Monetary Policy and the Management of the Public Debt: Their Role in Achieving Price Stability and High-level Employment, Volume 3, Part 1 |
Common terms and phrases
action activities agencies amount assets authority bank credit bank reserves bankers banking system billion Board of Governors borrowing budget capital cash central bank Chairman changes commercial banks Congress consumer credit countries credit and monetary credit controls credit expansion credit policy debt management Defense Production Act demand deposits developments directors discount rates discussion dollars economic effect Federal Reserve Act Federal Reserve Banks Federal Reserve System financing institutions fiscal functions funds gold Government securities holdings important increase inflation inflationary pressures influence installment credit interest rates investment investors issues lenders lending liquidity loans long-term maturity member banks ment monetary policy National Bank needs nonbank Open Market Committee open market operations percent period postwar President problems public debt purchases purpose real estate credit reduce reserve requirements restrictive savings bonds Secretary selective credit stability stock market credit tion United volume Voluntary Credit Restraint