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" Federal reserve banks in the effective discharge of their function of so managing the credit facilities of the Federal reserve system as to accommodate commerce and business, it is its duty to inquire into them and to take such measures as may be deemed... "
Branch, Chain, and Group Banking: Hearings Before the Committee on Banking ... - Page 642
by United States Congress. House. Banking and Currency Committee - 1930
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Congressional Record: Proceedings and Debates of the ..., Volume 70, Part 5

United States. Congress - Law - 1929 - 940 pages
...statement concerned Itself wtih credit conditions. It disclaimed both the authority and the desire " to set itself up as an arbiter of security speculation or values." That still is the board's position. At the time of the issue of its statement, it was the belief of...
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Lobby Investigation: October 15-18, 21-23, 1929

United States. Congress. Senate. Committee on the Judiciary - Lobbying - 1929 - 976 pages
...statement concerned itself with credit conditions. It disclaimed both the authority and the desire to "set itself up as an arbiter of security speculation or values." That still is the board's opinion. At the time of the issue of its statement it was the belief of the...
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Branch, Chain, and Group Banking, Volume 1

United States. Congress. House. Committee on Banking and Currency - Bank failures - 1930 - 1066 pages
...may impair its future. The Federal Reserve Board neither assumes the right nor has it any disposition to set itself up as an arbiter of security speculation...facilities of the Federal reserve system as to accommodate commerce and business, it is its duty to inquire into them and to take such measures as may be deemed...
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United States Congressional Serial Set, Issue 9000

United States - 1930 - 1262 pages
...statement concerned itself with credit conditions. It disclaimed both the authority and the desire "to set itself up as an arbiter of security speculation or values." That still is the board's position. At the tune of the issue of its statement, it was the belief of...
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Operation of the National and Federal Reserve Banking Systems ..., Parts 1-7

United States. Congress. Senate. Committee on Banking and Currency - Banking law - 1931 - 1140 pages
...may impair its future. The Federal Reserve Board neither assumes the right nor has it any disposition to set itself up as an arbiter of security speculation...facilities of the Federal reserve system as to accommodate commerce and business, it is its duty to inquire into them and to take such measures as may be deemed...
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Operation of the National and Federal Reserve Banking Systems: Hearings ...

United States. Congress. Senate. Committee on Banking and Currency - Banking law - 1931 - 1108 pages
...effects ss and may impair its future. •deral Reserve Board neither assumes the right nor has it any a to set itself up as an arbiter of security speculation or values. It is, its business to see to it that the Federal reserve banks function as as conditions will permit. When...
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