 31 - A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men...
Page 265 - The people of the United States are entitled to a sound and stable currency and to money recognized as such on every exchange and in every market of the world. Their Government has no right to injure them by financial experiments opposed to the policy and practice of other civilized states...
Page 265 - ... of its correction — is practically defenseless. He relies for work upon the ventures of confident and contented capital. This failing him, his condition is without alleviation, for he can neither prey on the misfortunes of others nor hoard his labor.