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action additional agencies amount answer to Question assets authority bank credit bank reserves banking system billion Board of Governors borrowing budget capital cash central bank Chairman changes commercial banks Congress Corporation countries credit and monetary credit expansion credit policy credit restraint currency debt management defense demand deposits direct discount rate discussion dollars economic effect Executive Federal Government Federal Reserve Act Federal Reserve Banks Federal Reserve System financing fiscal funds gold Government bond Government securities holdings important increase inflation inflationary pressures interest rates investment issues legislation lending liquid loans long-term maturity member banks monetary policy money market needs nonbank Open Market Committee open market operations percent period postwar present President public debt rediscount refunding regulation replies reserve requirements responsibility savings bonds Secretary selective credit controls short-term special reserve stability subcommittee tion Treasury securities Treasury's types U. S. C. Supp volume